LIC Jeevan Umang 945
Maturity Calculator
LIC Jeevan Umang 945 Maturity Calculator helps policyholders estimate their maturity and survival benefits by entering age, sum assured, and premium payment terms. This free online tool generates authentic premium estimates quickly, enabling users to modify inputs and see how changes impact the premium.
LIC Jeevan Umang Plan Summery
LIC’s Jeevan Umang Plan - Eligibility
- Min. Entry Age: 90 Days.
Â
- Max. Entry Age: 55 Years for 15 Years Term.
                                  50 years for 20 years term.
                                  45 Years for 25 years Term.
                                  40 years for 30 years term.
- Premium Paying Term: 15 Years, 20 Years, 25 Years and 30 Years.                          Â
- Min. Basic Sum Assured:Â Rs. 2,00,000/-
- Max. Basic Sum Assured:Â No Limit.
- Maximum Age at Maturity:Â 100 years.
- Premium Payment Options:Â Yearly, Half-yearly, Quarterly & Monthly.
- Accidental Death & Disability Benefit Rider: Available on payment of extra premium.
LIC’s Jeevan Umang Plan - Benefits
- On Death: Sum Assured + Reversionary Bonus + Final Additional Bonus (FAB) if any,
     where sum assured on death:
     125% of Basic Sum Assured or 7 times of Annualized Premium, whichever is higher.
- On Survival: On survival 8 percent of Basic Sum Assured shall be paid every year.
- Surrendered Value: The Policy can be surrendered after completion of minimum of two full years of premiums been paid.
- Loan: Loan Facility is available only after payment of premiums for at least two years.
- Income Tax Benefit: Premium paid under this plan is eligible for tax rebate under section 80c. and maturity benefits is free under Sec 10(10D).