LIC Jeevan Utsav
Lifetime Income & Protection for: Mr. Ramesh (Age: 1)
"Celebrating every year as a Utsav of assurance."
How the Plan Works
Regular Income Options
Choose between Option 1 (Regular) or Option 2 (Flexi) with 5.5% interest on accumulated income.
Premium Waiver (PWB)
Premiums are waived if an unfortunate event happens to the proposer, ensuring the child's future is safe.
High Risk Cover
Life cover continues for the full policy period, ranging from premium paid to ₹16,00,000.
Sovereign Guarantee
Backed by LIC Act 1956 with a 98.62% Claim Settlement Ratio.
Lifetime Growth & Income Projection
| Policy Year | Age | Premium Paid | Normal Life Cover | Returns (Income) | Cash Value |
|---|---|---|---|---|---|
| 1 | 1 | ₹65,824 | ₹65,824 | - | ₹43,883 |
| 5 | 5 | ₹65,824 | ₹3,29,120 | - | ₹2,50,016 |
| 10 | 10 | ₹65,824 | ₹14,00,000 | - | ₹6,32,044 |
| 15 | 15 | ₹65,824 | ₹16,00,000 | - | ₹11,10,728 |
| 18 | 18 | - | ₹26,00,000 | ₹1,00,000 | ₹12,47,160 |
| 50 | 50 | - | ₹26,00,000 | ₹1,00,000 | ₹13,85,380 |
| 99 | 99 | - | ₹16,00,000 | ₹1,00,000 | ₹14,24,460 |
*Figures are based on a Sum Assured of ₹10,00,000. Income starts after the premium payment and deferment period.
LIC of India is the only insurance company owned by the Govt. of India.
Benefits subject to Section 80C and Section 10(10D) as per prevailing rules.
Disclaimer: Premium shown is indicative. Benefits are guaranteed as per plan conditions. Please read the sales brochure carefully before concluding the sale.