LIC’s Jeevan Utsav (Single Premium)
LIC’s Jeevan Utsav (Single Premium) is a non-linked, non-participating life insurance plan designed to provide guaranteed income and life cover with a one-time premium payment.
Overview
Plan Description
LIC’s Jeevan Utsav (Single Premium) allows policyholders to make a one-time premium payment and receive guaranteed income benefits along with life cover. This plan is suitable for individuals with lump-sum funds who seek stable, long-term income without exposure to market risks.
Key Benefits
Single Premium Convenience
Pay once and enjoy guaranteed income and life cover benefits.
Guaranteed Income
Assured income after completion of the premium payment term.
Life Cover
Financial protection for family in case of untimely death.
Government Assurance
Offered by LIC, a Government of India undertaking.
Single Premium Planning
The single premium option is suitable for individuals receiving lump-sum amounts such as retirement benefits, inheritance, or maturity proceeds from other investments.
Single Premium Scenarios
₹5 Lakhs
Suitable for moderate guaranteed income planning.
₹10 Lakhs
Balanced income and life cover combination.
₹25 Lakhs & Above
Higher guaranteed income with long-term financial security.
Who Should Choose This Plan?
LIC’s Jeevan Utsav (Single Premium) is ideal for retirees, high-net-worth individuals, and conservative investors seeking guaranteed income without market-linked risks.