LIC Jeevan Umang (Plan 876) – Lifetime Income + Maturity Benefit
LIC Jeevan Umang is a powerful whole life insurance plan that provides guaranteed annual income, a lump sum maturity benefit at age 100, and life cover for peace of mind. Perfect for retirement planning, children's future, or long-term wealth creation.
✨ Key Benefits:
- ✔️ Guaranteed 8% of Sum Assured every year after premium term
- ✔️ Lump sum maturity at age 100
- ✔️ Full life cover till age 100
- ✔️ Tax-free benefits under Sec 10(10D)
- ✔️ Premium waiver for children (if proposer dies)
- ✔️ Loan available after 3 years
📊 Eligibility & Plan Details:
| Parameter | Details |
|---|---|
| Plan Number | 876 |
| Policy Type | Whole Life with Profits |
| Entry Age | 90 days to 55 years |
| Premium Paying Term | 15, 20, 25, or 30 years |
| Minimum Sum Assured | ₹2,00,000 |
| Survival Benefit | 8% of Basic Sum Assured per year |
| Loan/Surrender | Available after 3 policy years |
📘 Real-Life Example: How Ramu Benefitted from Jeevan Umang
Ramu, a 30-year-old father from Hyderabad, took a ₹10 lakh LIC Jeevan Umang policy for 20 years.
He pays premiums till age 50. From age 51 onwards, he receives ₹80,000 every year as guaranteed income – that’s ₹80,000 × 50 years = ₹40,00,000 total, tax-free!
At age 100, his family receives a ₹10 lakh lump sum maturity amount. And in case of his untimely death anytime before that, the full Sum Assured + Bonus is paid to his nominee.
This means Ramu secured his life, retirement, and created wealth for his next generation – all in one single plan!
🎯 Who Should Buy Jeevan Umang?
- ✅ Parents planning for child’s education or income
- ✅ Salaried professionals targeting tax-free retirement income
- ✅ Businessmen & MSMEs wanting long-term wealth
- ✅ NRIs/NROs (via POA)
📞 Contact Diwakar Cherukuwada – LIC Agent Hyderabad
Get free illustrations and expert advice tailored to your needs.
📲 WhatsApp: Click to Chat with Diwakar Cherukuwada
📧 Email: support@theinsuranceagency.in
🌐 Website: www.YOURDOMAIN.in/jeevan-umang.html