LIC Policy Offer 2019: Deposit Rs 1302 and get Rs 63 lakh under this policy; check terms and conditions

The Life Insurance Company of India (LIC) is one of the most popular and trusted company in India. It offers huge range of products for its customers to make their future and life secure.

If you are looking to invest in LIC and also searching for good plans then we are going to tell you a best policy offer that could make your life secure and also your family could receive huge amount only by spending Rs 1302.

Know policy details:

Here we are discussing about the policy named ‘Jeevan Umang’. This plan offers a combination of income and protection to your family. Also, it will provide annual survival benefits from the end of the premium payment till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term, LIC plan said.

The benefit of the scheme is for the child to adult or which fall in the age bracket of 3 months old child to 55 years. The policy will provide the cover up to 100 years. Even after deatht of the policy holder, his family memebers will get a lump sum amount.

Know how to invest:

LIC is offering a premium paying term of 15, 20, 25 and 30 years. Under this policy, the holder will get the lifetime insurance cover. If you select any of the insurance cover then, the policy holder will get 8% return of life insurance annually for lifetime.

According to LIC, the survival benefit under this policy is, “On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.”

Here’s how to get Rs 62.95 lakh under this plan:

If you deposit Rs 1,302 every month under this scheme, then your annual premium will be Rs 15,298. Accordingly, your total investment will be of Rs 4,58,940 for a period of 30 years. From the 31st year, the policy holder will get an annual return of Rs 40,000. According to this, if you calculate your 100 years, then by the time you complete 100 years, it will be 40,00000 which becomes 28 lakh rupees.

Let us inform you that if the insured person turns 101 years then he will get Rs 62.95 lakh separately.

Also Read: LIC Policy Offers 2019: Invest in Jeevan Anand policy and get Rs 4.56 lakh benefit; here’s how

Note: To know more benefits and details about this LIC's policy, click here.

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