Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 4K views

    Lic Jeevan Umang Plan PDF

    Uploaded by

    RAVINDRA SINGH
    LIC's Jeevan Umang plan is a whole life insurance plan that provides a guaranteed pension of 8% of the basic sum assured from the end of the premium paying term until age 100. It offers life coverage, guaranteed returns even in a lowering interest rate environment, tax benefits, and survival benefits. Key features include guaranteed returns, tax exemptions, optional riders, and benefits for nominees on death or maturity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Lic Jeevan Umang Plan PDF

    Uploaded by

    RAVINDRA SINGH
    4K views3 pages
    LIC's Jeevan Umang plan is a whole life insurance plan that provides a guaranteed pension of 8% of the basic sum assured from the end of the premium paying term until age 100. It offers life coverage, guaranteed returns even in a lowering interest rate environment, tax benefits, and survival benefits. Key features include guaranteed returns, tax exemptions, optional riders, and benefits for nominees on death or maturity.

    Original Title

    LIC JEEVAN UMANG PLAN.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    LIC's Jeevan Umang plan is a whole life insurance plan that provides a guaranteed pension of 8% of the basic sum assured from the end of the premium paying term until age 100. It offers life coverage, guaranteed returns even in a lowering interest rate environment, tax benefits, and survival benefits. Key features include guaranteed returns, tax exemptions, optional riders, and benefits for nominees on death or maturity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4K views3 pages

    Lic Jeevan Umang Plan PDF

    Uploaded by

    RAVINDRA SINGH
    LIC's Jeevan Umang plan is a whole life insurance plan that provides a guaranteed pension of 8% of the basic sum assured from the end of the premium paying term until age 100. It offers life coverage, guaranteed returns even in a lowering interest rate environment, tax benefits, and survival benefits. Key features include guaranteed returns, tax exemptions, optional riders, and benefits for nominees on death or maturity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    LICs Jeevan Umang Plan (T-845) is a Limited Premium Paying whole Life Endowment Plan

    which provides Life Time Guaranteed Pension of 8% after Premium Paying Term and till the age
    of 100 and also provides Maturity at the end of term or on death to the nominee. In the scenario
    of decreasing interest rate this plan provides 8% guaranteed return per annum..

    Why Should I INVEST ?


    Pay Premium for a Limited Period.
    Claim 80c Tax Rebate.
    Enjoy the Risk Cover too.
    Ensure Your Financial Stability in Future.
    Get survival Benefit every year at 8% of Basic Sum Assured.
    100% Tax Free.
    Fixed and Guaranteed by Govt. of India.
    Enjoy the Extended Risk Cover.
    Create Estate for Your Family.
    Maturity with Full Bonus and Tax Free under 10(10D).
    Optional Riders available viz. Accidental Death and Disability Rider, Term assurance Rider, Critical
    Illness Rider.
    Dating Back Facility in same FY.
    NRI and FNIO Eligible.
    Loan and Surrender Facility Available.
    Revival allowed within 2 years from date of FUP.

    USPs:
    o In Scenario of Decreasing Interest Rates Lifelong Guaranteed Return of 8%.
    o Ideal Gift from Parents/Grandparents.
    o Plan can be gifted on DOB of Child/Parent/Grand parent or on Marriage anniversaries.
    o Can be sold as GUARANTEED Deferred Annuity Pension Plan.
    o Child will get SB throughout his/her life.
    Survival Benefits: On the life assured surviving the end of premium paying term(PPT) provided
    all due premiums have been paid: Survival benefit will be equal to 8% of basic sum assured will
    be paid each year till the life assured survives or till the policy.
    Maturity Benefits: On the life assured surviving the end of policy term (100- Age at entry)
    provided all premiums have been paid Sum Assured along with vested simple reversionary bonus
    and FAB(if any) shall be payable.
    Death Benefits: On the life assured surviving the end of policy term (100- Age at entry) provided
    all premiums have been paid Sum Assured along with vested simple reversionary bonus and
    FAB(if any) shall be payable.

    Commencement of Risk:
    o In case, the Policy Holder is less than 8 year old, then, Life Cover will start 2 year after Date of
    Commencement of Policy or completion of 8 year of age, whichever is earlier.
    o If policy holder is 8 year old at the time of buying policy then, risk will start immediately
    Eligibility Criteria
    Age at Entry 90 Days (Completed)
    Premium Paying Term (PPT) 15, 20, 25, & 30 Years

    55 for 15 PPT
    Maximum Age at Entry in
    50 for 20 PPT
    Years)
    (As per Nearest Birthday) 45 for 25 PPT
    40 for 30 PPT

    For age 0 to 4 years minimum PPT will be 30 years


    For age 5 to 9 years minimum PPT will be 25 years
    Minimum Age at the end of PPT
    30 Years For age 10 to 14 years minimum PPT will be 20
    (SB will commence after PPT) years
    For age 15 and above minimum PPT will be 15
    years
    Age at Maturity 100 Years (Nearest Birthday)
    Policy Term 100 Age at Entry
    Basic Sum Assured 2,00,000 and above in multiples of 25,000
    Yearly, Half Yearly, Quarterly & Monthly (SSS and
    Premium Paying Mode
    NACH Only)
    2% on yearly, 1% on Half Yearly, Nil on Quarterly
    Premium Payment Mode rebate
    & Monthly
    Loan and surrender Available after 3 years

    You might also like