Lifetime Rs. 36,000... Newborns can also join: Great plan!
Samayam September 20, 2024 11:00 AM
LIC is the largest insurance company in India. The company offers a wide range of policies. Now let's look at a plan offered by LIC.
Saving is widespread in today's times. Everyone is investing their income in something. LIC especially for investment. Or opting for post office schemes. In this, LIC has introduced and implemented various policies for making deposits.
LIC is the largest insurance company in India. The company offers a wide range of policies that are trusted by many. Life Insurance Corporation of India (LIC) offers many policy plans for everyone from children to senior citizens.
Jeevan Umang policy is a great plan implemented by LIC. This plan is a whole life insurance plan. The total amount will be available after the termination of this policy. Also, various benefits are available till the maturity of this policy. This policy can be taken even for a newborn baby.
So parents can take this policy for their child. The minimum sum assured for this policy is Rs. 2 lakh has been fixed. Also, this policy provides better returns as the children grow up. Jeevan Umang policy can be paid in four premiums.
Accordingly, premium can be paid in this policy in four sections namely 15 years, 20 years, 25 years and 30 years. You can choose any of these. If you opt for a Jeevan Umang policy of 30 years, the premium payment period ends at 70 years. For this the person should be at least 40 years of age. Similarly the person taking 15 years premium should not be more than 55 years of age.
Jeevan Umang policy pays 8 percent annually on the amount invested. For example Rs. 4.5 lakhs and if you pay the premium for 15 years from the age of 15, at the age of 31, Rs. 36,000 available. It can last up to 100 years. It is to be noted that if the policyholder dies before the age of 100, the lump sum will be paid immediately to his nominee.
