Millennium Post

LIC launches its crack Jeevan Sangam scheme

LIC’s Jeevan Sangam is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium. The proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured and age of the life assured. The plan will be open for sale for a maximum period of 90 days from the date of launch

This Single Premium plan is available from Ages 6 years to 50 years with certain conditions. In case the age at entry of the Life assured is less than 8 years, the risk under this plan will commence from one day before the policy anniversary coinciding with or immediately following the age of 8 years. For those aged 8 years or more, risk will commence immediately.

This Single Premium plan is has Policy term of 12 years. The Minimum Maturity Sum Assured is Rs. 75,000/- and higher maturity Sum Assured shall be in multiples of Rs. 10000 with no Maximum Sum Assured limit.
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