The Jeevan Umang plan from LIC gives your family both income and protection. From the end of the premium-paying period until maturity, this plan offers yearly survival benefits. It also offers a lump sum payment at maturity or in the event of the policyholder’s passing during the policy term.
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Additionally, this plan uses a lending facility to address any liquidity needs.
LIC Jeevan Umang Plan: Features
The plan also provides a lump sum amount as a maturity benefit at the end of the policy term, if the insured survives.
The annual survival benefits under this LIC plan begin at the conclusion of the premium payment period and continue until maturity.
LIC Jeevan Umnag Plan: Eligibility
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The entry Age for the LIC Jeevan Umang Plan is 90 days and a maximum of 55 years.
Policy Term: 100 years- Age at entry
The minimum sum assured in this plan is Rs 2,00,000 and the maximum is no limit.
LIC Jeevan Umang Plan: Calculator
For instance, a 30-year-old buys the policy and invests Rs 5,000 monthly. Let’s assume he/she is looking for the following coverage then quarterly he/she will have to invest Rs 15,000 or yearly Rs 50,000:
Sum Assured – Rs. 10,00,000
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Policy Term – (100 minus 30 years) = 70 years
Premium Paying Term – 20 years
