LIC Jeevan Utsav (Single Premium) (883)
One-time premium, lifelong benefits
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About this plan
A single-premium whole-life plan with a deferment period, after which the policyholder receives a regular income benefit or accumulated flexi income for life.
Eligibility
- Entry age: 90 days to 65 years
- Deferment period: 5 to 16 years
- Minimum sum assured: ₹5,00,000
- Single premium payment
Benefits
- Regular Income Benefit: 10% of SA yearly after deferment, for life
- Alternative: Flexi Income Benefit with accumulation option
- Death benefit: higher of 1.25× premium or 7× SA
Important notes
- GST is charged at 4.5% on first-year premium and 2.25% on renewals; a blended rate is shown here.
- Bonus & FAB values are indicative, based on recently declared rates.
- Grace period of 30 days and free look period of 15 days apply per LIC rules.