Jeevan Utsav is meant to generate regular income over the long term, after the premium-paying years. The 10 percent on sum assured may sound stellar, but the internal rate of return is 5.7-6.04 percent, depending on age, sum assured, and premium-paying term.
LIC has introduced changes in its framework for the appointment of shareholders directors to its board. The tenure for the post will be four years and the person would be eligible for re-appointment
Belagavi: B P Ravi, senior divisional manager of LIC, said Jeevan Utsav, a new and a life-long guaranteed income policy, has been launched at the LIC’.
LIC’s new plan ensures lifelong income and risk coverage, fulfilling the prolonged demand for a more flexible, lower premium payment term. This comprehensive life insurance product includes five optional riders.
LIC Jeevan Utsav Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers, Insurance Marketing Firms as well as Online directly through LIC website.