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LIC Jeevan Umang Policy : Earn ₹ 36,000 per annum for life by depositing just Rs 45

LIC Jeevan Umang Policy

LIC Jeevan Umang Policy launched by Life Insurance Corporation of India (LIC) provides a unique opportunity to its customers. This policy provides insurance cover and fixed income to the policyholders. If the policy holder invests in this policy plan, he will be exempted under Section 80C of Income Tax with an income premium of Rs. 2 lakh sum assured will be received.

LIC Jeevan Umang Policy

LIC Jeevan Umang Policy is a type of special endowment policy that provides fixed income and insurance cover. The policyholder can enjoy the benefits of this policy for up to 100 years. This scheme is available for citizens above 55 years of age.

Overview of LIC Jeevan Umang Policy

LIC Jeevan Umang Niti was launched by LIC in 2023 for all citizens of India. The application process is offline, and the policy aims to provide whole life cover. Under a range of central government schemes, the policy provides life cover and pension amount to the policyholder.

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.

Thus a pension amount of ₹36,000 will be received

The policyholder will receive a fixed income every year after the policy matures. The policy benefits are given till the policy holder reaches 100 years of age. Eight percent of the policy is given to customers every year. For example, if the beneficiary pays Rs. 4.5 lakhs sum assured, in this case, the beneficiary will receive 8% of the invested amount as fixed income for 31 years, which is ₹36,000. 8% per annum. Further, the return amount will be provided to the policyholder for 100 years, and the premium will be paid to them annually by the company in the 30th year together.

Benefits of LIC Jeevan Umang Policy

LIC Jeevan Umang policy has many benefits that make it an excellent investment for anyone looking for financial security. Some of the benefits of this policy are:

Life Cover: LIC Jeevan Umang policy provides life insurance cover to the policyholder for 100 years. If the policyholder dies before maturity, a lump sum will be paid to the nominee of the policyholder.

Fixed Income: The policyholder can get a fixed income of ₹36000 per annum with very little investment under this policy.
Pension: At old age, this policy provides pension to the policyholder, and also provides income tax relief under Section 80C of Income Tax.
Investment: This policy plan can be purchased for 15 years, 20 years, 25 years and 30 years.
Revival: This policy can be revived for 2 years from the date of first unpaid premium of the policy.
Tax Benefits: Income premium paid under this policy is exempted under Section 80C of Income Tax, and policyholders are exempted from maturity compensation under Section 10D.
Risk Coverage: LIC provides risk coverage to all policyholders till the end of the policy.

Investing in LIC Jeevan Umang policy is a smart decision for anyone looking for a secure financial future. The policy offers fixed income, life insurance cover and tax benefits, making it the best investment for citizens above 55 years of age. So, if you want to secure your future, invest in LIC Jeevan Umang policy today!

How to buy 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.

The policy can be purchased for a term of 15 years, 20 years, 25 years or 30 years depending on the choice of the policy holder. After the policy term is over, the policyholder can opt for the pension, which will be paid annually and the policyholder will also get the maturity benefit.

LIC Jeevan Umang Policy is an excellent investment opportunity for senior citizens, offering fixed income and life insurance cover. The policy can be purchased for a term of 15, 20, 25 or 30 years and after maturity, a fixed income is paid to the policyholder annually. The policy also provides life cover to the policyholder for 100 years.

This plan is beneficial for people above 55 years of age, and can be an excellent investment for those who want a secure retirement plan. By purchasing a policy, one can also avail tax benefits under Section 80C of the Income Tax Act.

conclusion

In conclusion, LIC Jeevan Umang policy is a wise investment decision for senior citizens and offers long-term financial security, pension and tax benefits. Therefore, individuals looking to invest for their retirement years can consider investing in this policy.

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