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

LIC's Jeevan Utsav belongs to LIC's whole life plans family. In one line: whole life cover with guaranteed additions

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

What the plan actually gives you: Guaranteed additions of ₹40 per ₹1,000 sum assured per year Regular income or flexi income option Whole life protection Loan facility after the first policy year 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: Long-horizon buyers who want lifelong cover and lifelong income. 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 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.