LIC Jeevan Tarun: Flexible Savings with Optional Annual Benefits

LIC Jeevan Tarun targets families with children between 90 days and 12 years. The plan’s flexibility lies in the choice of annual survival benefit once the child turns 20, continuing through age 24. Policyholders can elect 0, 5, 10 or 15 percent of the Basic Sum Assured to be paid each year. Whatever amount is not taken as a survival benefit stays in the fund and, together with accrued bonuses, is released as a lump‑sum at age 25. This structure lets parents balance immediate cash flow needs against a larger corpus for higher education or marriage expenses later on.