Lic Jeevan Umang
vs
Sbi Smart Elite
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Lic Jeevan Umang |
 Sbi Smart Elite |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 100 years | Maximum Maturity Age - 65 years |
| Premium payment term | 15 to 30 years | LPPT: 7/10/12 years, Single-Premium |
| Plan Entry Age | Minimum Age - 90 days Maximum Age - 55 years | Minimum Age - 18 years Maximum Age - 60 years |
| Sum assured | Rs 2 lakh to No limit | 105% of total premiums |
| 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 | 5 to 30 years |
| Claim Settlement Ratio (2023-24) | 98.62 | Minimum Age- 14 year |
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:
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