LIC Jeevan Utsav (771) — Premium, Benefits & Calculator
LIC Jeevan Utsav (771) is a guaranteed whole-life income plan: earn Guaranteed Additions while you pay, then a lifelong regular income, with cover for life. Check your premium below.
Calculate my premium →About LIC Jeevan Utsav (771)
LIC Jeevan Utsav is a non-participating, non-linked whole-life plan. During the premium-paying term (5 to 16 years) the policy earns a Guaranteed Addition of ₹40 per ₹1,000 of Basic Sum Assured each year. After the paying term, it provides a regular income benefit for life, and the life cover continues for the whole of life.
It suits people who want guaranteed, predictable lifelong income after a relatively short paying period, plus a legacy for the family.
Key details at a glance
| Plan type | Whole-Life Guaranteed Income |
| Entry age | 0 to 65 years |
| Cover | Whole life |
| Premium-paying term | 5 / 6 / 7 / 8 / 9 / 10 / 11 / 12 / 13 / 14 / 15 / 16 years |
| Minimum sum assured | ₹ 5,00,000 |
| GST on premium | Nil (exempt from 22 Sep 2025) |
Benefits
- Guaranteed Additions: ₹40 per ₹1,000 Basic Sum Assured accrue every year during the premium-paying term.
- Lifelong regular income after the paying term (Regular Income Benefit), with a flexi option to defer and accumulate.
- Whole-life cover — the death benefit is payable whenever death occurs.
- Short paying period: choose a premium term from 5 to 16 years.
How much is the premium?
The premium depends on your age, the term or paying period you choose, and the sum assured. The figures here come from LIC’s own official rate tables, so they match LIC’s quotation to the rupee.
Frequently asked questions
How does Jeevan Utsav pay income?
After your premium-paying term, it pays a guaranteed regular income for life; a flexi option lets you defer and accumulate the income instead.
What are Guaranteed Additions?
₹40 for every ₹1,000 of Basic Sum Assured added each year during the premium-paying term.
What is the minimum sum assured and paying term?
Minimum Basic Sum Assured ₹5,00,000; premium-paying term 5 to 16 years.
Is GST added to the premium?
No — individual life-insurance premiums are GST-exempt from 22 September 2025.
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Disclaimer: BimaJaano is an independent tool and is not affiliated with the Life Insurance Corporation of India. Premium figures are based on LIC’s published tabular rates and are for guidance; benefit descriptions are summaries of the plan’s official terms. Confirm exact figures and features with LIC before buying.