LIC’s Jeevan Sugam Plan No.813

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 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

ELIGIBILITY CONDITIONS AND RESTRICTIONS

  • 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
jeevan sugam plan no 183

Jeevan Sugam Plan no 183

CLOSED ENDED PLAN  JEEVAN SUGAM (PLAN NO 813)
LAST DATE 31.03.2013 (SINGLE PREMIUM PRODUCT)
Min Age at Entry 8 years completed
Max Age at Entry 45 years (nearest birthday)
Min Maturity Sum Assured Rs. 60000/-
Max Maturity Sum Assured NO LIMIT
POLICY TERM 10 YEARS
MSA IN MULTIPLE OF RS. 5000/-
Benefits
Maturity Benefit Maturity S.A. (As per Colum Maturity SA) + Loyalty Addition.
Death Benefits Death during first five policy years = BASIC S.A.Death after completion of five policy years= BASIC S.A.  +LOYALTY ADDITION

Rebates
Maturity S.A. INCREASE IN MSA
Below Rs 1,50,000 NIL
Rs. 1,50,000 to
Rs. 3,99,999
3.50%
Rs. 4,00,000 and above 4.50%

CHART OF JEEVAN SUGAM PLAN

NAME OF LIFE ASSURED
XYZ
TERM   10 YEARS | MATURITY SA 200000
AGE
SING. PREM.
(INCLUDING SERVICE TAX)
BASIC SA AFTER DEATH
MATURITY SA
8
110162
1068600
207000
9
110492
1071800
207000
10
110873
1075500
207000
11
111337
1080000
207000
12
111791
1084400
207000
13
112203
1088400
207000
14
112543
1091700
207000
15
112853
1094700
207000
16
113131
1097400
207000
17
113389
1099900
207000
18
113615
1102100
207000
19
113822
1104100
207000
20
113997
1105800
207000
21
114141
1107200
207000
22
114265
1108400
207000
23
114378
1109500
207000
24
114492
1110600
207000
25
114615
1111800
207000
26
114770
1113300
207000
27
114966
1115200
207000
28
115224
1117700
207000
29
115564
1121000
207000
30
116007
1125300
207000
31
116584
1130900
207000
32
117327
1138100
207000
33
118203
1146600
207000
34
119203
1156300
207000
35
120368
1167600
207000
36
121718
1180700
207000
37
123285
1195900
207000
38
125120
1213700
207000
39
127254
1234400
207000
40
129759
1258700
207000
41
132677
1287000
207000
42
136099
1320200
207000
43
140223
1360200
207000
44
145233
1408800
207000
45
151316
1467800
207000

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