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LIC Jeevan Umang policy can invest 26 lakh rupees a day, 26 lakhs, know the whole plan

LIC Jeevan Umang policy : It is considered safe to invest in Life Insurance Corporation of India (LIC). LIC is one of the most trusted and largest insurance company in the country. If you are planning to invest in a policy of LIC, then you can choose ‘Jeevan Umang’. The biggest feature of this policy is

It is considered safe to invest in Life Insurance Corporation of India (LIC). LIC is one of the most trusted and largest insurance company in the country. If you are planning to invest in a policy of LIC, then you can choose ‘Jeevan Umang’.

The biggest feature of this policy is that the policyholder gets a cover till the age of 100 years. On maturity or on the death of the policyholder, his family is given a lump sum. People from 90 days to 55 years of age can invest in it.




The premium paying term ie PPT is fixed for 15, 20, 25 and 30 years. By the end of the premium, all installments have been paid, so the policy holder is guaranteed a minimum amount. 8 per cent of life insurance returns are for a lifetime. Small investment in this policy provides money for life.

You can invest Rs 28 daily in this policy, you can get a return of Rs 26,16,250, understand by example: –

Age: 20

Term: 79

PPT: 25

AD and DAB: 250000

Death Sum Assured: 250000

Basic Sum Assured: 250000

First Year Premium with 4.5% Tax: –

Annual: 10568 (10113 + 455)

Half Yearly: 5337 (5107 + 230)

Quarterly: 2694 (2578 + 116)

Monthly: 898 (859 + 39)

YLV Mode Average Premium / Daily: 28

With 2.25% tax after first year premium: –

Annual: 10341 (10113 + 228)

Half yearly: 5222 (5107 + 115)

Quarterly: 2636 (2578 + 58)

Monthly: 878 (859 + 19)

YLV mode average premium / per day : 28

Total Estimated Premium Payable: 2,58,752

Estimated Return from 45 to 100 years of age or till lifetime survival: Rs 20,000

Estimated Return till Survival of 100 years

SA: 25,00,00

Total Bonus: 23,66,250

Estimated Return till 100 years of age: 26,16,250

Suppose a person who is 20 years of age and opts for the 25 year premium paying term plan (79 years term) option, will have to pay a total premium of 2,58,752. During this time period, the policyholder will get a total estimated return of Rs 26,16,250 on investing Rs 28 daily. After paying the premium for 25 years, from the age of 45, 8% of this amount will be given every year for lifetime, which will be Rs 20,000 annually.

Also Read: Is your LIC policy closed, will get 30 percent discount on resume

 

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