<p><strong>LIC Jeevan Sugam</strong> (Table No. 813) is the latest addition to a single premium investment plan in LIC&#8217;s portfolio. This is a non-ULIP guaranteed maturity plan. Â Anyone between 8 years to 45 years of age can invest in this <a class="rank-math-link" href="https://mypaisa.in/ulip-insurance-how-it-works/">insurance cum investment plan</a>. The plan term is 10 years, but you can surrender it anytime or even you can take a loan on the policy the next day itself at an attractive rate. Plan no.813 is suitable for anyone who needs a guaranteed return along with high-risk cover without any market risk, unlike other <a class="rank-math-link" href="https://mypaisa.in/ulip-plans/">ULIP</a> based investments.</p>



<p><span style="text-decoration: underline;">Jeevan Sugam</span> ;Offer period: 25 Feb 2013 to 10 April 2013</p>



<p><strong>Features at glance:</strong></p>



<ul class="wp-block-list"><li>Guaranteed Maturity Sum Assured</li><li>Single-Premium with No maximum restrictions</li><li>Loyalty addition, if any</li><li>High-risk cover</li><li>Easy liquidity: Loan available from the second day</li><li>Plan for every age 8-45</li><li>Tax benefit u/s 80C and <a href="https://mypaisa.in/income-tax-benefits-for-life-insurance-plans/">Maturity Tax-free</a> maturity u/s 10(10)D</li><li>Term: 10 years</li></ul>



<p><strong>Benefits:</strong></p>



<p><strong>Maturity Benefit:</strong> Maturity Sum Assured along with Loyalty Additions if any.</p>



<p><strong>In case of Death of policyholder before Maturity</strong></p>



<ul class="wp-block-list"><li><span style="text-decoration: underline;">Death within 5 years</span>: Basic Sum Assured (10 times of <a href="https://mypaisa.in/lic-jeevan-vaibhav/">Single premium</a>) excluding extra premium.</li><li><span style="text-decoration: underline;">Death after 5 completed years</span>: Basic Sum Assured (10 times of Single premium) excluding extra premium with loyalty addition, if any.</li></ul>



<p><strong>Eligibility conditions and other restrictions:</strong></p>



<ul class="wp-block-list"><li>Minimum Entry age: 08 years (completed)</li><li>Maximum Entry age: 45 years (Nearest birthday)</li><li>Maturity sum assured: Min. Rs.60,000/- No maximum Limit</li></ul>



<p><strong>Guaranteed Surrender value: GSV</strong></p>



<ul class="wp-block-list"><li>First-year: 70% of single premium excluding extra premium paid if any.</li><li>Second-year onward: 90% of single premium excl. extra premium, if any.</li></ul>



<p><strong>Liquidity:</strong><br />You will be eligible to take a loan on your Jeevan Sugam policy from the next day onward. The loan value will depend on your premium.</p>



<ul class="wp-block-list"><li>Loan on the first year: 42% of the premium paid.</li><li>Subsequent year: 60% of surrender value.</li></ul>



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<p class="has-text-align-center"><strong><span style="color: #ff0000;">Update: Jeevan Sugam Plan No. 813 Has Been Discontinued.</span></strong></p>



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This post was last modified on March 22, 2021
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