LIC Jeevan Utsav – Plan No. 771
An independent, plain-language look at LIC Jeevan Utsav (Plan No. 771, UIN 512N363V02) — what it offers, who it may suit, and what to check before buying.
Currently Available Whole Life Plan UIN: 512N363V02
What Is LIC Jeevan Utsav?
LIC's Jeevan Utsav is a non-linked, participating whole life plan offering a guaranteed income benefit that begins a set period after the premium-paying term ends, continuing for life, along with a death benefit for the nominee. LIC has also offered a single-premium variant of this plan (Jeevan Utsav Single Premium, Plan 883).
Key Features
- Guaranteed income benefit starts after a deferment period following the premium-paying term
- Income continues for the life assured's whole life once it begins
- Death benefit payable to the nominee if the life assured dies during the policy
- Regular-premium and single-premium variants have both been offered by LIC
Who May Consider This Plan
- Customers who want a whole-life plan structured around a guaranteed future income stream
- Those planning ahead for a supplementary income in later years alongside other retirement savings
Important Considerations
The specific deferment period and guaranteed income rate depend on the option and premium-paying term chosen — these should be confirmed for your exact age and goal before deciding between Jeevan Utsav and alternatives like Jeevan Umang.
Example Scenario
Illustrative only: A customer in their late 30s or 40s could choose a premium-paying term after which a guaranteed annual income begins, continuing for life, alongside life cover throughout the policy.
LIC Jeevan Utsav FAQs
Both are whole life plans with income-style benefits, but their income structures, deferment periods and premium options differ. S. Kulkarni can compare both against your specific age and goal.
Yes, LIC has also offered Jeevan Utsav Single Premium (Plan 883) as a one-time payment variant — ask for a comparison if a lump-sum payment suits you better.
Discuss LIC Jeevan Utsav With S. Kulkarni
Get a personalised illustration and understand how this plan compares with alternatives for your goal.