LIC Jeevan Tarang

LIC Jeevan Tarang is a withdrawn plan and is no longer available for sale. LIC Jeevan Tarang policy is a participating whole-life policy offered by the LIC of India. The plan combines the benefits of life insurance and a savings plan and provides a lump sum payment on death. 

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6.7 Crore
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LIC Jeevan Tarang- An Overview

LIC Jeevan Tarang is a unique life insurance plan from LIC that offers life insurance and savings benefits. With a limited premium payment term and guaranteed survival benefits after the chosen accumulation period, it provides financial security and helps you build a corpus for the future. The plan pays the sum assured along with Loyalty Additions, if any, payable on survival to age 100 years or earlier death.

Key Features of LIC Jeevan Tarang

  • Participating Plan: Policyholders can participate in LIC's profits, leading to bonus additions that enhance the policy's value over time.

  • Whole Life Cover: The policy offers lifelong coverage, ensuring financial protection for your loved ones even in your later years.

  • Guaranteed Survival Benefits: Policyholders receive guaranteed survival benefits at regular intervals after the chosen accumulation period (10 to 25 years), providing a steady income stream in their later years.

  • Loyalty Additions: Upon maturity or earlier death, the policyholder receives additional loyalty bonuses, increasing the payout.

  • Tax Benefits: Premiums paid qualify for deductions under Section 80C of the Income Tax Act, 1961. Additionally, the death benefit is exempt from income tax under Section 10(10D) of the same act.

Eligibility Criteria of Jeevan Tarang Plan 178

Min. age of entry 0
Max. age of entry 60 years
Max. age of maturity 100 years
Min. age when the accumulation period ends 18 years
Age during completion of premium payment term 70 years
Min. sum assured INR 1 lakh
Max. sum assured No upper limit

Benefits of LIC Jeevan Tarang

The benefits offered by the LIC Jeevan Tarang policy are discussed in brief below-

    • Death Benefits-

If the Life Assured passes away during the Accumulation Period, the Sum Assured, along with accrued reversionary bonuses, will be disbursed. If the Life Assured passes away at any time after the Accumulation Period, the Sum Assured, along with any Loyalty Addition, will be paid out.

    • Maturity Benefits-

When the policyholder survives their hundredth birthday, the policy will offer a maturity benefit, which is an accumulation of the amount that has been assured and applicable loyalty additions.

    • Survival Benefits-

If the Life Assured survives until the end of the chosen accumulation period, vested, reversionary bonuses will be disbursed in a lump sum. Furthermore, for each subsequent year following the accumulation period, 5½% of the Sum Assured will be paid out. The initial survival benefit will be granted upon surviving one year after the culmination of the accumulation period.

Key Exclusions of LIC Jeevan Tarang

If the person insured takes their own life within one year from the start of this policy, the coverage becomes void. Whether the person was mentally sound or not at the time doesn't matter. In such cases, the insurance company won't consider any claims, unless a third party with a genuine interest in the policy, who has paid for it and informed the office where premiums were last paid, gives notice in writing at least one month before the insured person's death.


  • Q: What is the minimum sum assured under the LIC Jeevan Tarang plan?

    Ans: The minimum amount to be assured for this plan is one lakh rupees, and after that, it has to be in multiples of five thousand rupees.
  • Q: Will there be a grace period allowed for the LIC Jeevan Tarang plan?

    Ans: This plan allows for a grace period of thirty days for premium payments that go through annually, half-yearly, and quarterly. The grace period available for premiums paid monthly is fifteen days.
  • Q: Is there a provision for a loan under the LIC Jeevan Tarang plan?

    Ans: Yes, the customer or the policyholder can avail of a loan based on this plan. It is to be noted by the customer that the interest rate can be revised from period to period by the insurance provider.
  • Q: How can one revive the LIC Jeevan Tarang policy?

    Ans: The customer can revive this policy provided that the Corporation finds evidence regarding the continuation of the policy. The policy can be revived before the expiry of the phase of accumulation and within the first five years from the deadline of the first premium that has been left unpaid. The Corporation has the right to revise the applicable interest rate from period to period.
  • Q: Is there a cooling-off period available for the LIC Jeevan Tarang policy?

    Ans: The customer can return the policy, when found the terms and conditions to be unsatisfactory, to the Corporation within the first fifteen days of the policy tenure. The Corporation also has the right to ask for appropriate reasons from the customer.
  • Q: Are the loyalty additions provided under the LIC Jeevan Tarang policy pledged?

    Ans: The loyalty additions provided by this plan are subject to the Corporation’s experience of the profit and are not pledged.
  • Q: What are the riders available under the LIC Jeevan Tarang policy?

    Ans: This policy offers four kinds of riders that can be availed by the customer during the phase of accumulation. They are listed as follows-
    • Rider for accidental death (benefit)
    • A term rider
    • Rider for critical illness

*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:-
++Returns are 10 years returns of Nifty 100 Index benchmark

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