LIC Jeevan Utsav (Plan No. 771)
Guaranteed whole life plan – lifelong income of 10% of sum assured every year.
LIC’s Jeevan Utsav (Plan 771) is a non-participating, guaranteed whole life plan. After the premium paying term and a short waiting period, it pays income every year for life, along with whole life cover. There is also a single premium version (Plan 883).
| Plan name | LIC Jeevan Utsav |
|---|---|
| Plan number | 771 |
| UIN | 512N363V02 |
| Category | Whole Life & Income Plans |
How LIC Jeevan Utsav works
- Pay premiums for a limited period of your choice.
- Guaranteed additions accrue during the premium paying term.
- Income starts after the deferment period: Regular Income (10% of basic sum assured every year) or Flexi Income (you can leave it with LIC to accumulate with interest).
- On death, the death benefit plus guaranteed additions is paid to the nominee.
Who should buy this plan?
- People who want guaranteed lifelong income
- Retirement planning with certainty
- Families who prefer guaranteed over bonus-based returns
Important points before you buy
- Being non-participating, there are no bonuses – benefits are guaranteed.
- Single premium version is available as Plan 883.
Get your exact premium & maturity illustration: premium depends on your age, sum assured, term and health. WhatsApp your date of birth and required cover to +91 75085 67891 and get an official LIC illustration free.
Why buy LIC Jeevan Utsav through Vedpal Singh?
- 20+ years of experience with LIC in the Chandigarh tri-city; Development Officer at LIC’s Manimajra branch.
- Honest comparison of plans – we suggest what fits your goal and budget, including term cover where needed.
- Doorstep service for proposal, KYC and medicals in Chandigarh, Mohali, Panchkula and Zirakpur.
- Lifetime after-sales help: premium reminders, loans, nominee change, revival and claim support for your family.
Frequently asked questions
Yes, the income of 10% of the basic sum assured is guaranteed as per the policy terms.
Call or WhatsApp Vedpal Singh on +91 75085 67891. We explain the plan, prepare a benefit illustration for your age, complete the proposal form and documents, and help with medicals if needed – at your home or office in Chandigarh, Mohali, Panchkula or Zirakpur.
Usually Aadhaar, PAN, a photograph, address proof, income proof (for higher cover), bank details for premium/maturity and nominee details. Exact requirements depend on the plan and sum assured.
Premiums may qualify for deduction under Section 80C (old tax regime), and maturity/death benefits may be exempt under Section 10(10D), subject to conditions and limits under prevailing tax laws. Please confirm with your tax advisor.
Source: plan details summarised from LIC’s official plan list and brochures on licindia.in. Features, eligibility and rates may change – the latest LIC sales brochure prevails.
Related LIC plans
Whole Life & Income Plans
LIC Jeevan Umang
Whole life plan – yearly income of 8% of sum assured after premiums end, cover till age 100.
Get LIC Jeevan Utsav Quote
Apni details bhejiye – Vedpal Singh aapko call karke sahi plan batayenge.