PERSONAL FINANCE
LIC Jeevan Umang: The minimum sum assured is Rs 2 lakh.
LIC is India's foremost provider of insurance for a reason- it has tailor-made plans for every one. It gives people an option to grow their money and remain financially safe in case of unexpected death. LIC has been a great support system for the average middle-class who don't want to face the risks of the mutual fund market. LIC Jeevan Umang policy is a case in point.
LIC Jeevan Umang is a great Life Insurance Corporation of India policy. It gives good returns. It also helps people grow their retirement corpus. LIC Jeevan Umang Plan gives you an insurance coverage of up to 100 years, which is massive.
After the maturity of the policy, 8 percent is returned. Bonus is also given at the time of maturity and death. The premium of the policy can help you save taxes under 80C. The maturity amount is free of any income taxes. This policy can be taken for people aged between 90 days and 55 years. At maturity, people get a lump sum amount. After this, you will get a fixed income every year. This provides a life cover for 100 years. After the death of the policy holder, his nominee will also get a lump sum amount as death benefits.
If one pays a premium of Rs 1302 per month, you will have invested Rs 15298. If you invest this money for 30 years, it will amount to Rs 4.78 lakh. After 31st year, you start getting Rs 40,000 every year. This means you will get Rs 27.60 lakh.
The minimum sum assured is Rs 2 lakh.
This policy holds true LIC's motto-"Zindagi ke saath bhi, zindagi ke baad bhi!"
Meet Gyanesh Kumar, IIT graduate, who becomes new Chief Election Commissioner
DNA TV Show: RSS' Bihar model ahead of Assembly elections in state
WPL 2025: Renuka, Wareham spark collapse as RCB bowl out Delhi Capitals for 141
Champions Trophy 2025: Ex-Pak cricketer says Pakistan don't deserve to win, 'Chal jaaye toh...'
Samantha Ruth Prabhu's Dippam Dappam dance leaves Chennai students awestruck, viral video
Breaking MS Dhoni's record is no big deal for Dinesh Karthik: 'It’s not something...'
Amid Mahakumbh rush, video of vehicle running on railway track goes viral; here's why
Who is Rohit Chopra? Indian-origin businessman called arrogant by JPMorgan CEO Jamie Dimon
All eyes on Mohammed bin Salman, as Trump, Putin and Zelensky set to meet in Saudi Arabia for...
WATCH: BJP office bearer dances to ‘Main Hoon Don’ flashing gun, FIR filed
Nepal student death: Massive protests at Odisha's KIIT University, students demand justice
Meet man, son of famous film actor, cracked UPSC exam with full-time job, his AIR was…
Mahakumbh 2025: Fire breaks out again at Prayagraj, no casualties reported
Gautam Adani, India's second richest man, donates Rs 2000 crore for setting up 20...
‘I am not a...’: Jaya Kishori BREAKS silence on her Rs 2.6 lakh Dior bag controversy, WATCH here
Dil Madharasi Teaser: Sivakarthikeyan impresses in rugged avatar, to face off against Vidyut Jammwal
PCB breaks silence on no Indian flags in Pakistani stadiums ahead of Champions Trophy 2025
Delhi residents report hearing mysterious ‘boom’ sound during earthquake; what caused it?
After Narayana Murthy's Infosys, Ratan Tata’s TCS makes BIG announcement, set to issue...
JPMorgan Chase CEO rejects hybrid work requests from employees amid layoffs says, ‘Don’t waste...'
Auspicious Start for 'Jatadhara': Mahurat ceremony held in Hyderabad
Kirill Yurovskiy: How to Build a Sustainable Fashion Brand in the UK
Bad news for Jhunjhunwala as the company loses Rs..., stock goes down by...
Audi launches Audi RS Q8 2025 in India: Know price, specifications and unique features
The Power of Ayurveda: Dr Shyam's Ayurveda Leads the Wellness Revolution in Dubai
15 Crucial Factors to Consider Before Choosing MBBS in Georgia 2025: Education Vibes
Narayana Dominates JEE Main 2025 Session 1 with Exceptional Results
Karan Johar says Yash Johar was 'heartbroken' when Amitabh Bachchan's... flopped: 'He believed...'
Meet Acharya Indravarman: The best astrologer in Bengaluru & Karnataka
How to increase your chances of getting a personal loan
After retaining Asia's richest family tag, now Mukesh Ambani's Reliance beats Apple to become...
Ex-star cricketer, wife buy luxury apartment for Rs 110000000, it is located in...
How a name change caused makers of Bira beer to lose hundreds of crores; know what happened
The Power of Networking: How IFERP memberships open doors to global opportunities for universities
India's Got Latent row: Maharashtra Cyber Cell refuses Samay Raina's special request to...
Mukesh Ambani's wife Nita Ambani makes passionate pitch for Olympics 2036, says 'India will...'
Jyotiraditya Scindia makes BIG announcement on 6G, claims internet speed will be...
Meet man, who was once member of MS Dhoni-led Chennai Super Kings, now works as a bus driver
Did Virat Kohli get special food delivery amid BCCI's 'no personal chef' rule? Report claims...
Gautam Adani's BIG move in space sector, Adani-backed firm among three finalists in India's...
New India Co-op Bank: RBI uncovers massive fraud of Rs 122 crore; know what’s the case
Shakira hospitalised due to abdominal pain, apologises to fans for cancelling Peru concert
South Korean actress Kim Sae-ron of A Brand New Life fame found dead at 24
'Life-threatening cold' ALERT in US as Polar Vortex, snow, floods grip America: What does that mean?
Cristiano Ronaldo vs Lionel Messi, who is better? 66 per cent of former footballers believe...
Champions Trophy 2025: No Indian flag in Lahore Stadium sparks controversy ahead of tournament
After strong tremors in Delhi-NCR, 4.0 magnitude earthquake jolts Bihar's Siwan
Delhi-NCR earthquake: Netizens react with hilarious memes amid 4.0 magnitude tremors, check here
BAFTA: Payal Kapdia's All We Imagine As Light faces another disappointment, films loses to...
Student paraglides to college after getting late for exam, netizens react, watch viral video
Israeli PM Benjamin Netanyahu issues BIG warning to Hamas: 'Gates of hell will...'
Delhi-NCR Earthquake Today: Tremors of magnitude 4 jolt Delhi and adjoining areas
This film has broken world box office records, not Hollywood, Bollywood but...
Meet Satyam Pandey who got high-paying job offer, not from IIM, NIT, IIIT, his annual salary is…
Gurgaon couple reunites with lost dog after three-month search in Agra
Meet man, IIT graduate, who topped UPSC exam in third attempt, he is from...
Noida authority takes BIG action against promoters of 2 housing projects, as realty firm fails to...
WPL 2025: Ashleigh Gardner, Deandra Dottin star as Gujarat Giants beat UP Warriorz by 6 wickets
This city is the coldest, darkest and most polluted in the world, tourists are banned here due to...