LIC's Jeevan Umang

Non-linked, participating, individual, whole life assurance plan with annual survival benefits from the end of premium payment term.

Why Choose This Plan?

LIC's Jeevan Umang is a truly unique whole life plan that pays you annually after the premium payment term is complete — effectively becoming a lifetime income source. Once your premium payment period ends (at age 100 of the life assured), you receive 8% of the Sum Assured annually as a survival benefit, for the rest of your life. At death or maturity at age 100, the full Sum Assured plus bonuses is paid. It is an exceptional retirement planning and legacy building tool for those who want a policy that keeps paying them back.

Frequently Asked Questions

Eligibility criteria vary based on age, medical history, and specific plan requirements. Contact our advisors for a detailed assessment of your eligibility.

The claim process is simple and hassle-free. You can initiate a claim through our online portal, or by contacting our customer support team with the required documentation.

Yes, premiums paid towards this insurance plan may be eligible for tax deductions under relevant sections of the Income Tax Act. Please consult with a tax advisor for specifics.

LIC's Jeevan Umang