What is LIC Jeevan Utsav (Plan 874)?

LIC Jeevan Utsav (Plan 874) is a modern guaranteed income whole-life insurance plan. It provides Guaranteed Additions of ₹40 per ₹1,000 Sum Assured during the PPT, followed by a guaranteed lifelong annual income benefit equal to 10% of Basic Sum Assured starting after PPT.

What are the premium paying terms available in Jeevan Utsav 874?

Jeevan Utsav offers flexible short premium paying terms ranging from 5 to 16 years.

Table 771 (874)Guaranteed 10% Life IncomeUIN: 512N363V02

LIC Jeevan Utsav (Plan 771 / 874) Calculator & Income Planner

Non-Linked, Non-Participating, Individual Savings Whole Life Insurance. Calculate yearly premiums, ₹40/k guaranteed additions, and your guaranteed 10% annual income benefit for life.

Policy Parameters

Live Reactive

Proposer Age

Years

Eligible Age: 90 days to 65 Years

Basic Sum Assured (₹)₹10.00 Lakh

₹

Premium Paying Term (PPT)

Years

Min: 5 YrsMax: 16 Yrs

Accidental Death & Disability Benefit

₹1.00 / ₹1,000 SA

Guaranteed 10% Annual Income for Life

₹1,00,000 / Year

Payable every year for life after PPT

Guaranteed Additions (Accrued)

₹4,00,000

Yearly (0% GST)

₹1,32,000

Half-Yearly Mode

₹66,500

Total Premium Paid

₹12,93,000

Death Benefit in PPT

₹14,00,000

📋 Key Eligibility & Parameters (Jeevan Utsav 874)

Parameter	Specification
Plan USP	Guaranteed 10% annual income for life + ₹40/1,000 SA Guaranteed Additions
Entry Age	90 days to 65 Years
Premium Paying Term (PPT)	5 to 16 Years (Short PPT)
Minimum Basic Sum Assured	₹5,00,000 (No upper maximum limit)

Official Notice & Disclaimer

LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).

Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.