LIC Jeevan Umang Plan: Securing Your Retirement with Lifelong Income
LIC Jeevan Umang Plan is a comprehensive retirement plan offered by Life Insurance Corporation of India (LIC). This plan not only provides financial security during your working years but also ensures a regular income stream throughout your retirement.
Key Features of LIC Jeevan Umang Plan:
Lifelong Income: Jeevan Umang offers a unique feature of providing a regular income for your entire lifetime. This ensures that you have a stable income to meet your expenses and maintain your lifestyle even after retirement.
Survival Benefits: Under this plan, you receive a percentage of the sum assured every year after the premium payment term ends and until maturity or your demise, whichever is earlier. This provides a steady flow of income during your retirement years.
Death Benefit: In the unfortunate event of your demise during the policy term, your nominee receives the sum assured along with bonuses. This provides financial security to your loved ones and ensures that your retirement savings are not lost.
Maturity Benefit: On surviving the policy term, you receive the maturity benefit, which includes the sum assured and accrued bonuses. This lump sum amount can be utilized to fulfill your retirement goals or any other financial needs.
Participating Plan: Jeevan Umang is a participating plan, which means it is eligible for bonuses declared by LIC. These bonuses add to the overall maturity benefit and enhance the value of your policy.
Tax Benefits: The premiums paid and benefits received under LIC Jeevan Umang Plan are eligible for tax benefits as per the prevailing tax laws. This helps in reducing your tax liability and maximizing your savings.
By investing in LIC Jeevan Umang Plan, you can ensure a worry-free retirement with a lifelong income stream. The plan combines the benefits of insurance coverage and investment growth, providing financial security for you and your family.
To understand the plan in detail and customize it according to your retirement goals, consult with us and we can guide you through the process, explain the terms and conditions, and help you make an informed decision for a secure and comfortable retirement.