LIC Jeevan Umang Plan 945 – 8% Annual Income for Life

LIC Jeevan Umang – Guaranteed Lifetime Income

LIC Jeevan Umang (Plan 945) is a unique whole life plan that provides regular annual income after the premium payment term ends — and this income continues for your entire lifetime! No other LIC plan offers this combination of savings, life cover, and lifetime income.

How the 8% Annual Income Works

After your Premium Paying Term (PPT) ends, LIC pays you 8% of Sum Assured every year as survival benefit — for the rest of your life. If you have ₹10 Lakh SA, you get ₹80,000 every year after PPT ends. That's ₹6,667 per month as guaranteed income!

PPT Options

• PPT 15 years: Income starts from age 15+entry age
• PPT 20 years
• PPT 25 years
• PPT 30 years

Death Benefit

If you die during PPT: Full SA + bonus + FAB paid to nominee. If you die after PPT: Full SA + accumulated bonus paid to nominee even after receiving annual incomes for years.

Premium Example

Age 30, ₹10L SA, PPT 20 years: Annual Premium ≈ ₹69,650. After 20 years, you get ₹80,000/year income FOREVER. The plan covers you till age 100. Calculate exact amount with our Jeevan Umang calculator.

Who Should Buy?

Plan 945 is ideal for retirement planning. If you start at 30 with PPT 20, income starts at 50 — perfect for post-retirement income. It's also great for creating a secondary income stream.