LIC Scheme- Investing in the LIC Jeevan Utsav plan can earn you a monthly pension of Rs 15,000 after retirement. This pension provides you with financial security, allowing you to comfortably meet your old age needs. With this policy, you can pay premiums as per your choice, from 5 years to 16 years. The longer the investment period, the higher your pension will be. This plan is flexible to suit your financial needs.
Under this plan, investors receive a minimum sum assured of Rs 5 lakh. This means your capital will be protected and you will receive assured returns. Investors between the ages of 8 and 65 can invest in this plan.This plan offers not only a pension but also life insurance cover for the entire life. If the policyholder dies before the policy matures, the nominee receives 105% of the premiums paid as a bonus.
This policy offers an annual interest rate of 5.5%, which is provided as a delayed and cumulative flexi income benefit. The policyholder also has the option to choose between a regular income benefit and a flexi income benefit.
Getting the benefit of term insurance
By investing in the LIC Jeevan Utsav plan, customers receive the benefits of both term and life insurance. Unlike term insurance, this plan offers coverage not just for a specific period, but for the entire life. Therefore, it is a lifetime return guarantee plan.
Interest Rate in Jeev Utsav Policy
Once coverage begins, policyholders have two options to choose from: Regular Income Benefit and Flexi Income Benefit. Investors receive 5.5% annual interest on the delayed and cumulative Flexi Income Benefit. If the policyholder dies before the policy matures, the nominee receives a bonus of 105% of the total premiums paid up to that date.
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