What the 10% income in LIC Jeevan Utsav policy implies
The policy only offers subscribers a guaranteed 10% payout of the sum assured annually
Stay updated with breaking news from Lics Jeevan Utsav. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The policy only offers subscribers a guaranteed 10% payout of the sum assured annually
LIC has introduced a new non-par product, LIC Jeevan Utsav, featuring a combination of limited pay (5–16 years) with lifelong income. Non-par is a value-adding segment, and an increase in the share of non-par can boost LIC’s overall margins.
LIC’s new plan ensures lifelong income and risk coverage, fulfilling the prolonged demand for a more flexible, lower premium payment term. This comprehensive life insurance product includes five optional riders.
LIC’s latest plan provides assured lifelong income and lifelong risk coverage, addressing the long standing request for a more flexible and lower premium paying term. This whole life insurance product offers five optional riders.