LIC Jeevan Utsav Plan 771 Premium and Maturity Calculator

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 Calculator

LIC Jeevan Utsav (Plan 771)

Whole Life Plan with Guaranteed Lifetime Returns & Optional Riders.

Choose 5 to 16 years.
Min: 6, Max: 65 Years
Min: ₹5 Lakh. Multiples: ₹25k (≤24L), ₹1L (>24L)
Choose how you receive survival benefits.
Choose your payment frequency.
Policy year when income begins (after PPT).
AD&D Rider. Age 18+. Extra premium applies.
NTAR – At inception only. Extra premium applies.

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 OptionsRegular 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

FeatureDetails
Plan NameLIC Jeevan Utsav
Plan Number771
TypeNon-linked, Non-participating, Whole Life
Entry Age90 days – 65 years
Policy TermLifetime (till 100 years)
Premium Payment Term5 – 16 years
Income StartAfter PPT ends
Death BenefitSum Assured on Death
RidersAccidental, Disability, Term Rider, Critical Illness
Loan FacilityAvailable

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

PlanTypeIncomeMaturityBest For
Jeevan Utsav 771Whole LifeGuaranteed till 100SA at 100Lifetime income seekers
Jeevan Umang 945Whole Life8% SA annuallySA + BonusPension-style retirement
Bima Ratna 864Money-backPeriodicSA + GAMilestone goals
Dhan Rekha 863Money-backFixed intervalsSA + Loyalty AdditionsFamily 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

Who can buy LIC Jeevan Utsav?

Any Indian citizen aged between 90 days to 65 years.

When does income start?

Right after you finish your premium payment term (5–16 years).

Is the income really guaranteed?

Yes, it’s fixed and backed by LIC’s sovereign guarantee.

Can I take a loan on the policy?

Yes, liquidity through loans is available.

Is the maturity amount taxable?

No, maturity and income payouts are tax-free under Section 10(10D).