LIC JEEVAN SANGAM PLAN

JEEVAN SANGAM

Close-ended, Non-linked, With-profits, Single Premium Plan No.831 launching on 4th  March 2015 for a maximum period of 90 days.

ELIGIBILITY CONDITIONS-

Minimum Entry Age= 6 yrs completed;
Maximum Enrty Age= 50 yrs nearer birthday;
Minimum Sum Assured= Rs.75,000/- (in multiples of Rs.10,000/-);
Maximum Sum Assured= No limit;
Policy term= 12 yrs fixed;

DATE OF COMMENCEMENT OF RISK-

a) for age 7yrs nearer birthday= Risk will commence from policy anniversary coinciding with or immediately following age 8 yrs ( nearer birthday);
b) for those aged 8 yrs nearer birthday or more= Risk will commence immediately.

MATURITY SUM ASSURED = Sum Assured + Loyalty Addition, if any.

DEATH SUM ASSURED= 

a) Before commencement of risk= Refund of SP, excluding service tax & extra premium, if any;
b) After Commencement of risk, within 5 yrs of DOC= Basic SA, ie 10 times of tabular SP;
c) After 5 yrs of DOC= Basic SA, ie 10 times of tabular SP + Loyalty Addition, if any.

SUM ASSURED REBATES-

a) Below SA Rs.2 Lacs= Nil;
b) SA Rs.2 Lacs to Rs.3.90 Lacs= Rs.15/- per %0 MSA;
c) 4 Lacs and above= Rs.20/- per %0 MSA.

SURRENDER VALUE=

Can be surrendered any time after realisation of cheque. GSV or SSV whichever higher payable.

LOAN= Available after 3 months from DOC.

HAVE A WONDERFUL LAUNCHING OF JEEVAN SANGAM