If you're planning for a stress-free retirement with financial security, the LIC jeevan Umang Policy might be just the plan you need. This policy is one of LIC's most popular offerings, combining life insurance with a pension plan that provides benefits well into your retirement years.
Here’s why this plan could be the best investment option for those looking for long-term financial stability and peace of mind.
1. Low Investment, High Benefits
For just Rs 1,300 per month, you can secure your future with a policy that gives you a lifetime pension along with life cover during the policy term. This low premium makes it accessible to a wide range of individuals, especially those who are just starting to save for their retirement.
· Premium: Starting at Rs 1,300 per month.
· Returns: The policy provides both risk cover and tax-free benefits after the premium-paying period is over.
2. Lifetime Pension with Bonus Facility
The Jeevan Umang Policy ensures that you enjoy a steady pension after the policy term ends. You receive regular income for life, which can be a great financial support when you retire. Additionally, the plan comes with a bonus facility, meaning your returns grow over time.
· Pension Payments: Paid monthly, quarterly, half-yearly, or annually based on your preference.
· Bonus: Your policy may participate in LIC’s corporate bonus, increasing your returns.
3. Comprehensive Life Cover
While you’re preparing for your retirement, you also get life insurance protection under the jeevan Umang policy. This means your family will receive a sum-assured death benefit in case of an unfortunate event, making it a comprehensive insurance solution.
· Death Benefit: Provides a sum-assured along with bonuses.
· Protection: Covers you for life, even after the premium-paying term ends.
4. Flexibility in Premium Payments
LIC offers flexibility with the Jeevan Umang Policy, allowing you to choose the premium paying term based on your financial situation. You can opt for a regular premium plan or a limited premium plan, where you only need to pay premiums for a specific number of years.
· Premium Term: You can choose between regular premium or limited premium options, which means you can pay premiums for 15, 20, or 25 years, depending on your convenience.
· Pension Start: You can start receiving your pension as early as the end of the policy term.
5. Tax Benefits Under Section 80C
The LIC jeevan Umang Policy offers tax benefits under Section 80C of the Income Tax Act, meaning the premiums you pay are eligible for deduction from your taxable income, up to Rs 1.5 lakh per year.
· Tax Savings: Enjoy deductions under Section 80C for the premiums you pay.
· Tax-Free Payouts: The pension you receive is tax-free, subject to applicable laws.
6. Ideal for Long-Term Financial Security
Whether you’re just starting out in your career or looking to secure your family’s future, this plan is perfect for anyone looking for long-term financial stability. The Jeevan Umang Policy is designed to cater to young professionals, families, and those planning their retirement.
· Ideal for: Individuals in their 20s or 30s who want to secure their future early.
· Long-Term Benefit: Ensures regular income after retirement or age 60.
7. Simple application Process
Applying for the Jeevan Umang Policy is simple and convenient. You can visit your nearest lic branch or apply online for a smooth and hassle-free experience.
· Application Method: Available online through LIC's website or by visiting a local lic office.
· Policy Documents: You’ll receive the policy document along with detailed terms and conditions.
Key Takeaways: Why Choose the lic jeevan Umang Policy?
· Low Premiums: Starting at Rs 1,300/month.
· Lifetime Pension: Receive regular income for life after the premium-paying term.
· Tax Benefits: Premiums eligible for Section 80C deduction.
· Comprehensive Cover: Life insurance protection with sum-assured death benefit.
· Bonuses: The policy participates in LIC’s corporate bonus, increasing your benefits over time.
Conclusion: Secure Your Future with lic jeevan Umang
If you’re looking for an affordable way to secure your retirement and still maintain a good lifestyle, the LIC jeevan Umang Policy is an excellent option. With low premiums and the flexibility to customize your pension payout as per your needs, it’s one of the best plans to consider for long-term financial security.
Now is the time to invest in your future with a policy that provides lifetime benefits and protection for you and your family. Invest in lic jeevan Umang today and say goodbye to retirement worries!
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
click and follow Indiaherald WhatsApp channel