LIC Jeevan Utsav (Plan 771) Calculator

The LIC Jeevan Utsav Calculator is an online tool that helps to calculate premiums and maturity benefits for the LIC Jeevan Utsav plan. The LIC Jeevan Utsav plan 771 is a whole life plan with guaranteed income as well as flexibility to meet all your long-term plans. Using the LIC Jeevan Utsav Calculator online, you will easily be able to calculate the premium amount as well as your pay-outs as per the values you provided for age, sum assured, and other factors.

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LIC Jeevan Utsav Calculator- An Overview

LIC Jeevan Utsav Plan Calculator is a smart online tool which is available on the website of LIC of India, which assists you in understanding the plan and calculating the financial effect of your LIC Jeevan Utsav Policy. LIC Jeevan Utsav Premium Calculator is an online tool which assists you in planning your future finances by calculating the premiums that need to be paid and the maturity value that will be received after the end of the policy duration.

Using the LIC Jeevan Utsav Plan calculator, you can:

  • Estimate the premium for your policy can be paid in the following ways, by month, by quarter, semi-annually, and annually

  • Estimate your income or maturity benefit

  • LIC Jeevan Utsav payment options comparison

  • Your return projections in real time

  • With the LIC Jeevan Utsav Calculator, it would be easy to check the effects of your age, premium payment term, and sum assured on your payouts.

How Does the LIC Jeevan Utsav Calculator Help Me?

The Jeevan Utsav Calculator provided by the LIC of India is a useful aid to estimate premiums or benefits for savings, protection, or financial planning. This is how it is done:

  • Fill Basic Information: The basic information includes name, date of birth, contact information, and so on.

  • Select Sum Assured: Select the amount of sum assured for the policy from Rs 5 Lakhs.

  • Select Premium Payment Term: Choose the premium payment term lasting between 5 and 16 years. Your annual premium and benefit amount will depend on the selected payment term.

  • The LIC Jeevan Utsav Calculator will take into account these factors and calculate the annual, semi-annual, quarterly, and monthly premium amount, death benefit, survival benefit, and guaranteed addition.

How to Use LIC Jeevan Utsav Calculator?

LIC Jeevan Utsav Plan Calculator for Plan 771 (previously known as LIC Jeevan Utsav plan 871 premium and maturity calculator) can be used to determine the premium and insurance coverage value. It can be obtained from the LIC official website or other sites such as Policybazaar.

From Policybazaar

Here are a few easy steps to calculate premiums by using the LIC Jeevan Utsav calculator and purchasing the plan from Policybazaar:

Step 1: Go to the Policybazaar website for the LIC Jeevan Utsav Policy.

Step 2: Enter your name and contact details, which are provided at the top right corner of the application form.

Step 3: Your turn next! Please enter your current city, age, and income.

Step 4: Once completed, select LIC Jeevan Utsav 771 and click "Get Details". You will be taken to the LIC Jeevan Utsav Plan Calculator.

Step 5: Verify the maturity amount and click on “Proceed for payment”

On the basis of the input provided, the LIC Jeevan Utsav Calculator will provide the estimated premium, the Basic Sum Assured, the Guaranteed Additions, and the benefits.

From LIC Website:

Another tool for calculation is the LIC Jeevan Utsav Calculator on the official LIC website. Though not listed by the same name, the standard LIC Calculator will perform the same operations after choosing the LIC Jeevan Utsav Plan.

The procedures to use the LIC Jeevan Utsav Policy Calculator from the official website of LIC are as follows:

Step 1: Visit the official website of LIC by scrolling down to the section ‘How Much You Need.’

Step 2: Click on ‘Calculate Premium’.

Step 3: Fill the basic information like your name, age, gender, and contact number by clicking on the “Next” button. After that, press the “Quick Quote” button.

Step 4: Select the LIC Jeevan Utsav plan from the plans listed and click on “Coverage”.

Step 5: Submit the required information and click the “Quote” button.

The result for the LIC Jeevan Utsav calculator will depend on your input values. Alternatively, you will be able to get an elaborated graph showing the premium amount, sum assured value, bonus amount, among other details.

How to Calculate Premium Using The LIC Jeevan Utsav Calculator?

Age at entry: 30 years

Survival Benefit Option: Regular Income Benefit

Sum Assured: Rs 10,00,000

Premium Paying Term Annual Premium
5 Rs.2,27,601
8 Rs. 1,49,540
12 Rs. 90,758
16 Rs. 61,394

LIC Hub

The LIC of India offers an array of insurance and investment products to cater to the needs of a diverse range of customers. Let us take a look at the various types of plans offered by Life Insurance Corporation of India:

  • Tax Saving
  • Investment Plans
  • Senior Citizens
  • Kids Plan
  • Women

LIC for TAX Saving:

Enjoy the dual benefit of tax deductions under Section 80C and comprehensive insurance coverage with LIC’s tax-saving policies.

Best LIC Plans for Investment:

Explore LIC's top-performing plans, which provide the perfect blend of investment growth and insurance protection to achieve your financial aspirations.

LIC for Senior Citizens:

Ensure a peaceful and financially stable retirement with LIC plans offering guaranteed returns, life cover, and regular income options.

LIC for Kids:

Protect and plan your child’s education, marriage, and future goals with LIC’s specialized child insurance plans that combine savings and life cover.

LIC for Women:

LIC offers plans tailored for women, focusing on their unique needs. These plans include savings, life cover, and financial independence to secure a brighter future.

What are the Key Benefits of the LIC Jeevan Utsav Calculator?

Premium Estimation: This tool helps you calculate your premium amounts based on your age, policy term, and chosen sum assured. 

Sum Assured Calculation: This tool lets you calculate how much life insurance you can get based on the information you enter.

Check Guaranteed Additions: This will show you the guaranteed additions that apply to your policy. This will help you understand the guaranteed benefits and long-term value that the plan will provide.

Customization: You can modify the policy to meet your specific needs as the LIC Jeevan Utsav calculator allows adjusting coverage, premium payment terms, and riders multiple times.

Easy to Use: It's very easy to use the LIC Jeevan Utsav calculator as it requires few simple steps and basic details to calculate the results, and can be used at your convenience.

Wrapping it Up

LIC Jeevan Utsav 771 Calculator is one tool that is highly necessary when considering the LIC Jeevan Utsav plan. It allows you to make the best decision by calculating the premium payments and the guaranteed amount. By using the calculator properly, you can make a confident move towards securing your financial future and getting assured peace of mind with LIC Jeevan Utsav 771.

FAQs

  • Q: What is LIC Jeevan Utsav Calculator, and how does it work?

    The LIC Jeevan Utsav Calculator is a tool that helps individuals calculate the benefits in the Jeevan Utsav policy. It also calculates premiums and other important information based on the user inputs.
  • Q: Are the results from the LIC Jeevan Utsav Calculator guaranteed?

    The LIC Jeevan Utsav plan calculator gives you estimates based on the information you enter, but the actual results may be different. These calculations are just estimates. The final numbers will depend on the policy's terms and conditions and how well the investment does.
  • Q: Can I adjust my inputs in the LIC Jeevan Utsav Calculator?

    Yes, the input in the Jeevan Utsav LIC calculator can be modified as per the customers choices. This helps you compare the policy benefits under various choices.
  • Q: What is the maturity of Jeevan Utsav?

    Jeevan Utsav is a whole-life policy, but it doesn't have a maturity benefit. The payout is a guaranteed income benefit that will be paid out after all the premiums have been paid.
  • Q: What is the interest rate of LIC Jeevan Utsav?

    The LIC Jeevan Utsav plan has an interest rate of 5.5% per year. This rate is added together every year.
  • Q: What is the paid-up value in Jeevan Utsav?

    The paid-up value is the lower sum assured that is left after the policyholder stops paying premiums. In this case, the policy doesn't end completely, but the coverage amount goes down. The policyholder gets a smaller amount based on the premiums they have already paid.
  • Q: Is LIC Jeevan Utsav tax-free?

    Yes, the LIC Jeevan Utsav policy premiums are tax-free under Section 80C, and the maturity benefits are tax-free under Section 10(10D) of the Income Tax Act.
  • Q: What is the age limit for Jeevan Utsav?

    People between the ages of 30 days and 65 years can buy the LIC Jeevan Utsav.
  • Q: Is Jeevan Utsav a pension plan?

    No, LIC Jeevan Utsav is a non-linked, individual, savings, whole life insurance plan.
  • Q: What is the return rate of LIC Jeevan Utsav?

    The answer is that the return rate of LIC Jeevan Utsav depends on the policy's term and the amount of money that is promised. You can use the LIC Jeevan Utsav calculator to find out how much money you might make in the future. This will help you figure out your finances and know what benefits you might get before you invest.
  • Q: How does the Jeevan Utsav Calculator work?

    The LIC Jeevan Utsav Calculator uses data such as the policyholder's age, how long they will be paying premiums, and how long the policy will be in effect. It adds up the expected maturity benefits, bonus amounts, and other things to find out how much the LIC Jeevan Utsav policy will pay out in total.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

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