Showing posts with label Jeevan Tarang. Show all posts
Showing posts with label Jeevan Tarang. Show all posts

Lic Beema Products

1. Endowment (Plan no:333)

2. Money Back (Plan no: 334, 335, 336, 337 and 339)

3. Child Plans (Plan no: 340 & 341)

4. Jeevan Anand (Plan no: 342 )


5. Bima Kiran (Plan no: 344 )

6. Jeevan Tarang (Plan no: 345 )


7. Jeevan Amulya (Plan no: 346 )

8. Jeevan Aastha (Plan no: 347 and 348 )

9. Children's Endowment Plan (Plan no: 349 )

10. Jeevan Saral (Plan no: 350 )

11. Jeevan Vidhya (Plan no: 352 )


12. Jeevan Shree (Plan no: 353 )

13. ENDOWMENT MICRO INSURANCE (Plan No. 354 )

14. MICRO (SINGLE TERM ) INSURANCE (Plan No. 355 )

15. JEEVAN MADHUR / MANGAL Group Insurance(Plan No.801/851 )

Lic Beema Jeevan Tarang Plan


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


Jeevan Tarang Plan (Pension)

Details 

Minimum entry age: 15 year 

Maximum entry age: 65 years 

Term: 10 to 20 years 

Minimum Sum Assured: 100,000/- 

Then after in multiple of 10,000/- 

Maximum Sum Assured: 100,000,000/- 

Mode of Payment :

          1) Yearly, 

          2) Half Yearly

          3) Quarterly  

Lone: 2 Years After
          
Riders: Accidental Benefit

Jeevan Tarang Plan No.345

Accident Terms And Conditions

  • If incase the insured dies from accident the nominee will receive the Sum-assured Amount + Bonus + Accident Benifit.

Suicide Insurance Terms And Conditions

  • If the insured commits suicide within two years from the start of policy the S.A is not payable. 
  • After two years of payment if the insured commits suicide the S.A is given.