[ad_1]
LIC is the most trusted company in the country. It has special schemes for everyone. It gives people the option to grow their money and be financially secure in case of an unexpected death. LIC has been a great support system for the average middle class who do not want to face the risks of mutual fund market. LIC Jeevan Umang policy is an example of this.
LIC Jeevan Umang is one of the best policies of Life Insurance Corporation of India. It gives a good return. It also helps people to grow their retirement corpus. LIC Jeevan Umang plan gives you an insurance coverage of up to 100 years, which is huge.
8% return is available after the maturity of the policy. Bonus is also given at the time of maturity and death. The premium of the policy can help you save tax under 80C. The maturity amount is free from any income. This policy can be taken for people between the age of 90 days to 55 years. People get a lump sum amount on maturity. After this you will have a fixed income every year. It provides life cover for 100 years. After the death of the policyholder, his nominee will also get a lump sum amount as death benefit.
If one pays a premium of Rs 1302 per month, you would have invested Rs 15298. If you invest this money for 30 years, it will grow to Rs 4.78 lakh. After the 31st year, you start getting Rs 40,000 every year. That is, you will get Rs 27.60 lakh.
[ad_2]
Source link
