Whenever it comes to buying an insurance policy, most people choose Life Insurance Corporation of India (LIC). LIC is very popular due to its reach to customers and various schemes. If you are looking for an investment plan with high returns in less investment, you can opt for LIC Jeevan Umang Niti. In this, along with getting annuity, you also get maturity benefits.
Jeevan Umang Policy of LIC
If you are also planning to invest in LIC policy, today we will tell you about a policy in which you can get up to 63 lakh rupees by investing only 1302 rupees. Let us tell you that the name of LIC plan is Jeevan Umang Policy. This policy can be availed from 3 months baby to 55 years of age. Let us tell you that the biggest feature of LIC’s Jeevan Umang policy is that if all the installments are paid till the premium is exhausted then the insured person is given a minimum amount with a guarantee. will come
The main objective of LIC Jeevan Umang Policy
The main objective of LIC Jeevan Umang Policy is to provide life protection insurance to its customers. A policyholder can get a fixed income with a security cover after a few years. A policyholder can purchase policies up to 15, 20, 25 and 30 years. After maturity, the policyholder will get the fixed amount in their account every year. If the policyholder dies before maturity, the nominee of the policyholder will get the lump sum.
36 lakhs against only 45 rupees
If you take this insurance policy even at the age of 26, and if you pay Rs. 4.5 lakhs for an insurance cover of 30 years, you have to pay Rs. 1350 has to be paid. This is approximately Rs. 45 per day. This way your premium will be Rs 15882 in one year, and in 30 years your premium will be Rs 476460.
In this way, Life Insurance Corporation of India will start depositing 36 thousand rupees in your account as compensation every year from 31st year on your investment. In this way, if you continue to take a return of 36 thousand rupees every year from the 31st year of investment till the age of 100, you will get an amount of around 36 lakh rupees.
LIC Jeevan Umang Policy Key Benefits
If you buy this policy, you get tax relief under Section 80C of the Income Tax Act.
The basic sum assured under LIC Jeevan Umang is Rs 2 lakh.
If the policyholder dies before the age of 100, all the money will be given to the nominee.
If the nominee wants, he can take the money in lump sum or in installments.
If the policyholder survives till the age of 100 or till the end of the premium paying term, he is also paid a survival benefit equal to 8 percent of the Basic Sum Assured every year.
How to take LIC Jeevan Umang Policy
To purchase LIC Jeevan Umang Policy, the applicant needs to fill the application form available at the LIC branch office. The application form can also be downloaded from the official website of LIC. Applicant needs to provide all necessary information along with documents like ID proof, address proof and age proof. The applicant needs to pay the premium amount while purchasing the policy.