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LIC scheme 2024: Everyone worries about what will happen when he retires. Where will he get the money for his expenses? If you also think the same, then this news may be useful for you. Because LIC's Jeevan Umang policy was specially launched for small income people.

LIC scheme 2024: Everyone is worried about what will happen when he retires. Where will he get money for expenses. If you also think the same, then this news may be of use to you. Because LIC's Jeevan Umang policy was started especially for small income people. So that more and more people can get the benefit of the plan. Under the scheme, you can get about Rs 40,000 annually even by saving just Rs 45 per day. The special thing about Jeevan Umang policy is that there is no age restriction in it. You can start investing under the policy as soon as the child is born. Apart from this, subscribers also get many other benefits under the policy...

Terms and Conditions

Let us tell you that if any subscriber takes it at the age of 15, then he will have to pay premium continuously till the age of 40 years. In this plan, you can pay yearly, half-yearly and quarterly installments. If a member saves 41 rupees per month, then he accumulates an amount of 15298 rupees annually. That is, as soon as he turns 25 years old, he becomes entitled to 3333 rupees per month. That is, the policy needs at least 25 years for maturity. 

Things to know

The maximum limit of investment in the policy has been fixed at 40. This means that a member above 40 years of age cannot invest under the policy. Those investing in Jeevan Umang policy also need a sum insurance of Rs 2 lakh. According to the information, the Jeevan Umang plan provides lifelong benefits. For more information, you can visit the nearest LIC office and talk to them. The agent can also give you sufficient information.