LIC Jeevan Umang (Plan No. 745) is one of the most powerful and unique whole-life insurance plans offered by the Life Insurance Corporation of India. It is specially designed for individuals who want lifelong protection, guaranteed annual income, and long-term wealth creation under a single policy.
Unlike traditional endowment plans that end at maturity, Jeevan Umang continues to provide benefits up to 100 years of age. After completing the premium-paying term, the policyholder starts receiving a guaranteed yearly income, while life cover continues for the entire lifetime. This makes Jeevan Umang an ideal plan for retirement income, legacy planning, and long-term family security.
In an era where job security, pension benefits, and market-linked investments are uncertain, Jeevan Umang offers stability, predictability, and peace of mind backed by LIC’s unmatched trust.
✔ Lifelong Guaranteed Income: Regular annual income provides financial stability even after retirement.
✔ Strong Retirement Planning Tool: Ideal for individuals without pension or retirement benefits.
✔ Wealth Creation: Bonuses and maturity benefit help create long-term wealth.
✔ Family Security: Death benefit ensures financial protection for dependents.
✔ Risk-Free Returns: Not linked to market volatility.
The policyholder selects a Basic Sum Assured and a premium-paying term. Premiums are paid for the chosen term, after which annual survival benefits start. These benefits continue every year till the age of 100 or death.
At the end of 100 years, if the policyholder survives, a lump-sum maturity benefit along with bonuses is paid. If death occurs at any stage, the nominee receives the death benefit ensuring financial continuity for the family.
Let us understand Jeevan Umang – 745 with a practical example.
Total Premium Paid:
₹44,000 × 20 years = ₹8,80,000 (approx)
Annual Survival Benefit:
8% of ₹10,00,000 = ₹80,000 per year
Survival income starts after 20 years and continues from age 50 to 100 (50 years).
Total Survival Income:
₹80,000 × 50 years = ₹40,00,000
Maturity Benefit (Age 100):
Basic Sum Assured + Bonuses
₹15,00,000 – ₹18,00,000 (approx)
Total Benefits Received:
Survival Income: ₹40,00,000
Maturity Amount: ₹15,00,000 – ₹18,00,000
Total Value: ₹55,00,000 – ₹58,00,000
Death Benefit Scenario:
If death occurs at any age, the nominee receives
Sum Assured + Bonuses, irrespective of survival income already paid.
Premiums and benefits are indicative and may vary based on age, Sum Assured, and LIC bonus declarations.
✔ Individuals planning guaranteed retirement income
✔ Salaried professionals without pension benefits
✔ Parents planning long-term family security
✔ Investors seeking safe, lifelong income plans
LIC Jeevan Umang – 745 is a rare combination of whole-life insurance, guaranteed income, and wealth creation. It provides financial independence after premium payments end and ensures family security for a lifetime.
For individuals seeking a safe, disciplined, and lifelong income plan backed by LIC’s trust, Jeevan Umang stands out as one of the strongest and most reliable choices available today.