LIC Special Scheme: LIC’s Jeevan Umang Policy is a great option to invest in financial security for the future. The Life Insurance Corporation of India, or LIC, is regarded by many Indians as a trustworthy and secure investment choice. LIC provides a range of policies designed to meet the needs of diverse populations, including as women, children, older persons, and people from varied socioeconomic backgrounds. A great option for a long-term investment that yields a consistent income is the LIC Jeevan Umang Policy.
What is LIC’s Jeevan Umang Policy?
A special plan called the Jeevan Umang Policy offers the policyholder financial stability up to the age of 100. Because it provides a reliable revenue stream in addition to insurance coverage, this policy is very alluring. If you invest ₹10,000 a month for 15 years, you may build a significant amount and get the rewards of consistent income.
Key Benefits of the LIC Jeevan Umang Policy
- Long-Term Security and Income:A 15-year investment of ₹10,000 per month in the Jeevan Umang Policy would yield ₹17.9 lakh in total savings at the conclusion of the term. You also get a survival benefit at the end of the premium payment term. This survivor benefit guarantees a consistent revenue stream until the policy matures.
- Age Eligibility and Tax Benefits: A wide range of people are eligible for the coverage, as it can be purchased up to the age of 55. Additionally, the Jeevan Umang plan’s investment income is entirely tax-free, giving your family even more financial stability and relief.
- Financial Security for Your Family: The Jeevan Umang Policy offers your family financial protection in addition to advantages to the policyholder. The policyholder’s family is guaranteed financial security in the event of their death as they continue to receive payments.
How to Invest in LIC’s Jeevan Umang Policy?
Visit the closest LIC branch or speak with a certified LIC agent to make an investment in the LIC Jeevan Umang Policy. Make sure you comprehend the policy’s terms and conditions and that you fulfil the age eligibility requirements.
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