LIC Jeevan Umang (745) — Premium, Benefits & Calculator
LIC Jeevan Umang (745) pays you a guaranteed income for life after your premium term ends, and cover continues to age 100 — a plan built for lifelong, regular cash flow. See your premium below.
Calculate my premium →About LIC Jeevan Umang (745)
LIC Jeevan Umang is a participating, non-linked whole-life plan. You pay premiums for a chosen term (15, 20, 25 or 30 years); after that, the plan pays a survival benefit of 8% of the Basic Sum Assured every year for the rest of your life, and cover continues up to age 100.
At age 100 (or on earlier death) the Basic Sum Assured plus vested bonuses and Final Additional Bonus is paid. It is popular for creating a lifelong income stream while leaving a legacy for the family.
Key details at a glance
| Plan type | Whole-Life Participating |
| Entry age | 0 to 55 years |
| Cover | Whole life |
| Premium-paying term | 15 / 20 / 25 / 30 years |
| Minimum sum assured | ₹ 2,00,000 |
| GST on premium | Nil (exempt from 22 Sep 2025) |
Benefits
- Lifelong income: 8% of the Basic Sum Assured paid every year after the premium-paying term, for life.
- Whole-life cover to age 100, with the sum assured plus bonuses paid at 100 or on earlier death.
- Choice of paying term: 15, 20, 25 or 30 years to suit your income horizon.
- Bonuses accrue as a participating plan and boost the final payout.
How much is the premium?
The premium depends on your age, the term or paying period you choose, and the sum assured. The figures here come from LIC’s own official rate tables, so they match LIC’s quotation to the rupee.
Frequently asked questions
What income does Jeevan Umang pay?
8% of the Basic Sum Assured every year, starting after your premium-paying term and continuing for life.
Until what age does cover continue?
To age 100; the sum assured plus bonuses is paid at 100 or on earlier death.
What paying terms are available?
15, 20, 25 or 30 years — select the one you want in the calculator to see the premium.
Is any GST added to the premium?
No — individual life-insurance premiums are GST-exempt from 22 September 2025.
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Disclaimer: BimaJaano is an independent tool and is not affiliated with the Life Insurance Corporation of India. Premium figures are based on LIC’s published tabular rates and are for guidance; benefit descriptions are summaries of the plan’s official terms. Confirm exact figures and features with LIC before buying.