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PLAN - 178 LIC'S JEEVAN TARANG (WITH PROFIT) W.E.F. 17/3/2006 |
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| INSURANCE TYPE |
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WHOLE OF LIFE PLAN |
| MINIMUM AGE ENTRY |
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0 YEARS |
| MAXIMUM AGE ENTRY |
|
60 YEARS NBD |
| ACCUMULATION PERIOD |
|
10,15 AND 20 YEARS |
| MAX. PREMIUM CEASING AGE |
|
70 YEARS NBD |
| LIFE COVER AVAILABLE |
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UP TO AGE 100 YEARS (COMPLETED) |
| MIN. AGE AT THE END OF ACCUMULATION PERIOD |
|
18 YEARS (COMPLETED) |
| MODE |
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SINGLE PREM., YLY, HLY, QLY, MLY, SSS |
| MINIMUM SUM ASSURED |
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Rs. 1 Lakh (thereafter in multiples of Rs.5000) |
| MAXIMUM SUM ASSURED |
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DOI (DEPENDS ON INCOME) |
| AGE PROOF |
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STANDERD / NON-STANDARD (WR) |
| DAB |
|
YES (during accumulation period) |
| TERM RIDER |
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YES (during accumulation period) |
| CRITICAL ILLNESS RIDER |
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YES (during accumulation period) |
| POLICY LOAN |
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YES |
| MODE REBATE |
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YLY 2%, HLY 1%, MLY 5% EXTRA |
| HIGH S.A. REBATES |
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For Regular Premium :
Rs. 1.25%0 S.A. for S.A. Rs. 2 lakh & over
Rs. 2.25%0 S.A. for S.A. Rs. 5 lakh & over
For Single Premium:
Rs. 7.50%0 S.A. for S.A. Rs. 2 lakh & over
Rs. 12.50%0 S.A. for S.A. Rs. 5 lakh & over |
| CEIS REBATE |
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2% of the Single Premium
5% of Regular premium for PPT: 10 yrs
10% of Regular premium for PPT: 15 & 20 yrs |
| NON-MEDICAL |
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GENERAL : YES, SPECIAL:YES |
| FEMALE |
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CATEGORY : I, II & III (with restriction) |
| MINOR LIVES |
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Age entry upto 10 years
Completed: No medical/Special reports age entry greater than 10 years
Completed: Medical + Special reports based on SUC |
| PAID - UP VALUE |
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AFTER 3 YEARS |
| GUARANTEED S.V. |
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(A) DURING ACCUMULATION PERIOD: |
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* for Single Premium policies : after 1 year 90% of S.P. excluding all rider / extra prem. Plus cash value of vested bonuses (if any)
* for Regular Premium policies: after 3 years 30% of the total amount of Premiums paid excluding first year premium & extra prem. If the age at entry of the L.A. is less than or equal to 12 years, the GSV will be:
* Bofore commencement of risk: 90% of the total premiums paid (excluding first year & extra prem.)
* After commencement of risk: 90% of the total premiums (excluding first year & extra premium) paid before commencement of risk and 30% of premiums paid (excluding any extras) after the commencement of risk. |
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(B) AFTER ACCULUMULATION PERIOD: 85% OF THE BASIC S.A. |
| REVIVAL |
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YES |
| BACK DATING |
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YES |
| FORM NO |
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300 , 340, 360 |
| BENEFITS |
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| (A) SURVIVAL BENEFITS |
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1. At the end of accumulation period: Vested Bonus |
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2. 5 ½ % of the S.A. will be payable on survival to the end of each year after the accumulation period |
| (B) MATURITY BENEFITS |
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On completion of 100 years of age
S.A. + Loyalty Addition |
| (C) DEATH BENEFITS |
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During Accumulation period
S.A. + Vested Bonus |
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After the Accumulation period
S.A. + Loyalty Addition
Life Assured is aged less than or equal to 12 years:
Return of Premiums paid without any interest. |
