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LIC — Whole Life Plans
LIC's Jeevan Utsav Single Premium (Plan 883)
Premium
Single Premium
Sum Assured
₹1 Lakh - No Limit
Term
Whole Life (up to age 100)
Premium Paying
Single Premium Only
Key Features
Single premium - pay once, get income for life
Guaranteed monthly income till age 100
Whole life coverage
Return of premium on death
No regular premium payment required
Tax benefits under Section 80C & 10(10D)
Ideal for retirees with lump sum
Benefits
Maturity Benefit
Guaranteed monthly income from end of deferment period till age 100, PLUS Sum Assured at age 100
Death Benefit
Higher of 7x Single Premium or 125% of Basic SA + Return of Single Premium paid
Available Riders
Accident Benefit Rider
Eligibility
Age: 30-65 years, Min SA ₹1 Lakh, Min Premium ₹50,000
Highlights
One-time payment for guaranteed lifetime income - ideal for retirees