India’s trusted insurer, the Life Insurance Corporation of India (LIC), has launched a new plan for 2025 — the Jeevan Utsav Policy (Plan No. 871) designed to offer lifetime income and guaranteed financial security. The plan has created a buzz because investors can receive ₹50,000 every year after a certain period, making it one of the most attractive long-term savings and income plans for salaried and self-employed individuals. Here’s a detailed look at how the LIC Jeevan Utsav plan works, who can apply, and how you can benefit from this lifetime income opportunity.
What Is LIC Jeevan Utsav Policy 2025?
The LIC Jeevan Utsav Policy is a non-linked, non-participating, whole-life insurance plan that offers lifelong protection along with guaranteed annual income after the premium payment term ends. It combines life cover with the benefit of annual payouts, ensuring your financial goals are met even after retirement.
The policy is designed to provide “income for life” while keeping your family financially protected in case of an unforeseen event. It’s ideal for those who wish to secure a steady annual income and maintain liquidity while keeping their money safe under a government-backed insurer.
How You Can Get ₹50,000 Every Year
Under the LIC Jeevan Utsav Plan, policyholders can choose a premium paying term (PPT) of 5 to 16 years. After the PPT ends, the policy enters the income phase, where you start receiving Guaranteed Income Benefits every year — equal to 10% of your Basic Sum Assured.
So, if you choose a sum assured of ₹5 lakh, you’ll receive ₹50,000 per year for the rest of your life after completing your premium term. The best part is that this income continues till you reach the age of 100, and you don’t have to pay any premiums after the PPT is over. For example, if you start the plan at age 35 with a 10-year premium term, you could start receiving ₹50,000 annually from age 45 onwards for life.
Key Highlights of LIC Jeevan Utsav 2025
This new LIC policy provides both life cover and guaranteed annual income, making it an excellent choice for long-term financial planning. During the premium-paying term, LIC offers Guaranteed Additions of ₹40 per ₹1,000 of the Basic Sum Assured every year, which increases the maturity value. After the income phase starts, you can choose between two options Regular Income Benefit (fixed yearly payout) or Flexi Income Benefit (you can accumulate payouts and withdraw later with interest).
The policy also allows you to take a loan after a certain period and add optional riders like accidental death or disability benefits for extra protection. The minimum entry age is 90 days, and the maximum is 65 years, making it accessible for both young earners and senior investors.
Why LIC Jeevan Utsav Is Gaining Popularity
The LIC Jeevan Utsav Policy is gaining massive traction among investors due to its guaranteed annual returns and whole-life coverage. It’s a rare policy that provides both regular income and life protection. Unlike market-linked products, this policy is risk-free and backed by the government, making it a great choice for conservative investors who prioritize stability over high risk.
Financial planners recommend this policy for those planning for retirement income, children’s long-term goals, or as a passive earning option during later years. The guaranteed ₹50,000 annual benefit acts like a pension without the volatility of mutual funds or equity markets.
How to Apply for LIC Jeevan Utsav Policy 2025
You can easily apply for this plan by visiting your nearest LIC branch or connecting with a registered LIC agent. The policy can also be purchased through the official LIC website (www.licindia.in). You’ll need basic documents such as Aadhaar, PAN, proof of income, and photographs to complete the application process.
During sign-up, you can choose your sum assured, premium payment term, and income benefit option. After the verification process, you’ll receive your policy document and can start premium payments through monthly, quarterly, or annual modes.
Benefits Beyond Income
Apart from lifetime income, this policy provides a death benefit to the nominee in case of the policyholder’s demise, ensuring long-term family security. It also offers tax benefits under Section 80C for premiums paid and Section 10(10D) for payouts, subject to prevailing tax laws. Additionally, the plan supports long-term wealth creation without any risk of loss, since all returns are fixed and guaranteed by LIC.
Should You Invest in the LIC Jeevan Utsav Policy?
If you are looking for a policy that gives you steady income, life coverage, and peace of mind, LIC Jeevan Utsav is worth considering. It is particularly suitable for middle-aged individuals and retirees who want predictable, inflation-resistant annual payouts without exposure to market risk. It can also work as a second income stream post-retirement, helping you cover lifestyle or medical expenses comfortably.
Conclusion: The LIC Jeevan Utsav Policy 2025 is a perfect blend of protection, savings, and guaranteed income. With the possibility of receiving ₹50,000 or more annually for life, it provides financial stability and confidence in uncertain times. This scheme is ideal for anyone seeking long-term returns, guaranteed income, and the unmatched reliability of India’s largest insurer. If you’re planning to secure your financial future and enjoy lifelong benefits, this LIC policy could turn your dream into reality.
Disclaimer: This article is based on official LIC details and verified financial reports available as of November 2025. Policy terms, benefits, and interest rates may change in the future. Please confirm all details with LIC’s official website or a licensed advisor before purchasing any insurance plan.
