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February 23, 2013

Single Premium 10 Times Cover

LIC’s Jeevan Sugam (Plan No.813 )

Available for limited period from 25th Feb.2013 for maximum 45 days (Closing on 10th April, 2013)
Jeevan Sugam Features
  • Single Premium
  • Guaranteed Maturity Sum Assured
  • Loyalty Additions
  • High Risk coverage for 10 years
  • Risk coverage at very low premium
Maturity Benefit : Maturity Sum Assured(i.e 1.76 times of Single Premium) along with Loyalty Additions.

In case of Death of Life Assured
  • On death during first 5 years: Basic SA (i.e.10 times of Single premium) excluding extra premium.
  • On death after completion of 5 years: Basic SA (i.e. 10 times of Single premium) excluding extra premium with loyalty addition, if any.
Loan: YES. Loan facility is available under this plan on realisation of cheque. Maximum 60% of Surrender value Interest 10.5% p.a.

Surrender: YES. The policy can be surrendered for cash
First year : 70% of Single premium excluding Extra premium, if any.
Thereafter : 90% of the single premium excluding extra

  • Min age at entry : 8 years (completed)
  • Max age at entry : 45 yrs nearer birthday
  • Policy Term : 10 years.
  • Min Maturity SA : Rs. 60,000 /-
  • Max Sum assured : No limit
  • Premium Mode : Single
  • Minimum Sum Assured will be in multiples of Rs.5,000 /- only.
Rebates: Large Sum Assured Rebate on tabular premium per thousand Maturity Sum Assured

What is great in this Jeevan Sugam Plan
  1. Premiums are very low
  2. Attractive Yield
  3. Insurance and Double Plus
  4. Tax free Maturity / Death Benefit
  5. Loyalty Additions at Maturity
  6. Loan facility
  7. Surrender facility

1 comment:

  1. Thanks for sharing the great benefit of LIC Jeevan Sugam Plan. I was looking the best information about this plan finally i got from this blog. Please keep update with new information.