LIC Launches Jeevan Utsav: Single Premium, Guaranteed Lifetime Income!

• LIC introduces "Jeevan Utsav Single Premium" policy (Plan 883, UID 512N392V01) for guaranteed lifetime income and whole life insurance, launching January 12, 2026.
• This non-participating, non-linked plan ensures market independence and guaranteed benefits, requiring only a single premium payment.
• Offers two survival benefit options: Regular Income (10% Basic Sum Assured annually) or Flexi Income (accumulated 10% with 5.5% annual compound interest).
• Provides a death benefit (Sum Assured on Death + Accrued Guaranteed Additions) and a loan facility for financial flexibility.
• Ideal for retirement planning, offering family security and regular income with a lump-sum investment, available offline and online at licindia.in.

Why It Matters: LIC's new Jeevan Utsav policy offers guaranteed lifetime income and security with a single premium.