LIC Launches Single Premium Plan Jeevan Utsav: Subscription Starting Today January 12

The Life Insurance Corporation of India (LIC) has rolled out two key initiatives aimed at enhancing value for policyholders. Among them is the launch of a new single-premium insurance product, LIC Jeevan Utsav, designed to offer simplified and stress-free life cover.

The new plan is expected to appeal to investors seeking long-term insurance protection without the burden of recurring premium payments.

LIC Jeevan Utsav: Single Premium Whole Life Cover

LIC has announced that the LIC Jeevan Utsav Single Premium Plan will be open for subscription starting January 12. The product is classified as a non-linked, non-participating, individual savings and whole life insurance policy.

The plan provides lifelong insurance coverage without any linkage to equity or debt market movements. Since it is a single-premium policy, the entire premium is paid upfront at the time of purchase, removing the need for periodic premium payments over the policy term. This structure makes the plan particularly suitable for individuals who prefer a one-time financial commitment instead of managing long-term payment schedules.

Who Should Consider This Plan?

LIC Jeevan Utsav is tailored for individuals seeking stable, long-term financial protection combined with assured insurance benefits. As a non-linked policy, it offers certainty and insulation from market volatility, ensuring predictable outcomes.

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However, as a non-participating plan, policyholders will not be entitled to bonuses or a share in LIC’s surplus. All benefits are fixed in advance, making it essential for buyers to carefully assess the policy’s benefit structure, payout terms, and conditions before investing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.