What is LIC Jeevan Umang?

LIC Jeevan Umang (Plan 945) is a specially designed participating whole life insurance plan offered by Life Insurance Corporation of India (LIC). This plan is ideal for individuals who want long-term financial security along with guaranteed lifetime income.

The most unique feature of LIC Jeevan Umang is that it provides life insurance coverage and income benefits up to the age of 100 YEARS. This ensures financial stability not only during your earning years but also throughout retirement and old age.

Once the chosen premium paying term is completed, the policyholder starts receiving annual survival benefits, while the life cover continues simultaneously. In case of the policyholder’s death at any time during the policy term, the nominee receives a comprehensive death benefit, ensuring complete family protection.

LIC Jeevan Umang is an excellent choice for those looking for a single plan that combines insurance protection, retirement income, and long-term wealth creation, backed by the trust and stability of LIC.

Key Features of LIC Jeevan Umang

• Whole life insurance coverage till age 100
• Guaranteed annual survival benefit after PPT
• Attractive bonus additions
• Flexible premium payment terms – 15, 20, 25 & 30 years
• Financial security for family

Survival Benefits (Lifetime Income)

• 8% of Basic Sum Assured paid every year
• Income starts after completion of premium term
• Paid till the age of 100 years
• Ideal for retirement & passive income planning

Death Benefit

• Sum Assured on Death
• Accrued Simple Reversionary Bonus
• Final Additional Bonus (if applicable)

Maturity Benefit

• Paid on survival till age 100
• Basic Sum Assured
• Accrued bonuses
• Final additional bonus

Tax Benefits

• Premium eligible under Section 80C
• Maturity & death benefits under Section 10(10D)
• Tax-free income as per prevailing rules

Why Choose JATISHREY?

• Authorized LIC advisory support
• Transparent premium explanation
• Long-term service assistance
• Trusted financial consultancy