LIC JEEVAN UMANG

LIC Jeevan Umang is a customary, non-connected with-benefit plan entire life confirmation plan. It is a blend of both pay and protection. LIC Jeevan Umang offers a real existence conceal to 100 years. That offers guaranteed survival advantage toward the finish of the premium paying term, a single amount sum on the consummation of the strategy term or on the death of the arrangement holder during the approach time frame.

Key highlights of the LIC Jeevan Umang Plan

• Profit advantage of Tax-Free Guaranteed Income of 8% for Lifetime.
• It is a mix of both customary pay and Lump sum installment.
• Perfect for Savings and Retirement Planning.
• Offers life spread till the policyholder turns 100 years.
• Tax benefit on Premiums paid u/s 80C.
• Tax-Exempt Maturity u/s (10 D).
  
  
  

Qualification Criteria For Jeevan Umang

Least Age At Entry 90 Years (Completed)

 

Greatest Age At Entry 55 Years (Nearest Birthday) For 15 Years PPT

50 Years (Nearest Birthday) For 20 Years PPT

45 Years (Nearest Birthday) For 25 Years PPT

40 Years (Nearest Birthday) For 30 Years PPT

 

Premium Paying Term(PPT) 15,20,25 and 30 Years

 

Age At Maturity 100 Years

Policy Term 100 Years

Least Sum Assured 2,00,000/ –

Most extreme Sum Assured No Limit (Shall Be In Multiple 25,000/-)

Policy Mode Yearly, Half-Yearly, Quarterly, Monthly (NACH Only)

 

Yearly, Half-Yearly, Quarterly, Monthly (NACH Only)

 

Yearly – 2%, Half-Yearly – 1%, Quarterly and Monthly – Nil

 

High Sum Assured Rebate (Per Thousand) 2,00,000 To 4,75,000 – Nil

5,00,000 To 9,75,000 – 1.25% On B.S.A. 10,00,000 To 24,75,000 – 1.75% On B.S.A. 25,00,000 and Above – 2.00% On B.S.A.

 

Loan Payment of Premiums For At Least 3 Full Years

Revival Within 2 Years of Lapse

Survival Benefits:

After fulfillment of premium paying term, 8% of Sum guaranteed is paid each year till 100 years old.

Maturity Benefits:

A lump-sum installment comprises of Sum guaranteed + reward is paid on fulfillment of 100 years old.

Death benefit:

If there should arise an occurrence of death of life protected before the hazard initiation date, LIC will restore all the premiums paid without enthusiasm to the chosen one. Be that as it may, on the off chance that the policyholder endures a demise after the hazard beginning date, LIC will offer the total guaranteed to the chosen one. This will incorporate basic reversionary reward just as last extra reward assuming any.

 

Call or e-Mail Us to Buy a Policy: 09873085969 | info@insurances24x7.com

LIC JEEVAN LABH PLAN

LIC’s Jeevan Labh Plan is a Non-Linked Limited Premium Paying Endowment Assurance Plan. This plan offers a mix of security and sparing highlights. LIC New Jeevan Labh Plan gives Optional Benefit, Accidental Death and Disability Benefit Rider by installment of extra premium. LIC New Jeevan Labh Plan essential element is a restricted premium installment alternative. For the 16-year arrangement term, the client needs to pay a premium for a long time. For 21 and 25 years of the approach term, the policyholder needs to pay the premium for 15 and 16 years separately.

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  High extra rates guarantee money related independence in future.
• Money related Assistance is given to the group of Life Assured if demise happens before the Maturity Period.
• At the season of Maturity of the Policy, the aggregated amount is given to the Policyholder.
• The Proposer can profit the LIC’s Accidental Death and Disability Benefit Rider and LIC’s New Term Assurance Rider alternative on the installment of extra premium.
• Paid premiums are exempted from personal duty under 80C
• Maturity sum is tax exempt under 10 (10D)

Qualification Criteria of Jeevan Labh Plan

Least Age At Entry 8 Years (Completed)

Most extreme Age At Entry 59 Years for 16 Year Policy Term

54 Years for 21 Year Policy Term

50 Years for 25 Year Policy Term

Most extreme Maturity Age 75 Years(Nearest Birthday)

Approach Term and (Premium Paying Term) 16 and (10), 21 and (15), 25 and (16)

Least Sum Assured 200000/ –

Most extreme Sum Assured No Limit (Sum Assured In Multiple 10000/ – )

Approach Mode Yearly, Half-Yearly, Quarterly, Monthly (NACH Only)

Refund Of Mode Of Premium Yearly-2%

Half-Yearly-1%

Quarterly and Monthly-Nil

High Sum Assured Rebate 2,00,000 To 4,95,000 – Nil

5,00,000 To 9,90,000 – 1.25% On B.S.A.

10,00,000 To 14,90,000 – 1.50% On B.S.A.

15,00,000 And Above – 1.75% On B.S.A.

Mortgage After Payment Of Premiums For At Least 3 Full Years

Surrender Permitted After 3 Year

Maturity Benefits

If there should be an occurrence of life guaranteed gets by through the arrangement term, s/he will get Sum Assured on Maturity together with vested revisionary rewards and Final Additional Bonus, assuming any.

Development advantage (Benefits payable on development) = Basic Sum Assured + vested Simple Reversionary Bonuses + Final Additional Bonus, assuming any.

Demise Benefits

The Nominee will get the Death Benefit from the Corporation if the Policyholders Death happens during the Policy Term. The Death Benefit ought not to be not exactly 105% of all the premiums paid as on date of death.

Amount Assured on Death = 10 Times of Annualized Premium or Absolute Amount guaranteed to be paid on Death, i.e., Basic Sum Assured.

Amount Assured on Death = 10 Times of Annualized Premium or Absolute Amount guaranteed to be paid on Death, i.e., Basic Sum Assured.

Call or e-Mail Us to Buy a Policy: 9873085969 | info@insurances24x7.com