LIC Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan that provides financial support to the family in case of the unfortunate death of the policyholder and survival benefits in the form of Regular Income Benefit or Flexi Income Benefit as per the option chosen for the surviving policyholder.
Key Features:
- Guaranteed income for life
- Life insurance coverage
- Flexible income options
- Tax benefits
- Easy to understand terms and conditions
Benefits:
- Provides financial security for the family
- Offers guaranteed income for life
- Provides life insurance coverage
- Offers flexible income options
- Tax benefits
- Easy to understand terms and conditions
Eligibility:
- Age: 90 days to 65 years
- Minimum Sum Assured: ₹2,00,000
- Maximum Sum Assured: No limit
Premium Payment Options:
- Annual, Half-yearly, Quarterly, Monthly
Death Benefit:
- Sum Assured on Death along with accrued guaranteed additions
Maturity Benefit:
- Nil
Surrender Benefit:
- Guaranteed Surrender Value after completion of 2 policy years
Loan Facility:
- Available after completion of 2 policy years
Tax Benefits:
- Tax benefits under Section 80C of the Income Tax Act, 1961
For more information, please visit the official website of LIC or consult with an LIC agent.
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