Insurance Plans

Insurance Plans - The Endowment Assurance Policy
• Moderate Premiums
• High bonus
• High liquidity
• Savings oriented.
This policy not only makes provisions for the family of the Life Assured
in event of his early death but also assures a lump sum at a desired
age. The lump sum can be reinvested to provide an annuity during the
remainder of his life or in any other way considered suitable at that
time.
Premiums are usually payable for the selected term of years or until
death if it occurs during the term period.
Suitable For:
Being an endowment assurance policy, this plan is apt for people of of
all ages and social groups who wish to protect their families from a
financial setback that may occur owing to their demise.
The amount assured if not paid by reason of his death earlier will
payable at the end of the endowment term where it can be invested in
an annuity provision for the rest of the policyholder's life or in any
other way he may think most suitable at that time.
Disability Benefit:
In case policy holder becomes totally and permanently disabled due to
an accident before reaching the age of 70 and the policy is in full
force, he will not be required to pay further premiums, (the Disability
Benefit is available in respect of the first Rs.20,000 sum assured on
any one life) and the policy will continue to be in force.
Accident Benefit:
By paying a small extra premium of Rs.1 per Rs.1000/- sum assured
per year he or his family are entitled to the following benefits on death
or permanent disability caused by accident. Even students above the
age of 18 years can avail of this benefit.
Premium Stoppage:
If payment of premiums ceases after at least THREE years' premiums
have been paid , a free paid-up policy for a reduced sum assured will
be automatically secured provided the reduced sum assured, exclusive
of any attached bonus, is not less than Rs. 250/-. The reduced sum
assured will become payable on the event as stipulated in the policy.
Bonus:
Is there anything extra payable besides the sum assured at the time of
claim settlement? Yes, but only if it is a ‘with profits’ policy. Every year
the Life Insurance Corporation distributes its surplus among
policyholder to ‘with profits’ polices in the form of bonuses. Substantial
bonuses have been declared in the past after each valuation of policy
liabilities.
Insurance Plans - Jeevan Mitra(Double

Cover Endowment Plan)
Product summary
This is an Endowment Assurance plan that provides greater financial

protection against death throughout the term of plan. It pays the maturity
amount on survival to the end of the policy term.
Premiums :
Premiums are payable yearly, half-yearly, quarterly, monthly or through
Salary deductions, as opted by you, throughout the term of the policy or
earlier death.
Bonuses : This is a with-profit plan and participates in the profits of the

Corporation’s life insurance business. It gets a share of the profits in the
form of bonuses. Simple Reversionary Bonuses are declared per thousand
Sum Assured annually at the end of each financial year. Once declared,
they form part of the guaranteed benefits of the plan. A Final (Additional)
Bonus may also be payable provided a policy has run for certain minimum
period.
Insurance Plans - Jeevan Mitra(Double Cover Endowment

Plan)
Death Benefit:
Table No 88: Twice the Sum Assured plus all bonuses on the basic sum
assured to date is payable in a lump sum upon the death of the life
assured.
Table No 133: Thrice the Sum Assured plus all bonuses on the basic sum
assured to date is payable in a lump sum upon the death of the life
assured.
Maturity Benefit:
The Sum Assured plus all bonuses declared up to maturity date is payable
in a lump sum on survival to the end of the policy term.
Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for
extra protection/option. An additional premium is required to be paid for
these benefits.
Surrender Value:
Buying a life insurance contract is a long-term commitment. However,
surrender value will be available under the plan on earlier termination of
the contract.
Guaranteed Surrender Value:

The policy may be surrendered after it has been in force for 3 years or
more. The guaranteed surrender value is 30% of the basic premiums paid
excluding the first year’s premium.
Corporation’s Policy On Surrenders:

In practice, the company will pay a Special Surrender Value – which is
either equal to or more than the Guaranteed Surrender Value. The benefit
payable on surrender reflects the discounted value of the reduced claim
amount that would be payable on death or at maturity. This value will
depend on the duration for which premiums have been paid and the policy
duration at the date of surrender. In some circumstances, in case of early
termination of the policy, the surrender value payable may be less than
the total premiums paid.
The Corporation reviews the surrender value payable under its plans from
time to time depending on the economic environment, experience and
other factors.
Jeevan Mitra (Double Cover

Insurance Plans -
Endowment Plan)
Benefit Illustration
Statutory Warning
“Some benefits are guaranteed and some benefits are variable with
returns based on the future performance of your life insurance company.
If your policy offers guaranteed returns then these will be clearly marked
“guaranteed” in the illustration table on this page. If your policy offers
variable returns then the illustrations on this page will show two different
rates of assumed investment returns. These assumed rates of return are
not guaranteed and they are not upper or lower limits of what you might
get back as the value of your policy is dependant on a number of factors
including future investment performance.”
Illustration 1:
Table No 14
Age at entry: 35 years
Policy Term: 25 years
Sum Assured: Rs.1,00,000/-
Premium paying term: 25 years
Mode of premium payment: Yearly
Annual Premium : Rs.4,750 /-
End Total Benefit Payable On Death/Maturity At The End Of
Of Premiums Year
Year Paid Till Variable Total
End Of
Guaranteed Scenario Scenario Scenario Scenario
Year
1 2 1 2
1 4,750 200000 2,100 5,700 202100 205700
2 9,500 200000 4,200 11,400 204200 211400
3 14,250 200000 6,300 17,100 206300 217,100
4 19,000 200000 8,400 22800 208400 222800
5 23,750 200000 10,500 28500 210500 228500
6 28,500 200000 12,600 34200 212600 234200
7 33,250 200000 14,700 39900 214700 239900
8 38,000 200000 16,800 45600 216800 245600
9 42,750 200000 18,900 51300 218900 251300
10 47,500 200000 21,000 57000 221000 257000
15 71,250 200000 31,500 85500 231500 285500
20 95,000 200000 56,000 152000 256000 352000
25 118,750 200000 69,500 189500 269500 389500
End Total Benefit payable on death / maturity at the end of
of premiums year
year paid till Variable Total
end of
year
1 2 1 2
25 118,750 100,000 69,500 189500 169500 289500
Total Benefit Payable On Death/Maturity At The End Of
End Premiums Year
Of Paid Till Variable Total
Year End Of Guaranteed Scenario Scenario Scenario Scenario
Year 1 2 1 2
1 5453 300000 2,100 5,700 302100 305700
2 10906 300000 4,200 11,400 304200 311400
3 16359 300000 6,300 17,100 306300 317,100
4 21812 300000 8,400 22800 308400 322800
5 27265 300000 10,500 28500 310500 328500
6 32718 300000 12,600 34200 312600 334200
7 38171 300000 14,700 39900 314700 339900
8 43624 300000 16,800 45600 316800 345600
9 49077 300000 18,900 51300 318900 351300
10 54530 300000 21,000 57000 321000 357000
15 81795 300000 31,500 85500 331500 385500
20 109060 300000 56,000 152000 356000 452000
25 136325 300000 69,500 189500 369500 489500
Total Benefit Payable On Death/Maturity At The End Of

End Premiums Year
Of Paid Till Variable Total
Year 1 2 1 2
25 136325 100000 69500 189500 169500 289500
i) This illustration is applicable to a non-smoker male/female standard

(from medical, life style and occupation point of view) life.
ii) The non-guaranteed benefits (1) and (2) in above illustration are
calculated so that they are consistent with the Projected Investment Rate
of Return assumption of 6% p.a. (Scenario 1) and 10% p.a. (Scenario 2)
respectively. In other words, in preparing this benefit illustration, it is
assumed that the Projected Investment Rate of Return that LICI will be
able to earn throughout the term of the policy will be 6% p.a. or 10%
p.a., as the case may be. The Projected Investment Rate of Return is not
guaranteed.
iii) The main objective of the illustration is that the client is able to
appreciate the features of the product and the flow of benefits in different
circumstances with some level of quantification.
iv)Future bonus will depend on future profits and as such is not
guaranteed. However, once bonus is declared in any year and added to
the policy, the bonus so added is guaranteed
Insurance Plans - Jeevan Anand
Product summary:
This plan is a combination of Endowment Assurance and Whole Life plans.
It provides financial protection against death throughout the lifetime of the
life assured with the provision of payment of a lump sum at the end of the
selected term in case of his survival.
Premium:
salary deductions as opted by you throughout the selected term of the
policy or till earlier death.
Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s
life insurance business. It gets a share of the profits in the form of
bonuses. Simple Reversionary Bonuses are declared per thousand Sum
Assured annually at the end of each financial year. Once declared, they
form part of the guaranteed benefits of the plan. Bonuses will be added
during the selected term or till death, if it occurs earlier. Final (Additional)
Bonus may also be payable provided the policy has run for certain
minimum period.
Benefits in case of death during the selected term:

The Sum Assured along with the vested bonuses is payable on death in a lump
sum.
Benefits in case of survival to the end of selected term:

The Sum Assured along with the vested bonuses is payable in a lump sum on
survival to the end of the term. An additional Sum Assured is payable on death
thereafter.
Accident Benefit:
An additional Sum Assured (subject to a limit of Rs.5 lakh) is payable in a lump
sum on death due to accident up to age 70 of life assured. In case of permanent
disability of the life assured due to accident this additional Sum assured is
payable in instalments.
Supplementary/Extra Benefits:
These are the optional benefits that can be added to your basic plan for extra
protection/option. An additional premium is required to be paid for these
benefits.
Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender
values are available on the plan on earlier termination of the contract.
Guaranteed Surrender Value:

The policy may be surrendered after it has been in force for 3 years or more.
The guaranteed surrender value is 30% of the basic premiums paid excluding
the first year’s premium. Any extra premium(s) paid and premium(s) towards
Accident Benefit are also excluded.
Corporation’s policy on surrenders:

In practice, the Corporation will pay a Special Surrender Value – which is either
equal to or more than the Guaranteed Surrender Value. The benefit payable on
surrender reflects the discounted value of the reduced claim amount that would
be payable on death or at maturity. This value will depend on the duration for
which premiums have been paid and the policy duration at the date of
surrender. In some circumstances, in case of early termination of the policy, the
surrender value payable may be less than the total premium paid.
The Corporation’s surrender value will be reviewed from time to time and may
change depending on the economic environment, our experience and other
factors.
Note: The above is the product summary giving the key features of the plan.
This is for illustrative purpose only. This does not represent a contract and for
details please refer to your policy document
Statutory Warning:
“Some benefits are guaranteed and some benefits are variable with returns
based on the future performance of your insurer carrying on life insurance
business. If your policy offers guaranteed returns then these will be clearly
marked “guaranteed” in the illustration table on this page. If your policy offers
variable returns then the illustrations on this page will show two different rates
of assumed future investment returns. These assumed rates of return are not
guaranteed and they are not upper or lower limits of what you might get back
as the value of your policy is dependent on a number of factors including future
investment performance.”
Illustration 1
Premium Paying term: 25 years
Mode of premium payment: Yearly
Annual Premium: Rs. 4,535 /-
of premiums year
end of Guaranteed
year * Scenario Scenario Scenario Scenario
1 2 1 2
1 4,535 100000 1500 5100 101500 105100
2 9,070 100000 3000 10200 103000 110200
3 13,605 100000 4500 15300 104500 115300
4 18,140 100000 6000 20400 106000 120400
5 22,675 100000 7500 25500 107500 125500
6 27,210 100000 9000 30600 109000 130600
7 31,745 100000 10500 35700 110500 135700
8 36,280 100000 12000 40800 112000 140800
9 40,815 100000 13500 45900 113500 145900
10 45,350 100000 15000 51000 115000 151000
15 68,025 100000 22500 76500 122500 176500
20 90,700 100000 33000 113000 133000 213000
25 1,13,375 100000 41500 141000 141500 241000
of premiums year
end of Guaranteed
year * Scenario Scenario Scenario Scenario
1 2 1 2
26 1,13,375 100000 41500 141000 141500 241000
27 1,13,375 100000** - - 100000** 100000**
* In addition to the benefits given in the column, an Accident Benefit of Rs.

1,00,000 /- will also be available without payment of extra premium in case of
death/disability due to accident
** Benefit payable on death after the selected term. If the death occurs due to
accident up to age 70 an additional Rs. 1,00,000/- will also be paid.
(i) The above illustration is applicable to a non-smoker male/female standard

(from medical, life style and occupation point of view) life.
(ii) The non-guaranteed benefits (1) and (2) in above illustration are calculated
so that they are consistent with the Projected Investment Rate of Return
assumption of 6% p.a.(Scenario 1) and 10% p.a. (Scenario 2) respectively. In
other words, in preparing this benefit illustration, it is assumed that the
Projected Investment Rate of Return that LICI will be able to earn throughout
the term of the policy will be 6% p.a. or 10% p.a., as the case may be. The
Projected Investment Rate of Return is not guaranteed.
(iii) The main objective of the illustration is that the client is able to appreciate
the features of the product and the flow of benefits in different circumstances
with some level of quantification.
(iv) Future bonus will depend on future profits and as such is not guaranteed.
However, once bonus is declared in any year and added to the policy, the bonus
so added is guaranteed
Insurance Plans - Jeevan Surabhi
Jeevan Surabhi plan is similar to other money back plans.However main
differences in regular money back plans and Jeevan Surabhi are as under
Maturity term is more than premium paying term.
Early and higher rate of survival benefit payment.
Risk cover increases every five years.
The actual term and the premium paying term for these plans are as
under.
Plan Policy Premium Paying

no. Term Term
106 15 years 12 years
Full sum assured is paid back as survival benefit by the end of premium
paying term. However, the risk cover and additional risk cover continue
and the policy participates in profits till the end of policy term.
Accident Benefit is restricted to the premium paying period and to the

overall limit of Rs.5 lakhs on a single life.
Suitable For:
This plan holds special interest to people who besides wishing to provide
for their old age and family feel the need for lump sum benefits at
periodical intervals.
- Jeevan Surabhi
Introduction
Insurance Regulatory & Development Authority (IRDA) requires all life
insurance companies operating in India to provide official illustrations to
their customers. The illustrations are based on the investment rates of
return set by the Life Insurance Council (constituted under Section 64C(a)
of the Insurance Act 1938) and is not intended to reflect the actual
investment returns achieved or may be achieved in future by Life
Insurance Corporation of India (LICI).
For the year 2004-05 the two rates of investment return declared by the
Life Insurance Council are 6% and 10% per annum.
Product summary
This is a with-profits plan available for three different terms of 15, 20 and
25 years with corresponding premium paying terms of 12, 15 and 18
years. The plan provides a specified percentage of Sum Assured on
survival up to specified durations. A life insurance cover is available
throughout the term of the plan which increases after every five yearly
intervals.
Premiums :
salary deductions as opted by you throughout the premium paying term of
the policy or till the earlier death.
Bonuses :
This is a with-profit plan and participate in the profits of the Corporation’s
life insurance business. It gets a share of the profits in the form of
bonuses. Simple Reversionary Bonuses are declared per thousand Sum
Assured annually at the end of each financial year. Once declared, they
form part of the guaranteed benefits of the plan. A Final (Additional) Bonus
may also be payable provided policy has run for certain minimum period.
Death Benefit:
The Sum Assured alongwith the additional cover, if any, plus all bonuses
declared till death is payable in a lump sum upon the death of the life
assured during the policy term. The survival benefits paid prior to death
will not be deducted from the claim amount.
If death occurs at anytime during the term of a policy (provided the policy
has been kept in force by payment of all premiums that had fallen due),
the basic sum assured along with the vested bonus will be paid. The
survival benefits already paid, if any, will not be deducted from this claim
amount. An additional amount (depending on the duration of the policy)
will also be paid on death under such a policy. The additional amounts
payable, at various stages are shown in the table given below.
policy 11th- 16th-
1st
year 15th 20th 21st-26th
Policy year
6th- policy policy policy year
Policy
10th year year
106 NIL 500 1000 NIL NIL
107 NIL 500 1000 1500 NIL
108 NIL 500 1000 1500 2000
Survival Benefits:
A percentage of sum assured as mentioned below will be paid on your
survival to the end of specified durations:
Percentage of Sum Assured payable at the end of

specified duration
Plan and Term ( Premium Paying Term )
Plan
Duration
106/15(12) 107/20(15) 108/25(18)
4 30% 25% 20%
5 - -
8 30% 25% 20%
10 - - -
12 40% 25% 20%
15 - 25% 20%
18 - 20%
% of basic
Risk Cover
Plan no Survival Benefits Sum
upto
Assured.
at the end of 4
30
years
at the end of 8
30
106 years
15 years
at the end of 12
40
years
at the end of 15
Bonus
years
at the end of 4
25
years
at the end of 8
25
years
at the end of 12
107 25 20 years
years
at the end of 15
25
years
at the end of 20
Bonus
years
at the end of 4
20
years
at the end of 8
20
years
at the end of 12
20
years
108 25 years
at the end of 15
20
years
Minimum Maximum
plan 106 55
Entry age 14 (last birthday) plan 107 50
plan 108 45
Sum assured
50,000 NO LIMIT
(Rs.)
Term (years) 15 years Fixed Term
Mode of Maximum Maturity Policy loan

Payment Age available
Yearly, Half-
yearly,Quarterly,
70 years Yes
Monthly, Salary
Saving Scheme
Insurance Plans - Bima Bachat
What is Bima Bachat?
LIC’s Bima Bachat is a money-back policy which offers financial security and assurance to the
policy holder and his family. Bima Bachat requires the policy holder to pay only one premium.
The amount paid for the premium depends on the duration of the policy taken and life
insurance is available till the date of maturity.
What other benefits do I receive during the specified duration of the policy?
For a term of 9 years: The policy holder will receive 15% of the sum assured at the end of
every 3rd and 6th policy year.
For a term 12 years: The policy holder will receive 15% of the sum assured at the end of
every 3rd, 6th and 9th policy year.
For a term 15 years: The policy holder will receive15% of the sum assured at the end of every
3rd, 6th, 9th and 12th policy year.
What additional benefits do I get upon maturity?
If the policy holder outlives the duration of the policy, at the time of maturity, a single
premium payment (excluding extra premium) is made along with loyalty additions, if any.
How much insurance do I get?
The policy holder is insured for an amount equal to the sum assured.
What about the installment received already?
The insurance cover is irrespective of the installments received.
When am I eligible for the guaranteed surrender value?
The guaranteed surrender value is available only after completion of at least one policy year.
This value is equal to 90 % of the single premium paid (excluding extra premium).
What other benefits does this insurance cover offer?
Bima Bachat is the only money-back policy that offers a loan facility. The rate of interest for
this will be determined from time to time by the corporation. Presently the rate of interest is
9% p.a. payable half-yearly.
It also offers other benefits like the 15 day cooling off period, grace period and revival.
Who is eligible for the policy? Are there other conditions or restrictions?
The following are the requirements that one needs to be aware of before applying for this
policy:
· The person applying for the policy should have completed 15 years and should not be older
than 66 years.
· The policy will mature when the person is 75 years old.
· There is a choice of three terms to choose from (9, 12 and 15 years) for the policy
depending on the age and requirement of the applicant.
· The minimum sum that needs to be assured is Rs 20,000/- and there is no limit on the
amount that can be assured.
· It is important to note that the sum assured should be in multiples of Rs 5000/- only.
· The policy requires the holder to pay a single premium.
Single Premium
The sample premium rates are as under: -
Age Annual Premium per 1000 SA

9 12 15
15 716.40 771.35 804.00
20 717.20 771.85 804.40
25 717.55 772.25 804.95
30 718.45 773.35 806.10
35 721.05 775.75 808.55
40 725.80 780.25 812.95
45 734.10 787.60 819.60
50 746.60 797.90 828.95
55 762.65 811.95 841.75
60 784.80 831.30 859.35
65 816.25 - -
What incentives do I get for a higher sum assured?
Let’s take an example of a 30 year old with a Bima Bachat policy for 12 years. If
the sum assured is Rs 45,000 then he has to pay a premium of Rs 34800.75. But
for a sum assured amount of Rs 50,000 he will have to pay a premium of Rs
36734.13 only, thus getting a 5% rebate in premium.
Refer to the table below for other rebate percentages:
Less than Rs. 50,000 NIL

Rs. 50,000 and Less than Rs.1
5%
lakh
Rs. 1 lakh and Less than Rs.2
7%
lakh
Rs. 2 lakh and above 8%
Illustration 1:
Let us take the example of a policy holder who is 35 years old and takes a
policy for the term of 9 years for a sum of Rs 1,00,000/-.He pays a single
premium of Rs 67058/-
End Total Benefit on death during the year
of premiums Variable Total
year paid till
end of Guaranteed Scenario Scenario Scenario Scenario
year 1 2 1 2
1
to 67058 100000 0 0 100000 100000
9
Survival Benefits :
End Total Benefit payable on survival at the end of

of premiums specified year
year paid Variable Total
1 2 1 2
3 67058 15000 0 0 15000 15000
6 67058 15000 0 0 15000 15000
9 67058 67058 0 24300 67058 91358
Illustration 2:
premium of Rs 72145/-.
year paid till
year 1 2 1 2
1
to 72145 100000 0 0 100000 100000
12
Survival Benefits :

1 2 1 2
3 72145 15000 0 0 15000 15000
6 72145 15000 0 0 15000 15000
9 72145 15000 0 0 15000 15000
12 72145 72145 0 40800 72145 112945
Illustration 3:
premium of Rs 75195/-.
year paid till
year 1 2 1 2
1
to 75195 100000 0 0 100000 100000
15
Survival Benefits :
1 2 1 2
3 75195 15000 0 0 15000 15000
6 75195 15000 0 0 15000 15000
9 75195 15000 0 0 15000 15000
12 75195 15000 0 0 15000 15000
15 75195 75195 0 60000 75195 135195
Notes:
i) The above examples are applicable to a *standard non-smoker
male/female
(*medical condition, lifestyle and occupation)
ii) *The non-guaranteed benefits (1) and (2) in above illustration are
calculated so that they are consistent with the Projected Investment Rate of
Return assumption of 6% p.a.(Scenario 1) and 10% p.a. (Scenario 2)
respectively. In other words, in preparing this benefit illustration, it is
assumed that the Projected Investment Rate of Return that LIC will be able
to earn throughout the term of the policy will be 6% p.a. or 10% p.a., as
the case may be. The Projected Investment Rate of Return is not
guaranteed.
iii) The main objective of the example is that the client is able to appreciate
the features of the product and the flow of benefits in different
circumstances with some level of quantification.
The maturity benefit is the amount shown at the end of the policy term.
Statutory warning:
based on the future performance of your Insurer carrying on life insurance
marked “guaranteed” in the illustration table on this page. If your policy
offers variable returns then the illustrations on this page will show two
different rates of assumed future investment returns. These assumed rates
of return are not guaranteed and they are not the upper or lower limits of
what you might get back, as the value of your policy is dependent on a
number of factors including future investment performance.”
Extract from section 41 of the insurance act:

(1) No person shall allow or offer to allow, either directly or indirectly, as an
inducement to any person to take out or renew or continue an insurance in
respect of any kind of risk relating to lives or property in India, any rebate of
the whole or part of the commission payable or any rebate of the premium
shown on the policy nor shall any person taking out or renewing or
continuing a policy accept any rebate except such rebates as may be
allowed in accordance with the published prospectuses or tables of the
insurer : provided that acceptance by an insurance agent of commission in
connection with a policy of life insurance taking out by himself on his own
life shall not be deemed to be acceptance the insurance agent satisfies the
prescribed conditions establishing that he is a bona fide insurance agent
employed by the insurer.
(2) Any person making default in complying with the provisions of this
Section shall be punishable with a fine which may extend to Rs.500 / -
Note :
“Conditions apply” for which please refer to the policy document or contact
our nearest branch office.
Insurance Plans - Jeevan Bharathi - I
Introduction
LIC’s Jeevan Bharati-I – is a plan exclusively for women. It is a with profit
plan having special features considering the needs of women. The plan
also provides for Accident Benefit, Critical Illness Benefit and Congenital
Disability Benefit as optional Riders
1. SPECIAL FEATURES
1. Encashment of Survival Benefit as and when needed:

The policyholder at her option may avail the survival benefit any time on
or after its due date. If opted to avail later, increased survival benefit at
the rate decided by the corporation from time to time will be payable.
2. Flexibility to pay premiums in advance:
The mode of premium payment is only yearly under this plan. However,
policyholder may pay the next yearly premium in advance in instalments
(maximum upto 3 instalments) during the year. If premiums are paid in
advance a premium rebate may be allowed as may be decided by the
Corporation from time to time
3. Option to receive maturity proceeds in the form of an

annuity: :
The policyholder shall have the option to receive the maturity proceeds in
the form of annuity. The rate of annuity will be based on the annuity rates
prevalent at the time of stipulated Date of Maturity.
4. Auto Cover::
After two years premiums have been paid, whenever premium payment is
discontinued, the life cover for full sum assured will continue for 3 years
from the due date of first unpaid premium.
If death occurs during the Auto Cover period, then death benefit after
deducting unpaid premiums, with interest is payable along with the vested
bonus, if any.
The auto cover shall not be available for rider benefits.
2. OPTIONAL RIDERS:
The following riders are available under this plan:
A. CRITICAL ILLNESS (CI) RIDER :

An amount equal to the Critical Illness Rider Sum Assured will be payable
in case of diagnosis of defined categories of critical illnesses. A person is
eligible for this benefit upto a maximum age of 60 years but subject to a
maximum of the policy term. This benefit can be availed for a minimum
Sum of Rs 50000 and for a maximum Sum equal to the Sum assured
under the basic plan subject to the maximum of Rs 5 lakh overall limit
taking all critical illness riders under all existing policies of the Life
Assured.
(For details refer the sales brochure of Critical Illness rider)
B. ACCIDENT BENEFIT RIDER:

An additional amount equal to the Accident Benefit Rider Sum Assured is
payable upon death or total and permanent disability due to accident
during the policy term.
This benefit can be availed for a minimum sum of Rs 50000 and for a
maximum sum equal to the Sum Assured under the Basic Plan subject to
the maximum of Rs.50 lakhs.
C. CONGENITAL DISABILITIES BENEFIT (CDB) RIDER:
This rider can be opted for by a female between the ages of 18yrs and 35
years.
An amount equal to 50% of the CDB Sum Assured is payable if the Life
Assured gives birth to a child with specified congenital disabilities. This
benefit is available for a maximum of two such children and this benefit
ceases at the age of 40 years.
This benefit can be availed for a minimum Sum of Rs 50000 and a
maximum sum of Rs 500000.
(For details refer the sales brochure of Congenital Disability Benefit Rider)
3. ELIGIBILITY CONDITIONS (For Basic Plan):
Minimum age at entry : 18 years (completed)

Maximum age at entry : 55 years (nearest birthday)
Maximum age at maturity : 70 years (nearest birthday)
Policy term : 15 and 20 years
Minimum Sum Assured : Rs. 50,000/-
Maximum Sum Assured : Rs. 25,00,000/-
(Sum Assured shall be in multiples of Rs.5,000/-)
4. SAMPLE PREMIUM RATES FOR BASIC PLAN :
Tabular Annual Premium per 1000 SA

AGE/TERM 15 20
20 79.35 63.90
25 79.45 64.10
30 79.70 64.55
35 80.25 65.45
36 80.45 65.70
37 80.60 66.00
40 81.35 67.00
45 83.15 69.50
50 86.05 73.50
5. HIGH SUM ASSURED REBATES:
Sum Assured (in Rs) Rebate per thousand Sum Assured

1,00,000 to 4, 99,999 Rs 2.00
5, 00,000 and above Rs 4.00
6. LOAN:
Loan is available under the plan after the policy acquires paid-up value.
7. GRACE PERIOD:
A grace period of one-month but not less than 30 days will be allowed for
payment of premium .
8. REVIVAL:
A. REVIVAL DURING THE AUTO COVER PERIOD:
(i) If Critical Illness Rider is not opted for:
During the Auto Cover Period, the Life Assured can pay one or more
instalments of premiums with interest without submission of any evidence
of health. On payment of part or full arrears of premiums with interest, the
Auto Cover Period of 3 years from the due date of new FUP shall again be
available during the term of the Policy.
If any survival benefit falls due during the above 3-year auto cover period
the same will be paid after deduction of unpaid premiums with interest
until the due date of the survival benefit, provided it is more than the
unpaid premiums with interest. If the survival benefit is insufficient to
cover the arrears of premiums with interest up to the due date of such
survival benefit, then the survival benefit will be payable only on payment
of such arrears of premiums with interest , during the period of the
aforesaid 3 years or on revival of the policy thereafter.
(ii) If Critical Illness Rider is opted for:
During the auto cover period, the policy can be revived by payment of full
arrears of premium together with interest and subject to submission of
proof of continued insurability of the Life Assured to the satisfaction of the
Corporation. The Corporation reserves the right to accept at original terms,
accept at revised terms or decline the revival of the policy. The revival of
the policy shall take effect only after the same is approved by the
Corporation and is specifically communicated to the Life Assured.
If any survival benefit falls due during the above 3-year auto cover period
the same will be paid only after revival of the policy as stated above.
B. REVIVAL OTHER THAN DURING AUTO COVER PERIOD :

If the Policy has lapsed, and the policy is not under the period of auto
cover, the policy can be revived within a period of 5 years from the date of
first unpaid premium and before the date of maturity by payment of full
arrears of premium together with interest and subject to submission of
proof of continued insurability of the Life Assured to the satisfaction of the
Corporation. The Corporation reserves the right to accept at original terms,
accept at revised terms or decline the revival of a discontinued policy. The
revival of discontinued policy shall take effect only after the same is
approved by the Corporation and is specifically communicated to the Life
Assured.
The Rider/s shall be revived along with the Basic plan and not in isolation.
9. PAID UP VALUE:
If after at least three full years’ premiums have been paid and any
subsequent premium not paid, this policy shall not be wholly void after the
expiry of three years Auto Cover Period ,but shall continue as a paid up
policy. The Sum Assured of the policy shall be reduced in the same
proportion as the number of premiums actually paid bears to the total
number of premiums stipulated for in the policy , less any survival benefit
paid. This reduced Sum is called the paid up value.
The policy thereafter shall be free from all liabilities for payment of the
premiums, but shall not be entitled to the future bonuses. The existing
vested reversionary bonuses, if any, will remain attached to the reduced
paid-up Policy. This paid up value shall be payable on the date of maturity
or at Life Assured’s prior death. No survival benefit shall be payable under
paid up policies.
The rider benefits will cease to apply if the policy is in lapsed condition and
will not acquire any paid up value.
10. SURRENDER VALUE:

The Guaranteed Surrender value will be available after the expiry of 3
policy years provided the premiums have been paid for at least three
years. The Guaranteed Surrender Value is equal to 30% of the total
amount of premiums paid excluding the premiums paid for the first year,
any premiums paid towards riders, all extra premiums that may have been
paid less the amount of survival benefits paid earlier. The cash value of
any existing bonuses, if ,any will also be paid .
Corporation may, however, pay special surrender value as the discounted
value of Paid up sum assured and vested bonus, if any, as applicable on
date of surrender, provided the same is higher than guaranteed surrender
value.
11. EXCLUSIONS:
Suicide: This policy shall be void if the Life Assured commits suicide
(whether sane or insane at that time) at any time on or after the date on
which the risk under the policy has commenced but before the expiry of
one year from the date of commencement of risk under the policy and the
Corporation will not entertain any claim by virtue of this policy except to
the extent of a third party’s bonafide beneficial interest acquired in the
policy for valuable consideration of which notice has been given in writing
to the branch where the Policy is being presently serviced (where the
policy records are kept), at least one calendar month prior to death.
12. COOLING OFF PERIOD:

If you are not satisfied with the “Terms and Conditions” of the policy, you
may return the policy to us within 15 days.
Insurance Plans - Jeevan Bharathi - I
A. Survival Benefits:
On Survival the following benefits are payable:
For 15 Years Term

20% of the Sum Assured payable at the end of 5 years.
60% of the Sum Assured payable together with vested bonus, and Final
Additional Bonus, if any, at the end of 15 years.
For 20 Years Term

40% of the Sum Assured payable together with vested bonus and Final
Additional Bonus, if any at the end of 20 years.
B. Death Benefit:
In case of death of the life assured during the policy term, the full sum
assured is payable irrespective of the survival benefits paid earlier. The
vested bonuses and Final Additional Bonus, if any are also payable.
Insurance Plans - Jeevan Tarang
Introduction:
This is a with-profits whole of life plan which provides for annual survival
benefit at a rate of 5½ % of the Sum Assured after the chosen
Accumulation Period. The vested bonuses in a lump sum are payable on
survival to the end of the Accumulation Period or on earlier death. Further,
the Sum Assured, along with Loyalty Additions, if any, is payable on
survival to age 100 years or on earlier death.
Accumulation Period :
The plan offers three Accumulation periods – 10, 15 and 20 years. A
proposer may choose any of them.
Payment of Premium:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly
intervals or through salary deductions over the Accumulation Period.
Alternatively, a Single Premium can be paid on commencement of a policy.
Sample Premium Rates:

The tables below provide tabular premiums for various age-term
combinations for Rs. 1000/- Sum Assured.
Regular premiums
Accumulation period
Age 10 years 15 years 20 years
Up to 40 years 109.10 71.40 51.50
41 to 45 years 109.10 71.40 53.40
46 to 50 years 109.10 73.80 56.60
51 to 55 years 111.80 77.90 -
56 to 60 years 116.60 - -
Single premiums
Accumulation period
Age 10 years 15 years 20 years
Up to 46 years 756.00 644.00 548.00
47 years 756.00 644.00 549.00
48 years 756.00 644.00 552.00
49 years 756.00 644.00 555.20
50 years 756.00 644.00 558.90
51 to 55 years 756.00 644.00 -
56 to 60 years 756.00 - -
Participation in Profits:
Policies under this plan shall participate in profits of the Corporation.
During the accumulation period policies shall be entitled to receive simple
reversionary bonuses which will be payable on survival to the end of the
accumulation period or on earlier death. After the accumulation period,
policies will be entitled to receive a Loyalty Addition payable on maturity or
earlier death. The amount of simple reversionary bonus and Loyalty
Addition will depend on the experience of the Corporation.
Survival Benefits:
• On survival to the end of the selected accumulation period: Vested

reversionary bonuses in a lump sum will be payable.
• On survival to the end of each year after the accumulation period:
5½% of the Sum Assured will be payable. The first survival benefit
will be payable on survival to one year after the end of the
accumulation period.
Maturity Benefit:
On survival to the policy anniversary coinciding with or immediately
following the completion of age 100 years, the Sum Assured along with
Loyalty Addition, if any, will be payable.
Death Benefit:
• In case of death of the Life Assured during the Accumulation Period,

the Sum Assured along with vested reversionary bonuses is
payable.
• In case of death of the Life Assured any time after the Accumulation
Period, the Sum Assured along with Loyalty Addition, if any is
payable.
OPTIONAL RIDERS AVAILABLE DURING THE ACCUMULATION

PERIOD:
Accident Benefit Rider Option (Allowed for Regular Premium
policies only):
Accident Benefit Option will be available under the plan by the payment of
additional premium. Accident Benefit Rider shall be available for an amount
not exceeding the Sum Assured under the basic plan subject to overall
limit of Rs.50 lakh taking all existing policies of the life assured under
individual as well as group schemes taken with Life Insurance Corporation
of India and other insurance companies and the Accident Benefit Rider
Sum Assured under the new proposal into consideration.
This benefit is available under Regular Premium policies only and it is not
available under single premium policies.
In case of accidental death, the Accident benefit sum assured will be

payable as lumpsum along with the death benefit under the basic plan. In
case of accidental disability arising due to accident (within 180 days from
the date of accident), an amount equal to the Accident Benefit sum
assured will be paid in monthly instalments spread over 10 years or upto
death or maturity, if earlier, and all future premiums under the policy will
be waived.
The disability due to accident should be total and such that the life assured
is unable to carry out any work to earn the living. Following disabilities due
to accidents are covered:
i) irrevocable loss of the entire sight of both eyes or

ii) amputation of both hands at or above the wrists or
iii) amputation of both feet at or above ankles or
iv) amputation of one hand at or above the wrist and one foot at or above
the ankle.
No benefit will be paid if accidental death or disability arises due to

accident in case of:
i)intentional self-injury, attempted suicide, insanity or immorality of the

life assured is under the influence of intoxicating liquor, drug or narcotic
ii)engagement in aviation or aeronautics other than that of a passenger in
any aircraft
iii)injuries resulting from riots, civil commotion, rebellion, war, invasion,
hunting, mountaineering, steeple chasing or racing of any kind.
iv)accident resulting from committing any breach of law
v)accident arising from employment in armed forces or military services or
police organisation.
Other riders available under this plan are:

•Term Assurance Rider Option
•Critical Illness Rider Option
All three optional rider benefits mentioned above shall be available during
accumulation period only.
PAID-UP VALUE:
If after at least three full years' premiums have been paid and any
subsequent premium be not duly paid, this policy shall not be wholly void,
but shall subsist as a paid-up policy for an amount equal to the paid-up
value. The paid-up value as shall bear the same ratio to the full Sum
Assured as the number of premiums actually paid shall bear to the total
number of premiums originally stipulated in the policy. The policy so
reduced shall thereafter be free from all liabilities for payment of the within
mentioned premium, but shall not be entitled to the future bonuses. The
existing vested reversionary bonuses, if any, shall remain attached to a
paid-up policy. This paid up value along with the vested reversionary
bonuses shall be payable on the survival of the Life Assured to the end of
the Accumulation Period or on his/her prior death. No survival benefit shall
be payable under paid up policies.
These provisions do not apply to the Accident Benefit, Term Assurance and
Critical Illness rider options, as these riders do not acquire any paid-up
value.
GUARANTEED SURRENDER VALUE:

• During Accumulation Period:
For Single Premium policies – After completion of at least one policy year,
90% of the Single Premium received, excluding premiums for optional
riders and extras, if any, will be payable.
The cash value of any vested reversionary bonuses, if any, will also be
payable
This is irrespective of the age of the Life Assured.
For Regular Premium policies – After completion of at least three policy

years and at least three full years’ premiums have been paid, 30% of the
total amount of premiums paid excluding the premiums for the first year
and all premiums in respect of optional benefits and extras will be payable.
However, if the age at entry of the Life Assured is less than or equal to 12
years, the guaranteed surrender value will be equal to
• Before commencement of risk: 90% of the total amount of premiums

(excluding premiums paid for the first year and any extras) paid.
• After commencement of risk: 90% of the total premiums (excluding
premium for the first year and any extras) paid before commencement of
risk and 30% of premiums paid (excluding any extras) after the
commencement of risk.
Premiums for Accident Benefit rider cover, Term Assurance rider cover and
Critical Illness rider cover will be excluded.
The cash value of any vested reversionary bonuses, if any, will also be
payable.
•After Accumulation Period: This will be 85% of the Basic Sum Assured.
OTHER BENEFITS:
• Loan: Loan facility is available under this plan. However, the rate of
interest would be determined from time to time by the Corporation.
Presently the rate of interest is 9 % pa payable half-yearly.
• Grace period: A grace period of one month but not less than 30 days will
be allowed for payment of yearly, half-yearly or quarterly premiums and
15 days for monthly premiums.
• Cooling-off period: If you are not satisfied with the terms and conditions
of the policy, you may return the policy to us within 15 days.
• Revival: Subject to satisfactory evidence of continued insurability, a

lapsed policy can be revived during the lifetime of the Life Assured but
before the expiry of the Accumulation Period within a period of five years
from the due date of first unpaid premium by paying arrears of premium
together with interest. The rate of interest applicable will be as fixed by the
Corporation from time to time.
ELIGIBILITY CONDITIONS FOR THIS PLAN:

Ages at entry: 0 to 60 years nearest birthday
Accumulation periods available: 10, 15 and 20 years
Maximum age at which premium payment ceases: 70 years nearest
birthday
Age up to which life cover available: 100 years
Minimum age at end of Accumulation Period: 18 years last birthday
Premium paying terms: Single Premium and, in case of regular premiums,
equal to the accumulation period, i.e. 10, 15 and 20 years
Modes of premium payment: Yearly, Half Yearly, Quarterly, Monthly, SSS
and Single Premium
Sum Assured: Rs.1 lakh and over in multiples of Rs.5,000/-.
ELIGIBILITY CONDITIONS FOR ACCIDENT BENEFIT RIDER

(Allowed under Regular Premium policies only):
Ages at entry:18 to 60 years nearest birthday
Maximum age at which premium payment ceases: 70 years nearest
birthday
Age up to which life cover available: 70 years
Minimum age at end of Accumulation Period: 18 years last birthday
Premium paying terms: Equal to the accumulation period, i.e. 10, 15 and
20 years
Modes of premium payment: Yearly, Half Yearly, Quarterly, Monthly, SSS
and Single Premium
Sum Assured: Rs.25,000 to Rs.50 lakh, considering all Accident Benefit
Sums Assured under individual and group policies and Accident Benefit
Rider Sum Assured under new proposals into consideration. The Sum
Assured can be in multiples of Rs.5,000/-.
Availability of Rider: During the chosen Accumulation Period.
REBATES/EXTRA FOR MODE OF PREMIUM PAYMENT AND HIGH

SUM ASSURED:
• Mode Rebate:
Yearly mode: 2% of tabular Premium
Half-yearly mode: 1% of the tabular premium
Quarterly: NIL
In case of monthly mode other than SSS, an additional amount of 5% of
tabular premium will be charged.
• High Sum Assured Rebates:

For Annual premium
Rs.1.25%o Sum Assured for Sum Assured Rs 2 lakh and over;
Rs. 2.25%o Sum Assured for Sum Assured Rs 5 lakh and over.
For Single premium
Rs.7.50%o Sum Assured for Sum Assured Rs 2 lakh and over;
Rs.12.50%o Sum Assured for Sum Assured Rs 5 lakh and over.
EXCLUSIONS:
This policy shall be void if the Life Assured commits suicide (whether sane
or insane at the time) at any time on or after the date on which the risk
under the policy has commenced but before the expiry of one year from
the date of commencement of risk under the policy and the Corporation
will not entertain any claim by virtue of this Policy except to the extent of a
third party's bonafide beneficial interest acquired in the policy for valuable
consideration of which notice has been given in writing to the office to
which premiums under this policy were paid last, at least one calendar
month prior to death.
Statutory Warning
based on the future performance of your insurer carrying on life insurance
marked “guaranteed” in the illustration table on this page. If your policy
offers variable returns then the illustrations on this page will show two
different rates of assumed future investment returns. These assumed rates of
return are not guaranteed and they are not the upper or lower limits of what
you might get back as the value of your policy is dependent on a number of
factors including future investment performance.”
Illustration 1:
Accumulation period: 10 years
Premium paying term: Single Premium
Single Premium: Rs. 75,600/-
Simple Reversionary Bonus:
Scenario 1: Rs.20/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.88/- per Rs.1,000/- Basic Sum Assured per annum.
Loyalty Addition:
Year Total Benefit Payable On Death/Maturity At The End Of
Premiums Year
Paid Till Guaranteed Variable Total
End Of
Year Scenario Scenario Scenario Scenario
1 2 1 2
10 75,600 - 20,000 88,000 20,000 88,000
11 to 75,600 5,500 -
- 5,500 5,500
64
65 75,600 1,05,500 39,000 1,95,000 1,44,500 3,00,500
Death Benefit:
Total Benefit on death during the year
End Premiums Variable Total
Of Paid Till
Year 1 2 1 2
1 5453 1,00,000 2,000 8,800 1,02,000 1,08,800
2 10906 1,00,000 4,000 17,600 1,04,000 1,17,600
3 16359 1,00,000 6,000 26,400 1,06,000 1,26,400
4 21812 1,00,000 8,000 35,200 1,08,000 1,35,200
5 27265 1,00,000 10,000 44,000 1,10,000 1,44,000
6 32718 1,00,000 12,000 52,800 1,12,000 1,52,800
7 38171 1,00,000 14,000 61,600 1,14,000 1,61,600
8 43624 1,00,000 16,000 70,400 1,16,000 1,70,400
9 49077 1,00,000 18,000 79,200 1,18,000 1,79,200
10 54530 1,00,000 20,000 88,000 1,20,000 1,88,000
15 81795 1,00,000 12,000 60,000 1,12,000 1,60,000
20 109060 1,00,000 18,000 90,000 1,18,000 1,90,000
25 136325 1,00,000 24,000 1,20,000 1,24,000 2,20,000
1,00,000 30,000 1,50,000 1,30,000 2,50,000
1,00,000 36,000 1,80,000 1,36,000 2,80,000
1,00,000 39,000 1,95,000 1,39,000 2,95,000
Illustration 2:
Single Premium: Rs. 64,400/-

Loyalty Addition:
Survival / Maturity Benefits:

Total Benefits payable on survival / maturity at the
Premiums end of year
End Of Guaranteed Scenario Scenario Scenario Scenario
Year 1 2 1 2
1,32,000
64,400 - 30,000 1,32,000 30,000
15
16 to 64 64,400 5,500 - - 5,500 5,500
65 64,400 1,05,500 39,000 1,95,000 1,44,500 3,00,500
Death Benefit:
Premiums Variable Total
Year Paid Till
Year 1 2 1 2
1,08,800
64,400 1,00,000 2,000 8,800 1,02,000
1
2 64,400 1,00,000 4,000 17,600 1,04,000 1,17,600
3 64,400 1,00,000 6,000 26,400 1,06,000 1,26,400
4 64,400 1,00,000 8,000 35,200 1,08,000 1,35,200
5 64,400 1,00,000 10,000 44,000 1,10,000 1,44,000
6 64,400 1,00,000 12,000 52,800 1,12,000 1,52,800
7 64,400 1,00,000 14,000 61,600 1,14,000 1,61,600
8 64,400 1,00,000 16,000 70,400 1,16,000 1,70,400
9 64,400 1,00,000 18,000 79,200 1,18,000 1,79,200
10 64,400 1,00,000 20,000 88,000 1,20,000 1,88,000
15 64,400 1,00,000 30,000 1,32,000 1,30,000 2,32,000
20 64,400 1,00,000 12,000 60,000 1,12,000 1,60,000
30 64,400 1,00,000 18,000 90,000 1,18,000 1,90,000
40 64,400 1,00,000 24,000 1,20,000 1,24,000 2,20,000
50 64,400 1,00,000 30,000 1,50,000 1,30,000 2,50,000
60 64,400 1,00,000 36,000 1,80,000 1,36,000 2,80,000
65 64,400 1,00,000 39,000 1,95,000 1,39,000 2,95,000
Illustration 3:
Annual Premium: Rs.54,800/-

Loyalty Addition:
Survival / Maturity Benefits:

Year 1 2 1 2
176,000
54,800 - 40,000 176,000 40,000
20
21 to 64 54,800 5,500 - - 5,500 5,500
65 54,800 1,05,500 39,000 1,95,000 1,44,500 3,00,500
Death Benefit:
Year Paid Till
Year 1 2 1 2
1,08,800
54,800 1,00,000 2,000 8,800 1,02,000
1
2 54,800 1,00,000 4,000 17,600 1,04,000 1,17,600
3 54,800 1,00,000 6,000 26,400 1,06,000 1,26,400
4 54,800 1,00,000 8,000 35,200 1,08,000 1,35,200
5 54,800 1,00,000 10,000 44,000 1,10,000 1,44,000
6 54,800 1,00,000 12,000 52,800 1,12,000 1,52,800
7 54,800 1,00,000 14,000 61,600 1,14,000 1,61,600
8 54,800 1,00,000 16,000 70,400 1,16,000 1,70,400
9 54,800 1,00,000 18,000 79,200 1,18,000 1,79,200
10 54,800 1,00,000 20,000 88,000 1,20,000 1,88,000
20 54,800 1,00,000 40,000 1,76,000 1,40,000 2,76,000
30 54,800 1,00,000 18,000 90,000 1,18,000 1,90,000
40 54,800 1,00,000 24,000 1,20,000 1,24,000 2,20,000
50 54,800 1,00,000 30,000 1,50,000 1,30,000 2,50,000
60 54,800 1,00,000 36,000 1,80,000 1,36,000 2,80,000
65 54,800 1,00,000 39,000 1,95,000 1,39,000 2,95,000
Year 1 2 1 2
64,000
10 1,06,920 - 20,000 64,000 20,000
11 to 64 1,06,920 5,500 - - 5,500 5,500

65 1,06,920 1,05,500 39,000 1,56,000 1,44,500 2,61,500
Death Benefit:

Year Paid Till
Year 1 2 1 2
1,06,400
10,692 1,00,000 2,000 6,400 1,02,000
1
2 21,384 1,00,000 4,000 12,800 1,04,000 1,12,800
3 32,076 1,00,000 6,000 19,200 1,06,000 1,19,200
4 42,768 1,00,000 8,000 25,600 1,08,000 1,25,600
5 53,460 1,00,000 10,000 32,000 1,10,000 1,32,000
6 64,152 1,00,000 12,000 38,400 1,12,000 1,38,400
7 74,844 1,00,000 14,000 44,800 1,14,000 1,44,800
8 85,536 1,00,000 16,000 51,200 1,16,000 1,51,200
9 96,228 1,00,000 18,000 57,600 1,18,000 1,57,600
10 1,06,920 1,00,000 20,000 64,000 1,20,000 1,64,000
20 1,06,920 1,00,000 12,000 48,000 1,12,000 1,48,000
30 1,06,920 1,00,000 18,000 72,000 1,18,000 1,72,000
40 1,06,920 1,00,000 24,000 96,000 1,24,000 1,96,000
50 1,06,920 1,00,000 30,000 1,20,000 1,30,000 2,20,000
60 1,06,920 1,00,000 36,000 1,44,000 1,36,000 2,44,000
65 1,06,920 1,00,000 39,000 1,56,000 1,39,000 2,56,000
Insurance Plans - Anmol Jeevan-I
On Death during
the Term of the Sum Assured
Policy
On Maturity Nil
Restrictions
Minimum age at entry 18 years (completed)
Maximum age at entry 55 years (nearer birthday)
Maximum age at maturity 65 years
Minimum Term 5 years
Maximum Term 25 years
Minimum Sum Assured Rs.5,00,000/-
Maximum Sum Assured Less than 25,00,000 .
Yearly, Half- Yearly and
Mode of Premium Payment*
Single premium
Note : The policy would be issued in multiples of Rs. one lakh for Sum
Assured above Rs. five lakh.
Rebate
i) Sum Assured Rebate : NIL in case of regular premium policies .
ii) Mode Rebate : 1 % of Annual premium for yearly mode and nil for Half-
Yearly mode.
Underwriting, Age Proof and Medical Requirements

The plan is available to Standard and Sub-standard lives (upto Class VI
EMR). This plan is also available to female lives (category I and II lives
only) and to physically handicapped persons subject to certain conditions.
Standard age proof will have to be submitted along with the Proposal
Form.
PAID-UP AND SURRENDER VALUE :
i) The policy will not acquire any paid-up value.

ii) No Surrender Value will be available under this plan.
Loan
No loan will be granted under this plan.
Grace Period For Non-Forfeiture Provisions

A grace period of 15 days will be allowed for payment of yearly or half-
yearly premiums. If death occurs within this period and before the payment
of the premium then due, the policy will still be valid and the Sum Assured
paid after deduction of the said premium as also unpaid premiums falling
due before the next policy anniversary of the Policy. If the premium is not
paid before the expiry of the days of grace, the Policy lapses.
Revival
If the Policy has lapsed, it may be revived during the life time of the Life
Assured, but before the date of expiry of policy term, on submission of
proof of continued insurability to the satisfaction of the Corporation and the
payment of all the arrears of premium together with interest at such rate
as may be prevailing at the time of the payment. The corporation reserves
the right to accept or decline the revival of discontinued policy. The revival
of the discontinued policy shall take effect only after the same is approved
by the Corporation and is specifically communicated to the Life Assured.
The cost of the Medical reports, including Special Reports, if any, required
for the purposes of revival of the policy, should be borne by the Life
Assured.
Payment Of claims
No Claims concession will be applicable to this Policy.
Back-Dating Interest
The policy can be back dated within the financial year. No dating back
interest shall be charged.
Unit Plans - Jeevan Saathi Plus
“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT

PORTFOLIO IS BORNE BY THE POLICYHOLDER”
LIC’s Jeevan Saathi Plus is a unit linked plan wherein a couple can take the
insurance cover on their lives under a single policy. The proposer under
the plan shall be called Principal Life Assured (P.L.A.) and the other life
(wife/husband) shall be called Spouse Life Assured (S.L.A.). The premiums
can be paid either in lump sum (single premium) or regularly throughout
policy term. The P.L.A. can choose the level of cover (Sum Assured) for
both lives within the limits, which will depend on whether the policy is a
Single premium or Regular premium contract, age and the amount of
premium agreed to pay. For regular premium policies, in case of death of
the P.L.A. during the term of the policy, the plan also provides for waiver
of all future premiums including outstanding premiums, if any, provided
life cover is in force.
P.L.A. will also have an option to make additional investments under the
policy through Top-up premiums.
Four types of investment Funds are offered. Premiums paid after allocation
charge will purchase units of the Fund type chosen. The Unit Fund is
subject to various charges and value of units may increase or decrease,
depending on the Net Asset Value (NAV).
1. Payment of Premiums: P.L.A. may pay premiums regularly at yearly,

half-yearly, quarterly or monthly (through ECS mode only) intervals over
the term of the policy. Alternatively, a Single premium can be paid.
2. Eligibility Conditions and Other Restrictions:

(a) Minimum Age at entry - 18 years (completed)
(b) Maximum Age at entry - 55 years (age nearer birthday)
(c) Maximum Maturity Age - 70 years (age nearer birthday)
(d) Policy Term -
Regular premium: [10, 15 to 20] years
Single premium: [10 to 20] years
(e) Minimum Premium -
Regular premium (other than monthly (ECS) mode):
Rs. [10,000] p.a. for policy term 15 to 20 years
Rs. [15,000] p.a. for policy term 10 years
Regular premium (for monthly (ECS) mode):

Rs. [1,000] p.m. for policy term 15 to 20 years
Rs. [1,500] p.m. for policy term 10 years
Single premium: Rs. [40,000]
(f) Minimum Sum Assured -

Regular Premium: 5 times the annualized premium for each of P.L.A and
S.L.A.
Single Premium: 1.25 times the single premium for each of P.L.A and
S.L.A.
(g) Maximum Sum assured -
Inclusive of both Principal Life Assured and Spouse Life assured, subject to
the minimum sum assured condition as e) above.
Regular Premium:
30 times the annualized premium if age at entry for both the lives is upto
40 years
20 times the annualized premium if age at entry for any one of the lives is
41 years and above
Single Premium:
5 times the single premium if age at entry for both the lives is upto 40
years
2.5 times the single premium if age at entry for any one of the lives is 41
years and above
Further the sum assured for the spouse shall be less than or equal to the
Principal Assured subject to the minimum sum assured condition.
Where the minimum Sum Assured is not in the multiples of Rs. 5,000, it
will be rounded off to the next multiple of Rs. 5,000. Annualized Premiums
shall be payable in multiple of Rs. 1,000 for other than ECS monthly. For
monthly (ECS), the premium shall in multiples of Rs. 250/-.
3. Other Features:
• Top-up (Additional Premium): P.L.A. can pay Top-up premium in

multiples of Rs.1,000/- at anytime during the term of the policy
without increasing the sum assured. In case of yearly, half-yearly,
quarterly or monthly (ECS) mode of premium payment such Top-up
can be paid only if all due premiums have been paid under the
policy. At any point of time, the total of top-up premiums cannot
exceed 25% of total amount of regular premiums paid upto that
date or 25% of single premium paid.
Top-up premium shall not be allowed to be paid after the death of P.L.A.
• Partial Withdrawals: P.L.A.may encash the units partially after

the third policy anniversary subject to the following:
Partial withdrawals may be in the form of fixed amount or in the
form of fixed number of units.
1. Under regular premium policies where premiums have been paid for
less than 3 years’ and further premiums are not paid, the partial
withdrawal shall not be allowed.
2. Under regular premium policies where atleast 3 years’ premiums
have been paid, partial withdrawal will be allowed subject to a
minimum balance of two annualized premiums in the Policyholder’s
Fund Value.
3. Under Single Premium policies, the partial withdrawal will be
allowed subject to a minimum balance of Rs. 5000/- in the
Policyholder’s Fund or 10% of single premium, whichever is higher.
4. Partial withdrawal from Policyholder’s Fund pertaining to top-up
premiums shall be allowed only after completion of three years from
the date of allocation of that top-up premium. This condition will not
apply if the top-up premiums are paid during the last three years of
the policy term.
5. If death benefit sum assured is transferred to the Policyholder’s
Fund on death of either P.L.A. or S.L.A., the same shall be allowed
to be withdrawn from the fund without any restriction of three years
waiting period.
6. After the death of P.L.A. during the policy term, the S.L.A. can
partially withdraw the units subject to the conditions (i) to (vi)
mentioned above.
• Switching: The policyholder (i.e. P.L.A. or if P.L.A. is not alive, then

S.L.A.) can switch between any fund types during the policy term.
Within a given policy year, 4 switches will be allowed free of charge.
Subsequent switches shall be subject to a switching charge of
Rs.100 per switch.
• Increase / Decrease of risk covers: No increase of covers will be

allowed under the plan. The P.L.A. can, however, decrease the risk
covers for the self, spouse or for both once in a year during the
Policy term, provided all the premiums due under the Policy have
been paid. The reduced levels of cover will be available within the
limits specified in para 3 above. Further, once the risk cover has
been reduced, the same cannot be subsequently increased/
restored.
• Option to transfer the Death Benefit sum assured to the

Policyholder’s Fund: On the death of either the P.L.A. or S.L.A.,
the surviving life shall have an option of not taking the death benefit
(Sum Assured) immediately but can transfer the same to the
Policyholder’s Fund. This option has to be exercised along with
death intimation. This amount may be withdrawn in full or partially
from the Policyholder’s fund by way of Partial withdrawals at any
time in future without any restriction of three years waiting period.
• Option to continue the cover after the revival period: If atleast

three years’ premiums have been paid under the policy, P.L.A. may
opt for continuation of cover beyond the revival period without
reviving the policy and paying any further premiums. This option
shall be required to be exercised atleast one month before the
completion of the revival period. If this option is availed, the cover
under the policy shall continue by deduction of relevant charges out
of policy fund. This option shall be continued till the Policyholder’s
Fund Value reaches one annualized premium. No further premiums
shall be allowed to be paid after the revival period is over.
• Discontinuance of premiums: If premiums are payable either

yearly, half-yearly, quarterly or monthly (ECS) and the same have
not been duly paid within the days of grace under the Policy, the
Policy will lapse. A lapsed policy can be revived during the period of
two years from the due date of first unpaid premium.
Where atleast 3 years’ premiums have been paid, and the policy lapses,
the Life Cover and Premium Waiver Benefit cover shall continue during the
revival period.
During this period, the mortality charges shall be taken, as usual, in

addition to other charges, by cancelling an appropriate number of units out
of the Policyholder’s Fund Value every month. This will continue to provide
relevant risk covers for:
1. two years from the due date of first unpaid premium,

or
2. till the date of maturity, or
3. till such period that the Policyholder’s Fund Value
reduces to one annualized premium,
whichever is earlier.
Further, the P.L.A. may opt for continuation of cover beyond the revival
period without reviving the policy. This option shall be required to be
exercised atleast one month before the completion of the revival period. If
this option is availed, the life cover and cover for waiver of premiums
under the policy shall continue by deduction of relevant charges out of
policy fund. This option shall continue till the Policyholder’s Fund Value
reaches one annualized premium. No further premiums shall be allowed to
be paid after the revival period is over.
The benefits payable under the policy in different contingencies during the
above said period shall be as under:
a. In case of death of P.L.A. while S.L.A. is alive: Sum Assured as

applicable to P.L.A. shall be payable to the S.L.A. and payment of all future
premiums due under the policy shall be waived. Units equivalent to an
amount equal to all future premiums including outstanding premiums, if
any, (i.e. sum total of all premiums payable under the policy less total
premiums paid under the policy) shall be credited to the policyholder’s
fund. The units shall be allocated at the unit price applicable for the fund
type opted for under the policy. The policy shall continue.
b. In case of death of P.L.A. after the death of S.L.A.: Sum
Assured as applicable to P.L.A. plus policyholder’s fund value
together with an amount equal to all future premiums including
outstanding premiums, if any, (i.e. sum total of all premiums
payable under the policy less total premiums paid under the policy)
shall be payable and the policy shall terminate.
c. In case of death of S.L.A. while P.L.A. is alive: Sum Assured as
applicable to S.L.A. shall be payable to P.L.A.
d. In case of death of S.L.A. after the death of P.L.A.: Sum
Assured as applicable to S.L.A. plus policyholder’s fund value shall
be payable and the policy shall terminate.
e. On Simultaneous death of P.L.A. and S.L.A.: Sum Assureds as
applicable to both P.L.A. and S.L.A. plus policyholder’s fund value
together with an amount equal to all future premiums including
outstanding premiums, if any, shall be payable and the policy shall
terminate.
f. On maturity: The Policyholder’s Fund Value.
g. In case of Surrender (including Compulsory Surrender): The
Policyholder’s Fund Value. The Surrender value, however, shall be
paid only after the completion of 3 policy years.
h. In case of Partial Withdrawals: Partial withdrawals shall be
allowed subject to a minimum balance of two annualized premiums
in the Policyholder’s Fund Value.
i. Where the policy lapses without payment of at least 3 years’
premiums, the Life Cover and Premium Waiver Benefit cover shall
cease and no charges for these benefits shall be deducted.
However, deduction of all the other charges shall continue. The
benefits under such a lapsed policy shall be payable as under:
j. In case of death of P.L.A. while S.L.A. is alive: Policyholder’s
Fund Value is payable and the policy will terminate.
k. In case of death of P.L.A. after the death of S.L.A.:
Policyholder’s Fund Value is payable and the policy will terminate.
l. In case of death of S.L.A. while P.L.A. is alive: Nil.
m. On Simultaneous death of P.L.A. and S.L.A.: Policyholder’s Fund
Value is payable and the policy will terminate.
n. In case of Surrender (including Compulsory
Surrender): Policyholder’s Fund Value / monetary value of units,
as the case may be, shall be payable after the completion of the
third policy anniversary. No amount shall be payable within 3 years
from the date of commencement of policy.
o. In case of Partial withdrawal: Partial Withdrawals shall not be
allowed under such a policy even after completion of 3 years period.
• Revival: If due premium is not paid within the days of grace, the
policy lapses. A lapsed policy can be revived by P.L.A. during the
period of two years from the due date of first unpaid premium or
before maturity, whichever is earlier. The period during which the
policy can be revived will be called “Period of revival” or “revival
period”.
If premiums have not been paid for atleast 3 full years, the policy may be
revived within two years from the due date of first unpaid premium. The
revival shall be made on submission of proof of continued insurability on
both the lives to the satisfaction of the Corporation and the payment of all
the arrears of premium without interest.
If atleast 3 full years’ premiums have been paid and subsequent premiums
are not paid, the policy may be revived within two years from the due date
of first unpaid premium but before the date of maturity, if earlier. No proof
of continued insurability shall be required and all arrears of premium
without interest shall be required to be paid.
The Corporation reserves the right to accept the revival at its own terms or
decline the revival of a lapsed policy. The revival of a lapsed policy shall
take effect only after the same is approved by the Corporation and is
specifically communicated in writing to the P.L.A.
Irrespective of what is stated above, if less than 3 years’ premiums have

been paid and the Policyholder’s Fund Value is not sufficient to recover the
charges, the policy shall terminate and thereafter revival will not be
entertained. If 3 years’ or more than 3 years’ premiums have been paid
and the Policyholder’s Fund Value reduces to one annualized premium, the
policy shall terminate and Policyholder’s Fund Value as on such date shall
be refunded to the P.L.A. or if P.L.A. is not alive, then S.L.A. and thereafter
revival will not be allowed.
• Settlement Option: When the policy comes for maturity, the

policyholder (i.e. P.L.A. or if P.L.A. is not alive, then S.L.A.) may
exercise “Settlement Option” and may receive the policy money in
instalments spread over a period of not more than five years from
the date of maturity. During the Settlement Option period no
charges other than the Fund Management Charge shall be deducted.
There shall not be any life cover during this period. The value of
instalment payable on the date specified shall be subject to
investment risk i.e. the NAV may go up or down depending upon
the performance of the fund.
4. Reinstatement:
A policy once surrendered cannot be reinstated.
5. Risks borne by the Policyholder:
1. LIC’s Jeevan Saathi Plus Plan is a Unit Linked Joint Life Insurance
product which is different from the traditional insurance products
and is subject to the risk factors.
2. The premium paid in Unit Linked Life Insurance policies are subject
to investment risks associated with capital markets and the NAVs of
the units may go up or down based on the performance of fund and
factors influencing the capital market and the policyholder is
responsible for his/her decisions.
3. Life Insurance Corporation of India is only the name of the
Insurance Company and LIC’s Jeevan Saathi Plus is only the name
of the unit linked life insurance contract and does not in any way
indicate the quality of the contract, its future prospects or returns.
4. Please know the associated risks and the applicable charges, from
your Insurance agent or the Intermediary or policy document of the
insurer.
5. The various funds offered under this contract are the names of the
funds and do not in any way indicate the quality of these plans,
their future prospects and returns.
6. All benefits under the policy are also subject to the Tax Laws and
other financial enactments as they exist from time to time.
6. Cooling off period:

If you are not satisfied with the “Terms and Conditions” of the policy, you
may return the policy to us within 15 days. The amount to be refunded in
case the policy is returned within the cooling-off period shall be
determined as under:
Value of units in the Policyholder’s Fund
Plus unallocated premium.
Plus PolicyAdministration charge deducted
Less charges @ Rs.0.20per thousand Sum Assured of P.L.A. and S.L.A.
taken together
Less Actual cost of medical examination and special reports, if any, for
both the lives.
7. Loan:
No loan will be available under this plan.
8. Assignment:
Assignment will be allowed under this plan.
9. Exclusions:
In case the P.L.A. commits suicide at any time within one year, the
Corporation will not entertain any claim by virtue of the policy except to
the extent of the Policyholder’s Fund Value on death and in case S.L.A.
commits suicide at any time within one year, the Corporation will not
entertain any claim by virtue under the policy.
A) Death Benefit
On death of P.L.A. while S.L.A. is aliv
Sum Assured as applicable to P.L.A. shall be payable to the S.L.A.
Also, in case of regular premium policy, when the cover is in full force, payment of all futur
premiums due under the policy shall be waived. Units equivalent to an amount equal to a
future premiums including outstanding premiums, if any, (i.e. sum total of all premiums payabl
under the policy less total premiums paid under the policy) shall be credited to th
policyholder’s fund. The units shall be allocated at the unit price applicable for the fund typ
opted for under the policy. The policy shall continue.
On death of P.L.A. after the death of S.L.A
Sum Assured as applicable to P.L.A. plus policyholder’s fund value together with an amoun
equal to all future premiums including outstanding premiums, if any, (i.e. sum total of a
premiums payable under the policy less total premiums paid under the policy) shall be payabl
and the policy shall terminate.
On death of S.L.A. while P.L.A. is aliv

Sum Assured as applicable to S.L.A. shall be payable to P.L.A.
On death of S.L.A. after the death of P.L.A

Sum Assured as applicable to S.L.A. plus policyholder’s fund value shall be payable and th
policy shall terminate.
On Simultaneous death of P.L.A. and S.L.A

Sum Assureds as applicable to both P.L.A. and S.L.A. plus policyholder’s fund value togethe
with an amount equal to all future premiums including outstanding premiums, if any, (i.e. sum
total of all premiums payable under the policy less total premiums paid under the policy) sha
be payable and the policy shall terminate.
B) Maturity Benefit:
On both P.L.A and/or S.L.A. surviving the date of maturity an amount equal to the Policyholder’
Fund Value is payable.
1. Investment of Funds: The premiums allocated to purchase units will be strictly investe
according to the investment pattern committed in various fund types. Various types of fund an
their investment pattern will be as under:
Fund Type Investment in Short-term Investment in Details and objective of

Government / investments Listed Equity the fund for risk /return
Government such as money Shares
Guaranteed market
Securities / instruments
Corporate
Debt
Bond Fund Not less than Not more than Nil Low risk
60% 40%
Secured Not less than Not more than Not less than Steady Income –Lower to
Fund 45% 40% 15% & Medium risk
Not more than
55%
Balanced Not less than Not more than Not less than Balanced Income and
Fund 30% 40% 30% & growth – Medium risk
Not more than
70%
Growth Not less than Not more than Not less than Long term Capital growth –
Fund 20% 40% 40% & High risk
Not more than
80%
The Policyholder has the option to choose any ONE of the above 4 funds.
2. Method of Calculation of Unit price: Units will be allotted based on the Net Asset Valu
(NAV) of the respective fund as on the date of allotment. There is no Bid-Offer spread (the Bi
price and Offer price of units will both be equal to the NAV). The NAV will be computed on dail
basis and will be based on investment performance, Fund Management Charge and whethe
fund is expanding or contracting under each fund type and shall be calculated as under
Appropriation price is applied (when fund is expanding):

Market value of investment held by the fund plus the expenses incurred in the purchase of th
assets plus the value of any current assets plus any accrued income net of fund managemen
charges less the value of any current liabilities less provisions, if any divided by the number o
units existing at the valuation date (before any new units are allocated).
Expropriation price is applied (when fund is contracting):

Market value of investment held by the fund less the expenses incurred in the sale of asset
plus the value of any current assets plus any accrued income net of fund management charge
less the value of any current liabilities less provisions, if any divided by the number of unit
existing at the valuation date (before any units redeemed).
Applicability of Net Asset Value (NAV )

The premiums received up to a particular time (presently 3 p.m.) by the servicing branch of th
corporation through ECS or by way of a local cheque or a demand draft payable at par at th
place where the premium is received, the closing NAV of the day on which premium is receive
shall be applicable. The premiums received after such time by the servicing branch of th
corporation through ECS or by way of a local cheque or a demand draft payable at par at th
place where the premium is received, the closing NAV of the next business day shall b
applicable.
Similarly, in respect of the valid applications received for surrender, partial withdrawal, deat
claim, switches etc up to such time by the servicing branch of the Corporation closing NAV o
that day shall be applicable. For the valid applications received in respect of surrender, partia
withdrawal, death claim, switches etc after such time by the servicing branch of the Corporatio
the closing NAV of the next business day shall be applicable.
In respect of maturity claim, NAV of the date of maturity shall be applicable.
The timing given is as per the existing guidelines and changes in this regard shall be as per th
instructions from IRDA.
3. Charges under the Plan:

A) Premium Allocation Charge: This is the percentage of the premium deducted toward
charges from the premium received. The balance constitutes that part of the premium which i
utilized to purchase (Investment) units for the policy. The allocation charges are as below:
Single premium
Allocation Charge
Premium Band
Up to 15,00,000 4.25%
15,00,001 and above 4.00%
Regular Premium
Allocation charge
Premium Band
(per annum) 2nd & 3rd
First year thereafter
year
10,000 to 1,50,000 29.00% 5.00% 2.50%
1,50,001 to
28.00% 5.00% 2.50%
2,50,000
2,50,001 and above 27.50% 5.00% 2.50%
Allocation charge for Top-up: 1.25%
B) Charges for Risk Covers:

Mortality Charge
a) Life Cover Charge: It is the charge to meet the cost of life assurance cover for each of th
lives assured (i.e. P.L.A. and S.L.A.)
b) Premium Waiver Benefit Charge (applicable in case of regular premium policies only): It i
the charge to meet the cost of waiver of all future premiums including outstanding premiums,
any, on the death of P.L.A.
This charge is age specific and will be deducted every month on the life of both P.L.A. and
S.L.A. till they are alive. However the charge to cover the cost of waiver of future premiums wi
be deducted till P.L.A. is alive and will be based on the age of the P.L.A. and shall cease on th
death of P.L.A
The charges per Rs. 1000/- cover (sum of life cover and cover for waiver of future premium
including outstanding premiums, if any) for some of the ages in respect of a healthy life are a
under:
Age 25 35 45 55
Rs. 1.42 1.73 3.89 10.76
C) Other Charges: The following charges shall be deducted during the term of the policy:
i. Policy Administration charge - Rs. 60/- per month during the first policy year, Rs 20/
per month during the second year and thereafter, from the third year on wards till the end o
the policy term Rs. 20/- per month escalating at 3% p.a. shall be levied.
ii. Fund Management Charge –It is a charge levied as a percentage of the value of units a
following rates:
0.50% p.a. of Unit Fund for “Bond” Fun

0.60% p.a. of Unit Fund for “Secured” Fun
0.70% p.a. of Unit Fund for “Balanced” Fun
0.80% p.a. of Unit Fund for “Growth” Fund
iii. Switching Charge – This is a charge levied on switching of monies from one fund t
another. Within a given policy year 4 switches will be allowed free of charge. Subsequen
switches in that year shall be subject to a switching charge of Rs. 100 per switch.
iv. Bid/Offer Spread – Nil.
v. Surrender Charge – Nil.
vi. Miscellaneous Charge – This is a charge levied for an alteration within the contract, suc
as change in premium mode, etc. An alteration may be allowed subject to a charge of Rs
50/-.
vii. Service Tax Charge – A service tax charge, if any, shall be levied on the following charge
a)Policy Administration charge, Mortality charge (as mentioned in para 6.B) by cancelin
appropriate number of units out of the Policyholder’s Fund Value on a monthly basis as an
when the corresponding Policy Administration and Mortality charges are deducted.
b) Premium allocation charge - at the time of allocation of premium.
c) Fund Management charge– at the time of deduction of Fund Management Charge.
d) Switching charge - at the time of effecting switch
e) Alteration (as provided under Miscellaneous charge) - on the date of alteration in th
policy.
The level of this charge will be as per the rate of service tax as applicable from time to time
Presently, the rate of Service Tax is 10% with an educational cess at the rate of 3% thereo
and hence effective rate is 10.30%
D) Right to revise charges: The Corporation reserves the right to revise all or any of th
above charges except the Premium Allocation charge and Mortality charge. The modification i
charges will be done with prospective effect with the prior approval of IRDA.
Although the charges are reviewable, they will be subject to the following maximum lim
exclusive of service tax
- Policy Administration Charge
Rs. 150/- per month during the first policy year, Rs. 50/- per month during the second year an
thereafter, from the third year on wards till the end of the policy term Rs. 50/- per month
escalating at 3% p.a
- Fund Management Charge: The Maximum for each Fund will be as follows:
1. Bond Fund: 1.00% p.a. of Unit Fund

2. Secured Fund: 1.10% p.a. of Unit Fund
3. Balanced Fund: 1.20% p.a. of Unit Fund
4. Growth Fund: 1.30% p.a. of Unit Fund
- Switching Charge shall not exceed Rs. 200/- per switch.
- Miscellaneous Charge shall not exceed Rs. 100/- each time when an alteration is requested
In case the policyholder does not agree with the revision of charges the policyholder shall hav
the option to terminate the contract and withdraw the Policyholder’s Fund Value.
4. Surrender:
The Surrender value, if any, is payable only after completion of the third policy anniversary both
under Single and Regular Premium contracts. The surrender value will be the Policyholder’
Fund Value at the date of surrender. There will be no Surrender charge
The policy can be surrendered by P.L.A.. After the death of P.L.A. during the policy term, th
policy can be surrendered by the S.L.A.
If P.L.A./S.L.A. applies for surrender of the policy within 3 years from the date o
commencement of policy, then the Policyholder’s Fund Value shall be converted into monetar
terms. No charges shall be made thereafter and this monetary amount shall be paid o
completion of 3 years from the date of commencement of policy.
In case of death of the policyholder after the date of surrender but before the completion of
years from the date of commencement of policy the monetary value payable on completion of
years shall be payable.
Compulsory Surrender
The policy shall be surrendered compulsorily in following cases
i) where the policy is not revived during the period of revival or the P.L.A. has not opted fo
continuing the cover after the revival period (where atleast 3 years premium have been paid)
the policy shall be terminated after completion of 3 years from the date of commencement o
the policy or on expiry of revival period, whichever is later. However, if the date of maturity fall
before the expiry of revival period, then the policy shall be terminated on the date of maturity
ii) in case of single premium policy or regular premium policy where premiums have been pai
for less than 3 years and the balance in policyholder’s fund value is not sufficient to recover th
relevant charges
iii) in case of regular premium policy where premiums have been paid for at least 3 years an
the balance in policyholder’s fund value falls below a minimum balance of one annualize
premium.
Policyholder’s Fund Value shall be converted into monetary value as under

The NAV on the date of application for surrender or on the date when revival period is over (in
case of compulsory surrender), as the case may be, multiplied by the number of units in th
Policyholder’s Fund as on that date will be the monetary amount.
Statutory warning
“Some benefits are guaranteed and some benefits are variable with returns based on the futu
guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on
on this page will show two different rates of assumed investment returns. These assumed rate
of what you might get back as the value of your policy is dependant on a number of factors incl
PRODUCT FEATURES
Name of the Product: LIC's
Unique Identification
Number of lives
Policy Term
Amount of In
Premium Paying
Age
Mode of Premium
Age
Funds opted
Sum Assured for
Service Tax
Sum Assured for
PLA Principal
SLA Spouse Life assured
Statement of Various charges alongwith growth of the fund expected over the duration of the po
Gross
Net Yield: 8.42%
(All charges are in Rupees)
Amount
Available Addition
Premium Policy
Policy Single for Mortality Service Guarantee Other to
Allocation Admin
Year Premium investment Charge tax Charge Charges Fund (if
Charge Charge
( out of any)
premium )
1 40000 1700 38300 319 314 720 0 0 3736

2 0 0 0 331 93 240 0 0 3987
3 0 0 0 349 98 247 0 0 4283
4 0 0 0 371 104 255 0 0 4603
5 0 0 0 397 111 262 0 0 4948
Insurance Plans - Endowment Plus
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS

BORNE BY THE POLICYHOLDER
This is a unit linked Endowment plan which offers investment cum insurance cover
during the term of the policy. You can choose the level of insurance cover within the
limits, which will depend on the mode and level of premium you agree to pay.
You have a choice of investing your premiums in one of the four types of investment
funds available. Premiums paid after deduction of allocation charge will purchase units of
the Fund type chosen. The Unit Fund is subject to various charges and value of units
may increase or decrease, depending on the Net Asset Value (NAV).
1. Payment of Premiums: You may pay premiums regularly at yearly, half-yearly,

quarterly or monthly (through ECS mode only) intervals over the term of the
policy. Alternatively, a Single premium can be paid.
A grace period of 30 days will be allowed for payment of yearly or half-yearly or

quarterly premiums and 15 days for monthly (through ECS) premiums.
2. Eligibility Conditions And Other Restrictions:
(a) Minimum Age at entry - 7 (age last birthday)

(c) Minimum Maturity Age - 18 years (completed)
(d) Maximum Maturity Age - 70 years (age nearer birthday)
(e) Policy Term - 10 to 20 years
(f) Minimum Premium -
Regular premium (other than monthly (ECS) mode): Rs. [20,000] p.a.
Regular premium (for monthly (ECS) mode): Rs. [1,750] p.m.
(g) Maximum Premium -
Regular premium: Rs. [1,00,000] p.a.
Single premium: No Limit
(h) Sum Assured under the Basic Plan -

Minimum Sum Assured:
Regular Premium policies: (Policy Term +1) times the annualized premium
Single Premium:
For age at entry of below 45 years: 1.25 times of the single premium
For age at entry of 45 years and above: 1.10 times of the single premium
Maximum Sum Assured:
Regular Premium policies:
30 times of the annualized premium if age at entry is upto 45 years
25 times of the annualized premium if age at entry is 46 to 60 years
Single Premium Policies:
If Critical Illness Benefit Rider is opted for:
5 times the Single premium if age at maturity is upto 55 years.
3 times the Single premium if age at maturity is 56 to 60 years.
If Critical Illness Benefit Rider is not opted for:
Where the minimum Sum Assured is not in the multiples of Rs. 5,000, it will be
rounded off to the next multiple of Rs. 5,000. Annualized Premiums shall be
payable in multiple of Rs. 1,000 for other than ECS monthly. For monthly (ECS),
the premium shall in multiples of Rs. 250/-.
A) Premium Allocation Charge: This is the percentage of the premium

deducted towards charges from the premium received. The balance constitutes
that part of the premium which is utilized to purchase (Investment) units for the
policy. The allocation charges are as below:
For Single premium policies: 3.3%
For Regular premium policies:
Allocation Charge
Premium
First Year 7.50%
2nd to 5th Year 5.00%
thereafter 3.00%

i) Mortality Charge – This is the cost of life insurance cover which is age specific
and will be taken every month. The life insurance cover is the difference between
Sum Assured under Basic plan and the Fund Value after deduction of all other
charges.
The charges per Rs. 1000/- life insurance cover for some of the ages in respect of
a healthy life are as under:
Age 25 35 45 55
Rs. 1.42 1.73 3.89 10.76
1. Critical Illness Benefit rider Charge – This is the cost of

Critical Illness Benefit rider (if opted for). These are age
specific and will be taken every month.
The charges per Rs. 1000/- Critical Illness Rider Sum Assured per annum for
some of the ages in respect of a healthy life are as under:
Age 25 35 45 55
Rs. 0.91 1.80 5.31 14.44
2. Accident Benefit charge - It is the cost of Accident Benefit

rider (if opted for) and will be levied every month at the rate
of Rs. 0.50 per thousand Accident Benefit Sum Assured per
policy year.
C) Other Charges: The following charges shall be deducted during the term of
the policy:
2. Policy Administration charge - Rs. 30/- per month during the first policy
year and Rs 30/- per month escalating at 3% p.a. thereafter, throughout
the term of the policy shall be levied.
3. Fund Management Charge –It is a charge levied as a percentage of the

value of units at following rates:
0.50% p.a. of Unit Fund for “Bond” Fund

0.60% p.a. of Unit Fund for “Secured” Fund
0.70% p.a. of Unit Fund for “Balanced” Fund
Fund Management Charge shall be appropriated while computing NAV.
4. Switching Charge – This is a charge levied on switching of monies from one

fund to another. Within a given policy year 4 switches will be allowed free
of charge. Subsequent switches in that year shall be subject to a switching
charge of Rs. 100 per switch.
5. Bid/Offer Spread – Nil.

6. Discontinuance Charge – The discontinuance charge for regular premium
policies is as under:
Where the policy Discontinuance charges Discontinuance charges
is discontinued for the policies having for the policies having
during the policy annualized premium up to annualized premium
year Rs. 25,000/- above Rs. 25,000/-
Lower of 10% * (AP or FV) Lower of 6% * (AP or FV)
1 subject to a maximum of Rs. subject to maximum of Rs.
2500/- 6000/-
1750/- 5000/-
1250/- 4000/-
750/- 2000/-
5 and onwards NIL NIL
AP – Annualised Premium
FV – Policyholder’s Fund Value on the date of discontinuance
There shall not be any discontinuance charge under Single Premium.
7. Service Tax Charge – A service tax charge, if any, will be as per the service
tax laws and rate of service tax as applicable from time to time.
8. Miscellaneous Charge – This is a charge levied for an alteration within the

contract, such as reduction in sum assured, change in premium mode and
grant of Accident Benefit after the issue of the policy. An alteration may be
allowed subject to a charge of Rs. 50/-.
D) Right to revise charges: The Corporation reserves the right to revise all or
any of the above charges except the Premium Allocation charge and Mortality
charge. The modification in charges will be done with prospective effect with the
prior approval of IRDA.
Although the charges are reviewable, they will be subject to the following
maximum limit:
1. Policy Administration Charge
Rs. 60/- per month during the first policy year and Rs. 60/- per month escalating
at 3% p.a. thereafter, throughout the term of the policy
2. Fund Management Charge: The Maximum for each Fund will be as

follows:
- Critical Illness Benefit charges shall not exceed by more than 200% of the
current rate.
- Miscellaneous Charge shall not exceed Rs. 100/- each time when an alteration
is requested.
In case the policyholder does not agree with the revision of charges the
policyholder shall have the option to withdraw the Policyholder’s Fund Value.
4. Discontinuance of Premiums:
If you fail to pay premiums under the policy within the days of grace, a notice
shall be sent to you within a period of fifteen days from the date of expiry of
grace period to exercise one of the following options within a period of thirty days
of receipt of such notice:
1. Revival of the policy, or

1. Complete withdrawal from the policy
During the notice period of 30 days, the policy shall be treated as in force and the
charges for Mortality, Accident Benefit and / or Critical Illness Benefit cover, if
any, shall be taken in addition to other charges, by cancelling an appropriate
number of units out of the Policyholder’s Fund Value. The cover shall continue till
the date of discontinuance of the policy (i.e. till the date on which the intimation
is received from the policyholder for complete withdrawal of the policy or till the
expiry of the notice period).
If you do not exercise any option within the stipulated period of 30 days, you shall
be deemed to have exercised the option of complete withdrawal from the policy.
The benefits payable under the policy during the notice period shall be
same as that under an inforce policy, except Partial Withdrawal, which
shall not be allowed if all due premiums have not been paid.
The benefits payable when you exercise the option for complete
withdrawal or you do not exercise any option during the notice period
shall be as under:
If the policy is discontinued within 5 years from the date of commencement of the
policy: If you exercise the option for complete withdrawal from the policy, or you
do not exercise the option within the period of 30 days of receipt of notice, then
the policy shall be compulsorily terminated. The Policyholder’s Fund Value as on
the date of discontinuance of policy after deducting the Discontinuance Charge
shall be converted into monetary terms as specified below and Proceeds of the
discontinued policy as specified below shall be payable after completion of 5 years
from the date of commencement of the policy.
If the policy is discontinued after 5 years from the date of commencement of the
the policy shall be compulsorily terminated and Policyholder’s Fund value shall be
payable.
5. Method of calculation of Monetary amount and Proceeds of the

Discontinued Policy:
The conversion to monetary amount shall be as under:

The NAV on the date of application for surrender or as on the date of
discontinuance of the policy (in case of complete withdrawal of the policy), as the
case may be, multiplied by the number of units in the Policyholder’s Fund Value
as on that date will be the monetary amount.
The Proceeds of the Discontinued Policy shall be calculated as under:

The monetary amount calculated as above shall be transferred to the
Discontinued Policy Fund. This Fund will earn a minimum interest rate of 3.5%
p.a. from the date of discontinuance of the policy to the date of completion of 5
years from the commencement of the policy. In case of death of the life assured,
the interest shall accrue from the date of discontinuance of the policy to the date
of booking of liability. The Proceeds of the discontinued policy shall be the
monetary amount plus the interest accrued on the Discontinued Policy Fund.
6. Compulsory termination:
If the balance in the Policyholder’s Fund Value, at any time is
1. not sufficient to recover the relevant charges, in case of partial withdrawal

of units after the fifth policy anniversary, or
2. less than or equal to the loan outstanding along with interest thereon, if
any loan has been taken under the policy,
the policy shall compulsorily be terminated and the balance amount in the
Policyholder’s Fund Value, if any, shall be refunded to the policyholder
7. Other Features:
8. Guarantee of interest rate on Discontinued Policy Fund: A guaranteed
minimum interest rate of 3.5% p.a. shall be credited to the Discontinued Policy
Fund constituted by the fund value of all discontinued policies.
1. Partial Withdrawals: Youmay encash the units partially after the fifth
policy anniversary and provided all due premiums have been paid subject
to the following:
2. In case of minors, partial withdrawals shall be allowed from the policy
anniversary coinciding with or next following the date on which the life
assured attains majority (i.e. on or after 18th birthday).
3. Partial withdrawals may be in the form of fixed amount or in the form of
fixed number of units.
4. For 2 years’ period from the date of withdrawal, the Sum Assured under
the Basic plan shall be reduced to the extent of the amount of partial
withdrawals made.
5. Partial withdrawal will be allowed subject to a minimum balance of two
annualized premiums in the Policyholder’s Fund Value in case of regular
premium policies and 25% of the single premium paid in case of single
premium policies.
6. Partial Withdrawal shall not be allowed if loan is availed under the policy.
7. Switching: You can switch between the four fund types for the entire Fund
Value during the policy term subject to switching charges, if any.
8. Increase / Decrease of risk covers: No increase of covers will be
allowed under the plan. You can, however, decrease the risk covers,
without reducing the level of premium, once in a year during the Policy
term, provided all due premiums under the Policy have been paid.
9. Revival: If due premium is not paid within the days of grace, a notice shall
be sent to you within a period of fifteen days from the date of expiry of
grace period to exercise the option for revival within a period of thirty days
of receipt of such notice. If you exercise the option to revive the policy,
then the arrears of premium without interest shall be required to be paid.
decline the revival of a policy.
Irrespective of what is stated above, if the Policyholder’s Fund Value is not

sufficient to recover the charges during the notice period, the policy shall
terminate and thereafter revival will not be allowed.
10. Settlement Option: When the policy comes for maturity, you may
exercise “Settlement Option” one month prior to the date of maturity and
receive the policy money in instalments spread over a period of not more
than five years from the date of maturity. There shall not be any life cover
during this period and no charges other than Fund Management Charge
shall be deducted. The value of instalment payable on the date specified
shall be subject to investment risk i.e. the NAV may go up or down
depending upon the performance of the fund.
9. Reinstatement:

11.LIC’s Endowment Plus is a Unit Linked Life Insurance products which is different
from the traditional insurance products and are subject to the risk factors.
12.The premium paid in Unit Linked Life Insurance policies are subject to investment
risks associated with capital markets and the NAVs of the units may go up or
down based on the performance of fund and factors influencing the capital market
and the insured is responsible for his/her decisions.
13.Life Insurance Corporation of India is only the name of the Insurance Company
and LIC’s Endowment Plus is only the name of the unit linked life insurance
contract and does not in any way indicate the quality of the contract, its future
prospects or returns.
14.Please know the associated risks and the applicable charges, from your Insurance
agent or the Intermediary or policy document of the insurer.
15.The various funds offered under this contract are the names of the funds and do
not in any way indicate the quality of these plans, their future prospects and
returns.
16.All benefits under the policy are also subject to the Tax Laws and other financial
enactments as they exist from time to time.
 Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return
the policy to us within 15 days. The amount to be refunded in case the policy is returned
within the cooling-off period shall be determined as under:
Plus unallocated premium
Less charges @ Rs.0.20per thousand Sum Assured under Basic plan
Less Actual cost of medical examination and special reports, if any.
 Loan:
Loan will be available under this plan subject to certain terms and conditions.
 Assignment:

A) Death B
Higher of Sum Assured and the Policyholder’s Fund Value shall be available as death
On the Life Assured surviving to the end of the policy term chosen, an amount equal
Policyholder’s Fund Value is payable.
1. Options:
A) Accident Benefit O
If you are above 18 years of age, you may opt for Accident Benefit equal to the amoun
cover subject to minimum of Rs. 25,000 and maximum of Rs. 50 lakh (taken all policies w
of India and other insurers.) In case of death due to an accident, an additional sum e
Accident Benefit Sum Assured shall be payable.
B) Critical Illness Benefit

If you are between 18 and 50 years of age, you may opt for Critical Illness Benefit equa
life cover subject to a minimum of Rs. 50,000 and maximum of Rs. 10 lakh (includin
policies with LIC of India). This benefit will be available only till the policy anniversary o
the age nearer birthday of the Life Assured is 60 years or till the end of policy term, wh
is earlier. In case of diagnosis of defined categories of Critical Illness subject to certai
and conditions, an additional sum equal to the Critical Illness Benefit shall be payable
2. Investment of Funds: The premiums allocated to purchase units will be strictly i

according to the investment pattern committed in various fund types. Various types of fu
Fund Investment in Short-term Investment in Details

Type Government / investments such Listed Equity objective o
Government as money market Shares fund for
Guaranteed instruments /return
Securities /
Corporate Debt
Bond Not less than 60% Not more than Nil Low risk
Fund
40%
Secured
Fund
Not less than 45% Not less than 15% & Steady Inco
Balanced Not more than Not more than 55% Lower to Me
Fund 40% risk
Not less than 30% &
Growth Not less than 30% Not more than 70% Balanced In
Fund and growt
Not more than Not less than 40% & Medium r
40% Not more than 80%
Not less than 20% Long term C
growth – Hig
Not more than

40%
3. Method of Calculation of Unit price: Units will be allotted based on the Net Asse
(NAV) of the respective fund as on the date of allotment. There is no Bid-Offer spread
price and Offer price of units will both be equal to the NAV). The NAV will be computed
basis and will be based on investment performance, Fund Management Charge and
fund is expanding or contracting under each fund type and shall be calculated as under:
Appropriation price is applied (when fund is expan

Market value of investment held by the fund plus the expenses incurred in the purchas
assets plus the value of any current assets plus any accrued income net of fund mana
charges less the value of any current liabilities less provisions, if any divided by the nu
Expropriation price is applied (when fund is contrac

Market value of investment held by the fund less the expenses incurred in the sale o
plus the value of any current assets plus any accrued income net of fund management
less the value of any current liabilities less provisions, if any divided by the number
Applicability of Net Asset Value

The premiums received up to a particular time (presently 3 p.m.) by the servicing branc
corporation through ECS or by way of a local cheque or a demand draft payable at pa
place where the premium is received, the closing NAV of the day on which premium is r
shall be applicable. The premiums received after such time by the servicing branch
place where the premium is received, the closing NAV of the next business day s
applicable.
Similarly, in respect of the valid applications received for surrender, partial withdrawa
claim, switches and in case of complete withdrawal etc up to such time by the servicing
of the Corporation closing NAV of that day shall be applicable. For the valid applications r
in respect of surrender, partial withdrawal, death claim, switches and in case of c
withdrawal etc after such time by the servicing branch of the Corporation the closing NA
next business day shall be ap
In case of discontinuance, as specified in Para 9 below, wherein the policyholder d
exercise the option within the period of 30 days of receipt of notice then the NAV as on t
of expiry of notice period shall be applicable.
The timing (presently 3 p.m.) is as per the existing guidelines and changes in this rega
be as per the instructions from IRDA.
4. Surrender: The surrender value, if any, is payable as under:
If the policy is surrendered within 5 years from the date of commencement of the
If you apply for surrender of the policy within 5 years from the date of commencement of polic
the Policyholder’s Fund Value after deducting the Discontinuance Charge, if any, shall be co
into monetary terms as per para 10 below. This monetary amount shall be credited to the Disco
Policy Fund and no charges shall be deducted thereafter. The Proceeds of the Discontinued Po
per para 10 below, shall be payable on completion of 5 years from the date of commence
policy.
In case of death of life assured after the date of surrender but before the completion of 5 yea
the date of commencement of policy the Proceeds of the Discontinued Policy shall be payable
nominee/ legal heir immediately.
If the policy is surrendered after 5 years from the date of commencement of the
If you apply for surrender of the policy after 5 years from the date of commencement of polic
the Policyholder’s Fund Value, as at the date of surrender, shall be payable. There will
Discontinuance Charge.
PRODUCT FE
Name of the Product:LIC's E
Age:20Service Tax
Sum Assured:420000Policy
Premium Paying Term:20Mode o
Amount of Instalment Premium:200
Combination:BASIC PLAN
FMC Rate
Statement of Various charges alongwith growth of the fund expected over the duration
Assuming Gross Interest of 6% p.a.
Amount
Available Addition
Premium Policy
Policy Annualised for Other Total to Fund at Surre
Allocn Admin FMC
Year Premium investment Charges Charges Fund (if the end Value
Charge Charge
( out of any)
premium )
1 20000 1500 18500 360 148 581 2589 1076 18487 0
2 20000 1000 19000 371 303 599 2272 2210 38425 0
3 20000 1000 19000 382 466 614 2462 3401 59364 0
4 20000 1000 19000 393 638 623 2655 4652 81361 0
5 20000 1000 19000 405 818 632 2855 5967 104473 1044
6 20000 600 19400 417 1011 638 2666 7372 129179 1291
7 20000 600 19400 430 1213 636 2880 8849 155148 1551
8 20000 600 19400 443 1426 637 3106 10401 182443 1824
9 20000 600 19400 456 1650 633 3339 12032 211136 2111
10 20000 600 19400 470 1885 627 3582 13748 241302 2413
11 20000 600 19400 484 2132 620 3836 15551 273016 2730
12 20000 600 19400 498 2392 613 4103 17447 306359 3063
13 20000 600 19400 513 2666 609 4388 19440 341411 3414
14 20000 600 19400 529 2953 603 4685 21535 378261 3782
15 20000 600 19400 545 3255 592 4992 23738 417008 4170
16 20000 600 19400 561 3573 620 5353 26053 457708 4577
17 20000 600 19400 578 3906 677 5761 28484 500431 5004
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS

BORNE BY THE POLICYHOLDER
This is a unit linked Endowment plan which offers investment cum insurance cover
during the term of the policy. You can choose the level of insurance cover within the
limits, which will depend on the mode and level of premium you agree to pay.
You have a choice of investing your premiums in one of the four types of investment
funds available. Premiums paid after deduction of allocation charge will purchase units of
the Fund type chosen. The Unit Fund is subject to various charges and value of units
may increase or decrease, depending on the Net Asset Value (NAV).
1. Payment of Premiums: You may pay premiums regularly at yearly, half-yearly,

quarterly or monthly (through ECS mode only) intervals over the term of the
policy. Alternatively, a Single premium can be paid.
A grace period of 30 days will be allowed for payment of yearly or half-yearly or

quarterly premiums and 15 days for monthly (through ECS) premiums.
2. Eligibility Conditions And Other Restrictions:
(a) Minimum Age at entry - 7 (age last birthday)

(c) Minimum Maturity Age - 18 years (completed)
(d) Maximum Maturity Age - 70 years (age nearer birthday)
(e) Policy Term - 10 to 20 years
(f) Minimum Premium -
Regular premium (other than monthly (ECS) mode): Rs. [20,000] p.a.
Regular premium (for monthly (ECS) mode): Rs. [1,750] p.m.
(g) Maximum Premium -
Regular premium: Rs. [1,00,000] p.a.
Single premium: No Limit
(h) Sum Assured under the Basic Plan -

Minimum Sum Assured:
Regular Premium policies: (Policy Term +1) times the annualized premium
Single Premium:
For age at entry of below 45 years: 1.25 times of the single premium
For age at entry of 45 years and above: 1.10 times of the single premium
Maximum Sum Assured:

Regular Premium policies:
30 times of the annualized premium if age at entry is upto 45 years
25 times of the annualized premium if age at entry is 46 to 60 years
Single Premium Policies:
If Critical Illness Benefit Rider is opted for:
If Critical Illness Benefit Rider is not opted for:
Where the minimum Sum Assured is not in the multiples of Rs. 5,000, it will be
rounded off to the next multiple of Rs. 5,000. Annualized Premiums shall be
payable in multiple of Rs. 1,000 for other than ECS monthly. For monthly (ECS),
the premium shall in multiples of Rs. 250/-.
A) Premium Allocation Charge: This is the percentage of the premium

deducted towards charges from the premium received. The balance constitutes
that part of the premium which is utilized to purchase (Investment) units for the
policy. The allocation charges are as below:
For Single premium policies: 3.3%
For Regular premium policies:
Allocation Charge
Premium
First Year 7.50%
2nd to 5th Year 5.00%
thereafter 3.00%

i) Mortality Charge – This is the cost of life insurance cover which is age specific
and will be taken every month. The life insurance cover is the difference between
Sum Assured under Basic plan and the Fund Value after deduction of all other
charges.
The charges per Rs. 1000/- life insurance cover for some of the ages in respect of
a healthy life are as under:
Age 25 35 45 55
Rs. 1.42 1.73 3.89 10.76
1. Critical Illness Benefit rider Charge – This is the cost of

Critical Illness Benefit rider (if opted for). These are age
specific and will be taken every month.
The charges per Rs. 1000/- Critical Illness Rider Sum Assured per annum for
some of the ages in respect of a healthy life are as under:
Age 25 35 45 55
Rs. 0.91 1.80 5.31 14.44
2. Accident Benefit charge - It is the cost of Accident Benefit

rider (if opted for) and will be levied every month at the rate
of Rs. 0.50 per thousand Accident Benefit Sum Assured per
policy year.
C) Other Charges: The following charges shall be deducted during the term of
the policy:
2. Policy Administration charge - Rs. 30/- per month during the first policy
year and Rs 30/- per month escalating at 3% p.a. thereafter, throughout
the term of the policy shall be levied.
3. Fund Management Charge –It is a charge levied as a percentage of the

value of units at following rates:
0.50% p.a. of Unit Fund for “Bond” Fund

0.60% p.a. of Unit Fund for “Secured” Fund
0.70% p.a. of Unit Fund for “Balanced” Fund
Fund Management Charge shall be appropriated while computing NAV.
4. Switching Charge – This is a charge levied on switching of monies from one

fund to another. Within a given policy year 4 switches will be allowed free
of charge. Subsequent switches in that year shall be subject to a switching
charge of Rs. 100 per switch.
5. Bid/Offer Spread – Nil.

6. Discontinuance Charge – The discontinuance charge for regular premium
policies is as under:
Where the policy Discontinuance charges Discontinuance charges
is discontinued for the policies having for the policies having
during the policy annualized premium up to annualized premium
year Rs. 25,000/- above Rs. 25,000/-
2500/- 6000/-
1750/- 5000/-
1250/- 4000/-
750/- 2000/-
5 and onwards NIL NIL
AP – Annualised Premium
FV – Policyholder’s Fund Value on the date of discontinuance
There shall not be any discontinuance charge under Single Premium.
7. Service Tax Charge – A service tax charge, if any, will be as per the service
tax laws and rate of service tax as applicable from time to time.
8. Miscellaneous Charge – This is a charge levied for an alteration within the

contract, such as reduction in sum assured, change in premium mode and
grant of Accident Benefit after the issue of the policy. An alteration may be
allowed subject to a charge of Rs. 50/-.
D) Right to revise charges: The Corporation reserves the right to revise all or
any of the above charges except the Premium Allocation charge and Mortality
charge. The modification in charges will be done with prospective effect with the
prior approval of IRDA.
Although the charges are reviewable, they will be subject to the following
maximum limit:
1. Policy Administration Charge
Rs. 60/- per month during the first policy year and Rs. 60/- per month escalating
at 3% p.a. thereafter, throughout the term of the policy
2. Fund Management Charge: The Maximum for each Fund will be as

follows:
- Critical Illness Benefit charges shall not exceed by more than 200% of the
current rate.
- Miscellaneous Charge shall not exceed Rs. 100/- each time when an alteration
is requested.
In case the policyholder does not agree with the revision of charges the
policyholder shall have the option to withdraw the Policyholder’s Fund Value.
4. Discontinuance of Premiums:
If you fail to pay premiums under the policy within the days of grace, a notice
shall be sent to you within a period of fifteen days from the date of expiry of
grace period to exercise one of the following options within a period of thirty days
of receipt of such notice:
1. Revival of the policy, or

1. Complete withdrawal from the policy
During the notice period of 30 days, the policy shall be treated as in force and the
charges for Mortality, Accident Benefit and / or Critical Illness Benefit cover, if
any, shall be taken in addition to other charges, by cancelling an appropriate
number of units out of the Policyholder’s Fund Value. The cover shall continue till
the date of discontinuance of the policy (i.e. till the date on which the intimation
is received from the policyholder for complete withdrawal of the policy or till the
expiry of the notice period).
If you do not exercise any option within the stipulated period of 30 days, you shall
be deemed to have exercised the option of complete withdrawal from the policy.
The benefits payable under the policy during the notice period shall be
same as that under an inforce policy, except Partial Withdrawal, which
shall not be allowed if all due premiums have not been paid.
The benefits payable when you exercise the option for complete
withdrawal or you do not exercise any option during the notice period
shall be as under:
If the policy is discontinued within 5 years from the date of commencement of the
the policy shall be compulsorily terminated. The Policyholder’s Fund Value as on
the date of discontinuance of policy after deducting the Discontinuance Charge
shall be converted into monetary terms as specified below and Proceeds of the
discontinued policy as specified below shall be payable after completion of 5 years
from the date of commencement of the policy.
If the policy is discontinued after 5 years from the date of commencement of the
the policy shall be compulsorily terminated and Policyholder’s Fund value shall be
payable.
5. Method of calculation of Monetary amount and Proceeds of the

Discontinued Policy:
The conversion to monetary amount shall be as under:

The NAV on the date of application for surrender or as on the date of
discontinuance of the policy (in case of complete withdrawal of the policy), as the
case may be, multiplied by the number of units in the Policyholder’s Fund Value
as on that date will be the monetary amount.
The Proceeds of the Discontinued Policy shall be calculated as under:

The monetary amount calculated as above shall be transferred to the
Discontinued Policy Fund. This Fund will earn a minimum interest rate of 3.5%
p.a. from the date of discontinuance of the policy to the date of completion of 5
years from the commencement of the policy. In case of death of the life assured,
the interest shall accrue from the date of discontinuance of the policy to the date
of booking of liability. The Proceeds of the discontinued policy shall be the
monetary amount plus the interest accrued on the Discontinued Policy Fund.
6. Compulsory termination:
If the balance in the Policyholder’s Fund Value, at any time is
1. not sufficient to recover the relevant charges, in case of partial withdrawal

of units after the fifth policy anniversary, or
2. less than or equal to the loan outstanding along with interest thereon, if
any loan has been taken under the policy,
the policy shall compulsorily be terminated and the balance amount in the
Policyholder’s Fund Value, if any, shall be refunded to the policyholder
7. Other Features:
8. Guarantee of interest rate on Discontinued Policy Fund: A guaranteed
minimum interest rate of 3.5% p.a. shall be credited to the Discontinued Policy
Fund constituted by the fund value of all discontinued policies.
1. Partial Withdrawals: Youmay encash the units partially after the fifth
policy anniversary and provided all due premiums have been paid subject
to the following:
2. In case of minors, partial withdrawals shall be allowed from the policy
anniversary coinciding with or next following the date on which the life
assured attains majority (i.e. on or after 18th birthday).
3. Partial withdrawals may be in the form of fixed amount or in the form of
fixed number of units.
4. For 2 years’ period from the date of withdrawal, the Sum Assured under
the Basic plan shall be reduced to the extent of the amount of partial
withdrawals made.
5. Partial withdrawal will be allowed subject to a minimum balance of two
annualized premiums in the Policyholder’s Fund Value in case of regular
premium policies and 25% of the single premium paid in case of single
premium policies.
6. Partial Withdrawal shall not be allowed if loan is availed under the policy.
7. Switching: You can switch between the four fund types for the entire Fund
Value during the policy term subject to switching charges, if any.
8. Increase / Decrease of risk covers: No increase of covers will be
allowed under the plan. You can, however, decrease the risk covers,
without reducing the level of premium, once in a year during the Policy
term, provided all due premiums under the Policy have been paid.
9. Revival: If due premium is not paid within the days of grace, a notice shall
be sent to you within a period of fifteen days from the date of expiry of
grace period to exercise the option for revival within a period of thirty days
of receipt of such notice. If you exercise the option to revive the policy,
then the arrears of premium without interest shall be required to be paid.
decline the revival of a policy.
Irrespective of what is stated above, if the Policyholder’s Fund Value is not

sufficient to recover the charges during the notice period, the policy shall
terminate and thereafter revival will not be allowed.
10. Settlement Option: When the policy comes for maturity, you may
exercise “Settlement Option” one month prior to the date of maturity and
receive the policy money in instalments spread over a period of not more
than five years from the date of maturity. There shall not be any life cover
during this period and no charges other than Fund Management Charge
shall be deducted. The value of instalment payable on the date specified
shall be subject to investment risk i.e. the NAV may go up or down
depending upon the performance of the fund.
9. Reinstatement:

11.LIC’s Endowment Plus is a Unit Linked Life Insurance products which is different
from the traditional insurance products and are subject to the risk factors.
12.The premium paid in Unit Linked Life Insurance policies are subject to investment
risks associated with capital markets and the NAVs of the units may go up or
down based on the performance of fund and factors influencing the capital market
and the insured is responsible for his/her decisions.
13.Life Insurance Corporation of India is only the name of the Insurance Company
and LIC’s Endowment Plus is only the name of the unit linked life insurance
contract and does not in any way indicate the quality of the contract, its future
prospects or returns.
14.Please know the associated risks and the applicable charges, from your Insurance
agent or the Intermediary or policy document of the insurer.
15.The various funds offered under this contract are the names of the funds and do
not in any way indicate the quality of these plans, their future prospects and
returns.
16.All benefits under the policy are also subject to the Tax Laws and other financial
enactments as they exist from time to time.
 Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return
the policy to us within 15 days. The amount to be refunded in case the policy is returned
within the cooling-off period shall be determined as under:
Plus unallocated premium
Less charges @ Rs.0.20per thousand Sum Assured under Basic plan
Less Actual cost of medical examination and special reports, if any.
 Loan:
Loan will be available under this plan subject to certain terms and conditions.
 Assignment:

A) Death B
Higher of Sum Assured and the Policyholder’s Fund Value shall be available as death
On the Life Assured surviving to the end of the policy term chosen, an amount equal
Policyholder’s Fund Value is payable.
1. Options:
A) Accident Benefit O
If you are above 18 years of age, you may opt for Accident Benefit equal to the amoun
cover subject to minimum of Rs. 25,000 and maximum of Rs. 50 lakh (taken all policies w
of India and other insurers.) In case of death due to an accident, an additional sum e
Accident Benefit Sum Assured shall be payable.
B) Critical Illness Benefit

If you are between 18 and 50 years of age, you may opt for Critical Illness Benefit equa
life cover subject to a minimum of Rs. 50,000 and maximum of Rs. 10 lakh (includin
policies with LIC of India). This benefit will be available only till the policy anniversary o
the age nearer birthday of the Life Assured is 60 years or till the end of policy term, wh
is earlier. In case of diagnosis of defined categories of Critical Illness subject to certai
and conditions, an additional sum equal to the Critical Illness Benefit shall be payable
2. Investment of Funds: The premiums allocated to purchase units will be strictly i

according to the investment pattern committed in various fund types. Various types of fu
Fund Investment in Short-term Investment in Details

Type Government / investments such Listed Equity objective o
Government as money market Shares fund for
Guaranteed instruments /return
Securities /
Corporate Debt
Bond Not less than 60% Not more than Nil Low risk
Fund
40%
Secured
Fund
Not less than 45% Not less than 15% & Steady Inco
Balanced Not more than Not more than 55% Lower to Me
Fund 40% risk
Not less than 30% &
Growth Not less than 30% Not more than 70% Balanced In
Fund and growt
Not more than Not less than 40% & Medium r
40% Not more than 80%
Not less than 20% Long term C
growth – Hig
Not more than

40%
3. Method of Calculation of Unit price: Units will be allotted based on the Net Asse
(NAV) of the respective fund as on the date of allotment. There is no Bid-Offer spread
price and Offer price of units will both be equal to the NAV). The NAV will be computed
basis and will be based on investment performance, Fund Management Charge and
fund is expanding or contracting under each fund type and shall be calculated as under:
Appropriation price is applied (when fund is expan

Market value of investment held by the fund plus the expenses incurred in the purchas
assets plus the value of any current assets plus any accrued income net of fund mana
charges less the value of any current liabilities less provisions, if any divided by the nu
Expropriation price is applied (when fund is contrac

Market value of investment held by the fund less the expenses incurred in the sale o
plus the value of any current assets plus any accrued income net of fund management
less the value of any current liabilities less provisions, if any divided by the number
Applicability of Net Asset Value

The premiums received up to a particular time (presently 3 p.m.) by the servicing branc
place where the premium is received, the closing NAV of the day on which premium is r
shall be applicable. The premiums received after such time by the servicing branch
place where the premium is received, the closing NAV of the next business day s
applicable.
Similarly, in respect of the valid applications received for surrender, partial withdrawa
claim, switches and in case of complete withdrawal etc up to such time by the servicing
of the Corporation closing NAV of that day shall be applicable. For the valid applications r
in respect of surrender, partial withdrawal, death claim, switches and in case of c
withdrawal etc after such time by the servicing branch of the Corporation the closing NA
next business day shall be ap
In case of discontinuance, as specified in Para 9 below, wherein the policyholder d
exercise the option within the period of 30 days of receipt of notice then the NAV as on t
of expiry of notice period shall be applicable.
The timing (presently 3 p.m.) is as per the existing guidelines and changes in this rega
be as per the instructions from IRDA.
4. Surrender: The surrender value, if any, is payable as under:
If the policy is surrendered within 5 years from the date of commencement of the
If you apply for surrender of the policy within 5 years from the date of commencement of polic
the Policyholder’s Fund Value after deducting the Discontinuance Charge, if any, shall be co
into monetary terms as per para 10 below. This monetary amount shall be credited to the Disco
Policy Fund and no charges shall be deducted thereafter. The Proceeds of the Discontinued Po
per para 10 below, shall be payable on completion of 5 years from the date of commence
policy.
In case of death of life assured after the date of surrender but before the completion of 5 yea
the date of commencement of policy the Proceeds of the Discontinued Policy shall be payable
nominee/ legal heir immediately.
If the policy is surrendered after 5 years from the date of commencement of the
If you apply for surrender of the policy after 5 years from the date of commencement of polic
the Policyholder’s Fund Value, as at the date of surrender, shall be payable. There will
Discontinuance Charge.
PRODUCT FE
Name of the Product:LIC's
Age:20Service Tax
Sum Assured:420000Policy
Premium Paying Term:20Mode
Amount of Instalment Premium:200
Combination:BASIC PLAN
FMC Rate
Statement of Various charges alongwith growth of the fund expected over the duration
Assuming Gross Interest of 6% p.a.
Amount
Available Addition
Premium Policy
Policy Annualised for Other Total to Fund at Surre
Allocn Admin FMC
Year Premium investment Charges Charges Fund (if the end Value
Charge Charge
( out of any)
premium )
1 20000 1500 18500 360 148 581 2589 1076 18487 0
2 20000 1000 19000 371 303 599 2272 2210 38425 0
3 20000 1000 19000 382 466 614 2462 3401 59364 0
4 20000 1000 19000 393 638 623 2655 4652 81361 0
5 20000 1000 19000 405 818 632 2855 5967 104473 1044
6 20000 600 19400 417 1011 638 2666 7372 129179 1291
7 20000 600 19400 430 1213 636 2880 8849 155148 1551
8 20000 600 19400 443 1426 637 3106 10401 182443 1824
9 20000 600 19400 456 1650 633 3339 12032 211136 2111
10 20000 600 19400 470 1885 627 3582 13748 241302 2413
11 20000 600 19400 484 2132 620 3836 15551 273016 2730
12 20000 600 19400 498 2392 613 4103 17447 306359 3063
13 20000 600 19400 513 2666 609 4388 19440 341411 3414
14 20000 600 19400 529 2953 603 4685 21535 378261 3782
15 20000 600 19400 545 3255 592 4992 23738 417008 4170
16 20000 600 19400 561 3573 620 5353 26053 457708 4577
17 20000 600 19400 578 3906 677 5761 28484 500431 5004

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Insurance Plans - The Endowment Assurance Policy

Insurance Plans - Jeevan Mitra(Double

This is an Endowment Assurance plan that provides greater financial

Bonuses : This is a with-profit plan and participates in the profits of the

Insurance Plans - Jeevan Mitra(Double Cover Endowment

Guaranteed Surrender Value:

Corporation’s Policy On Surrenders:

Jeevan Mitra (Double Cover

Total Benefit Payable On Death/Maturity At The End Of

i) This illustration is applicable to a non-smoker male/female standard

Insurance Plans - Jeevan Anand

Benefits in case of death during the selected term:

Benefits in case of survival to the end of selected term:

Guaranteed Surrender Value:

Corporation’s policy on surrenders:

* In addition to the benefits given in the column, an Accident Benefit of Rs.

(i) The above illustration is applicable to a non-smoker male/female standard

Maturity term is more than premium paying term.

Early and higher rate of survival benefit payment.

Risk cover increases every five years.

Plan Policy Premium Paying

Accident Benefit is restricted to the premium paying period and to the

Percentage of Sum Assured payable at the end of

Mode of Maximum Maturity Policy loan

Insurance Plans - Bima Bachat

What is Bima Bachat?

What additional benefits do I get upon maturity?

How much insurance do I get?

What about the installment received already?

The insurance cover is irrespective of the installments received.

When am I eligible for the guaranteed surrender value?

What other benefits does this insurance cover offer?

The sample premium rates are as under: -

Age Annual Premium per 1000 SA

Refer to the table below for other rebate percentages:

Less than Rs. 50,000 NIL

End Total Benefit payable on survival at the end of

End Total Benefit payable on survival at the end of

Extract from section 41 of the insurance act:

1. Encashment of Survival Benefit as and when needed:

3. Option to receive maturity proceeds in the form of an

The auto cover shall not be available for rider benefits.

A. CRITICAL ILLNESS (CI) RIDER :

(For details refer the sales brochure of Critical Illness rider)

B. ACCIDENT BENEFIT RIDER:

3. ELIGIBILITY CONDITIONS (For Basic Plan):

Minimum age at entry : 18 years (completed)

4. SAMPLE PREMIUM RATES FOR BASIC PLAN :

Tabular Annual Premium per 1000 SA

5. HIGH SUM ASSURED REBATES:

Sum Assured (in Rs) Rebate per thousand Sum Assured

B. REVIVAL OTHER THAN DURING AUTO COVER PERIOD :

10. SURRENDER VALUE:

12. COOLING OFF PERIOD:

For 15 Years Term

For 20 Years Term

Insurance Plans - Jeevan Tarang

Sample Premium Rates:

• On survival to the end of the selected accumulation period: Vested

• In case of death of the Life Assured during the Accumulation Period,

OPTIONAL RIDERS AVAILABLE DURING THE ACCUMULATION

In case of accidental death, the Accident benefit sum assured will be

i) irrevocable loss of the entire sight of both eyes or