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JEEVAN UMANG PLAN - 745

In this world of uncertainty, LIC offers a unique blend of whole life Insurance with Guaranteed Tax free returns for life time. After the premiums are paid for the stipulated period, Tax free returns @ 8% of the Sum Assured is paid every year for whole life. On Maturity, Sum Assured + bonus is paid.

A Regular Premium paying, Non-linked, Conventional with-profits Endowment Assurance plan

Eligibility Conditions & Restrictions
Minimum age : 30 days (Completed)
Maximum age : 55 years
Premium paying term : 15, 20, 25 and 30 years
Policy Term/ Maturity : 100 Years
Minimum Sum Assured : Rs.2,00,000
Maximum Sum Assured : No limit
Premium Payment : Yearly / Half yearly / Quarterly / Monthly (Thru Bank)
Loan : Eligible after 2 years
Surrender : Eligible after 2 years
After Premium paying term : 8% of Sum Assured (Tax-free) is paid every year for whole life
On Maturity/Death : Sum Assured + Bonus is payable
Income Tax Benefits : (i) Premiums paid are eligible for Tax rebate u/s 80c
(ii) Maturity amount / Death claim is Non-taxable u/s 10(10d)
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