1. Policy Overview & Objectives
LIC Jeevan Utsav is a non-linked, non-participating, individual whole-life income plan that provides 10% guaranteed lifelong annual income after a short premium paying term (5 to 16 years).
2. Key Highlights & Parameters
3. Eligibility Criteria
- Minimum Age at Entry: 90 days (completed).
- Maximum Age at Entry: 65 years.
- Minimum Basic Sum Assured: ₹5,00,000 (No maximum limit).
4. Mandatory Documents Required
LIC application form with medical declaration.
Aadhaar Card, PAN Card, and Address Proof.
Salary slips / ITR for higher sum assured policies.
5. Step-by-Step Application Process
Select PPT & Sum Assured
Choose premium paying term (5-16 years) and minimum ₹5,00,000 Sum Assured.
Choose Benefit Option
Select Option 1 (Regular 10% Annual Payout) or Option 2 (Flexi Income with accumulation at 5.5% interest).
Apply at LIC Branch / Online
Submit documents through licensed LIC agent or direct at licindia.in.
6. Interactive Policy Calculator
Calculate Benefits for LIC Jeevan Utsav
Use our updated 2026 mathematical algorithm with latest rates.
Launch LIC Jeevan Utsav Calculator →7. Frequently Asked Questions (FAQs)
Guaranteed Additions of ₹40 per thousand Sum Assured accrue throughout the premium paying term.
Yes, policy loan is available after 2 full years of premium payment.
Ananya Sharma
Women's Policy & Social Schemes Researcher | Policy Researcher — Women's Welfare & Social Security