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Life insurance means LIC. The hope of thousands of people in the country. LIC has many such policies which combine insurance benefits with good returns. One such policy is Jeevan Umang. Along with the return on maturity, the policyholder gets the benefit for life.
What is LIC's Jiban Umang: LIC's Jiban Umang is a Non-Linked, Participating, Endowment Plan. Provides income as well as family security. Investments can be made for 15, 20, 25 or 30 years.

The speciality of this policy is that the survival benefit will be availed from the expiry of premium payment till maturity. LIC pays the entire amount to the policyholder at the same time on maturity and death.
By investing in this policy, the investor can meet future needs like children's education and marriage. Anyone can buy LIC's Jeevan Umang including farmers, businessmen, and jobbers. This policy offers coverage for up to 100 years.
How Rs 55 can earn Rs 48 thousand per year: Let's say a person at the age of 25 takes LIC's Jeevan Umang plan with an insurance of Rs 6 lakh for a term of 30 years. He has to pay a premium of Rs 1638 per month. That is 54.6 taka per day.
After the policy's payout period ends at age 55, he will get Rs 48,000 per year till maturity. On maturity, the policyholder will be given a return of Tk 28 lakh including the sum assured and bonus. The maturity age in this scheme is 100 years. That is, even at the age of 100 years, the policyholder will get the maturity benefit.
What is Death Benefit: LIC also offers death benefits in Jeevan Umang's policy. If the policyholder dies during the term of the policy, the reversionary bonus and the final additional bonus are handed over to the designated person i.e. the nominee. LIC pays 105 per cent of the premium paid by the policyholder as a death benefit. However, the premium does not include taxes.