LIC Jeevan Umang Plan-945 is a budget-friendly insurance plan that combines life cover with savings. It’s a traditional endowment plan, meaning it provides both risk protection and guaranteed additions. Here’s an overview of the plan’s benefits:
- Full Protection: Covers the insured for the entire policy term.
- Lump-Sum Payment on Maturity: Pays out a lump sum at the end of the policy.
- Flexible Premium Payments: You can choose from various premium payment options.
- Loyalty Additions: From the 6th year onwards, loyalty additions are included.
- Tax Benefits: Premiums and benefits are eligible for tax deductions.
- Disability Protection: In case of permanent disability, future premiums are waived.
- Income Option: Receive maturity payouts as income if desired.
In short, Jeevan Umang is a practical way to get life coverage while building up savings.
Key Details of Premium Calculator
This is a participating endowment plan, meaning it participates in LIC’s profits, providing additional bonuses. You can choose premium payment terms of 5, 10, or 15 years, with the policy lasting 10 years beyond the premium payment period. The minimum coverage is ₹1 lakh, with no maximum limit. You can start at age 8 up to age 55. Premium amounts are based on your age, sum assured, policy term, and payment mode.
LIC Jeevan Umang Plan-945 Premium Calculator
LIC Jeevan Umang Plan-945 premium calculator helps you estimate the premium cost for your chosen coverage. It’s a free, online tool, allowing you to:
- Quickly get premium estimates
- Adjust details like sum assured and payment mode
- Access reliable LIC data for accurate quotes
How to Use the LIC Jeevan Umang Plan-945 Premium Calculator
To use the calculator:
- Go to LIC India’s website and find the Premium Calculator page.
- Select “Jeevan Umang” from the product list.
- Enter your details (age, sum assured, etc.).
- Pick your payment term and frequency (annual, semi-annual, etc.).
- Click “Calculate Premium” to view your premium estimate.
- Adjust the details if needed to see different estimates.
This process makes it easy to plan your policy according to your budget.
Benefits of Using the Premium Calculator
LIC Jeevan Umang Plan-945 premium calculator helps in several ways:
- It’s free and easy to access online.
- Provides quick premium quotes to help you plan.
- Offers options to explore payment frequencies (monthly, annual, etc.).
- Gives reliable estimates directly from LIC data.
FAQs
What is the policy term?
- The term is 10 years longer than the premium payment period.
What are the payment options?
- Yearly, half-yearly, quarterly, and monthly payments are available.
Is a medical test required?
- Not required for a sum assured up to ₹2 lakhs for generally healthy applicants.
Is there a surrender value?
- Yes, a guaranteed surrender value starts from the 2nd year.
Can I buy this plan offline?
- Yes, LIC agents can assist with offline purchases.
Conclusion
LIC Jeevan Umang Plan-945 is a reliable, cost-effective life insurance plan offering both protection and savings. The premium calculator simplifies the decision-making process, helping you choose the right options for long-term security.
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