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LIC Jeevan Umang Policy: People from 3 months of age to 55 years will get benefit, know how to invest

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LIC’s Jeevan Umang Policy allows people from 3 months of age to 55 years of age to invest in LIC Jeevan Umang Policy. It provides coverage up to 100 years. Also, the family gets a lump sum on the death of the policy holder.

LIC Policy

Saving is very important for a safe future. In such a situation, most people prefer to invest in a scheme in which the risk is negligible. If you also want to invest in such a scheme, then LIC’s Jeevan Umang Policy is a better option. In this, you can get returns of up to 28 lakh rupees by just investing 1302 per month. Also, the family gets money even after the death of the policy holder. So what is the benefit of the scheme and know how to 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 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 nominee will still get a lump sum.

For how many years will you have to invest

Under this policy, the investor can invest for 15, 20, 25 or 30 years. In this, returns will continue to be provided with the guarantee, which is 8 percent of the insurance annually. Under the policy, the term rider will get the benefit if the investor dies in an accident or becomes disabled. Apart from this, there is an exemption in income tax under 80C on the premium paid.

How is the deal of profit

If you invest Rs 1302 every month under this policy of LIC, then your annual investment will be Rs 15,298. In such a situation, if you take the policy for 30 years, then the total investment amount will be Rs 4,58,940. After this, from the 31st year, you will get a return of 40 thousand rupees annually. If you take the return till the age of 100 years, then this amount will increase to 28 lakh rupees.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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