JeevanTarang is a Whole Life Plan from LIC of India that yields regular returns,post its maturity. Policyholder under this plan can choose an Accumulation Period of 10, 15 or 20 years, which is the tenure after which your policy matures. This policy expires when the insured turns 100 and the Sum Assured along with the Loyalty Bonus is paid to the policyholder. It is a with-profits plan that offers 5.5 % of the Sum Assured as Survival Benefit every year after the decided Accumulation Period is over.Read more
The Survival Benefit is paid to the proposer till the 100th year of his age. This policy will keep you covered for your entire life, but the maximum age limit to be covered under this policy is 100.
If you are unable to pay the premiums and want to surrender the policy after three years, you would have to select one of the following options:
Along with an array of beneficial features, LIC JeevanTarang Policy also offers a loan facility. The rate of interest for this loan is determined by LIC of India and is revised at regular intervals. Presently, the rate of interest for the loan against is 9 % p.a. and is payable half-yearly.
Disclaimer: LIC Jeevan Tarang has been withdrawn.
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ