City
Epaper

Know All About LIC Jeevan Umang Policy: Deposit as little as Rs 44 get Rs 27.60 lakh

By Lokmat English Desk | Published: November 24, 2022 10:52 AM

Open in App
1 / 8
LIC offers fantastic deals to its consumers. You may secure your and your family's future by investing in these plans. In this case, LIC has a special scheme called Jeevan Umang Policy, in which you can invest and get significant returns.
2 / 8
The Jeevan Umang policy differs from previous programs. This coverage is available to anyone aged 90 days to 55 years. This is a long-term investment strategy. Along with life insurance, a lump sum payment is provided at maturity.
3 / 8
After maturity, a yearly fixed income will be deposited into your account. The lump sum payment will be paid to the policyholder's family members and nominee after the policyholder's death.
4 / 8
Another benefit of this plan is that it covers you for up to 100 years.
5 / 8
If you pay a monthly premium of Rs 1302 on this policy, you will pay Rs 15,298 in a year. If you keep this policy for 30 years, the money will be around Rs 4.58 lakh. From the 31st year onwards, the company will pay you a return of Rs 40,000 every year on your investment.
6 / 8
If you take a Rs 40,000 annual return from 31 to 100 years, you'll collect almost Rs 27.60 lakh.
7 / 8
A term rider benefit is also available under this policy in the event of the investor's accidental death or disability. Market risk has no bearing on this policy.
8 / 8
The revenues and losses of LIC have a clear impact on this policy. This policy qualifies for a tax exemption under section 80C of the Internal Revenue Code.
Tags: LIC Jeevan Umang PolicyLife Insurance Policy
Open in App

Related Stories

NationalLIC Jeevan Umang Policy: Invest Rs 1302 per month, get returns up to Rs 28 lakh

NationalLIC Jeevan Umang Policy: Deposit as little as Rs 44 to get Rs 28 lakhs

NationalLIC launches new Bima Ratna policy in domestic market, check details

NationalHere's how you can revive your lapsed LIC policy till 6 March 2021

NationalIN PICS! Postal Life Insurance: Good news people taking post office life insurance! Now pay multiple premiums together

National Realted Stories

National28-year-old man held for molesting minor boy in Delhi Metro

NationalLS polls: 23 candidates in fray for Gurgaon seat; 3 withdraw nomination

NationalAAP objects to ED opposing Kejriwal's bail plea, files complaint in Supreme Court

NationalRajasthan Speaker demands apology from Ajmer cleric for his remark on Jain saints

NationalK'taka sex scandal: Victims threatened with prostitution by SIT, claims Kumaraswamy; Cong backs SIT probe