LIC Jeevan Umang Policy 2025: Secure Life, Guaranteed Returns and Lifetime Income with Just ₹25 Per Day
Financial security is not a luxury anymore; it is a necessity. Every middle-class family today wonders how to balance risk and savings. Should we invest in the stock market with unpredictable ups and downs? Should we keep our money in the bank and settle for minimal interest? Or should we look for a plan that offers both security and guaranteed growth?
For decades, Life Insurance Corporation of India (LIC) has been the answer to these questions. Among its many policies, LIC Jeevan Umang has gained tremendous popularity. It is often called a “three-in-one” plan because it offers:
- Life insurance protection (financial safety for your family).
- Long-term guaranteed savings (secure investment).
- Lifetime annual income (post-premium period until the age of 100).
In simple words, this plan allows you to hit three birds with one stone.
What is LIC Jeevan Umang?
LIC Jeevan Umang is a whole life insurance cum endowment plan. Unlike traditional term insurance, which only pays your family after death, Jeevan Umang also rewards you with regular yearly income during your lifetime once you finish paying premiums.
This policy gives:
- Risk cover up to 100 years of age
- Guaranteed annual survival benefit of 8% of the Sum Assured after the premium payment term ends
- Lump sum maturity benefit at age 100 or on earlier death
- Tax benefits under Income Tax Act
So, it is not just an insurance policy; it is also a retirement plan, pension plan, and savings plan rolled into one.
Key Features of LIC Jeevan Umang
Let us understand why Jeevan Umang is unique:
- Eligibility Age: From 30 days old baby to 55 years.
- Policy Term: Whole life cover up to 100 years.
- Premium Payment Options: 15, 20, 25, or 30 years.
- Survival Benefit: 8% of the Basic Sum Assured every year after premium payment term ends.
- Maturity Benefit: Basic Sum Assured + Bonuses on completing 100 years.
- Death Benefit: Sum Assured + Bonus + Final Additional Bonus paid to nominee.
- Minimum Sum Assured: ₹2 lakh.
- Maximum Sum Assured: No upper limit.
- Loan Facility: Available after 2 years of premium payment.
- Tax Benefits: Section 80C (premium deduction) & Section 10(10D) (maturity amount tax-free).
How Does Jeevan Umang Work?
Let’s break it down with an example.
👉 Suppose a 26-year-old buys a Jeevan Umang policy with a Sum Assured of ₹5 lakh for a 30-year premium payment term.
- He pays around ₹15,882 per year, which is roughly ₹44 per day.
- He pays this amount every year for 30 years (till age 56).
- From age 57 till 100, LIC will pay him 8% of ₹5 lakh = ₹40,000 every year.
- He will keep receiving this amount for 44 years (from 57 to 100).
That means he will receive:
₹40,000 × 44 years = ₹17,60,000 (just annual payouts).
Plus, at the end (age 100), his family or nominee will receive the Basic Sum Assured of ₹5 lakh + Bonus.
So, for a lifetime premium of around ₹4.7 lakh, he receives more than ₹20 lakh guaranteed.
This is why people call it a retirement friend for life.
Benefits of LIC Jeevan Umang
1. Life Protection
Your family will be financially protected in case of unfortunate death during the policy term.
2. Regular Lifetime Income
After finishing premiums, you start receiving annual guaranteed income until 100 years of age.
3. Maturity at 100 Years
If you live till 100, LIC pays the Sum Assured + Bonus as a maturity benefit.
4. Guaranteed Returns
Unlike stock markets or mutual funds, Jeevan Umang is not market-linked. Your money is safe and predictable.
5. Loan Facility
If you need money, you can take a loan against the policy after 2 years of payment.
6. Tax Savings
Premiums paid are exempt under Section 80C, and the payouts/maturity are tax-free under Section 10(10D).
7. Flexibility of Premium Payment
Choose between 15, 20, 25, or 30 years as per your financial convenience.
Example Calculations
Case 1: Small Daily Investment
- Age: 25 years
- Sum Assured: ₹2 lakh
- Premium: ~₹8,000 annually (₹25 per day)
- Premium Term: 30 years
- Survival Benefit: 8% of 2 lakh = ₹16,000 per year from age 55 to 100
- Total Payout: ₹16,000 × 45 years = ₹7.2 lakh + maturity sum assured + bonus
Thus, for an investment of just ₹25 per day, one can secure more than ₹10 lakh guaranteed.
Case 2: Middle-Class Comfort
- Age: 30 years
- Sum Assured: ₹5 lakh
- Premium: ~₹16,000 annually (₹45 per day)
- Premium Term: 25 years
- Survival Benefit: ₹40,000 annually from age 55 till 100
- Total Payout: ₹40,000 × 45 years = ₹18 lakh + maturity benefits
Case 3: Higher Investment for Retirement
- Age: 35 years
- Sum Assured: ₹10 lakh
- Premium: ~₹30,000 annually (₹82 per day)
- Premium Term: 20 years
- Survival Benefit: ₹80,000 annually from age 55 till 100
- Total Payout: ₹36 lakh + maturity bonus
Comparison with Other Investment Options
| Feature | LIC Jeevan Umang | Bank FD | Mutual Funds | Stock Market | Term Insurance |
|---|---|---|---|---|---|
| Risk Level | Zero Risk | Low | Moderate | High | Zero Risk |
| Returns | Guaranteed | 6–7% | 10–12% | Uncertain | None (only death cover) |
| Life Cover | Yes | No | No | No | Yes |
| Lifetime Income | Yes | No | No | No | No |
| Tax Benefits | Yes | Limited | Limited | No | Yes |
| Suitable For | All families | Retirees | Risk takers | Traders | Pure protection seekers |
Clearly, Jeevan Umang offers a balanced approach – safe investment, guaranteed returns, and insurance in one package.
Who Should Buy Jeevan Umang?
- Young professionals who want lifetime income with low risk.
- Parents who want to secure their children’s future.
- Middle-class families looking for both insurance and guaranteed retirement pension.
- Senior citizens (till 55 years) who want lifetime coverage and tax benefits.
Limitations of Jeevan Umang
No plan is perfect. Some limitations include:
- Returns are lower compared to equity investments.
- Long-term commitment is required (15–30 years of premium).
- Early surrender may reduce benefits.
However, for risk-averse investors, these drawbacks are acceptable in exchange for stability.
Step-by-Step: How to Buy LIC Jeevan Umang Policy
- Visit the nearest LIC branch or official agent.
- Choose the Sum Assured and Premium Payment Term.
- Fill in the proposal form with KYC documents.
- Undergo a medical test if required.
- Pay the first premium and activate your policy.
- Keep track of payments via LIC’s online portal.
Why LIC Jeevan Umang is Called “One Policy for Three Needs”
- Insurance Protection: Your life is covered, and your family is safe.
- Investment and Savings: Your money grows with bonuses.
- Pension-like Income: Regular payouts act as a second income post-retirement.
This is why people say it is like hitting three birds with one stone.
LIC Aplly link
Financial planning is not about making the highest profit, but about balancing safety, security, and growth. LIC Jeevan Umang is designed for exactly this purpose. With just a small daily saving of ₹25 to ₹50, you can secure a guaranteed payout of lakhs of rupees, lifelong financial protection for your family, and retirement income for yourself.
In uncertain times when stock markets are risky and bank interest is declining, Jeevan Umang shines as a safe, disciplined, and responsible investment.
Start small today, and ensure a worry-free tomorrow.