Are you looking for a lifetime income guarantee and insurance that will last until you are 100 years old?
For Indians seeking risk-free returns, tax advantages, and lifetime financial security, LIC offers the Jeevan Utsav Plan (771, UIN: 512N363V01), a non-linked, whole-life plan.
LIC Jeevan Utsav (Plan 771)
Whole Life Plan with Guaranteed Lifetime Returns & Optional Riders.
Why Choose LIC Jeevan Utsav?
- Life Cover till 100 years – protection for your loved ones.
- Guaranteed Lifetime Income – starts immediately after premium term.
- Flexible Payout Options – Regular Income or Flexi Income (accumulate & withdraw later with interest).
- Liquidity – take loans against policy in emergencies.
- Tax Benefits – under Sec 80C & 10(10D).
- Trusted by Millions – LIC is India’s most trusted insurance brand.
Key Features at a Glance
| Feature | Details |
|---|---|
| Plan Name | LIC Jeevan Utsav |
| Plan Number | 771 |
| Type | Non-linked, Non-participating, Whole Life |
| Entry Age | 90 days – 65 years |
| Policy Term | Lifetime (till 100 years) |
| Premium Payment Term | 5 – 16 years |
| Income Start | After PPT ends |
| Death Benefit | Sum Assured on Death |
| Riders | Accidental, Disability, Term Rider, Critical Illness |
| Loan Facility | Available |
Real-World Example
Case Study – Rajesh (Age 35, SA ₹20 lakh, PPT 12 years)
- Premium Payment: ₹1,50,000 annually for 12 years (total ₹18 lakh).
- From Age 47 onwards: Guaranteed ₹1.6 lakh annually till age 100.
- At Age 100: ₹20 lakh maturity payout.
Total Benefits = ₹85+ lakh against ₹18 lakh investment.
That’s risk-free, tax-free income for life!
Who Should Invest?
- Professionals & Business Owners – Build a tax-free pension.
- Parents – Secure child’s higher education & future.
- Retirees – Steady income after retirement without market risks.
- Family-focused Investors – Create wealth & legacy for heirs.
Expert Opinions
“Jeevan Utsav is ideal for Indians seeking lifetime guaranteed income without worrying about stock market risks.” – Insurance Advisors
“Flexi Income option is a game-changer – policyholders can accumulate income and withdraw later with interest.” – Financial Experts
“With ~5.5–6.5% IRR, Jeevan Utsav is a strong conservative investment – tax-free, risk-free, and lifelong.” – Market Analysts
Comparison with Other LIC Plans
| Plan | Type | Income | Maturity | Best For |
|---|---|---|---|---|
| Jeevan Utsav 771 | Whole Life | Guaranteed till 100 | SA at 100 | Lifetime income seekers |
| Jeevan Umang 945 | Whole Life | 8% SA annually | SA + Bonus | Pension-style retirement |
| Bima Ratna 864 | Money-back | Periodic | SA + GA | Milestone goals |
| Dhan Rekha 863 | Money-back | Fixed intervals | SA + Loyalty Additions | Family milestones |
Benefits at a Glance
- Lifetime guaranteed income (till 100 years)
- Two payout options – Regular or Flexi Income
- Whole life cover for your family
- Tax-free income and maturity benefits
- Policy loan option for emergencies
Premiums may feel higher for large cover
Returns moderate compared to equity/mutual funds
FAQs
Any Indian citizen aged between 90 days to 65 years.
Right after you finish your premium payment term (5–16 years).
Yes, it’s fixed and backed by LIC’s sovereign guarantee.
Yes, liquidity through loans is available.
No, maturity and income payouts are tax-free under Section 10(10D).