lic`s new plan launch 25 february 2013 (JEEVAN SUGAM-Plan No 813)


  1. closed ended plan-available for sale only for 45 days
  2. 10 years single deposits scheme
  3. non-linked single premium plan
  4. tax free returns
  5. income tax rebate under sec.80c
  6. high risk cover – 10 times the deposit made
  7. attractive loyalty additions
  8. high liquidity – loan up to 42 % of the deposit made available from the first day of the policy.
  9. facility of assignment and nomination
  10. ideal tool to plan for child`s education and marriage.

maturity benifit: maturity sum assured along with loyality addition

will be paid.

  • death benifit: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.

plan parameters:

minimum entry age: 8 years (completed)

maximum entry age:45 years (nearest birthday)

mode of premium payment:single premium

minimum maturity sum assured : Rs:60,000

maximum maturity sum assured : no limit

policy term : 10 years

maturity sum assured shall be in multiple of Rs:5000

benifit illustration:

age:30 years- maturity sum assured : Rs:60,000- deposit :Rs:33,759

maturity benifit:

maturity sum assured Rs:60,000

loyality addition:Rs:7,200

total :Rs:67,200

death benifit:

after 5 years: Rs:3,37,590

after 5 years:Rs:3,37,590 + layality addition.

note: scheme will start :25th february 2013

            scheme will close for sale on :10th april 2013.



contact: P.MOHAN,CHIEF LIFE INSURANCE ADVISOR,TAMILNADU, CELL:094428-29310, 075988-17281 OFFICE:04652-403310.

{ 6 comments… add one }

  • JOGINDER GOYAL February 24, 2013, 7:34 am

    your presentation is good, but u have calculated loyality addition from you have calculated it is assure or on

  • DEBU BOSE February 24, 2013, 7:54 am

    Respected Mohan Sir, kindly let me know whether entire ist premiun is eligible for tax exemption or 20% thereof


    • admin March 12, 2013, 11:45 am

      ncome Tax Benefit – Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.

  • jayant bhatt February 25, 2013, 5:10 pm

    good plan

  • Tankeswar deori February 26, 2013, 4:55 am

    I want to investment 60000 how much profit after 10 years

    • admin February 27, 2013, 10:34 am

      30 age invest amount 60,ooo double Rs:120,000 maturity risk cover :600,000


Leave a Comment