Secure Your Future With LIC’s Jeevan Utsav Guaranteed Return Plan

Life Insurance Corporation of India (LIC) announced a new conventional insurance plan named Jeevan Utsav Plan 871 on November 29, 2023. This plan is intended to assist those seeking a safe and predictable financial future with a combination of insurance, savings, and pension advantages. In contrast to market-linked plans, Jeevan Utsav Plan 871 provides assured returns, protecting policyholders from market swings.

The Jeevan Utsav Plan from LIC is a comprehensive insurance plan that provides assured returns as well as long-term financial protection. It’s a non-linked, non-participating individual savings plan that includes entire life insurance.

The plan’s restricted premium structure lets policyholders pay premiums for a certain period of time, while guaranteed additions ensure that the policy value grows consistently throughout the premium-paying period.


The LIC Jeevan Utsav insurance protects the family of a dead policyholder at any time before maturity. The key advantage of this plan is that it allows for restricted premium payments. Whole life policy premium payment lengths range from 5 to 16 years.

At the start of the policy, the proposer must pick between the two possibilities listed below. The advantages will differ depending on the choice selected.

  • Regular Income Benefit: This requires paying 10% of the base sum insured after each policy year for three to six years following the deferral term.
  • Flexi Income Advantage: Policyholders can select the Flexi Income Benefit, which allows 10% of the base sum insured to be accumulated and withdrawn later, according to the terms and conditions of the policy. The LIC will pay interest on these Deferred Flexi Income payments at a rate of 5.5% per year, compounded annually.

Key Features

  • Guaranteed lifetime income from the age of 18 until the age of 100.
  • You can select between a regular income benefit and a flexi income benefit.
  • All benefits will be assured from the start of the insurance.
  • Guaranteed additions at the rate of Rs. 40 per thousand amount assured for the duration of the premium-paying period.
  • Option to delay and accumulate income at an excellent annual investment rate of Rs 5.5% compounded annually.
  • Six months before the distribution of benefits, you can modify the kind of income benefit.
  • Only premium payment terms ranging from 5 to 16 years are available.
  • A 90-day kid to a 65-year-old individual can be covered by this policy.

How Do I Purchase a LIC Jeevan Utsav Plan?

The LIC Jeevan Utsav Plan is available for purchase both offline through licensed agents, corporate agents, brokers, and insurance marketing businesses, and online directly through the LIC website

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Stuti Talwar

Expressing my thoughts through my words. While curating any post, blog, or article I'm committed to various details like spelling, grammar, and sentence formation. I always conduct deep research and am adaptable to all niches. Open-minded, ambitious, and have an understanding of various content pillars. Grasp and learn things quickly.

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