LIC'S NEW JEEVAN SUGAM PLAN (TABLE NO 813)
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LIC Jeevan Sugam Table Number 813
LIC Jeevan Sugam tabe number 113 is a single premium Endowment plan for protection and savings wherein life cover is multiple of single premiumThe proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured and age of the life assured.
A percentage of Maturity Sum Assured shall be payable on surviving to the end of the specified durations and on maturity. This plan also takes care of liquidity need through its loan facility. The plan will be open for sale for a maximum period of 90 days from the date of launch.
Basic Sum assured i.e. 10 times the tabular single premium shall be payable.
On death after completion of five policy years:
Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.
A percentage of Maturity Sum Assured shall be payable on surviving to the end of the specified durations and on maturity. This plan also takes care of liquidity need through its loan facility. The plan will be open for sale for a maximum period of 90 days from the date of launch.
- BENEFITS:
- Death Benefit:
Basic Sum assured i.e. 10 times the tabular single premium shall be payable.
On death after completion of five policy years:
Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.
- Survival Benefit: On Life Assured surviving to the end of the specified durations, the following Survival benefit shall be payable.
- At the end of 10th policy year: 15% of the Maturity Sum Assured.
- At the end of 11th policy year: 20% of the Maturity Sum Assured.
- Maturity Benefit:
- Loyalty Addition:
- ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
- Minimum Entry Age : 8 years (completed)
- Maximum Entry Age : 45 years (nearest birthday)
- Minimum/Maximum Basic Sum Assured : 10 times of tabular single premium paid
- Minimum Maturity Sum Assured : Rs. 60,000/-
- Maximum Maturity Sum Assured : No Limit
- Policy Term : 12 years
- Premium payment mode : Single premium only
- SAMPLE PREMIUM RATES:
- LOAN:
- SURRENDER VALUE:
- First year: 70% of the Single premium excluding extra premiums and taxes, if any.
- Thereafter: 90% of the Single premium excluding taxes, any extra premium paid and survival benefits, if paid earlier.
- Tax:
- COOLING- OFF PERIOD:
- EXCLUSIONS:
If the policy is surrendered after completion of five policy years Loyalty Addition, if any, based on surrender value, shall also be payable.
The amount of tax as per the prevailing rates shall be payable by the policyholder on single premium including extra premium, if any. The amount of Tax paid shall not be considered for the calculation of benefits payable under the plan.
- *Conditions apply for which please refer to the Policy document or contact our nearest Branch Office.