Showing posts with label Deferred Annuity Plan. Show all posts
Showing posts with label Deferred Annuity Plan. Show all posts

Tuesday, 28 January 2025

LIC Jeevan Umang plan - Buy LIC Policy

LIC Jeevan Umang plan 9886568000

Buy one insurance plan which will give returns for lifetime. LIC Jeevan Umang is a life insurance plan with lifetime returns benefits option. Buy LIC Jeevan Umang plan offline for tension free services.  


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LIC Jeevan Umang is a popular whole life insurance plan that provides lifelong coverage along with a steady income. It is an endowment plan that offers annual survival benefits after the premium payment term, making it one of the best tax-free lifetime pension options in India. The policyholder receives 8% of the sum assured annually after the premium payment period, continuing until the age of 100 or till policy maturity.

One of the key advantages of LIC Jeevan Umang is its tax benefits. Premiums paid qualify for deductions under Section 80C of the Income Tax Act, while the annual survival benefits and maturity proceeds are tax-free under Section 10(10D). This makes it a great option for those seeking a risk-free, tax-efficient source of lifelong income.

Additionally, the plan offers a lump sum maturity benefit if the policyholder survives the term, or a death benefit to the nominee in case of premature demise. It also includes loan facilities, allowing policyholders to borrow against the policy for financial needs. With the backing of LIC’s trust and reliability, Jeevan Umang is an ideal plan for securing financial stability and a guaranteed, tax-free pension for life.