LIC’s New Insurance Policy Arrives in the Market: LIC Jeevan Utsav

Mumbai, India – Life Insurance Corporation of India (LIC), the country’s leading insurance provider, has all set to launch its new Jeevan Utsav insurance plan (LIC Jeevan Utsav), offering policyholders a guaranteed 10% benefit in ten years. This comprehensive plan is designed to provide financial security and flexibility to meet diverse financial protection needs, said a source.

According to the sources, The plan provides a guaranteed 10% benefit in ten years, ensuring policyholders receive a substantial return on their investment.

Flexibility with Early Exit Options: Policyholders have the flexibility to withdraw funds early, subject to certain conditions. This feature allows policyholders to access their funds when they need them most, said sources, LIC yet to disclose prospectus of the news plan.

Comprehensive Protection: The plan offers comprehensive protection, including death benefit, maturity benefit, and surrender value, said sources.

Diverse Coverage Options: The plan provides a range of coverage options to suit individual needs and preferences.

Positive Impact on LIC Share Prices

The launch of the Jeevan Utsav plan has been met with positive market sentiment. LIC’s share prices have jumped 10% on the Bombay Stock Exchange (BSE) in recent days, reflecting strong investor confidence in the company’s growth prospects.

About LIC

Life Insurance Corporation of India (LIC) is India’s largest insurance provider, with over 65% market share. The company offers a wide range of insurance products, including life insurance, health insurance, and pension plans. LIC is committed to providing comprehensive insurance solutions to individuals and families across India.