LIC Jeevan Tarang Policy

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<h1>LIC Jeevan Tarang Policy</h1><strong> Author: <a href='http://www.articleseen.com/profile_Vishal Verma.aspx'>Vishal Verma</a></strong><br /><p>Jeevan Tarang is a Whole Life plan offered by life insurance. Jeevan Tarang offers Life Insurance Coverage from the day you become a nominee for the policy till your age is 100 years. This policy provides many advantages like in case of survival benefit, the vested simple reversionary bonuses will be payable in a lump sum on survival to the end of the selected Accumulation Period. Moreover 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 will also be allocated in which Sum Assured along-with Loyalty Addition will be payable on survival of the life assured. 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 the premiums paid will be returned without any interest. The Sum Assured along with Loyalty Addition, if any is payable in case of death of the Life Assured anytime after the Accumulation Period. Jeevan Tarang also offers benefit in terms of Accident Benefit Rider option this benefit will be allocated for an amount not exceeding the Sum Assured. Mostly this benefit is applicable for Regular polices and not for Single policies. Term Assurance Rider option is also available in this plan, in which premiums are allocated during the premium paying term and an amount equal to term assurance sum assured will be payable on death during the Accumulation Period. In terms of Sum Assured an amount under Basic plan which is subjected to a minimum of Rs.50,000/- and a maximum of Rs.5 lakh overall limit taking all critical illness riders under existing policies. 90% of the total amount of premiums will be paid before the commencement of risk and 90% of the total premiums before commencement of risk and 30% of premiums paid after the commencement risk are allocated. This plan 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 allocated 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. Under Jeevan Tarang 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. Jeevan Tarang offers maturity profit in which on survival to the end of each year after the accumulation period: 5½% of the Sum Assured will be owed. The first survival benefit will be payable on survival to one year after the end of the accumulation period. </p><strong>About the Author:</strong><br />Visit website for more information about to <a rel="nofollow" href="http://www.lifeinsurancechandigarh.com/life-insurance-plans-whole-life-plans-jeevan-tarang.html">jeevan tarang</a> <p> Article Source: <a href='http://www.articleseen.com/Article_LIC-Jeevan-Tarang-Policy_115001.aspx'> http://www.articleseen.com/Article_LIC Jeevan Tarang Policy_115001.aspx</a></p>

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Category : Finance : Insurance