Jeevan Umang
This plan offers an attractive combination of protection and savings. Protection against death & payment of lump sum at the end of the selected policy term.
Policy Benefits as per your Savings
Jeevan Umang Plan is Ideal for – Retirement Plan & Child’s Future
Save ₹2000 per Month
- TERM: 30 Years
- BENEFITS: RS. 60,000/Year (₹ 5,000 per Month)
- GET RS. 60,000 PER ANNUM FROM AGE (55-100)
- GET LUMPSUM AMOUNT OF RS. 60,56,250/- AT AGE 100
- FULL LIFE COVER AFTER END OF POLICY TERM, TILL AGE 100
- IDEAL FOR RETIREMENT PLAN & CHILD’S FUTURE
Save ₹4000 per Month
- TERM: 30 Years
- BENEFITS: RS. 1,22,000/Year (₹ 10,166 per Month)
- GET RS. 1,22,000 PER ANNUM FROM AGE (55-100)
- GET LUMPSUM AMOUNT OF RS. 1,23,14,375/- AT AGE 100
- FULL LIFE COVER AFTER END OF POLICY TERM, TILL AGE 100
- IDEAL FOR RETIREMENT PLAN & CHILD’S FUTURE
Save ₹8000 per Month
- TERM: 30 Years
- BENEFITS: RS. 2,46,000/Year (₹ 20,500 per Month)
- GET RS. 2,46,000 PER ANNUM FROM AGE (55-100)
- GET LUMPSUM AMOUNT OF RS. 2,48,30,625/- AT AGE 100
- FULL LIFE COVER AFTER END OF POLICY TERM, TILL AGE 100
- IDEAL FOR RETIREMENT PLAN & CHILD’S FUTURE
Policy Details
Policy Type: Investment Plan
Policy Information:
LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on the death of the policyholder during the policy term.
In addition, this plan also takes care of liquidity needs through a loan facility.
Policy Highlights:
- Minimum Basic Sum Assured: 2,00,000/-
- Maximum Basic Sum Assured: No Limit
- Policy Term: (100 – Age Entry)
- Minimum Entry Age: 0 ( 90 days)
- Maximum Entry Age:
| 55 Years | Nearest Birthday | For Premium paying Term | 15 |
| 50 Years | Nearest Birthday | For Premium paying Term | 20 |
| 45 Years | Nearest Birthday | For Premium paying Term | 25 |
| 40 Years | Nearest Birthday | For Premium paying Term | 30 |
- Minimum Age at the end of premium paying Term: 30 years (Nearest birthday)
- Maximum Age at the end of premium paying Term: 70 years (Nearest birthday)
- Mode of Premium Payment: Yearly, Half-yearly, Quarterly & Monthly
- Accidental Death & Disability Benefit Rider is available on payment of additional premium.
Policy Benefits:
• On Death during the policy term:
“Sum Assured + Vested Bonus + FAB if any.”
• Where ‘Sum Assured on Death’ is defined as the higher of 125% of Basic Sum Assured. OR 7 times of annualised premium.
• This death benefit shall not be less than 105% of all the premiums paid as on date of death.
• The premiums mentioned above exclude service tax, extra premium and rider premiums if any.
• On death of policyholder at any time after policy term: Basic Sum Assured
• On Survival: On survival Basic Sum Assured + Vested Bonus + FAB if any.
• Surrendered Value: The Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid.
Loan on Policy:
- Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefits:
- Premium paid under this plan is eligible for TAX rebate under section 80c.
- Maturity under this plan is free under sec 10(10D)
Book Policy Online
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5 Easy steps – Policy Booking Process
Now purchasing LIC policy is easy and online! Fill the Contact Form. Our dedicated LIC Agents will guide you through the process.
Fill the 'Book Policy Online' Form
Fill the ‘Book Policy Online’ form by providing your necessary information & select the policy.
Our LIC Agent will call you
Our dedicated LIC Agent will call you & guide you in selecting the right policy as per your needs.
Form Filling & Document Verification
Our LIC Agent will fill the form for you. Document Verification will be done online. Or you can visit our LIC Branch for document verification.
Pay the First installment of premium
Pay the first instalment of your policy premium to the LIC Bank account. Our Agent will verify your payment and send you the payment receipt.
Your Policy is registered!
After the successful payment, your policy will be registered & you will receive the policy documentation from LIC.
Enjoy the policy benefits!
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