LIC Launches ‘Jeevan Utsav’ Single Premium Whole Life Savings Plan from January 12, 2026

The Life Insurance Corporation of India (LIC) is set to launch a new insurance product, the Jeevan Utsav plan, aimed at providing a comprehensive savings solution. This plan will be available for purchase starting January 12, 2026. 

Details of the Jeevan Utsav Plan 

LIC's Jeevan Utsav is a single premium, non-par, non-linked, individual savings, whole life insurance plan. It is designed to cater to the domestic market, offering policyholders a robust savings option with the added benefit of life insurance coverage.  

The plan is structured to provide financial security and peace of mind to individuals seeking a reliable savings instrument. 

Availability and Market Focus 

The Jeevan Utsav plan will be exclusively available in the domestic market. LIC has not extended this product to international markets, focusing instead on meeting the needs of its Indian customer base.  

The plan will be accessible through LIC's extensive network of agents and its official website. 

Read More: LIC Announces Special Drive to Restart Lapsed Life Insurance Policies! 

Launch Date and Accessibility 

Customers can purchase the Jeevan Utsav plan starting January 12, 2026. LIC has ensured that the plan details and purchase options will be readily available on their website, www.licindia.in, allowing potential policyholders to make informed decisions. 

LIC Launches Lapsed Policy Revival Drive 

Separately, LIC has announced a special revival drive for lapsed individual life insurance policies, running from January 1 to March 2, 2026.  

The facility applies to policies that lapsed during the premium-paying term and allows revival within five years from the date of the first unpaid premium, subject to policy conditions.  

As part of the drive, eligible policyholders can avail concessions on late fees, with additional relief extended to micro insurance policyholders through a complete waiver of such charges 

Life Insurance of India Share Price Performance  

As of January 06, 2026, at 9:21 AM, Life Insurance of India share price on NSE was trading at ₹853.00 up by 0.80% from the previous closing price.  

Conclusion 

LIC's introduction of the Jeevan Utsav plan reflects its commitment to offering diverse insurance products tailored to the needs of the domestic market. This new plan provides a single premium savings solution with the added benefit of life insurance coverage, catering to individuals seeking a secure financial future. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.