What does LIC's Jeevan Tarang Offer you?
Cash value of bonus on the full sum insured + Annual Installments @ 5.5% of the sum insured up to your 100 years of age + Sum Insured whenever you are not alive instead of annual installments, without any deduction towards installments already paid + Loyalty Addition if any, on your surviving the premium payment term you have chosen (10 or 15 or 20 years),
Sum Insured + Bonus accrued in case you do not outlive the premium payment term you have chosen ( 10 or 15 or 20 years)
Loan against surrender value at 9.00% per annum simple interest,
Additional sum equal to face value but not exceeding Rs 50 Lakhs in case of fatal accident against a small extra,
Premium waiver in addition to the above accident benefit in case of Total and Permanent Disability due to Accident against a small extra,
Term Cover Rider against extra
Why Should You Invest On LIC's Jeevan Tarang?
Under this plan, your nominee is assured of the face value of the policy on your death whenever it occurs within your 100 years of age. Your premium payment however is limited only for the term chosen (10 or 15 or 20 years).
You are assured of a regular annual income as long as you are alive up to a maximum of 100 years of age, once you outlive the premium payment term you have chosen. By going for LIC's Jeevan Tarang every month, you can reduce the frequency of annual installments to monthly also.
From income-tax point of value also, you stand to gain quite a bit through LIC's Jeevan Tarang investment. While the premium paid qualifies for Section 80 C benefit within the overall limit of Rs 1 Lakh per annum allowed for various savings, annual installments received as above are free from income-tax, since they are nothing but settlement options on the sum insured exercised by you. In other words, under LIC's Jeevan Tarang, you are assured of a tax-free annuity @5.5% of the sum you have insured for rest of your life, once you outlive the PPT chosen.
Bonus available before commencement of Annuity can be profitably invested to fetch you income additional to annuity installments available under the plan.
Policy loans available under the plan offer you additional investment facilities without affecting any of the policy privileges.
These are some of the prominent reasons why you should invest on LIC's Jeevan Tarang as much as you can.
How long you need to Invest on LIC's Jeevan Tarang?
How long you need to Invest on LIC's Jeevan Tarang?
10 or 15 or 20 years ceasing at death, if it occurs early.
What are the Modes of Investment available under LIC's Jeevan Tarang?
Single, Yearly, Half-yearly or quarterly or monthly.
Want to know more about LIC's Jeevan Tarang or want to invest on the plan?
Call us at 9899307833 / 9811362697 or write us at everyoneinusred@gmail.com
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