Whole Life Plans
Whole Life Insurance provides protection throughout one’s life time and at age 100 provides the maturity benefit. From time to time, modifications are made in the plan to suite the customer needs. However, the basic character of the policy has remained as one providing lifelong protection.
It is a low premium, long term policy designed to satisfy multiple goals at various stages of life. It is more an ingredient of financial culture of a family where (i)disciplined saving is encouraged (ii) protection is valued (iii) estate is carefully built bit by bit and (iv) when one leaves the world, he/she leaves behind a property which is equivalent of cash without any encashment delay.
LIC’s “Jeevan Umang” plan offers a very rich combination of
- Limited premium paying terms of 15, 20, 25 , 30 years.
- Guaranteed Annual life time Income after a given age.
- Bonus additions with possible final additional bonus.
- Double Accident Benefit
- Maturity Benefit at age 100.
| Sr. No. | Product Name | Date of Launch | Plan No | UIN No |
|---|---|---|---|---|
| 1 | LICs Jeevan Umang | 01.02.2020 | 945 | 512N312V02 |