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Save ₹45 Daily to Earn ₹40,000 for 100 Years with LIC's New Plan
Sentiment: NeutralHigh Priority
What Happened?
LIC offers the Jeevan Umang Plan, promising guaranteed income for 100 years with a daily saving of just ₹45. This plan is designed for long-term financial security.
Key points
- LIC's Jeevan Umang Plan guarantees income for 100 years.
- Investors can earn ₹40,000 annually with a ₹5 lakh coverage.
- Daily saving of ₹45 is required to participate in the plan.
- Premium payment options include 15, 20, 25, or 30 years.
- In case of death before 100 years, the nominee receives a lump sum payment.
Key insights
- The plan may attract younger investors looking for secure long-term savings.
- Tax benefits under Section 80C could enhance its appeal to many.
- The guaranteed income feature may help in retirement planning.
Why it matters
This plan could provide long-term financial security for individuals seeking regular income.
Entities
LIC· OrganizationJeevan Umang· Product
Source
India Today
