Jeevan Umang Policy: Those taking Jeevan Umang policy of LIC get life insurance cover for 100 years. By investing in this scheme, you can secure the future of yourself and your family.
Life Insurance Corporation of India (LIC), the country’s largest government insurance company, offers many types of plans to its customers. Due to good returns and safe investment, lakhs of people of the country invest their money in the schemes of LIC. If you are also planning to invest in any scheme of LIC for a long time, then you can choose Jeevan Umang Policy. Jeevan Umang Policy is an endowment plan. By investing in this scheme, you can secure the future of yourself and your family.
Who can buy the policy
Those taking LIC’s Jeevan Umang policy get life insurance cover for 100 years. People from 90 days to 55 years of age can buy this plan. After the maturity of this policy, a fixed amount keeps coming every year in the account of the policyholder. If a policyholder dies, the entire amount is paid in lump sum to his nominee.
tax exemption
You can invest in Jeevan Umang policy for 15, 20, 25 or 30 years. If the policyholder dies in an accident or becomes disabled, then he is also provided with a term rider under the UMANG policy. Also, those investing in this scheme also get tax exemption.
Those investing in Jeevan Umang policy are exempted from tax under Section 80C of Income Tax. If you want to take Jeevan Umang policy, then you have to take insurance of at least two lakh rupees.
You will get a return of Rs 36 lakh
If a person buys a Jeevan Umang policy at the age of 26 and pays premium for 30 years for an insurance cover of Rs 4.5 lakh, you will have to pay Rs 1350 per month. In this way, you have to save 45 rupees daily for this scheme investment.
In this case, your premium will be Rs 15882 in a year and your premium payment in 30 years will be Rs 47,6460. In this way, LIC will start depositing 36 thousand rupees as return every year from the 31st year on your investment. In this way, from the 31st year to the age of 100, a return of Rs 36,000 will be available every year.
