LIC Launches Single Premium Based Jeevan Sugam Policy

LIC Launches Single Premium Based Jeevan Sugam Policy


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By Snehalatha, Udupi
Bellevision Media Network

Udupi, 27 Feb 2013: Life Insurance Corporation of India (LIC) has released Jeevan Sugam policy; new policy based on single premium, said N S Shirahatti, Udupi division senior manager.


 
Addressing the media persons here on Tuesday February 26, Shirahatti said that the money invested in Jeevan Sugam policy will be doubled in ten years.  The policyholder will get a percentage of profit at the time of maturity.  In case of premature death, ten times of premium will be paid to the family of policyholder, said Shirahatti.

 


 
The last date to apply for this policy will be March 31.  The minimum premium payable will be Rs 30,000 and people between the age group of 8 to 45 years can apply.  The policyholder can avail loan to the extent of 60 percent of premium payment.  In case of surrendering the policy earlier, the premium amount applicable up till can be encahsed, added Shirahatti.


 
In case of death of policyholder after 5 years, ten times the premium amount including profit will be paid.  If the policyholder surrenders the policy after nine years, the accrued policy amount including profits will be paid, said Shirahatti.

 

 

Comments on this Article
SURESH, SIRUGUPPA Wed, December-11-2013, 1:54
i want invest 30000 Rs at a time.any policy is their please help me.
saidul islam, west Bengal/bangalore Thu, October-3-2013, 12:39
i want invest 30000 Rs at a time.any policy is their please help me.
Ritesh Verma, Nagpur Thu, September-26-2013, 5:13
If i invest 30,000 than maturity after 10 to 15 years ? If policyholder died than amount will be 30,00,000 please confirm
brishketu jha, bhagalpur Tue, July-30-2013, 2:43
Suppose I invest 60.000.00 my age is 25years what will be the approx maturity amount. Is the maturity amount ofter 10years will be fully tax free or not.
Syed.Mahmood, Tuticorin Tue, June-18-2013, 5:47
Is This policy is available now. if it is thre what is the meturity value after 10 years
Saravanan, Chennai Thu, June-6-2013, 5:50

Is this policy available now.

SUBHANKAR DAS., SODEPUR Wed, June-5-2013, 5:42
SUPPOSE I INVEST 25000 THEN WHAT IS THE MATUIRITY VALUE AFTER 15 YEARS
s.l sharma, rudrapur Mon, March-25-2013, 1:35
Please tell me the calculation of maturity of sum assured guarenteed.
chandan, muzaffarpur Sun, March-24-2013, 12:11
What will be the maturity amount after 10 years?
Jayanthi Basani, hyderabad Sat, March-23-2013, 9:33
Suppose I invest 60.000.00 my age is 41years what will be the approx maturity amount. Is the maturity amount ofter 10years will be fully tax free or not.
Sachin y.more, Mumbai Sat, March-23-2013, 6:09

If i invest 40,000 thousand what will be maturity percentage of returns.

SUBHASIS BANERJEE, THANE Wed, March-20-2013, 10:57
What will be the percentage of profit on maturity say for 1 lakh
R.C.Joshi, Muzaffarnagar Wed, March-20-2013, 6:38
suppose i invest 40000.00 my age 32 years my income for 2012-13 is 350000.00 than. 1-what will be the approx maturity amount...... 2-what will be the tax rebate amount from my income 3-Is the maturity amount after 10 years will be fully tax free or not.
K B Polara, Junagadh-362001 Sun, March-17-2013, 10:52
Give detail calculation if fifty thousand is my policy one time
Kisan Khilari, Ambarnath Fri, March-15-2013, 7:23

Please tell me the calculation of maturity of sum assured guarenteed.

vinayak, Roha-Raigad Fri, March-8-2013, 4:51
Document Required. minimum Amount Deport Details Benifit details. Min-max Age daitail required.
Ravindra Badhe, kalyan Sun, March-3-2013, 10:20
Pl.tell me the calculation of maturity of sum assured gaurented.
Vaishli Khairnar, plot no 4 DGP Nagar Nasik 6 Sun, March-3-2013, 4:15
please inform me the amount entitled after investing minimum amount in the scheme i.e. 60000/-
Saikat Basu, Kolkata, West Bengal Fri, March-1-2013, 12:40
Pls tell me the calculation of Maturity Sum Assured.
swapan das, kolkata Thu, February-28-2013, 11:14
it is very poor rate from bank.i have already another policy for risk coverage.give me any product which is better from bank.it may be long time or short time.
Indrajeet Kumar, Patna Wed, February-27-2013, 11:07
Let me know the calculation of Maturity Sum Assured.
Punit Tongia, Indore Wed, February-27-2013, 10:31
Comparing this with Fixed Deposit there are following merits of this scheme: - Tax benefits under Income Tax Act, - Life insurance of 10 times of premium, - Loyalty benefits.
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