LIC Launches 'Jeevan Utsav' Single-Premium Plan Jan 12; Revival Campaign On

Life Insurance Corporation of India | The Securities and Exchange Board of India (SEBI) has approved the reclassification of Life Insurance Corporation of India (LIC) as a public shareholder in IDBI Bank, following the government’s ongoing strategic divestment process. Sources tell CNBC-TV18, that LIC will continue with its bancassurance.

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CNBC TV18•06-01-2026, 07:57

LIC Launches 'Jeevan Utsav' Single-Premium Plan Jan 12; Revival Campaign On

•LIC will launch 'Jeevan Utsav' Single Premium plan on January 12, a non-participating, non-linked, individual savings and whole life insurance plan.
•The plan targets retail customers across India, offering insurance protection and savings with whole life coverage.
•Policyholders pay the premium upfront, with benefits structured over the long term, expanding LIC's product portfolio.
•LIC also announced a special revival campaign for lapsed policies until March 2, offering financial concessions.
•Concessions include up to 30% or ₹5,000 off late fees for non-linked policies and a full waiver for micro insurance plans.

Why It Matters: LIC introduces 'Jeevan Utsav' single-premium plan and a revival campaign for lapsed policies.

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