LIC LIC's Jeevan Umang (Plan No. 945): Full Guide, Eligibility & Premium

LIC's Jeevan Umang belongs to LIC's whole life plans family. In one line: annual survival income up to age 100

Eligibility at a glance — entry age 90 days to 55 years; sum assured ₹2,00,000 and above; policy term Cover to age 100. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: 8% of basic sum assured paid every year for life Cover continues to age 100 Maturity payout with bonuses at age 100 Premium paying terms of 15, 20, 25 or 30 years Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Buyers who want a pension-like income without giving up life cover. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Jeevan Umang through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.