5 SPECIAL BENEFITS OF LIC JEEVAN UTSAV PLAN, YOU MUST KNOW THAT Before Investment

Life Insurance Corporation of India (LIC) is one of the most reliable insurance companies in the country, providing a variety of insurance plans that keep in mind in the needs of different classes. One of these schemes is Lic Jeevan Utsav (Jeevan UtsAV plan), which is a guaranteed return that is not connected, non-sharing life insurance policy. The greatest feature of this scheme is that it gives investors the confidence of lifelong income and lifespan. This scheme is extremely beneficial for those who want financial stability for the future, as well as flexibility in premium payment. Let us know what the five most important features of this policy are what makes it different from and plans. 1. In the premium payment, the policyholder gets the option to choose a premium payment term from 5 years to 16 years in Lic Jeevan Utsav Yojana. That is, you can decide according to your need how many years the premium must be filled. This scheme can include persons between 90 days and 65 years. Minimum insurance amount: £ 5 lakh no maximum limit – that is, as much insurance coverage can be taken as much as you want. 2. The guaranteed addition will increase the policy value every year during the premium payment period, each year, at the end of the policy, there is a guaranteed increase of £ 40 per £ 40 per £ 1,000 at the end of the policy. That is, the value of your policy increases on its own each year. This facility makes the scheme different from traditional insurance schemes, where bonuses and benefits depend on the performance of the market or company. 3. Life -For -Lifetime Revenue -strandy or Flexi option Once your premium payments period is over, you have two options: A standaly income benefit: In this, you start getting 10% of the insurance amount each year, which lasts life. It starts after the postponed period. Flexi Income Benefit: In this option, you can stop revenue benefits for some time and get 5.5% annual interest on it. It is useful for those who want a large amount in the future. 4. Safety to the family – death benefits If the policyholder dies unfortunately, then the nominee gets the death benefit of the policy. This amount contains the original insured and the guaranteed addition to it. The special thing is that this amount will be at least 105% of the premium, which helps the family overcome the economic crisis. 5. Additional facilities- Loan, Rider and Tax Introduction Loan Facility: If you regularly pay premiums in this policy regularly, you can take a loan to meet your needs. Rider option: Policies can add riders for additional safety with this policy, such as – accidental death benefit, disability advantage, coverage for critical illnesses and premium weveres. Tax Benefit: In terms of section 80c, tax exemption of up to £ 1.5 lakh annually under section 10 (10D), tax exemption on maturity and death benefit