LIC's Jeevan Umang (Table No: 845)

LIC JEEVAN UMANG is a whole life plan of LIC. This plan provides a guaranteed  survival benefits of 8% per annum to the policyholder till the age of 100 years after completion of premium paying term ( 15 , 20 , 25 , & 30 yrs ) .Also this plan will provide lump sum payment on  maturity after completion of policy term OR on death of insured.

 

WHY CHOOSE THIS PLAN :

  Whole Life pension benefit available after completion of policy term.

  Premium Paying Term are 15 ,20 25 & 30 years but benefits cover till age of 100 yrs of insured.

  Can be Purchased as a Gurranteed deferred annuity pension plan.

  Accidental benefits and Disability rider benefit available.

 

BENEFITS  OF PLAN:

ON DEATH : Before the commencement of risk if insured dies , nominee will get all premium paid by insured till death ,excluding all taxes , extra premium ,if any shall be payable.

ON DEATH : After the commencement of risk if insured dies , nominee will get SUM ASSURED on death and vested simple reversionary bonuses and final additional bonus , if any , shall be payable.

ON SURVIVAL : After completion of policy premium paying term, insured get 8% of basic sum assured every year till the age of his/her 100 years.

ON MATURITY : Sum assured on maturity along with vested simple reversionary bonuses and final additional bonus , if any , shall be payable.

 

PLAN PARAMETERS

Age at Entry

90 Days (Completed)

Premium Paying Term (PPT)

15, 20, 25, & 30 Years

Maximum Age at Entry in Years) 
(As per Nearest Birthday)

 

55 for 15 PPT

50 for 20 PPT

45 for 25 PPT

40 for 30 PPT

Age at Maturity

100 Years (Nearest Birthday)

Policy Term

100 - Age at Entry

Basic Sum Assured

2,00,000 and above in multiples of 25,000

Premium Paying Mode

Yearly, Half Yearly, Quarterly & Monthly (SSS and NACH Only)

Premium Payment Mode rebate

2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly

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