Jeevan Tarun's defining feature is the four-option menu: at policy inception, the proposer chooses how much of the BSA to receive during ages 20–24 (as annual SBs) versus how much to accumulate and receive at maturity. This is unusual — most LIC money-back plans have a fixed schedule. Option 3 (10%/yr SB, 50% maturity) is the most popular balanced choice and is used for the default illustration. Option 1 (no SB, 100% maturity) effectively turns Jeevan Tarun into a 25-year endowment with PPT of 20 years — better for buyers who don't want intermediate liquidity at all. The premium-free last 5 years (ages 20–25) is a practical advantage: the child is in college or starting work and doesn't need to worry about premium collection. The PWB rider on the proposer is, as with Plan 932, the most important add-on.

• Four SB options let the proposer choose the SB-versus-maturity trade-off at policy inception — a flexibility no other LIC money-back plan offers.
• Option 1 (0% SB) converts the plan into a de facto endowment, useful for buyers who prefer a single lump sum at the child's age 25.
• Option 4 (15%/yr SB × 5 years = 75% paid before maturity + 25% at maturity) maximises pre-maturity cashflow, suitable if the child's education costs are expected to be heavy at ages 20–24.
• Premium paying ends when the child turns 20 — the last 5 years (ages 20–25) are premium-free, aligning with the child's college years.
• PWB rider on the proposer is critical: if the parent dies before the child turns 20, all remaining premiums are waived and the plan runs to full maturity.
• XIRR is approximately 5–6% at base bonus rates — consistent with Plan 932 and other participating money-back plans. The SB option choice does not materially change the XIRR (it shifts timing of cashflows, not total value).

Asymmetrica isn't an insurance advisor. The opinions above are editorial; the numbers in the calculator are computed from the plan's own brochure. Read both, then decide.