People in the age group of 90 days to 55 years are eligible to buy this policy.
In the current era, most people consider it better to have a policy keeping in mind the safety. Life Insurance Corporation of India (LIC) also announces new policies from time to time. In terms of future security, having a policy has also been considered essential. In such a situation, today we are going to tell you about Jeevan Umang Policy, which can prove to be a profitable deal for you and your family.
Jeevan Umang policy differs from other plans in many respects. People in the age group of 90 days to 55 years are eligible to buy this policy. Under this policy, you will continue to get returns for 100 years. It is an endowment as well as a lifelong insurance plan. After taking this plan, on the one hand, after the completion of maturity, fixed income will come in your account every month. On the other hand, after the death of the policyholder, his family members and nominee will get a lump sum amount.
Because of this, LIC Jeevan Umang Policy is in discussion among people.
Jeevan Umang Policy provides a risk free income cover to the policyholder for 100 years. Along with this, on the death of the policyholder before the age of 100, the amount of premium paid is returned to the nominee. This policy can be purchased for 15, 20, 25 or 30 years. With the completion of time, a fixed income will be given to the policyholder’s account every month.
Policyholder will have to take insurance of at least two lakh rupees
Under this policy, in case of accidental death or disability of the investor, the term rider benefit will be available. This policy is not affected by market risk. There is definitely an impact of LIC’s profits and losses on this policy. Tax exemption is also available on taking this policy under 80C. If someone wants to take a plan of Jeevan Umang Policy, then he will have to take insurance of at least two lakh rupees.