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LIC Jeevan Umang Policy: Earn Lifelong Annual Income and Secure Your Future
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News18•13-10-2026, 20:52
LIC Jeevan Umang Policy: Earn Lifelong Annual Income and Secure Your Future
- •LIC Jeevan Umang is a whole-life insurance plan providing coverage up to 100 years of age.
- •Individuals from a 30-day-old infant to 55 years of age can invest in this scheme with a minimum sum assured of Rs. 2 lakh.
- •Policyholders receive a guaranteed survival benefit of 8 percent of the basic sum assured every year after the premium paying term ends.
- •A lump-sum maturity benefit or financial protection for the nominee is provided in case of unfortunate death.
Key Questions Answered
Individuals from a 30-day-old infant to 55 years of age can invest in the LIC Jeevan Umang policy. The minimum sum assured for this plan is Rs. 2 lakh, while there is no upper limit for the maximum amount.
After the premium paying term ends, a guaranteed survival benefit equal to 8% of the basic sum assured is paid every year until age 99. If the policyholder survives up to the age of 100, they receive a lump-sum maturity benefit alongside accumulated bonuses.
Policyholders can choose a premium paying term of 15, 20, 25, or 30 years based on their preference and entry age. The overall policy term is determined by subtracting the investor's current age from 100 years.
