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What is LIC Jeevan Umang?
What is LIC Jeevan Umang (plan 945)?
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Jan 2, 2020 · LIC's Jeevan Umang (Plan No. 945, UIN No. 512N312V02) Sales Brochure (Content is in English) ; Policy Document (Content is in English) ; Date of Launch : 01.02.2020
LIC Jeevan Umang policy is a participating policy that entitles buyers to additional bonuses depending on the profits earned by LIC in a year. There are discounts available for choosing the either half-yearly or yearly premium payment mode.
LIC Jeevan Umang (945) maturity calculator is user friendly tool to learn about this plan by calculating premium life cover survival benefits maturity as per your age and policy term. Calculator also has Accidental Benefit rider, PWB rider, term rider to make it more complete.
Feb 2, 2020 · LIC’s Jeevan Umang – Plan 945 (revised with effect from 01/02/2020) – All details with premium and maturity benefit calculators. Jeevan Umang is a popular ‘with profit’ insurance plan from LIC of India with several innovative benefits to boast off.
- Highlights of Lic Jeevan Umang Plan
- Perks of Lic Jeevan Umang Plan
- Optional Riders Benefit of Lic Jeevan Umang
- Additional Details of Lic Jeevan Umang Plan
- Specifications of Lic Jeevan Umang
The insurance plan is a blessing as it offers coverage for the entire life i.e. for 100 years.8% of the Sum Assured is paid every year as money back on survival at the end of the policy term.Large Sum Assured available under this plan.Riders like LIC Accidental Death Disability Benefit Rider and Term Rider are available under this plan.Date of Commencement of Risk If the entry age of the assured is less than 8 years, then the risk under this plan will begin either 1 day before the completion of 2 years from the date of initiation or 1 day before the policy anniversary, and immediately following the completion of 8 years of age. For those aged 8 years and above, the risk will star...
Accidental Death and Disability Benefit Rider : This rider pays an extra sum to the beneficiary and can be availed by paying an additional premium (more than the basic premium) during the policy te...Accident Benefit Rider : If the policyholder dies due to an accident following 180 days of the accident date, this benefit can be availed by the beneficiary. The rider can also be availed by paying...New Term Assurance Rider : The rider raises the death benefit and is applicable by paying an extra premium. Also, it provides the benefit for 35 years or until the policy year where the age of the...New Critical Illness Benefit Rider : The insured can go for the rider at the initiation of the policy term but can also take the advantage as the critical Sum Assured after the diagnosis of any of...Loan Facility: The policy offers loan facility cater to the liquidity needs of the policyholder. Upto 90% of the surrender value can be availed on paying the premiums on a regular basis for 3 years, and only if the plan exists a surrender value. Suicide Clause: The policyholder shall receive 80% of the amount paid as premiums in the case if he/she ...
Things to Know About Jeevan Umang Plan
Rebate Information: Following are the Rebates [High Basic Sum Assured (BSA)] offered on the tabular premium: 1. Rs. 2 lakhs-Rs. 4.75 lakhs [Nil] 2. Rs. 5 lakhs-Rs. 9.75 lakhs [1.25 % BSA] 3. Rs. 10 lakhs-Rs. 24.75 lakhs [1.75 % BSA] 4. Rs. 25 lakhs & above [2 % BSA] Paid-up Value: If the policyholder did not pay the premiums for at least 3 years and the policy has not been revived all the included benefits under the plan will be ceased after the grace period and no claim amount will be paid....
LIC Jeevan Umang Plan (845) Details. LIC Jeevan Umang (Table No: 845) is a non-linked whole life assurance plan which provides fixed yearly amount (8% of Sum Assured/Year) after completion of premium payment up to 100 year of age and on maturity lump sum amount on maturity (completion of 100 years) or death.
LIC Jeevan Umang is an endowment cum whole life plan which offers a regular payout from the end of the premium payment term till the date of your survival. This plan is a participating plan eligible for Simple Reversionary Bonus and Final Addition Bonus.
