Plan 871LIC's Jeevan Utsav
Whole life cover with guaranteed additions
- 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
LIC's Jeevan Umang
Annual survival income up to age 100
Pays 8% of the basic sum assured every year from the end of the premium paying term until age 100, and a lump sum with bonuses at maturity or on death.
Who it suits: Buyers who want a pension-like income without giving up life cover.
- Whole Life
- Annual survival income up to age 100
- Maturity Benefit
LIC plan reference: 945
Eligibility at a glance
- Entry age
- 90 days to 55 years
- Maturity age
- Up to 75 years (plan dependent)
- Sum assured
- ₹2,00,000 and above
- Policy term
- Cover to age 100
- Premium modes
- Yearly, half-yearly, quarterly, monthly (NACH) and salary savings scheme
Key benefits
- 8% of basic sum assured paid every year for life
- Cover continues to age 100
- Maturity payout with bonuses at age 100
- Premium paying terms of 15, 20, 25 or 30 years
Estimate your LIC's Jeevan Umang premium and maturity value
LIC Premium & Maturity Calculator
Estimates from publicly published LIC rate tables. Not a quotation.
- Yearly premium
- ₹68,000
- First instalment
- ₹68,000
- Renewal instalment
- ₹68,000
- Total outgo over the term
- ₹13,60,000
- Estimated maturity value
- ₹20,20,000
- Indicative surrender value (mid-term)
- ₹2,55,000
Figures exclude underwriting loading and high sum assured rebates. Bonus-linked maturity values are projections, not guarantees.
Want an exact LIC illustration?
Your estimate is ready. For an official quotation and a suitability discussion on LIC's Jeevan Umang:
This plan may not be ideal if…
- You need the maximum possible life cover for the lowest premium — a term assurance plan does that better.
- You may need the money back within the first few years; early surrender values are low.
- You expect market-linked returns; participating LIC returns are steadier but more modest.
- Your income is irregular and you cannot commit to the full premium paying term.
Frequently asked questions
Get advice on LIC's Jeevan Umang
Send your age and budget and you will get an official LIC quotation plus an honest view on whether this plan is the right fit.
5th Floor, Jeevan Prakash Building, Sir P.M. Road, Fort, Mumbai - 400001, Maharashtra · Mon–Fri, 10:00 AM – 6:00 PM · IRDAI Agent Licence No. LIC03699923
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This page describes LIC's Jeevan Umang in our own words, based on LIC's published product literature. For the binding terms, always refer to the official policy document issued by Life Insurance Corporation of India.