LIC Policy: Today, people are looking for investment plans that offer safe and high returns. While there are many options available in the market, few offer both protection and stable long-term returns. A popular and reliable plan in this category is the Life Insurance Corporation of India (LIC)’s Jeevan Umang policy. This plan offers investors protection, regular income, and long-term coverage—an all-in-one package.
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What is LIC’s Jeevan Umang policy?
The Jeevan Umang policy is a traditional plan from LIC that combines insurance protection with guaranteed income. This plan offers a unique combination, where investors receive a fixed amount every year after the premium payment term, and the policy continues to protect the age of 100. This is why this policy is considered one of the highest-yielding plans.
Who can avail this policy?
The Jeevan Umang policy is available for individuals aged three to fifty-five years. The minimum sum assured is ₹2 lakh. The premium payment term can range from 14 to 30 years, allowing investors to choose a plan that suits their needs.
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How to Build a Large Fund
If an investor chooses a policy with a 30-year premium term and pays a monthly premium of approximately ₹1,302, the annual investment amount is approximately ₹15,298. This results in a total investment of approximately ₹4.58 lakh over the entire 30-year period. In return, after the premium term is completed, a guaranteed income of approximately ₹40,000 is received annually. This amount is paid from 30 to 100 years of age, bringing the total fund to approximately ₹27.5 lakh.
How to Invest
The Jeevan Umang policy can be purchased online, and interested individuals can also invest through LIC agents. Before purchasing the policy, it is important to understand the terms and premium structure thoroughly to ensure clarity about the investment.