Key Benefit Summary: Guaranteed 8% of Sum Assured every year after PPT for life + Lump sum at 100.
1. Policy Overview & Objectives
LIC Jeevan Umang is a participating non-linked whole life assurance plan providing guaranteed 8% annual survival payouts for life after premium paying term.
2. Key Highlights & Parameters
Policy TypeLIC Participating Whole Life Assurance
Sovereign Guarantee100% Guaranteed by Govt of India under Sec 37 LIC Act
Guaranteed Annual Payout8% of Basic Sum Assured every year after PPT
3. Eligibility Criteria
- Age: 90 Days to 55 Years.
- Minimum Sum Assured: ₹2,00,000.
4. Mandatory Documents Required
Proposal Form 300 / 340
LIC application form.
Age & Identity Proof
Aadhaar Card or Birth Certificate.
5. Step-by-Step Application Process
1
Apply at LIC Branch / Online
Select Basic Sum Assured and PPT.
6. Interactive Policy Calculator
Calculate Benefits for LIC Jeevan Umang
Use our updated 2026 mathematical algorithm with latest rates.
Launch LIC Jeevan Umang Calculator →7. Frequently Asked Questions (FAQs)
Immediately after completion of chosen PPT.
Researched & Verified By
View Author Profile →
Ananya Sharma
Women's Policy & Social Schemes Researcher | Policy Researcher — Women's Welfare & Social Security