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Lic Jeevan Tarun vs Lic Jeevan Rakshak

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Lic Jeevan Tarun vs Lic Jeevan Rakshak

Lic Jeevan Tarun

LIC's Jeevan Tarun is basically a participating non-linked limited premium plan that offers a great combination of protection along with savings for your children. This plan dis esigned in a way that can easily meet the educational and several other needs of your growing child with annual survival b...

Lic Jeevan Rakshak

LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan that provides a combination of insurance and savings. As the name suggests, the plan offers life insurance as well as maturity benefits. This plan was introduced in August 2014 by the Life Insurance Corporation (LIC) of India...

PLAN DETAILS

Lic Jeevan Tarun


Lic Jeevan Rakshak

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Death Benefits
  • Survival Benefits
  • Participation in profits
  • Death Benefits
  • Maturity Benefits
  • Additional Bonus
Plan Maturity age Maximum Maturity Age - 25 years Maximum Maturity Age - 70 years
Premium payment term 20 Minus Age at Entry Equal to the policy term
Plan Entry Age Minimum Age - 90 days Maximum Age - 12 years Minimum Age - 8 years Maximum Age - 55 years
Sum assured Rs 75,000 to No limit Rs 75,000 to Rs 2 lakhs
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 25 Minus Age at Entry Minimum term - 10 years Maximum term - 20 years
Claim Settlement Ratio (2024-25) 98.5% 98.5%
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Know More About Plans

LIC's Jeevan Tarun is basically a participating non-linked limited premium plan that offers a great combination of protection along with savings for your children. This plan dis esigned in a way that can easily meet the educational and several other needs of your growing child with annual survival benefit payments from ages 20 to 24 years and Maturity Benefit at the age of 25 years. As compared to others, it is a flexible plan under which the proposal stage of the proposer can select the proportion of survival benefits that will be availed during the tenure of the policy as per a few options that are stated below

LIC Jeevan Tarun Plan offers you a range of benefits including:

why-choose
  • Death Benefits
  • Maturity Benefits
  • Participation in Profits
  • High Sum Assured Rebate
  • Survival Benefits

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