LIC’s Jeevan Sugam (Plan No.813)
Available for a limited period of 25 Feb.2013 up to 45 days (Closed on April 10, 2013)
Sugam Jeevan Features
• A 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 the Life Assured
• In case of death during the first 5 years: Basic SA (IE10 times of single premium policies) excluding extra premium.
• In case of death after completion of 5 years: Basic SA (ie 10 times of single premium policies) excluding extra premium with loyalty addition, if any.
Loan: YES. Loan is available under this plan in the realization of control. Up to 60% of the surrender value Interest 10.5% per year
Surrender: YES. The policy may be surrendered for cash
First year: 70% of the single premium excluding extra premium, if applicable.
Then: 90% of the purchase price excluding additional
Eligibility and LIMITATIONS
• Minimum age at entry: 8 years (rounded)
• Maximum age at entry: 45 years nearer birthday
• Policy Term: 10 years.
• Min SA Duration: Rs. 60,000 / -
• Maximum Sum assured: No limit
• Premium Mode: Single
• Assured Minimum amount in multiples of Rs.5, 000 / – only.
Discounts: Large sum assured discount on tabular premium per thousand Maturity Sum Assured
What is amazing in this Sugam Jeevan Plan
1. Premiums are very low
2. attractive returns
3. Insurance and Double Plus
4. Tax free Maturity / Death Benefit
5. Loyalty Additions at maturity
6. loan
7. Surrender facility
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 |
ABC |
||
|
TERM 10 YEARS | MATURITY SA 200000 |
|||
|
AGE |
SING. PREM. |
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 |
