Investing and saving have become a priority for many individuals, with various schemes and options available. One popular choice is the Life Insurance Corporation of India (LIC) policies, which offer impressive returns. Specifically, the LIC Jeevan Umang policy is gaining attention for its high returns. With a modest initial investment of just Rs 1,300, one can potentially build a fund of Rs 27.60 lakh, providing coverage for up to 100 years.
The policy is available for individuals aged 3 to 55, with a minimum insurance amount of Rs 2 lakh. Premium payment terms are flexible, lasting 15, 20, 25, or 30 years. For a 30-year plan, a monthly premium of Rs 1,302 is required, totalizing Rs 4.58 lakh over 30 years. This investment can potentially yield an annual return of Rs 40,000, resulting in a payout of Rs 27.5 lakh after 30 to 100 years.
In addition to the Jeevan Umang policy, other LIC schemes like Jeevan Anand and Jeevan Shanti offer promising returns. It is advisable to compare different policies before making an investment to ensure a secure future. It is crucial to note that any financial investment carries risk, and individuals should do so at their own responsibility.