New Delhi: LIC, The Country’s Largest Government Insurance Company, Has Different Insurance Policies To Suit The Needs Of All Types Of Customers. Recently LIC Has Come Up With A Similar Policy For Its Customers, Under Which The Investor Will Get Rs 27 Lakh On Investing Rs 44 Per Day. The Name Of This Policy Is Jeevan Umang Policy. This Is An Endowment Plan. It Is Also Called As Lifetime Plan.
In Jeevan Umang Policy, You Get The Sum Assured Along With The Insurance. By Investing In These Policies, You Can Secure The Future Of Yourself And Your Family. In This, Along With Life Cover, A Lump Sum Amount Is Available On Maturity. Fixed Income Will Come Into Your Account Every Year After Maturity. If The Policyholder Dies, His Family Members And The Nominee Will Get The Lump Sum Amount. Another Feature Of This Scheme Is That It Provides Coverage Till The Age Of 100 Years.
If You Pay A Premium Of Rs 1302 Every Month Under This Policy, Then In A Year This Amount Will Be Rs 15298. If This Policy Is Run For 30 Years, Then The Total Premium Payable Is Around Rs 4.58 Lakh. On Your Investment, The Company Will Start Getting A Return Of 40 Thousand Rupees Every Year From The 31st Year Of Investment. If You Take A Return Of 40 Thousand Per Annum From The 31st Year Of Investment To The Age Of 100, Then You Get A Total Amount Of About Rs 27.60 Lakh.
Features Of Jeevan Umang Policy
- It Can Be Purchased For People Between The Ages Of 90 Days To 55 Years.
- It is a lifelong insurance plan along with endowment.
- This plan provides cover till the age of 100 years and its maturity amount is available only on completion of 100 years.
- But if the policyholder dies earlier, the amount of premium paid by him is returned to the nominee.
- On the other hand, if the death of the insured occurs after the risk commencement date, the sum assured is paid to the nominee.
- On attaining the age of 100 years, he gets a lump sum amount.
- Not only this, the insured gets four options for the plan, for a limited period i.e. 15, 20, 25 and 30 years of age can take advantage of it.
- Under 80C, no income tax has to be paid on premium up to Rs.
- During the maturity amount, the insured does not have to pay income tax during the payment under section 10D.
