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Features of LIC Jeevan Sangam :
• This is a Single premium investment plan for 12 years with both Death and Survival Benefits.
• Maturity returns will be provided on the completion of 12 years.
• Life cover will be provided to the insured person equal to 10 times the single premium paid. So, a high insurance cover can be availed at a low cost under this policy

LIC Jeevan Sangam Eligibility Conditions :

Minimum

Maximum

Sum Assured (in Rs.) 75,000 No Limit
Policy Term (in years) 12 yrs
Premium Payment Term(in years) Single Premium
Entry Age of Life Insured 6 50
Age at Maturity 18 62
Payment modes Single Premium

Benefits of LIC Jeevan Sangam :
Maturity Return – Sum Assured with Loyalty Additions (if any) will be paid on the maturity of the policy.

Death Benefit – On death of the life insured

· within the first 5 years of the policy term, Basic Sum Assured (ie 10 times the single premium) will be paid to the nominee.
. during the policy term after the completion of five policy years,  Sum Assured on Death ( ie 10 times the single premium) with Loyalty Additions (if any) will be paid to the nominee

Income Tax Benefit – Available under Section 80 C for premiums paid and Section 10 (10D) for Maturity returns
Loan on Policy - Available after three months.
Housing Loan Surity - Not Available

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This policy has been withdrawn by LIC.


LIC Jeevan Sangam

LIC Jeevan Sangam (Table 831) is a Single Premium policy with a duration of 12 years. Premium needs to be paid one time and maturity returns will be paid at the end of 12th year.
The insured person will be provided an insurance cover equal to 10 times the single premium paid under this policy.

Service Tax is applicable on the single premium paid, at the rate of 3.09% of the premium.