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LIC Jeevan Sugam (Single Premium)


LIC Jeevan Sugam (Table 813) is a Single Premium, non-Unit linked plan launched by LIC on Feb 25, 2013. This policy will be available only for a duration of 45 days till April 10, 2013. The policy term is for a fixed duration of 10 yrs. Premium needs to be paid one time and the returns will be paid at the end of the policy term (10 yrs).

Features of LIC Jeevan Sugam :


• This is a Single Premium plan for a policy term of 10 yrs.
• Provides high Insurance coverage of 10 times of Premium paid.
• Has high liquidity facilities of Loan or Surrender immediately from the next day of buying the policy


LIC Jeevan Sugam Eligibility Conditions :


Minimum

Maximum

Sum Assured (in Rs.) 60,000 No Limit
Premium Payment Term(in years) Single
Entry Age of Policy Holder 8 45
Policy Term 10 yrs


Returns of LIC Jeevan Sugam :


Survival Benefit: Sum Assured with Loyalty Additions will be paid after 10 yrs.

Death Benefit :
On expiry before 5 yrs, 10 times of premium paid will be paid.
On expiry after 5 yrs, 10 times of premiums paid along with Loyalty additions will be paid.

Income Tax Benefit – Available under Section 80 C for premiums paid, under 10 D for returns received.
Loan on Policy - Available immediately from the next day of taking the policy