LIC JEEVAN UMANG 

Buy all in one plan, Call: 9480240513 to buy LIC All in one plan

 

LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on the death of the policyholder during the policy term. This plan is very popular as the sum assured starts from Rs. 2,00,000/-.

 

 

 

 

 

LIC JEEVAN UMANG plan is available to all Indians, Non-Resident Indians, OCI, PIO etc.

To buy the LIC Jeevan Umang plan, call 9480240513.

 

 

 

LIC Jeevan Umang Plan features:

• This plan has Insurance, Investment, Tax savings, Pension and whole-life benefits
• 8% guaranteed of Sum Assured every year tax-free as survival benefits
• Best plan for all who want to have insurance and cash flow every year
• This plan has almost all the benefits  a life insurance policy should have
• Add-on Riders like Accidental Benefit Riders, Term Riders and Critical Illness Riders are available.
• All premiums paid under this plan are exempted under section 80C of the Income Tax Act 1962 (Consider Tax Slab)
• The maturity amount is tax-free under 10 (10D)

The basic requirements are:

• • Minimum Basic Sum Assured: Rs. 2,00,000
  • Maximum Basic Sum Assured: No limit
  • (The Basic Sum Assured shall be in multiples of Rs. 25,000/-.)
  • Premium Paying Term: 15, 20, 25 and 30 years
  • Policy Term : (100 – age at entry) years
  • Minimum Age at entry: 90 days (completed)
  • Maximum Age at entry: 55 years (nearer birthday)
  • Minimum Age at the end of the premium paying term: 30 years (nearer birthday)
  • Maximum Age at the end of the premium paying term: 70 years (nearer birthday)
  • Age at maturity: 100 years (nearer birthday)

Survival & Maturity Benefits 

• • On successful completion of the premium paying term (PPT), Every year, 8% of the Basic Sum Assured will be paid as survival benefits

Death Benefits :

• • If death happens before the commencement of risk, all premiums paid, excluding taxes, will be paid to the nominee as a death claim.
  • If death happens after the commencement of risk, then the basic sum assured + Bonus + FAB will be paid to the nominee as a death claim.

Riders available under the LIC Jeevan Umang plan are: 

• • LIC Accidental Death and Disability Benefit Rider
  • LIC Accident Benefit Rider
  • LIC New Term Assurance Rider
  • LIC New Critical Illness Benefit Rider
  • LIC Premium Waiver Benefit Rider

FAQ on LIC JEEVAN UMANG

Can NRI, and OCI buy LIC Jeevan Umang plan?

This plan is available to all Indians living in India, and Indians living abroad like NRI, OCIs, PIOs, etc. 

Can I buy an LIC Jeevan Umang plan for my child?

Yes, parents can buy this policy for their child as a lifelong gift.

Can I discontinue the LIC Jeevan Umang Plan after 5 years?

Yes, this policy can be discontinued after 5 years. The special surrender value may be less than the total premiums paid. 

What are the returns under this plan?

After the completion of the premium paying term of the policy, 8% of the sum assured would be paid every year.

Can I buy more than one LIC Jeevan Umang plan?

Any number of Jeevan Umang can be purchased, provided all existing life Insurance details are submitted to the Insurance company for underwriting requirements.

What is the maximum sum assured under the LIC Jeevan Umang plan?

There is no maximum sum assured under this plan.