Dream of a lifetime pension? LIC's jeevan utsav can make it happen, learn how

New Delhi (The Uttam Hindu): In today's era of inflation, securing your future and old age financially is a major challenge. If you're looking for a good plan to provide regular income after retirement, the Life Insurance Corporation of India's (LIC) "Jeevan Utsav Plan" could be an excellent option. By investing in this scheme, you can earn a monthly pension of ₹15,000.

This LIC plan is a pension scheme specifically designed to meet future financial needs. Under this plan, investors pay premiums for a period ranging from 5 to 16 years. This policy also provides investors with insurance cover of up to ₹5 lakh.

The minimum age for investing in this scheme is 8 years and the maximum age is 65. This means that people across a wide range of age groups can benefit from this scheme to secure their future.

Another special feature of this scheme is its death benefit. If the investor dies before the policy term, their nominee will receive 105% of the bonus. Investors also have the freedom to choose between 'Regular Income' or 'Flexi Income', depending on their convenience. Overall, this LIC plan can be very beneficial for those looking for a safe and reliable pension policy for their old age.