LIC Jeevan Umang policy

LIC Jeevan Umang policy & Benefits

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LIC Jeevan Umang policy

LIC Jeevan Umang pension policy is a regular premium plan which gives a non-taxable pension for a lifetime. This plan offers a combination of income and protection to your family. Jeevan Umang plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on the death of the policyholder during the policy term.

BUY LIC JEEVAN UMANG POLICY,

CALL 9886568000

Features of LIC Jeevan Umang policy

  • Lifetime 8% of Sum Assured every year after maturity survival benefits.
  • Suitable plan for from 18 years to 55 years.
  • Whole Life Plan which gives a Pension as well as any time lump-sum payment
  • With the best riders like Accidental Benefit Rider, Term Rider and Critical Illness riders.
  • All premiums paid to LIC Jeevan Umang are exempted from income tax under 80C
  • All returns from this plan like yearly pension, withdrawal before maturity, any claim 
  • Maturity is tax-free under 10 (10D).

Conditions for LIC Jeevan Umang policy

  • Age at Entry 90 Days (Completed)
  • Premium Paying Term (PPT) 15, 20, 25, & 30 Years
  • Maximum Age at Entry in Years) (As per Nearest Birthday)
  • Age 55 for 15 PPT
  • Age 50 for 20 PPT
  • Age 45 for 25 PPT
  • Age 40 for 30 PPT
  • Age at Maturity 100 Years (Nearest Birthday)
  • Policy Term 100 – Age at Entry
  • Basic Sum Assured 2,00,000 and above in multiples of 25,000
  • Premium Paying Mode Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)
  • Premium Payment Mode rebate 2% on yearly, 1% on Half Yearly, Nil on Quarterly and monthly
  • Survival & Maturity Benefits: On successful completion of the premium paying term(PPT), 8% of the Basic Sum Assured per year will be paid as survival benefits up to a year prior to Maturity, and on completion of the policy term, Basic Sum Assured + Simple Reversionary Bonus +FAB will be paid as maturity claim.
  • Death Benefits: If death happens before the commencement of risk, all premiums paid excluding taxes will be paid to the nominee as a death claim. If death happens after the commencement of risk, then Basic Sum Assured + Bonus + FAB will be paid to the nominee as a death claim.
  • Commencement of Risk: In case, the policyholder is less than 8 years old, then, the life cover will start 2 years after policy purchase or completion of 8 years of age, whichever is earlier.

Buy LIC Jeevan Umang plan from any place in the World, Call 9886568000