Life Insurance Corporation of India (LIC) is not just an insurance company. It is a government-backed institution and one of the best ways for millions of Indians to invest and secure their future. By investing in LIC, customers get financial security along with guaranteed returns.
Not everyone can invest a large amount of money. To help people secure their future by investing small amounts daily, LIC has introduced a new policy called LIC Jeevan Umang Policy.
With this policy, you can get a return of 20 lakh rupees by saving just 25 rupees every day. If you save 50 rupees daily, the return can go up to 40 lakh rupees.
If you don’t believe it, read the full report and learn the rules and benefits before buying the policy.
LIC Jeevan Umang Policy Benefits and Maturity Calculator
LIC Jeevan Umang Policy not only provides financial returns but also offers guaranteed income and protection for the policyholder’s family. This plan gives annual income and multiple benefits from the end of the premium payment period until maturity. By saving a small amount regularly, you can earn a large sum through this investment plan. Along with income, life insurance protection is also available. In case of the policyholder’s death, the family receives a large insurance payout.
LIC vs Mutual Funds or Stocks
Many people invest in mutual funds or the stock market to grow their money. However, trying to double money quickly and taking high risks often leads to financial losses. Experts advise balancing investments between safe funds and the stock market. If you want a completely risk-free option with high returns and life security, LIC is a good choice. For those who want to grow their savings by depositing small amounts daily, LIC Jeevan Umang Policy is an excellent option.
How Much Return Will You Get?
If you deposit 25 rupees every day for 16 years in LIC Jeevan Umang Policy, you can get a guaranteed return of around 20 lakh rupees at maturity. Returns may vary based on your age. If you deposit 50 rupees daily, you can get about 40 thousand rupees every year.
For example, if you take the policy at age 26 with 5 lakh rupees life cover, the total annual premium will be 15,882 rupees. Over four years, the total premium paid will be 47,646 rupees. You will continue paying premiums for 30 years. LIC will start paying 40 thousand rupees as annual returns after the 30th year.
For How Many Years Will You Receive Returns?
The policyholder receives guaranteed returns every year until age 100. If you deposit 50 rupees daily, annual returns of 36–40 thousand rupees continue from the 31st year until age 100, totaling about 40 lakh rupees. If the policyholder dies before 100, the full amount is given to the nominee. The nominee can also choose to receive the money in multiple installments if preferred.