LIC Jeevan Sugam (Plan 813) was a close-ended single premium endowment plan sold for about 45 days, from 25 February to 11 April 2013. You chose a guaranteed maturity amount for a fixed 10-year term and paid one premium. A 30-year-old buying ₹6 lakh maturity paid ₹3,37,590 and had ₹33.76 lakh life cover for the first five years.
Jeevan Sugam 813 Single Premium & Maturity Calculator
Your estimate
- Guaranteed maturity sum assured
- ₹6,00,000
- High maturity SA incentive4.5% of maturity sum assured
- ₹27,000
- Death benefit, years 1–510 × single premium
- ₹33,75,900
- Death benefit, years 6–10maturity sum assured + loyalty addition
- ₹6,00,000
- Approx. return (IRR)
- 6.39%
- Age at maturity
- 40 years
- Single premium₹3,37,59054%
- Net gain₹2,89,41046%
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Jeevan Sugam Plan 813?
LIC Jeevan Sugam (Plan 813, UIN 512N273V01) was a close-ended, non-linked, single premium endowment plan. Instead of picking a sum assured and paying yearly, you decided how much you wanted back after 10 years and paid a single premium for it. For the first five years the policy carried very high life cover: ten times the premium.
LIC opened the plan on 25 February 2013 and closed it on 11 April 2013. Since the term was a fixed 10 years, all policies matured by April 2023. The calculator remains useful for checking what a maturity cheque should have included, or for comparing Sugam with LIC’s other close-ended single premium plans of that period.
Jeevan Sugam 813 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 813 / 512N273V01 |
| Sale period | 25 Feb 2013 to 11 Apr 2013 |
| Policy term | 10 years, fixed |
| Premium | Single premium only |
| Entry age | 8 to 45 years |
| Maturity sum assured | Minimum ₹60,000, multiples of ₹5,000, no maximum |
| Death benefit | 10 × single premium (years 1–5), then maturity SA + loyalty addition |
| Loyalty addition | As declared by LIC, not guaranteed |
Premium and worked example
The single premium is a rate per ₹1,000 of maturity sum assured that rises with age: about ₹520 for the youngest buyers, ₹562.65 at 30 and ₹645 at 45.
Example: a 30-year-old chooses ₹6,00,000 maturity sum assured.
- Single premium: ₹3,37,590
- Death cover in years 1–5: ₹33,75,900 (10 × premium)
- Death cover in years 6–10: ₹6,00,000 plus loyalty addition
- Maturity: ₹6,00,000 + ₹27,000 high-maturity incentive = ₹6,27,000, before any loyalty addition
- Approximate return: 6.39% a year
For ₹10 lakh maturity, the premium chart below the calculator shows about ₹5.2 lakh at age 18 and ₹6.45 lakh at 45. Service tax applied when the plan was sold; today individual life premiums carry no GST at all (exempt from 22 September 2025).
Tip: if you received a Jeevan Sugam maturity, compare the cheque with the calculator: the guaranteed part plus incentive should match, and anything above it is the loyalty addition.
Surrender and loans
The plan allowed loans during the term. Surrender values were typically around 70% of the single premium in the first year and 90% after that, so exiting early rarely made sense. Our surrender value calculator explains the general method.
How Sugam compared with other single premium plans
LIC ran several short-window single premium plans around this time. Jeevan Vriddhi 808 (March to June 2012) set the premium first and gave 5 times the premium as cover. Jeevan Vaibhav 809 (2012) paid the sum assured on death throughout. Sugam stood out for its much higher 10× cover in the first five years. The later Jeevan Utkarsh 846 used a similar 10× idea over 12 years.
How to use this calculator
- Enter the age at entry.
- Enter the maturity sum assured.
- Add a loyalty addition rate if you know it.
- Read the single premium, maturity amount, death benefit by period and the approximate return.
Frequently asked questions
When was LIC Jeevan Sugam 813 available?
It was a close-ended plan open for sale for about 45 days, from 25 February 2013 to 11 April 2013. As the term was fixed at 10 years, every Jeevan Sugam policy reached its maturity date by April 2023.
How was the Jeevan Sugam premium calculated?
You chose the maturity sum assured and LIC charged a single premium per ₹1,000 of it, based on age. At age 30 the rate was ₹562.65 per ₹1,000, so ₹6 lakh maturity cost ₹3,37,590 as a one-time premium.
What was the death benefit in Jeevan Sugam?
During the first five policy years the nominee received 10 times the single premium. From the sixth year, the death benefit was the maturity sum assured plus any loyalty addition.
What did Jeevan Sugam pay on maturity?
On surviving 10 years, the policyholder received the maturity sum assured, an incentive for higher maturity amounts (3.5% from ₹1,51,000 and 4.5% from ₹4 lakh, as per the plan details we used) and any loyalty addition LIC declared.
What return did Jeevan Sugam give?
For a 30-year-old buying ₹6 lakh maturity, the guaranteed amount with the incentive works out to roughly 6.4% a year before any loyalty addition. Younger buyers paid a slightly lower rate and earned a little more.
Was the Jeevan Sugam maturity tax-free?
Because the death cover was 10 times the single premium, the policy generally met the 10% premium-to-sum-assured condition, so the maturity amount was usually exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)). Check your own policy documents if you are unsure.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.