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News India Live, Digital Desk: When it comes to money security and trust, the first name that comes to the mind of Indian families is LIC (Life Insurance Corporation of India). We all want that our money is not only safe, but we also get a regular income till old age. If you also want to stay away from the risk of share market and like ‘guarantee’, then LIC’s new “Jeevan Utsav Policy” (LIC Jeevan Utsav – Plan 871) can prove to be a game changer for you. This policy has become a topic of discussion as soon as it came in the market. Let us understand in simple language what is so special in this plan that makes it different and better than other policies. 1. Guaranteed Whole Life Income: The biggest feature of this policy is its “Life Time Coverage”. Generally, insurance policies last till the age of 60-70 years, but ‘Jeevan Utsav’ gives you cover till 100 years. The interesting thing is that from a few years after the end of the premium paying period, you start getting 10% of the sum assured back every year, and this continues for life. Understand from the example: Suppose you have taken a sum assured of Rs 5 lakh. After completion of premium paying time, LIC will give you Rs 50,000 every year. And this amount will continue to be received throughout life!2. Who can take this policy?LIC has designed this plan for everyone.Children: This policy can be taken in the name of a child aged 90 days (3 months) too (a great gift for parents).Elderly: Anyone up to 65 years of age can invest in it.3. Flexibility in paying premium: You do not have to pay money for your entire life. You can choose the ‘Premium Paying Term’ as per your convenience ranging from 5 years to 16 years. The fewer years the term is chosen, the sooner the returns will start.4. Loan & Death Benefit: God forbid, if any untoward incident happens to the policyholder, the family (nominee) gets the ‘Sum Assured’ + accumulated bonuses. Apart from this, if there is a dire need of money in between, you can also take a loan against this policy.