Both plans accept children from birth up to 12 years old, with payment terms of 16-25 years.
LIC Jeevan Lakshya includes an automatic premium waiver benefit for parental demise.
LIC Jeevan Tarun offers four flexible money-back options for education funding between ages 20-25.
Premium Waiver Benefit (PWB) is optional for Jeevan Tarun but built-in for Jeevan Lakshya.