Archive · 23 Aug 2026
LIC Jeevan Umang Explains Benefits of ₹5,000 Monthly Investment
LIC Jeevan Umang is an insurance plan that can protect a person for a long time.
The cover can continue up to age 100 if the policy conditions are met.
People may pay premiums for 15, 20, 25 or 30 years instead of paying forever.
After the payment period ends, the plan can provide an annual survival benefit.
In the example, paying about ₹5,000 each month means paying around ₹60,000 each year.
With a ₹10 lakh Basic Sum Assured, the annual benefit could be ₹80,000.
The policy may also pay money on death or maturity, along with eligible bonuses.
The actual amounts depend on the person’s age, chosen cover and other policy rules.
LIC Jeevan Umang offers whole-life insurance cover up to age 100, subject to policy terms.
Policyholders can choose premium-paying periods of 15, 20, 25 or 30 years.
In an illustration, a ₹5,000 monthly premium equals about ₹60,000 annually.
For a ₹10 lakh Basic Sum Assured, the annual survival benefit at 8% would be ₹80,000 after premiums end.
Death, maturity, bonus, loan and tax benefits depend on applicable policy conditions and prevailing rules.
- Who
- People buying LIC Jeevan Umang and their nominees.
- What
- A whole-life insurance plan offering life cover, annual survival benefits and possible death and maturity benefits.
- When
- Premiums may be paid for 15, 20, 25 or 30 years; annual survival benefits begin after the selected premium-paying term ends.
- Where
- Mumbai is the dateline; the article discusses the LIC policy generally.
- Why
- To provide long-term insurance protection and possible regular income after premium payments are completed.
- Plan
- LIC Jeevan Umang
- Maximum stated cover age
- Up to 100 years, subject to policy terms
- Premium-paying terms
- 15, 20, 25 or 30 years
- Illustrative monthly premium
- Approximately ₹5,000
- Illustrative annual premium
- Approximately ₹60,000
- Illustrative Basic Sum Assured
- ₹10 lakh
- Annual survival benefit
- 8% of the Basic Sum Assured, or ₹80,000 in the illustration