LIC Policy: LIC brings schemes from time to time for its customers, so that you can secure the future of yourself and your family. In this sequence, LIC has a special scheme – Jeevan Umang Policy, in which you can get good profits by investing. Let us know about this wonderful policy.
LIC Jeevan Umang Policy is an Endowment Plan
Jeevan Umang’s 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.
27.60 lakh will be received
If you pay a premium of Rs 1302 every month in this policy, 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 make a return of 40 thousand annually for 31 years to 100 years, you get an amount of about Rs 27.60 lakh.
The policyholder also gets the benefit of term rider
Under this policy, the term rider benefit is also available in case of accidental death or disability of the investor. This policy is not affected by market risk. There is definitely an impact of LIC’s profits and losses on this policy. Tax exemption is also available on taking this policy under section 80C of Income Tax. If someone wants to make a plan of Jeevan Umang Policy, then he will have to take insurance of at least two lakh rupees.