LIC Jeevan Umang Plan: If it comes to investment options today! So only one name comes first on Juba! Life Insurance Corporation of India: Yes! There is a similar option with life and! After life because it is one of the reliable investment options nowadays! If you also want to create a good fund by investing some money! Then you should invest in LIC Jeevan Umang Policy! At present this plan of LIC is being liked the most!
LIC Jeevan Umang Plan
Life Insurance Corporation of India has announced this! Many investment options are opening up in which people are taking advantage. This continues and LIC keeps making new plans. Due to which you will get more benefits as you grow older. LIC has joined millions of people and the demand for this LIC Jeevan Umang policy is also increasing.
What is LIC Jeevan Umang Plan?
LIC Jeevan Umang Plan is a non-linked, whole-life insurance policy offered by Life Insurance Corporation of India (LIC). It is a participating plan, which means it enables policyholders to participate in profit-sharing through bonuses. The plan provides financial coverage to the policyholder until the age of 100 and offers regular income in the form of annual dividends.
Key Features and Benefits
Lifelong Coverage: LIC Jeevan Umang Plan offers coverage up to the age of 100, ensuring lifelong protection for the policyholder.
Death Benefit: In case of the unfortunate demise of the policyholder during the policy term, the sum assured along with accrued bonuses is paid to the nominee. This ensures financial security for your loved ones.
Survival Benefit: Under this plan, the policyholder is entitled to receive a percentage of the sum assured as regular income from the end of the premium paying term until the policy matures. This provides a reliable source of income during retirement or any other chosen period.
Maturity Benefit: Upon surviving the policy term, the policyholder receives the sum assured along with the accrued bonuses as a lump sum amount. This can be utilized to fulfill various financial goals, such as children’s education, buying a house, or any other long-term financial requirements.
Annual Bonuses: LIC Jeevan Umang Plan participates in the profits of the corporation and qualifies for simple reversionary bonuses. These bonuses, once declared by LIC, become a part of the policy and are payable either on maturity or death.
Loan Facility: Policyholders can avail loan facility against the LIC Jeevan Umang Plan, providing them with additional liquidity in times of financial need.
Eligibility Criteria
To be eligible for LIC Jeevan Umang Plan, the following criteria must be fulfilled:
Minimum Age at Entry: 90 days (completed)
Maximum Age at Entry: 55 years
Premium Paying Term: 15, 20, 25, or 30 years
Policy Term: 100 minus the age at entry
How to Calculate Premium
The premium amount for LIC Jeevan Umang Plan depends on various factors, including the age of the policyholder, premium paying term, and the sum assured selected. To calculate the premium, you can use LIC’s premium calculator available on their official website. It provides an accurate estimate based on the specific details provided by the policyholder.
Features of LIC Jeevan Umang Policy
LIC Jeevan Umang can be availed by people between 90 days to 55 years of age.
In this, if you invest a fixed amount every month, you get a good amount in lump sum.
This is completely different from other LIC policies as it is a life insurance plan.
In this policy, a benefit of 8 percent of the sum assured is available from the time of premium payment till the age of 100 years.
LIC will get benefit up to Rs 100 in this policy
If you are 25 years old and you are buying Jeevan Umang policy for 30 years with a sum assured of Rs 6 lakh in this scheme of Life Insurance Corporation of India, then your daily income in this scheme will be Rs 54.6 lakh. A small saving of Rs. 1638 will have to be made i.e. this is the amount. Rs 1638 in a month. When you turn 55 years of age, the payout term of this policy is Rs. You will get Rs 48 thousand every year till maturity. The maturity period of this LIC Jeevan Umang policy has been set at 100 years. That means benefits will continue for 100 years!
About Life Insurance Corporation of India’s passion for life
Let us tell you that Life Insurance Corporation of India is a non-linked participating life insurance policy. If you want to secure and realize the future! So there will be no mistake in investing in this scheme! You can invest in this plan of LIC for 15, 20, 25 or 30 years. In LIC Jeevan Umang Policy, you can create a corpus of Rs 27 lakh by saving Rs 45 every day.
You will get Rs 36000 annually in LIC Jeevan Umang policy.
In this LIC Jeevan Umang policy you can get the benefit of annual income for 100 years after the premium payment time. In this scheme, you are given annual benefit at the rate of 8 percent. For example, if you are 26 years old and have purchased this policy for Rs 4.5 lakh, then you will have to collect its payments for the next 30 years. If you deposit money in Life Insurance Corporation of India for 30 years, then from the 31st year you start getting Rs 36,000 thousand annually.
