LIC

LIC Jeevan Utsav

Popular Life Insurance Plan

Guaranteed Income Today, Lifelong Financial Security Tomorrow.

The essentials

Your plan at a glance

Min. sum assured
500000
Policy term
5–16 years
Entry age
90 Days to 65 Years
Premium payment
Online , Offline

Plan Overview

LIC’s Jeevan Utsav is a Non-Participating, Non-Linked, Individual Savings, Whole Life Insurance Plan designed to provide long-term financial protection along with guaranteed income benefits. The plan combines whole-life insurance protection, guaranteed additions and regular income benefits to help meet long-term financial needs.With flexible Premium Paying Terms ranging from 5 to 16 years, guaranteed additions during the Premium Paying Term, optional riders and a loan facility, Jeevan Utsav is designed for people looking for long-term protection and guaranteed income support.

Lifelong Protection
Guaranteed Income
Guaranteed Additions
Flexible Premium Terms

Features & Benefits

Whole-Life Insurance
Provides long-term life insurance protection.
Regular Income Benefit
Receive 10% of Basic Sum Assured at the end of each applicable policy year.
Loan Facility
Helps meet liquidity requirements, subject to applicable conditions.
Guaranteed Benefits
Benefits under this non-participating plan are guaranteed as per policy terms.

Coverage Details

Parameter Details
Plan Type Non-Participating, Non-Linked, Individual Savings, Whole Life Insurance Plan
Plan Number 771
Minimum Basic Sum Assured 5,00,000
Maximum Basic Sum Assured No Limit, subject to underwriting
Premium Paying Term 5 to 16 Years
Income Options Regular Income Benefit / Flexi Income Benefit
Guaranteed Additions ₹40 per ₹1,000 Basic Sum Assured per year during PPT

Eligibility Criteria

Minimum Entry Age 30 Days
Maximum Entry Age 59 to 65 Years
Premium Payment Modes Yearly, Half-Yearly, Quarterly, Monthly (NACH), Salary Deduction
Minimum Age at First Income Benefit 18 Years completed

Required Documents

Identity Proof
Aadhaar Card
Address Proof
Voter ID
Financial Documents
Income proof if required
Other Documents
Passport size photograph

Frequently Asked Questions

It is a Non-Participating, Non-Linked, Individual Savings, Whole Life Insurance Plan providing guaranteed income and long-term life protection.

You can choose between:

Option I – Regular Income Benefit
Option II – Flexi Income Benefit

It allows the policyholder to defer and accumulate the income benefit instead of receiving it immediately.

Yes. Guaranteed Additions accrue at ₹40 per ₹1,000 Basic Sum Assured during the Premium Paying Term.

The Regular Income Benefit is 10% of the Basic Sum Assured every year from the applicable policy year.
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