LIC Jeevan Tarang

LIC Jeevan Tarang is a whole life benefit plan that offers annual survival benefit at the rate of 51/2% of the sum assured after the chosen accumulation period. It is a companion plan, which means the policyholder gets dividends along with his sum assured.

*Main characteristics*

Whole Life Benefits
*Annual Survival Benefit
Dividend
Three accumulation periods: 10, 15 and 20 years
Single premium or regular premium payment
Many types of riders available

*Benefit*

Death Benefit: On the death of the policyholder, the sum assured including dividends is paid.
*Survival Benefit: After the accumulation period, the policyholder gets an annual survival benefit at the rate of 51/2% of the sum assured.
Dividends: During the policy term, the policyholder receives dividends.

*Ability*

Minimum Age: 18 years (last birthday)
*Maximum Age: 70 years (nearest birthday)
Minimum Sum Assured: ₹1,00,000
*Maximum Sum Assured: No limit

*Premium*

The amount of premium depends on the age of the policyholder, sum assured and accumulation period.

*Rider*

There are many types of riders available with LIC Jeevan Tarang, such as:

Accidental Death Benefit Rider
Term Insurance Rider
Critical Illness Rider

*conclusion*

LIC Jeevan Tarang is a good plan that offers death benefit, survival benefit and dividends to the policyholder. It is a companion plan, which means the policyholder gets dividends along with his sum assured. This plan is suitable for those looking for a whole life benefit plan that also includes dividends.