LIC launches Jeevan Utsav single premium plan offering lifelong income, risk cover; details here
Mumbai: LIC of India has launched the new Jeevan Utsav Single Premium plan offering lifelong income and risk cover. The new plan was launched by the CEO & MD of LIC of India, R. Doraiswamy, on Tuesday, January 6.
LIC’s Jeevan Utsav Single Premium is a Non-Participating, Non-Linked, Individual Savings Whole Life Insurance plan, designed as a single premium product with the accrual of Guaranteed Additions during a specified Guaranteed Addition period.
The plan carries the Unique Identification Number (UIN) 512N392V01 and aims to provide policyholders with assured lifelong financial security.
The plan is available for individuals aged from 30 days to 65 years. The minimum Basic Sum Assured is ₹5 lakh, while there is no upper limit, subject to underwriting decisions as per LIC’s Board Approved Underwriting Policy. Under the plan, Guaranteed Additions accrue at the rate of ₹40 per thousand of the Basic Sum Assured at the end of each policy year during the Guaranteed Addition period.
For survival benefits, policyholders can choose between two options.
Under Option I – Regular Income Benefit, the policyholder receives 10% of the Basic Sum Assured as income at the end of each policy year, commencing after a deferment period ranging from 7 to 17 years, as chosen at inception.
Under Option II – Flexi Income Benefit, the same 10% income can be deferred and accumulated for withdrawal at a later stage, subject to policy conditions. LIC will pay interest at 5.5% per annum, compounded yearly, on such deferred Flexi Income amounts.
In the event of death after the commencement of risk, the policy provides a Death Benefit equal to the Sum Assured on Death along with accrued Guaranteed Additions, provided the policy is in force. The Sum Assured on Death is defined as the higher of the Basic Sum Assured or 1.25 times the Tabular Single Premium.
On survival till maturity, the Maturity Benefit payable will be the Sum Assured on Maturity along with accrued Guaranteed Additions. The Sum Assured on Maturity is also defined as the higher of the Basic Sum Assured or 1.25 times the Tabular Single Premium.
The plan offers additional liquidity through loan facilities and includes attractive High Sum Assured Rebates. Policyholders may also opt for two additional riders by paying an an extra premium, subject to eligibility conditions: LIC’s Accidental Death and Disability Benefit Rider and LIC’s New Term Assurance Rider.
LIC has advised customers to refer to the Product Prospectus and Sales Brochure for detailed terms and conditions or visit the official website.
The Jeevan Utsav Single Premium plan can be purchased offline through licensed agents, corporate agents, brokers and Insurance Marketing Firms, as well as online directly through LIC’s website.
LIC’s Jeevan Utsav Single Premium plan will be available for purchase from January 12, 2026.
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Naval information leak case: Fourth accused held
Udupi (Karnataka) (PTI): The Udupi police have arrested another accused in a case involving the alleged transmission of confidential information related to the Indian Navy to Pakistan, taking the total number of arrests to four, officials said on Thursday.
The arrested accused has been identified as Alif Islam (21), a native of West Bengal, who was presently residing at Marayur village in Idukki district of Kerala, they said.
He was apprehended in connection with the alleged leak of a confidential list containing identification numbers of Indian naval vessels, police said.
According to investigators, the accused are suspected to have shared sensitive information through WhatsApp and Facebook with contacts in Pakistan without authorisation.
The case was registered at Malpe police station in 2025 following a complaint regarding the alleged illegal transmission of naval-related data, officials said.
Police said the investigation pertains to the alleged sharing of a classified list of ship numbers linked to the Indian Navy.
In November 2025, two accused -- Rohit and Santri from Uttar Pradesh -- were taken into custody in connection with the same case. Later, Hirendra Kumar from Gujarat was arrested in December 2025.
With the latest arrest, the number of persons held in the case has risen to four.
Police said one more accused is yet to be apprehended. The operator of the Facebook page allegedly used to transmit the information also remains at large.
Investigators suspect that Islam may be a Bangladeshi national, and efforts are on to verify his citizenship and other credentials.
Further investigation is under way, police added.
