LIC Jeevan Utsav Single Premium Plan: Life Insurance Corporation of India introduced the Jeevan Utsav Single Premium policy as a long-term savings and protection solution for people who prefer paying once and staying insured for life. This plan combines guaranteed benefits with financial security, making it suitable for conservative investors looking for stable returns.
The policy provides whole-life coverage, guaranteed additions, and options for regular income. It focuses on safety, predictability, and financial support for families. With a single payment and long-term benefits, it is designed for retirement planning, wealth protection, and creating a dependable source of income over time.
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Key Features Of LIC Jeevan Utsav Single Premium Plan
The Jeevan Utsav Single Premium plan allows policyholders to pay the premium only once at the start. This removes the need for yearly or monthly payments and keeps the policy active for life without any future financial commitment.
The plan offers whole-life coverage, guaranteed additions, and flexible income options. It is a non-linked and non-participating policy, which means returns are stable and not affected by stock market changes, making it a safe long-term option.
One Time Payment Advantage And Long Term Security
One of the biggest benefits of this plan is the single premium feature. Policyholders make a one-time payment and remain insured for life. This is helpful for people who have a lump sum amount and want to avoid multiple future payments.
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This feature provides peace of mind and simplifies financial planning. It ensures that the policy continues without interruption while offering both protection and savings benefits over the long term.
LIC Jeevan Utsav Single Premium Plan: Overview Table
| Feature | Details |
|---|---|
| Policy Type | Non-linked, non-participating life insurance plan |
| Premium Payment | Single premium paid once |
| Coverage | Whole life cover up to 100 years |
| Minimum Sum Assured | Around ₹5 lakh |
| Guaranteed Additions | Around ₹40 per ₹1,000 sum assured for defined period |
| Income Options | Regular income or flexi income |
| Maturity Benefit | Sum assured plus guaranteed additions |
| Death Benefit | Sum assured plus accumulated benefits |
| Risk Level | Low risk with guaranteed returns |
| Loan Facility | Loan available against policy value |
Lifetime Coverage And Financial Protection Benefits
The plan provides insurance protection for the entire lifetime of the policyholder, generally up to the age of 100 years. This ensures long-term financial security and protection for family members.
In case of the policyholder’s death, the nominee receives the sum assured along with guaranteed additions. This helps protect dependents financially and supports long-term family stability.
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Guaranteed Additions That Increase Policy Value
Guaranteed additions are added to the policy for a fixed period. These additions increase the overall benefit amount and improve the total maturity and death payouts over time.
The additions are usually calculated as a fixed amount for every ₹1,000 of the sum assured. This helps the policy grow steadily without depending on market performance or external conditions.
Flexible Income Options For Future Planning
After a certain period, the policyholder can choose a regular income option. This allows receiving steady payouts that can support retirement or daily financial needs.
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There is also a flexi income option where income can be accumulated and taken later as a lump sum. This gives flexibility in managing finances based on personal goals and requirements.
Maturity Benefits And Long Term Savings Support
If the policyholder survives the policy term, they receive the sum assured along with guaranteed additions. This creates a reliable source of savings for retirement or major life goals.
The maturity amount can help support future financial needs such as healthcare, family support, or personal investments. It works as a combination of insurance protection and savings growth.
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Death Benefit Support For Family Security
The plan offers strong financial protection for the family in case of the policyholder’s death. The nominee receives the full sum assured along with accumulated benefits.
This payout can help cover daily expenses, children’s education, or long-term financial responsibilities. It ensures that loved ones remain financially stable even during difficult times.
Low Risk Guaranteed Returns For Conservative Investors
This policy is not linked to market performance, which means returns are predictable and stable. It is suitable for people who prefer low risk and steady financial growth.
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Guaranteed returns provide financial certainty and protect the investment from market fluctuations. This makes the plan ideal for long-term financial security and peace of mind.
Loan Facility And Liquidity Support Features
Policyholders can take a loan against the policy after it builds value. This provides financial support during emergencies without canceling the policy.
The loan facility helps maintain financial flexibility while keeping the insurance protection active. It ensures that funds are available when needed without disturbing long-term planning.
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