LIC Jeevan Umang Policy: Jeevan Umang Policy of LIC is an endowment plan, in which you get insurance as well as amount on maturity. Know about this policy.
LIC Jeevan Umang Policy
The country’s largest government insurance company LIC has different insurance policies according to the needs of all types of customers. There is one such scheme of LIC named Jeevan Umang Policy which is an endowment plan. In Jeevan Umang policy, you get the amount on maturity along with the insurance. By investing in these policies, you can secure the future of yourself and your family.
Features of LIC Jeevan Umang Policy
LIC Jeevan Umang Policy is an endowment plan. This policy is different from other schemes in many respects. People from 90 days to 55 years of age can take this policy. In this, along with life cover, a lump sum amount is available on maturity.
Fixed income will come into your account every year after maturity. If the policyholder dies, his family members and nominee will get the lump sum amount. Another feature of this scheme is that it provides coverage till the age of 100 years.
Will get a total of Rs 27.60 lakh
If you pay a premium of Rs 1302 every month in this policy, then in a year this amount comes to Rs 15,298. If this policy is run for 30 years, then the total premium amount paid is about Rs 4.58 lakh. On your investment, the company will start getting a return of 40 thousand rupees every year from the 31st year of investment.
If you take a return of 40 thousand annually from the 31st year of investment to the age of 100, then you get a total amount of about Rs 27.60 lakh
Term rider benefits
Under LIC Jeevan Umang Policy, term rider benefit is also available in case of accidental death or disability of the investor. This policy is not affected by market risk. There is definitely an impact of LIC’s profits and losses on this policy.
Tax exemption is also available on taking this policy under section 80C of Income Tax. Insurance of a minimum of two lakh rupees is mandatory for taking the plan of LIC Jeevan Umang Policy.