LIC has introduced a special scheme – Jeevan Umang Policy (LIC Jeevan Umang Policy) in which you can get good profits by investing. Let us know in detail about this wonderful policy.

What is LIC Jeevan Umang Policy?

Let us tell you that Jeevan Umang policy is different from other schemes in many respects.
Let us tell you that people from 90 days to 55 years of age can take this policy.
Let us tell you that this is an endowment plan. In this, along with life cover, a lump sum amount is available on maturity.
Under this, after completion of maturity, fixed income will come in your account every year.
On the other hand, after the death of the policyholder, his family members and nominee will get a lump sum amount.
– The great feature of this scheme is that it provides coverage up to 100 years.

Will get huge amount on maturity

In this policy, if you pay a premium of Rs 1302 every month, then in one year this amount will be Rs 15,298.
– If this policy is run for 30 years, then the amount will increase to about Rs 4.58 lakh.
– On the investment made by you, the company starts giving you a return of 40 thousand every year from the 31st year.
– You take a return of 40 thousand annually from 31 years to 100 years, you will get an amount of about 27.60 lakh rupees.

Term rider also benefits

– Under this special policy, if the investor dies in an accident or becomes disabled, term rider benefit is also available.
Market risk has no effect on this.
– This policy is affected by the profits and losses of LIC.
Tax exemption is also available on taking this policy under section 80C of Income Tax.
– If you want to take any plan of Jeevan Umang Policy (LIC Jeevan Umang Policy), then you will have to take an insurance of two lakh rupees.

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