LIC Policy: This LIC policy is a non-linked, participating, life assurance plan. In this, after the end of the premium term along with death benefits, the benefit of survival benefit is available till maturity.
A large number of people in the country trust the government company LIC i.e. Life Insurance Corporation to buy life insurance. There are many such plans in LIC which not only provide the benefit of insurance to the investors but also give good returns. One such plan is LIC Jeevan Umang, whose benefits investors get throughout their life and also get benefits on maturity.
What is LIC’s Jeevan Umang?
LIC’s Jeevan Umang is a non-linked, participating, life assurance plan. It provides security to your family along with income. The specialty of this policy is that when the premium payment period ends, you will get the benefit of survival benefit till maturity. At the same time, a lump sum payment will be paid by LIC to the policyholder on maturity and death.
How to get profit of Rs 48,000 every year in Rs 55
If someone at the age of 25 takes LIC’s Jeevan Umang Plan with a sum assured of Rs 6 lakh for a term of 30 years. So he will have to pay a premium of Rs 1638 every month i.e. Rs 54.6 per day. After the payment term of the policy ends at the age of 55, he will get Rs 48,000 every year till maturity. On maturity, an amount of Rs 28 lakh including sum assured and bonus will be given to the insured. The maturity age in this scheme is 100 years. That means you will get maturity benefit even at the age of 100 years.
What is death benefit?
Death benefit is also included in this plan. If the policyholder dies during the policy term, the policyholder’s nominee will receive the benefit of the Sum Assured along with Reversionary Bonus and Final Additional Bonus. The death benefit can never be less than 105 percent of the premium paid on behalf of the insured. Tax is not included in the premium.
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