LIC Jeevan Utsav (Plan No. 771) is a modern, non-linked, non-participating guaranteed income life insurance plan that combines lifelong financial security, predictable income, and strong insurance protection. Designed to suit individuals across different age groups, this plan is ideal for those who want certainty, stability, and long-term financial peace without exposure to market risk.
In an era where market volatility, inflation, and uncertain retirement income create financial stress, Jeevan Utsav offers a refreshing alternative — guaranteed benefits known from day one. Whether your goal is retirement income, supplementary lifelong earnings, wealth preservation, or family security, Jeevan Utsav provides a structured and dependable solution backed by LIC’s unmatched trust.
Jeevan Utsav stands apart from traditional endowment and bonus-based plans because it offers guaranteed income benefits instead of uncertain bonuses. Since the plan is non-participating, policyholders are not dependent on LIC’s future bonus declarations. All income benefits are fixed and predictable.
This makes Jeevan Utsav particularly attractive for risk-averse individuals, retirees, salaried professionals, and families seeking financial certainty.
Jeevan Utsav offers two benefit structures, allowing policyholders to choose the one that best suits their financial lifestyle.
✔ Regular Income Benefit:
Under this option, guaranteed income is paid at fixed intervals after the
premium payment term ends. This income can be used for day-to-day expenses,
medical costs, retirement needs, or lifestyle maintenance.
✔ Flexi Income Benefit:
In this option, guaranteed income is accumulated instead of being paid
immediately. The policyholder can withdraw the accumulated income
partially or fully at any time, offering greater flexibility and control.
✔ Guaranteed & Predictable Returns: Income and benefits are known upfront.
✔ Ideal Retirement Income: Ensures steady income when active earnings stop.
✔ Strong Family Protection: Death benefit ensures dependents remain financially secure.
✔ Flexible Financial Planning: Choose income mode as per lifestyle and needs.
✔ No Market Exposure: Perfect for conservative investors.
The policyholder selects a Sum Assured, premium payment term, and income option. Premiums are paid as per the chosen structure. After the premium payment term ends, guaranteed income begins either as regular payouts or as accumulated income.
In case of death during the policy term, the nominee receives the death benefit, ensuring financial continuity for the family.
Example – Regular Income Option
Total Premium Paid:
₹50,000 × 20 years = ₹10,00,000
Guaranteed Annual Income:
₹1,00,000 per year (illustrative)
Income starts after premium term and continues for life.
Total Lifetime Income (Approx):
₹30,00,000 – ₹35,00,000
Death Benefit:
Lump sum payable to nominee ensuring family protection.
Figures are indicative and depend on age, Sum Assured, and policy structure.
✔ Individuals planning guaranteed retirement income
✔ Risk-averse investors preferring stable returns
✔ Families seeking lifelong financial security
✔ Professionals looking for tax-efficient income plans
LIC Jeevan Utsav – 771 is a thoughtfully crafted guaranteed income plan that delivers financial stability, lifelong protection, and predictable returns. Its non-linked structure, flexible income options, and strong insurance cover make it one of LIC’s most reliable long-term financial solutions.
For individuals who want a risk-free, disciplined, and future-ready income plan that supports life goals, retirement needs, and family security, Jeevan Utsav stands out as an excellent and dependable choice.