LIC Jeevan Umang Policy: Life Insurance Policy of India is the largest and oldest life insurance policy in India. LIC keeps on bringing investment options for every section of the country. Investors who prefer to invest risk free invest a large amount in LIC. Today we are going to give you information about such a policy of LIC, in which you get the benefit of insurance cover till the age of 100 years by investing. This policy is LIC’s Jeevan Umang Policy. It is an endowment policy which also gives you the benefit of a hefty amount on maturity.
Highlights of Jeevan Umang Policy-
You can take this policy from the age of 90 days till the age of 55 years. It not only gives you life insurance cover, but with this, after the completion of the term of the insurance policy, you will start getting a fixed amount from time to time on maturity. On the other hand, if a person dies before 100 years, then in such a situation the deposit amount will be given to the nominee. You can choose the term of this policy up to 15 years, 20 years, 25 years and 30 years. In this policy, the investor will get a minimum sum assured of at least Rs 2 lakh.
Do this every day, get this much return on investment of Rs 43
You can start with an investment of Rs 43 per day to avail the benefits of this policy. This means that you invest about Rs 1302 every month. At the same time, in a year this premium will be around Rs 15,298. If you choose the tenure of 30 years, then in such case the total deposit amount will be Rs 4.58 lakh.
If you buy this policy at the age of 40, then you will have to pay its premium for 70 years. After this, from 71st year to 100 years, you will get Rs 3333 per month every year i.e. about 40 thousand rupees annually. This total profit will be around 27.60 lakhs. If a person died before the age of 100, then in such a situation the entire amount will be given to his nominee.
Term rider will also benefit
Let us tell you that in this policy you also get the benefit of rider benefit. If a policyholder dies in a road accident or that person becomes disabled, then in such a situation the nominee or policyholder gets the benefit. Along with this, you get exemption under section 80C of Income Tax by investing in this policy. This exemption is available up to Rs 1.5 lakh.