Insure

LIC Jeevan Utsav Single Premium Plan from January 12, 2025: Policy offers whole life coverage and savings; check details

LIC new product: LIC has launched a new single premium insurance plan, Jeevan Utsav, starting January 12, 2026. Concurrently, a special campaign from January 1 to March 2, 2026, offers policyholders a chance to revive lapsed non-linked and micro insurance plans with significant late fee concessions, aiming to restore crucial insurance coverage.

What is an unclaimed amount in LIC policy?

According to IRDAI, an unclaimed insurance amount is the money that an insurance company owes to a consumer. This includes any interest that has accrued, but hasn’t been paid because they can’t reach the person. This amount remains unpaid for more than 12 months from when it was supposed to be paid.