LIC's Jeevan Utsav
LIC's Jeevan Utsav is a non-linked, non-participating, individual savings, whole life insurance plan introduced by the Life Insurance Corporation of India (LIC). This plan is designed to provide financial support to the policyholder's family in case of their unfortunate demise and offers survival benefits in the form of Regular Income Benefit or Flexi Income Benefit, depending on the option chosen by the policyholder. citeturn0search0 Key Features of LIC's Jeevan Utsav: Whole Life Coverage with Limited Premium Payment: The plan offers lifetime insurance coverage with the convenience of limited premium payments, ranging from 5 to 16 years. citeturn0search2 Guaranteed Additions: Throughout the premium-paying term, the policy accrues guaranteed additions of ₹40 per ₹1,000 of the Basic Sum Assured annually, enhancing the policy's value over time. citeturn0search2 Survival Benefits: Policyholders can choose between two survival benefit options at incep...