Life Insurance Corporation of India (LIC) is not just an insurance company. It is a government-backed way to invest and save for the future for millions of Indians. By investing in LIC, you get security for your present and future along with guaranteed returns.
Not everyone can invest a large amount of money. To help, LIC has launched a new policy called LIC Jeevan Umang Policy. This policy allows you to secure your future by investing a small amount every day and still earn good returns.
With the LIC Jeevan Umang Policy, you can get a return of ₹20 lakh by depositing just ₹25 every day. Or you can get ₹40 lakh by depositing ₹50 every day. Read the full details carefully and know the rules before buying this policy.
LIC Jeevan Umang Policy Benefits and Maturity
LIC Jeevan Umang Policy not only gives financial returns to the customer but also provides guaranteed income and protection for their family. This plan gives annual payments and multiple benefits from the end of the premium period until maturity. By saving a small amount, you can earn a large return. Along with income, life insurance protection is also included. If the policyholder dies, the family receives a large insurance payout.
Investing in LIC vs Mutual Funds or Stocks
Many people invest in Mutual Funds or the Stock Market to grow their money. But these options have high risk, and people can lose money. Financial experts suggest balancing investments. If you want a safe and risk-free option with good returns, LIC is a better choice. LIC Jeevan Umang Policy is ideal for those who want to save a little daily and get a big return with life insurance protection.
Returns on Investment
If you deposit ₹25 every day for 16 years in LIC Jeevan Umang Policy, you can get about ₹20 lakh at maturity. The return may vary based on age. If you deposit ₹50 every day, you can get ₹40 lakh. For example, if you take the policy at age 26 with ₹5 lakh insurance, the yearly premium will be ₹15,882. In four years, the total premium will be ₹47,646. The premium will be paid for 30 years, and LIC will pay about ₹40 thousand every year as return from an even year.
Duration of Policy Money
The policyholder gets guaranteed returns every year until the age of 100. If the return is ₹36-40 thousand per year (premium ₹50), the total return will be about ₹40 lakh. If the customer dies before 100, the full amount goes to the nominee. The nominee can also take the money in multiple installments if they want.