Invest Rs 1300 and get Rs 63 lakh under LIC’s Jeevan Umang Policy; know details here

New Delhi: Under LIC’s Jeevan Umang Policy, you can get Rs 63 lakh by investing only Rs 1302. The benefit of this policy can be availed by 3 months old baby to 55 years old person.

Under this policy, if you invest Rs 1302 per month, you get Rs 15,624 per year. If you keep Rs 15,624 for 30 years, the total investment will be Rs 4,68,720. The annual return will be Rs 40,000 after 30 years. If you calculate the return up to 100 years and if you do 70 years on Rs 40,000, it becomes Rs 28 lakh. The total benefit under this policy will be Rs 23,41,060. In addition, the policy covers up to 100 years, so if a person reaches the age of 101, he will get Rs 62.95 lakh.

Features of LIC Jeevan Umang Plan

  • The plan offers the combined benefits of regular income and insurance coverage
  • The plan offers an option to choose from different premium paying tenure i.e 15 years, 20 years, 25 years, and 30 years.
  • The plan offers coverage for the whole life of the policy holder i.e. upto 100 years
  • LIC Jeevan Umang policy offers benefits of the simple reversionary bonus plan a final additional bonus if any.
  • 8 percent return on life insurance each year for life

According to the LIC, the scheme offers annual benefits from the last year of the premium to the age of 99 and a lump sum payment to the family after the premium expires or the policyholder dies during the term of the policy.

The premium amount of this policy will be 25000 or its multiples available with 15, 20, 25, 30 years options. It includes life insurance protection for life with no need to pay any separate premium.

 Click on Life Insurance Corporation of India – LICs Jeevan Umang (licindia.in) for more information on this policy.

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