LIC New Year Gift: India’s largest life insurance company, Life Insurance Corporation of India (LIC), has started the new year with significant new offerings and support for policyholders. These moves are being hailed in the market and financial media as LIC’s New Year’s gift to its customers and investors.
LIC New Year Gift: Launching of Jeevan Utsav Single Premium Plan
LIC has officially launched (LIC New Year Gift) a brand new insurance product called the “LIC Jeevan Utsav Single Premium” plan. This product was announced at the beginning of the year and will be available for sale from January 12, 2026.
- Jeevan Utsav Single Premium Plan is a single-premium life insurance policy – meaning you only pay the premium once and receive life coverage.
- Policyholders receive guaranteed additional benefits and have the option of receiving a steady income for life.
Who can buy it?
Individuals aged 30 days to 65 years can purchase Jeevan Utsav Single Premium Plan with a minimum sum assured of ₹5 lakh, with no fixed upper limit as per LIC’s underwriting rules.
Jeevan Utsav Single Premium Plan is being positioned as a long-term, secure financial option that combines insurance protection with income benefits – a valuable option for middle-class savers and retirees seeking stability.
LIC New Year Gift: Special Policy Revival Campaign
Along with the new plan, there is another LIC New Year Gift for investors. The company has launched a special campaign to help customers whose policies have lapsed (become inactive due to non-payment of premiums). Under this New Year’s initiative:
- Policyholders can revive their lapsed policies with a waiver on late fees.
- The waiver is determined based on the size of the premium, and LIC has completely waived late fees on micro-insurance plans in some cases.
- This revival campaign aims to bring back the many policyholders who have inadvertently let their policies lapse, giving them a second chance to continue their financial security.
What LIC officials are saying
LIC management describes these initiatives as part of its ongoing efforts to strengthen customer trust across India and enhance financial security for families. While the corporation doesn’t officially call them “gifts,” financial media and advisors are referring to these measures as New Year’s benefits or gifts because they are being introduced at the beginning of 2026 and are intended to provide tangible benefits to policyholders.
Why it matters
These steps come at a time when the insurance sector is rapidly evolving, and customers are seeking better returns, flexibility, and security in their financial products. LIC’s new plans and revival campaign are expected to make the company’s products more attractive to both new and existing policyholders.
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