New LIC Plan: Investing is a lifelong commitment. Putting your money into assets that can provide big returns and are very desirable. Consider the Life Insurance Corporation (LIC). It has a policy called Jeevan Umang. This endowment plan safeguards your funds while ensuring your financial success in the future.
Jeevan Umang policy is distinct from others in that, in addition to protecting the life of the life assured, it also assists the policyholder in saving regularly over a predetermined period of time so that, in the event of survival during the policy term, a lump sum payment can be made at policy maturity.
What happens if the person dies?
Pays the entire sum insured to the beneficiaries if the life assured dies during the policy period. Individuals between the ages of 90 days and 55 years can benefit. This policy offers coverage for up to 100 years.
How can you get Rs 36,000 every month?
After the payment is paid, you will receive the benefit of Behemoth’s annual revenue for up to 100 years. You will receive 8% of the plan amount. For example, suppose you are 26 years old and wish to get a 4.5 lakh insurance. You must pay the premium for a period of 30 years.
If you have paid all premiums up to the required age, you will begin receiving an amount of 8%, i.e. Rs 36,000, on the 31st year.