LIC Jeevan Umang Policy is an endowment plan. On maturity of this policy, you get the benefit till the age of 100 years. You can avail the benefit of Rs 3333 per month with a premium of Rs 43 per day.
By investing in LIC, you can secure your and your family’s future. Jeevan Umang Policy LIC is one such plan. In which you can get a benefit of Rs 3333 every month after 30 years by paying a premium of Rs 43 per day. Let us also tell you what are the features of this policy and what kind of benefits you can get from this policy.Also Read: With Whatsapp, you will be able to send thousands of rupees in minutes, know how to use the feature
Coverage is available up to 100 years
Jeevan Umang policy of LIC is an endowment plan. Due to which it is quite different from other policies. People from 90 days to 55 years of age can take this policy. In this policy, along with life cover, the benefit of lump sum amount is also available on maturity. After maturity, you get a fixed income every month. At the same time, after the death of the policyholder, a lump sum amount is given to the family members and the nominee. In this policy, you get coverage for 100 years.Also Read: PNB home loan offer zero processing fee documentation charges know the details
You can start with a premium of Rs 43 per day
You can start this policy with a premium of Rs 43 per day. This means that you will have to pay a premium of Rs 1302 every month. That is, in a year your premium will be Rs 15,298. If you take a policy of 30 years, then your investment will be around Rs 4.58 lakh. After which in the 31st year, you will start getting a return of Rs 3333 per month i.e. 40 thousand rupees annually. Which will continue for 100 years. If someone lives for 100 years, then he will get a benefit of about Rs 27.60 lakh.Also Read: IRCTC offers cashback discount in fares for woman passengers on rakshabandhan, see details
This thing also benefits
On the other hand, the policyholder gets many other benefits. Term rider benefit is given if a policyholder dies in an accident or becomes disabled. This policy is not affected by the volatility of the stock market. The effect of LIC’s profits and losses is definitely seen on this policy. Tax exemption is also given on taking this policy under section 80C of Income Tax. At the same time, if anyone wants to take this plan, then he will have to take insurance of at least two lakh rupees.Also Read: OPPO-JIO’s big bang – A15 3GB smartphone will get cheaper, benefit up to ₹ 7000, no cost EMI for 6 months