LIC Jeevan Tarang
LIC’s Jeevan Tarang Plan No 178:
| Term | Age | Sum Assured | |
| Minimum | 10 | 0 | 100000 |
| Maximum | 20 | 60 | No Limits |
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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Tags: Guarnteed Money Back Policy, Jeevan Tarang, LIC Jeevan Tarang, LIC Money Back+Whole Life Policy, LIC of India, LIC Plan No 178, LIC Table No 178, Money Back Plans, Money Back+Whole Life Plan, Whole Life Plans
Jeevan Tarang | admin December 10, 2009
14 Comments
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Inquiry
Thank you.
By shilpa, March 22, 2010 @ 12:30 am
what is simple reversionary bonus ? how it is calculated?
PL.GIVE EXAMPLE FOR R.B. & FOR understanding the plan?
By Nishita Vishwas Talekar, April 2, 2010 @ 12:26 pm
We required this policy for 15 years term Rs.5 lacs sum assured Proposer 39 years & kid age 5 years
By Manish, October 13, 2010 @ 11:14 am
Hi
can I please have illustration for Jeevan Tarang
I am 28 yrs old and can invest upto 25K yearly, looking for max term of 20-25 yrs
By Mahendra Hiralal Kolhe, December 27, 2010 @ 11:56 am
jeevan tarang 178/20 pension plan at the age of 43,summation value 15 lacs
By Mahendra Hiralal Kolhe, December 27, 2010 @ 11:58 am
15 LACS,JEEVAN TARANG 178/20,PENSION PLAN,DATE OF BIRTH 01.10.1967,CELL 9422014344,PUNE
By Purushottam Band, May 30, 2011 @ 9:27 am
If I policy select Jeevan tarang plan 178 10 10 what will be the benefit after 10 year policy period complete . please inform to me
By admin, June 4, 2011 @ 10:14 am
Kindly Provide the Sum Assured, Premium amount etc. to generate your maturity value. If you go for 2,00,000/- Sum Assured with 10 years term you will get Rs.80,000/- after complition of 10 years & 10,000/- every year till death after 10th years. It means 5.5% of your sum assured.
By hemant, September 20, 2011 @ 11:54 am
Hello I am age of 42 yrs. 09/09/1969, would like to policy of 20 lakhs jeevan tarang for 20 yrs terms. could pls send me chart to have an idea…abt maturity amount and returns.
what is simple reversionary bonus ? how it is calculated?
PL.GIVE EXAMPLE FOR R.B. & FOR understanding the plan.
By subhash, November 20, 2011 @ 12:28 pm
I AM 38 YEARS OLD I WANT TO PURCHASE LIC JEEVAN TARANG POLICY FOR 15 YEAR SUM ASSURED 2 LAC WHAT IS THE PREMIUM.
By dipak ingle, March 31, 2012 @ 4:26 pm
Hello I am age of 38 yrs. would like to policy of 20 lakhs jeevan tarang for 20 yrs terms. could pls send me chart to have an idea…abt maturity amount and returns.
what is simple reversionary bonus ? how it is calculated?
PL.GIVE EXAMPLE FOR R.B. & FOR understanding the plan.
By arun Kumar Mondal, April 2, 2012 @ 10:45 pm
I am 32 years, yearly 60000/- want to invest in jeevan tarang policy for 15 years. What is the sunassured & after 15 years how much get return & also yearly ? Please know.
By admin, April 23, 2012 @ 6:09 pm
You will apply for 9 lakh sum assured with YLY premium of Rs.60,950/- for 15 yrs. After 15 yrs you will get Rs.6,21,000 & Rs.49,500/- every year till death.
By admin, April 23, 2012 @ 6:12 pm
Your Prmium is Rs. 96440/- per year for Rs. 20 Lakh sum assured for 20 yrs term. After 20 yrs you will gets Rs.19,20,000/- & Rs.1,10,000/- every year till death.
By H.Prince Kumar, June 9, 2012 @ 11:28 pm
Hai I have a jeevan Tarang policy of sum assured 7,50,000.00 Rs.
My premium amount is 40,035.00 Rs half yearly.I started on 25-01-2007,Now i am 41 years old.I paid 11 premium upto now.Its 10 years plan.How much the maturity amount with bonus i will get &How much i will get yearly pension up to my death also after my death how much i will get with loyality addition to my nominee.Please Let me Know..