Savings + Protection
LIC Jeevan Utsav (Single Premium)
Single-premium whole-life plan with guaranteed additions and lifelong income.
About this plan
LIC’s Jeevan Utsav Single Premium is a Non-Par, Non- Linked, Individual, Savings, Whole Life Insurance plan. This is a Single Premium plan with accrual of Guaranteed Additions during Guaranteed Addition Period. Proposer can choose Guaranteed Addition Period from 7 years to 17 years. This plan provides financial support to family in case of unfortunate death of Life Assured and survival
Key features
- ✓Whole life insurance on payment of Single Premium
- ✓Two Survival Benefit Options available: o Option I - Regular Income Benefit o Option II – Flexi Income Benefit
- ✓Guaranteed Additions at the rate of Rs. 40 per Rs. 1000/- Basic Sum Assured during Guaranteed Addition Period
- ✓Lump sum payment at the time of maturity or on death of the life assured during the policy term.
- ✓Attractive rebate on premium for high Basic Sum Assured 2 -- 2 of 29 --
- ✓Rebate for existing Policyholder and Nominee / Beneficiary of the deceased Policyholder.
- ✓Option to enhance coverage by opting for riders on payment of additional premium for the rider
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