Work Hours
Monday to Saturday: 8AM - 8PM
Weekend: 10AM - 6PM
Best LIC Agent in Kolkata, Somenath Naskar.
Schedule your FREE consultation today and let me help you find the best Insurance plan for you!
Call me on the below given number.
Are you looking for a savings plan that provides lifelong financial security? As the best LIC agent in Kolkata, I’m excited to introduce you to LIC Jeevan Utsav – a whole life insurance plan that offers both protection and savings benefits. Let’s dive into the details of this fantastic policy and see how it can secure your family’s future.
Table of Contents
Key Takeaways
- LIC Jeevan Utsav offers lifelong protection with limited premium payment terms
- Choose between Regular Income and Flexi Income benefits
- Enjoy guaranteed additions throughout the premium-paying term
- Customize your coverage with rider options
- Benefit from tax advantages on premiums and benefits
- Access policy loans for financial emergencies
What is LIC Jeevan Utsav?
LIC Jeevan Utsav is a non-linked, non-participating, individual savings, whole life insurance plan. It’s designed to provide financial support to your family in case of your untimely demise and offer survival benefits in the form of regular income or flexible income options.
“LIC Jeevan Utsav is like planting a tree that provides shade and fruits for generations to come.” – Somenath Naskar, LIC Agent in Kolkata
Key Features of LIC Jeevan Utsav
- Whole Life Insurance: Provides coverage for your entire lifetime
- Limited Premium Payment: Choose to pay premiums for 5 to 16 years
- Two Benefit Options:
- Regular Income Benefit
- Flexi Income Benefit
- Guaranteed Additions: Accrue throughout the premium-paying term
- High Sum Assured Rebate: Attractive rebates for higher sum assured
- Rider Options: Enhance coverage with additional riders
- Loan Facility: Access to policy loans for financial emergencies
How Does LIC Jeevan Utsav Work?
Let’s break down the policy structure:
Premium Payment Term
You can choose to pay premiums for a period ranging from 5 to 16 years. This flexibility allows you to align the policy with your financial planning.
Sum Assured
The minimum basic sum assured is ₹5,00,000, with no upper limit (subject to underwriting). The sum assured must be in multiples of ₹25,000 for amounts up to ₹24,00,000, and in multiples of ₹1,00,000 for higher amounts.
Benefit Options
- Regular Income Benefit:
- Receive 10% of the basic sum assured annually
- Payments start from the 11th to 19th policy year, depending on your chosen premium payment term
- Flexi Income Benefit:
- Eligible for 10% of the basic sum assured annually
- Option to defer and accumulate benefits
- Interest of 5.5% p.a. on accumulated benefits
- Withdraw up to 75% of accumulated benefits once a year
Guaranteed Additions
Your policy accrues guaranteed additions at the rate of ₹40 per thousand basic sum assured at the end of each policy year during the premium-paying term.
Sample Premium Illustration
Here’s an example to help you understand the premium structure:
| Age at Entry | Premium Paying Term | Basic Sum Assured | Yearly Premium |
|---|---|---|---|
| 30 years | 10 years | ₹10,00,000 | ₹1,10,150 |
| 50 years | 12 years | ₹10,00,000 | ₹86,850 |
Note: Premiums are exclusive of taxes and subject to change based on underwriting.
Why Choose LIC Jeevan Utsav?
- Lifelong Protection: Ensures your family’s financial security throughout your lifetime
- Flexible Income Options: Choose between regular income or flexible accumulation
- Tax Benefits: Eligible for tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961
- Guaranteed Returns: Know exactly what you’ll receive with guaranteed additions
- Customizable: Add riders to enhance your coverage as per your needs
How to Buy LIC Jeevan Utsav
As your dedicated LIC agent in Kolkata, I’m here to make the process smooth and hassle-free. Here’s how we can get started:
- Consultation: Let’s discuss your financial goals and family needs
- Customization: I’ll help you choose the right sum assured and premium payment term
- Documentation: We’ll complete the necessary paperwork together
- Medical Check-up: If required, I’ll arrange for a convenient medical examination
- Policy Issuance: Once approved, you’ll receive your policy document
“Choosing the right insurance plan is like choosing a life partner – it needs careful consideration and expert guidance.” – Somenath Naskar
As your trusted LIC agent in Kolkata, I’m here to guide you through every step of securing your family’s future with LIC Jeevan Utsav. Don’t leave your financial security to chance – let’s work together to create a solid foundation for your loved ones.
Ready to take the next step? Call me, Somenath Naskar, at 7980031260, and let’s craft the perfect LIC Jeevan Utsav plan for you and your family!
Description: Explore LIC Jeevan Utsav with Kolkata’s top LIC agent. Learn about lifelong protection, income benefits, and secure your family’s future.
FAQs About LIC Jeevan Utsav
Can I change my benefit option after purchasing the policy?
Yes, you can change your option up to six months before the first income benefit is due.
What happens if I stop paying premiums?
If you’ve paid premiums for at least two years, the policy will continue as a paid-up policy with reduced benefits.
Can I surrender the policy?
Yes, you can surrender the policy after paying premiums for two full years. You’ll receive the higher of the Guaranteed Surrender Value or Special Surrender Value.
Are there any tax benefits?
Yes, premiums paid are eligible for tax deduction under Section 80C, and benefits received are tax-free under Section 10(10D) of the Income Tax Act, 1961.
Can I take a loan against this policy?
Yes, you can avail a loan after the policy acquires a surrender value, subject to terms and conditions.
Explore Various LIC Plans and Policies
