LIC Jeevan Umang
A whole life participating plan that pays 8% of the sum assured as annual survival benefit every year after the premium paying term ends, with the full sum assured paid on death or at age 100.
Data verified: 15 July 2026
8% Annual Survival Benefit
After the premium paying term, receive 8% of the sum assured every year as a guaranteed annual income for life — essentially a self-funded pension.
Whole Life Cover till 100
Life cover continues to age 100, with the full sum assured paid on death at any point.
Participating Bonuses
Earns LIC reversionary bonuses and final additional bonus on top of the guaranteed survival benefits.
Ideal for Retirement Planning
The survival benefit stream functions as a guaranteed annuity funded by a one-time premium commitment.
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Quick Facts
Entry Age
90–55 years
Policy Term
Whole life (till age 100)
Premium Paying Term
15 / 20 / 25 / 30 years
✓ Last verified 15 Jul 2026
Premium Modes