Friday, March 20, 2015

LIC’s JEEVAN SANGAM

Dear sir/madam

                         Iam  extremely happy to inform you, as our esteemed policy holder, of the introduction of  LIC’s JEEVAN SANGAM – an ideal Single Premium Insurance-cum-Investment Plan  ( Plan No 831).

Salient Features of the Plan:

ü      Minimum Entry age                               :  6 yrs completed
ü      Maximum Entry age                               :  50yrs (nearer birthday)
ü      Mode of premium payment                   :  Single Premium only.
ü      Minimum Maturity Sum Assured         :  Rs.75000.00
ü       Maximum Maturity Sum Assured        :  No upper limit on maximum sum
                                                                           assured. (Sum assured in multiples
                                                                           of 10000)
ü      Policy term                                               :  12 yrs.
ü      Attractive rebate in premium available for  Maturity Sum Assured above 2 lakhs.

ü      Benefits:  (1) Maturity Benefit         :  Maturity Sum Assured alongwith
                                                                                  Loyalty additions, if any.

(2) Death Benefit (Amount of Insurance Cover) 

                              (a)   On Death during the first 5 policy years

              Before Life Assured attaining 8 yrs  -  Refund of Single 
              premium excluding Taxes and extra premiums, if any.

             After Life Assured completing 8 yrs -   Basic Sum Assured
                                  equal to 10 times the tabular Single Premium.

(b)     On Death after 5 yrs but before maturity date:  Basic sum
                                        Assured (10 times the tabular Single Premium) + Loyalty
                                             additions, if any.

    
ü      Income Tax rebates:

Single premium paid is eligible for tax rebate u/s 80C of Income Tax Act.
Both the Maturity and Death Benefits are fully exempt from tax as per
Section 10(10D) of Income Tax Act.

ü      Loan facility is available after 3 months from the commencement of policy.
ü      Can be used as collateral security for Housing and Educational Loans.
ü      Provides for a High Insurance Cover for a relatively low Single Premium.


The premium payable and the benefits available on your valuable life for different maturity sum assured are quoted below:



Your Date of Birth as per our records-

25-05-1971


Single premium payable


Maturity Benefit (fully exempt from tax u/s 10(10D)


Amount of premium eligible forTax rebate u/s 80C


Death Benefit  (Insurance Cover)
On death during the first 5 years
On death after 5 yrs but before maturity date.
Single Premium for 2 lac Sum Assured

131275
200,000 + Loyalty additions, if any.

131275

1303400
1303400
+ Loyalty additions, if any.
Single Premium for  5 lac Sum
Assured

325610
500,000 + Loyalty additions, if any.

150000

3258500
3258500
+ Loyalty additions, if any.
Single Premium for 10 lac Sum Assured.

651220
10,00,000 + Loyalty additions, if any.

150000

6517000
6517000
+ Loyalty additions, if any.


Please note that the policy is available ONLY FOR A LIMITED PERIOD.

I will be glad to assist you in the process of investment and  request you to contact me in any of the below-mentioned phone numbers to take out a Jeevan Sangam policy on your/ your children’s life and to grab this golden opportunity to get maximum tax savings  for the year alongwith assured returns :
Assuring you of our best services always,

Regards,

S K AJITHKUMAR
CHIEF LIFE INSURANCE ADVISOR
L I C OF INDIA
AMRUTHA TOWER
NEDUMANGAD 695541
MOB 9447341718