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Home » योजना » माघारी घेण्यातआलेल्या योजना » LIC's Jeevan Tarang (Plan No. 178)
LIC's Jeevan Tarang (Plan No. 178)

Features


  • Date of Withdrawal : 01.01.2014
  • Introduction:

    This 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 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 three 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.

    Sample Premium Rates:

    The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.

    Regular premiums
    Accumulation period
    Age
    10 years
    15 years
    20 years
    Up to 40 years
    109.10
    71.40
    51.50
    41 to 45 years
    109.10
    71.40
    53.40
    46 to 50 years
    109.10
    73.80
    56.60
    51 to 55 years
    111.80
    77.90
    -
    56 to 60 years
    116.60
    -
    -
     
    Single premiums
    Accumulation period
    Age
    10 years
    15 years
    20 years
    Up to 46 years
    756.00
    644.00
    548.00
    47 years
    756.00
    644.00
    549.00
    48 years
    756.00
    644.00
    552.00
    49 years
    756.00
    644.00
    555.20
    50 years
    756.00
    644.00
    558.90
    51 to 55 years
    756.00
    644.00
    -
    56 to 60 years
    756.00
    -
    -
    Participation in Profits:

    Policies under this plan shall participate in profits of the Corporation. During the accumulation period policies shall be entitled to receive simple reversionary bonuses which will be payable on survival to the end of the accumulation period or on earlier death. After the accumulation period, policies will be entitled to receive a Loyalty Addition payable on maturity or earlier death. The amount of simple reversionary bonus and Loyalty Addition will depend on the experience of the Corporation.
     

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