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LIC: Rs 27.60 lakh will be available on depositing Rs 43 daily, know the details of the scheme

LIC is the largest insurance company in the country. LIC has one of the best plans. You get a variety of options in these plans. For example, there are some policies of LIC, in which if you want to get pension by paying a premium, then you will start getting pension immediately every month. There are also some options in which you will get the death benefit or a hefty amount on maturity. One such plan is Jeevan Umang Policy. If you deposit a small amount every month in this policy, then you will get more than Rs.27 lakhs.

Know the details of the scheme

LIC’s Jeevan Umang policy can be taken by a child of minimum 3 months and maximum age of 55 years. This policy will give you coverage till the age of 100 years. You can also get a loan under this policy. The premium paying term in this policy is 15, 20, 25 and 30 years. The Rs 27.60 lakh you will get includes guaranteed survival benefits.

How to get Rs 27.60 lakh

Under LIC Jeevan Umang policy, if you pay a monthly premium of Rs 1302, then the annual premium will be Rs 15,298. Now if a person runs the policy for 30 years, then his investment amount will be Rs 4.58 lakh. Then as per the rules, from the 31st year onwards, the investor will start getting returns every year. The annual return will be Rs 40,000. If you keep taking returns of Rs 40,000 till the age of 100 years, then the benefit amount will be Rs 27.60 lakh.

Know other benefits

Many other rider benefits are also given in LIC Jeevan Umang policy. Term rider benefit is given in case of accidental death or disability of the investor. You will get income tax exemption under 80C on the premium paid. If the investor dies during the policy term, then all the money is paid to the nominee.

Jeevan Akshay plan

LIC offers many options in its plans, in which one option is to get pension every month for life by paying a premium. The policy about which we will give you information here is LIC Jeevan Akshay plan. This plan can give you a pension of Rs 5000 per month. In LIC’s Jeevan Akshay policy, you have to pay premium only once. After this, you will continue to get a pension of about Rs 5000 every month for the rest of your life. In this policy, 10 different options are given to the customers.

Know the rest of the rules

There are certain rules for investing in LIC’s Jeevan Akshay policy. Firstly, the age of the investor should be between 30 to 85 years. A person younger or older than this cannot invest in this policy. You have to invest at least Rs 1 lakh. While there is no such limit on the maximum investment. There are two types of pension policies. Some of them get tax benefits, while some do not. You will not get tax benefit on this pension scheme of LIC.



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