The Life Insurance Corporation of India (LIC) has introduced LIC Jeevan Utsav, a single-premium life insurance plan aimed at offering simplified, long-term protection for policyholders. The plan officially opens for subscription starting January 12, 2026.
Key Features of LIC Jeevan Utsav
- Policy Type: Non-linked, non-participating, individual savings and whole-life insurance.
- Premium Structure: Single-premium payment made upfront, eliminating recurring premium obligations.
- Coverage: Lifelong insurance protection, independent of equity or debt market fluctuations.
- Benefit Certainty: Fixed benefits predetermined at the time of policy purchase; policyholders are not entitled to bonuses or a share in LIC’s surplus.
Target Audience
The plan is designed for individuals seeking long-term financial security without the burden of regular premium payments. Its fixed-benefit structure provides predictable outcomes and shields policyholders from market volatility, making it suitable for conservative investors.
Policyholders are advised to carefully review the policy terms, payout structure, and benefits before investing to ensure it aligns with their financial objectives.
Summary
LIC has launched Jeevan Utsav, a single-premium, whole-life insurance plan, open for subscription from January 12, 2026. The plan offers lifelong coverage with fixed benefits, no linkage to market performance, and a one-time upfront premium, making it ideal for individuals seeking stable, long-term financial protection without recurring payments.
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