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LIC's Jeevan Tarang (Plan No. 178, UIN :512N235V01)

LIC's Jeevan Tarang (Plan No. 178, UIN :512N235V01)

  • Policy Document attached file is in PDF Document Format (Content is in English)
  • Sales Brochure attached file is in PDF Document Format (Content is in English)
  • Features

    Date of Withdrawal : 01.01.2014

    Introduction:

    This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.

    Accumulation Period :

    The plan offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.

    Payment of Premium:

    Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy.

    Sample Premium Rates:

    The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.

     

    Regular premiums - Accumulation period



     
     

    Single premiums - Accumulation period



     

    Participation in Profits:

    Policies under this plan shall participate in profits of the Corporation. During the accumulation period policies shall be entitled to receive simple reversionary bonuses which will be payable on survival to the end of the accumulation period or on earlier death. After the accumulation period, policies will be entitled to receive a Loyalty Addition payable on maturity or earlier death. The amount of simple reversionary bonus and Loyalty Addition will depend on the experience of the Corporation.
     


Last modified date : Wed, 30 Aug 2023 11:19:08 +0000