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Jeevan Sangam

This plan is no longer available.
Please choose from other LIC plans below:

*** To buy a new LIC plan call Vikas 99111-70785 ***

Jeevan Sangam (This plan is withdrawn)

Jeevan Sangam (Plan No. 831)

LIC's Jeevan Sangam is a single premium, savings cum protection plan.  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 is open for only 90 days from the launch date
  • The term of this plan is 12 years
  • Risk cover is ten times of the basic single tabular premium
  • Loan can be taken against the policy
  • Tax benefit (u/s 80C and u/s 10D) 

Eligibility Conditions

Minimum age at entry
6 years
Maximum age at entry
50 years
Policy Term  
12 years
Minimum Maturity Sum Assured
Rs 75,000/-
Maximum Maturity Sum Assured
No higher limit
Mode of Payment
Single Only

Tax Benefit

U/S 80 C  : Premiums paid under this plan are eligible for tax rebate u/s 80C. 

U/S 10(D) : Maturity Returns / Death claim amount is also tax free u/s 10 (D)

Commencement of Risk

For Life Assured less than 8 years: In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age.

For Life Assured aged 8 years or more: For those aged 8 years or more, risk will commence immediately.

Possible Events during policy duration

On Death before commencement of risk
If the policy holder dies before the commencement of risk, refund of single premium paid excluding the extra premium and service taxes is made to the nominee.

On Death after commencement of risk
In case, the policy holder dies after the commencement of risk, nominee will get following, and the policy will terminate after that.
1. 10 times of tabular single premium (excluding taxes)
2. Loyalty Additions (if any)

On Maturity
On Maturity, the Maturity Sum Assured along with the loyalty additions is payable 

Loyalty Additions

Depending upon the Corporation’s experience, the policy shall participate in the profits in the form of Loyalty Addition. The Loyalty Addition, if any, shall be  payable on death or surrender, provided the policy has run for atleast  five policy years, or on policyholder surviving to the maturity, at such rate and on such terms as may be declared by the Corporation.

Understand Jeevan Sangam with an example

Mrs. Preety aged 30 years, plans to take Jeevan Sangam Plan for herself. She chooses the Maturity Sum Assured of Rs 1,00,000.00 (Rupees One Lakh only).
She is required to pay a single premium of Rs 49,860.00 (Rupees Forty Nine Thousand Eight Hundred and Sixty only).

Possible Events

Commencement of Risk
The risk cover on Preety's life will begin immediately because she is above 8 years of age.

On Death
If Preety dies during the policy term, her nominee will receive 10 times of single tabular premium (excluding taxes) + Loyalty additions (if any). After this, the policy will terminate.

On Survival till maturity
If Preety survives till the end of policy term, she will get the Maturity Sum Assured along with the Loyalty Additions (if any).

*** To buy a new LIC plan call Vikas 99111-70785 ***

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