LIC Scheme: The country’s largest insurance company, Life Insurance Corporation of India (LIC), is launching its exciting new product, “Jeevan Utsav Single Premium,” on January 12. If you want to avoid the hassle of paying premiums repeatedly and are looking for a plan that will last you a lifetime, this could be the best option for you.
What is the speciality of this plan?
Single Premium: You don’t have to make repeated deposits. Just pay the premium once and be worry-free.
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Whole Life Coverage: This plan gives you insurance cover for your whole life.
Guaranteed returns: This is a non-linked plan, meaning it’s not affected by stock market fluctuations. Your money is safe and your returns are guaranteed.
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Savings + Protection: In this, along with savings, you get the dual benefit of family protection (Life Cover).
Good news for those with discontinued policies!
LIC has not only introduced a new plan, but has also provided a significant opportunity to those whose old policies have lapsed due to some reason. LIC’s ‘Special Revival Campaign’ will run until March 2nd.
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Major benefits of the campaign
If your policy is non-linked, you can avail up to 30% discount (maximum Rs 5,000) on late fees (penalty). This is even better for those with small insurance plans. Their late fees will be completely waived off. The condition for this is that you can revive your policy within 5 years from the date of the first outstanding premium.
This is a great opportunity for those looking to reactivate their old policy or secure their future with a lump sum investment in the new year. This new plan will be available starting January 12th, and the old revival campaign is only valid until March 2nd.