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).