LIC Jeevan Umang Policy: In today’s busy life, people want to make safe investments in low risk. In such a situation, Life Insurance Corporation of India is a better option for middle class families. In LIC, investors get the benefit of better interest and insurance along with more benefits. LIC has many such policies in which benefit from children to the elderly. The biggest thing about investing in LIC is that it is free from risk, so that everyone trusts it.
One such plan has been brought by Life Insurance Corporation of India LIC Jeevan Umang Policy. Under the Umang Jeevan policy, LIC will give a return of Rs 36,000 every year to its holder on an investment of Rs 45 per day. Let us tell you about LIC’s Jeevan Umang policy.
Know what is LIC’s Jeevan Umang Policy
Under the Jeevan Umang policy of Life Insurance Corporation of India, your family gets protection along with income. The plan provides annual income benefit from the time the premium is paid till the time of maturity and a lump sum amount at the time of maturity or on the death of the policyholder during the policy term. According to the company, LIC Jeevan Umang is a non-linked, participating, individual, whole life insurance plan. In such investments, the holders are getting the return on the risk of low risk.
Know the duration of this scheme i.e. how long will you have to invest
Like other policies of Life Insurance Corporation of India, this policy has also been kept for a long time. Suppose if you become a subscriber for LIC Jeevan Umag policy at the age of 26 for an insurance cover of Rs 4.5 lakh, then you will have to pay around Rs 1,350 per month i.e. Rs 45 per day. After this, in one year your premium will be Rs 15,882 and in 30 years your premium payment will be Rs 47,6460. Meaning when you are 56 years old, then this scheme will mature.
Know how long you will get money after completing 30 years of investment
LIC will start giving you a return of Rs 36,000 per annum from the 31st year after you have done this investment plan for 30 years after you have deposited premiums without any interruption. You will continue to get this Rs 36000 till the age of 100 years. That is, during this period you will get a total of 36 lakh rupees.