Life Insurance Corporation of India (LIC) has launched a long term Akshay Nidhi policy ‘Jeevan Umang’.

By | 1 Jul, 2020

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The policy will provide income and security, including an eight per cent annual return for 100 years. The ‘Jeevan Umang’ policy was launched on Tuesday. A few days ago, there were questions as to whether LIC would be able to pay any interest at 8 per cent per annum on its new scheme ‘Jeevan Umang’.

Let us tell you about 10 special things connected with this life.

LIC Jeevan Umang Yojana is available from 16th May. This is a non-linked plan i.e. this insurance policy is a market risk free plan.

LIC Chairman VK Sharma says that the scheme will provide annual benefits from the completion of premium till the age of 99 years and the nominee will get a lump sum amount on maturity of the policy or death of the insured during the term of the policy.

The peculiarity of this plan is that if all the installments are paid till the premium is paid, the insured will get a minimum guaranteed amount.
LIC’s Jeevan Umang Yojana is available for anyone from 90 days to 55 years.

The premium for this policy will be 25,000 or in multiples of 15,20,25,30 options. It has life insurance coverage for life, no separate premium.

Paying premiums only for a fixed time limit of 15, 20, 25 or 30 years This plan gives you 8% of life insurance every year for a lifetime.

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