A Lifetime of Guaranteed Income with One Smart Investment

“One payment today can create a guaranteed income stream for decades.”
— InsuranceJano Insight

In today’s uncertain financial environment, people are not just looking for returns — they are looking for certainty, stability, and peace of mind. Traditional investment products often fluctuate with markets, interest rates, or economic cycles. That’s where LIC Jeevan Utsav – Single Premium Plan 883 stands out as a powerful long-term financial solution.

Offered by Life Insurance Corporation of India, LIC Jeevan Utsav (Plan 883 – Single Premium) is a non-linked, non-participating, whole life assurance plan designed to provide guaranteed annual income for life with a single one-time investment.

At InsuranceJano, we believe this plan is especially suitable for individuals who want:

• Predictable lifetime income

• Zero market risk

• No repeated premium burden

• A legacy for their family

Let’s explore this plan in complete detail.

What is LIC Jeevan Utsav – Single Premium (Plan 883)?

LIC Jeevan Utsav (Single Premium) is a whole life income plan where you pay the premium only once, and after a fixed deferment period, you start receiving guaranteed annual payouts for life.

LIC Jeevan Utsav Single Premium Plan 883 – Key Details

Why LIC Jeevan Utsav is Different

“Most people save money. Smart people convert savings into guaranteed income.”

Unlike traditional endowment or ULIP plans, LIC Jeevan Utsav is income-focused, not bonus-based. This makes it far more predictable and stress-free.

What Makes It Special?

• ✔ One-time investment

• ✔ Guaranteed returns

• ✔ Income starts after deferment period

• ✔ Income continues for life

• ✔ Death benefit available anytime

• ✔ Tax benefits under Income Tax Act

How Does LIC Jeevan Utsav (Single Premium) Work?

Let’s understand the flow in a simple way:

1. You pay one single premium at policy start

2. Deferment period (chosen by you) begins

3. After deferment, guaranteed income starts every year

4. Income continues till age 100 or death

5. On death, death benefit is paid to nominee

Eligibility Criteria

Guaranteed Annual Income – Explained

Guaranteed Annual Income (GAI) is the core strength of this plan.

• Income amount is pre-defined at policy inception

• Not dependent on LIC profits or bonuses

• Paid every year after deferment period

• Continues for entire life

“This is income you can plan your life around.”

Deferment Period Options

You can choose how long you want to wait before income starts.

Death Benefit Structure

In case of unfortunate death of the life assured:

Nominee receives higher of:

• Sum Assured on Death

• 105% of Single Premium paid

“Even while providing income, the plan protects your family.”

Tax Benefits (As per Current Laws)

*Subject to prevailing Income Tax laws.

Who Should Buy LIC Jeevan Utsav – Plan 883?

This plan is not for everyone, but it is perfect for the right people.

Ideal For:

• ✔ Retired individuals

• ✔ Business owners with surplus funds

• ✔ Salaried professionals planning retirement

• ✔ Investors seeking safe income

• ✔ Parents planning long-term security

Who Should Avoid This Plan?

• ❌ Short-term investors

• ❌ High-risk takers

• ❌ People seeking market-linked returns

LIC Jeevan Utsav vs Traditional LIC Plans

Real-Life Example (Illustrative)

Disclaimer: Figures are indicative.

Why InsuranceJano Recommends This Plan

At InsuranceJano, we evaluate products on safety, clarity, and sustainability.

Our Expert View:

“LIC Jeevan Utsav is not a return-maximization plan.
It is a certainty-maximization plan.”

Key Advantages

• ✔ Peace of mind

• ✔ No premium tension

• ✔ Predictable income

• ✔ Lifetime coverage

• ✔ Strong LIC backing

Important Points to Remember

• This is a long-term commitment

• Liquidity is limited

• Best used as income foundation, not sole investment

Frequently Asked Questions (FAQ)

Final Thoughts – InsuranceJano Verdict

“If you want excitement, go to the stock market.
If you want certainty, choose LIC Jeevan Utsav.”

LIC Jeevan Utsav – Single Premium Plan 883 is a rock-solid financial instrument for people who value stability over speculation. It fits beautifully into retirement planning, passive income strategies, and legacy planning.

At InsuranceJano, we believe this plan works best when combined with growth-oriented investments — giving you the perfect balance of safety and growth.