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LIFE INSURANCE COVER

AWESOME PLAN BENEFITS FOR YOU Amount
GUARANTEED PENSION (Tax Free) from th Year until 100 Years (or till death) lic bonus * Yrs
Benefit 1: Total Annual TAX FREE PENSION received till 100 Years lic jeevan umang buy online 915
Benefit 2: Second maturity lumpsum amount on completing age 100, you get Sum Assured + Bonus + FAB paid: + + Buy lic plan online +
Total expected returns you recieve from policy upto age 100 years: Lic Maturity Amount
Benefit 3:Aproximate loan availability after 3 years loan on lic policy
BENEFITS FOR NOMINEE/FAMILY AFTER YOU Amount
On death before th year of plan maturity :
1. On death before maturity: Guaranteed life insurance lic bonus
2. If accidental death: DAB paid lic bonus
3.bonus paid: Accumulated Bonus+ Final Additional Bonus Buy lic plan online +
Total payable to nominee = 1 + 2 + 3 (Tax Free): Lic Maturity Amount
On death after th year of plan maturity :
1. On death after maturity: Guaranteed life insurance lic bonus
2. If accidental deathbefore age 70: DAB paid lic bonus
3.bonus paid: Accumulated Bonus+ Final Additional Bonus Buy lic plan online +
Total payable to nominee = 1 + 2 + 3 (Tax Free): Lic Maturity Amount
After premium payment term is over on th year onwords, dealth benefit payable to nominee goes on increasing till 100 years without premium payment:
Benefit 4: + Maximum death benefit (Tax Free) paid to nominee near maturity years. Jeevan Umang plan 945
How do you want to Pay to start policy Now?
    • PAY PREMUM

    • Pay online

    •  
      • Premium
      • DAB Premium
      • GST (4.5%)
      • Total
      •  

    • YEARLY

    • Save 2%
    • HALF YEARLY

    • Save 1%
    • PAY PREMUM

    • Pay online

    •  
      • Premium
      • DAB Premium
      • GST (4.5%)
      • Total
      •  

    • QUARTERLY

    •  
    • MONTHLY

    •  

Credit Card / Debit Card / UPI / Wallets Accepted

LIC Jeevan Umang Online

India's Only plan offering 8% Guaranteed Pension LifeLong !!

 

a)Pension: LIC Jeevan Umang gives assured Lifelong Pension at the rate of 8% of Sum Assured, all along covering your life insurance upto 100 years.
b)Maturity benefit: In case the policyholder survives the policy period, Guaranteed pension starts, which he'll recieve lifelong along with continued insurance cover.
c)Death benefit: In case of death of policyholder during premium payment term, then Sum Assured along with the bonus and other benefits are paid. In case of death during the pension receiving term, then pension stops and the nominee receives Sum assured and bonus as a lumpsum amount.
d) Tax Benefit: In case of death of policyholder during premium payment term, then Sum Assured along with the bonus and other benefits are paid. In case of death during the pension receiving term, then pension stops and the nominee receives Sum assured and bonus as a lumpsum amount.
e) Riders: You can choose from a variety of Riders. Accidental and Disability Benefit Rider is most commonly opted. For a nominal premium, get double your Basic Sum Assured

Eligibility Conditions for LIC Jeevan Umang Online

a)Minimum Basic Sum Assured:Rs. 2,00,000
b)Maximum Basic Sum Assured:No limit
c)Policy Term:15, 20, 25 or 30 years
d)Premium Paying Term:Same as policy term 
e)Minimum Age at entry:90 days Completed
f)Maximum Age at Entry:55 years for 15 years Term50 years for 20 years Term45 years for 25 years Term40 years for 30 years Term
g)Maximum Age at end of PPT:30 years
h)Maximum Age at Maturity:100 years

FAQs about LIC Jeevan Umang Online

Who can buy LIC Jeevan Umang?

LIC Jeevan Umang is one of the most versatile plan. It can be gifted to a baby to secure his future, brought to save tax for a youngster or middle aged man can invest in it to start his pension.

Do I pay the premium Monthly or Annually?

LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.

How can I save Income Tax with this plan?

All premiums paid towards your LIC Jeevan Umang policy is considered for Income Tax saving under Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year. Also the Pension and other returns from this plan are tax free as well.

When is the best time to start investing in LIC Jeevan Umang?

Now is the best time!! Ideally one should start with tax saving LIC Jeevan Umang policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement,Save Tax from the start, disciplined savings habit from an early age. Also adequate life cover to start with.

When should I start LIC Jeevan Umang in the Finanical Year for Tax Saving?

Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.

Are the Pension and Maturity benefits or returns from LIC Jeevan Umang Tax free?

Yes !! Tax Free returns, pensions including bonus, sum assured or surrender value from LIC Jeevan Umang Pension plan under Income Tax Act 10(10D)

The premiums can be paid Yearly, Halfyearly, Quaterly or Monthly.

Policyholder can avail loan on policy after 3 successful years of premium payment.

Your LIC policy bond will be issued after acceptance of your online proposal.

Bonus added to your policy at the end of every financial year and paid on maturity along with sum assured.

Why buy LIC Jeevan Umang Online?