Jeevan Sangam Single Premium Plan (Table No 831) 11

Jeevan Sangam is a close ended plan which will be open for 90 days

Jeevan Sangam Plan is a non linked, with profit, Single Premium plan which provides high level of death cover during the policy term.

Benefits of Jeevan Sangam Plan (Table No 831):

  • Death Benefit:
    • On Death during first five years of policy
      • Before the date of commencement of Risk – Refund of single premium excluding service tax and extra premium, if any without interest
      • After the date of commencement of Risk –  Basic sum assured, i.e. 10 times of tabular single premium shall payable.
    • On Death after completion of five years of policy but before the maturity date – Basic sum assured, i.e. 10 times of tabular single premium with loyalty addition shall payable if any.
  • Maturity Benefit : Maturity sum assured with loyalty addition.
  • Loyalty Addition : This plan is eligible for share of surplus (Profits) in the form of loyalty addition.

Eligibility Conditions and Restriction : 

  • Minimum age at entry > 6 years (Completed)
  • Maximum age at entry > 50 years (age near birthday)
  • Policy Term > 12 yrs
  • Minimum Sum Assured > 75,000 ( Will be multiple of 10,000)
  • Maximum Sum Assured > No limit
  • Mode of Premium Payment >  Single

Surrender Value : 

  • First Year –  70% of single premium paid excluding service tax and extra premium paid
  • Thereafter – 90% of single premium paid excluding service tax and extra premium paid

RebatesHigh Maturity Sum Assured Rebate:

Maturity Sum Assured (M.S.A) chosen under the policy Reduction in Tabular premium (per Rs. 1000/- Maturity Sum Assured)
Below Rs.2,00,000 Nil
Rs.2,00,000 to Rs. 3,90,000 Rs. 15.00
Rs.4,00,000 and above Rs. 20.00

LoansLoan facility shall be available under the plan at any time during the policy term after three months of the policy issuance subject to the following conditions:

  • Depending on the age at entry, the maximum loan that can be granted as a percentage of Surrender Value (S.V.) for different policy years in which the loan is applied is as under:
 Policy year  maximum Loan Amount as a % of surrender value for age at entry <=45 maximum Loan Amount as a % of surrender value for age at entry >45
*3 month  to 3rd 55% 40%
4th  to 6th 70% 45%
7th  to 9th 80% 65%
10th  to 12th 90% 90%

*3 month means loan can be availed after three months of the policy issuance.

  • The rate of interest to be charged on loans granted under this plan would be determined from time to time by the Corporation.
  • In case the policy shall mature or becomes a claim by way of death, the Corporation shall become entitled to deduct the amount of the loan or any portion thereof which is outstanding, together with all outstanding interest from the policy moneys.
  • No foreclosure action should be taken under this plan even if there is a default in payment of loan interest. However, any loan outstanding along with the interest shall be recovered from claims proceeds at the time of exit.

Suicide ClauseThe policy shall be void if the Life Assured (whether sane or insane at the time) commits suicide at any time within 12 months from the Date of Commencement of Risk, an amount which is higher of 90% of the single premium paid (excluding taxes and extra premium, if any) or Surrender Value shall be payable. The Corporation will not entertain any other claim under this policy.

This clause shall not apply in case of Life Assured whose age at the time of entry is below 8 years.

Jeevan Sangam Ttable No 831 - hindi

Jeevan Sangam Ttable No 831 – hindi

Jeevan Sangam Plan no 831

Jeevan Sangam Plan No 831

11 thoughts on “Jeevan Sangam Single Premium Plan (Table No 831)

  1. Reply plans details Mar 4,2015 8:43 AM

    sir,

    we have requires details info of all the lic s plan which are till running best way give brief details\

    thanks ”

    ravindra

    9892046821/8108466123

  2. Reply ajay Mar 9,2015 11:46 AM

    please detail provide jeevan sangam policy sum assured 3lac but maturity 10 year total and accidental benifit cell no. 9569525172

  3. Reply Chandra Shekhar Mar 15,2015 4:57 AM

    Hi Ravindra,

    This is a good plan to invest money in a single preminus for long time with higher risk cover.

    For more details you can reach me on 8557842385

  4. Reply Bristi Mar 18,2015 5:19 AM

    Pls give me the premium amount for 3lac maturity value at the age of 34 years old person.

    Bristi

  5. Reply manjur khatri Mar 19,2015 12:46 PM

    tell me detail of plan 831 single premium.

    • Reply chinnaswamy Mar 25,2015 11:47 AM

      dear madam,
      this is the 12 year plan and minimum age at entry is 6 years completed child and the last age at entry is 50 years

      minimum sum assured is 75000
      maximum sum assured is no limit

      this is the best single premium plan as of now.

      even you can avail loan before the maturity.
      the maturity claim is Maturity Sum Assured + loyalty addition
      Death benefit is 10 times the tabular premium.

  6. Reply Amit Mar 31,2015 11:37 AM

    singal premium mean

  7. Reply U.R.V.RAMANA RAO Apr 2,2015 1:32 PM

    Dear sir,
    I am around 54 years of age and I want one time latest policy with profits and covers life risk.Recently I got maturity amount of LIC policy 670714891 from Gajuwaka branch,Visakhapatnam,AP.
    Now I am not having any other policies.I am working as Manager in POWER GRID CORPORATION OF INDIA LIMITED,Harsud Road,Khandwa,(MP)and I am having almost 7years of service.
    Pl.advice accordingly the best available new policies.
    Regards,
    (U.R.V.Ramana Rao)
    Mgr/POWERGRID/Khandwa-450001,MP,
    Contact no: 9425409508.

  8. Reply sunny Jul 7,2015 11:13 AM

    hello sir..

    can you send me the proper report of this policy. on my email id

    thanks
    sunny kumar

    cool.sunny058@gamil.com

  9. Reply Gagan Deep Singh Jul 9,2015 11:44 AM

    This is a good plan to invest money in a single preminus for long time with higher risk cover.

    For more details you can reach me on 7042646810

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