The LIC plan 5000 per month refers to the LIC Jeevan Umang policy, a comprehensive whole-life assurance plan designed to offer a blend of income and protection.
Understanding LIC Jeevan Umang Policy
The LIC Jeevan Umang plan stands out as a unique offering from the Life Insurance Corporation of India. It is specifically structured to provide long-term financial security and support to policyholders and their families. This plan is particularly notable for its dual benefits, ensuring a steady income stream alongside robust life cover.
Key Features and Benefits
For an investment of Rs 5,000 monthly, the LIC Jeevan Umang policy offers significant advantages:
- Whole-Life Assurance: This plan provides coverage for the entire lifetime of the policyholder, ensuring continuous protection.
- Dual Benefits: It serves two primary purposes:
- Income Generation: Designed to provide a regular income, which can be beneficial for post-retirement planning or other long-term financial needs.
- Family Protection: Offers financial security to your family in case of an unfortunate event, acting as a safety net.
- Maturity Benefit: Upon reaching maturity, the policyholder is eligible to receive a substantial sum. For a monthly investment of Rs 5,000, the plan aims to provide Rs 10,00,000 at maturity.
Plan Overview at a Glance
To provide a clear summary, here's an overview of the LIC Jeevan Umang policy with a Rs 5,000 monthly premium:
| Feature | Description |
|---|---|
| Plan Name | LIC Jeevan Umang Policy |
| Premium Payment | Rs 5,000 per month |
| Plan Type | Whole-Life Assurance Plan |
| Primary Benefits | Dual benefits of Income and Protection for the family |
| Maturity Payout | Rs 10,00,000 (for Rs 5,000 monthly investment) |
| Target Audience | Individuals seeking long-term financial security, regular income, and life protection for their family. |
Why Consider LIC Jeevan Umang?
The Jeevan Umang plan is particularly suitable for individuals looking for a reliable financial instrument that offers both growth and security. Its whole-life nature ensures that the benefits are not limited to a specific term but extend for the policyholder's entire life. This makes it a powerful tool for legacy planning and ensuring consistent financial support for dependents.
For more detailed information on eligibility and specific features, it is advisable to consult the official LIC resources or a financial advisor.
