LIC Jeevan Umang for whole life
Jeevan Umang offers guaranteed whole life annual returns fixed at 8% of the sum assured. It also has an ever increasing life cover. As you enjoy your income, your life is also covered for 100 years. In your absence, your nominee has a safety net to fall back on.
Conditions to be eligible for this plan
Minimum Age : 90 days
Maximum Age : 55 years*
Minimum Sum Assured : Rs.2,00,000
Maximum Sum Assured : No Limit
For more information CLICK HERE
You can save 30% tax (if in the Tax Slab based on your income) every year on the Premium paid towards your policy.
All the moneyback you receive for your Whole Life is Tax Free.
The lumpsum your nominee receives on your death is also Tax Free.
Save Income Tax throughout your life!!!