Lic Jeevan Umang Yojana: Jeevan Umang policy is an endowment policy. In this scheme, you get the benefit of security along with income. You can invest in this policy for 15, 20, 25, or 30 years.
Most people trust India’s largest insurance company LIC. It is seen as a safe investment. LIC brings many schemes for its customers from time to time. One of these is LIC Jeevan Umang Policy.
Jeevan Umang policy is an endowment policy. In this scheme, you get the benefit of security along with income. You can invest in this policy for 15, 20, 25, or 30 years. Know here all the things related to the policy from LIC’s Chief Advisor Deepti Bhargava.
Life insurance for up to 100 years
This policy is different from other schemes. Under this policy, all persons between the age of 90 days to 55 years can take benefits. In this, you get the amount on maturity along with the life cover. Also, on completion of the maturity period, a fixed income starts coming into your bank account. If the person dies in the meantime, a lump sum amount is given to his family members and nominee. The biggest feature of this plan is that here you get coverage up to 100 years of age.
Get 36000 annually
Through this policy of LIC, you can get the benefit of annual income for 100 years after the premium payment term. In this, you are given 8 percent amount of the plan taken annually. Suppose you are 26 years old and you buy Jeevan Umang policy for an insurance cover of Rs 4.5 lakh. So you have to deposit a premium in it for 30 years. If you pay the full premium for 30 years, then from the 31st year you will start getting Rs 36,000 annually at 8%.
These are also the benefits of the policy
- In LIC Jeevan Umang Policy, you are covered under term rider, in case of death or disability of the policyholder.
- If the policyholder dies before the age of 100 years, then all the money will be given to the nominee. For this, the policyholder can take the amount in a lump sum or in installments, at his convenience.
- You also get an exemption in this policy under section 80C of income tax. This policy is not affected by market risks.
- Under Jeevan Umang Policy (LIC Jeevan Umang Policy), it is mandatory for you to take minimum insurance of Rs 2 lakh in insurance.
- If the policyholder survives to the age of 100 or till the end of the premium-paying term, he is paid a survival benefit equal to 8 percent of the Basic Sum Assured every year.
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