LIC New Policy: LIC has recently launched a new policy. Its name is Jeevan Utsav Yojana. We are telling you about its special features.
LIC Jeevan Utsav Policy: The country’s largest insurance company, Life Insurance Corporation of India, keeps bringing insurance policies for different sections as per their needs. Recently LIC has started a new plan, named LIC Jeevan Utsav. This is an individual, savings and whole life insurance plan, in which you are getting the benefit of guaranteed returns. If you also want to take advantage of this plan, then we are giving you information about its details.
Who can invest?
Investment in LIC Jeevan Utsav Plan can be made from 8 years to 65 years of age. Under the scheme, the premium will be paid between five years and 16 years. How much return you will get in the plan will depend only on the period for which you have invested in the plan. Under this scheme, investors will get a sum assured of at least Rs 5 lakh. Under this scheme you get two options. You can choose either regular income or flexi income option.
Getting the benefits of term insurance
By investing in LIC Jeevan Utsav Plan, customers are getting the benefits of both term and life insurance. Because of this, like term insurance, in this scheme you are getting the benefit of coverage not only for a fixed period but for your entire life. For this reason it is a lifetime return guarantee scheme.
Getting the benefit of so much interest
By investing in this policy, investors will get the benefit of 5.5 percent interest rate on annual basis. This interest is being received on postponing two payment options and on the remaining shares. Under this scheme, customers will not get the benefit of lump sum maturity. In such a situation, this scheme works like a money back plan, in which you will get money from time to time. In case of flexi income option, investors are getting the benefit of strong interest rates of up to 10 percent at the end of every year.
Getting the benefit of death benefit
Under this scheme, the policy holder is getting the benefit of death benefit. If a policy holder dies prematurely, then in such a situation the nominee will get the benefit of extra income in addition to the sum assured. This payment can be equal to Rs 40 thousand every year. For this reason, in case of death benefit, you can get up to seven times the return on the annual premium.
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