GUARANTEED MATURITY SINGLE PREMIUM  

             (Close ended plan,  available 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

4. DEATH BENEFIT:

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%

Miscellaneous:

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

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

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