The Life Insurance Corporation of India (LIC) offers Jeevan Umang, a life insurance and savings plan designed to provide long-term financial protection along with periodic benefits. The policy combines life cover with an annual survival benefit and also provides a loan facility, subject to the applicable policy conditions.
LIC has promoted the plan through its social media platforms, highlighting its lifelong coverage and annual benefits. However, prospective policyholders should understand the eligibility requirements, premium payment options and payout conditions before making a decision.
What Is the LIC Jeevan Umang Policy?
LIC Jeevan Umang (UIN: 512N312V03, Plan No. 745) is a non-linked, individual savings-cum-life insurance plan. According to the policy details provided, it offers life coverage up to the age of 100.
The plan also provides an annual survival benefit of up to 8% of the basic sum assured after the premium payment term, subject to the policy’s terms and conditions. This feature is intended to provide periodic financial support while maintaining life insurance coverage.
Policyholders may also be eligible for a loan against the policy, depending on the applicable conditions. This facility can provide access to funds without requiring the policyholder to discontinue the policy.
Eligibility, Investment Amount and Premium Payment Terms
The eligibility criteria, minimum sum assured and premium payment options are important factors to consider before purchasing the policy.
The details provided for Jeevan Umang include:
- Eligible entry age: 30 to 55 years, as stated in the supplied information.
- Minimum investment amount: ₹2 lakh, as stated in the supplied information.
- Maximum investment: No upper limit specified in the supplied information.
- Premium payment terms: 15, 20, 25 or 30 years.
- Life coverage: Up to the age of 100, subject to policy conditions.
- Annual survival benefit: Up to 8% of the basic sum assured, subject to the applicable terms.
The premium payable depends on factors such as the policyholder’s age, selected sum assured and premium payment term. Customers should confirm the current eligibility criteria and benefit calculations in LIC’s official policy brochure.
How to Purchase LIC Jeevan Umang
People interested in the Jeevan Umang policy can contact a nearby LIC branch or visit the official website at www.licindia.in to obtain the latest information.
The supplied information also mentions sending an SMS containing the city name to 56767474. Customers should verify whether this facility remains active through LIC’s official channels before using it.
Before purchasing the policy, review the premium amount, survival benefit, maturity provisions, exclusions, surrender conditions and loan eligibility. Understanding these details can help determine whether the plan meets your long-term financial needs.
For safety, use only LIC’s verified website, official branches or authorised representatives. Do not share banking details, OTPs or other sensitive information with unknown callers or unverified contacts.
Disclaimer: This article is intended for general informational purposes only and does not constitute financial, investment or insurance advice. Policy benefits, eligibility, premiums and payouts are governed by LIC’s official policy documents and applicable terms. Readers should verify the latest details directly with LIC and consult an authorised insurance representative before purchasing the policy.