LIC Jeevan Umang Policy: Life Insurance Corporation of India Life Insurance Corporation of India, the nation’s largest and oldest insurance firm, has crores of policyholders throughout the nation. The firm retains on developing with schemes every so often for each part of the nation. If you want to safe your outdated age, then you can avail pension in outdated age by investing in LIC Jeevan Umang Policy.
The particular factor about this scheme is that in this you can get the profit of the coverage till the age of 100 years. If you additionally want to get a return of Rs 36,000 yearly in much less funding, then you can invest in LIC Jeevan Umang Policy. Let us give you details about the particulars of this coverage of LIC-
What is LIC’s Jeevan Umang coverage?
Let us inform you that Jeevan Umang Policy is a particular endowment plan, in which you get insurance cowl in addition to a hard and fast income after a number of years of funding, which is sort of a pension. People between the age of 90 days to 55 years can invest in this scheme. If a policyholder dies earlier than the maturity of the coverage, then his members of the family or nominee will get a lump sum quantity.
Benefit of tax exemption shall be obtainable on funding in the scheme
If you are a salaried particular person and your income falls in the tax slab, then in such a state of affairs, you get a deduction of Rs 1.5 lakh underneath part 80C of income tax. In this coverage, you get a sum assured of Rs 2 lakh. Keep in thoughts that you should buy this coverage for 15 years, 20 years, 25 years and as much as 30 years.
In this means you will get a pension of Rs 36,000
Let us inform you that in this scheme, you get a hard and fast income yearly for the quantity of time you purchase the scheme in response to your want. You can get this income till the age of 100 years. In this, you get 8% of the plan taken on the foundation of sadhna.
If an individual buys this scheme at the age of 26 with a sum assured of Rs 4.5 lakh for 30 years, then he begins getting 8% of the invested quantity i.e. Rs 36,000 as annual income from the thirty first yr. This return will be obtainable till the age of 100 years. At the identical time, the premium of yearly is obtained in a lump sum in the thirtieth yr.
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