LIC Launches 'Jeevan Utsav' Single Premium Policy, Revives Lapsed Plans

• LIC introduces 'Jeevan Utsav', a new single premium, non-linked, whole life insurance plan starting January 12.
• Policyholders pay premium only once, offering long-term security and savings without market risk.
• LIC also launched a special campaign until March 2 to revive lapsed policies nationwide.
• Discounts up to 30% (max INR 5,000) on late fees for non-linked policies; full waiver for micro-insurance.
• Lapsed policies can be revived within 5 years from the first unpaid premium date, with no medical relaxation.

Why It Matters: LIC offers new single premium 'Jeevan Utsav' policy and a special drive to revive lapsed plans.