LIC Jeevan Umang Although there are many such policies of LIC which are very popular among the customers, but here we are going to tell you about the Jeevan Umang policy. In this you can get 36 thousand rupees every year by depositing 45 rupees.
LIC Jeevan Umang: Whenever it comes to buying an insurance policy, most people choose Life Insurance Corporation of India (LIC). LIC is very popular because of its reach to customers and variety of schemes. If you are looking for an investment plan with high returns in low investment, then you can choose LIC Jeevan Umang Policy. In this, along with getting annual money, you also get maturity benefits.
If you are young and want to earn good profits by investing less money, then consider LIC’s Jeevan Umang policy. You get good returns in this too. By depositing just Rs 1400 every month, a capital of Rs 25 lakh is ready with you. If you calculate according to this, then you have to invest only 47 rupees daily in this policy. 25 lakh will be received on maturity.
Maturity benefit along with pension
If you are looking for a pension scheme, then LIC’s Jeevan Umang is a better option. Suppose, if you are 26 years old and you buy Jeevan Umag policy for an insurance cover of Rs 4.5 lakh, you will have to pay around Rs 1,350 per month. Calculating accordingly, your annual premium will be Rs 15,882. After 30 years your premium payment will be Rs 47,6460. If you have paid the premium for 30 consecutive years, then you will start getting a pension of Rs 36,000 every year from the 31st year. Not only this, this money will be available as long as you are alive.
Other benefits of LIC Jeevan Umang policy
- If you buy this policy, you get tax exemption under section 80C of the Income Tax Act.
- The basic sum assured under LIC Jeevan Umang is Rs 2 lakh.
- If the policyholder dies before the age of 100 years, then all the money will be given to the nominee.
- If the nominee wants, he can take the money in lump sum or in installments.
- If the policyholder survives to the age of 100 or till the end of the premium paying term, he is also paid a survival benefit equal to 8 percent of the Basic Sum Assured every year.
