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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