Lic Jeevan Umang
vs
Lic Pradhan Mantri

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Lic Jeevan Umang vs Lic Pradhan Mantri

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 Pradhan Mantri

Pradhan Mantri Vaya Vandana Yojana is a single premium payment pension plan. This pension plan offers an option to either choose the amount of pension or the purchase price. The all-new Pradhan Mantri Vaya Vandana Yojana was launched on 4th May 2017. It is a government-subsidized pension scheme that...

PLAN DETAILS

Lic Jeevan Umang


Lic Pradhan Mantri

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
  • Pension Payment
Plan Maturity age Maximum Maturity Age - 100 years Maximum Maturity Age - Whole life
Premium payment term 15 to 30 years Depends on the policy tenure
Plan Entry Age Minimum Age - 90 days Maximum Age - 55 years Minimum Age - 60 years Maximum Age - No limit
Sum assured Rs 2 lakh to No limit N/A
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 10 years
Claim Settlement Ratio (2023-24) 98.62 98.62

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.