Tuesday 10 January 2012

Jeevan Tarang (178)

Policy key features:
                This is one of the very novel plans of LIC.  This is a whole life plan which provides annual survival benefits at the rate of 5.5% of the Sum Assured (Policy Amount) for the life time after one year from the chosen accumulation period.  Therefore for 5 lacs an amount of Rs. 27,500/- will be returned every year.
                Policy can be paid as regular premiums under Yearly, Half yearly, Quarterly and Monthly.  This policy has a special feature so that the policy paying term can be reduced to 6 years.  Premium can also be paid as single premium .
Note:  Accident benefit cannot be availed under single premium

Benefits:
Survival Benefits:
Bonus will be paid in one lumpsum and at the end of the policy term and after one year, 5.5% of the Sum Assured will be payable till the 100 years of the Life Assured.  This is the highlight of this plan that can make a person’s  retirement period safe and secured.

Maturity Benefits:
                Sum Assured along with Loyalty Addition, if any will be payable to the policy holder during his 100 years of age.

Death Benefits:
è Sum Assured +vested Bonus is payable in case of death of the Life Assured during policy term (accumulation period).
è Sum Assured + Loyalty Addition, if any, is payable if Life Assured dies any time after policy term.

1 comment:

  1. Amazing post. Protect your family with or after you, visit to learn more about us, click LIC India Insurance

    ReplyDelete