New Delhi, May 6 -- The Jeevan Utsav plan provided by Life Insurance Corporation of India (LIC) is a non-linked, non-participating whole life insurance policy. This policy is designed to provide lifetime income and risk coverage.

This particular insurance plan is developed with an objective to assist individuals seeking long term financial security with the option of flexibility in premium payment options. Before thinking about investing in this scheme it is important to know about five important facts:

The Jeevan Utsav scheme allows all policyholders to opt for premium payment terms ranging from 5 to 16 years. This takes into account various financial planning needs and goals. Further, this plan is available to individuals aged 90 days...