New Delhi: Insurance behemoth Life Insurance Corporation of India (LIC) comes out with various types of insurance policies suiting individual needs and preference.
Life Insurance Corporation of India’s Jeevan Umang plan offers a combination of income and protection to your family. 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.
Eligibility Conditions and Other Restriction of LIC’s Jeevan Umang plan
Minimum Basic Sum Assured : Rs. 2,00,000
Maximum Basic Sum Assured : No limit
(The Basic Sum Assured shall be in multiples of Rs. 25,000-)
Premium Paying Term : 15, 20, 25 and 30 years
Policy Term : (100 – age at entry) years
Minimum Age at entry : 90 days (completed)
Maximum Age at entry : 55 years (nearest birthday)
Minimum Age at the end of premium paying term : 30 years (nearest birthday)
Maximum Age at the end of premium paying term : 70 years (nearest birthday)
Age at maturity : 100 years (nearest birthday)
For more details you can read this policy document: https://licindia.in/getattachment/Products/Insurance-Plan/LICs-Jeevan-Um...(2021).pdf.aspx