Benefits and Features of LIC’s Jeevan Tarang Policy (Table no. 178)

Jeevan Tarang Policy is a Whole Life Plan with a Bonus facility offered by Life Insurance Corporation, one of India’s most trusted insurers. Under this innovative plan, policyholders are required to pay the premiums for a pre-determined Accumulation Period, which is usually for a span of 10, 15, or 20 years.

Read more
Benefits of LIC Plans
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
High returns market link plans
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow your wealth with LIC
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

After the end of the Accumulation Period, the vested Bonus is paid out in a Lump sum and the policy continues. Every year, as soon as the Accumulation Period ends, 5 and ½ % of the Sum Assured is paid as Survival Benefit. Moreover, the SA (Sum Assured) along with the loyalty additions are payable till the survival age of 100 years or on the earlier demise. 

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

Jeevan Tarang Policy – Key Features 

Here are the key features of Jeevan Tarang:

  • The minimum sum assured is Rs.1,00,000

  • There is no limit on the maximum sum assured

  • The Premium Paying Term is for 10, 15, or 20 years

  • The premium can be paid yearly, quarterly, half-yearly, and monthly

  • Death Benefit is payable as Sum Assured + accrued Bonus + Loyalty Additions if any

  • 5½ % of the Sum Assured is paid out as the Survival Benefit every year after the Accumulation Period

  • Simple Reversionary Bonus is payable on maturity or earlier death

  • This LIC plan comes with three basic riders: Accidental Death Benefit rider, Term assurance Rider, and Critical Illness rider

  • These policies also participate in the insurer’s profits

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Jeevan Tarang Policy - Eligibility Criteria

The eligibility criteria for the plan are given below:

Minimum entry age  0 
Maximum entry age 60 years
Maximum maturity age 100 years
Age (Minimum) at the end of the Accumulation Period 18 years
Age for completion of Premium Payment Term 70 years
Term for paying the premium Policy Term minus 3 years
Minimum sum assured amount Rs. 1,00,000
Maximum sum assured No Upper Limit

Jeevan Tarang Policy - Benefits 

If you avail of LIC’s Jeevan Tarang, you’ll be able to avail of the following benefits:

  1. Maturity Benefit

    The Whole Life Plan matures when the Life Insured is 100 years old. Thus, if the Life Insured survives till the age of 100 years, then the entire Sum Assured + Loyalty Bonus is paid out and the policy terminates.

  2. Death Benefit 

    In case of death of the Life Insured

    • During the Accumulation Period- Sum Assured + vested Bonus is paid and the policy is terminated 

    • After the Accumulation Period- Sum Assured + Loyalty Addition is paid and the policy gets terminated 

  3. Survival Benefit

    If the life assured outlives the selective accumulation period, then a vested reversionary bonus will be payable in a lump sum. 

    Upon the survival of the life assured at the end of each year of the accumulated time, 5 ½ % of the Sum Assured is paid out as the Survival Benefit every year. The first survival benefit is payable if the assured survives one year before the termination of the accumulated period. 

  4. Income Tax Benefit

    Under this life insurance policy, all premiums paid are exempted from tax deduction as per Section 80 C and maturity benefits are also exempted from tax under Section 10 (10D).

  5. Rider Benefits 

    During the Accumulation Phase, the policyholder can avail the following 4 Riders:

    • Accidental Death Benefit Rider- This rider can be opted by paying the additional premium which is available for an amount that is not exceeding the SA under the base policy subjected to the final limit of Rs. 50,00,00. In case of accidental death of the life assured, the accidental benefit sum assured will be payable along with the death benefit as a lump sum. And in case of accidental disability because of the accident that occurs within 180 days from the accident date, the accidental benefit SA will be payable for 10 years in monthly installments till the death or maturity of the policy. The future due premium payments are waived off under this plan.

    The eligibility criteria for Accident benefit riders are: 

    • Entry Age – 18 – 60 years 

    • Age up to the life coverage is available – 70 years 

    • Age (minimum) at the end of the accumulation time – 18 years 

    • Premium payment modes – Yearly/Half-yearly/quarterly/Monthly/Single Premium/SSS

    There are other riders also available under this plan which are, 

    • Term Rider

    • Critical Illness rider

    • Premium Waiver Benefit for Critical Illness rider

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Policy Details 

  1. Grace Period 

    The policy offers a grace period of 30 days for yearly, half-yearly, and quarterly payment of premiums and 15 days for the monthly premium payment. 

  2. Loan 

    The policy is available with the loan facility. The determination of the rate of interest is made from time to time by the insurance company. Currently, the rate of interest is 9 percent annually for half-yearly. 

  3. Cooling off period 

    If in case, a policyholder is not satisfied with the terms and conditions of the policy, there is an option to return the policy to the insurer within 15 days. 

  4. Revival

    In this, the revival of the lapsed policy is possible during the policyholder’s lifetime but before the expiry date of the accumulation time within 5 years from the due date of the 1st unpaid premium amounts. 

  5. Rebate 

    The yearly mode of rebate – 2% of tabular premium 

    The half-yearly mode of rebate – 1% of the tabular premium 

    Rebates on High SA for a yearly premium 

    Rs. 1.25% for the SA for Rs. 2 lakh and above 

    Rs. 2.25% for the SA for Rs. 5 lakh and above 

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


Exclusions 

The plan shall be invalid If the policyholder commits suicide at any time or after the date on which the policy risk has been initiated but before the expiry of 1 year from the date of starting of risk under the policy. In such situations, the insurance company will not make any claim toward the policy.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
Need guidance? Ask here
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Anmol Jeevan
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
LIC Amritbaal Premium Calculator

29 Mar 2024

LIC Amritbaal Premium and Maturity Calculator is an online tool
Read more
LIC New Endowment Plan Maturity and Premium Calculator

04 Mar 2024

LIC's New Endowment Plan premium and maturity calculator allows
Read more
LIC Amritbaal

22 Feb 2024

LIC Amritbaal is a newly launched plan specially designed to
Read more
Benefits of LIC Jeevan Amar

13 Feb 2024

LIC Jeevan Amar is a term insurance policy offered by the LIC of
Read more
LIC Jeevan Azad Calculator

12 Feb 2024

LIC Jeevan Azad Calculator is an online tool that allows
Read more
10 Best LIC Plans to Invest in 2024
Since 1956, LIC of India has offered several policies that combine insurance protection with wealth accumulation
Read more
How to Check the Maturity Amount of LIC Policies?
The LIC maturity value is the amount payable to the policyholder upon the completion of the policy term. LIC
Read more
LIC Online Premium Payment
The LIC Online Payment by Policybazaar enables policyholders to pay their insurance premiums online at their
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL