LIC Jeevan Utsav: 5 big benefits you shouldn’t miss in 2025

Looking for a life insurance plan that offers steady income for life, tax benefits, and flexible payments? LIC’s Jeevan Utsav might be just what you need.

This whole life plan from the Life Insurance Corporation of India (LIC) is designed for people who want lifelong financial security with the added perks of guaranteed income, tax savings, and family protection.

Here are five standout features of the LIC Jeevan Utsav Plan that make it worth considering in 2025:

1. Flexible Premium Payment Options

You can choose to pay your premiums over 5 to 16 years, depending on your financial comfort. The plan is open to individuals aged 90 days to 65 years, with a minimum sum assured of ₹5 lakh and no upper limit. This gives you the flexibility to plan at your own pace.

2. Guaranteed Additions Every Year

During the premium payment period, LIC adds a guaranteed ₹40 per ₹1,000 of the basic sum assured every year. These additions significantly increase the policy’s value and your returns over time.

3. Lifetime Income – Choose Steady or Flexi

After completing the premium term, you get to pick between:

Steady Income: Receive 10% of the basic sum assured every year.

Flexi Income: Delay your income withdrawals to earn 5.5% interest per year, compounded annually.

Whether you want regular income or prefer to let it grow, this plan offers the freedom to choose.

4. Comprehensive Death Benefit

In case of the policyholder’s demise, the nominee receives a lump sum that includes the basic sum assured + all guaranteed additions. This amount will never be less than 105% of the total premiums paid—ensuring strong financial protection for your family.

5. Loans, Riders & Tax Benefits

Loan Option: Available after paying premiums for two years—helpful during financial emergencies.

Optional Riders: Enhance your cover with add-ons like accidental death, disability benefit, critical illness cover, and premium waiver.

Tax Savings: Premiums and payouts are eligible for deductions under Section 80C and 10(10D) of the Income Tax Act.

Final Word

LIC Jeevan Utsav stands out as a smart choice for those planning for the long haul. With its combination of guaranteed returns, lifetime income, tax benefits, and family protection, it checks all the right boxes for a well-rounded financial plan.

As always, before investing, consult a certified financial advisor or LIC representative to ensure the plan fits your financial goals.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.