Key features of Jevan Utsav

  • Whole life insurance with limited premium payment
  • Two options available at inception to choose the benefit under the plan
      • Option I – Regular Income Benefit
      • Option II – Flexi Income Benefit
  • Guaranteed Additions throughout Premium Paying Term
  • Flexibility to choose Premium Paying Term from 5 Years to 16 Years
  • Benefit of attractive High Sum Assured Rebate
  • Option to enhance coverage by opting for riders on payment of additional premium
  • Takes care of liquidity needs through loan facility

Eligibility Conditions

Eligibility Conditions Years
Minimum Age at the beginning of Policy Year in which first Regular Income Benefit/ Flexi Income Benefit becomes due as per Option
18 Years (Completed)
Maximum Premium ceasing age
75 Years (Nearer Birthday)

Rider Benefits

Business is the activity of making one living or making money by producing or buying and selling products. Simply put it is any activity or enterprise entered into for profit.

LIC’s Accidental Death and Disability Benefit Rider

LIC’s New Term Assurance Rider

LIC’s Premium Waiver Benefit Rider

LIC’s Accident Benefit Rider

LIC’s New Critical Illness Benefit Rider

Payment Of Premiums

Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals (monthly premiums through NACH only) or through salary deductions.

Revival

Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals (monthly premiums through NACH only) or through salary deductions.

Paid-Up Value

Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals (monthly premiums through NACH only) or through salary deductions.

Surrender

Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals (monthly premiums through NACH only) or through salary deductions.

Policy Loan Available

Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals (monthly premiums through NACH only) or through salary deductions.