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This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5 and the half % of the Sum Assured after the chosen Accumulation Period.
LIC's Jeevan Tarang
INTRODUCTION: This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5 and the half % 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 t h r e e 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. A premium paying term of 6 years for all accumulation periods i.e. 10, 15 and 20 years under this plan is also allowed.
