Apply once, earn for life, this is LIC’s all rounder plan which gives 100% guarantee:

News India Live, Digital Desk: When it comes to money security and trust, the first name in the minds of Indian families is LIC (Life Insurance Corporation of India) Comes only. We all want that our money not only remains safe, but we also want to get a regular income till old age.

If you also want to stay away from the risk of share market and like ‘guarantee’, then LIC’s new “LIC Jeevan Utsav Policy” (LIC Jeevan Utsav – Plan 871) Can prove to be a game changer for you. This policy has become a topic of discussion as soon as it came in the market.

Let us understand in simple language what is special about this plan that makes it different and better than other policies.

1. Guaranteed lifetime income (Whole Life Income)
The biggest feature of this policy is that “Life Time Coverage”Generally insurance policies last till the age of 60-70 years, but ‘Jeevan Utsav’ lets you 100 years Provides cover up to.
The interesting thing is that only a few years after the end of the premium paying period, you 10% of Sum Assured every year It starts coming back, and this continues throughout life.

Understand with example:
Suppose you took a sum assured of Rs 5 lakh. After completion of premium paying time, LIC will pay you Rs. Rs 50,000 Will give. And this amount will continue to be received throughout life!

2. Who can take this policy?
LIC has designed this plan for everyone.

• Children: This policy can also be taken in the name of a child of 90 days (3 months) (a great gift for parents).
• Elder: Any person up to 65 years of age can invest in it.

3. Flexibility in paying premium
You don’t have to pay money all your life. as per your convenience 5 years to 16 years You can choose ‘Premium Paying Term’ up to Rs. The shorter the tenure of one year you choose, the sooner the returns will start.

4. Loan & Death Benefit
God forbid, if any untoward incident happens to the policyholder, the family (nominee) ‘Sum Assured’ + Accrued Bonus Get it.
Apart from this, if there is a dire need of money in between, then you can avail this policy. Loan Can also take.