LIC Policy: Invest Rs 4166 every month in LIC Jeevan Umang plan and cross Rs 10,00,000
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LIC is India’s most trusted company and keeps coming up with new cradles for its customers. LIC Jeevan Umang Plan is a life insurance plan offered by Life Insurance Corporation of India (LIC) that offers comprehensive life coverage and an opportunity to earn good returns on investment. The plan offers a host of benefits which makes it an attractive option for individuals looking for a long term investment plan.
Benefits of LIC Jeevan Umang Plan:
Life Insurance: This plan provides life cover in the event of death of the policy holder, ensuring financial security for the family of the policy holder.
Guaranteed Growth: The plan offers guaranteed growth on the Sum Assured, which helps in increasing the overall Sum Assured of the policy and increasing the return on investment.
Loyalty Additions: The plan offers Loyalty Additions, which are announced by LIC from time to time, and help in increasing the overall sum assured of the policy.
tax benefit: The premium paid for LIC Jeevan Umang plan is eligible for tax deduction under section 80C of the Income Tax Act.
Loan Facility: The policy holder has the option of taking a loan against the policy subject to terms and conditions.
Who can apply for LIC Jeevan Umang plan?
Individuals in the age group of 8 years to 55 years are eligible to apply for the plan. The minimum sum assured for the policy is Rs.1,00,000, and there is no maximum limit.
How to apply for LIC Jeevan Umang plan?
Applying for LIC Jeevan Umang plan is simple and convenient. Individuals can apply for the plan online at the official website of LIC or visit the nearest LIC branch. The process includes filling the application form, submitting the required documents and making the premium payment.
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