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Plan Number: 831

Plan name: LIC's Jeevan Sangam

It is a non-linked, with-profit, Single premium plan which provides for high level of risk cover during the term and Maturity sum assured along with loyalty addition if any.
Prospects between the ages of 6 years (completed) to 50 years (near birthday) can be insured.
Loan facility available after three months.
Back dating, assignment and nomination facilities available.
The premiums paid qualify for rebate under Sec.80C and the maturity proceeds are tax free under Sec.10 (10)(D).


Maturity Benefits:
On life assured surviving to the end of the policy term  Maturity Sum assured along with Loyalty addition (if any) shall be payable.


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. Date of commencement of risk: In case the age at entry of the Life assured is less than 8 years nearer birthday, the risk under this plan will commence from one day before the policy anniversary coinciding with or immediately following the age of 8 years (nearer birthday).


After the date of commencement of risk: Basic Sum assured i.e. 10 times the tabular single premium shall be payable.


On death during the policy term 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. The Tabular single premium mentioned above does not include any extra premium or taxes and is before applying any rebate.


Table No. 831 :

High Maturity Sum assured rebates
Age at Entry
6 to 50 years
Sum Assured
Age at Maturity
Minimum 18 years    Maximum  62years
below Rs.2,00,000
Policy Term
12 years
2,00,000 to 3,90,000
Premium mode
Rs.4,00,000 & above
Maturity Sum Assured
Minimum:Rs.75,000 and in multiples of Rs.10,000 Maximum: No limit





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