LIC: This policy can be taken by people from 90 days to 55 years of age. This is an endowment plan. In this, along with life cover, a lump sum amount is available on maturity. Under this policy, term rider benefit is also available in case of accidental death or disability of the investor. This policy is not affected by market risk.
New Delhi. If you are also planning to invest in LIC policy, then today we will tell you about one such policy. LIC Jeevan Umang is a whole life insurance plan. Jeevan Umang policy is different from other schemes in many respects. People from 90 days to 55 years of age can take this policy. This is an endowment plan. In this, along with life cover, a lump sum amount is available on maturity.
Fixed income will come into your account every year after maturity. On the other hand, after the death of the policyholder, his family members and the nominee will get the lump sum amount. Another feature of this scheme is that it provides coverage up to 100 years.
You will get an amount of 27.60 lakhs in
LIC Jeevan Umang, if you pay a premium of Rs 1302 every month, then in a year this amount is Rs 15,298. If this policy is run for 30 years, then the amount increases to about Rs 4.58 lakh. The company starts giving you a return of 40 thousand every year from the 31st year on your investment. If you take a return of 40 thousand annually for 31 years to 100 years, you get an amount of about Rs 27.60 lakh.
Tax exemption is also available under this policy
Under this policy, term rider benefit is also available in case of accidental death or disability of the investor. This policy is not affected by market risk. LIC’s profits and losses definitely have an effect on this policy. Tax exemption is also available on taking this policy under section 80C of Income Tax. If someone wants to take a plan of Jeevan Umang Policy, then he will have to take insurance of at least two lakh rupees.
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