LIC’s Jeevan Tarang Plan No 178:
Premium Ceasing Age : 70 Premium Ceasing Term : 20
LIC’s Jeevan Tarang Plan (Plan No. 178) is a whole of life plan, which provides for annual survival
benefit at a rate of 5½ % of the Sum Assured for life time after the chosen Accumulation Period.The plan
offers three Accumulation periods – 10, 15 and 20 years.
a) The vested simple reversionary bonuses will be payable in one lump sum on survival to the end of the
selected Accumulation Period.
b) 5½% of the Sum Assured will be payable on survival to the end of each year after the Accumulation
Period. The first survival benefit will be payable on survival to one year after the Accumulation Period is over.
The Sum Assured along with Loyalty Addition, if any, will be payable on survival of the life assured to the
policy anniversary coinciding with or immediately following the completion of 100 years of age.
a) The Sum Assured, along with vested reversionary bonuses is payable in case of death of the Life Assured
during the Accumulation Period.
In case of death before commencement of risk when the Life Assured is aged less than or equal to 12 years,
the premiums paid will be returned without any interest. There will be no death benefit either for the Basic
Sum Assured or for simple reversionary bonuses since, in such cases, the risk for life cover commences after
2 years from the date of taking of the policy or from the policy anniversary coinciding with or immediately
following the date on which life assured completes 7 years of age, whichever is later.
b) The Sum Assured along with Loyalty Addition, if any is payable in case of death of the Life Assured any
time after the Accumulation Period.
Riders (available during the Accumulation Period only)
Accident Benefit Rider Option:
Accident Benefit Option will be available under the plan by the payment of additional premium. Accident
Benefit Rider shall be available for an amount not exceeding the Sum Assured.This benefit is available under
Regular Premium policies only and it is not available under Single Premium policies.
Term Assurance Rider Option:
Term assurance as optional rider will be available under this plan during the Accumulation Period. The
premiums for this option are payable during the premium paying term and an amount equal to term
assurance sum assured will be payable on death during the Accumulation Period.
Critical Illness Rider Option:
An amount equal to Critical Illness Rider Sum Assured will be payable in case of diagnosis of defined.
Critical Illness Rider:
Ages at entry: 18 years (completed) to 50 years (nearest birthday)
Maximum age at which premium payment ceases: 60 years (nearest birthday)
Age up to which rider cover available: 60 years (nearest birthday)
Premium paying terms: Single Premium and, in case of regular premiums, equal to the accumulation period,
i.e. 10, 15 and 20 years
Sum Assured: An amount equal to the sum assured under Basic Plan subject to a minimum Sum Assured of
Rs.50,000/- and a maximum of Rs.5 lakh overall limit taking all critical illness riders under all existing policies
of the life assured and the critical illness rider option under the new proposal into consideration. The Sum
Assured can be in multiples of Rs.10,000/-.
Availability of Rider: During chosen accumulation period.
Loan: Loan facility is available under this plan.
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