Jeevan Sangam is a close ended plan which will be open for 90 days
Jeevan Sangam Plan is a non linked, with profit, Single Premium plan which provides high level of death cover during the policy term.
Benefits of Jeevan Sangam Plan (Table No 831):
- Death Benefit:
- On Death during first five years of policy –
- Before the date of commencement of Risk – Refund of single premium excluding service tax and extra premium, if any without interest
- After the date of commencement of Risk – Basic sum assured, i.e. 10 times of tabular single premium shall payable.
- On Death after completion of five years of policy but before the maturity date – Basic sum assured, i.e. 10 times of tabular single premium with loyalty addition shall payable if any.
- On Death during first five years of policy –
- Maturity Benefit : Maturity sum assured with loyalty addition.
- Loyalty Addition : This plan is eligible for share of surplus (Profits) in the form of loyalty addition.
Eligibility Conditions and Restriction :
- Minimum age at entry > 6 years completed
- Maximum age at entry > 50 years (age near birthday)
- Policy Term > 12 yrs
Minimum Sum Assured > 75,000 ( Will be multiple of 10,000)
Maximum Sum Assured > No limit- Mode of Premium Payment > Single
Surrender Value :
- First Year – 70% of single premium paid excluding service tax and extra premium paid
- Thereafter – 90% of single premium paid excluding service tax and extra premium paid
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