LIC Jeevan Umang Policy: Earn ₹ 36,000 per annum for life by depositing just Rs 45

Life Insurance of India (LIC) makes plans for investment. In which many investments have been made. In which Saral Pension Yojana etc. runs. But today we will get information about LIC Jeevan Umang Policy through this article .

Jeevan Umang Policy 945

The country’s largest insurance company (Life Insurance Corporation of India), brings a variety of policies to its customers. You too can secure your future by investing in LIC policy. One such policy of LIC is Jeevan Umang Policy (LIC Jeevan Umang Policy) in which you can secure the future of your family by investing. In this article we will give detailed information about it.

Overview Of LIC Jeevan Umang Policy 

Name of ArticleLIC Jeevan Umang Policy
Type of articleInsurance Scheme
Policy NameLIC Jeevan Umang Policy 945
Policy premiumOnly Rs 45 per day
Estimated return of the policy36 lakh rupees
Official website

LIC Jeevan Umang Policy

LIC Jeevan Umang Plan can be availed by people from 90 days to 55 years. Life insurance cover up to 100 years is available under this policy. After the maturity of this policy, a certain amount will be credited to your account every year. If the policyholder dies, his nominee gets the amount.

45 Rupees Per Day Has To Be Paid

If you take this insurance policy even at the age of 26, and if you pay Rs. 4.5 lakhs for an insurance cover of 30 years, you have to pay Rs. 1350 has to be paid. This is approximately Rs. 45 per day. This way your premium will be Rs 15882 in one year, and in 30 years your premium will be Rs 476460.

36 Lakh Rupees Will Be Compensated

In this way, Life Insurance Corporation of India will start depositing 36 thousand rupees in your account as compensation every year from 31st year on your investment. In this way, if you continue to take a return of 36 thousand rupees every year from the 31st year of investment till the age of 100, you will get an amount of around 36 lakh rupees.

Features Of Jeevan Umang Policy 945

Key features of LIC Jeevan Umang (LIC Jeevan Umang in Gujarati) scheme are mentioned below.

  • It is a combination of both regular income and lump sum payments.
  • Gives an option to choose a premium payment term of 15 years, 20 years, 25 years or 30 years.
  • It is a life insurance plan with profit.
  • Provides life insurance till the policyholder reaches 100 years of age.
  • Offers a refund of up to 90% of the value if the policy holder has paid the premium regularly for 3 years and surrenders the plan.
  • LIC Jeevan Umang Policy offers a simple reversionary bonus as well as a final additional bonus.

Survival Benefits

If the insured survives till the final maturity of the policy, 8% of the sum assured is paid every year as survival benefits. This benefit is paid till the maturity of the plan or till the death of the insured. Once you complete 3 years of the policy term and if the plan is to be surrendered it offers a refund of up to 90% of the value.

Tax Exemption Will Be Available

You can invest for 15, 20, 25 or 30 years. After the maturity of your plan (LIC Jeevan Umang Plan) certain amount will be credited to your account. If the policyholder dies or becomes disabled in an accident. So he also gets the benefit of term rider under Umang policy.

By taking this Jeevan Umang Policy, tax exemption under Section 80C of Income Tax is also available. If you want to take a Jeevan Umang policy, you need to have a minimum sum insured of two lakh rupees. Life Insurance Corporation of India brings good plans for its customers from time to time.


1. LIC Jeevan Umang Policy will get tax relief or not?

Ans. LIC Jeevan Umang Policy will get tax relief under Section 80C of Income Tax.

2. LIC Jeevan Umang Policy at least how many years can be surrendered?

Ans. LIC Jeevan Umang Policy offers a refund of up to 90% of the value if the plan is surrendered after 3 years.

3. What will be the premium and return of LIC Jeevan Umang Policy?

Ans. The premium of LIC Jeevan Umang Policy will be only 45 rupees per day and the compensation will be up to 36 lakh rupees.

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