LIC's JEEVAN UMANG | PLAN 945

This is a limited premium, non-linked, with profits Whole Life Plan. This plan provides for annual Survival Benefits from end of PPT till Maturity (Age of 100 years) or earlier death.

Features & Conditions of JEEVAN UMANG PLAN:

Min. age at entry : 90 days Completed

PPT & Max. age at entry :

PPT	15	20	25	30
Age NBD	55	so	45	40

Age at Maturity : 100 years NBD

Policy Term : 100 minus Age at Entry

Min. Age at end of PPT :30 years NBD

Max. Age at end of PPT :70 years NBD

Minimum S.A. : 2,00,000/- & in multiples of  25,000 thereafter .

Maximum S.A. : No limit

Available Riders:

1. ADDB Rider ( Upto Age 70) OR Accident Benefit Rider Upto PPT
2. Term Rider Upto 35 Yrs term OR Age 75 whichever is earlier
3. Critical Illness Rider Upto 35 Y rs term OR Age 75 whichever is earlier
4. PWB Rider – Up to Age 25 of Child

DATE OF COMMENCEMENT OF RISK:
For age at entry less tha n 8 yea rs LBD : One day before completion of 2 years from DOC or one day before Policy Anniversa ry after completion of age of 8 yea rs LBD, whichever is earlier.
For age at entry 8 years LBD or more: Risk will commence immediately.

DEATH BENEFIT:

Before Commencement of Risk: Refund of Premiums paid Excluding GST & Extra

After Commencement of risk :Sum Assured on Death + Vested Bonus + FAB if any.

Death Benefit in Installments for 5/10/15 years: Option can be exercised by life assured for full or part death benefits.

SURVIVAL BENEFIT: 8% of Basic SA – From end of PPT till Maturity or earlier death.

MATURITY BENEFIT: Basic SA + Vested Bonus (During & After PPT) + FAB if any.

Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH)

Rebates: 

Mode Rebate: Yearly : 2%, Half Yly : 1%

High Basic S.A. Rebate

• Upto 4.75 lacs   :  Nil
• 5 lacs to 9.75 lacs  :  1.25 % 0f Basic SA
• 10 lacs to 24.75 lacs : 1.75 % 0f Basic SA
• 25 lacs & Above :  2.00 % 0f Basic SA

Grace Period: 15 days for mly mode and 30 days for other modes.

Claim Concessions:  Available under Base Plan only. Not apply to Riders and Suicides.

Paid Up/ Surrender/Policy Loan: After payment of premium of 2 full yea rs. Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits. Proposal Form: 300,340 or 360

Tax Benefits:

• On Premium   : u/s 80C
• SB/Maturity/Death  claim: u/s  10(10D)