Tag Archives: maturity calculator for lic jeevan sugam

Posted by:V.K. sharma, February - 22 - 2013

                                           GUARANTEED MATURITY SINGLE PREMIUM  

             (Close ended planavailable till 10 April 2013 Tax rebate as per rules, Best for Children)

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LIC JEEVAN SUGAM is another product in the bouquet of Single Premium plans of LIC. This plan is going to launch on 25th Feb 2013.

Unique Selling Features:

1. LIMITED PERIOD: CLOSE ENDED PLAN available only for 45 days from 25th Feb 2013

2. MATURITY BENEFIT: Guaranteed Maturity Sum Assured (GUARANTEED) + Loyalty addition.

3. One time investment with NO UPPER LIMITED


If Death occurs with in 5 years, 10 times of the premium paid (excluding any premium any)

If Death occurs after 5 years, 10 times of the premium paid + Loyalty Addition.

5. EASY LIQUIDITY: Loan/SV available immediately after taking policy.

Guaranteed Surrender Value:

a) First year: 70% of the single premium excluding extra premium, if any.

b) Thereafter: 90% of the single premium excluding extra premium, if any

6. Plan available for children aged 8 years & Above but equal to 45 years of age (nearest B Day)

Eligibility Conditions:

Minimum age Entry:                  8 years completed

Maximum age Entry:                 45 years ( Nearest B day)

Policy Term:                               10years

Mode of premium payment:   Single Premium

Maturity Sum Assured:           Minimum – Rs 60,000(Max – No upper limit)

Increased Maturity for higher maturity sum assured

Maturity Sum Assured                          Increase in maturity sum assured

Below Rs 150,000                                   Nil

Rs 150,000 – Rs 399,999                       3.50%

Rs 400,000 and above                           4.50%


Form no. 300 for 18years and 18years above and Form no. 340 for age 8years to 18years.

The service tax 3.09% will be applicable on the single premium.

Loan will be available on this policy from day 1 @ 10.45% compounded half yearly.

Back dating is possible in the same financial year and the interest to be charged @10 % p.a.

Download Yield Calculator for 813-YIELD CALCULATOR

Download Pamphlet for Sugam Phamphlet

Download ready Premium Chart for Jeevan sugam ready premium chart

Download Power point presentation for Jeevan Sugam ppt

Watch the video Below (in Hindi) How LIC JEEVAN SUGAM works?



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