Introduction Investing in a life insurance plan is a crucial financial decision that impacts your long-term security. LIC Jeevan Utsav (Plan 871) is a whole-life savings insurance plan offering guaranteed income benefits with limited premium payments. But is it the right investment for you? Let’s explore its benefits, eligibility, and suitability.
Key Features of LIC Jeevan Utsav 871
- Limited Premium Payment – Choose from 5 to 16 years for paying premiums, ensuring flexibility in financial planning.
- Guaranteed Additions – Earn ₹40 per ₹1,000 sum assured annually during the premium payment term, increasing your returns.
- Income Benefit Options:
- Regular Income Benefit – Receive 10% of the sum assured per year for life, ensuring steady income.
- Flexi Income Benefit – Allows adjustable payouts based on financial needs.
- Death Benefit – Ensures sum assured on death + accumulated guaranteed additions are paid to the nominee, providing family security.
- Tax Benefits – Premiums qualify for deductions under Section 80C, and maturity benefits may be tax-free under Section 10(10D) of the Income Tax Act.
- Optional Riders – Enhance protection with Accidental Death Benefit, Term Assurance, and Critical Illness Riders.
Who Should Consider Investing in LIC Jeevan Utsav 871?
- Individuals Seeking Lifetime Income – Ensures steady cash flow even after retirement.
- Investors Looking for Safe & Guaranteed Returns – Backed by LIC’s credibility and government assurance.
- Those Wanting to Secure Their Family’s Future – Provides financial security to loved ones in case of an unfortunate event.
- Tax-Savvy Investors – Enjoy tax benefits on premiums and payouts under the Income Tax Act.
Who Might Not Benefit from LIC Jeevan Utsav 871?
- People Seeking High-Risk, High-Return Investments – Unlike market-linked plans, this provides moderate, guaranteed returns.
- Those Who Prefer Short-Term Plans – This plan requires a long-term commitment to maximize benefits.
Conclusion LIC Jeevan Utsav 871 is a great choice for individuals looking for lifelong financial stability, guaranteed income, and family security. However, if you seek aggressive investment growth, market-linked plans may be a better alternative. Before investing, assess your financial goals and consult a LIC advisor for personalized guidance.
Interested in LIC Jeevan Utsav 871? Contact us today to make an informed investment decision!
LIC Jeevan Utsav 871: Is It the Right Investment for You?
Introduction Investing in a life insurance plan is a crucial financial decision that impacts your long-term security. LIC Jeevan Utsav (Plan 871) is a whole-life savings insurance plan offering guaranteed income benefits with limited premium payments. But is it the right investment for you? Let’s explore its benefits, eligibility, and suitability.
Key Features of LIC Jeevan Utsav 871
- Limited Premium Payment – Choose from 5 to 16 years for paying premiums, ensuring flexibility in financial planning.
- Guaranteed Additions – Earn ₹40 per ₹1,000 sum assured annually during the premium payment term, increasing your returns.
- Income Benefit Options:
- Regular Income Benefit – Receive 10% of the sum assured per year for life, ensuring steady income.
- Flexi Income Benefit – Allows adjustable payouts based on financial needs.
- Death Benefit – Ensures sum assured on death + accumulated guaranteed additions are paid to the nominee, providing family security.
- Tax Benefits – Premiums qualify for deductions under Section 80C, and maturity benefits may be tax-free under Section 10(10D) of the Income Tax Act.
- Optional Riders – Enhance protection with Accidental Death Benefit, Term Assurance, and Critical Illness Riders.
Who Should Consider Investing in LIC Jeevan Utsav 871?
- Individuals Seeking Lifetime Income – Ensures steady cash flow even after retirement.
- Investors Looking for Safe & Guaranteed Returns – Backed by LIC’s credibility and government assurance.
- Those Wanting to Secure Their Family’s Future – Provides financial security to loved ones in case of an unfortunate event.
- Tax-Savvy Investors – Enjoy tax benefits on premiums and payouts under the Income Tax Act.
Who Might Not Benefit from LIC Jeevan Utsav 871?
- People Seeking High-Risk, High-Return Investments – Unlike market-linked plans, this provides moderate, guaranteed returns.
- Those Who Prefer Short-Term Plans – This plan requires a long-term commitment to maximize benefits.
Conclusion LIC Jeevan Utsav 871 is a great choice for individuals looking for lifelong financial stability, guaranteed income, and family security. However, if you seek aggressive investment growth, market-linked plans may be a better alternative. Before investing, assess your financial goals and consult a LIC advisor for personalized guidance.
Interested in LIC Jeevan Utsav 871? Contact us today to make an informed investment decision!
