LIC Launches 'Jeevan Utsav' Single Premium Plan for Lifelong Income & Life Cover

• LIC introduces 'Jeevan Utsav' single premium plan offering lifelong income and life cover.
• The plan is non-linked, non-participating, and provides guaranteed additions of Rs. 40 per Rs. 1,000 basic sum assured.
• Available for ages 30 days to 65 years, with a minimum basic sum assured of Rs. 5 lakhs.
• Policyholders can choose Regular Income Benefit (10% of basic sum assured annually) or Flexi Income Benefit with 5.5% annual interest.
• Death benefit includes basic sum assured or 1.25 times single premium plus guaranteed additions; loan facility and optional riders available.

Why It Matters: LIC's new Jeevan Utsav plan offers lifelong income, life cover, and guaranteed additions with a single premium.