<p>The lifecycle of hallucination in LLMs is a concept that enables building solid frameworks on the control and reliability of LLMs in high-stakes environments, including health, legal, and scientific research. Although previous surveys have primarily focused on detection or mitigation, this survey provides a lifecycle-based overview of the hallucinations in the LLMs, their cause, detection, mitigation, and prevention. We propose a threefold categorization of hallucinations across the LLM lifecycle: data-related, training-related, and inference-related, which is consistent with the lifecycle of the development of the LLM. Each of these stages is discussed regarding the cause of hallucinations, their detection, and the ways they can be addressed under specific mitigation or prevention interventions. In addition, we discuss the available benchmark data using a number of parameters so as to establish their suitability in identifying, restricting and managing hallucinations. The survey provides researchers and practitioners with a standardized framework to understand, diagnose, and cure hallucinations in a systematic system to present actionable data to build safer and more reliable LLMs.</p>