Travelling Cash Flow

If the Life Insured is alive at the end of the 5th, 10th, and 15th years, 20% of the Basic Sum Assured is paid as Survival Benefit, and the policy continues. The remaining 40% of the Basic Sum Assured is paid on survival at the end of the policy tenure, along with the accrued bonus. As the name suggests, these plans offer you money at regular intervals and give out lump sum money in case of an unfortunate event. Such policies also provide you with guaranteed^~ survival benefits through the term of the policy and on maturity.

The benefits of LIC’s Jeevan Utsav Plan are given below: Survival Benefit: Option I - Regular Income Benefit: Upon survival, 10% of the Basic Sum Assured is paid yearly, starting from the specified policy year (see table below). All premiums must be paid in full. Option II - Flexi Income Benefit: 10% of the Basic Sum Assured is paid annually, with an option to defer and accumulate the benefit. Interest of 5.5% p.a. (compounding annually) is applied to deferred amounts. The policyholder can withdraw up to 75% of the accumulated amount once per policy year.