Life Insurance Corporation of India has announced the launch of its new 'Jeevan Utsav' Single Premium insurance product, set to be available from January 12. The state-owned insurer filed disclosures under Regulation 30 of the SEBI Listing Regulations, informing stock exchanges about this customer-focused initiative designed for the domestic market with lifelong financial protection and guaranteed benefits.

Product Overview and Structure

The Jeevan Utsav Single Premium is a comprehensive whole life insurance plan that combines protection with savings benefits. As a non-participating and non-linked plan, it offers guaranteed returns that are not tied to stock market performance, providing financial certainty to policyholders.

Key Features and Benefits

The single premium structure allows customers to pay the entire premium upfront and receive lifelong coverage. Since it is a non-linked plan, returns are guaranteed and fixed, providing stability regardless of market fluctuations. The non-participating nature means no bonus is added, with beneficiaries receiving the sum assured and any other guaranteed benefits stated in the policy.

The product is designed to provide financial support to families in case of the unfortunate death of the life assured, while also offering survival benefits for the policyholder. This mirrors the structure of LIC's existing Jeevan Utsav plan with multiple premiums, which focuses on providing "financial support to families in case of unfortunate death of Life Assured and survival benefits in the form of Regular Income Benefit or Flexi Income Benefit."

Special Revival Campaign

Alongside the product launch, LIC has introduced a pan-India revival campaign for policyholders whose individual insurance policies have lapsed. Running till March 2, this campaign offers significant financial concessions to help customers restore their coverage.

Regulatory Compliance and Availability

Both announcements were made through proper regulatory channels, with notifications sent to BSE Limited and the National Stock Exchange of India. The disclosures ensure transparency for stakeholders and investors while maintaining corporate governance standards. Complete product information and campaign details are available on the corporation's official website at www.licindia.in for easy access by potential customers and existing policyholders.

LIC of India has announced the re-designation of Smt. Neelam Kujur as Principal of Zonal Training Centre, Jamshedpur, effective January 05, 2026. The appointment was disclosed to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as her new position qualifies her as Senior Management Personnel.

Re-designation Details

The corporate filing reveals key aspects of the leadership change:

Professional Background

Smt. Neelam Kujur brings substantial experience to her new role, having joined Life Insurance Corporation of India in 1993. Her educational credentials include graduation from St. Xavier College Ranchi and a Post Graduate Diploma in Personnel Management from Xavier Institute of Social Service, Ranchi.

Her career spanning over three decades has encompassed diverse responsibilities across various offices within the East Central Zone. She has demonstrated expertise in multiple operational areas:

• Health Insurance operations
• Office Service management
• Customer Relationship Management
• Policy Servicing Department operations

Prior to her current appointment, she served in-charge roles at the Hazaribagh Division under East Central Zone, gaining comprehensive exposure to different facets of insurance operations.

Regulatory Compliance

The announcement fulfills mandatory disclosure requirements under SEBI regulations for changes in Senior Management Personnel. Life Insurance Corporation of India has informed both BSE Limited and National Stock Exchange of India about this organizational change, ensuring transparency for stakeholders and regulatory compliance.

The re-designation reflects the company's internal talent development and succession planning initiatives, promoting experienced personnel to leadership positions within its training infrastructure.