## Is LIC Jeevan Tarang a good policy?

LIC Jeevan Tarang Plan is a with-profits, whole of life plan. The plan provides annual survival benefits at the rate of 5Â½ \% of the Sum Assured after the policy owner chooses an Accumulation Period….Key Features of LIC Jeevan Tarang Plan.

Plan type Whole life insurance plan.
Policy term Whole life insurance

What are the benefits of Jeevan Tarang plan 178?

Here are the key features of Jeevan Tarang:

• The minimum sum assured is Rs.
• 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.

What is the surrender value of Jeevan Tarang policy?

During Accumulation Period, Guaranteed Surrender Value = (30\% of all premiums paid – 1st year’s premium) after 3 policy years for Regular Premiums and (90\% of Single Premium) after 1 policy year. After Accumulation Period, Guaranteed Surrender Value = 85\% of basic Sum Assured.

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### How is surrender value of LIC Jeevan Tarang policy calculator?

Formula for calculating the Paid-Up Value is:Paid-Up Value = (Number of premiums paid / Total number of premiums payable) * Original Sum Assured. Take the Surrender Value – Surrender Value is the amount you receive at time of surrendering the policy.

How much commission does an LIC agent get?

Though, Agents earn the commission for the policies they sale. LIC offers 25\% to 35\% commission on the policy premium for the first year, then 7.5\% for 2nd & 3rd Year + 5\% till the policy maturity.

How is LIC maturity amount calculated?

The basic format is Sum Assured + Bonuses + Final Additional Bonus (if declared). An example for calculation demonstration: Mr Z buys a policy of Sum Assured 15 Lakh with a term of 20 years. The insurance company includes Bonuses and Final Additional Bonus in the maturity value as per their company policy.

## How is Jeevan Tarang policy calculated?

For example, if the sum assured is Rs. 10,00,000 and the declared bonus is Rs. 49 the bonus amount added to that policy account for that particular year will be 10,00,000 * 49/1000 = 49,000.

How can reduce sum assured in LIC policy?

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The following list of documents may be requested by LIC depending upon the type of alteration you need:

1. A written request for the alteration required along with the reason for change.
2. An appropriate application form.
3. Quotation fee for the alteration required.
4. Original policy document provided at the time of policy issue.

Can I transfer my LIC agency to another person?

You have to contact your present branch and give your request letter for the transfer of your required branch. You have to submit the proof of residence of new place in which you want to transfer. Regards.

### How can I check my LIC policy status?

Procedure to Check Policy Status Online (for Registered Users):

1. Open the LIC India website and click on Customer Portal located underneath Online Services.
2. It will redirect to the login page where you should select the Registered User option.

What is loyalty addition in LIC Jeevan Tarang?

Loyalty addition rates for LIC’s Jeevan Tarang Plan As it is a one time payment, the rates declared will be applicable for the particular year of exit only. As per the 2019 march valuation the loyalty addition rates declared is Rs 60 per 1000 sum assured for the period up to death of 15 years and above.

What is Jeevan Tarang plan in LIC?

LIC Jeevan Tarang Plan is a Whole Life Plan with Bonus facility. In this plan, the premium is paid for the Accumulation Period that is chosen by the policyholder of 10, 15 or 20 years. When the Accumulation Period ends, i.e. the Premium Paying Term is over, the vested Bonus is paid in a Lumpsum and the policy continues.

## What are the features of Jeevan Tarang(178)?

LIC’s Jeevan Tarang (178) Details with calculators. 1 Salient Features. Jeevan Tarang is a whole life plan, which provides annual survival benefits for life, after the accumulation period, at a rate of 5.5\% of the sum assured. 2 Income Tax benefits – Plan 178. This plan follows Exempt-Exempt-Exempt model of taxation. 3 Example of benefits.

Is Jeevan Tarang taxable?

Unlike the annuity payments in pension plans (with are taxable), the payments from Jeevan Tarang enjoys tax benefits even though the payments received are similar to annuities. Death Benefit: Death benefit is also exempted from income tax as in other insurance plans.

What is orderjeevan Tarang policy?

Jeevan Tarang Policy (Table no. 178) is a whole Life Plan with Bonus facility offered by Life Insurance Corporation, one of India’s most trusted insurers.