LIC Jeevan Utsav Calculator
See your guaranteed yearly income, the year it starts and the guaranteed additions in LIC Jeevan Utsav.
Illustration only, based on the benefit structure in LIC’s plan brochure. It is not an LIC quotation or benefit illustration. Bonuses are not guaranteed and are not included unless stated. Actual benefits depend on policy terms, premiums paid and LIC’s rules – the policy document prevails.
Get official LIC illustration on WhatsAppAbout Jeevan Utsav (Plan 771)
LIC Jeevan Utsav is a non-participating, guaranteed whole life plan. You pay premiums for 5 to 16 years, guaranteed additions of ₹40 per ₹1,000 Basic Sum Assured accrue every year of the premium paying term, and after a waiting period LIC pays 10% of the Basic Sum Assured every year for life (Regular Income option).
The plan is now sold as Plan 771 (UIN 512N363V02). People still search for it as “Jeevan Utsav 871” – Plan 871 was the earlier version. This page keeps that old address so you can still find it.
This calculator shows benefits, not premium. Premium depends on your age, term and LIC’s rate tables – get an exact LIC illustration from us free.
How this calculator works
- Guaranteed additions = ₹40 per ₹1,000 Basic Sum Assured for each year of the premium paying term (4% of Basic Sum Assured a year). They accrue in the policy and are paid with the death benefit.
- Income starts from: the 11th policy year if the premium paying term is 5 to 8 years; for 9 to 16 years, it starts 3 years after the premium paying term (12th year for 9 years … 19th year for 16 years).
- Regular Income = 10% of Basic Sum Assured every year for life.
- Minimum Basic Sum Assured: ₹5 lakh. There is no maturity benefit – the plan pays income for life and a death benefit.
- Not included: premium, taxes, riders, the Flexi Income option’s interest, and what happens if premiums stop.
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