JEEVAN UMANG

 JEEVAN UMANG WHOLE LIFE INSURANCE PLAN

Jeevan Umang is a life insurance plan offered by the Life Insurance Corporation of India (LIC). It is a non-linked, with-profits, whole life assurance plan. This plan provides financial protection against death throughout the lifetime of the policyholder, as well as periodic payouts during the policy term.

Under the Jeevan Umang plan, the policyholder is required to pay premiums throughout the policy term. In return, the policyholder receives a guaranteed death benefit, which is payable to the nominee upon the policyholder's death. In addition, the plan also provides a survival benefit, which is paid out to the policyholder at regular intervals during the policy term. The plan also offers a maturity benefit, which is paid out to the policyholder at the end of the policy term.

One of the unique features of the Jeevan Umang plan is that it provides a guaranteed survival benefit. The policyholder can choose the frequency of the survival benefit payouts - either annually, half-yearly, quarterly or monthly. The amount of the survival benefit depends on the sum assured chosen by the policyholder.

The Jeevan Umang plan also offers riders that can be added to the policy for an additional premium. These riders provide additional coverage for critical illnesses, accidental death, and disability.

Overall, the Jeevan Umang plan is designed to provide comprehensive life insurance coverage with the added benefit of periodic payouts during the policy term. It can be a good option for individuals who want to ensure financial security for their loved ones while also receiving regular income during their lifetime.