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Plan No. 871Whole Life
LIC's Jeevan Utsav
"Celebrate life with lifelong guaranteed returns."
A non-linked, non-participating, individual, savings, whole life insurance plan providing guaranteed 10% income starting after premium payment.
Key Features
- ✓Guaranteed 10% of Sum Assured every year after PPT.
- ✓Whole life cover up to 100 years of age.
Eligibility Criteria
Minimum Age90 Days
Maximum Age65 Years
Minimum Term5 to 16 Years (PPT)
Maximum TermUp to Age 100
Min Sum Assured₹ 5,00,000
Max Sum AssuredNo Limit
Plan Benefits
Death Benefit
Basic Sum Assured on Death.
Survival Benefit
10% of Basic Sum Assured annually.
Maturity Benefit
N/A
Real-World Example
Profile35-Year-Old Male
Sum Assured₹ 10,00,000
Term DetailsWhole Life (Premium Paying Term: 10 Years)
Annual Premium₹ 1,15,000 / Year
Expected Returns₹ 1,00,000 Every Year for Life
How it Works
He pays premiums for only 10 years. From the 11th year onwards, he receives a GUARANTEED payout of ₹ 1,00,000 every year for the rest of his life. Even after his passing, his family receives the death benefit.