LIC JEEVAN SUGAM is a new product in the bouquet of Single Premium plans of LIC. LIC JEEVAN SUGAM plan is launched by LIC 25th February 2013. LIC JEEVAN SUGAM is expected to close on 31st March 2013. The basic features of this plan are as follows:
1. IN LIC JEEVAN SUGAM Entry Age is from 8 yrs to 45 yrs.
2. LIC JEEVAN SUGAM is Single premium Plan
3. IN LIC JEEVAN SUGAM the Insurance cover will be 10 times of the premium.
4. The service tax 3.09% will be applicable on the single premium.
5. Loan will be available on this policy from day 1 @ 10.45% compounded half yearly.
5. Term, minimum premium, form no., maturity, back dating, surrender value, underwriting conditions and other miscellaneous conditions are yet to be declared.