Personal Finance Blog India –

LICs Jeevan Sugam – SIngle Premium March End Dhamaka

As per LICs tradition to launch new products in Feb & March,LIC has come up with a new product LIC Jeevan Sugam.Few days back only LIC was come up with couple of new products Viz.Jeevan Nidhi & Flexi plus & now a single premium plan, Jeevan Sugam.

This is a single premium plan which is available for limited period of 45 days from 25th feb i.e its opening date.

Some Key Features Of LIC’s Jeevan Sugam:

  1. Min Age of entry: 08 Yrs completed.
  2. Max Age of entry: 45 Yrs .
  3. Maturity benefit: Sum Assured + Loyalty additions.
  4. Policy term: 10 years.
  5. Policy can be surrendered at any time. Guaranteed surrendered value will be 70% if surrendered within first year & it will be 90% if surrendered after one year.

High sum assured benefit:

High sum assured will result in some higher maturity benefits as shown in table below.Please understand it clearly as one may get impression that suppose for S.A of 2 lakh ,there are 3.5% higher returns..but its not the case.

Maturity sum assured Increase in maturity sum assured
Below 1,50,000/- Nil
Between 150000 /- – 3,99,999/- 3.50%
Between  4,00000 –above 4.50%

Suppose, any one have opt for sum assured of Rs. 5 lakh then at maturity instead of 5 lakh maturity benefits payable will be:

= 5,00,000 * (1+4.5%)

=5,22,500/-+ loyalty additions .

One should take important note that it doesn’t mean that  returns are 4.5% more for sum assured of 5 lakh in above illustration.

Premium rates Illustration – LIC Jeevan Sugam:

Single Premium payable for LIC Jeevan Sugam will be at following premium rate:

Age Sum Assured Premium Payable
10 100000 53,775 + ST
20 100000 55,290 + ST
30 100000 56,265 + ST
40 100000 62935 + ST.

Returns of LIC Jeevan Sugam Plan:

Overall returns will depend on the loyalty benefits awarded at maturity.

Loyality additions are not guaranteed.But we can conclude that returns of LIC Jeevan Sugam will not be more than 6.5 – 7% per annum in case of 30 yr old.

For 40+ year old individuals returns will be much more pathetic.

So as far 80C benefits are concerned,one should prefer to invest in PPF than this plan. Young risk takers can also think for  ELSS schemes as better alternatives.

Link for LIC Jeevan Sugam brochure.

Bottom Line:

Any product you are investing in it should be compatible with your overall saving & investment process.Its meaningless to invest in this plan just because because of safety..rather one should have some concrete plan pointing towards important milestones in the life  & if you think this product have place in your plan then only think to invest in it…isn’t it?


Category: Insurance


5 Responses

  1. Sophie Kinsella says:


    If you are not sure about the guest post, then in that case can we go for link exchange? Do let me know your thoughts on this.

    Hope to hear from you soon.

    Have a nice day!


    Warm Regards,
    Sophie Kinsella

  2. Sophie Kinsella says:

    Hello Admin,

    First Of All, heartiest congratulations on your site’s success!!

    My name is Sophie. I am a content writer and I want to contribute a guest post for your blog on relevant topic. I think my article will be the best fit for your “saving-ideas. com” site and beneficial for your readers. I have contributed many articles for numerous websites. My article will be more than 600 words, informative, unique and it will only publish on your blog.

    I will send my article as an attachment .txt file or in the word format.

    Hope you would like my proposal and will give me an opportunity.

    May I send the Article?


    Sophie Kinsella ?
    Content Writer | Official Id : sxxxxxxxxxxx@xxxxxxx[.]com
    Skype-soxxxxxxxxx | Google Talk-xxxxxxxxxxxxx[.]us

    [Personal information edited by blog author]

    “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” – John Quincy Adams

    • admin says:

      Thanks for your interest.
      But until we have not decided about Guest posts.
      I will contact you whenever we decide about the same in future..
      Thank you.

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