LIC Jeevan Umang Scheme / LIC's great scheme, by investing Rs 1300 you will get a lifetime pension of Rs 40,000

LIC Jeevan Umang Scheme: If you are looking for an investment plan that provides you with lifelong security as well as good returns, then LIC's Jeevan Umang policy can be an ideal option for you. This plan not only provides insurance cover up to the age of 100 years, but also assures regular income. The most important thing is that you can get big savings and permanent income by investing only Rs 1302 per month i.e. Rs 15,600 annually. Let's understand this scheme in simple language and know how this small investment can make your future secure and prosperous.

What is LIC Jeevan Umang Yojana?

LIC Jeevan Umang is a life insurance plan that provides insurance cover up to the age of 100 years. The specialty of this plan is that it gives you the benefit of regular income (guaranteed survival benefit) and bonus. After the completion of the premium payment term, the policyholder starts receiving a fixed amount every year, which continues till the age of 100 years. This plan is suitable for everyone from children to senior citizens. Anyone from the age of 90 days to 55 years can invest in it.

Key features of the plan:

Insurance cover up to 100 years: Lifetime protection, up to a maximum age of 100 years.

Regular income: Guaranteed income every year after completion of the premium payment term.

Bonus: Bonus as an additional benefit.

Flexibility: Choose premium payment term of 15, 20, 25 or 30 years.

Tax benefits: Tax exemption under section 80C on premium and under section 10(10D) on maturity amount.

Investing Rs 1302 per month gives you an annual return of Rs 40,000

Suppose you start investing in this scheme at the age of 30 and deposit Rs 1302 every month for 30 years. This means you invest Rs 15,600 annually and a total of Rs 4.68 lakh in 30 years. After the completion of the premium payment term, i.e. from the age of 60, you start getting a guaranteed income of up to Rs 40,000 every year. This income will continue to be available every year till you are 100 years old, i.e. for 40 years.

Calculation Example:

Age: 30 years

Premium Payment Term: 30 years

Monthly Premium: Rs 1302 (Rs 15,600 per annum)

Total Investment: Rs 15,600 x 30 years = Rs 4,68,000

Survival Benefit: Rs 40,000 per annum from age 60 to 100 years

Total Income (in 40 years): Rs 40,000 x 40 years = Rs 16,00,000

Additional Benefits: Bonus and final maturity amount (as per policy terms)

Also, if the policyholder dies, the nominee gets the benefit of sum assured and bonus. This way, this plan not only gives regular income but also provides financial security to your family.

Life protection and tax benefits up to 100 years

LIC Jeevan Umang Plan not only offers regular income and bonuses, but it also provides life insurance cover up to 100 years. If the policyholder dies during or after the premium payment term, the nominee receives the sum assured along with the bonus amount.

Apart from this, investing in this plan also offers you tax benefits:

Section 80C: Tax exemption of up to Rs 1.5 lakh per annum on premium payment.

Section 10(10D): Maturity amount and survival benefit are completely tax-free.

Who is this plan suitable for?

• LIC Jeevan Umang Plan is ideal for those who:
• Want regular income for a long time.
• Want to provide financial security to their family.
• Are looking for investment options with tax savings.
• Want stable returns with low risk.

This plan is an excellent option for children's future, retirement planning, or to create a source of regular income for senior citizens.