LIC Jeevan Umang policy: The discussion of the IPO of the country’s largest insurance company LIC is in full swing these days. Everyone is looking for an opportunity to earn big money by investing in it. But if you want, you can earn big money by investing money in some special schemes of LIC and also you can secure the future of yourself and your family. Today let us tell you about one such special policy of LIC.

 

LIC Insurance Policy: LIC Jeevan Umang policy is an endowment plan, in which you get the maturity amount along with the insurance. Let us know about this policy.

 

LIC Jeevan Umang Policy is an Endowment Plan
Jeevan Umang 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.

 

In this way the amount of 27.60 lakh will be received

If a person pays a premium of Rs 1302 every month in this policy. So in a year that amount is Rs 15,298. If this policy is run after 30 years, then the net amount becomes 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 take a return of 40 thousand annually for 31 years to 100 years, you get an amount of about Rs 27.60 lakh.

 

Policyholder also gets the benefit of term rider

Under this policy, 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 take a plan of Jeevan Umang Policy, then he will have to take insurance of at least two lakh rupees.