LIC Jeevan Utsav is a non-linked, non-participating, individual savings and whole life insurance plan that provides regular income along with financial protection throughout life . It provides financial support to the family upon death of the insured and provides fixed income benefits or flexi income benefits (which pay interest annually)(5.5\%\)upon survival

The LIC Kanyadan policy is an insurance and savings plan for daughters' future. Saving ₹121 a day can create a corpus of up to ₹27 lakh. The investment period ranges from 13 to 25 years. Upon the policyholder's death, the family receives the sum assured, future premiums are waived, and the nominee receives the entire sum assured upon maturity. This plan also offers tax exemptions and other benefits.