LIC Plan Calc Logo
LIC Plan Calc
Table No. 883Single Premium Whole LifeUIN: 512N392V01

LIC Jeevan Utsav Single Premium (Plan 883) Calculator & Complete Guide

Non-Linked, Non-Participating, Individual, Savings, Whole Life Assurance Single Premium Plan. Pay one-time premium and receive 10% guaranteed lifelong annual income from the chosen deferment year up to age 100.

Table 883

Plan Parameters

Single Premium
Years
Eligible Entry Age: 90 Days to 65 Years (Whole Life cover to Age 100)
₹10.00 Lakh
₹
✓ High SA Rebate: ₹15.00 per ₹1,000 SA applied
Income Deferment Period
Guaranteed additions accumulate for 3 years, then 10% annual income starts at Age 33.
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).

Proposal Summary

LIC Jeevan Utsav (Single Premium 883)

Payment ModeOne-Time Single
🌟 10% Guaranteed Lifelong Annual Income
₹1,00,000 / Year

Paid Every Year for Life from Age 33 to Age 100 (100% Tax-Free)

Single Premium (One-Time)₹8,25,6000% GST Mode
Guaranteed Additions+₹1,20,000₹40/₹1k SA per yr
Basic Sum Assured:₹10,00,000
Guaranteed Death Sum Assured:₹10,32,000
Total Death Cover (SA + GA):₹11,52,000
Total Cumulative Life Payouts (till Age 100):₹78,52,000
Table 883Representative Policy Illustrations

LIC Jeevan Utsav Single Premium Premium & Maturity Examples

⚡ Pre-Calculated Tabular Rates (0% GST)

To help you compare real-world policy outcomes, below are three representative calculation examples for LIC Jeevan Utsav Single Premium (Plan 883) across different entry ages, policy tenures, and sum assured brackets.

Scenario 1

Starter Saver (Age 25)

Young Professional
Client Age:25 Years
Basic Sum Assured:₹5,00,000
Policy Term / PPT:75 Yrs / 1 Yrs
Annual Income (Life):₹50,000/yr
Premium Modes
Yearly₹4,04,250
Half-Yearly₹0
Quarterly₹0
Monthly (NACH)₹0
Total Premium Paid (1 yrs):₹4,04,250
Simple Bonus (Approx):+₹60,000
Total Maturity Return:₹5,60,000

* One-time single payment of ₹4,04,250 gives ₹50,000 tax-free income every year from Age 28 to 100.

Scenario 2

Family Security (Age 30)

Popular Choice ⭐
Client Age:30 Years
Basic Sum Assured:₹10,00,000
Policy Term / PPT:70 Yrs / 1 Yrs
Annual Income (Life):₹1,00,000/yr
Premium Modes
Yearly₹8,25,600
Half-Yearly₹0
Quarterly₹0
Monthly (NACH)₹0
Total Premium Paid (1 yrs):₹8,25,600
Simple Bonus (Approx):+₹1,20,000
Total Maturity Return:₹11,52,000

* One-time single payment of ₹8,25,600 provides ₹1,00,000 lifelong annual pension with ₹11.52L death cover.

Scenario 3

HNI Wealth Legacy (Age 40)

High Corpus
Client Age:40 Years
Basic Sum Assured:₹25,00,000
Policy Term / PPT:60 Yrs / 1 Yrs
Annual Income (Life):₹2,50,000/yr
Premium Modes
Yearly₹22,24,500
Half-Yearly₹0
Quarterly₹0
Monthly (NACH)₹0
Total Premium Paid (1 yrs):₹22,24,500
Simple Bonus (Approx):+₹3,00,000
Total Maturity Return:₹28,00,000

* One-time single payment of ₹22,24,500 locks in ₹2,50,000 annual guaranteed cash flow for life.

ℹSingle premium figures are shown with 0% GST under direct pure tabular modes and reflect applicable high sum assured rebates.

ℹGuaranteed Additions of ₹40 per ₹1,000 Basic Sum Assured accrue annually during the deferment period.

ℹRegular annual income of 10% Basic Sum Assured starts at the end of the deferment period and continues until age 100.

📋 Key Eligibility Criteria & Policy Parameters

ParameterPlan 883 Details
Policy TermWhole Life (100 minus Entry Age Years)
Premium Paying Term (PPT)Single Premium (1 Time Only)
Minimum Entry Age90 Days (Completed)
Maximum Entry Age65 Years (Nearer Birthday)
Minimum Basic Sum Assured₹5,00,000
Maximum Basic Sum AssuredNo Upper Limit
Income Benefit OptionsRegular Income (10% SA annually) or Flexi Income Benefit