LIC Jeevan Umang is a whole life insurance plan. In this life insurance plan, one has to make premium payments for a specific period. They would get money back every year (after that), would receive the maturity amount after the policy tenure and the risk coverage would be there till 100 years of age. This is the only plan from LIC that is covered for whole life. Should you opt for LIC Jeevan Umang? What are the various benefits available in LIC Jeevan Umang Plan No 945? Are there any negative factors in this plan?
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What are Whole Life Plans?
Whole Life Plans are the Insurance plans that are bought for the length of your life. The policy stays in force throughout the life of the insured. In India, under the Whole Life plans, if the policyholder survives till the age of 100, then…