| Age | Risk cover | Accidental Cover | Guranteed Return |
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Features of LIC New Jeevan Umang:
Premium Payment Term:
The premium payment term for this plan is limited to 15 years, 20 years, 25 years, or 30 years, depending on the policyholder’s choice.
Policy Term: The policy term is the policyholder’s entire life, ensuring that they are financially secure throughout their lifetime.
Bonus: The policyholder is entitled to receive simple reversionary bonuses, which are declared annually and are added to the policy’s sum assured.
Loan Facility: The policyholder can avail of a loan against the policy’s surrender value, which can help them in case of a financial emergency.
Eligibility Criteria for LIC New Jeevan Umang:
Minimum Age at Entry: 90 days (completed)
Maximum Age at Entry: 55 years (nearest birthday)
Premium Payment Term: 15 years, 20 years, 25 years, or 30 years
Minimum Sum Assured: Rs. 2 lakhs
Conclusion
LIC’s New Jeevan Umang plan is an excellent option for those looking for guaranteed income and financial security throughout their lifetime.
With its unique features, including a limited premium payment term, whole-life coverage, and tax benefits, it is a popular choice among policyholders.
We hope these comprehensive Details of the plan’s benefits, features, and eligibility criteria has helped you understand why it’s worth considering for your financial needs.
