LIC launches Jeevan Umang policy

MUMBAI MAY 17: Life Insurance Corporation of India has launched a new policy 'Jeevan Umang' on Tuesday.

Company chairman had spoken to media after he launched the new policy. He said that this new plan will offer to cover up to the age of 100. He also said that annual survival benefits will be available from the end of the premium-paying term until the age of 99.

The total amount will be available to the policyholder when the policy matures or when the death of the policyholder takes place.

The chairman said that "the survival benefit of 8 per cent of amount will be applicable who takes this policy"



LIC issued a statement that the new policy is applicable from any who has attained the age of 90 days to 55 years.

Any sum can be paid as a premium but it has to be in multiples of Rs. 25,000and the term options can be 15, 20, 25 and 30 years.He also said that Loan facility will be available for policyholders.

VK Sharma, Chairman, LIC, said that the new policy is a combination of the endowment, whole life, and annuities policies.

Finally, he concluded that customers can bring joy in their life by taking Jeevan Umang.