LIC JEEVAN UMANG
USPs of Table No 945
- 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
| MINIMUM | MAXIMUM | |
| Age at Entry | 90 days completed | 55 yrs NBD |
| Term | 100-Age at entry | |
| Age at the end of PPT | 30 yrs NBD | 70 yrs NBD |
| Sum Assured | Rs 2,00,000 | No upper limit |
| Age at Maturity | 100 yrs |
ILLUSTRATION OF LIC JEEVAN UMANG
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