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Lic Jeevan Umang vs Lic Jeevan Rakshak

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Lic Jeevan Umang vs Lic Jeevan Rakshak

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 ...

Lic Jeevan Rakshak

LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan that provides a combination of insurance and savings. As the name suggests, the plan offers life insurance as well as maturity benefits. This plan was introduced in August 2014 by the Life Insurance Corporation (LIC) of India...

PLAN DETAILS

Lic Jeevan Umang


Lic Jeevan Rakshak

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Loan on Policy
  • Death Benefits
  • Maturity Benefits
  • Additional Bonus
Plan Maturity age Maximum Maturity Age - 100 years Maximum Maturity Age - 70 years
Premium payment term 15 to 30 years Equal to the policy term
Plan Entry Age Minimum Age - 90 days Maximum Age - 55 years Minimum Age - 8 years Maximum Age - 55 years
Sum assured Rs 2 lakh to No limit Rs 75,000 to Rs 2 lakhs
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 100 Minus Age at Entry Minimum term - 10 years Maximum term - 20 years
Claim Settlement Ratio (2024-25) 98.5% 98.5%
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LIC Jeevan Umang Plan No. 945 Details

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LIC Jeevan Rekha Plan Full Details | | LIC Jeevan Rekha Plan 2025

Know More About Plans

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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