Lic Jeevan Umang
vs
Fixed Maturity Plan

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Lic Jeevan Umang vs Fixed Maturity Plan

Lic Jeevan Umang

LIC Jeevan Umang (Plan No: 945) is a conventional, with-profit, non-linked endowment plan with complete life insurance coverage. The policy provides the needful coverage at regular payout from the end of the premium payment term until the date of your survival. After completing the policy tenure or ...

Fixed Maturity Plan

Aditya Birla Sunlife Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones from fin...

PLAN DETAILS

Lic Jeevan Umang


Fixed Maturity Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Loan on Policy
  • Policy loan
  • Enhanced sum assured
  • Tax benefit
Plan Maturity age Maximum Maturity Age - 100 years 70 years
Premium payment term 15 to 30 years Single, Limited, Regular
Plan Entry Age Minimum Age - 90 days Maximum Age - 55 years 8 years
Sum assured Rs 2 lakh to No limit Rs. 15000- no limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Single, Limited, Regular
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 100 Minus Age at Entry Minimum-5 to Maximum-10 years.
Claim Settlement Ratio (2023-24) 98.62 98.12

Know More About Plans

Overview

LIC Jeevan Umang (Plan No: 945) is a conventional, with-profit, non-linked endowment plan with complete life insurance coverage. The policy provides the needful coverage at regular payout from the end of the premium payment term until the date of your survival. After completing the policy tenure or if the policyholder dies within the policy period, a fixed sum of money is payable. It is a participating plan that is eligible for a Simple Reversionary Bonus and Final Addition Bonus.

LIC Jeevan Umang Plan offers you a range of benefits including:

why-choose
  • Death Benefits
  • Maturity Benefits
  • Rider benefits
  • Profit Participation
  • Policy Loan

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.