LIC Jeevan Sugam Insurance Plan – Review
Last week India’s largest insurance company, LIC has launched a single premium insurance plan, Jeevan Sugam Insurance Plan. In this article, we would discuss about the key features of this LIC Jeevan Sugam insurance plan, Benefits, risks and to whom this insurance plan is best suitable for.
LIC Jeevan Sugam Insurance Plan
LIC Jeevan Sugam is a non linked single premium insurance plan. This insurance plan is close ended and is available for a limited time only.
Key features of LIC Jeevan Sugam insurance plan
Jeevan Sugam insurance plan is a single premium insurance plan where the risk cover is there up to 10 times the single premium paid. Maturity amount equals to maturity sum assured along with loyalty additions (if any).
Also read: Top Health insurance plans in India for Parents / Seniors
Eligibility, terms and conditions:
- Minimum age entry: 8 years
- Maximum age entry: 45 years
- Death sum assured: 10 x single premium (< 5 years from policy date) and 10 x single premium + loyalty additions (if any) after 5 years from policy date
- Minimum maturity sum assured: ₹ 60,000
- Maximum maturity sum assured: No limit
- Policy term: 10 years
- Premium: Single premium
Benefits of LIC Jeevan Sugam Insurance Plan
Death Benefits:
On death within 5 years from the date o