LIC’s Jeevan Sugam Plan 10 year single deposit scheme
LIC’s C
1. Closed ended plan – available for saleonly for 45 days.
2. 10 year single deposit scheme
3. Non-linked single premium plan
4. Tax free returns.
5. Income tax rebate under Sec.80 C
6. High risk cover – 10 times the deposit made
7. Attractive loyalty additions
8. High liquidity – loan upto 42% of the deposit made available
from the first day of policy
9. Facility of assignment and nomination.
10. Ideal tool to plan for child’s education and marriage.
Maturity Benefit: Maturity sum assured along with loyalty addition
will be paid.
Death benefit: If death occurs during the first five years basic sum assured (10 times the premium excluding extra prm & service tax) will be paid. If death occurs after five years from commencement basic sum assured (10 times the premium excluding extra prm& service tax) along with loyalty addition will be paid.
