We all love assurances. When it comes to life, such assurances become a must. Many Indians working in Canada and other countries to provide a bright future for their families do not consider whether the cost of living has affected their planning. It is a smart idea to plan for the future, invest in suitable life insurance plans to provide sufficient coverage for your family while saving money and allowing your money to grow. When you think of such an investment plan, consider buying LIC's Jeevan Umang Plan.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
Find all details about the plan in this article.
Jeevan Umang Insurance policy provides two-way benefits to its customers. One is to get a better return on their investment, and the other is protection for their lives. This endowment plan from LIC guarantees a steady income for the buyer until the age of 100. The payout begins immediately upon the completion of the premium payment term (PPT).
There are four PPT options available, including 15, 20, 25, 25, and 30 years. The inflow of payments would cease in three circumstances: if the buyer turns 100 if the buyer decides to surrender the policy's value and take the maturity amount, or in case of the policyholder's death. The policy is not tied to the market and is therefore free from any market risk.
There are several benefits offered by the Jeevan Umang Plan. These are listed below:
|
Jeevan Umang Premium Rates Amount Assured – INR 1,00,00,000 |
||||
|
PPT |
15 Yrs |
20 Yrs |
25 Yrs |
30 Yrs |
|
Monthly |
65,250.00 |
43,792.00 |
31,625.00 |
24,542.00 |
|
Quarterly |
1,95,750.00 |
1,31,375.00 |
94,875.00 |
73,625.00 |
|
Half Yearly |
3,87,485.00 |
2,60,023.00 |
1,87,753.00 |
1,45,678.00 |
|
Yearly |
7,66,940.00 |
5,14,590.00 |
3,71,510.00 |
2,88,210.00 |
|
* This is simply for example objective. No riders are included in the above premium. GST is additional. 4.5% in the 1st plan year and thereafter 2.25% for the remaining time. As of November 4th, 2020. |
||||
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C applies.
|
Jeevan Umang Advantages Demonstration Amount Assured – INR 1,00,00,000 |
||||
|
PPT |
15 Yrs |
20 Yrs |
25 Yrs |
30 Yrs |
|
Yearly Return post PPT |
8,00,000.00 |
8,00,000.00 |
8,00,000.00 |
8,00,000.00 |
|
Maturity at 100 Years of Age |
9,35,00,000.00 |
8,97,00,000.00 |
8,52,50,000.00 |
8,07,50,000.00 |
|
Surrender Value on reaching PPT |
1,65,94,400.00 |
1,88,35,900.00 |
2,37,61,800.00 |
3,09,01,700.00 |
|
Surrender Value post 15 yrs of reaching PPT |
3,78,56,000.00 |
5,11,16,000.00 |
6,40,57,000.00 |
6,39,58,000.00 |
|
Surrender Value post 25 yrs of reaching PPT |
6,81,16,000.00 |
6,89,26,000.00 |
6,88,27,000.00 |
6,81,88,000.00 |
|
*This is simply for example objective. No riders are included in the above premium. GST is additional. 4.5% in the 1st plan year and thereafter 2.25% for the remaining time. As on November 4th, 2020. |
||||
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C applies.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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