An illustration symbolizing financial security and growth, featuring a protective shield and safe alongside upward-growing graphs and trees, representing the benefits of LIC Jeevan Utsav for financial planning.

LIC Jeevan Utsav: Secure Your Financial Future with Comprehensive Life Insurance for 2024 and Beyond


In the ever-evolving world of financial planning, life insurance holds the fort as a non-negotiable pillar, ensuring peace of mind and financial security for families. Among the myriad of options available, LIC’s Jeevan Utsav emerges as a beacon of hope, offering comprehensive coverage combined with attractive benefits. Let’s unravel the layers of this policy and understand why it stands out as a prudent choice in 2024.

LIC Jeevan Utsav: An Overview

LIC’s Jeevan Utsav is not just any life insurance policy; it’s a whole life insurance plan designed to offer financial support to your family in the unfortunate event of your demise while providing survival benefits if you outlive the policy term. This blend of security and benefits, including guaranteed additions and flexible premium-paying terms, makes it a holistic financial planning tool.

Key Features of LIC Jeevan Utsav

  • Lifetime Protection, Limited Premiums: Offers whole life coverage with the convenience of choosing premium payment terms between 5 to 16 years.
  • Income Flexibility: Policyholders can opt for either Regular or Flexi Income Benefits at the inception of the policy.
  • Steady Growth: The policy promises guaranteed additions throughout the premium payment term, ensuring your investment grows consistently.
  • Customizable Coverage: Additional protection can be availed through various riders, tailoring the policy to meet individual needs.

Eligibility Criteria of LIC Jeevan Utsav 871 

Criteria Minimum Maximum
Entry Age 90 Days 65 Years
Premium Ceasing Age 75 Years
Premium Paying Term 5 Years 16 Years
Basic Sum Assured Rs. 5 Lakhs No Limit

Benefits of LIC Jeevan Utsav

  • Death Benefit: Ensures financial support to the nominee with the “Sum Assured on Death” and accrued Guaranteed Additions, no less than 105% of the total premiums paid.
  • Survival Benefits: Offers either a Regular Income Benefit or Flexi Income Benefit, providing a steady income post-survival.
  • Guaranteed Additions: Enhances the policy’s value with guaranteed additions at a fixed rate, contributing to the policy’s growth during the premium-paying term.

Enhanced Protection with Riders

Opt for additional coverage through various riders like the LIC Accidental Death and Disability Rider Benefit and others for a comprehensive safety net.

Policy Details for Peace of Mind

  • Grace and Free-Look Periods: LIC ensures flexibility with grace and free-look periods, allowing for a reconsideration window or time to pay premiums without risking policy lapse.
  • Policy Surrender and Loan Facility: Provides options for policy surrender after two years of premium payments and a loan facility for financial emergencies, ensuring liquidity when needed.

With Techmin Consulting, you can find the LIC policy that best suits your financial goals and provides the security your loved ones deserve. Explore your options with us and ensure your family’s well-being.


As we delve into the intricacies of financial planning, the significance of life insurance, particularly LIC’s Jeevan Utsav, cannot be overstated. It’s a testament to LIC’s commitment to providing financial security and flexibility to its policyholders. Whether it’s the comprehensive coverage, the survival benefits, or the added layer of protection through riders, Jeevan Utsav stands as a solid foundation for your financial future.


  • How do the Survival Benefits work in LIC Jeevan Utsav?
    • Survival benefits come in two forms: Regular Income Benefit and Flexi Income Benefit, offering a 10% payout of the Basic Sum Assured annually, ensuring a steady income flow.
  • How flexible is the premium payment term for LIC Jeevan Utsav-871?
    • The policy offers a range of premium payment terms from 5 to 16 years, providing flexibility to cater to diverse financial planning needs.
  • Can I enhance my coverage with LIC Jeevan Utsav?
    • Yes, through the addition of riders, policyholders can enhance their coverage, tailoring the policy to fit their unique needs and providing peace of mind with extra protection layers.
  • What happens in the unfortunate event of the policyholder’s demise?
    • The Death Benefit, including the “Sum Assured on Death” and accrued Guaranteed Additions, is paid to the nominee, ensuring financial support.
  • Is there a grace period for premium payments in LIC Jeevan Utsav-871?
    • Yes, a grace period of 15-30 days is provided, offering a buffer for premium payments and ensuring the policy remains in force despite temporary financial hiccups.

Filing your ITR on time allows you to opt for the old regime, as the new regime is the default option. If you’re looking to file your income tax return seamlessly and efficiently, Techmin Consulting provides a straightforward and reliable service. Begin your tax filing process with us.

Incorporating LIC Jeevan Utsav into your financial plan is not just about ensuring financial security for your loved ones; it’s about creating a legacy and achieving long-term financial goals. With its comprehensive coverage, flexible options, and growth potential, LIC Jeevan Utsav is a cornerstone policy for those seeking to build a robust financial foundation.

As we navigate life’s uncertainties, having a solid financial plan in place provides not just security but also peace of mind. Life insurance, particularly a well-rounded policy like LIC Jeevan Utsav, is pivotal in this planning process. By understanding its features, aligning it with your financial objectives, and leveraging professional advice, you can make an informed decision that ensures financial well-being for you and your family, today and in the future.

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