LIC'SJeevan Sangam T-831
Today LIC has launched , Non -linked,
With-Profits & ; Single premium closed ended plan.
This plan is
available for 90 days Only i.e; between 4th March,2015 to 04-06-2015 90 days only.
Highlights:-
Guaranteed Return
(MSA) + Loyalty addition on maturity
Any time surrender
option & higher surrender value
Premium paid is
eligible for rebate under 80(C)
High levels of
death cover during the policy term.
Option to choose
Maturity Sum Assured.
Premium will
depend on Maturity Sum Assured & Age of Life Assured..
Minimum age at entry
> 6 years completed.
Maximum age at entry
> 50 years (age near birthday)
Plan Term : 12
Years.
Premium Mode :
Single Premium.
Minimum Maturity Sum
Assure : 75000 and above (In multiples of 10000).
Maximum Maturity Sum
Assure : No Limit.
LIC's Jeevan
Sangam's Loan:-
Loan Facility
available after 3 months of the policy issuance.
LIC's Jeevan
Sangam's maturity benefits:-
On the Life Assured
surviving to the end of the policy term, the Maturity Sum Assured
along with Loyalty Addition, if any, shall be payable.
LIC's Jeevan
Sangam's death benefits :-
On death during
first five policy years:
Before the date of
commencement of risk:
Refund of single
premium excluding service tax and extra premium, if any, without
interest.
After the date of
commencement of risk:
Basic Sum assured
i.e. 10 times the tabular single premium shall be payable.
On death after
completion of five policy years but before the stipulated Date of
Maturity:
Basic Sum assured
i.e. 10 times the tabular single premium along with Loyalty addition,
if any, shall be payable The Tabular single premium mentioned above
does not include any extra premium or taxes and is before applying
any rebate.
LIC's New Jeevan
Sangam's - Surrender Value:-
The policy can be
surrendered at any time during the policy term . Guaranteed Surrender
Value:
The Guaranteed
Surrender Value shall be as under:-
» First year: 70%
of the Single premium paid excluding extra premium and taxes, if any.
»Thereafter: 90% of
the Single premium paid excluding extra premiums paid and taxes, if
any.
Special Surrender
Value: SSV is payable if it is higher than GSV .
Documents Required:-
1.Proposal Form No
300 and 340.
2 1.Passport size
Photograph (Proposor) * latest
3.Your ID Proof
(Passport, Driving Liciences, PAN, Voter ID)
4. Your Age Proof
(Passport, School Certificate, Driving Liciences, PAN, Voter ID)
5.Address Proof
(Passport,Driving Liciences, PAN, Voter ID Adhara Card)
6. Medical
Reqiurment If any,
