LIC's Jeevan Utsav (Plan 771) Calculator
Whole Life Plan with Guaranteed Lifetime Returns & Optional Riders.
LIC Jeevan Utsav Plan 771 Calculator: Your Guide to Lifetime Income & Security
LIC Jeevan Utsav Plan 771 Calculator helps you estimate premiums, guaranteed benefits, and future income under LIC’s whole life, limited-premium plan. Before you commit, use the calculator to explore different scenarios—age, sum assured, premium paying term, benefit option—and see what’s best for you.
In this guide, we’ll walk you through:
- What is LIC Jeevan Utsav 771
- How the LIC Jeevan Utsav Plan 771 Calculator works
- Key features, benefits & eligibility
- A sample table with calculation
- Tips, FAQs, and final thoughts
What Is LIC Jeevan Utsav Plan 771?
LIC’s Jeevan Utsav Plan 771 is a Non-Linked, Non-Participating, Individual, Savings, Whole Life Insurance Plan.
In simple terms:
- You pay premiums only for a limited number of years (5 to 16 years)
- After that, you stop paying, but you receive lifelong income (survival benefits)
- It also gives life cover (death benefit) and guaranteed additions during the premium-paying period
How the LIC Jeevan Utsav Plan 771 Calculator Works
When you use the LIC Jeevan Utsav Plan 771 Calculator, here’s what you input and see:
| Input Parameter | What You Fill | Purpose |
|---|---|---|
| Age (nearest birthday) | e.g. 30 years | To determine risk and premium rates |
| Basic Sum Assured | e.g. ₹10,00,000 | The base coverage amount |
| Premium Paying Term (5–16 years) | e.g. 10 years | How long you’ll pay premiums |
| Benefit Option | Regular Income / Flexi Income | How survival benefit is paid |
| Payment Mode | Yearly / Half-Yearly / Quarterly / Monthly | Frequency of premium payments |
| Optional Riders | AD&D, Term Assurance, etc. | Extra protection, if required |
Once you press “Calculate”, the system shows:
- The annual, half-yearly, quarterly, monthly premium
- The guaranteed additions per year
- The survival / income benefit schedule
- Death benefit (Sum Assured on Death + additions)
- Surrender value / paid-up value (if applicable)
Key Features & Eligibility
Eligibility Criteria
| Parameter | Minimum | Maximum / Conditions |
|---|---|---|
| Entry age | 30 days | Up to 65 years |
| Premium paying term | 5 years | Up to 16 years |
| Basic Sum Assured | ₹5,00,000 | No upper limit (subject to underwriting) |
| Premium ceasing age | — | 75 years |
Features & Benefits
- Guaranteed Additions: ₹40 per ₹1,000 of basic sum assured each year during premium-paying term
- Death Benefit: Sum Assured on Death + accrued additions, minimum 105% of total premiums paid
- Survival Benefits: After premiums end, 10% of basic sum assured annually as Regular/Flexi Income
- Flexi Income Option: If deferred, LIC pays 5.5% p.a. interest on accumulated amounts
- Loan, Surrender, Paid-Up & Revival options available
- Tax benefits under Section 80C & 10(10D)
Sample Table: LIC Jeevan Utsav Plan 771 Calculator in Action
Example: Age 30 yrs, Sum Assured ₹10,00,000, PPT 10 yrs, Regular Income
| Year | Action | Guaranteed Additions (₹) | Income Benefit (₹) | Remarks |
|---|---|---|---|---|
| 1 | Premium paid | ₹40,000 | — | Additions start |
| 2 | Premium paid | ₹40,000 | — | Accumulation continues |
| 10 | Last premium year | ₹40,000 | — | Premium ends |
| 11 | Income starts | — | ₹1,00,000 | Annual payout begins |
Why Use the LIC Jeevan Utsav Plan 771 Calculator?
Clarity on premiums and payouts
Easy comparison of options
Better risk understanding
Smarter decision-making
Tips Before You Buy
- Start early for lower premiums and better results
- Choose PPT wisely—shorter PPT starts income sooner
- Pick benefit option that suits your cash flow needs
- Add riders only if required
- Use a reliable calculator for accuracy
FAQs (Quick)
- Does the plan offer maturity benefit? No. Income continues for life, no lump sum maturity.
- When does survival benefit begin? After PPT ends; e.g., PPT 10 yrs → income starts from 13th policy year.
- Can I surrender early? Yes, after certain years as per LIC’s rules.
- Is Flexi Income interest fixed? Yes: 5.5% p.a., compounded yearly.
- Are the returns 10% per year? No. 10% of sum assured is payout; effective IRR is lower.
Final Thoughts
If you’re planning to buy LIC Jeevan Utsav Plan 771, use the calculator to simulate scenarios. This plan provides guaranteed income, lifelong security, and peace of mind.