Life Insurance coverage Company of India (LIC), the nation’s largest life insurance coverage firm, which provides an entire lot of insurance coverage insurance policies reminiscent of time period insurance policy, endowment plans and a refund plans, additionally provide whole-life insurance policy. LIC’s Jeevan Umang Coverage is without doubt one of the whole-life insurance policy being supplied by the nation’s largest insurance coverage firm. LIC’s Jeevan Umang Coverage provides a mix of earnings and safety to a person’s household, LIC mentioned on its web site https://www.licindia.in. Any particular person between the age of 90 days and 55 years should purchase LIC’s Jeevan Umang Coverage for a minimal sum assured of Rs 2 lakhs, LIC added.
Listed here are particulars of LIC Jeevan Umang Coverage’s premium, sum assured, eligibility guidelines and maturity timelines:
LIC Jeevan Umang Plan has 4 completely different premium paying phrases i.e. 15 years, 20 years, 25 years and 30 years, based on LIC.
An particular person as much as most age of 55 years or guardian/guardian of 90 days outdated child should purchase the LIC Jeevan Umang coverage for minimal sum assured of Rs 2 lakh and there’s no most restrict for the sum assured.
LIC Jeevan Umang’s coverage time period is for your complete lifetime of a person and as much as most of 100 years, LIC famous on its web site.
Beneath the LIC Jeevan Umang plan, if a person has paid all of the premiums, the survival profit on the price of eight per cent will likely be paid to the coverage holder on the finish of premium paying time period and thereafter on completion of every subsequent yr until the life assured survives, LIC mentioned.