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LIC Scheme: LIC Jeevan Umang Policy is a great upgrade option for the middle class. The scheme provides future financial security from small investment. By paying only 25 rupees per day or 100 rupees per month, you can get a guaranteed income every year till the age of 100.
LIC Life Umang is a complete life insurance scheme. It provides saving, income and security simultaneously. You can get continuous income every year after a certain period by investing a small amount. With this, the middle class will be able to secure their future. You can choose the premium payment of the policy for a period of 15 to 30 years. This plan protects your entire life till the end of the period of your choice. Until you reach the age of 100 years or in the event of unexpected death, your family gets the policy amount + bonus.
LIC Jeevan Umang also provides bonus with benefits. Along with savings, you also get annual guaranteed payment. For example, if you are 26 years old and you take a policy with an insurance amount of Rs 5 lakh, then the annual premium can be Rs 15,882 and the total payment in 3 years can be Rs 47,646. After 30 years, LIC will pay you about Rs 40,000 every year by the age of 100. This keeps your investment safe and you get regular income.
In the event of an unexpected event, your family will get at least Rs 5 lakh + bonus (105% cover). They can take this amount in lump sum or stages. Overall, the LIC Jeevan Umang Policy provides the middle class the best financial security through a small investment. This is a great option for those who want income safety and family security in future.
