LIC’s Jeevan Umang Policy also provides lifetime coverage along with annual returns. This gives double benefit to the insured.
LIC’s Jeevan Umang Policy
Since the Corona crisis, people are understanding the importance of saving more. In such a situation, if you are thinking of investing in such a scheme, in which there will be better coverage with safety. In such a situation, LIC’s ‘Jeevan Umang’ can prove to be a better option. It offers both income and financial security. In this, returns of up to 63 lakh can be obtained by depositing only 1302 rupees every month.
If the investor dies during the policy, the family gets the maturity amount. The specialty of this plan is that from the end of premium payment to maturity, you will get an annual survival benefit. Apart from this, a large amount is available on maturity. It gives double benefit to the insured. So what is the policy and how can you invest in it, know the whole process.
What is life expectation policy
This is an endowment plan. In this, along with the life cover, you get a lump sum on maturity. Under this scheme, people ranging from 3 months of age to 55 years can invest. Coverage is available up to 100 years under the scheme. Even if the policy holder dies in the middle of taking the policy, his family and the nominee will still get a lump sum. In this policy of LIC, the facility of premium payment is available for 15, 20, 25 and 30 years. Life insurance cover is available in this.
How to get strong returns
If you deposit 1302 rupees every month under this policy, then your annual premium will be Rs 15624. If it is deposited for a period of 30 years, the total investment will be Rs 4,58,940. In such a situation, the policyholder will get an annual return of Rs 40,000 from the 31st year. Since it gets lifetime coverage. According to this, if you add returns for up to 100 years, then 28 lakh rupees are made. In this, the net profit on reduction of premium will be about Rs 23.41 lakh. Apart from this, if the insured survives 101 years, then he will get 62.95 lakhs separately i.e. about 63 lakh rupees on maturity.
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