LIC Jeevan Umang 945 Premium Calculator

About LIC Jeevan Umang Plan No. 945

With the LIC Jeevan Umang policy, you are guaranteed an annual income till the policy matures or the death of the life assured. A notable feature of this plan is that it offers long-term insurance protection till the age of 100! The annual income benefit starts from the end of the premium paying term and continues till the date of maturity or death within the policy term. Along with this survival benefit every year, policyholders will receive a lump sum payout as part of the sum assured on maturity and death. 

LIC Jeevan Umang 945 Premium Calculator

This online tool offers you insights into the premiums against your chosen cover. Based on the results, policyholders can pick the most comprehensive cover for themselves at affordable premium rates. LIC Jeevan Umang 945 premium calculator will also provide you with the maturity value and the death benefit amount that you and your family shall be entitled to on the respective occasions. 

Features Of The LIC Jeevan Umang 945 Premium Calculator

• The tool factors in the chosen basic sum assured, policy term, premium paying term, age of the buyer, gender, and smoking details to calculate the premium. 

• The premiums payable are displayed for monthly, quarterly, half-yearly, and yearly modes so that the most suitable and affordable option can be chosen.

• The tool can be accessed online on LIC’s official website, which is an indicator of the reliability of the tool. 

• The premium calculator offers instant results based on the inputs you provide. 

• It eliminates the need for third parties, thereby, reducing miscommunication or misselling. 

Important Features & Eligibility Of LIC Jeevan Umang 945

In order to use the LIC Jeevan Umang 945 Premium Calculator, you will need to know the specificities of the policy. 

1. Eligibility Criteria 

   Criteria	Minimum	Maximum
   Entry Age	90 days	55 years
   Age at the end of the Premium Paying Term	30 years	70 years
   Maximum Maturity Age	100 years
   Basic Sum Assured	Rs. 2,00,000	No Limit

2. Key Features of LIC Jeevan Umang

   • Guaranteed Survival Benefit - Following the end of the premium paying term, policyholders will receive 8% of the basic sum assured every year till the policyholder survives or till maturity.

   • Premium Paying Term - Premium paying term can be chosen from 15, 20, 25, or 30 years. 

   • Policy Term - The policy term can go on till the policyholder turns 100 years. The policy basically covers a person starting from the date of policy issuance to a maximum of 100 minus the entry age. 

   • Optional Riders - The policy comes with the choice of 5 riders. These riders enhance the coverage up to the rider sum assured. You can feed in the chosen rider in the LIC Jeevan Umang 945 premium calculator to see the changes in your premium. The rider benefits that can be availed are :

     • LIC's Accidental Death and Disability Benefit Rider

     • LIC's Accident Benefit Rider

     • LIC's New Term Assurance Rider

     • LIC's New Critical Illness Benefit Rider

     • LIC's Premium Waiver Benefit Rider 

   • Premium Rebates - Policyholders will get rebates on choosing yearly and half-yearly premium payment modes. Furthermore, rebates will also ply on choosing a sum assured of above Rs. 5 Lakhs. The percent of rebate increases the higher you go with the coverage.