Jeevan Tarang Policy

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
Age
10 years
15 years
20 years
Up to 40 years
109.10
71.40
51.50
41 to 45 years
109.10
71.40
53.40
46 to 50 years
109.10
73.80
56.60
51 to 55 years
111.80
77.90
56 to 60 years
116.60
Single premiums
Accumulation period
Age
10 years
15 years
20 years
Up to 46 years
756.00
644.00
548.00
47 years
756.00
644.00
549.00
48 years
756.00
644.00
552.00
49 years
756.00
644.00
555.20
50 years
756.00
644.00
558.90
51 to 55 years
756.00
644.00
56 to 60 years
756.00

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.

Source :http://licindia.in

5 Comments on "Jeevan Tarang Policy"

  1. surender singh | July 27, 2011 at 1:05 pm | Reply

    my policy no.-49472024 plz let me know, how much lump sum amount i will get after accumulation period of 20 yrs ? and how much amount i will get yearly ?.

  2. PREM KAMAL SINGHA | July 16, 2011 at 8:33 am | Reply

    sir,
    my policy no.-492766645, plz let me know, how much lump sum amount i will get after accumulation period of 20 yrs ? and how much amount i will get yearly ?.

    warm regds
    prem kamal singha

  3. harish chander | May 24, 2011 at 12:56 pm | Reply

    my self happy harish chandar from jalandhar. my policy no.:- 473128531. plz send my lic enquiry

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