LIC Jeevan Tarun (Table 934): Complete Child Plan Guide 2026
An LIC Child Plan(modeled on the highly popular **LIC Jeevan Tarun Plan 934**) is specifically designed to secure the financial future of your child, ensuring their education, marriage, and career milestones are fully funded. This non-linked, participating plan offers a perfect blend of savings and life insurance to shield your child's aspirations.
Four Survival Benefit Payout Options
One of the key features of the Jeevan Tarun child plan is flexibility. At inception, you select how survival benefit payments (distributed annually from age 20 to 24) and the maturity lump sum (paid at age 25) are split:
The Premium Waiver Benefit (PWB) Rider
We strongly recommend adding the **Premium Waiver Benefit Rider**. If the parent (proposer) passes away during the premium payment term, all future premiums are waived immediately. The policy continues without any payments, and the child still receives all survival payouts and maturity benefits exactly as planned.
Child Plan Eligibility & Terms
- Entry Age of Child: 90 days to 12 years (last birthday).
- Maturity Age: Fixed at 25 years.
- Policy Term: `25 - Child's Entry Age` (years).
- Premium Paying Term (PPT): `20 - Child's Entry Age` (years).
- Sum Assured Rebates: Up to ₹3 per ₹1000 SA discount for high coverage values (₹5 Lakhs and above).
Frequently Asked Questions (Child Plans)
Which LIC plan is best for child education and marriage planning?▼
LIC Jeevan Tarun (Table 934) and LIC Amritbaal (Table 874) are specifically engineered for child education milestones. Jeevan Tarun offers four flexible survival benefit options between child's age 20 to 24 plus a maturity lump sum at age 25.
What is the Premium Waiver Benefit (PWB) Rider in an LIC Child Plan?▼
The PWB Rider ensures that if the parent (proposer) dies prematurely, all future premiums are completely waived by LIC. The policy remains in force and the child receives all scheduled survival payouts and maturity bonuses in full.
When does life risk cover start on the child's life in Jeevan Tarun?▼
If the child is younger than 8 years at inception, risk cover commences 2 years after policy issuance or on the policy anniversary immediately following the child reaching age 8, whichever is earlier. For children aged 8 or above, risk cover starts immediately.
Are maturity proceeds from LIC child plans exempt from income tax?▼
Yes, maturity payouts and milestone survival benefits are 100% tax-free under Section 10(10D) of the Income Tax Act 1961, provided the aggregate annual premium on all non-ULIP life insurance policies does not exceed ₹5,00,000.
