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HomeFinanceHere’s how you can get Rs 27.60 lakh by depositing as little...

Here’s how you can get Rs 27.60 lakh by depositing as little as Rs 44 under LIC Jeevan Umang Policy.

A term rider benefit is also available under this policy in the event of the investor's accidental death or disability.

New Delhi: From time to time, LIC offers phenomenal arrangements to its buyers. You might get your and your family’s future by putting resources into these plans. For this situation, LIC has a unique plan called Jeevan Umang Policy, in which you can contribute and get huge returns. We should get the message out with regards to this fabulous strategy.

LIC Jeevan Umang Policy


In numerous ways, the Jeevan Umang policy varies from past programs. This inclusion is accessible to anybody matured 90 days to 55 years. This is a drawn out speculation methodology. Alongside life coverage, a single amount installment is given at development. Later development, a yearly fixed pay will be deposited into your account.

The single amount installment will be paid to the policyholder’s relatives and chosen one later the policyholder’s death. One more advantage of this arrangement is that it covers you up for 100 years.

Rs 27.60 lakh will be received

If you pay a monthly premium of Rs 1302 on this policy, you will pay Rs 15,298 in a year. If you keep this policy for 30 years, the money will be around Rs 4.58 lakh. From the 31st year onwards, the company will pay you a return of Rs 40,000 every year on your investment. If you take a Rs 40,000 annual return from 31 to 100 years, you’ll collect almost Rs 27.60 lakh.

Policyholder also gets the benefit of term rider

A term rider benefit is additionally accessible under this strategy in case of the investor’s coincidental demise or inability. Market hazard makes little difference to this arrangement. The incomes and misfortunes of LIC obviously affect this approach.

This arrangement meets all requirements for an expense exclusion under segment 80C of the Internal Revenue Code. On the off chance that somebody wishes to get a LIC Jeevan Umang Policy, he should protect himself for at minimum Rs 2 lakh.

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