LIC Jeevan Umang Plan 745 Returns & Analysis
•By LicBaba Expert Team•6 min read
Jeevan Umang is a whole-life insurance plan that offers regular pension-like cash flows. Check how the 8% annual returns and maturity payouts compound over time.
LIC Jeevan Umang (Plan 745) [जीवन उमंग प्लान 745] provides a unique combination of lifetime risk coverage and annual survival payouts. This makes it an ideal retirement planning tool for individuals who want guaranteed cash flows after a specific age while leaving a legacy cover for their family.
How the Survival & Maturity Payouts Work
Jeevan Umang operates in two distinct phases:
- Premium Paying Term (PPT): Proposers pay premiums for 15, 20, 25, or 30 years. Reversionary bonuses accrue annually during this phase.
- Survival Phase: Once the PPT ends, you pay nothing. Instead, LIC pays you **8% of the Sum Assured** every year until age 100 or death.
- Maturity at Age 100: If you survive to age 100, you receive a lump sum payout consisting of the Sum Assured + accumulated bonuses.
Real-World Calculation Example
For a 30-year-old purchasing a ₹10 Lakh Sum Assured policy with a 20-year PPT:
- Sum Assured: ₹10,00,000
- Annual Premium: ≈ ₹52,000
- Total Premiums Paid (20 Years): ₹10,40,000
- Annual Survival Benefit (Pension): ₹80,000 / Year (from age 50 to 100)
- Total Survival Benefits (50 Years): ₹40,00,000
- Maturity Payout at Age 100: ₹23,00,000
- Total Benefits Received: ₹63,00,000
- XIRR Return Yield: 5.25% (Tax-Free)
Calculate Your Jeevan Umang Returns
Use our Jeevan Umang calculator to analyze premium schedules, annual pension values, and legacy benefits.
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