Pay for 5 Yrs, Enjoy Returns for Life: Unveiling LIC Jeevan Utsav’s Unwavering Value
On Nov 29th King Of Indian Insurance Sector “LIfe Insurance Co-operation of India “ Shortly Our (LIC) 🌿 has Announced Jeevan Utsav Scheme with Plan No: 871 (UIN:512N363V01)
You Will Get LIFE TIME RETURNS by Paying Premium Only On Selected time Period
LIC Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan that offers guaranteed returns and a lump sum payment on death. The plan also provides an optional loan facility and an early exit option.
Key Features of the Plan:-
Guaranteed returns of 10% of the sum assured are paid annually after the completion of the premium payment term.
- A lump sum payment of the sum assured is paid on death.
- An optional loan facility is available up to 90% of the surrender value.
- An early exit option is available after the completion of three full years of premium payment.
Eligibility :-
- Age: 90 days to 65 years
- Minimum sum assured: Rs. 2 lakhs
- Maximum sum assured: No limit
Premium payment terms:-
- Regular premiums: Pay premiums annually, half-yearly, quarterly, or monthly.
- Single premium: Pay a single premium.
- Flexi premium: Pay premiums at any time and in any amount.
Benefits:-
- Guaranteed returns: The plan offers guaranteed returns of 10% of the sum assured, which is higher than most other insurance plans.
- Lump sum payment on death: The plan provides a lump sum payment of the sum assured on death, which can help your family meet their financial needs.
- Loan facility: The optional loan facility can be used to meet your immediate financial needs.
- Early exit option: The early exit option allows you to exit the plan after three full years of premium payment and receive a surrender value.
Yes, I do. LIC Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan that offers guaranteed returns and a lump sum payment on death. The plan also provides an optional loan facility and an early exit option.
Key features of the plan:
- Guaranteed returns of 10% of the sum assured are paid annually after the completion of the premium payment term.
- A lump sum payment of the sum assured is paid on death.
- An optional loan facility is available up to 90% of the surrender value.
- An early exit option is available after the completion of three full years of premium payment.
Eligibility:
- Age: 90 days to 65 years
- Minimum sum assured: Rs. 2 lakhs
- Maximum sum assured: No limit
Premium payment terms:
- Regular premiums: Pay premiums annually, half-yearly, quarterly, or monthly.
- Single premium: Pay a single premium.
- Flexi premium: Pay premiums at any time and in any amount.
Benefits:
- Guaranteed returns: The plan offers guaranteed returns of 10% of the sum assured, which is higher than most other insurance plans.
- Lump sum payment on death: The plan provides a lump sum payment of the sum assured on death, which can help your family meet their financial needs.
- Loan facility: The optional loan facility can be used to meet your immediate financial needs.
- Early exit option: The early exit option allows you to exit the plan after three full years of premium payment and receive a surrender value.
Overall, LIC Jeevan Utsav is a good plan for those who are looking for a guaranteed return investment with a life insurance cover. The plan is also suitable for those who want the flexibility to pay premiums at their convenience.
The policyholder will have two options to choose at inception of the cover. The benefits will vary as per the option chosen.
- Option I — Regular Income Benefit
- Option II — Flexi Income Benefit
- Regular Option
The Regular Option is the simplest way to pay premiums for the LIC Jeevan Utsav plan. You can choose to pay premiums annually, half-yearly, quarterly, or monthly. The premium amount will be fixed for the entire policy term.
Benefits of the Regular Option:
- Fixed premiums: You know exactly how much you will be paying each year.
- Budgeting: You can easily budget for your premiums.
- Peace of mind: You don’t have to worry about making premium payments.
2. Flexi Plan
The Flexi Plan offers more flexibility in paying premiums. You can choose to pay premiums at any time and in any amount. This means that you can adjust your premium payments according to your financial needs.
Benefits of the Flexi Plan:
- Flexibility: You can pay premiums when you have the money.
- Convenience: You can make premium payments through a variety of methods, including online, over the phone, or in person.
- Control: You have more control over your premium payments.
Which option is right for you?
The best option for you will depend on your individual needs and preferences. If you are looking for a guaranteed income, then the Regular Income Benefit option is a good choice. If you want more flexibility, then the Flexi Income Benefit option is a better option.
This Return just for the 5 year basic Premium Plan — 5 Lakhs
