Invest Rs 199 Daily In This Policy To Get A Return Of Rs 94,72,500; Here’s How

Investing in Life Insurance Corporation of India (LIC) is considered quite beneficial. If you are planning to invest without risk, then you can invest in LIC’s ‘Jeevan Umang’ policy. If you want to do financial planning then you can get a big return by investing in this policy.

It is an endowment plan and can be purchased for people between 15 years to 55 years of age. The specialty of this scheme is that it provides cover up to the age of 100 years. In the event of the death of the policyholder, the family is given a lump sum amount i.e. the premium paid on the policyholder’s death is returned to the nominee. The premium paying term in this policy is 15, 20, 25 and 30 years.

At the end of the premium, the policyholder is paid a minimum amount with a guarantee after the entire installment is paid. That is, if you deposit all the installments at the right time, then you will continue to get returns after paying all the installments. Eight per cent of the insurance returns will be available every year for life.

You can invest Rs 199 daily in this policy with a return of Rs 94,72,500, understand by example:

Age: 25

Term: 74

PPT: 15

AD and DAB: 900000

Death Sum Assured: 900000

Basic Sum Assured: 900000

First Year Premium with 4.5% Tax: –

Annual: 74388 (71185 + 3203)

Half Yearly: 37572 (35954 + 1618)

Quarterly: 18975 (18158 + 817)

Monthly: 6325 (6053 + 272)

YLV Mode Average Premium / Daily: 203

With 2.25% tax after first year premium: –

Annual: 72787 (71185 + 1602)

Half Yearly: 36763 (35954 + 809)

Quarterly: 18567 (18158 + 409)

Monthly: 6189 (6053 + 136)

YLV Mode Average Premium / Daily: 199

Total Estimated Premium Payable: 10,93,406

Estimated Return from 40 to 100 years of age or till lifetime survival: Rs 72,000 annually

Estimated returns till the age of 100 years

SA: 90,00,00

Total Bonus: 85,72,500

Estimated Return up to age 100: 94,72,500

Suppose a person who is 25 years of age and chooses the 15 years premium paying term plan (74 years term) option, then he has to pay a total premium of 10,93,406. During this time period, the policyholder will get a total estimated return of Rs 94,72,500 on an investment of Rs 199 daily. After paying the premium for 15 years, from the age of 40, 8% of this amount will be given every year for lifetime, which will be Rs 72,000 annually.


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