LIC Launches 'Jeevan Utsav' Policy for Lifelong Income

LIC has created a new insurance plan called Jeevan Utsav.

It's like a savings plan that gives you money every year for the rest of your life, even after you stop working.

You pay for the plan for a set amount of time, like 5 to 16 years.

After a while, you start getting money every year – 10% of what you were insured for.

For example, if you choose a Rs 5 lakh plan, you'd get Rs 50,000 every year.

If you don't need the money right away, it can grow with interest.

If something happens to you, your family gets the money that was insured.

It aims to provide a stable income without the risks of the stock market.