LIC Whole Life Plans
Lifetime insurance protection up to age 100 with guaranteed survival payouts, regular pensions, and massive wealth inheritance.
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Table 945
Lifetime Income
LIC Jeevan Umang
8% Guaranteed Annual Income for Life Till Age 100
- Guaranteed 8% annual survival payout for lifetime after PPT
- Life cover continues till age 100
- Maturity lump sum at 100: Sum Assured + Bonuses + FAB
Table 915
Double Cover
LIC Jeevan Anand
Double Death Cover + Endowment Savings for Life
- Endowment maturity payout at end of term
- Additional 100% Sum Assured risk cover for entire life up to age 100
- Simple reversionary bonus + Final Additional Bonus
Table 871
Guaranteed Return
LIC Jeevan Utsav
Guaranteed Additions of ₹40/1000 + 10% Annual Income For Life
- Guaranteed Additions: ₹40 per ₹1,000 SA each year during PPT
- 10% of Sum Assured guaranteed payout every year for life
- Flexi Income option with 5.5% compounding growth on unwithdrawn payouts
Explore Other LIC Policy Categories
Compare options across other life insurance planning categories.
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Endowment Plans
Guaranteed savings with bonus additions
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Money Back Plans
Periodic liquidity payouts every 5 years
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Pension & Annuity Plans
Guaranteed lifelong retirement pension
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Term Assurance Plans
Pure life protection at minimal cost
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Frequently Asked Questions about Whole Life Plans
Learn how whole life plans work, bonus declarations, tax rules, and claim procedures.
Q1: What is a Whole Life Insurance Policy?
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A Whole Life policy covers the policyholder for their entire lifetime (typically up to age 100). Unlike term or endowment plans that end after 15 to 25 years, whole life policies offer lifetime peace of mind and regular guaranteed income.
Q2: How does LIC Jeevan Umang provide income for life?
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Under Jeevan Umang (945), after completing the premium paying term, LIC pays 8% of the Basic Sum Assured annually into your bank account until age 99, plus a lump sum maturity at age 100.
Q3: What happens when a whole life policyholder turns 100 years old?
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The policy matures, and the full Basic Sum Assured + accrued bonuses + Final Additional Bonus (FAB) is paid to the policyholder.
Q4: Can I take a policy loan against a Whole Life plan?
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Yes. Loans are available after 2 consecutive years of premium payments, up to 90% of the surrender value.