LIC Child Career Plan Jeevan Tarun(834) Premium Maturity CalculatorLIC Jeevan Tarun is mainly aimed to meet the educational needs of growing children. It is a contributing non-linked limited premium plan. The plan offers both protection as well as saving feature for the children. The plan is particularly beneficial for saving money for growing children. Annual Survival Benefit premiums are to be paid form the age of 20 years to 24 years and the maturity benefit is gained at the age of 25 years. The plan is flexible and the proposer can determine the amount of Survival Benefits which is to be availed during the policy tenure. There are several options regarding the Survival Benefits and the chosen option becomes the part of the policy contract. The plan also provides loan facility. Any parent or grandparent of a child aged within 0 to 12 years can purchase this plan. Each policy need a certain amount of premium to be paid and in this case, the amount depends on many factors like the period of the policy, age of the child and the proposer, assured amount, waiver benefit and maturity options. For the ease of the customers and other interested persons there are many calculators to calculate the premium amount of LIC Jeevan Tarun plan. The official site has one such calculator to calculate the premium amount.
How to Use LIC Jeevan Tarun premium calculatorMany sites provide the means to calculate the LIC Jeevan Tarun premium amount. All these calculators are form type and require information about the policy as well as the policy holder. LIC’s official website has a Jeevan Tarun premium calculator. These are the steps to calculate the premium amount:
1. Step 1: Name age and gender of the interested person or the policy is to be entered first.
2. Step 2: Policy name (Jeevan Tarun) is selected from the list of policies by marking the check box and then coverage is clicked.
3. Step 3: Next the coverage info is entered in the form which appears. Here the assured sum, policy term, premium term and additional coverage is to be selected and entered accurately.
4. Step 4: Next the quote is clicked. After following these steps a new page will appear where a detailed description of the plan as well as the maturity amount and premium amount will be displayed including the GST.
LIC Jeevan Tarun premium calculator excel format free download OnlinePremium amounts can also be easily calculated via excel sheets if the data are entered correctly. The formation of these excel sheets are tricky and time consuming, due to this the official provides readymade spreadsheet for free. The best option is to use the spreadsheets from the official sites. Tax rates and other financial factors are a matter of change and it changes almost each and every year. The official spreadsheets include these changes so it is best to use the official spreadsheets. The site to download the spreadsheet is: https://www.licpremiumcalculator.com/
LIC Jeevan Tarun premium calculator and maturity amount with service taxAfter the age of 20 years of the child, a fixed percentage of the assured sum (according to the selected option), reversionary benefit and other bonuses are together provided for the next four years. This is how the maturity amount is provided under this plan. The amount of this maturity amount can be calculated in the official LIC site as well as Insurance 21 and Policy bazaar.
All the sites provided above calculate the Jeevan Tarun premium amount by including the service tax and GST. The percentage of tax which is included in the premium amount is also displayed clearly in all the sites.