Jeevan Tarang - profit for 3 generations

Jeevan Tarang is a unique plan using which a policy holder can earn money upto the 100 years of hos age. But using the features of this policy three people including the policy holder can enjoy the benefits. How? We can see that.


In Jeevan Tarang the policy holder gets the bonus amount as his survival benefit after the completion of the accumulation period. After that he gets 5 1/2 % of the sum assured every year. And  if he survives until the age of 100 he will get the sum assured. If he dies before the age of 100 his nominee will get the sum assured. Now how we can split the profits between three generations?

If the proposer is a major and if he has a child instead of taking the policy in hos name he should take the policy in his child's name. That means he should be a proposer and his child should be the policy holder. Upon the completion of the accumulation period the bonus amount will be returned by LIC. This can be enjoyed by the proposer. After this a 5 1/2% return will be made by the LIC until the survival of the child. This can be enjoyed by both the child and the proposer. At the 18 years of the child the policy is automatically vested to the child and the he becomes the policy holder. Now the policy holder can put his child as the nominee go the policy. Therefore upon the death of this policy holder the sum assured will be given to his child. This is  awesome plan in this way. It worth more than what you pay. Isn't it.

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