LIC of India · Life insurance
Jeevan Umang
A whole life plan that pays a yearly income after the premium term and cover up to age 100.
Plan at a glance
Plan typeParticipating, non-linked whole life
Entry age30 days up to 55 years, depending on the premium term
Policy termCover runs up to age 100
Premium paying term15, 20, 25 or 30 years
Minimum sum assured₹2,00,000
Yearly survival benefit8% of basic sum assured, after premiums end
Key benefits
- 8% of the basic sum assured is paid every year after the premium-paying term, while the policy is in force up to age 100
- On death, the higher of 7 times the annualised premium or the basic sum assured, with at least 105% of premiums paid, plus bonuses
- The death benefit can be taken as a lump sum or in instalments over 5, 10 or 15 years
- At age 100, the basic sum assured plus vested bonuses is paid
- A loan is available once the policy has a surrender value
Best suited for
People who already have enough term cover and want lifelong protection with a predictable yearly income and a legacy for the family.
Details are as published for this plan and can change. LIC's sales brochure and policy document decide the final terms. Selvakumar will confirm the current terms and give you a personal illustration. Insurance is the subject matter of solicitation.