LIC Jeevan Umang Policy 2023: Life insurance company LIC brings great policies for its customers from time to time. You can secure yourself and your family’s future by investing in these schemes. Similarly, LIC has a special plan called Jeevan Umang Policy, in which you can get good returns by investing. Let us know in detail about this policy of LIC.
LIC’s Jeevan Umang Policy
Jeevan Umang policy is available for anyone between the age of 90 days to 55 years. It is a long-term investment policy. In this, you get the benefit of savings along with life insurance. On completion of the maturity period, a fixed amount is deposited in the customer’s account every year. After the death of the policyholder, a lump sum payment will be paid to the family members of the policyholder and the nominee. Another advantage of this plan is that it covers you for up to 100 years.
If you pay Rs 44 daily or Rs 1302 monthly premium in Jeevan Umang policy, you will pay Rs 15298 in a year. If you keep this policy for 30 years, then the money will be around Rs 4.58 lakh. From the 31st year the company will give you a return of Rs 40000 on your investment every year. If you take a return of Rs 40000 annually between 31 and 100 years, you will get around Rs 27.60 lakh.
Other Benefits of LIC Jeevan Umang Plan
Term rider benefit is also available under the policy in case of accidental death or disability of the investor. Market risk has no bearing on this policy. LIC’s revenue and losses have a clear bearing on this policy. This policy is eligible for tax exemption under Section 80C of the Internal Revenue Code. If someone wants to take LIC Jeevan Umang policy, then he has to be insured for at least Rs 2 lakh.