LIC Jeevan Utsav is a non-linked, participating, individual, whole-life insurance plan launched by the Life Insurance Corporation of India (LIC). It’s designed to offer life-long protection along with the option of guaranteed regular income or lump-sum benefits after the premium payment term is over. Here’s a breakdown of its key features: 🔑 Key Features of…

LIC endowment plans are a type of life insurance policy that combines the benefits of life insurance coverage with savings.1 Here’s a breakdown: What LIC Endowment Plans Are: Why Consider Purchasing an LIC Endowment Plan: Important Considerations: When considering a LIC endowment plan, it is always wise to contact LIC or a certified financial planner,…

LIC Term Insurance Plans are pure life insurance policies that provide financial protection to your beneficiaries in the event of your death during the policy term.1 Here’s a breakdown: What LIC Term Insurance Plans Are: Why Consider Purchasing an LIC Term Insurance Plan: Key Considerations: Term insurance is generally considered a fundamental part of a…

LIC whole life plans are a type of life insurance that provides coverage for the entirety of your life, as opposed to a term life policy that covers you for a specific period. Here’s a breakdown: What LIC Whole Life Plans Are: Why Consider Purchasing an LIC Whole Life Plan: Key Considerations: To get the…

LIC money-back plans are a type of life insurance policy that provides periodic payouts during the policy term, along with life insurance coverage. Here’s a breakdown: What LIC Money-Back Plans Are: Why Consider Purchasing an LIC Money-Back Plan: Key Considerations: As always, for the most accurate and up to date information, it is best to…

LIC rider plans are essentially add-ons that you can purchase to enhance the coverage of your base LIC life insurance policy. They provide extra protection against specific risks, offering a more comprehensive safety net. Here’s a breakdown: What LIC Rider Plans Are: Why Consider Purchasing an LIC Rider Plan: Common LIC Rider Types: When considering…