LIC Jeevan Umang Plan 2023: LIC Jeevan Umang Plan 2023 is the largest and oldest insurance company in the country. Life Insurance Corporation of India has millions of policyholders across the country. LIC introduces new plans on regular basis for all sections of the country. So that life security can be provided to the citizens. If you want to protect your old age. If you want to invest in a life insurance policy, then LIC Jeevan Umang Plan is a better option. LIC Jeevan Umang Plan offers rewards up to the age of 100 years. If you want to earn Rs 36000 per year with a little investment, you can invest in LIC Jeevan Umang Policy.

LIC Jeevan Umang Plan 2023

LIC Jeevan Umang Policy is a unique endowment plan. In which you start receiving a fixed income after a few years in addition to the insurance coverage. LIC Jeevan Umang Plan is available for those aged between 90 days to 55 years. This policy provides life insurance coverage to the policyholder for 100 years. After maturity, you will receive a fixed amount in your account every year under this LIC Jeevan Umang Plan 2023. And if the policyholder dies before maturity, his nominee gets a lump sum payment. This policy gives you the facility to get pension in old age. This insurance provides income tax exemption under Section 80C of the Income Tax Act.

In this way you will get a pension of Rs 36,000

You can secure your retirement by investing in LIC Jeevan Umang Plan. Which gives you benefits till the age of 100 years. Let us say that you buy this policy for the time period when you need it. After this, you will get an annual fixed salary. According to the scheme, you will receive this income till the age of 100 years. You will receive 8% of the annual plan fee. If a person buys this plan at the age of 26 for a total sum assured of Rs 4.5 lakh for 30 years, the policy holder will receive 8% of the invested amount as income starting from the 31st year, which is Rs 36000. is per year.

Key Features of LIC Jeevan Umang Policy

• LIC Jeevan Umang Policy is a 100 year whole life insurance policy.
• At the end of this policy, 8% of the sum assured is paid.
• This LIC Jeevan Umang Plan also includes benefits like accidental death, disability benefit, rider and tom rider.
• LIC Jeevan Umang Plan is an excellent pension plan.
• The premium paid by the policyholder is exempt from income tax under section 80C.
• On maturity or untimely death, the policyholder receives a simple reversionary bonus.

Benefits of LIC Jeevan Umang Plan

• LIC Jeevan Umang Policy (Table No. 945) is a whole life insurance policy that provides life cover for 100 years to the policy holder.
• The policyholder receives risk coverage from the day he purchases the policy.
• This facility is also available to policyholders under this scheme.
• LIC Jeevan Umang Plan covers the risks till the end of the insurance term.
• To reduce income tax, the income premium paid under insurance is tax-free under Section 80C, and the maturity return is tax-free under Section 10D.
• The policy can be reinstated for up to two years from the date of first unpaid premium.

Required Documents

• driving license
• Ration card
• voter card
• passport size photo
• Aadhar card
• age certificate
• Address proof
• medical history
• PAN card
• application form

Eligibility Criteria

• To buy LIC Jeevan Umang Policy Plan, you must be an Indian citizen.
• This coverage is available to anyone between the ages of 90 days to 55 years.
• If you invest in Jeevan Umang policy you can get benefits for the next 100 years.

How to apply to invest in LIC Jeevan Umang Plan?

If you are interested to invest in LIC Jeevan Umang Policy. So you have to apply for this policy. Let us tell you that there is no online option to buy Jeevan Umang plan from LIC. To purchase this coverage, contact your nearest LIC branch or LIC officer. You have to inform the LIC official that you want to invest in LIC Jeevan Umang Policy. The officer will provide you with an application form. Which you can fill the application form to buy as per your conditions. An LIC officer will take your important information and documents. After this, you have to deposit the premium amount with the officer. You can invest in LIC Jeevan Umang policy in this way.