Whole life plans from LIC are designed to provide lifelong protection, regular income and a legacy corpus, with cover typically continuing up to age 100. Under this category, LIC currently offers three whole‑life products.
What are LIC Whole Life Plans?
Whole life plans keep life cover in force for the entire lifetime of the insured (usually up to age 100), instead of a fixed policy term like 20 or 25 years. They can also provide survival benefits or income during the policyholder’s life, along with a lump‑sum benefit on death or on reaching the terminal age.
List of LIC Whole Life Plans
According to LIC’s official whole life plans page, the current products are:
| S. N. | Product name | Plan No. | UIN No. | Broad positioning |
|---|---|---|---|---|
| 1 | LIC’s Jeevan Umang | 745 | 512N312V03 | Whole‑life savings with yearly income |
| 2 | LIC’s Jeevan Utsav | 771 | 512N363V02 | Non‑par whole‑life with guaranteed income |
| 3 | LIC’s Jeevan Utsav Single Premium | 883 | 512N392V01 | Single‑premium whole‑life income plan |
LIC’s Jeevan Umang (Plan 745)
LIC Jeevan Umang is a non‑linked, with‑profits whole‑life savings plan that offers annual survival benefits after the premium‑paying term and life cover up to age 100. It is typically used as a lifetime income‑plus‑protection solution where you pay premiums for a limited period and then receive regular income along with continued life cover.
LIC’s Jeevan Utsav (Plan 771)
LIC Jeevan Utsav is a non‑linked, non‑participating whole‑life savings plan that provides guaranteed additions during the premium‑paying term and lifetime survival benefits thereafter. Policyholders can opt for Regular Income or Flexi Income, creating a guaranteed lifelong income stream backed by whole‑life cover.
LIC’s Jeevan Utsav Single Premium (Plan 883)
LIC Jeevan Utsav Single Premium is a non‑linked, non‑participating single‑premium whole‑life plan listed alongside other whole‑life products on LIC’s site. You pay only once, earn guaranteed additions for a defined period and then get lifelong income options plus life cover, making it suitable for lump‑sum investors seeking long‑term income and legacy.