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LIC LIC Jeevan Umang Policy Life Insurance

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LIC Life Insurance
LIC Jeevan Umang
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

About LIC LIC Jeevan Umang Policy Life Insurance

One of the leading life insurance companies in India, LIC or Life Insurance Corporation was founded in the year 1956. LIC is under the management and ownership of the Ministry of Finance and is headquartered in Mumbai. Offering a bunch of life insurance plans, LIC is often the first choice when it comes to buying life insurance plans in India. LIC Jeevan Umang is one of the top-performing plans offered by the company. The LIC Jeevan Umang Plan is a type of non-linked, with-profit, whole-life assurance plan that offers a dual benefit of protection as well as income. So, let’s walk you through the different aspects of the LIC Jeevan Umang Policy premium calculator details in the section below.

Key Inclusions and Exclusions of the Plan

What's Not Included

  • There are certain exclusions in the LIC Jeevan Umang Plan. Listed are some of the exclusions of LIC Jeevan Umang Plan: If the policyholder commits suicide during the first 12 months of the policy tenure, then no claims shall be entertained by LIC except for 80% of the premium paid. In case the policyholder is below 8 years, then no claims shall be entertained. If the policy lapses due to failure of paying out the premium and there is no paid-up value-added, then no benefits shall be paid out.

LIC Jeevan Umang User Reviews

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  • I am so amazed by the team of InsuranceDekho. The experts here go out of their way to serve your insurance nee...

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    By Subhash Chugh
    On: Aug 24, 2023
  • I was recommended InsuranceDekho’s name by my friends. Glad I went with their advice and got my LIC Indi...

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    By Sumeet Marwaha
    On: Aug 10, 2023
  • I have recently got my LIC India- LIC Jeevan Umang issued with InsuranceDekho’s support. The company&rsq...

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    By Kalpana Ahuja
    On: Aug 01, 2023
  • The LIC India- LIC Jeevan Umang available on InsuranceDekho offers so many benefits that I was easily convince...

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    By Madhu Ganguly
    On: Jul 20, 2023
  • I will advise InsuranceDekho as this is the most authentic online platform to buy life insurance. Recently, I ...

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    By Shruti Roy
    On: Jul 11, 2023

LIC Life Insurance Plan List

    Name of PlanSum Assured
    LIC Bima Jyoti20 lac - 10 cr Check Premium
    LIC SIIP20 lac - 10 cr Check Premium
    LIC Jeevan Anand20 lac - 10 cr Check Premium
    LIC Jeevan Labh20 lac - 10 cr Check Premium

    Claim Process at LIC Life Insurance

    • 1

      Claim Intimation

      In the event of the death of the life assured, the insurance company should be intimated as early as possible.
    • 2

      Submission of Documents

      For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
    • 3

      Claim Evaluation

      After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

    FAQs on LIC Jeevan Umang Health Insurance Plan

    • Does LIC Jeevan Umang Plan offer income benefits?

      With the LIC Jeevan Umang Plan, you can get income in the form of annual survival benefits.

       

    • Is death benefit offered under LIC Jeevan Umang Plan?

      Yes, a death benefit is offered under the LIC Jeevan Umang Plan, if the policyholder dies during the policy term. 

       

    • Can I get flexible paying terms with LIC Jeevan Umang Plan?

      Yes, there are flexible paying terms when you buy LIC Jeevan Umang Plan. You can pay for either 15, 20, 25, or 30 years.

       

    • What is the benefit of buying the LIC Jeevan Umang Plan?

      You can enjoy the benefits of creating income as well as enjoying life insurance coverage with the LIC Jeevan Umang Plan. 

       

    • What are the minimum and maximum entry age of the LIC Jeevan Umang Plan?

      The minimum and maximum entry age of the LIC Jeevan Umang Plan is 90 days and 55 years respectively. 

       

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