LIC Scheme: You can collect a lot of money by saving small amounts to invest in LIC’s Jeevan Umang policy.
LIC Jeevan Umang Policy: If you want to earn well by investing your money, then you can earn good profits by investing in this scheme of LIC. To invest in this scheme, you can collect a lot of money by making small savings. Today’s savings are useful for our future. Keeping this in mind, many government companies come up with schemes in which good profits can be obtained by investing. You can collect a lump sum amount of Rs 27 lakhs in future by saving only a small amount of Rs 45 per day in LIC’s ( Life Insurance Corporation ) Jeevan Umang policy.
You get excellent returns by investing in Life Insurance Corporation of India ie LIC’s Jeevan Umang policy. You can get a lump sum amount of more than 27 lakh rupees on maturity by investing in this policy to meet many future needs of your children like education, their marriage. This policy can be taken by all people including farmers, businessmen, job profession.
What is Jeevan Umang Policy? LIC Jeevan Umang Policy
With the aim of benefiting you, this policy has been started by the Life Insurance Corporation of India. It is an endowment policy which provides insurance coverage along with the benefit of savings. The special feature of this policy is that on completion of the maturity period, a fixed amount comes to the customer’s account every year. Apart from this, if the policy holder dies then his nominee is given a lump sum amount. This policy provides coverage up to 100 years.
What are the features of Jeevan Umang Policy?
- People from 90 days to 55 years can take LIC’s Jeevan Umang policy.
- In this, by investing a fixed amount every month, you get a huge lump sum amount.
- This policy of LIC is different from other policies. It is a whole life insurance plan with endowment.
- In this policy, after the premium payment term, you get the benefit of 8 percent of the sum assured for life or till the age of 100 years.
- Under this policy, along with Simple Reversionary Bonus, the benefit of Final Addition Bonus is also given to the customer.
- In this policy, the benefit of tax exemption on premium, death benefit and maturity benefit is provided. income in
- Tax exemption is also available under section 80C of the tax.
Benefits of Jeevan Umang Policy
After taking this policy, if you become 100 years of age, then the policy holder is paid Simple Reversionary Bonus, Final Addition Bonus along with the Sum Assured.
The policyholder starts receiving 8% of the Basic Sum Assured every year from one year after the completion of the premium paying term. He will continue to receive this amount every year until he reaches the age of 100 or dies. Whichever happens first, till then he continues to get this benefit.
Under this policy, if the policyholder dies before the “Risk Commencement Date”, then the amount of all premiums paid is returned to the nominee. If the death of the policyholder occurs after the “Risk Commencement Date”, the Sum Assured on Death is paid to the nominee.
In this policy, the Sum Assured on the death of the policy holder is 10 times of the annual premium or Basic Sum Assured + Simple Reversionary Bonus + Final Addition Bonus, whichever is higher. The point to be noted here is that the death benefit will never be less than 105 percent of all premiums paid. Whereas the premium mentioned in the death benefit does not include taxes, rider premium and increased premium due to underwriting decisions.
Apart from this, loan facility is also given in LIC’s Jeevan Umang policy. For this, you have to pay the premium for three consecutive years. Only after this you can take a loan on this policy. The loan amount and rate of interest under this scheme depends on the time of taking the loan.
This is how you will get 27 lakh rupees in Jeevan Umang policy
In LIC’s Jeevan Umang policy, if you buy this policy by depositing Rs.45 per day, then you will have to deposit an amount of Rs.1350 as premium every month, which will be Rs.16200 for a year. If you take this policy for 30 years, then an amount of Rs 4.86 lakh will be deposited in this scheme by you in 30 years. The maturity of this policy will be at 31 years and from 31st year till the age of 100 years, you will continue to get returns up to 40 thousand rupees annually under this policy. If seen in this way, you can get benefit of more than 27 lakh rupees from this scheme.
