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LICS JEEVAN SUGAM (PLAN No. 813 ) a close ended plan which would be open for sale from 25th February, 2013 for a maximum period of 45 Days.

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Presentation on theme: "LICS JEEVAN SUGAM (PLAN No. 813 ) a close ended plan which would be open for sale from 25th February, 2013 for a maximum period of 45 Days."— Presentation transcript:

1 LICS JEEVAN SUGAM (PLAN No. 813 ) a close ended plan which would be open for sale from 25th February, 2013 for a maximum period of 45 Days

2 Benefits a) Death Benefit: On death during first five policy years: Basic Sum assured i.e. 10 times the single premium excluding any extra premium charged is payable. On death after completion of five policy years: Basic Sum assured i.e. 10 times the single premium excluding any extra premium charged along with loyalty addition, if any, is payable. b) Maturity Benefit: On the life assured surviving to the maturity date, Maturity Sum Assured along with Loyalty Addition, if any, is payable.

3 Eligibility Conditions and Restrictions a) Minimum Entry Age : 8 years (completed) b) Maximum Entry Age : 45 years (nearest birthday) c) Mode of premium payment : Single premium d) Minimum Maturity Sum Assured : Rs.60000/- e) Maximum Maturity Sum Assured : No Limit Maturity Sum Assured shall be in multiple of Rs. 5000/- f) Policy Term : 10 years

4 Rebates Incentive for higher Maturity Sum Assured by way of increase in Maturity Sum Assured is as under: Maturity Sum Assured Increase in Maturity Sum Assured Below Rs. 150,000 Nil Rs. 150,000 to Rs. 399, % Rs. 400,000 and above 4.50%

5 Commission For Agents / Corporate Agents / Brokers And D.O. Credit Commission to Agents, Corporate Agents and brokers is 2% of the Single premium received. Credit to Development Officers will 5% of the Single premium.

6 Loans Loan facility is available at any time during the policy term under this plan subject to realization of the premium cheque and following conditions: a) Loan can be granted to a maximum of 60% of Surrender Value as on the date of sanction of Loan. Income tax benefit is available under sect. 80 C

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