LIC Jeevan Utsav
| AWESOME PLAN BENEFITS FOR YOU | ₹ | Amount |
|---|---|---|
| GUARANTEED PENSION (Tax Free) from age until 100 Years (or till death) |  |
* Years |
| Option 1 benefits: 10% of SA TAX FREE PENSION received till 100 Years |  |
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| Option 2 benefits: 10% of SA accumulate yearly and the addtional income benefit @5.50% interest compounded yearly: withdraw 75% any time = + |  |
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| Loan on Policy:Aproximate loan availability after 2 years |  |
| BENEFITS FOR NOMINEE/FAMILY AFTER YOU | ₹ | Amount |
|---|---|---|
| On death before th year of plan maturity : | ||
| 1. On death before maturity: Guaranteed life insurance | |
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| 2. If accidental death: DAB paid |  |
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| 3.Guaranteed bonus @ 40/1000 SA: Accumulated till death | |
+ |
| Total payable to nominee = 1 + 2 + 3 (Tax Free): | |
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| On death after th year of plan maturity : | ||
| 1. On death after maturity: Guaranteed life insurance | |
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| 2. If accidental death before age 70: DAB paid | |
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| Option 1: Total payable to nominee = 1 + 2 (Tax Free): | |
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| If you have opted option 2,then After income start on th year onwords, death benefit payable to nominee is equal to Sum Assured you are covered till 100 years without premium payment along with 10% of SA accumulated yearly and the income benefit @5.5% interest compounded yearly after withrawals any is paid to nominee | ||
| Option 2: Maximum death benefit (Tax Free) payable to nominee near maturity years. |  |
Death benefits illustration is calculated assuming death of life assured occurs before a year maturity of policy.
Returns will be tax free as per tax rules applicable.
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PAY PREMUM
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YEARLY
- Save 2%
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HALF YEARLY
- Save 1%
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PAY PREMUM
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QUARTERLY
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MONTHLY
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| Pay by Credit Card | Debit Card | Net Banking | UPI conveniently |
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| Your data transactions are secure with SSL certificate, payments through RBI approved PCI-DSS certified payment gateways on LIC's digital portal |
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Why you should buy LIC plans? LIC is the only Life Insurance Company in INDIA where Sum Assured and Bonuses declared are GUARANTEED BY THE GOVT OF INDIA. (refer Section 37 LIC ACT 1956) |
OPTION 2 Benefit Illustration
LIC's Jeevan Utsav Online
India's only plan with10% guaranteed returns for whole life and 5.5% compounding interest!
Short Term Investment
Premium payment option of 5 to 16 Years.
Highest Guaranteed Returns plan
Option-I: 10% of Basic SA – Starting from end of deferment period till death.
Option-II: 10% of Basic SA - Starting from end of deferment period till death with flexi withdrawal option.
Pension planning with Whole Life Cover
Provide security to your invested money with LIC, Have peace of mind once you buy. Protect family with Life Insurance up to age 100 years without premium payment.
Eligibility Conditions to buy new LIC Jeevan Utsav Online
| a) | Minimum Basic Sum Assured | : | Rs. 5,00,000 |
| b) | Maximum Basic Sum Assured | : | No limit |
| c) | Policy Term | : | 100 Years |
| d) | Premium Paying Term | : | 5 to 16 years |
| d) | Mode of Payment: | : | Yearly, Half Yly, Qly & Mly |
| e) | Minimum Age at entry | : | 90 days Completed |
| f) | Maximum Age at Entry | : | 65 Years (Age Nearer Birthday) |
| g) | Max. Premium Ceasing Age: | : | 75 years |
| h) | ADDB Rider: | : | ADDB Rider: (Upto Age 70) |
| I) | Tax Benefits: | : | On Premium: u/s 80C as per rules. SB/Death claim: u/s 10(10D) as per rules. |
| J) | Maturity Benefits: | : |
On Premium: u/s 80C as per rules. Option-I: 10% of Basic SA – Starting from end of deferment period till death. 75% of accumulated amount can be withrawn once in a year. |
FAQs about LIC Jeevan Utsav
Who can buy LIC Jeevan Utsav?
LIC LIC Jeevan Utsav is one of the top selling Life Insurance plans in India. If its the first Insurance plan you are buying, the LIC Jeevan Anand is the plan you should start with. Best suited plans for Software Engineers, Doctors, professionals and self Employed etc..
Do I pay the premium Monthly or Annually?
LIC premiums can be paid Yearly, Half yearly, Quarterly or Monthly. Yearly premium offers 2% discout, Half-yearly premium offers 1% discount. If you opt for Monthly premiums, NEFT will be set up, where in the Premium will be deducted from your bank account on the chosen date every Month.
How can I save Income Tax with this plan?
Premiums paid towards your LIC Jeevan Utsav policy is considered for Income Tax savingunder Sec 80c of Income tax act. You can invest upto Rs.1,50,000 under 80c and save tax upto Rs.46,800 every year. Know More
When is the best time to sta rt investing inLIC Jeevan Utsav?
Buy new LIC Jeevan Utsav! Ideally one should start with tax saving LIC Jeevan Utsav policy as soon as possible. The younger you start your policy, the better benefits - Lower premium, Higher life cover, long term corpus building for retirement,Save Tax from the start, disciplined savings habit from an early age. Also adequate life cover to start with.
When should I start LIC LIC Jeevan Utsav in the Finanical Year for Tax Saving?
Any premiums paid between 1st April to 31st March is considered for tax saving for that financial year. If opting for Yearly premium payment mode, you can start the policy whenever convenient. If you are choosing other modes, then to save tax for the whole year, you can use the Date Backing option. You can contact us for further information on this.
Are the maturity benefits or returns from LIC Jeevan Utsav Tax free?
Returns or proceeds including bonus, sum assured or surrender value from LIC Jeevan Utsav endowment plan are Tax free under Income Tax Act 10(10D)
Premium Options
The premiums can be paid Yearly, Halfyearly, Quaterly or Monthly.
Loan on Policy
Policyholder can avail loan on policy after 3 successful years of premium payment.
Policy Bond
Your LIC policy bond will be issued after acceptance of your online proposal.
Guaranteed Bonus
Guaranteed Bonus of 40 per thousand meaning 4% of sum assured added to your policy at the end of every financial year.
Why buy new LIC Jeevan Utsav online?
India's Only Insurance Company with Sovereign guarantee by Govt of India.
All LIC policies come with a Sovereign Guarantee from Govt of India. Your money is safe and guaranteed by Government. This makes LIC a most proffered Insurance company than Private Life Insurance company when it comes to buying new LIfe Insurance Policy.
Most trusted Brand of India
14,000+ Crores New premium paid every year by Indians.
LIC has King share of Life Insurance Business around more than 75% in India. People prefer LIC over Private Life Insurance plans how ever attractive promises they make due to trust and uncertainty of Private Companies Promises.
Easy Online Buying KYC Process
We assure hassle free online buying process. Buy online from the comfort of your house and digital consultation if required. KYC is also done online.
Compliant with RBI and IRDAI approvals.
Whey go anywhere else or Agents?
Secure Payment Options
Online payment options like Debit/Credit card, UPI payments,PayTM, Bhim, Google pay etc. Integrated through RBI approved PCI compliant payment gateway.
Unbiased Sales process
LIC is a leading brand, hence we help you choose the right plan without any biased opinion. Honest and transparent information shown to you and you can chose yourself based on your need.
No Misselling
You choose your own plan from our Website. See illustrations and expected return instantly and make baying decision. Understand the plan which best suits your needs. No misspelling or forced selling by intermediaries.
