LIC Jeevan Utsav is a non-participating, non-linked, individual savings plan that provides life insurance coverage and lifetime income. The plan is available to individuals aged 90 days to 65 years and offers premium payment terms of 5 to 16 years. It offers regular income or flexi income options, and pays the sum assured and a guaranteed additional amount to the nominee upon death.
LIC Kanyadan Plan (which is considered a customized version of LIC Jeevan Lakshya Policy ) is a special plan created by Life Insurance Corporation of India (LIC) to meet the future financial security, education and marriage expenses of daughters.
LIC Mutual Fund, a subsidiary of the Life Insurance Corporation of India (LIC), was established in 1989.It offers a variety of schemes for investors, including equity, debt, and hybrid funds. It is known for its systematic investment discipline, financial ethics, and strong fund management.
