LIC Jeevan Umang is a comprehensive life insurance plan that provides lifetime income and financial security.
The plan provides life cover to the policyholder for up to 100 years and pays regular income as well as death benefits.
Key Features of LIC Jeevan Umang
Lifetime Income- The plan provides regular income for a lifetime.
Death Benefit- A fixed sum is payable to the nominee on the death of the policyholder.
Loan Facility- The loan facility is available after three years of the policy term.
Tax Benefits- Premiums paid under the plan are eligible for tax exemption under Section 80C and 10 (10D) of the Income Tax Act, 1969.
Investment Options
LIC Jeevan Umang offers two investment options-
Option 1- Receive a guaranteed annual income for a lifetime.
Option 2- Receive a guaranteed annual income for a lifetime and get a lump sum payment at the end of the policy term.
If you invest Rs 55 per day in LIC Jeevan Umang (Option 1), you can get an annual income of Rs 48,000 for a lifetime.
Benefits for Children
LIC Jeevan Umang offers a special benefit for parents who want to secure their children’s future. By investing in this plan for your child, you can provide them with regular income from the age of 30.
Premium Payment Options
The premium payment options for LIC Jeevan Umang include yearly, half-yearly, quarterly, or monthly. You can choose any option at your convenience.
Investment Calculation
The investment amount required for LIC Jeevan Umang depends on your desired pension amount and your life expectancy. An LIC agent can calculate the most suitable plan for you based on your circumstances.
LIC Jeevan Umang is a comprehensive life insurance plan that provides lifetime income and financial security.
This plan is a sensible investment option for your future. Consider consulting your local LIC agent to understand the specific terms and conditions and choose the plan that best suits your needs.
Additional Information
Under LIC Jeevan Umang Plan you can increase your pension amount by paying additional premiums.
Before investing in the LIC Jeevan Umang Plan, it is advisable to consult a professional financial advisor.
For more information about LIC Jeevan Umang Plan, you can contact your local LIC office or visit the official website of LIC.