What is LIC Jeevan Utsav Plan?
LIC’s Jeevan Utsav Plan is a non-linked, non-participating, individual, savings, whole-life insurance plan that ensures both protection and guaranteed income. It is designed for those who wish to enjoy financial security, guaranteed lifelong income, and peace of mind with risk coverage.
This plan combines insurance + savings + lifelong celebration of benefits, making it one of the best choices for individuals and families seeking long-term stability.
Key Features of LIC Jeevan Utsav Plan – LIC best Plan
- ✅ Lifetime Risk Cover – Provides financial security to your family throughout life.
- ✅ Guaranteed Income – Regular income for life after premium payment term.
- ✅ Flexible Premium Options – Choose from limited premium payment terms.
- ✅ Whole Life Coverage – Protection up to 100 years of age.
- ✅ Tax Benefits – Premiums eligible for deductions under Section 80C, and maturity/survival benefits under Section 10(10D).
- ✅ Loan Facility – Option to avail loan against the policy.
Benefits of LIC Jeevan Utsav Plan
🎯 Guaranteed Income for Life
After completion of the premium payment term, you receive regular guaranteed income throughout your lifetime.
🎯 Financial Security for Family
In case of unfortunate demise, the policy ensures lifetime financial protection for your loved ones.
🎯 Wealth Creation & Liquidity
Enjoy wealth accumulation with guaranteed payouts and access to liquidity via policy loan.
🎯 Lifetime Coverage
Risk cover continues up to 100 years of age, making it a truly lifelong plan.
Eligibility & Policy Terms
- Minimum Age at Entry: 90 days
- Maximum Age at Entry: 65 years
- Policy Term: Whole Life (up to 100 years)
- Premium Payment Term Options: 5, 10, 15, or 20 years (flexible)
- Guaranteed Income Start: After completion of Premium Payment Term
Why Choose LIC Jeevan Utsav for Your Future?
- Trusted brand with over 60 years of service in insurance.
- Guaranteed income for life ensures financial independence.
- Lifetime coverage means peace of mind for you and your family.
- Smart choice for long-term wealth creation and tax savings.
How to Buy LIC Jeevan Utsav Plan Online?
- Visit the official LIC website or contact your nearest LIC agent.
- Calculate your premium and benefits using the LIC premium calculator.
- Choose your premium payment term and guaranteed income option.
- Complete the proposal form and submit required documents.
- Pay the premium online/offline and secure your Jeevan Utsav Policy.
FAQs on LIC Jeevan Utsav Plan
Q1. Is the Jeevan Utsav Plan suitable for retirement planning?
Yes, since it provides guaranteed lifetime income, it is an excellent retirement solution.
Q2. Can I take a loan against this plan?
Yes, loan facility is available after acquiring surrender value.
Q3. Does the plan offer tax benefits?
Yes, under Section 80C (premium paid) and Section 10(10D) (benefits received).