LIC’s Jeevan Utsav (Plan No. 771) is a unique, single premium, non-linked, participating savings plan launched by the Life Insurance Corporation of India. It provides financial
security along with guaranteed returns and bonuses. Below is the detailed description of the plan:
- It is an individual cum Savings, Whole Life
Insurance plan ideally suitable for all the
age groups starting from new born babies
to senior citizens
- This plan offers the Guaranteed Addition @
Rs. 40 per 1000 Sum Assured during PPT.
- This plan also offers Survival Benefit in the
form of either Regular Income Benefit or
Flexi Income Benefit.
- Under Regular Income Benefit income will
be received @ 10% of Sum Assured and
under Flexi Option it can be deferred and
accumulate @ 5.5% compounding int.
Under Regular Income Benefit income will
be received @ 10% of Sum Assured and
under Flexi Option it can be deferred and
- Option to withdraw 75% of accumulated
amount once in a year under Flexi Income
Benefit option.
- In case in any financial emergency, this
plan also takes care of liquidity needs
through Surrender and Loan facility.
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In case in any financial emergency, this
plan also takes care of liquidity needs
- Limited Premium Paying Term plan with PPT
from 5 years to 16 years with premium
modes as Yearly, Half Yearly, Quarterly and
Monthly.
- Sum Assured on Death” is defined as Basic
Sum Assured OR 7 times of Annual Premium
whichever is higher with Accrued
Guaranteed Additions.
