As individuals it is inherent to differ. Each individual’s insurance needs and requirements are different from that of the others. LICs Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement.
UIN
512N312V02
Plan – 745
Product Summary
LIC’s Jeevan Umang Plan is a non-linked, participating, individual, life assurance savings plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.
Premium Payment Mode
The modes of premium payment allowable are Yearly, Half Yearly, Quarterly, and Monthly (through NACH only) or through salary deductions (SSS).
Eligibility conditions and restrictions
| Minimum Age at entry: | 90 days (completed) |
| Maximum Entry Age: | 55 years (nbd) for PPT=15 50 years (nbd) for PPT=20 45 years (nbd) for PPT=25 40 years (nbd) for PPT=30 |
| Minimum age at the end of the PPT: | 18 years (nbd) |
| Maximum Age at the end of PPT: | 70 years (nbd) |
| Age at Maturity: | 100 years (nearer birthday) |
| Policy term: | (100 – age at entry) years |
| Premium Paying Term: | 15,20,25 and 30 years |
| Minimum Basic Sum Assured: | Rs. 2,00,000/- |
| Maximum Basic Sum Assured: | No Limit |