Jeevan Umang

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LICs Jeevan Umang 945 Plan

a)Pension:LIC Jeevan Umang gives assured Lifelong Pension at the rate of 8% of Sum Assured, all along covering your life insurance upto 100 years.
b)Maturity benefit:In case the policyholder survives the policy period, Guaranteed pension starts, which he’ll recieve lifelong along with continued insurance cover.
c)Death benefit:In case of death of policyholder during premium payment term, then Sum Assured along with the bonus and other benefits are paid. In case of death during the pension receiving term, then pension stops and the nominee receives Sum assured and bonus as a lumpsum amount.
d)Tax Benefit:In case of death of policyholder during premium payment term, then Sum Assured along with the bonus and other benefits are paid. In case of death during the pension receiving term, then pension stops and the nominee receives Sum assured and bonus as a lumpsum amount.
e)Riders:You can choose from a variety of Riders. Accidental and Disability Benefit Rider is most commonly opted. For a nominal premium, get double your Basic Sum Assured

Eligibility Conditions for LIC Jeevan Umang

a)Minimum Basic Sum Assured:Rs. 2,00,000
b)Maximum Basic Sum Assured:No limit
c)Policy Term:15, 20, 25 or 30 years
d)Premium Paying Term:Same as policy term 
e)Minimum Age at entry:90 days Completed
f)Maximum Age at Entry:55 years for 15 years Term50 years for 20 years Term45 years for 25 years Term40 years for 30 years Term
g)Maximum Age at end of PPT:30 years
h)Maximum Age at Maturity:100 years

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