LIC JEEVAN UMANG

LIC JEEVAN UMANG
LIC JEEVAN UMANG

USPs of Table No 845

  • Ideal gift from grand/parents for children
  • 8% of annual benefit from end of ppt to till maturity 100yrs
  • Tax free moneyback and returns
  • Non linked, whole life, with profit plan
  • If premium paid for 3 yrs, then even after lapsation, all benefits remain as it is on reduced sum assured

Money Back Benefits: 8% of the basic sum assured is payable every year till 100yrs or till life assured survives whichever is earlier provided all premium duly paid. Note: These money back will be tax free.

Maturity Benefits : Sum assured on Maturity along with vested simple reversionary bonus and FAB payable at the end of the policy term on survival of life assured provided all premiums have benn paid.

Death Benefit : (i) Before starting of risk – For a child the risk cover starts 2 year after date of commencement of policy or 8yrs of age whichever is earlier. The total amount of premium without any interest or bonus will be returned to the proposer.

(ii) After starting of risk cover : Sum of sum assured on death & vested simple reversionary bonuses & FAB will be payable.

Eligibility Conditions and Restrictions

MINIMUMMAXIMUM
Age at Entry90 days completed55 yrs NBD
Term 100-Age at entry
Age at the end of PPT30 yrs NBD70 yrs NBD
Sum AssuredRs 2,00,000No upper limit
Age at Maturity100 yrs

ILLUSTRATION OF LIC JEEVAN UMANG

LIC JEEVAN UMANG
LIC JEEVAN UMANG

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