Life Insurance Corporation of India (LIC) has launched a special scheme, named Jeevan Utsav. LIC’s Jeevan Utsav is a non-linked, non-participating, individual, savings, whole life insurance plan. Based on the selected Premium Paying Term (Regular Income to Flexi Income), 10% of the Sum Assured is paid back annually after the specified years. The fact that this plan offers life insurance coverage for the duration of the policy holder’s life is a plus point.
