LIC Jeevan Tarun 934 Calculator: Premium and Maturity Estimator 2026

1. Introduction

The LIC Jeevan Tarun 934 calculator stands out as a free online tool. Parents can use it to estimate premiums and future benefits for child insurance needs swiftly. This endowment plan mixes life cover with savings. It matures at age 25 to support key milestones. Why bother with it now? Uncertainty lingers in the world today. Early starts fund education or marriage without added worry. Skip branch trips or long agent chats. Enter basic info for reliable estimates from LIC guidelines. That approach empowers better family decisions every time.

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2. About the Plan - Key Details

Plan Overview: LIC Jeevan Tarun, known as Plan No. 934 with UIN 512N299V02, serves as a non-linked participating endowment assurance. It targets children through protection and savings combined. Launch came in February 2020. Updates added flexibility since then. Parents find it perfect for nesting funds toward kids' goals.

Eligibility and Terms: Entry begins at 90 days old and runs to 12 years on the last birthday. Maturity locks in at 25 years. Coverage matches growth stages precisely. Policy term equals 25 minus entry age. A 5-year-old child secures 20 years. Premiums pay over a shorter span, often five years below the term. That setup eases budgets for families.

Sum Assured and Age Calculation: Sum assured starts at ₹75,000 minimum. No cap exists on the upper end. Scale it to fit specific requirements. Age uses the Nearer Birthday method. It rounds to the nearest birthday for equitable rates. LIC's brochure stresses long-term safety. Survival benefits help with costs like school fees. Wealth builds steadily alongside.

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3. Key Features & Benefits

Maturity and Bonus Benefits: Jeevan Tarun is rich in features, which primarily concentrate on the needs of children and their healthy development. The maturity amount at the age of 25, therefore, consists not only of the basic sum assured but also the bonuses including the vested simple reversionary bonuses and the final additional bonus.

The 2026 LIC announcements have an SRB rate range of ₹34 to ₹45 per ₹1,000 sum assured. The rates are different for different terms and sums. So, the payouts increase considerably.

Death Benefits: In the unfortunate event of the child's passing during the policy term, the nominees will be given the higher of the sum assured or 105% of the premiums paid. The support will be provided to the family, without any delay.

If the death of the proposer occurs, it leads to the sum assured on the child as well as the in-force bonuses being paid. The coverage stays there when you go through the difficult times.

Tax Savings and Additional Options: Tax relief applies under Section 80C for premiums up to 1.5 lakh deduction. Section 10(10D) exempts maturity and death proceeds from tax, per 2026 rules. Loans reach 90% of surrender value for urgent needs. Survival benefits offer four choices. They range from 0 to 15% of sum assured yearly over five years. Funds align with events like higher studies.

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4. How to Use the Calculator

This calculator simplifies planning for parents on the go. Find the left-side form on the page. Results appear fast without complications.

Step 1: Enter Date of Birth

Start your work from the very top with the Date of Birth field. It is highlighted with an asterisk to show that it is necessary. For a simple choice, click on the calendar icon. The dates vary from 90 days ago up to 12 years. Age is calculated automatically by the Nearest Birthday method. It takes the date that is the closest for more accuracy. In case of age-related mistakes, corrections like "Age must be between 90 days and 12" will be suggested to you.

Step 2: Input Sum Assured

Move to the Sum Assured entry next. Minimum sits at ₹75,000, multiples of ₹1,000. Number pad aids input. A placeholder notes the floor. Coverage scales with budget choices. Larger amounts boost protection yet raise costs.

Step 3: Choose Policy Term and Options

The policy term is initially set to 25 years for maturity. Make sure that the setting is correct. From the drop-down menu, select the Survival Benefit Option. The options comprise of no and 5%, 10%, 15% of the sum assured annually for a period of five years. A staggered release of money is appropriate for payments such as a school fee. Also, pick Premium Payment Mode - yearly, half-yearly, quarterly, or monthly. Be in tune with the cash availability.

Step 4: Calculate and Review

Press the green Calculate button below. Right panel displays outcomes. View annual or mode premiums, maturity with bonuses, total SRB and FAB, term details, and paying period. Rupees format everything clearly. Reset clears for adjustments. Estimates only-seek LIC advisor for tailored advice. Experiment with survival picks. Observe shifts in cash flow across life phases.