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Whole Life PlansPlan 771NRI Eligible

LIC Jeevan Utsav

Guaranteed income for life with increasing benefits

What is LIC Jeevan Utsav?

LIC Jeevan Utsav (Plan 771) is a whole life plans plan from Life Insurance Corporation of India. In simple terms: guaranteed income for life with increasing benefits. You also get survival benefits: guaranteed income starting after premium paying term.

Key Highlights

Guaranteed increasing income every year
No market risk, returns are fixed
Whole life coverage
Flexible premium paying terms

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Higher of 10x annual premium or Sum Assured + guaranteed additions

When the Plan Matures (Maturity Benefit)

Sum Assured + guaranteed additions at age 99

Money You Get During the Plan (Survival Benefit)

Guaranteed income starting after premium paying term

Eligibility & Details

Minimum Entry Age0 years (last birthday)
Maximum Entry Age60 years
Minimum Sum Assured₹1,00,000
Policy TermWhole life (up to 99)
Premium Paying Term10, 15, 20, 25 years
Bonus Typeguaranteed
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age5 years8 years12 years16 years
10 yrs₹1,09,575₹72,600₹44,250₹29,900
30 yrs₹1,10,150₹72,600₹44,275₹30,025
50 yrs₹1,18,625₹72,600₹45,225₹33,475

VERIFIED from official LIC Sales Brochure. Whole life plan, income starts from specified year. ₹5 lakh BSA, offline rates. GA: ₹40 per ₹1,000 BSA. Income benefit: 10% BSA per year. Online rebate: 10%.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 8-year term:

Annual Premium

₹1,45,200

Total Paid (8 yrs)

₹11,61,600

Est. Bonuses

₹3,60,000

Est. Maturity

₹13,60,000

That's approximately 1.2x of what you paid in premiums.

Who is This Plan Best For?

guaranteed incomeretirementsavings

Frequently Asked Questions

What is LIC Jeevan Utsav (Plan 771)?

LIC Jeevan Utsav is a whole life plans plan from Life Insurance Corporation of India. Guaranteed income for life with increasing benefits.

What is the eligibility age for LIC Jeevan Utsav?

Entry age is between 0 and 60 years. Policy term: Whole life (up to 99). Premium paying term: 10 to 25 years.

What is the minimum sum assured for LIC Jeevan Utsav?

Minimum sum assured is ₹1,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Jeevan Utsav?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Jeevan Utsav available for NRIs?

Yes. LIC Jeevan Utsav is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Jeevan Utsav?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

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