Lic Beema Jeevan Tarang Plan

LIC Jeevan Tarang Plan No.345

In this plan, the premium is paid for the Accumulation Period that is chosen by the policyholder of 10, 15 or 20 years. When the Accumulation Period ends, i.e. the Premium Paying Term is over, the vested Bonus is paid in a Lumpsum and the policy continues.

Every year, after the Accumulation Period ends, 5 % of the Sum Assured is paid as Survival Benefit till the Life Insured is 100 years old. If the Life Insured survives till 100 years, then the entire Sum Assured is paid and the policy is terminated.

However, if the Life Insured dies within the accumulation period, then Sum Assured + Vested Bonus + Accidental benefit is paid and the policy is terminated. If the Life Insured dies after the accumulation period but before 100 years of age, then Sum Assured is paid and the policy is terminated.

Key Features of LIC Jeevan Tarang Policy

• This plan is a Whole Life Plan with regular annual returns postmaturity
• Premium is paid till the Accumulation Period only and not after that.
• Death Benefit is Sum Assured + accrued Bonus + Accidental benefit any,
• 5 % of the Sum Assured is paid as Survival Benefit every year post Accumulation Period.
• Simple Reversionary Bonus is payable on maturity or earlier death.
• Additional Accidental Death Benefit rider, Term Rider only.
• The policy once matured it will cover Accidental benefit for age up to 70 years. 
• As this is a whole life insurance so if the person dies after 70 years the nominee will get the Sum-Assured.

 Jeevan Tarang Policy - Documents Required

Here are the vital documents that you would require to apply for Jeevan Tarang:
• Application or proposal form
• Passport size photograph
• Address proof
• Age proof
• Medical reports