Jeevan Sugam plan no. 813 is a newly launched closed ended plan available for sale just for 45 days.
It a guaranteed return plan where your money gets double within 10 years with risk cover up to 10 times of single premium paid. On survival full sum assured + loyalty addition will be paid. On death 10 times the single premium amount will be paid to the nominee. It is available only to people in age bracket of 8 – 45 years of age.
Jeevan Sugam is eligible for tax benefits under 80 C of Indian Income tax act. All maturity proceeds are totally tax free. This plan is good for last minute tax saving solution. You can invest minimum 60,000 and maximum no upper limit. Being a guaranteed plan it is selling like hot cake. This plan is suitable for people who have surplus fund but don’t know how where to invest.