LIC’s Jeevan Umang policy is a special savings plan for keeping your money safe and secure.
When you pay your monthly payment, you get money back every year to help you, and you’ll get even more money when the plan is finished.
Loan Option: Helping with Your Immediate Money Needs
This policy can also provide you with money when you need it urgently through a loan facility.
Benefits When the Policy Ends: To Keep You Safe
If you keep the policy until the end, you will receive a big sum of money, like a savings reward, to make your future more secure.
Who Can Join and How Long Does It Last: Suitable for All
Anyone from 90 days old to 55 years can start this plan, and it can last up to 100 years.
Sum Assured: You Decide
You can choose the amount of money you want to insure, with a minimum of Rs 2,00,000, and there’s no highest limit.
Example: How the Plan Works
Let’s look at an example. Rajesh is 30 years old. He saves Rs 5,000 every month. His guaranteed amount is Rs 10,00,000.
He’s committed to this plan for 70 years, and he’ll be paying the premiums for 20 years.
Important Information: LIC Jeevan Umang Policy
| Number | Description | Details |
|---|---|---|
| 1 | entry age | 90 days – 55 years |
| 2 | policy term | 100 years |
| 3 | premium payment period | 20 years |
| 4 | Minimum Sum Assured | ₹ 2,00,000 |
| 5 | maximum sum insured | No limits |
| 6 | loan facility | Available |
| 7 | annual survival benefit | After premium payment period |
| 8 | lump sum maturity benefit | At the end of the policy term |
LIC Jeevan Umang is a good choice for both saving money and staying financially secure.
