LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term..
New Jeevan Umang Plan (945) is a non-linked, with-profits whole life assurance plan. Survival benefits from End of PPT will be payable.
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Basic Sum Assured (SA) +
Vested Simple Revesionary bonuses +
Final Additional bonus if shall be payable.
On death before the commencement of Risk: An amount equal to the total amount of premium/s paid without interest shall be payable.
On death after commencement of Risk:'Sum Assured on Death'+ Vested simple reversionary Bonus + FAB if any.
+ On survival 8% of basic sum assured shall be payable each year till Maturity/Death
31 or 30 days (depends on calendar month) for YLY, HLY and QLY payment modes.
15 days grace period for Monthly Mode of Premium Payment.
After the Policy Acquires Paid Up Value.
The policy can be surrendered (closed) only after 3 full years payment of premiums.
Risk Coverage Will Be Provided Till The End Of Term Policy.
+ Premium paid under this plan is eligible for TAX rebate under section 80c.
+ Maturity under this plan is free under sec10(10 D)
