Jeevan Rekha

LIC Jeevan Rekha Plan Table No 152:

Premium Ceasing Age : 100 Premium Ceasing Term : 0
Plan Highlights
Features
LIC’s Jeevan Rekha is a combination of the Whole Life Plan and the Money Back Plan. The plan offers high bonus, is highly liquid and is savings oriented. Also the premium under the plan is moderate.
This policy not only makes provisions for the family of the life assured in the event of his early death but also assures a lump sum at a desired age. The lump sum can be reinvested to provide an annuity during the remainder of his life or in any other way considered suitable at that time.
Special Features
A policy under this plan can be dated back within the same financial year. There will be no allowance for lean months. The rate of interest applicable will be as for Table 14.
Benefits
Accident Benefit:
Accident Benefit is available up to a maximum of Rs.10 lakh. This is inclusive of the maximum limit of Rs 10 lakh placed under other life insurance plans. Premiums for accident benefit are quoted separately for various ages at entry and premium paying terms.
Survival Benefits:
Ten percent of the basic Sum Assured will be payable to the life assured on survival after every five years from the date of commencement.
A policy under this plan will acquire paid-up value after at least 3 full years’ premiums have been paid. The policy will continue as single premium without profit whole life policy for the sum assured which will be arrived at by applying single premium equal to higher of the guaranteed surrender value and special surrender value as declared by the Corporation from time to time, based on the age nearer birthday at the date of lapse. Existing Bonus additions, if any, will remain attached to the paid-up policy, provided the policy has been in force for at least 5 years.
Death Benefits:
Sum Assured along with vested Bonuses are payable on death of the life assured whenever it occurs, irrespective of survival benefits paid already.
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LIC Jeevan Tarang

LIC’s Jeevan Tarang Plan No 178:

Premium Ceasing Age : 70 Premium Ceasing Term : 20

Plan Highlights:

LIC’s Jeevan Tarang Plan (Plan No. 178) is a whole of life plan, which provides for annual survival
benefit at a rate of 5½ % of the Sum Assured for life time after the chosen Accumulation Period.The plan
offers three Accumulation periods – 10, 15 and 20 years.
Benefits
Survival Benefits:
a) The vested simple reversionary bonuses will be payable in one lump sum on survival to the end of the
selected Accumulation Period.
b) 5½% of the Sum Assured will be payable on survival to the end of each year after the Accumulation
Period. The first survival benefit will be payable on survival to one year after the Accumulation Period is over.
Maturity Benefit:
The Sum Assured along with Loyalty Addition, if any, will be payable on survival of the life assured to the
policy anniversary coinciding with or immediately following the completion of 100 years of age.
Death Benefits:
a) The Sum Assured, along with vested reversionary bonuses is payable in case of death of the Life Assured
during the Accumulation Period.
In case of death before commencement of risk when the Life Assured is aged less than or equal to 12 years,
the premiums paid will be returned without any interest. There will be no death benefit either for the Basic
Sum Assured or for simple reversionary bonuses since, in such cases, the risk for life cover commences after
2 years from the date of taking of the policy or from the policy anniversary coinciding with or immediately
following the date on which life assured completes 7 years of age, whichever is later.
b) The Sum Assured along with Loyalty Addition, if any is payable in case of death of the Life Assured any
time after the Accumulation Period.
Riders (available during the Accumulation Period only)
Accident Benefit Rider Option:
Accident Benefit Option will be available under the plan by the payment of additional premium. Accident
Benefit Rider shall be available for an amount not exceeding the Sum Assured.This benefit is available under
Regular Premium policies only and it is not available under Single Premium policies.
Term Assurance Rider Option:
Term assurance as optional rider will be available under this plan during the Accumulation Period. The
premiums for this option are payable during the premium paying term and an amount equal to term
assurance sum assured will be payable on death during the Accumulation Period.
Critical Illness Rider Option:
An amount equal to Critical Illness Rider Sum Assured will be payable in case of diagnosis of defined.

Critical Illness Rider:
Ages at entry: 18 years (completed) to 50 years (nearest birthday)
Maximum age at which premium payment ceases: 60 years (nearest birthday)
Age up to which rider cover available: 60 years (nearest birthday)
Premium paying terms: Single Premium and, in case of regular premiums, equal to the accumulation period,
i.e. 10, 15 and 20 years
Sum Assured: An amount equal to the sum assured under Basic Plan subject to a minimum Sum Assured of
Rs.50,000/- and a maximum of Rs.5 lakh overall limit taking all critical illness riders under all existing policies
of the life assured and the critical illness rider option under the new proposal into consideration. The Sum
Assured can be in multiples of Rs.10,000/-.
Availability of Rider: During chosen accumulation period.
Loan: Loan facility is available under this plan.

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LIC Whole Life Plans

LIC’s Whole Life Plans: In Whole Life Insurance Plans premium term is limited but risk cover is continue till death means life time risk cover. We never knows our death period. So this plan gives you whole life risk cover with low premium until death. U have a lot of options in this kind of Life Insurance policies. Your nominees are also get benefits after your death/ u can also withdrwal your money whenever your needs.

Find here Our Most Popular LIC ‘s Whole Life Policies Features/ Benefits:

• Jeevan Anand*
• Jeevan Tarang
• Jeevan Rekha*
• Whole Life Without Profit Plan
• Whole Life With Profit Plan
• The Whole Life Policy Single Premium

Ask to our Authorised Experts Insurance Consultant/ Agent for Detail Charts/ Presentations/ Various kind of options availble in this Plan. Write your Reviews or compare with any other private insurance company online here for getting cheapest new latest Whole Life Plans.

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