How LIC Jeevan Umang 945 Provides Guaranteed Annual Income for Life
Life insurance is not just about protection; it is also about financial stability. LIC Jeevan Umang Plan 945 stands out as an excellent option for those seeking a lifelong income source along with insurance coverage. This plan is a non-linked, participating, whole-life assurance plan that provides annual survival benefits after the premium-paying term and a lump sum payout at maturity or in case of an unfortunate demise.
Key Features of LIC Jeevan Umang 945
- Lifetime Annual Income – After the premium-paying term, the policyholder receives 8% of the Basic Sum Assured every year as a survival benefit until maturity.
- Lump Sum Maturity Benefit – If the policyholder survives till maturity (100 years), a lump sum amount is paid.
- Comprehensive Risk Coverage – Ensures financial security for the family in case of the policyholder’s demise.
- Flexible Premium Payment Options – Available for 15, 20, 25, and 30 years.
- Loan Facility – Policyholders can avail of a loan against the policy after completing a few years.
- Participation in Profits – Eligible to receive bonuses declared by LIC.
How Does LIC Jeevan Umang Ensure Guaranteed Annual Income?
The core benefit of LIC Jeevan Umang 945 is its survival benefit, which starts after the completion of the premium-paying term. Here’s how it works:
- Once you complete your selected premium-paying term (say 20 years), you start receiving 8% of the Basic Sum Assured every year.
- This guaranteed payout continues till the policyholder reaches 100 years of age.
- The annual payout acts as a steady income source, helping meet financial needs post-retirement.
Who Should Consider LIC Jeevan Umang 945?
This plan is ideal for:
- Individuals looking for a combination of insurance and regular income.
- Those planning for retirement security.
- Parents wanting to secure their children’s future with a long-term financial backup.
- Anyone interested in wealth creation through bonuses and long-term savings.
Customer Guidelines for Buying LIC Jeevan Umang 945
- Choose the Right Sum Assured – Ensure that the Basic Sum Assured aligns with your future financial goals.
- Select an Appropriate Premium Paying Term – Shorter terms lead to earlier income benefits, while longer terms mean smaller premium amounts.
- Understand the Bonus Structure – LIC declares bonuses which significantly enhance the total maturity amount.
- Consider the Loan Option – In case of financial emergencies, the policy allows you to take a loan against it.
- Keep Your Policy Active – Paying premiums on time ensures uninterrupted benefits and policy continuity.
Conclusion
LIC Jeevan Umang 945 is an excellent plan for those looking to secure their future with guaranteed annual income while ensuring financial protection for their loved ones. With lifelong benefits and a lump sum payout, this plan acts as both an income generator and a long-term savings tool. If you are looking for financial stability along with insurance coverage, LIC Jeevan Umang 945 is a great choice.
For more details or to apply for LIC Jeevan Umang Plan 945, consult a trusted LIC agent or visit the official LIC website today!
