LIC’s Jeevan Umang (UIN: 512N312V01)

LIC’s Jeevan Umang

                         (A non-linked, with-profit, whole life assurance plan) 

LIC’s Jeevan Umang plan 

offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.In addition, this plan also takes care of liquidity needs through loan facility.

Benefits payable under an in force policy:

Death Benefit: On death of the Life Assured during the policy term, provided all due premiums have been paid then On death before the commencement of Risk: 
Return of premium/s paid without interest shall be payable.On Death after the commencement of Risk :Death Benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable.