Jeevan Tarang

The plan is a combination of Whole life and Moneyback plan. The policy provides for annual survival benefit at a rate of 5.5% of the Sum Assured for lifetime after the chosen Accumulation Period. Under this policy, Life cover is available upto age 100.

Accumulation Period
The plan offers three Accumulation periods – 10, 15 and 20 years. During this period the policy accrues the bonus.

Survival Benefits: the survival benefits are paid at the end of the selected accumulation period. It also includes the bonus amount. After the completion of the accumulation period 5.5% of the Sum Assured is payable every year.

Maturity Benefit: 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.

Death Benefit: The Sum Assured, along with bonuses is payable in case of death of the Life Assured during the Accumulation Period.

Accident Benefit Rider Option (Allowed for Regular Premium policies only):Accident Benefit Option will be available on payment of additional premium. 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.

Critical Illness Rider Option:An amount equal to Critical Illness Rider Sum Assured will be payable in case of diagnosis of defined categories of critical illnesses during the Accumulation Period. The maximum cover for this rider will be Rs.5 lakh.

Premium Waiver Benefit Option under Critical Illness Rider: This is an optional benefit under Regular Premium policies, which may be opted in case of the following: (i) The critical illness rider has been opted for, and (ii) The Sum Assured under the Basic Plan is equal to the Critical Illness Rider Sum Assured (iii) The chosen Accumulation Period is such that the premium payment ceases on or before the policy anniversary at which the Life Assured completes 60 years (nearest birthday) of age. All three optional rider benefits mentioned above shall be available during Accumulation Period only.

Participation in profits
Policies under this plan shall participate in profits of the Corporation, which will be payable on survival to the end of the Accumulation Period or on earlier death. After the Accumulation Period, policies will be entitled to receive a Loyalty Addition payable on maturity or earlier death


Min Max
Entry Age 0 years (nearest birthday) 60 years (nearest birthday)
Minimum Sum Assured Rs.1,00,000/- No Limit
Mode of Payment Max Premium Age Policy Loan Available
Single, Yearly, half Yearly, Quarterly, Monthly and SSS 70 years Yes

Loan facility is available under this plan. However, the rate of interest would be determined from time to time by the Corporation. Presently, the rate of interest is 9 % pa payable half-yearly.

Grace period
A grace period of one calendar month but not less than 30 days will be allowed for payment of yearly or half yearly or quarterly premiums. A grace period of 15 days will be allowed for payment of monthly premiums.

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