Lic Jeevan Utsav News Today

The Life Insurance Corporation of India has touched 5.71 trillion market capitalisation. 

LIC on Thursday reclaimed market capitalization of Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourses. 

Jeevan Utsav is meant to generate regular income over the long term, after the premium-paying years. The 10 percent on sum assured may sound stellar, but the internal rate of return is 5.7-6.04 percent, depending on age, sum assured, and premium-paying term.

LIC Jeevan Utsav Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers, Insurance Marketing Firms as well as Online directly through LIC website.

10 key features of LIC Jeevan Utsav

LIC Jeevan Utsav insurance plan will provide assured returns and after maturity, the policyholder will get 10 percent of the sum assured life long.

The guaranteed benefits product offers two payout options – regular income and flexi income – that will start between 11th and 19th policy years, depending on the premium paying term chosen

LIC Jeevan Utsav offers life insurance coverage for the duration of the policy holders life is a plus point. LICs Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan.