LIC Jeevan Umang Insurance Policy - Eligibility, Benifits, Bonus and Maturity.
Financial Analysis of the LIC Jeevan Umang Policy (UIN: 512N312V03) 1.0 Executive Overview and Policy Framework The LIC Jeevan Umang policy is positioned within the whole life insurance market as a comprehensive financial instrument that blends long-term savings, guaranteed income, and life protection. A thorough financial evaluation of this product requires a strategic understanding of its core structure, which integrates these three elements into a single, participating, non-linked plan. This analysis deconstructs the policy's financial mechanics, from its premium costs and benefit calculations to its liquidity and contingency provisions, providing a clear view of its value proposition for the policyholder. Core Policy Characteristics The fundamental features of the Jeevan Umang policy are: Plan Type: A Participating, Non-Linked, Individual, Savings, Whole Life Insurance Plan. Primary Value Proposition: It offers a dual benefit of a steady income stream and comprehensive life p...