LIC Jeevan Umang Yojana
If you are looking for a plan in which you get good returns along with your life-long safety, then LIC’s life will be a great option for you. This scheme provides security for a lifetime and also gives annual income till the age of 100 years.
The most important thing is that you can earn big savings and permanent income by investing only Rs 1302 per month in this scheme i.e. about Rs 15,600 annually. Let us understand in easy language how you can get big benefits by investing only 1,302 rupees a month.
What is LIC Jeevan Umang Yojana?
LIC Jeevan Umang Scheme gives an insurance cover of up to 100 years. This means that as long as you are alive (till the age of maximum 100 years), you will continue to get a fixed amount every year. In this scheme, you also get the benefit of bonus and guaranteed survival benefits. This scheme is suitable for children to senior citizens because any person from 90 days to 55 years can invest in it.
A return of Rs 40,000 every year due to 1302 months
Suppose you start investing in this scheme at the age of 30 and deposit 1302 rupees every month for 30 years. So you invest Rs 15,600 in a year and a total of Rs 4.68 lakh in 30 years. When your premium payment term is completed, since then you start getting guaranteed income of up to Rs 40,000 every year. This income continues till the age of 100 years.
This means that if you start this scheme at the age of 30 and live for 100 years, then you can get an income of up to 27.60 lakh rupees.
Life safety up to 100 years and also savings in tax
With this policy, you not only get regular income, but you also get a life insurance cover of up to 100 years i.e. 100 years. Apart from this, the amount received under this scheme is completely tax free. You can get tax exemption under Section 80C on premium and under Section 10 (10D) on maturity amount.