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Maturity Calculator for LIC Jeevan Umang Plan (Table No: 845) illustrates year-wise paid premium, risk cover amounts, yearly survival benefits (Pension) & maturity amount on completion of policy term. This calculator is based on bonus of similar plan namely Jeevan Tarang (178). The objective of this calculator to illustrate benefits of this plan and calculated values are indicative.
Wrote : 25-03-2018 12:21:22
In the above illustration, life cover is getting increased by each year, and what is its basics?
Replied : 26-03-2018 19:35:57
It is because, death claim equals to death sum assured + accumulated bonus. The bonus gets added every year, this is why it is increasing every year.
Wrote : 06-01-2018 13:04:12
Sir If spelling mistake done by Lic in newly buy policy bond paper then what to be done? Please suggest
Replied : 06-01-2018 13:29:03
Contact your branch as soon as possible to get it corrected.
Wrote : 05-01-2018 20:23:01
What about GST on premium to be paid and who will paid means customer or LIC
Replied : 05-01-2018 23:27:28
GST will be paid by Policy holder along with his/her premium.
Wrote : 24-12-2017 19:45:01
This is best plan for young age no required other policy in future because after maturity till 100 yrs life risk increase every year after 100% tax free @ 8% return. end of the life nominee will get huge amount.
Wrote : 27-10-2017 12:00:40
Recently i have purchased Jeevan umang policy for the 15 years terms. I am 47 now. Sum assured is 1500000.00. I have paid yearly premium of Rs. 120000/- for the above policy. But in my policy document three different premiums have been shown : Instalment premium - 115416/- Total premium - 117366/- Instalment premium for rider - 1950/- Please let me know the correct figure of instalment i have paid and in future how much premium i have to pay?
Replied : 27-10-2017 12:09:17
Your premium is with accidental & disability rider. Please use above calculator without selecting rider option and learn more about your premium.
Wrote : 14-10-2017 13:18:46
I am planning to purchase LIC jeevan Umang Policy --- 15years SA- 9L Age 30 years please explain benefits and pension and lumpsum am going to get after 15 years. Can i purchase through online and pay premium through online... What is the procedure.... Please explain
Replied : 15-10-2017 12:23:34
Please use above calculator to generate approx benefit illustration of survival benefits, yearwise life cover and maturity.
This plan is not available for online purchase but once policy issued, subsequent premiums can be paid online.
Wrote : 22-09-2017 20:27:47
I am taking 15 years plan after that ,if I don't want pension then can I get my maturity and total amount......please give me reply
Replied : 22-09-2017 20:53:24
As per plan feature, it will not provide such option.
Wrote : 24-11-2017 17:01:07
The purpose of this plan is to provide you pension. However, if you would like to get maturity for this plan, you will be able to get full maturity amount after the age of 70 years.
Replied : 26-11-2017 11:18:21
Is it mentioned somewhere?, if yes, please let us know.
Wrote : 07-09-2017 18:18:57
Good plan for those who are working in private sector because they have no pension after retirement. Now a days Young people are not doing anything for their future. so this is good plan for save something for their own future expns after 60. suggesting buy this plan as early as possible.
Wrote : 21-08-2017 07:16:03
If i take this policy for my children having 7 years age, is that PWB available??
Replied : 21-08-2017 10:52:11
PWB is not available with this plan.
Wrote : 10-08-2017 17:34:55
hi, in your above calculator premium for 32 age & 45 age is showing same. How it it?
Replied : 11-08-2017 09:45:31
Premium without rider will be same for both the ages for 15 years term.
Wrote : 07-07-2017 09:20:42
If suppose I buy plan in 01/08/2017 and I choose 15 year premium can I get 8% SA on 02/08/2018 or I get after completion of 15 years.
Replied : 07-07-2017 13:51:17
8% of sum assured will start after premium paying term i.e. 15 years in your case.
Wrote : 20-06-2017 21:56:47
Can you give security for monthly returns after 15 years payment, but in lic many persons told me that we are not receiving the amount as per you said.
Replied : 20-06-2017 22:11:33
We are nobody to give security of return, above calculator is just for explanation of plan benefits. As far as benefits are concerned, this plan will not provide monthly return after 15 years (assuming 15 as premium paying term). This plan will provide 8% of sum assured every year up to 99 year of age or death which ever is earlier. On maturity at 100 year of age or in case of death before 100 year of age, plan will provide maturity or death claim which will be equal to sum assured + Bonus + FAB.
This plan is launched last month, so, there is no possibility of receiving return as minimum year before getting return or any amount is 15 years.
Wrote : 01-06-2017 23:28:36
I don't think there is any maturity as lumpsum after the premium payment term is over., I.e, on 16th year. of course they get regular bonus paid from 16th till the path year or death which ever is earlier. please clarify.
Replied : 02-06-2017 10:40:44
Here is plan feature text from LIC website:
On the life assured surviving to the end of the policy term, provided all due premiums have been paid, "Sum Assured on Maturity" along with vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable. You may read more at following link.
http://licindia.in/Products/Insurance-Plan/LICs-Jeevan-Umang
Wrote : 20-05-2017 16:32:56
If a person or policy holder died before completing 15 years. Then what benifit his family will get?
Replied : 21-05-2017 23:00:16
Please use above calculator it will illustrate all year-wise details details.
Wrote : 18-05-2017 22:53:02
What will be the maturity amount after the premium term completion.
Replied : 19-05-2017 08:19:57
Maturity will not occur on completion of premium paying term, maturity will happen at 100 year of age. On completion of premium paying term, yearly amount equal to 8% of sum assured will be provided up to 99 year of age.
Wrote : 17-05-2017 19:57:26
30 sale bad 8% see jo maturity hogi uska bhi to 8% Milana chahiye.
Replied : 18-05-2017 16:53:08
But aaj se 30 years baad k amount pe 8% dene ki guarantee koi nhi le sakta.
Wrote : 17-05-2017 08:16:58
Nice plan tax free survival benefit @ of 8%today we getting 7% interest on f.d taxable and decreasing day by day.This policy is good for kids. Secured 8% of Sum assured is a marvelous ONE
Wrote : 16-05-2017 12:19:27
on completion of policy term, Basic Sum Assured + Simple Reversionary Bonus +FAB will paid as maturity claim........and what about Pension
Replied : 16-05-2017 13:13:05
This plan provides Survival Benefit or pension @8% of sum assured per Year from next year of premium paying term completion till 99 year of age and on completion of 100 years, policy will provide maturity.
Wrote : 16-05-2017 07:32:20
This plan is very important for small child andhis parent who is middle class and no earn furture
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