What the 10% income in LIC Jeevan Utsav policy implies
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out that if the annual premium is more than 10% of the policy's sum insured, the survival benefits from the policy become taxable.
More of Abhishek's views on insurance
The article examines a new non-linked whole-life savings policy that pays a fixed annual income of 10% of the sum insured. It explains that this is not an annual return on premiums, notes the payout is not inflation-adjusted, covers surrender terms and compares the policy with NPS and fixed deposits.
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What the 10% income in LIC Jeevan Utsav policy implies