LIC LIC's Jeevan Utsav (Regular Income) (Plan No. 871): Full Guide, Eligibility & Premium

LIC's Jeevan Utsav (Regular Income) belongs to LIC's endowment plans family. In one line: guaranteed annual income for life

Eligibility at a glance — entry age 90 days to 65 years; sum assured ₹5,00,000 and above; policy term Whole life, 5 to 16 pay years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Guaranteed annual income of 10% of basic sum assured Guaranteed additions during the premium paying term Whole life cover Flexi income option to accumulate the income Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Buyers looking for a self-funded lifetime income stream. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run LIC's Jeevan Utsav (Regular Income) through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.