Non-Par, Non-Linked, Individual, Savings, Whole Life
The essentials
LIC’s Jeevan Utsav Single Premium is a Non-Participating, Non-Linked, Individual Savings, Whole Life Insurance Plan. It is designed for customers who want to make a single premium payment and receive long-term financial protection along with guaranteed income benefits.
The policyholder can choose between Regular Income Benefit and Flexi Income Benefit. Under the Regular Income option, 10% of the Basic Sum Assured is payable every year from the selected income-start year. Under the Flexi Income option, the same benefit can be accumulated and withdrawn later, with deferred amounts accumulating at 5.5% p.a., compounded yearly, subject to policy conditions.
| Parameter | Details |
|---|---|
| Plan Type | Non-Participating, Non-Linked, Individual Savings, Whole Life Insurance Plan |
| Plan Number | 883 |
| Premium Payment | Single Premium |
| Minimum Basic Sum Assured | 5,00,000 |
| Maximum Basic Sum Assured | No Limit, subject to underwriting |
| Income Options | Regular Income Benefit / Flexi Income Benefit |
Take the first step today. Our IRDAI-certified advisors will guide you through the entire process — from plan selection to policy issuance.