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Term Insurance 3327 views April 9, 2020
Life Insurances can be a crucial part of building one’s financial corpus. This is because they help provide financial security to the insured individual and their family members in their absence. Such insurance plans are not only financial legacies to your heirs but are also good investment tools. They are claimed to be good investment tools because investments in whole life insurance policies apart from insuring also help build cash value against which loans can be obtained.
LIC’s Jeevan Umang plan is a suitable example for a whole life assurance policy that offers a combination of income and financial security to your family. Under this whole life plan of LIC annual survival benefits from the last premium paying term till maturity is provided and a lump sum pay-out in case of death or maturity of the policy is also promised.
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LIC Jeevan Umang is essentially a non-linked and with profit whole life assurance plan. They, in addition, also take care of liquidity needs through loan facilities. More about this plan such as the coverage provided, riders available, and some features and benefits are also mentioned.
LIC Jeevan Umang plan can be easily purchased through LIC official website. It is important to compare various life insurance plans and premiums using their free premium calculator tool before picking the suitable plan.