LICs Jeevan Umang Plan (T-845) is a Limited Premium Paying whole Life Endowment Plan

which provides Life Time Guaranteed Pension of 8% after Premium Paying Term and till the age
of 100 and also provides Maturity at the end of term or on death to the nominee. In the scenario
of decreasing interest rate this plan provides 8% guaranteed return per annum..

Why Should I INVEST ?

Pay Premium for a Limited Period.
Claim 80c Tax Rebate.
Enjoy the Risk Cover too.
Ensure Your Financial Stability in Future.
Get survival Benefit every year at 8% of Basic Sum Assured.
100% Tax Free.
Fixed and Guaranteed by Govt. of India.
Enjoy the Extended Risk Cover.
Create Estate for Your Family.
Maturity with Full Bonus and Tax Free under 10(10D).
Optional Riders available viz. Accidental Death and Disability Rider, Term assurance Rider, Critical
Illness Rider.
Dating Back Facility in same FY.
NRI and FNIO Eligible.
Loan and Surrender Facility Available.
Revival allowed within 2 years from date of FUP.

USPs:
o In Scenario of Decreasing Interest Rates Lifelong Guaranteed Return of 8%.
o Ideal Gift from Parents/Grandparents.
o Plan can be gifted on DOB of Child/Parent/Grand parent or on Marriage anniversaries.
o Can be sold as GUARANTEED Deferred Annuity Pension Plan.
o Child will get SB throughout his/her life.
Survival Benefits: On the life assured surviving the end of premium paying term(PPT) provided
all due premiums have been paid: Survival benefit will be equal to 8% of basic sum assured will
be paid each year till the life assured survives or till the policy.
Maturity Benefits: On the life assured surviving the end of policy term (100- Age at entry)
provided all premiums have been paid Sum Assured along with vested simple reversionary bonus
and FAB(if any) shall be payable.
 Death Benefits: On the life assured surviving the end of policy term (100- Age at entry) provided
all premiums have been paid Sum Assured along with vested simple reversionary bonus and
FAB(if any) shall be payable.

Commencement of Risk:
o In case, the Policy Holder is less than 8 year old, then, Life Cover will start 2 year after Date of
Commencement of Policy or completion of 8 year of age, whichever is earlier.
o If policy holder is 8 year old at the time of buying policy then, risk will start immediately
Eligibility Criteria
Age at Entry
Premium Paying Term (PPT)
Maximum Age at Entry in
Years)
(As per Nearest Birthday)
Minimum Age at the end of PPT
30 Years
(SB will commence after PPT)
Age at Maturity
Policy Term
Basic Sum Assured
Premium Paying Mode
Premium Payment Mode rebate
Loan and surrender
90 Days (Completed)
15, 20, 25, & 30 Years
55 for 15 PPT
50 for 20 PPT
45 for 25 PPT
40 for 30 PPT
For age 0 to 4 years minimum PPT will be 30 years
For age 5 to 9 years minimum PPT will be 25 years
For age 10 to 14 years minimum PPT will be 20
years
For age 15 and above minimum PPT will be 15
years
100 Years (Nearest Birthday)
100 Age at Entry
2,00,000 and above in multiples of 25,000
Yearly, Half Yearly, Quarterly & Monthly (SSS and
NACH Only)
2% on yearly, 1% on Half Yearly, Nil on Quarterly
& Monthly
Available after 3 years