LICI Product Details

INFORMATION TO BE PROVIDED IN SALES BROCHURE
LICs JEEVAN SHAGUN (UIN: 512N290V01)

(Since discontinued w.e.f. 29.11.2014)
LICs Jeevan Shagun is a participating, non-linked, savings cum protection single premium plan
wherein the risk cover is a multiple of single premium.
The proposer will have an option to choose the Maturity Sum Assured. The single premium
payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured
and age of the life assured.
A percentage of Maturity Sum Assured shall be payable on surviving to the end of the specified
durations and on maturity. This plan also takes care of liquidity need through its loan facility.
The plan will be open for sale for a maximum period of 90 days from the date of launch.
1. BENEFITS:
a) Death Benefit:
Ondeathduringfirstfivepolicyyears:
Basic Sum assured i.e. 10 times the tabular single premium shall be payable.
Ondeathaftercompletionoffivepolicyyears:
Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if
any, shall be payable.
b)
Survival Benefit: On Life Assured surviving to the end of the specified durations, the
following Survival benefit shall be payable.
At the end of 10th policy year: 15% of the Maturity Sum Assured.
At the end of 11th policy year: 20% of the Maturity Sum Assured.
c) Maturity Benefit:
On maturity, 65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall
be payable.
d) Loyalty Addition:
Depending upon the Corporations experience, a policy shall participate in the profits in
the form of Loyalty Addition. The Loyalty Addition, if any, shall be payable on death or
surrender, provided the policy has run for atleast five policy years, or on policyholder
surviving to the maturity, at such rate and on such terms as may be declared by the
Corporation.
2. ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
a) Minimum Entry Age
: 8 years (completed)
b) Maximum Entry Age
: 45 years (nearest birthday)
c) Minimum/Maximum Basic Sum Assured
: 10 times of tabular single premium paid
d) Minimum Maturity Sum Assured
: Rs. 60,000/e) Maximum Maturity Sum Assured
: No Limit
Maturity Sum Assured shall be available in multiples of Rs. 5,000/-. f)
Policy Term
: 12 years
g) Premium payment mode
: Single premium only
1
3. SAMPLE PREMIUM RATES:

Specimen tabular Single Premium rates for some of the ages per Rs.1000/- Maturity Sum
Assured are as under:
Age at entry
(Nearest Birthday)
10
Tabular Single Premium

Rates (Rs.)
494.95
20
508.20
30
521.25
40
595.40
Note: Tabular premiums do not include any extra premium or taxes and is before applying
high Maturity Sum Assured rebate.
4. REBATE FOR HIGH MATURITY SUM ASSURED:
Maturity Sum Assured
Below Rs.150,000
Rs.150,000 to Rs. 395,000
Rs.4,00,000 and above
Reduction in Tabular premium per

1000/- Maturity Sum Assured
Nil
Rs. 15
Rs. 20
5. LOAN:
Loan can be availed under this plan any time after completion of one policy year and subject
to terms and conditions as the Company may specify from time to time.
6. SURRENDER VALUE:
The policy can be surrendered for cash at any time during the policy term. The minimum
Guaranteed Surrender Value allowable shall be as under:
o
o
First year: 70% of the Single premium excluding extra premiums and taxes, if any.
Thereafter: 90% of the Single premium excluding taxes, any extra premium paid and
survival benefits, if paid earlier.
The Corporation shall pay Special Surrender Value as applicable as on date of surrender
provided the same is higher than Guaranteed Surrender Value.
If the policy is surrendered after completion of five policy years Loyalty Addition, if any,
based on surrender value, shall also be payable.
7. Tax:
Taxes, including Service Tax, shall be as per the Tax laws and the rate of tax shall be as
applicable from time to time.
The amount of tax as per the prevailing rates shall be payable by the policyholder on single
premium including extra premium, if any. The amount of Tax paid shall not be considered for
the calculation of benefits payable under the plan.
8. COOLING- OFF PERIOD:
If the Policyholder is not satisfied with the Terms and Conditions of the policy, the policy
may returned to the Corporation within 15 days from the date of receipt of the policy stating
2
the reason of objections. On receipt of the same the Corporation shall cancel the policy and
return the amount of single premium deposited after deducting the proportionate risk
premium for the period on cover, stamp duty charges and any charges incurred on medical
examination and special reports.
9. EXCLUSIONS:
The policy shall be void if the Life Assured (whether sane or insane at the time) commits
suicide at any time within 12 months from the date of commencement of risk and the
Corporation will not entertain any claim under this policy except to the extent of 90% of the
single premium paid excluding taxes and any extra premium paid.
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.
Benefit Illustration
LIC's Jeevan Shagun
UIN :512N290V01
Age At Entry
Policy Term
Mode Of premium
payment
Single Premium (Rs.)
Maturity Sum
Assured
Basic Sum assured
30
12
Single
31275
60000
312750
Amount Payable on Death
End Of Policy Year
1
2
3
4
5
6
7
8
9
10
11
12
Total
Premium
Paid till
end
of
year
Guaranteed
31275
31275
31275
31275
31275
31275
31275
31275
31275
31275
31275
31275
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
Variable
Scenario 1
0
0
0
0
0
0
0
0
0
0
0
0
Scenario 2
0
0
0
0
0
0
0
0
0
0
0
0
Total
Scenario 1
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
Scenario 2
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
312750
End Of Policy Year
Total
Premium
Paid till
end
of
year
1
2
3
4
5
6
7
8
9
10
11
12
31275
31275
31275
31275
31275
31275
31275
31275
31275
31275
31275
31275
Amount Payable on Maturity

Guaranteed
0
0
0
0
0
0
0
0
0
9000
12000
39000
Variable
Scenario 1
0
0
0
0
0
0
0
0
0
0
0
0
Scenario 2
0
0
0
0
0
0
0
0
0
0
0
0
Total
Scenario 1
0
0
0
0
0
0
0
0
0
9000
12000
39000
Scenario 2
0
0
0
0
0
0
0
0
0
9000
12000
39000
Notes:
i) The single premium shown above is exclusive of service tax.
ii) This illustration is applicable to a standard (from medical, life style and occupation point of view) life.
iii) 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 4% p.a. (Scenario 1) and 8% 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 4% p.a. or 8% p.a., as the case may be. The Projected Investment Rate of Return is not
guaranteed.
iv) Under Scenario 1 and 2 where interest rate earned by the Corporation is assumed to be 4% and 8%
p.a. respectively throughout the term, the projected Loyalty Addition is nil.
v) 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.
SECTION 45 OF INSURANCE ACT, 1938:
No policy of life insurance shall after the expiry of two years from the date on which it was
effected, be called in question by an insurer on the ground that a statement made in the
proposal for insurance or in any report of a medical officer, or referee, or friend of the insured,
or in any other document leading to the issue of the policy, was inaccurate or false, unless the
insurer shows that such statement was on a material matter or suppressed facts which it was
material to disclose and that it was fraudulently made by the policyholder and that the
policyholder knew at the time of making it that the statement was false or that it suppressed
facts which it was material to disclose.
Provided that nothing in this section shall prevent the insurer from calling for proof of age at
any time if he is entitled to do so, and no policy shall be deemed to be called in question merely
because the terms of the policy are adjusted on subsequent proof that the age of the life assured
was incorrectly stated in the proposal.
4
SECTION 41 OF INSURANCE ACT 1938

(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 rebate 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 taken out by himself on his own life shall not be deemed to be acceptance of a
rebate of premium within the meaning of this sub-section if at the time of such 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
fine which may extend to five hundred rupees.
Note: Conditions apply for which please refer to the Policy document or contact our nearest
Branch Office.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDA clarifies to public that
IRDA or its officials do not involve in activities like sale of any kind of insurance or
financial products nor invest premiums.
IRDA does not announce any bonus.
Public receiving such phone calls are requested to lodge a police compliant along with details of
phone call, number.
Insurance is the subject matter of solicitation.
Registered Office:
Life Insurance Corporation of India
Central Office, Yogakshema , Jeevan
Bima Marg,
Mumbai-400021
Website: www.licindia.in
Registration Number: 512

LICs JEEVAN RAKSHAK (UIN: 512N289V01)
LICs Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of protection
and savings. This plan provides financial support for the family in case of unfortunate death of the
policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving
policyholder. This plan also takes care of liquidity needs through its loan facility.
1. Benefits:
Death benefit:
In case of death of the policyholder during the policy term provided all due premiums have been
paid, Sum Assured on Death shall be payable, which is the highest of
Basic Sum Assured or
10 times of annualized premium or
105% of all the premiums paid as on date of death.
The premiums defined above exclude service tax, extra premium and Accident Benefit rider
premium, if any.
In addition to the above, Loyalty Addition, if any shall also be payable if death occurs after
completion of 5th policy year.
Maturity Benefit: Basic Sum Assured, along with Loyalty Addition, if any, shall be payable in
lump sum on Survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits: Provided the policy is in full force, then depending upon the
Corporations experience the policies under this plan will be eligible for Loyalty Addition. The
Loyalty Addition, if any, is payable at such rate and on such terms as may be declared by the
Corporation, on death after completion of 5th policy year or on Policyholder surviving to the
maturity.
2. Optional Benefit:
LICs Accident Benefit Rider: Accident Benefit Rider is available as an optional rider by payment
of additional premium. In case of accidental death, the Accident Benefit Sum Assured will be
payable as lumpsum along with the death benefit under the basic plan
3. Eligibility Conditions and Other Restrictions :
For Basic plan
(This plan is only available for standard healthy lives without undergoing any medical
examination)
a) Minimum Basic Sum Assured per life*

: Rs. 75,000
b) Maximum Basic Sum Assured per life*
: Rs. 200,000
(The Basic Sum Assured shall be in multiples of Rs. 5000/-)
c) Minimum Age at entry
d) Maximum Age at entry
e) Minimum Policy Term
: 10 years
f) Maximum Policy Term
: 20 years
g) Maximum Age at Maturity
* The total Basic Sum Assured under all policies issued to an individual under this plan shall not
exceed Rs. 2 lakh.
2
For LICs Accident Benefit Rider
(a) Minimum Accident Benefit Sum Assured
: Rs. 75,000
(b) Maximum Accident Benefit Sum Assured : An amount equal to the Basic Sum Assured under the
Basic Plan subject to the maximum of Rs.50 lakh overall limit taking all existing policies of the
Life Assured under individual as well as group schemes including policies with inbuilt accident
benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum Assured under
the new proposal into consideration.
The Accident Benefit Sum Assured shall be in multiples of Rs. 5,000.
(c) Minimum Entry Age
(d) Maximum Entry Age
: The cover can be opted for at any policy anniversary
during the policy term
(e) Maximum Cover Ceasing Age
: Same as under the Basic Plan.
4. Payment of Premiums:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through ECS
only) or through salary deductions over the term of policy.
However, a grace period of one month but not less than 30 days will be allowed for payment of
yearly or half-yearly or quarterly premiums and 15 days for monthly premiums.
5. Sample Premium Rates:
Following are some of the sample tabular annual premium rates (exclusive of service tax) per Rs.
1000/- Basic Sum Assured:
AGE/TERM
10
20
30
40
50
10
15
20
85.90
86.25
86.45
87.35
90.65
51.70
52.05
52.35
53.70
57.80
35.20
35.55
35.95
37.80
42.70
6. Mode and High Basic Sum Assured Rebates:
Mode Rebate:
Yearly mode
Half-yearly mode
Quarterly, Monthly (ECS) & Salary deduction High Basic Sum Assured Rebate:
Basic Sum Assured
75,000 to 1,45,000
1,50,000 and above
-
2% of Tabular Premium
1% of Tabular premium
NIL
Rebate (Rs.)
Nil
1.50%o SA
7. Revival:
If premiums are not paid within the grace period then the policy will lapse. A lapsed policy can be
revived within a period of 2 consecutive years from the date of first unpaid premium and before the
date of maturity, as the case may be by paying all the arrears of premium together with interest
(compounding half-yearly) at such rate as fixed by the Corporation at the time of the payment,
subject to submission of satisfactory evidence of continued insurability.
3
Revival of Accident Benefit rider, if opted for, will be considered along with revival of the Basic
Policy, and not in isolation.
8. Paid-up Value:
If at least three full years premiums have been paid and any subsequent premiums be not duly paid,
this policy shall not be wholly void, but shall continue as a paid-up policy. The Basic Sum Assured
under the policy shall be reduced to such a sum, called Paid-up Sum Assured and shall bear the
same ratio to the Basic Sum Assured as the no. of premiums paid bears to the total number of
premiums i.e. Basic Sum Assured *(no. of premiums paid / no. of premiums payable).
This Paid-Up Sum Assured is payable on expiry of the policy term or on Life Assureds prior death.
Accident Benefit Rider does not acquire any paid-up value and the rider benefits cease to apply, if
policy is in lapsed condition.
9. Surrender Value:
The policy can be surrendered for cash provided atleast three full years premiums have been paid.
The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of service tax)
excluding extra premiums and premiums for Accident Benefit rider, if opted for. This percentage
will depend on the policy term and policy year in which the policy is surrendered and specified as
below:
Corporation may, however, pay Special Surrender value, if it is more favorable to the Policyholder.
10. Policy Loan:
Loan can be availed under the policy provided the policy has acquired a surrender value and
subject to the terms and conditions as the Corporation may specify from time to time.
11. Taxes:
Taxes including Service Tax, if any, shall be as per the Tax laws and the rate of tax shall be as
The amount of tax as per the prevailing rates shall be payable by the Policyholder on premiums
including extra premiums, if any. The amount of tax paid shall not be considered for the
calculation of benefits payable under the plan.
12. Cooling-off period:
If the Policyholder is not satisfied with the Terms and Conditions of the policy, the policy may
be returned to the Corporation within 15 days from the date of receipt of the policy bond stating
the reasons of objection. On receipt of the same the Corporation shall cancel the policy and return
the amount of premium deposited after deducting the proportionate risk premium (for basic plan
and Accident Benefit rider, if any) for the period on cover and stamp duty charges.
13. Exclusion:
Suicide: - This policy shall be void

(i) If the Life Assured (whether sane or insane) commits suicide at any time within 12 months from
the date of commencement of risk and the Corporation will not entertain any claim under this
policy except to the extent of 80% of the premiums paid excluding any taxes, extra premium
and Accident Benefit rider premium, if any, provided the policy is inforce.
(ii) If the Life Assured (whether sane or insane) commits suicide within 12 months from date of
revival, an amount which is higher of 80% of the premiums paid till the date of death (excluding
any taxes, extra premium and Accident Benefit rider premium, if any,) or the surrender value,
shall be payable. The Corporation will not entertain any other claim under this policy.
BENEFIT ILLUSTRATION:
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 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.
Notes:
i) This illustration is applicable to a 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 4% p.a. (Scenario 1) and 8% 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 4%
p.a. or 8% 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.
SECTION45OFINSURANCEACT,1938:
No policy of life insurance shall after the expiry of two years from the date on which it was effected,
be
called in question by an insurer on the ground that a statement made in the proposal for insurance or
in
any report of a medical officer, or referee, or friend of the insured, or in any other document leading
to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was
on a material matter or suppressed facts which it was material to disclose and that it was
fraudulently made by the policyholder and that the policyholder knew at the time of making it that
the statement was false or that it suppressed facts which it was material to disclose.
Provided that nothing in this section shall prevent the insurer from calling for proof of age at any
time if he is entitled to do so, and no policy shall be deemed to be called in question merely
because the terms of the policy are adjusted on subsequent proof that the age of the life assured was
incorrectly stated in the proposal.
PROHIBITIONOFREBATES(SECTION41OFINSURANCEACT,1938):
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
premium shown on the policy, nor shall any person taking out or renewing or continuing a policy
accept any rebate, except such rebate 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 taken out by himself on his own life
shall not be deemed to be acceptance of a rebate of premium within the meaning of this subsection if at the time of such 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 fine which may extend to five hundred rupees.
Branch Office.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
Public receiving such phone calls are requested to lodge a police complaint along with details
of phone call, number.
Insurance is the subject matter of solicitation Registered Office:

Central Office, Yogakshema,
Jeevan Bima Marg,
Mumbai 400021.
INFORMATION TO BE PROVIDED IN SALES BROCHURE OF

LICs SINGLE PREMIUM ENDOWMENT PLAN (UIN: 512N283V01)
LICs Single Premium Endowment Plan is a participating non-linked savings cum protection
plan, where premium is paid in lump sum at the outset of the policy. This combination provides
financial protection against death during the policy term with the provision of payment of
lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes
care of liquidity needs through its loan facility.
1. BENEFITS :
Death Benefit:
a) On death during the policy term before the date of commencement of risk: Return of
single premium excluding service tax and extra premium, if any, without interest.
b) On death during the policy term after the date of commencement of risk: Sum
Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if
any.
Maturity Benefit: Sum Assured, along with vested Simple Reversionary Bonuses and Final
Additional Bonus, if any, shall be payable.
Participation in profits: The policy shall participate in profits of the Corporation and shall be
entitled to receive Simple Reversionary Bonuses declared as per the experience of the
Corporation.
Final (Additional) Bonus may also be declared under the policy in the year when the policy
results into a claim either by death or maturity on such terms and conditions as may be
declared by the Corporation from time to time.
2. ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS :

a)
b)
c)
d)
e)
f)
g)
h)
Minimum entry age

: 90 days (completed)
Maximum entry age
Maximum maturity age:
Minimum policy term
: 10 years
Minimum age at maturity
Maximum policy term
: 25 years
Minimum Sum Assured
: Rs.50,000
Maximum Sum assured
: No limit
Sum Assured will be in multiples of Rs.5,000 /- only.
i) Premium payment mode
: Single Premium only
Date of Commencement of risk: In case the age of Life Assured at entry is less than 8 years, risk
under this plan will commence either 2 years from the date of commencement or from the policy
anniversary coinciding with or immediately following the attainment of 8 years of age, whichever
is earlier. For those aged 8 years or more, risk will commence immediately.
3

The sample premium rates (exclusive of taxes) are as under: Single Premium per 1000 Sum Assured
Term
Age
(Nearest
birthday)
10
20
30
40
50
60
10
756.90
757.60
757.95
759.75
766.05
777.50
15
640.30
641.55
642.60
647.65.
662.25
688.60
25
463.10
465.85
470.90
488.35
527.35
-
4. REBATE FOR HIGH SUM ASSURED :

High Sum Assured Rebates:
Sum Assured (S.A)
50,000 to 95,000
1, 00,000 to 1, 95,000
2, 00,000 to 2, 95,000
3, 00,000 and above
Rebate (Rs.)
Nil
18%o S.A.
25%o S.A.
30%o S.A.
5. LOAN :
Loan can be availed under this plan any time after completion of first policy year and subject
to terms and conditions as the company may specify from time to time.
6. SURRENDER VALUE:
Buying a life insurance contract is a long term commitment. However, surrender value is
available under the plan on earlier termination of the contract.
The Guaranteed Surrender Value allowable shall be as under:
- First year: 70% of the Single premium excluding service tax and extra premium, if any
- Thereafter: 90% of the Single premium excluding service tax and extra premium, if any.
In addition, the surrender value of vested simple reversionary bonuses, if any, shall also be
payable, which is equal to vested bonuses multiplied by the surrender value factor applicable
to vested bonuses. These factors will depend on the policy term and policy year in which the
policy is surrendered and specified as below:
The Corporation may, however, pay Special Surrender Value as applicable as on date of
surrender provided the same is higher than Guaranteed Surrender Value.
7. TAXES:
Taxes, if any, shall be as per the Tax laws and the rate of tax as applicable from time to time.
The amount of tax payable as per the prevailing rates shall be payable by the policyholder on
premiums including extra premiums, if any. The amount of Tax paid shall not be considered
for the calculation of benefits payable under the plan.
8. COOLING-OFF PERIOD:
If the policyholder is not satisfied with the Terms and Conditions of the policy, the policy
may be returned to the Corporation within 15 days from the date of receipt of the policy
stating the reason of objections. On receipt of the same the Corporation shall cancel the policy
and return the amount of single premium deposited after deducting the proportionate risk
premium for the period on cover, charges for medical examination, special reports, if any,
and stamp duty.
9. EXCLUSIONS:
The policy shall be void if the Life Assured (whether sane or insane) commits suicide at any
time within 12 months from the date of commencement of risk and the Corporation will not
5
entertain any claim under this policy except to the extent of 90% of the single premium paid
excluding taxes and any extra premium paid.
Statutory warning:
performance of the corporation. 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
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.
LICs Single Premium Endowment Plan
Notes :
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 4%
p.a.(Scenario 1) and 8% 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 4% p.a. or 8% 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.
effected, be called in question by an insurer on the ground that a statement made in the proposal
for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any
other document leading to the issue of the policy, was inaccurate or false, unless the insurer
shows that such statement was on a material matter or suppressed facts which it was material to
disclose and that it was fraudulently made by the policyholder and that the policyholder knew at
the time of making it that the statement was false or that it suppressed facts which it was material
to disclose.
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 rebate 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 taken out by
himself on his own life shall not be deemed to be acceptance of a rebate of premium within
the meaning of this sub-section if at the time of such 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
Note : Conditions apply for which please refer to the Policy document or contact our nearest
Branch Office.
Insurance is the subject matter of solicitation
Registered Office:
Central
Office,
Yogakshema,
Jeevan Bima Marg,
Mumbai - 400021. Website:
www.licindia.in
Registration Number : 512

LICs NEW JEEVAN ANAND (UIN: 512N279V01)
LIC's New Jeevan Anand Plan is a participating non-linked plan which offers an attractive
combination of protection and savings. This combination provides financial protection against death
throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of
the selected policy term in case of his/her survival. This plan also takes care of liquidity needs
through its loan facility.
1. Benefits:
Death benefit:
Provided all due premiums have been paid, the following death benefit shall be paid:
On Death during the policy term: Death benefit, defined as sum of Sum Assured on
Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall
be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum
Assured or 10 times of annualised premium. This death benefit shall not be less than 105%
of all the premiums paid as on date of death.
The premiums mentioned above exclude service tax, extra premium and rider premiums, if
any.
On death of policyholder at any time after policy term: Basic Sum Assured
Benefits payable at the end of Policy Term: Basic Sum Assured, along with vested Simple
Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on
survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits: The policy shall participate in profits of the Corporation and shall be
entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation
during policy term provided the policy is in full force.
Final (Additional) Bonus may also be declared under the plan in the year when the policy results
into death claim during the policy term or due for the survival benefit payment provided the
policy is in full force and has run for certain minimum term.
LICs Accidental Death and Disability Benefit Rider: LICs Accidental Death and Disability
Benefit Rider is available as an optional rider by payment of additional premium during the policy
term. In case of accidental death during the policy term, Accident Benefit Sum Assured will be
payable as lumpsum along with the death benefit under the basic plan. In case of accidental
permanent 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 equal monthly installments spread over
10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the
portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy,
shall be waived.
3. Eligibility Conditions and Other Restriction :
For Basic plan
a) Minimum Basic Sum Assured
: Rs. 100,000
b) Maximum Basic Sum Assured
: No Limit
c)
d)
e)
f)
g)
Minimum Age at entry

Maximum Age at entry
Maximum Maturity Age
Minimum Policy Term
Maximum Policy Term
: 15 years
: 35 years
For LICs Accidental Death and Disability Benefit Rider

a) Minimum Accident Benefit Sum Assured : Rs. 100,000
b) Maximum Accident Benefit Sum Assured :
An amount equal to the Basic Sum assured under the Basic Plan subject to the maximum of
Rs.50 lakh overall limit taking all existing policies of the Life Assured under individual as well
as group schemes including policies with inbuilt accident benefit taken with Life Insurance
Corporation of India and the Accident Benefit Sum Assured under the new proposal into
consideration.
(The Accident Benefit Sum Assured shall be in multiples of Rs. 5000/-)
: The cover can be opted for at any policy anniversary
during the policy term but before the policy
anniversary on which the age nearer birthday of the
Life Assured is 70 years.
: 70 years (nearest birthday) or till the end of the Policy
Term, whichever is earlier.
e) Maximum cover ceasing age
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals (through
ECS only or through salary deductions) over the Policy Term.
However, a grace period of one calendar month but not less than 30 days will be allowed for
payment of yearly or half-yearly or quarterly premiums and 15 days for monthly premiums.
Following are some of the sample tabular premium rates (exclusive of service tax) per Rs. 1000/Basic Sum Assured:
Policy Term (in years)
Age (in
years)
20
30
40
50
15
25
35
79.05
82.45
88.20
97.70
44.30
46.75
51.40
59.65
29.95
32.30
37.10
6. Mode and High S.A. Rebates:

ModeRebate:
Yearly mode
Half-yearly mode
Quarterly & Monthly mode
HighSumAssuredRebate:
BasicSumAssured(B.S.A)
1, 00,000 to 1, 95,000
2, 00,000 to 4, 95,000
NIL
Rebate(Rs.)
Nil
1.50%o B.S.A.
5, 00,000 and 9, 95,000

10, 00,000 and above
2.50%o B.S.A.
3.00%o B.S.A.
7. Revival:
revived within a period of 2 consecutive years from the date of first unpaid premium but before
the end of policy term on payment of all the arrears of premium together with interest
(compounding half-yearly) at such rate as fixed by the Corporation from time to time, subject to
submission of satisfactory evidence of continued insurability.
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 Policyholder.
Revival of rider(s), if opted for, will be considered along with revival of the basic policy and not in
isolation.
8. Paid-up Value:
If at least three full years premiums have been paid and any subsequent premiums be not duly
paid, this policy shall not be wholly void, but shall continue as a paid-up policy. The Basic Sum
Assured under the policy shall be reduced to such a sum, called Paid-up Sum Assured and shall
bear the same ratio to the Basic Sum Assured as the premiums paid bears to the total number of
premiums payable i.e. Basic Sum Assured *(number of premiums paid / number of premiums
payable).
This Paid-up Sum Assured along with vested simple reversionary bonuses, if any, is payable on
the expiry of policy term or in case of prior death. The reversionary bonuses already accrued to the
policy as on the date of paid-up will remain attached to the policy. A paid-up policy will not
accrue any further bonuses. In case of death after the policy term Paid-up Sum Assured will be
paid.
Rider(s) do not acquire any paid-up value and the rider benefits cease to apply, if policy is in
lapsed condition.
9. Surrender Value:
The policy can be surrendered for cash provided atleast three full years premiums have been
paid. The Guaranteed Surrender value during policy term shall be a percentage of total premiums
paid (net of service tax) excluding extra premiums and premiums for riders, if opted for. This
percentage will depend on the policy term and policy year in which the policy is surrendered and
specified as below:
In addition, the surrender value of any vested simple reversionary bonuses, if any, shall also be
payable, which is equal to vested bonuses multiplied by the surrender value factor applicable to
vested bonuses. These factors will depend on the policy term and policy year in which the policy is
surrendered and specified as below:
10. Policy Loan:
subject to the terms and conditions as the company may specify from time to time.
11. Taxes:
If the Policyholder is not satisfied with the Terms and Conditions of the policy may be returned
to us within 15 days from the date of receipt of the policy bond stating the reasons of objections.
On receipt of the same the Corporation shall cancel the policy and return the amount of premium
deposited after deducting the proportionate risk premium (for basic plan and rider(s), if any) for
the period on cover, expenses incurred on medical examination, special reports, if any and stamp
duty.
13. Exclusion:
i. If the Life Assured (whether sane or insane) commits suicide at any time within 12 months from
and rider premiums, if any, provided the policy is inforce.
ii. If the Life Assured (whether sane or insane) commits suicide within 12 months from date of
revival, an amount which is higher of 80% of the premiums paid till the date of death
(excluding any taxes, extra premium and rider premiums, if any,) or the surrender value,
provided the policy is inforce, shall be payable. The Corporation will not entertain any other
claim under this policy.
Statutory warning:
Life Insurance Corporation of India. 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 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.
Notes:
i)
This illustration is applicable to a 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 4% p.a. (Scenario 1) and 8% 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 policy term of the policy
will be
4% p.a. or 8% 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.
effected,
be called in question by an insurer on the ground that a statement made in the proposal for
insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other
document leading to the issue of the policy, was inaccurate or false, unless the insurer shows
that such statement was on a material matter or suppressed facts which it was material to
disclose and that it was fraudulently made by the policyholder and that the policyholder
knew at the time of making it that the statement was false or that it suppressed facts which it
was material to disclose.
PROHIBITION OF REBATES (SECTION 41 OF INSURANCE ACT, 1938):
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 rebate 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 taken out by
himself on his own life shall not be deemed to be acceptance of a rebate of premium within
the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies
the prescribed conditions establishing that he is a bona fide insurance agent employed by the
insurer.
2)
Branch Offices.
Life Insurance Corporation of
India
Jeevan Bima Marg,
Mumbai 400021.
Website :www.licindia.in

LICs NEW BIMA BACHAT (UIN: 512N284V01)
LICs New Bima Bachat is a participating non-linked savings cum protection plan, where
premium is paid in lump sum at the outset of the policy. It is a money-back plan which
provides financial protection against death during the policy term with the provision of
payment of survival benefits at specified durations during the policy term. In addition, on
maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan
also takes care of liquidity needs through its loan facility.
1. BENEFITS :
a) Death Benefit:
On death during the first five policy years: Sum Assured.
On death after completion of five policy years: Sum Assured along with Loyalty Addition,
if any.
b) Survival Benefits: Payable as given below in case of Life Assured surviving to the end of
the specified durations :
For policy term 9 years: 15% of the Sum Assured at the end of each of 3rd & 6th policy
year
For policy term 12 years: 15% of the Sum Assured at the end of each of 3rd, 6th & 9th
policy year
For policy term 15 years: 15% of the Sum Assured at the end of each of 3rd, 6th, 9th &
12th policy year
c) Maturity Benefit: Payment of Single Premium (excluding taxes and extra premium, if
any) along with Loyalty Addition, if any, in case of Life Assured surviving to the end of
the policy term.
d) Loyalty Addition:
Depending upon the Corporations experience the policies shall be participate in the
profits and shall be eligible for Loyalty Addition. The Loyalty Addition, if any, is payable
on death after completion of five policy years and on policyholder surviving to maturity,
at such rate and on such terms as may be declared by the Corporation.
2. ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS :
a) Minimum entry age
b) Maximum entry age
: 66 years (nearest birthday) for term 9 years
63 years (nearest birthday) for term 12 years
60 years (nearest birthday) for term 15 years
c) Maximum maturity age:

d) Policy Term

: 9, 12 or 15 years.
e) Minimum Sum Assured
: Rs.35,000 for term 9 years

Rs.50,000 for term 12 years
Rs.70,000 for term 15 years
f) Maximum Sum assured
: No limit
Sum Assured will be in multiples of Rs.5,000 /- only.
g) Premium payment mode
: Single Premium only
The sample premium rates (exclusive of taxes) are as under: Single Premium per 1000 Sum Assured (Rs)
Term
Age (Nearest
birthday)
15
25
35
45
55
65
9
767.95
768.95
771.70
782.65
803.80
836.85
12
771.00
772.00
775.35
787.15
808.10
-
15
771.55
772.70
776.80
789.25
810.70
-
4. REBATE FOR HIGH SUM ASSURED :

High Sum Assured Rebates (As percentage of Tabular Premium) :
Term = 9 years
Less than Rs. 75,000
Rs. 75,000 and Less than Rs.150,000
Rs. 150,000 and above
.
: NIL
:6%
:8%
Term =12 years

Rs. 100,000 and Less than Rs. 200,000.
: NIL
:4%
:6%
Term =15 years

Rs. 150,000 and Less than Rs.300,000
: NIL
:3%
:5%
5. LOAN :
Loan can be availed under this plan any time after completion of one policy year. The loan
shall be equal to 60% of the surrender value as on date of sanction of loan.
6. SURRENDER VALUE:
Buying a life insurance contract is a long term commitment. However, surrender value is
available under the plan on earlier termination of the contract.
The Guaranteed Surrender Value allowable shall be as under:
- First year: 70% of the Single premium excluding taxes and extra premium, if any.
- Thereafter: 90% of the Single premium excluding taxes, extra premium, if any and all
survival benefits paid earlier.
The Corporation may, however, pay Special Surrender Value as applicable as on date of
surrender provided the same is higher than Guaranteed Surrender Value.
7. TAXES:
Taxes including Service Tax, if any, shall be as per the Tax laws and the rate of tax as
The amount of tax as per the prevailing rates shall be payable by the Life Assured on the
single premium including extra premium, if any. The amount of Tax paid shall not be
considered for the calculation of benefits payable under the plan.
8. COOLING-OFF PERIOD:
If you are not satisfied with the Terms and Conditions of the policy, you may return the
policy to the Corporation within 15 days from the date of receipt of the policy stating the
reason of objections. On receipt of the same the Corporation shall cancel the policy and return
the amount of single premium deposited after deducting the proportionate risk premium for
the period on cover, charges for medical examination, special reports, if any, and stamp duty.
9. EXCLUSIONS:
excluding taxes and any extra premium paid.
BENEFIT ILLUSTRATION :
Statutory warning:
performance of the corporation. 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
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.
Notes :
i)
The Single Premium shown above is exclusive of tax.
ii) This illustration is applicable to a non-smoker male/female standard (from medical, life style
and occupation point of view) life.
iii) 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 4% p.a.(Scenario 1) and
8% 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 4% p.a. or 8% p.a., as the case may be. The Projected Investment
Rate of Return is not guaranteed.
iv) 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.
v) The amount shown under benefit payable on survival at the end of the policy term is the
Maturity Benefit.
effected, be called in question by an insurer on the ground that a statement made in the proposal
for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any
shows that such statement was on a material matter or suppressed facts which it was material to
disclose and that it was fraudulently made by the policyholder and that the policyholder knew at
the time of making it that the statement was false or that it suppressed facts which it was material
to disclose.
(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
7
(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.
Registered Office:
Jeevan
Bima
Marg,
Mumbai - 400021.

LICs New Jeevan Nidhi (UIN: 512N271V02)
LICs New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of
protection and saving features. This plan provides for death cover during the deferment period
and offers annuity on survival to the date of vesting.
1. Benefits:
a. Benefit on Vesting: Provided the policy is in full force, on vesting an amount equal to the
Basic Sum Assured along with accrued Guaranteed Additions, vested Simple
Reversionary bonuses and Final Additional bonus, if any, shall be made available to the
Life Assured.
The following options shall be available to the Life Assured for utilization of the benefit
amount.
1. To purchase an immediate annuity
The Life Assured shall have a choice to commute the amount available on vesting to
the extent allowed under Income Tax Act. The entire amount available on vesting or
the balance amount after commutation, as the case may be, shall be utilized to
purchase immediate annuity at the then prevailing annuity rates. Commutation shall
only be allowed provided the balance amount is sufficient to purchase a minimum
amount of annuity as per the provisions of section 4 of Insurance Act, 1938.
In case the total benefit amount is insufficient to purchase the minimum amount of
annuity, then the said amount shall be paid as a lump sum to the Life assured.
The annuity shall only be purchased from Life Insurance Corporation of India.
or
2. To purchase a new Single Premium deferred pension product from Life
Insurance Corporation of India
Under this option the entire proceeds available on vesting shall be utilized to purchase
a single premium deferred pension product provided the policyholder satisfies the
eligibility criteria for purchasing single premium deferred pension product.
The Life Assured will have to intimate his / her intention to go for a particular option
available on the date of vesting atleast six months prior to the date of vesting.
b. Death Benefit:
Death during first five policy years: Provided the policy is in full force, Basic Sum Assured
along with accrued Guaranteed Addition shall be paid as lump sum or in the form of an
annuity or partly in lump sum and balance in the form of an annuity to the nominee.
Death after first five policy years: Provided the policy is in full force, Basic Sum Assured
along with accrued Guaranteed Addition, Simple Reversionary and Final Additional Bonus,
if any, shall be paid as lump sum or in the form of an annuity or partly in lump sum and
balance in the form of an annuity to the nominee.
In any case, provided all due premiums have been paid, the total death benefit at any time
shall not be less than 105% of the total premiums paid (excluding taxes, extra premium
and rider premium, if any).
The amount of annuity will depend on the payable lump sum and the then prevailing
immediate annuity rates.
c. Guaranteed Additions: The policy provides for Guaranteed Additions @ Rs.50/- per
thousand Basic Sum Assured for each completed year, for the first five years.
d. Participation in profits: Provided the policy is in full force, depending upon the
Corporations experience the policies shall participate in profits from 6th year onwards for a
Simple Reversionary Bonus at such rate and on such terms as may be declared by the
Corporation.
Final (Additional) Bonus may also be declared under the policy in the year when the policy
results into a claim either by way of death or on vesting, provided the policy has run for
certain minimum term.
Benefit Rider is available as an optional rider by payment of additional premium under regular
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 equal monthly instalments spread over 10
years and future premiums for Accident Benefit Sum Assured as well as premiums for the
portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the
policy, shall be waived. If the policy becomes a claim either by way of death or the policy vests
before the expiry of the said period of 10 years, the disability benefit instalments which have
not fallen due will be paid in lump sum.
The Accident Benefit Sum Assured may be opted for an amount upto the Basic Sum Assured
subject to minimum of Rs. 1,00,000 and maximum of Rs. 50 lakh (under individual as well as
group policies with LIC of India). This benefit will be available only till the vesting age.
b)
c)
d)
e)
f)
g)
: Rs.1,00,000 under Regular Premium policies

Rs.1, 50,000 under Single Premium policies
Maximum Basic Sum Assured : No Limit
(The Basic Sum Assured shall be in multiples of Rs.5000/-)
(in years)
Minimum Entry Age
: 20 (nearest Birthday)
Maximum Entry Age
: 60 (nearest Birthday) under Single Premium
58 (nearest birthday) under Regular Premium
Deferment period
: 5 to 35 under Single Premium &
7 to 35 under Regular Premium
Minimum Vesting Age
: 55 (nearest birthday)
Maximum Vesting Age
: 65 (nearest Birthday)
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly (through ECS only)
or through SSS mode over the term of policy. Alternatively, a single premium can be paid.
A grace period of one calendar month but not less than 30 days will be allowed for payment of
yearly or half-yearly or quarterly premiums and 15 days for monthly premiums. If the premium
is not paid before the expiry of days of grace, the policy lapses.
3

Following are some of the sample premium rates (exclusive of service tax) per Rs. 1000/S.A.:
Age at entry
10
25
35
45
Single Premiums
Deferment period
20
852.55
Age at entry
10
25
35
45
612.00
632.80
Annual Premiums
Deferment period
20
115.25
53.60
57.15
30
435.80
456.15
-
30
32.75
34.80
-

Mode Rebate:
Yearly
Half-Yearly
Quarterly
2% of tabular premium
Nil
Sum Assured Rebate:

For Regular Premium policies:
Basic Sum Assured
1, 00,000 to 2, 95,000
3, 00,000 and above
Rebate
Nil
2%o S.A.
For Single Premium Policies:

Basic Sum Assured
1, 50,000 to 2, 95,000
3, 00,000 and above
Rebate
Nil
5%o S.A.
7. Revival:
If premiums are not paid within the grace period then the policy will lapse. A lapsed policy can
be revived within a period of two consecutive years from the date of first unpaid premium and
before the date of vesting by paying all the arrears of premium together with interest,
compounding half-yearly at such rate as fixed by the Corporation at the time of the payment
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.
LICs Accidental Death and Disability Benefit Rider, if opted for, shall be revived along with the
basic plan and not in isolation.
8. Paid-up Value (applicable for regular premium policies):

For policies with deferment period less than 10 years if atleast two full years premiums have
been paid and for policies with deferment period 10 years or more than 10 years if atleast
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. The Basic Sum Assured
under basic plan shall be reduced to such a sum, called the paid-up sum assured, as shall
bear the same ratio to the full Basic Sum Assured as the number of premiums actually paid
shall bear to the total number of premiums originally stipulated for in the Policy. The policy so
reduced shall thereafter be free from all liability for payment of the within-mentioned premium
but shall not be entitled to guaranteed additions and any bonuses in future. The accrued
guaranteed additions and vested bonus additions, if any, will remain attached to the paid-up
policy.
This paid-up sum assured alongwith the accrued Guaranteed Additions and vested Simple
Reversionary Bonuses, if any, is payable on the date of vesting or on Life Assureds prior
death.
On the death of the Life Assured, the nominee shall have an option to take the proceeds as
lump sum or in the form of an annuity or partly in lump sum and balance in the form of an
annuity.
On vesting the proceeds shall be payable as per one of the options as specified against para
1.a. above.
LICs Accidental Death and Disability Benefit rider do not acquire any paid-up value.
9. Surrender Value:
The Surrender Value available under this plan is as under:
Single Premium policies: The policy can be surrendered at any time during the deferment
period. The Guaranteed Surrender Value shall be as under:
- Within three policy years from Date of Commencement of policy: 70% of the Single
premium excluding taxes and extra premium, if any.
- Thereafter: 90% of the Single premium excluding taxes and extra premium, if any.
Regular Premium policies:
For deferment period less than 10 years: The policy can be surrendered provided the
premiums have been paid for atleast two consecutive years.
For deferment period 10 years or more: The policy can be surrendered provided the
premiums have been paid for atleast three consecutive years.
The Guaranteed Surrender Value shall be a percentage of total premiums paid excluding
taxes, extra premiums, if any and rider premium, if opted for .This percentage will depend on
the deferment period and the policy year in which the policy is surrendered and are specified
below:
In addition, the surrender value of any accrued Guaranteed Additions and vested simple
reversionary bonuses, if any, shall also be payable, which is equal to the sum of accrued
Guaranteed Additions and vested simple reversionary bonuses, if any, multiplied by the
Surrender Value factor applicable to accrued Guaranteed Additions and vested bonuses.
These factors will depend on the deferment period and the policy year in which the policy is
surrendered and are specified below:
Corporation may, however, pay Special Surrender value, if it is more favourable to the Life
Assured.
The following options shall be available to the Life Assured for utilization of the Surrender
proceeds:
1. To purchase an immediate annuity
The Life Assured shall have a choice to commute the amount available on surrender to
the extent allowed under Income Tax Act. The entire amount available on surrender or
the balance amount after commutation, as the case may be, shall be utilized to
purchase immediate annuity at the then prevailing annuity rates. Commutation shall
only be allowed provided the balance amount is sufficient to purchase a minimum
amount of annuity as per the provisions of section 4 of Insurance Act, 1938.
In case the total benefit amount is insufficient to purchase the minimum amount of
annuity, then the said amount shall be paid as a lump sum to the Life assured.
The annuity shall only be purchased from Life Insurance Corporation of India.
or
2. To purchase a new Single Premium deferred pension product from Life
Insurance Corporation of India
Under this option the entire proceeds available on surrender may be utilized to
purchase a single premium deferred pension product provided the policyholder
satisfies the eligibility criteria for purchasing single premium deferred pension product.
Surrender value will not be available on LICs Accidental Death and Disability Benefit Rider.
10. Policy Loan:
No loan facility will be available under this plan.
11. Taxes:
Taxes including service tax, if any, shall be as per the Tax laws and the rate of tax shall be as
The amount of tax as per the prevailing rates shall be payable by the Policyholder on
premiums including extra premiums, if any. The amount of tax paid shall not be considered
for the calculation of benefits payable under the plan.
If the Life Assured is not satisfied with the Terms and Conditions of the policy, he/she may
return the policy to the Corporation within 15 days from the date of receipt of the policy
stating the reason of objections. On receipt of the same the Corporation shall cancel the
policy and return the amount of premium deposited after deducting the proportionate risk
premium for the period on cover (for basic plan and LICs Accidental Death and Disability
Benefit rider, if any), expenses incurred on medical examination, special reports, if any and
stamp duty.
13. Exclusion:
Suicide:
Under Single Premium policies:
excluding taxes, extra premium and rider premium, if any.
Under Regular Premium policies:
This policy shall be void
i. If the Life Assured (whether sane or insane) commits suicide at any time within 12
months from the date of commencement of risk and the Corporation will not entertain
any claim under this policy except to the extent of 80% of the premiums paid excluding
any taxes, extra premium and rider premiums, if any, provided the policy is inforce.
ii. If the Life Assured (whether sane or insane) commits suicide within 12 months from date
of revival, an amount which is higher of 80% of the premiums paid till the date of death
(excluding any taxes, extra premium and rider premiums, if any) or the surrender value
shall be payable. The Corporation will not entertain any other claim under this policy.
Benefit Illustration:
Statutory warning:
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 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.
10
11
12

effected, be called in question by an insurer on the ground that a statement made in the proposal for
insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other
document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that
such statement was on a material matter or suppressed facts which it was material to disclose and that
it was fraudulently made by the policyholder and that the policyholder knew at the time of making it
that the statement was false or that it suppressed facts which it was material to disclose.
Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if
he is entitled to do so, and no policy shall be deemed to be called in question merely because the
terms of the policy are adjusted on subsequent proof that the age of the life assured was incorrectly
stated in the proposal.
Prohibition of Rebates (Section 41 of Insurance Act, 1938):
(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
premium shown on the policy, nor shall any person taking out or renewing or continuing a policy
accept any rebate, except such rebate as may be allowed in accordance with the published
provided that acceptance by an insurance agent of
commission in connection with a policy of life insurance taken out by himself on his own life shall
not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section
if at the time of such acceptance the insurance agent satisfies the prescribed conditions
(2)
Branch Office.
Registered Office:
Jeevan Bima Marg,
Mumbai - 400021.

LICs NEW ENDOWMENT PLAN (UIN: 512N277V01)
LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination
of protection and saving features. This combination provides financial support for the family of the
deceased policyholder any time before maturity and good lump sum amount at the time of maturity
for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
1. Benefits:
Death benefit:
In case of death during the policy term provided all due premiums have been paid Death benefit,
defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final
Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher
of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than
105% of all the premiums paid as on date of death.
Where premiums exclude service tax, extra premium and rider premiums, if any.
Maturity Benefit: Basic Sum Assured, along with vested simple reversionary bonuses and Final
Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term
provided all due premiums have been paid.
entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation,
provided the policy is in full force.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results
into a claim either by death or maturity, provided the policy has run for certain minimum term.
Benefit Rider is available as an optional rider by payment of additional premium. 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 permanent 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 equal monthly installments spread over 10 years and future premiums for
Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is
equal to Accident Benefit Sum Assured under the policy, shall be waived.
For Basic plan
: Rs. 100,000
: No Limit
e) Maximum Maturity Age
f) Minimum Term
: 12 years
g) Maximum Term
: 35 years

b) Maximum Accident Benefit Sum Assured :
An amount equal to the Sum Assured under the Basic Plan subject to the maximum of Rs.50
lakh Accident Benefit Sum Assured taking all existing policies of the Life Assured under
individual as well as group schemes including policies with in-built accident benefit taken
with Life Insurance Corporation of India and the Accident Benefit Sum Assured under the new
proposal into consideration.
: The cover can be opted for at any policy
anniversary during the policy term but before the
policy anniversary on which the age nearer
birthday of the Life Assured is 70 years.
However, a grace period of one month but not less than 30 days will be allowed for payment of
yearly or half-yearly or quarterly premiums and 15 days for monthly premiums.
AGE/TERM
20
30
40
50
15
25
35
71.20
71.50
72.85
77.10
40.10
40.75
43.25
49.40
28.10
29.40
33.15

ModeRebate:
Yearly mode
Half-yearly mode
Quarterly & Salary deduction -
NIL
Rebate(Rs.)
1, 00,000 to 1, 95,000
Nil
2, 00,000 to 4, 95,000
2.00 %o B.S.A.
5, 00,000 and above
3.00%o B.S.A.
7. Revival:
revive within a period of 2 consecutive years from the date of first unpaid premium and before the
date of maturity, as the case may be by paying all the arrears of premium together with interest
(compounding half-yearly) at such rate as fixed by the Corporation at the time of the payment,
Revival of rider(s), if opted for, will be considered along with revival of the Basic Policy, and not in
isolation.
8. Paid-up Value:
bear the same ratio to the Basic Sum Assured as the premiums paid bears to the total number of
premiums i.e. Basic Sum Assured *(no. of premiums paid / no. of premiums payable).
This Paid-Up Sum Assured along with vested simple reversionary bonuses, if any, is payable on
the expiry of policy term or in case of prior death. The reversionary bonuses already accrued to the
policy as on the date of paid-up will remain attached to the policy. A paid-up policy will not
accrue any further bonuses.
Rider(s) do not acquire any paid-up value and the rider benefits cease to apply, if policy is in
lapsed condition.
9. Surrender Value:
The policy can surrendered for cash provided atleast three full years premiums have been paid.
The Guaranteed Surrender value shall be percentage of total premiums paid (net of service tax)
excluding extra premiums and premiums for riders, if opted for. This percentage will depend on
the policy term and policy year in which the policy is surrendered and specified as below:
In addition, the surrender value of any vested simple reversionary bonuses, if any, shall also be
vested bonuses. These factors will depend on the policy term and policy year in which the policy is
surrendered and specified as below:
10. Policy Loan:
subject to the terms and conditions as the company may specify from time to time.
11. Taxes:
Taxes, if any, shall be as per the Tax laws and the rate of tax shall be as applicable from time to
time.
If the Policyholder is not satisfied with the Terms and Conditions of the policy may be returned
to us within 15 days from the date of receipt of the policy bond stating the reasons of objections.
On receipt of the same the Corporation shall cancel the policy and return the amount of premium
deposited after deducting the proportionate risk premium (for basic plan and rider(s), if any) for
the period on cover, expenses incurred on medical examination, special reports, if any and stamp
duty.
13. Exclusion:
Statutory warning:
LICs New Endowment Plan
Notes:
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 4% p.a. or 8% 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.
SECTION 45 OF INSURANCE
ACT,1938:
No policy of life insurance shall after the expiry of two years from the date on which it
was effected,
be called in question by an insurer on the ground that a statement made in the proposal
for insurance or in any report of a medical officer, or referee, or friend of the insured, or in
any other document leading to the issue of the policy, was inaccurate or false, unless the
insurer shows that such statement was on a material matter or suppressed facts which
it was material to disclose and that it was fraudulently made by the policyholder and
that the policyholder knew at the time of making it that the statement was false or that it
suppressed facts which it was material to disclose.
Provided that nothing in this section shall prevent the insurer from calling for proof of
age at any time if he is entitled to do so, and no policy shall be deemed to be called in
question merely because the terms of the policy are adjusted on subsequent proof that the
age of the life assured was incorrectly stated in the proposal.
PROHIBITION OF REBATES (SECTION 41 OF INSURANCE
ACT,1938):
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
rebate 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 taken out by himself on his own life shall
not be deemed to be acceptance of a rebate of premium within the meaning of this
sub-section if at the time of such 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 fine which may extend to five hundred rupees.
Note: Conditions apply for which please refer to the Policy document or contact our
nearest Branch Offices.

Life Insurance Corporation
India
Central Office,
Yogakshema,
Jeevan Bima Marg,
Mumbai 400021.
of
VARISHTHA PENSION BIMA YOJANA

(UIN: 512G291V01)
1. Introduction:
Government of India in the Union Budget 2014-2015, announced the revival of Varishtha
Pension Bima Yojana. Excerpts from budget speech by Honble Finance Minister are,
NDA Government during its last term in office had introduced the Varishtha Pension
Bima Yojana (VPBY) as a pension scheme for senior citizens. Under the scheme a total
number of 3.16 lakh annuitants are being benefited and corpus amounts to Rs.6,095
Crore. I propose to revive the scheme for a limited period from 15th August 2014 to 14 th
August 2015 for the benefit of citizens aged 60 years and above
LIC of India has been given the sole privilege to operate this scheme.
2. Benefits :
a. Pension Payment :
During the lifetime of Pensioner, a pension in the form of immediate annuity as per mode
chosen by the Pensioner shall be payable.
b. Death Benefit:
On death of the Pensioner the Purchase Price shall be refunded.
3.
Eligibility Conditions and Other Restrictions:

a) Minimum Entry Age: 60 years (completed)
b) Maximum Entry Age: No limit
c) Minimum Pension:
Rs. 500/- per month
Rs. 1,500/- per quarter,
Rs. 3,000/- per half-year
Rs. 6,000/- per year
d) Maximum Pension:
Rs. 5000/- per month
Rs. 15,000/- per quarter,
Rs. 30,000/- per half-year
Rs. 60,000/- per year
Ceiling of maximum pension is for a family as a whole i.e. total amount of pension
under all the policies issued to a family under this plan shall not exceed the maximum
pension limit. The family for this purpose will comprise of pensioner, his/her spouse
and dependants.
4. Payment of Purchase Price:

The plan can be purchased by payment of a lump sum Purchase Price. The pensioner has an
option to choose either the amount of pension or the Purchase Price.
The minimum and maximum Purchase Price under different modes of pension will be as
under:
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0
Mode of Pension
Minimum Purchase Price
Maximum Purchase Price
Yearly
Rs. 63,960/Rs. 6,39,610/Half-yearly
Rs. 65,430/Rs. 6,54,275/Quarterly
Rs. 66,170/Rs. 6,61,690/Monthly
Rs. 66,665/Rs. 6,66,665/The Purchase Price to be charged shall be rounded to nearest multiple of Rs.5/-.
5. Mode of pension payment:
The modes of pension payment are monthly, quarterly, half-yearly & yearly. The pension
payment shall be through ECS/NEFT only.
The first instalment of pension shall be paid after 1 year, 6 months, 3 months or 1 month
from the date of purchase of the same depending on the mode of pension payment i.e.
yearly, half-yearly, quarterly or monthly respectively.
6. Sample Pension rates per Rs.1000/- Purchase Price
The pension rates for Rs.1000/- Purchase Price for different modes of pension payments
are as below:
Yearly:
Rs. 93.8069 p.a.
Half-yearly: Rs. 91.7045 p.a.
Quarterly:
Rs. 90.6767 p.a.
Monthly:
Rs. 90.0000 p.a.
The pension instalment shall be rounded off to the nearest rupee.
These rates are not age specific.
7. Surrender Value:
The policy can be surrendered after completion of 15 years. The Surrender Value payable
will be refund of Purchase Price. However, under exceptional circumstances, if the
pensioner requires money for the treatment of any critical/terminal illness of self or spouse
then the policy can be surrendered before the completion of 15 years and the Surrender
Value payable shall be 98% of Purchase Price.
8. Loan:
Loan facility is available after completion of 3 policy years. The maximum loan that can be
granted shall be 75% of the Purchase Price.
The rate of interest to be charged for loan amount would be determined from time to time
by the Corporation.
Loan interest will be recovered from pension amount payable under the policy. The Loan
interest will accrue as per the frequency of pension payment under the policy and it will be
due on the due date of pension. However, the loan outstanding shall be recovered from the
claim proceeds at the time of exit.
9. Taxes:
Taxes including Service Tax, if any, shall be as per the Tax laws and the rate of tax as
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1
The amount of tax payable as per the prevailing rates shall be payable by the policyholder
on Purchase Price. The amount of Tax paid shall not be considered for the calculation of
benefits payable under the plan.
10. Free Look period:

If a policyholder is not satisfied with the Terms and Conditions of the policy, he/she may
return the policy to the Corporation within 15 days from the date of receipt of the policy
stating the reason of objections.
The amount to be refunded within free look period shall be the Purchase Price deposited by
the policyholder after deducting the charges for Stamp duty.
proposal for insurance or in any report of a medical officer, or referee, or friend of the insured,
or in any other document leading to the issue of the policy, was inaccurate or false, unless the
insurer shows that such statement was on a material matter or suppressed facts which it was
any time if he is entitled to do so, and no policy shall be deemed to be called in question
merely because the terms of the policy are adjusted on subsequent proof that the age of the
life assured was incorrectly stated in the proposal.
PROHIBITION OF REBATES (SECTION 41 OF INSURANCE ACT, 1938):
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 rebate 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 taken out by himself on his own life shall not be deemed to be acceptance of a
rebate of premium within the meaning of this sub-section if at the time of such 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
Branch Office.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
Public receiving such phone calls are requested to lodge a police compliant along with details of
1
phone call, number.

Registered Office:
Jeevan Bima Marg,
Mumbai - 400021.
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3

LICS JEEVAN AKSHAY- VI (UIN: 512N234V04)
1. Introduction
It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The
plan provides for annuity payments of a stated amount throughout the life time of the
annuitant. Various options are available for the type and mode of payment of annuities.
2. Options Available
The following options are available under the plan
A)
Type of Annuity:
i)
ii)
iii)
iv)
v)
vi)
vii)
Annuity payable for life at a uniform rate.

Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the
annuitant is alive.
Annuity for life with return of purchase price on death of the annuitant.
Annuity payable for life increasing at a simple rate of 3% p.a.
Annuity for life with a provision of 50% of the annuity payable to spouse during
his/her lifetime on death of the annuitant.
his/her lifetime on death of the annuitant.
his/ her life time on death of annuitant. The purchase price will be returned on the
death of last survivor.
You may choose any one. Once chosen, the option cannot be altered.
B)
Mode:
Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You
may opt any mode of payment of Annuity.
3. Benefits
The amount of annuity is assured throughout life of the annuitant.
What happens if the annuitant dies?
If the annuitant dies :
a)Under option (i) annuity ceases.
b)Under option (ii)
1. On death during the guaranteed period - annuity is paid to the nominee till the
end of the guaranteed period after which the same ceases.
2.On death after the guaranteed period - annuity ceases.
c) Under option (iii) annuity ceases and the purchase price is paid to the nominee.
d)Under option (iv) annuity ceases.
e)Under option (v) annuity ceases and 50% of the annuity is payable to the surviving
named spouse during his/her life time. If the spouse predeceases the annuitant, the
annuity ceases.
f) Under option (vi) annuity ceases and full annuity is payable to the surviving named
spouse during his/her life time. If the spouse predeceases the annuitant, the annuity
ceases.
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g) Under option (vii) annuity ceases. Full annuity is payable to the surviving named
spouse during his/ her life time and purchase price is paid to the nominee after the
death of the spouse. If the spouse predeceases the annuitant, the annuity ceases
and purchase price will be paid to the nominee.
When first instalment of annuity payable:
First instalment of annuity is payable after one month, three months, six months or one year
from the date of purchase of annuity depending on the mode chosen is monthly, quarterly,
half yearly or yearly respectively.
4. Salient features
i)
ii)
iii)
iv)
v)
vi)
Premium is to be paid in a lump sum.

Minimum purchase price :
Rs.100,000/- for all distribution channels except online.
Rs.150,000/- for on line sale.
No medical examination is required under the plan.
No maximum limits for purchase price, annuity etc.
Minimum allowed age at entry is 30 years (completed) and Maximum allowed age at
entry is 85 years (completed).
Age proof necessary.
5. Annuity Rate:
Amount of annuity payable at yearly intervals which can be purchased for Rs. 1 lakh under
different options is as under:
Age last
birthday
(i)
Yearly annuity amount under option

( ii ) (15 years
( iii )
( iv )
(v)
( vi )
(vii)
6970
7120
7420
8030
9370
12340
6860
6890
6930
7010
7130
7290
certain)
30
40
50
60
70
80
7190
7510
8140
9350
12080
17880
7160
7440
7950
8790
9830
10440
6890
6930
7000
7110
7260
7480
5250
5610
6280
7530
10220
15890
7080
7310
7760
8640
10560
14600
6. Incentives for high purchase price

If your purchase price is Rs. 2.50 lakh or more, you will receive higher amount of annuity due
to available incentives. In addition of this, for policies sold online, a rebate of 1% by way of
increase in the annuity rate shall also be available.
7. Service Tax
Service tax, if any, shall be as per the Service Tax Laws and at the rate of service tax as
The amount of service tax as per the prevailing rates shall be payable by the policyholder
along with the purchase price.
8.
Paid-up value
The policy does not acquire any paid-up value.
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5
9. Surrender Value
No surrender value will be available under the policy.
10. Loan
No loan will be available under the policy.
11. 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 from the date of receipt of the Policy Bond. On receipt of the
policy we shall cancel the same and the amount of premium deposited by you shall be
refunded to you after deducting the charges for stamp duty.
Section 45 Of Insurance Act 1938 :

proposal for insurance or in any report of a medical officer, or referee, or friend of the
insured, or in any other document leading to the issue of the policy, was inaccurate or
false, unless the insurer shows that such statement was on a material matter or
suppressed facts which it was material to disclose and that it was fraudulently made by the
policyholder and that the policyholder knew at the time of making it that the statement was
false or that it suppressed facts which it was material to disclose.
Section 41 of Insurance Act 1938

(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
rebate 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 taken out by himself on his own life
shall not be deemed to be acceptance of a rebate of premium within the meaning
of this sub-section if at the time of such 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 fine which may extend to five hundred rupees.
Note : For full details please refer to the Policy document or contact our nearest Branch Office.
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LICs Amulya Jeevan - II Plan (UIN: 512N286V01)
LICs Amulya Jeevan - II is a protection plan which provides financial protection to the
insureds family in case of his/her unfortunate demise.
1. Benefits:
Death Benefit: In case of unfortunate death of the Life Assured during the policy term
Sum Assured shall be payable.
Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.
2. Eligibility Conditions and Other Restriction:
a) Minimum Sum Assured
: Rs. 25,00,000
b) Maximum Sum Assured
: No limit
(The Sum Assured shall be in multiples of Rs. 1,00,000/-)
c) Minimum age at entry
d) Maximum age at entry
e) Maximum cover ceasing age : 70 years (nearest birthday)
f) Minimum policy term
: 5 years
g) Maximum policy term
: 35 years
Premiums can be paid regularly during the term of the policy at yearly or half-yearly
intervals.
A grace period of one month but not less than 30 days will be allowed for payment of
premiums.
The sample premium rates (exclusive of taxes) are as under:
Annual premium rates per Rs. 1000 Sum Assured
Age
Term of the Policy (years)
(yrs.)
5
10
15
20
20
1.15
1.15
1.15
1.15
30
1.28
1.29
1.42
1.64
40
2.03
2.41
2.97
3.57
50
4.85
5.85
6.89
8.05
25
1.17
1.96
4.23
-
5. Additional Premium:
Additional premium for half-yearly mode: 2% of tabular annual premium
6. Revival:
If premiums are not paid within the grace period then the policy will lapse. A lapsed
policy can be revived within a period of 2 consecutive years from the date of first unpaid
premium but before the expiry of policy term, by paying all the arrears of premium
together with interest (compounding half-yearly) at such rate as fixed by the Corporation
at the time of the payment, subject to submission of satisfactory evidence of continued
insurability.
The cost of the medical reports, including special reports, if any, required for the purpose
of revival of the policy, shall be borne by the Life Assured.
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7
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 Policyholder.
7. Paid-up Value:
The policy shall not acquire any paid-up value.
8. Surrender Value:
No Surrender Value will be available under this plan.
9. Taxes:
Taxes including Service Tax, if any, shall be as per the Tax laws and the rate of tax shall
be as applicable from time to time.
Instalment premiums including extra premiums, if any. The amount of tax paid shall not
be considered for the calculation of benefits payable under the plan.
If the Policyholder is not satisfied with the Terms and Conditions of the policy, the
policy may be returned to us within 15 days from the date of receipt of the policy bond
premium for the period on cover, stamp duty charges, expenses for medical examination
and special reports, if any.
11. Exclusion:
Suicide:
This policy shall be void if the Life Assured (whether sane or insane) commits suicide
within 12 months from the date of commencement of risk or from the date of revival, an
amount equal to 80% of the premiums paid till the date of death (excluding any taxes,
extra premium and rider premiums, if any,), provided the policy is inforce, shall be
payable. The Corporation will not entertain any other claim under this policy.
Section 45 of Insurance Act, 1938:
insured, or in any other document leading to the issue of the policy, was inaccurate or false,
unless the insurer shows that such statement was on a material matter or suppressed facts
which it was material to disclose and that it was fraudulently made by the policyholder and
Prohibition of Rebates (Section 41 of INSURANCE ACT, 1938) :
(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to
payable or any rebate of the premium shown on the policy nor shall any person taking out or
1
8
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 of a
rebate of premium within the meaning of this sub-section if at the time of such 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 provision of this Section shall be
punishable with a fine, which may extend to 500 rupees.
nearest Branch Office.
Registered Office:
Jeevan Bima Marg,
Mumbai 400021.
1
9

LICs Anmol Jeevan - II Plan (UIN: 512N285V01)
LICs Anmol Jeevan - II is a protection plan which provides financial protection to the
insureds family in case of his/her unfortunate demise.
1. Benefits:
Death Benefit: In case of unfortunate death of the Life Assured during the policy term
Sum Assured shall be payable.
Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.
2. Eligibility Conditions and Other Restriction:
a) Minimum Sum Assured
: Rs. 6,00,000
b) Maximum Sum Assured
: Rs. 24,00,000
(The Sum Assured shall be in multiples of Rs. 1,00,000/-)
c) Minimum age at entry
d) Maximum age at entry
e) Maximum cover ceasing age : 65 years (nearest birthday)
f) Minimum policy term
: 5 years
g) Maximum policy term
: 25 years
Premiums can be paid regularly during the term of the policy at yearly or half-yearly
intervals.
A grace period of one month but not less than 30 days will be allowed for payment of
premiums.
The sample premium rates (exclusive of taxes) are as under:
Annual premium rates per Rs. 1000 Sum Assured
Age
Term of the Policy (years)
(yrs.)
5
10
15
20
20
2.09
2.09
2.09
2.16
30
2.31
2.37
2.65
3.02
40
3.48
4.10
5.07
6.03
50
7.91
9.44
11.21
-
25
2.31
3.54
7.05
-
5. Additional Premium:
Additional premium for half-yearly mode: 2.0% of tabular annual premium
6. Revival:
If premiums are not paid within the grace period then the policy will lapse. A lapsed
policy can be revived within a period of 2 consecutive years from the date of first unpaid
premium but before the expiry of policy term, by paying all the arrears of premium
together with interest (compounding half-yearly) at such rate as fixed by the Corporation
at the time of payment, subject to submission of satisfactory evidence of continued
insurability.
The cost of the medical reports, including special reports, if any, required for the purpose
of revival of the policy, shall be borne by the Life Assured.
2
0
decline the revival of a discontinued policy. The revival of discontinued policy shall take
communicated to the Policyholder.
7. Paid-up Value:
The policy shall not acquire any paid-up value.
8. Surrender Value:
No Surrender Value will be available under this plan.
9. Taxes:
Taxes including Service Tax, if any, shall be as per the Tax laws and the rate of tax shall
be as applicable from time to time.
Instalment premiums including extra premiums, if any. The amount of tax paid shall not
be considered for the calculation of benefits payable under the plan.
If the Policyholder is not satisfied with the Terms and Conditions of the policy, the
policy may be returned to us within 15 days from the date of receipt of the policy bond
premium for the period on cover, stamp duty charges, expenses for medical examination
and special reports, if any.
11. Exclusion:
Suicide:
This policy shall be void if the Life Assured (whether sane or insane) commits suicide
within 12 months from the date of commencement of risk or from the date of revival, an
amount equal to 80% of the premiums paid till the date of death (excluding any taxes,
extra premium, if any,), provided the policy is inforce, shall be payable. The Corporation
will not entertain any other claim under this policy.
Section 45 of Insurance Act, 1938:
insured, or in any other document leading to the issue of the policy, was inaccurate or false,
unless the insurer shows that such statement was on a material matter or suppressed facts
which it was material to disclose and that it was fraudulently made by the policyholder and
Prohibition of Rebates (Section 41 of INSURANCE ACT, 1938) :
(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to
payable or any rebate of the premium shown on the policy nor shall any person taking out or
2
1
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 of a
rebate of premium within the meaning of this sub-section if at the time of such 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 provision of this Section shall be
punishable with a fine, which may extend to 500 rupees.
nearest Branch Office.
Registered Office:
Jeevan Bima Marg,
Mumbai 400021.
- -1

LICs JEEVAN AROGYA (UIN: 512N266V02)
LIC's Jeevan Arogya is a unique non-participating non-linked plan which provides health
insurance cover against certain specified health risks and provides you with timely support
in case of medical emergencies and helps you and your family remain financially
independent in difficult times.
Health has been a major concern on everybodys mind, including yours. In these days of
skyrocketing medical expenses, when a family member is ill, it is a traumatic time for the
rest of the family. As a caring person, you do not want to let any unfortunate incident to
affect your plans for you and your family. So why let any medical emergencies shatter your
peace of mind.
LICs Jeevan Arogya gives you:
Valuable financial protection in case of hospitalisation, surgery etc
Increasing Health cover every year
Lump sum benefit irrespective of actual medical costs
No claim benefit
Flexible benefit limit to choose from
Flexible premium payment options
Very easy to choose your plan
Step 1
Step 2
Choose the level of Health cover you need

Work out the premium payable along with our Representative
Step 1: Choose the level of Health cover you need:

You can choose the amount of Initial Daily Benefit (i.e. the daily Hospital Cash Benefit
applicable in the first year of the policy) as per your need from out of the following choices:
` 1000 per day
` 2000 per day
` 3000 per day
` 4000 per day
This is the amount that will be payable to you in the event of hospitalisation in the first year
on a per day basis. The Major Surgical Benefit that you will be covered for will be 100 times
the Initial Daily Benefit you have chosen. Thus the initial Major Surgical Benefit Sum
Assured will be ` 1 lakh, 2 lakh, 3 lakh, 4 lakh respectively. Other benefits such as Day Care
Procedure Benefit, Other Surgical Benefit and Premium waiver Benefit (PWB) mentioned
below shall also be payable depending upon the daily Hospital Cash Benefit chosen.
Step 2: Work out the premium payable along with our representative
Your premium will depend on your age, gender, the Health cover option you have chosen,
whether you are Principal Insured or other insured life and the mode of payment.
- -2
Tables below give an indicative annual premium, payable yearly, for all health benefits
corresponding to an Initial Daily Benefit of ` 1000 per day, for some of the ages in respect of
various lives that can be covered under a single policy:
PRINCIPAL INSURED (Male)
Age at entry
Premium (`)
20
1922.65
30
2242.90
40
2799.70
50
3768.00
SPOUSE (Female) / PARENT (of PI/Spouse) (Female)
Age at entry
Premium (`)
20
1393.15
30
1730.65
40
2240.60
50
2849.10
CHILD
Age at entry
Premium (`)
0
792.00
5
794.75
10
812.35
15
870.75
(Premiums indicated are exclusive of Service Tax)
Who can be insured?
You (as Principal Insured (PI)), your spouse, your children, your parents and parents of
your spouse can all be insured under one policy. Quite a relief isnt it, to have all insured
under one policy!
The minimum and maximum age at entry is as under:
Minimum age at entry
Maximum age at entry
Self / spouse
18 years
65 years (last birthday)
Parents / parents-in-law
18 years
75 (last birthday)
Children
91 days
17 years (last birthday)
How long are each insured under this policy?
Each of the insured are covered for Health risks up to age (80). Children are insured up to
age 25 years.
1. Benefits offered under the plan are
Hospital cash benefit (HCB)

Major Surgical Benefit (MSB)
Day Care Procedure Benefit
Other Surgical Benefit
Ambulance Benefit
Premium waiver Benefit (PWB)
- -3
A) HospitalCashBenefit: If you or any of the insured lives covered under the policy is
hospitalised due to Accidental Body Injury or Sickness and the stay in hospital
exceeds a continuous period of 24 hours, then for any continuous period of 24 hours
or part thereof, provided any such part stay exceeds a continuous period of 4 hours
(after having completed the 24 hours as above) in a non-ICU ward/room of a
hospital, an amount equal to the Applicable Daily Benefit (ADB) available under the
policy during that policy year shall be payable subject to benefit limits and
conditions mentioned in Para 11A) and exclusions mentioned in Para 15 below.
During the first year of cover commencement in respect of each insured, the
Applicable Daily Benefit shall be the Initial Daily Benefit amount chosen by you and
mentioned in the policy Schedule.
The amount of ADB for each policy year, after the first policy year, shall consist of 2
parts:
An arithmetic addition of an amount equal to 5% (five percent) of the Initial
Daily Benefit to the Applicable Daily Benefit of the previous Policy Year. Such
increase in the Applicable Daily Benefit shall be effected on each policy
anniversary during the Cover Period and shall continue until it attains a
maximum amount of 1.5 times the Initial Daily Benefit. Thereafter, this amount
in each Policy Year in future shall remain at that maximum level attained.
Further arithmetic addition of an amount equal to No Claim Benefit (as
described in Para 1.G) below) provided the policy attracts and is eligible for it.
There shall be no maximum limit for such increase which means that if this
policy is eligible for No Claim Benefit, the same shall be granted throughout
the Cover Period without any maximum limit.
For members included subsequently under the policy, the benefit in the first year
shall be equal to Initial Daily Benefit amount and thereafter the Applicable Daily
Benefit shall increase as above.
If any of the member insured is required to stay in an Intensive Care Unit of a
hospital, two times the Applicable Daily Benefit will be payable subject to benefit
limits and conditions mentioned in Para 11A) and exclusions mentioned in Para 15
below.
During one period of 24 continuous hours (i.e. one day) of Hospitalisation (after
having completed the 24 hours as above), if the said Hospitalisation included stay in
an Intensive Care Unit as well as in any other in-patient (non-Intensive Care Unit)
ward of the Hospital, the Corporation shall pay benefits as if the admission was to
the Intensive Care Unit provided that the period of Hospitalisation in the Intensive
Care Unit was at least 4 continuous hours.
No benefit will be payable for the first 24 hours of hospitalisation. However, for
every Hospitalization that extends for a continuous period of 7 days or more, the
Daily Hospital Cash Benefit would also be paid for first 24 hours (day one) of
hospitalization, regardless of whether the Insured was admitted in a general or
special ward or in an intensive care unit.
B) MajorSurgicalBenefit: In the event of an Insured under this plan, due to

medical necessity, undergoing one of the surgeries defined in Major Surgical
- -4
Benefit Annexure, within the cover period in a hospital due to Accidental

Bodily Injury or Sickness, the respective benefit percentage of the Major
Surgical Benefit Sum Assured, as specified against each of the eligible
surgeries mentioned in Major Surgical Benefit Annexure, shall be paid subject
to benefit limits and conditions mentioned in Para 11B) and exclusions mentioned in
Para 15 below.
C) Day Care Procedure Benefit: In the event of an Insured under this Plan undergoing
any specified Day Care Procedure mentioned in the Day Care Procedure Benefit
Annexure due to medical necessity, a lump sum amount equal to 5 (five) times the
Applicable Daily Benefit shall be paid, regardless of the actual costs incurred, subject
to benefit limits and conditions mentioned in Para 11C) and exclusions mentioned in
Para 15 below.
D) OtherSurgicalBenefit: In the event of an Insured under this Plan, due to medical
necessity, undergoing any Surgery not listed under Major Surgical Benefit or Day
Care Procedure Benefit, causing the Insureds Hospitalization to exceed a continuous
period of 24 hours within the Cover Period, then, a daily benefit equal to 2 (two)
times the Applicable Daily Benefit shall be paid for each continuous period of 24
hours or part thereof provided any such part stay exceeds a continuous period of 4
hours of Hospitalization, subject to benefit limits and conditions mentioned in Para
11D) and exclusions mentioned in Para 15 below.
E) AmbulanceBenefit: In the event that a Major Surgical Benefit falling under Category
1 or Category 2 (as mentioned in the Major Surgical Benefit Annexure) is payable
and emergency transportation costs by an ambulance have been incurred, an
additional lump sum of ` 1,000 will be payable in lieu of ambulance expenses.
F)
PremiumWaiverBenefit: In the event that a Major Surgical Benefit falling under

Category 1 or Category 2 (as mentioned in the Major Surgical Benefit Annexure) is
payable in respect of any Insured covered under the policy, the total annualized
premium i.e. total one year premium in respect of that Policy from the date of
instalment premium due coinciding with or next following the date of the Surgery
will be waived.
G) Noclaimbenefit: A no claim benefit will be paid in the event that during the period
between Date of Commencement of policy and next Automatic Renewal Date or
between two Automatic Renewal Dates (described in Para 4 below) there are no
claims in respect of any Insured covered under your policy. The amount of the no
claim benefit would be equal to 5% (five percent) of the Initial Daily Benefit in
respect of each Insured and the resulting amount shall be added to arrive at the
Applicable Daily Benefit in respect of each Insured for the Policy Year next following
the most recent Automatic Renewal Date.
2. Payment of Premiums: You may pay premiums regularly at yearly or half-yearly
intervals over the term of the policy.
The premium in respect of each individual will be payable from the date of entry into
the policy till the date of exit from the policy and will depend on the age of the insured
member, the level of Hospital Cash Benefit (HCB) chosen, whether the insured member
- -5
is Principal Insured or any other Insured life (in case of cover for more than one member
in a policy). The level of premium for Principal Insured and the other insured members
shall be different for the same age and same level of cover.
The premiums are guaranteed for 3 years from the date of commencement of policy.
Thereafter i.e. at the end of every 3 years, the Corporation reserves the right to review
the premium to take account of the experience of the portfolio subject to prior approval
from IRDA. The rates applicable on every Automatic Renewal Date shall be guaranteed
for a further period of 3 years i.e. till next Automatic Renewal Date.
The premium rates in respect of each insured member on renewal will be based on age
of that member at the time of inclusion into the policy.
The total premium to be charged for a policy will be the sum of premiums in respect of
each member to be covered in that policy.
3. Mode and High HCB Rebates:
Mode Rebate:
Yearly mode
: 2% of tabular premium
Half-yearly mode
: 1% of the tabular premium
HCB Rebates:
In respect of a member covered under a policy, if HCB is more than ` 1000, then the
premium arrived at in respect of that member shall be reduced by an amount (`)
given below:
ForPI
Foreachinsuredmember
HCB (`)
otherthanPI
2000
500
250
3000
1000
500
4000
1500
750
4. Automatic Renewal Date: The installment premium will be guaranteed in respect of
each Insured for a period of 3 years from the Date of Commencement of the policy, i.e.
for the first 3 years of the policy. Thereafter, at the end of every third policy anniversary,
the premiums may be reviewed to take into account the Corporations experience,
subject to prior approval from IRDA. These premium due dates, at the end of every
third policy anniversary, starting from the date of commencement of policy till the date
of cover expiry, on which the installment premiums are reviewable, will be referred as
AutomaticRenewalDates in respect of all Insured in the Policy.
On any Automatic Renewal Date in the future, the installment premium will be based
on the age of the Insured at the time of inclusion into the policy and the Corporations
premium rates then prevailing for this product.
5. Options:
A) Cover to new additional members: If PI gets married/ remarried during the term of
the policy, the spouse and parents-in-law can be included in the policy within six
months from the date of marriage / remarriage, but the cover shall start from the
policy anniversary coinciding with or next following the date of inclusion. Enhanced
premium shall be due from such policy anniversary.
- -6
Similarly, Any child born/legally adopted after taking the policy can also be
covered from the next immediate policy anniversary date following the date
on which the child completes the age of 3 months. If the age of legally
adopted child on the date of adoption is more than 3 months, the child can be
covered from policy anniversary coinciding with or next following the date of
adoption. Enhanced premiums shall be due from such policy anniversary.
Inclusion of each additional member will be on payment of enhanced premiums and
subject to various terms and conditions of the plan.
Any addition of new lives shall be allowed by the PI only. After the death of PI, no
addition will be allowed.
Addition in any other case will not be allowed. The existing spouse, parents, parentsin-law and children, if not covered at the time of taking policy, shall not be covered
under the policy.
If both of the parents (father and mother) are alive and are eligible for cover, then
either both of them will have to be covered or none of them will be covered. The PI
will not have any option to choose one of them. The same condition will apply for
parents-in-law also at the time of purchasing a policy or on addition of new
members under an existing policy.
B) Option to migrate: Children covered under this plan shall have the option to take a
suitable new health insurance policy (subject to underwriting) at the end of the
specified exit age or at the renewal of the policy after completion of 18 years of age.
i)
The new policy should be purchased within 90 days of the termination of childs
membership from the existing policy.
ii) The Insured member shall be eligible for suitable credits gained for pre-existing
conditions and time bound exclusions for all the previous years, provided the
policy is in-force. The outstanding Waiting periods and outstanding period of
any Exclusion will however apply under the new policy.
iii) These credits shall be available up to a maximum of the current SA level under
the existing policy.
iv) Other terms and conditions including premium rates will be as applicable for the
new policy.
C) QuickCashfacility: If any of the insured lives undergoes any eligible surgery
covered under Category I or II of MSB in any of the listed network hospitals, you, as
PI will have an option to avail Quick Cash facility. Under this facility, 50% of eligible
MSB amount would be made available even during the period of hospitalization of
any of the insured lives covered (the surgery may be either planned or emergency
due to accident) instead of waiting for making a claim for the benefit after discharge.
It will be only an advance payment in the event of hospitalization for any MSB
defined in the surgeries listed under categories I & II and permissible under the
policy conditions of the plan. This will be, however, subject to approval from the
Corporation, and the advance amount will be adjusted from the final settlement of
MSB claim amount.
- -7
This facility of advance payment could be availed by submitting your Bank Account
details in the prescribed format. The amount of advance shall be credited to your
bank account directly.
D) Term Assurance Rider: You, as PI, and/ or your spouse may opt for Term Assurance
as optional rider equal to the MSB SA. In case of unfortunate death, an amount equal
to Term Assurance Sum Assured will be payable on death during the term for which
Term Assurance Rider is opted for.
E) AccidentBenefitRider: You and/ or your spouse may also opt for Accident Benefit
Rider if Term Assurance Rider has been opted for. Maximum Accident Benefit Sum
Assured shall be equal to the Term Assurance Rider SA. In case of unfortunate death
due to an accident, an amount equal to Accident Benefit Sum Assured shall be
payable.
Accident Benefit Rider will be available under the plan by payment of additional
premium of ` 0.50 for every ` 1,000/- of the Accident Benefit Sum Assured per policy
year in respect of each life to be covered.
The additional premium for this benefit will not be required to be paid on and after
the Policy anniversary on which the Term Assurance Rider ceases.
6.
Eligibility Conditions And Other Restrictions:

FOR BASIC PLAN
(i) For Hospital Cash Benefit (HCB) (under Basic Plan)

Feature
Principal
Insured Spouse (if any) & Insured Dependent
Insured
Insured Parents / Parents- Children (if any)
in-law (if any)
(PI)
a) Minimum Initial Daily ` 1,000/` 1,000/` 1,000/Benefit (in a ward
other than Intensive
Care Unit)
b) Maximum initial daily ` 4,000/InsuredSpouse- Less than Less than or equal to
amount
or equal to that of PI
that
of
Insured
Insured
Parents
/
Spouse (PI, if there is
Parents-in-law- Less than no Insured Spouse).
or equal to that of Insured Further,
included
Spouse (PI, if there is no children
shall
be
Insured Spouse). Further, covered for equal
included
parents
/ benefits.
parents-in-law shall be
covered for equal benefits.
c) Maximum
annual 30 days in year 1, 90 days per year thereafter, inclusive of stay
benefit
period, in ICU. Maximum number of days in ICU is restricted to 15
applicable
to
each days in year 1 and to 45 days thereafter.
insured
d) Maximum
Lifetime 720 days inclusive of stay in ICU. Maximum number of days in
Benefit
period, ICU is restricted to 360 days
applicable
to
each
insured
- -8
Initial Daily Benefit shall be in multiples of ` 1000/-.

(ii) For Major Surgical Benefit (MSB) (under Basic Plan)
Feature
Principal
Insured Spouse (if any) &
Insured (PI)
Insured Parents / parentsin-law (if any)
a) Major Surgical 100 times of InsuredSpouse- 100 times
Benefit
Sum Applicable
of ADB of Insured Spouse
Assured (MSB Daily
Benefit Insured Parents / parents- inSA)
(ADB) of PI (as law- 100 times of ADB of
specified
in each parent
Para
1A)
above).
b) Maximum
100% of Major Surgical Benefit Sum Assured
annual benefit,
applicable
to
each insured
c) Maximum
800% of Major Surgical Benefit Sum Assured
Lifetime Benefit,
applicable
to
each insured
(iii)
b)
c)
100 times of ADB of

each child
For Day Care Procedure Benefit (DCPB) (under Basic Plan)
Feature
a)
Insured Dependent
Children (if any)
Principal
Insured (PI)

Lump
sum 5
times
of InsuredSpouse- 5 times of
benefit payable
Applicable
ADB of Insured Spouse
Daily
Benefit Insured Parents / parents- in(ADB) of PI
law- 5 times of ADB of
each parent
Maximum
3 Surgical Procedures
annual benefit,
applicable
to
each insured
Maximum
24 Surgical Procedures
Lifetime Benefit,
applicable
to
each insured
Insured Dependent
Children (if any)
5 times of ADB of
each child
(iv) For Other Surgical Benefit (OSB) (under Basic Plan)

Feature
d) Daily
benefit
amount
Principal
Insured (PI)

2 times of ADB InsuredSpouse- 2 times of
of PI
ADB of Insured Spouse
Insured Parents / parents- inlaw- 2 times of ADB of
each parent
- -9
Insured Dependent
Children (if any)
2 times of ADB of
each child
e)
f)
Maximum
15 days in first policy year and 45 days per year thereafter
annual benefit,
applicable
to
each insured
Maximum
360 days
Lifetime Benefit,
applicable
to
each insured
FOR ACCIDENT BENEFIT RIDER OPTION:
(a) Minimum Accident Benefit Sum Assured: ` [25] in '000's
(b) Maximum Accident Benefit Sum Assured: An amount equal to the Term
Assurance Sum Assured in respect of the insured, subject to maximum of ` 50
lakhs overall limit considering the Accident Benefit Sum Assured in respect
of all existing policies under individual as well as group policies on the life of
the insured including the policies taken from Life Insurance Corporation of
India and the Accident Benefit Sum Assured under new proposals into
consideration.
(c)
(d)
(e)
(f)
The Accident Benefit Sum Assured shall be in multiples of ` 5,000/-.

Minimum Entry Age:
18 years completed
Maximum Entry Age:
50 years (Nearest Birthday)
Maximum cover ceasing Age: 60 years (Nearest Birthday)
Maximum term:
35 years
FOR TERM ASSURANCE RIDER OPTION:

(a) Minimum Term Assurance Sum Assured: ` [100] in '000's
(b) Maximum Term Assurance Sum Assured: An amount equal to the Major
Surgical Benefit Sum Assured (MSB SA) at the time of inception/ inclusion
into the policy (i.e. 100 times of Initial Daily Hospital Cash Benefit) in respect
of the insured, subject to the maximum of ` 25 lakh overall limit taking all
term assurance riders under all existing policies of the Life Assured and
Term Assurance Sum Assured under other proposals into consideration.
(c)
(d)
(e)
(f)
The Term Assurance Sum Assured shall be in multiples of ` 25,000/-.

Minimum Entry Age:
18 years (completed)
Maximum Entry Age:
50 years (Nearest Birthday)
Maximum cover ceasing Age:60 years (Nearest Birthday)
Maximum Term:
35 years
7. Other Features:
A) DeathBenefitunderthebasicplan: No death benefits will be payable on the death of
any Insured unless any of the Rider Benefits mentioned above has been opted for.
On death of the Principal Insured;
a) The surviving Insured Spouse will become the Principal Insured provided the
option is exercised at the beginning of the contract and the Policy will continue.
In such case, the premium for the Insured Spouse will change from the date
- 10
coinciding with or following instalment premium due date and the new
premium would be based on tabular premium rates applicable for PIs and the
age for calculation of revised premium rate will be the age at entry of the spouse.
If the option is not exercised at the beginning of the contract, the Insured Spouse
will not become PI and the policy will terminate.
b) If the Insured Spouse had predeceased the Principal Insured, then the other
Insured will have the option to take a new policy and the existing Policy will
terminate. In respect of these other Insured:
i.
The new policy will be issued without any underwriting if the new policy
is bought within 90 days of the termination of the existing Policy.
ii.
The maximum entry age condition will not apply for the new policy.
iii.
The outstanding Waiting periods and outstanding period of any Exclusion
will however apply under the new policy.
iv.
Other terms and conditions including premium rates will be as applicable
for the new policy.
In the event of death of an Insured person other than the Principal Insured, the
policy will continue after removal of the Insured and change in premium will
apply from the instalment premium due date coinciding with or next following
the date of intimation of death of the Insured.
B) MaturityBenefit: No benefits are payable at end of the Cover Period.
C) Discontinuanceofpremiums: A grace period of one month but not less than 30 days
will be allowed for payment of yearly or half yearly premiums.
If premium is not paid before the expiry of the days of grace, the Policy lapses and
all the benefits payable under this plan will cease.
D) Revival: A lapsed policy may be revived by the PI within a period of 2 years from
the due date of first unpaid premium but before the expiry of cover in respect of PI,
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 fixed by the Corporation from time to time. The Corporation
reserves the right to accept at original terms, accept with modified terms or decline
the revival of a discontinued policy. The revival of the discontinued policy shall take
communicated to the PI.
Waiting periods and Exclusions, as described in Para 14 and 15 respectively, will
apply on revival. The Principal Insured may need to provide satisfactory evidence
of good health in respect of each Insured as required by the Corporation, at his own
expense. The Date of Revival will be when all requirements for
revival/reinstatement are met and approved by the Corporation at its sole
discretion.
No benefit will be paid for an event that occurred during the lapse period till the
Date of Revival when the Policy was in a discontinued state.
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Further, if the Automatic Renewal Date falls between the revival period and revival
is done after the Automatic Renewal Date, the premium before and after the
Automatic Renewal Date may be different.
Revival will not be allowed post the revival period.
E) Surrender:
No surrender value will be available under the plan.
8. 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 from the date of receipt of the policy. The Corporation
will cancel the policy and return the premium paid subject to the following deductions:
1) Stamp duty on the policy 2) Proportionate Risk Premium for the period on cover
3) Any expense borne by the Corporation on medical examination and special reports, if
any of the Insured persons.
9. Loan:
No loan will be available under this plan.
10. Assignment:
No Assignment will be allowed under this plan.
11. Benefit Limits and Conditions:
A) HospitalCashBenefit:
i) The Hospital Cash Benefit shall be payable only if Hospitalisation has occurred
within India.
ii) The total number of days for which hospital cash benefit would be payable, in
respect of each Insured, in a Policy Year would be restricted to a)
A maximum of 30 (thirty) days of Hospitalization out of which not more
than 15 (fifteen) days shall be in an Intensive Care Unit in the first Policy
Year following the date of commencement of cover in respect of that
Insured
b)
A maximum of 90 (ninety) days of Hospitalization out of which not more
than 45 (forty five) days shall be in an Intensive Care Unit in the second
and subsequent Policy Years following the date of commencement of cover
in respect of that Insured
iii) The total number of days of Hospitalization for which Hospital Cash Benefit is
payable during the Cover Period, in respect of each and every Insured covered
under the policy, shall be limited to a maximum of 720 (seven hundred and
twenty) days out of which not more than 360 (three hundred and sixty) days
shall be in an Intensive Care Unit. Upon attainment of this limit by an Insured,
the Hospital Cash Benefit in respect of that Insured shall cease immediately.
iv) The Benefit Limits specified in the above clauses in respect of an Insured under
this Policy, shall solely and exclusively apply to that Insured. Any unclaimed
Hospital Cash Benefit of any one Insured is not transferable to any other Insured.
v) The Hospital Cash Benefit shall not be payable in the event of an Insured under
this Policy undergoing any specified Day Care Procedure (as mentioned in the
Day Care Procedure Benefit Annexure).
B) MajorSurgicalBenefit:
- 1-1
i) If more than one Surgery is performed on the Insured, through the same incision
or by making different incisions, during the same surgical session, the
Corporation shall only pay for that Surgery performed in respect of which the
largest amount shall become payable.
ii) The Major Surgical Benefit shall be paid as a lump sum as specified for the
benefit concerned and is subject to providing proof of Surgery to the satisfaction
of the Corporation.
iii) All Surgical Procedures claimed should be confirmed as essential and required,
by a qualified Physician or Surgeon, to the satisfaction of the Corporation.
iv) The Major Surgical Benefit will be payable only after the Corporation is satisfied
on the basis of medical evidence that the specified Surgery covered under the
Policy has been performed.
v) The Major Surgical Benefit shall be payable only if the Surgery has been
performed within India.
vi) The amount in lieu of ambulance expenses shall be payable only once in respect
of each Insured in any Policy Year and is subject to providing satisfactory
evidence to the Corporation.
vii) The total amount payable in respect of each Insured under the Major Surgical
Benefit in any Policy Year during the Cover Period shall not exceed 100% of the
Major Surgical Benefit Sum Assured in that Policy year.
viii) The total amount payable in respect of each Insured during the Cover Period
under the Major Surgical Benefit shall not exceed a maximum limit of 800% of
the Major Surgical Benefit Sum Assured. If the total amount paid in respect of an
Insured equals this lifetime maximum limit, the Major Surgical Benefit in respect
of that Insured will cease immediately.
ix) The Benefit Limits specified in the above clauses in respect of an Insured under
Major Surgical Benefit of any one Insured is not transferable to any other
Insured.
x) The Major Surgical benefit for any surgery cannot be claimed and shall not be
payable more than once for the same surgery during the term of the policy.
C) DayCareProcedureBenefit:
i) If more than one Day Care Procedure is performed on the Insured, through the
same incision or by making different incisions, during the same surgical session,
the Corporation shall only pay for one Day Care Surgical Procedure.
ii) The Day Care Procedure Benefit shall be paid as a lump sum and is subject to
providing proof of Surgery to the satisfaction of the Corporation.
iv) The Day Care Procedure Benefit will be payable only after the Corporation is
satisfied on the basis of medical evidence that the specified Surgical Procedure
covered under the policy has been performed.
v) The Day Care Procedure Benefit shall be payable only if the Surgical Procedure
has been performed within India.
vi) In respect of each Insured, the Day Care Procedure Benefit will be payable only
up to a maximum of 3 (three) Surgical Procedures in any Policy Year during the
Cover Period.
vii) In respect of each Insured during the Cover Period, the Day Care Procedure
Benefit will be payable only up to a maximum of 24 (twenty four) Surgical
Procedures. If the number of Surgical Procedures eligible for the Day Care
- 1-2
Procedure Benefit in respect of an Insured equals this lifetime maximum limit,

the Day Care Procedure Benefit in respect of that Insured will cease immediately.
viii) The Benefit Limits specified in the above clauses in respect of an Insured under
Day Care Procedure Benefit of any one Insured is not transferable to any other
Insured.
ix) If a Day Care Procedure Benefit is performed no Hospital Cash Benefit shall be
paid.
D) OtherSurgicalBenefit:
i) If more than one Surgical Procedure is performed on the Insured, through the
same incision or by making different incisions, during the same surgical session,
the Corporation shall only pay for one Surgical Procedure.
ii) The Other Surgical Benefit shall be paid as a Daily Benefit and is subject to
providing proof of Surgery to the satisfaction of the Corporation.
iv) The Other Surgical Benefit will be payable only after the Corporation is satisfied
on the basis of medical evidence that the specified Surgical Procedure covered
under the policy has been performed.
v) The Other Surgical Benefit shall be payable only if the Surgical Procedure has
been performed within India.
vi) The total number of days of Hospitalization for which the Other Surgical Benefit
is payable during a Policy Year in respect of each and every Insured covered
under the Policy shall not exceed 15 (fifteen) days in the first Policy Year
following the date of commencement of cover in respect of that Insured and 45
(forty five) days for the second and subsequent Policy Years following the date of
commencement of cover in respect of that Insured.
vii) The total number of days of Hospitalization for which the Other Surgical Benefit
is payable during the Cover Period, in respect of each and every Insured covered
under the Policy shall not exceed a maximum limit of 360 (three hundred and
sixty) days. Upon attainment of this lifetime maximum limit, the Other Surgical
Benefit in respect of that Insured will cease immediately.
viii) The Benefit Limits specified in the above clauses in respect of an Insured under
Other Surgical Benefit on any one Insured is not transferable to any other
Insured.
12. Commencement And Termination Of Benefit Covers:
The Hospital Cash Benefit, Major Surgical Benefit, Day Care Procedure Benefit and
Other Surgical Benefit cover in respect of each Insured covered under your policy shall
commence on the Date of Cover Commencement individually stated in the Policy
Schedule.
The Hospital Cash Benefit, Major Surgical Benefit, Day Care Procedure Benefit and
Other Surgical Benefit cover in respect of each Insured shall terminate at the earliest of
the following:
i. The Date of Cover Expiry mentioned in the Policy Schedule;
ii. On exhausting all the lifetime maximum Benefit Limits as specified in Para 11
above;
iii. On death or Date of Cover Expiry of the Principal Insured and if the Policy does not
- 1-3
continue with the Insured Spouse as the Principal Insured;

iv. On death or Date of Cover Expiry of Insured Spouse after the Policy continues with
the Insured Spouse as the Principal Insured after the PI dies or reaches his/her Date
of Cover Expiry.
v. On death of the Insured;
vi. In respect of the Insured Spouse, on divorce or legal separation from the Principal
Insured;
vii. On termination of the Policy due to non-payment of premium or any other reason.
13. Termination of Policy:
A) Ifpolicyisissuedonsinglelife:
The policy shall terminate at the earliest of the following:
i) Non-payment of premiums within the revival period;
ii) On death;
iii) On the Date of Cover Expiry mentioned in the Policy Schedule;
iv) On exhausting all the lifetime maximum Benefit Limits as specified in Para 11
above.
B) Ifpolicyisissuedonmorethanonelife:
The policy shall terminate at the earliest of the following:

i) Non-payment of premiums within the revival period;
ii) On PI exhausting all the lifetime maximum Benefit Limits as specified in Para 11
above.
iii) On death or Date of Cover Expiry, of the Principal Insured and if the Policy does
not continue with the Insured Spouse as the Principal Insured.
iv) On the death or Date of Cover Expiry, of Insured Spouse after the Policy
continues with the Insured Spouse as the Principal Insured after the PI dies or
reaches his/her Date of Cover Expiry.
14. Waiting Period:
Generalwaitingperiod:
There shall be no general waiting period in case Hospitalization or Surgery is due to
Accidental Bodily Injury. There shall be a general waiting period during which no
benefits shall be payable in the event of Hospitalization or Surgery, if the said
Hospitalization or Surgery occurred due to Sickness.
i.
ii.
The general waiting period shall be 90 (ninety) days from the Date of Cover
Commencement in respect of each Insured.
If the policy is revived after discontinuance of the Cover then the following shall
apply in respect of each Insured:
a) If the request for revival is received by the Corporation within 90 (ninety)
days from the due date of the first unpaid premium, then there shall be a
general waiting period of 45 (forty five) days from the Date of Revival in
respect of each Insured.
b) If the request for revival is received by the Corporation beyond 90 (ninety)
general waiting period of 90 (ninety) days from the Date of Revival in respect
of each Insured.
Specificwaitingperiod:
In addition, in respect of each Insured, no benefits are available hereunder and no
payment will be made by the Corporation for any claim under this Policy on account of
- 1-4
Hospitalization or Surgery directly or indirectly caused by, based on, arising out of or
howsoever attributable to any of the following during the specific waiting period:
i.
Treatment for adenoid or tonsillar disorders
ii. Treatment for anal fistula or anal fissure
iii. Treatment for benign enlargement of prostate gland
iv. Treatment for benign uterine disorders like fibroids, uterine prolapse, dysfunctional
uterine bleeding etc
v. Treatment for Cataract
vi. Treatment for Gall stones
vii. Treatment for slip disc
viii. Treatment for Piles
ix. Treatment for benign thyroid disorders
x. Treatment for Hernia
xi. Treatment for hydrocele
xii. Treatment for degenerative joint conditions
xiii. Treatment for sinus disorders
xiv. Treatment for kidney or urinary tract stones
xv. Treatment for varicose veins
xvi. Treatment for Carpal tunnel syndrome
xvii. Treatment for benign breast disorders e.g. fibroadenoma, fibrocystic disease etc
The specific waiting period in respect of the treatments specified in the list above shall
be as follows:
i.
The specific waiting period shall be 2 (two) years from the Date of Cover
Commencement in respect of each Insured.
ii. If the policy is revived after discontinuance of the Cover then the following shall
apply in respect of each Insured:
a) If the request for revival is received by the Corporation within less than 90
(ninety) days from the due date of the first unpaid premium, then the
specific waiting period shall continue to be till 2 (two) years from the Date
of Cover Commencement in respect of each Insured.
b) If the request for revival is received by the Corporation beyond 90 (ninety)
specific waiting period of 2 (two) years from the Date of Revival in respect
of each Insured.
No charges for this benefit shall be deducted after the benefit ceases.
15. Exclusions:
No benefits are available hereunder and no payment will be made by the Corporation
for any claim under this policy on account of hospitalization or surgery directly or
indirectly caused by, based on, arising out of or howsoever attributable to any of the
following:
i.
Any Pre-existing Condition unless disclosed to and accepted by the Corporation
prior to the Date of Cover Commencement or the Date of Revival (if the Policy is
revived after discontinuance of the Cover).
ii.
Any treatment or Surgery not performed by a Physician/Surgeon or any
treatment or Surgery of a purely experimental nature.
iii.
Any routine or prescribed medical check up or examination.
iv.
Medical Expenses relating to any treatment primarily for diagnostic, X-ray or
- 1-5
v.
vi.
vii.
viii.
ix.
x.
xi.
xii.
xiii.
xiv.
xv.
xvi.
xvii.
xviii.
xix.
xx.
xxi.
xxii.
xxiii.
laboratory examinations.
Any Sickness that has been classified as an Epidemic by the Central or State
Government.
Circumcision, cosmetic or aesthetic treatments of any description, change of
gender surgery, plastic surgery (unless such plastic surgery is necessary for the
treatment of Illness or accidental Bodily Injury as a direct result of the insured
event and performed with in 6 months of the same).
Hospitalisation or Surgery for donation of an organ by donor.
Treatment for correction of birth defects or congenital anomalies.
Dental treatment or surgery of any kind unless necessitated by Accidental Bodily
Injury.
Convalescence, general debility, nervous or other breakdown, rest cure,
congenital diseases or defect or anomaly, sterilisation or infertility (diagnosis
and treatment), any sanatoriums, spa or rest cures or long term care or
hospitalization undertaken as a preventive or recuperative measure.
Self afflicted injuries or conditions (attempted suicide), and/or the use or misuse
of any drugs or alcohol and complications arising from it.
Any sexually transmitted diseases or any condition directly or indirectly caused
to or associated with Human Immuno Deficiency (HIV) Virus or any Syndrome
or condition of a similar kind commonly referred to as AIDS.
Removal or correction or replacement of any material /prosthesis / medical
devices that was implanted in a former surgery before Date of Cover
commencement or Date of Revival (if the Policy is revived after discontinuance
of the Cover).
Any diagnosis or treatment arising from or traceable to pregnancy (whether
uterine or extra uterine), childbirth including caesarean section, medical
termination of pregnancy and/or any treatment related to pre and post natal care
of the mother or the new born.
Hospitalisation for the sole purpose of physiotherapy or any ailment for which
hospitalization is not warranted due to advancement in medical technology.
War, invasion, act of foreign enemy, hostilities (whether war be declared or not),
civil war, rebellion, revolution, insurrection military or usurped power of civil
commotion or loot or pillage in connection herewith.
Naval or military operations(including duties of peace time) of the armed forces
or air force and participation in operations requiring the use of arms or which are
ordered by military authorities for combating terrorists, rebels and the like.
Any natural peril (including but not limited to avalanche, earthquake, volcanic
eruptions or any kind of natural hazard).
Participation in any hazardous activity or sports including but not limited to
racing, scuba diving, aerial sports, bungee jumping and mountaineering or in
any criminal or illegal activities.
To any loss, damage or expense due to or arising out of, directly or indirectly,
nuclear reaction, radiation or radioactive contamination regardless of how it was
caused.
Hospitalisation expenses related to Non-allopathic methods of treatment or
surgery.
Participation in any criminal or illegal activities.
Treatment arising from the Insureds failure to act on proper medical advice.
16. Taxes:
Taxes, if any, shall be as per the Tax laws and the rate of tax shall be as applicable from
- 1-6
time to time.
including extra premiums, if any.
No policy of life insurance shall after the expiry of two years from the date on which it
was effected, be called in question by an insurer on the ground that a statement made in the
proposal for insurance or in any report of a medical officer, or referee, or friend of the insured, or in
any other document leading to the issue of the policy, was inaccurate or false, unless the insurer
shows that such statement was on a material matter or suppressed facts which it was material
to disclose and that it was fraudulently made by the policyholder and that the policyholder
knew at the time of making it that the statement was false or that it suppressed facts which it
was material to disclose.
time if he is entitled to do so, and no policy shall be deemed to be called in question merely because
the terms of the policy are adjusted on subsequent proof that the age of the life assured was
incorrectly stated in the proposal.
SECTION 41 OF INSURANCE ACT 1938:

(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 rebate 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 taken out by himself on his own life shall
not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at
the time of such 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 fine which may extend to five hundred rupees.
Branch Office.

LICs NEW MONEY BACK PLAN-20 YEARS (UIN: 512N280V01)
LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive
combination of protection against death throughout the term of the plan along with the periodic
payment on survival at specified durations during the term. This unique combination provides
financial support for the family of the deceased policyholder any time before maturity and lump sum
amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity
needs through its loan facility.
1. Benefits:
Death benefit: On death during the policy term provided the policy is in full force, death benefit,
Additional Bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher
of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not
be less than 105% of the total premiums paid as on date of death.
The premiums mentioned above exclude tax, extra premium and rider premium, if any.
Survival Benefits: In case of Life Assured surviving to the end of the specified durations 20% of
the Basic Sum Assured at the end of each of 5th, 10th & 15th policy year.
Maturity Benefit: In case of Life Assured surviving the stipulated date of maturity, 40% of the
Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if
Final Additional Bonus may also be declared under the policy in the year when the policy results
into a claim either by death or maturity, provided the policy has run for certain minimum term.
Benefit Rider can be opted for under an inforce policy at any time within the premium paying term
by payment of additional premium and the cover will be available throughout the policy term
provided the Policy is inforce for the full Sum Assured as on date of accident. 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 permanent 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 equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum
Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident
Benefit Sum Assured under the policy, shall be waived.
However, on surrender of an inforce basic policy (which has acquired Surrender Value) to which
this rider is attached, a proportion of additional premium charged in respect of cover after
premium paying term shall be refunded.

For Basic plan
: Rs. 100,000
: No Limit
c) Minimum Age at entry for Life Assured
d) Maximum Age at entry for Life Assured
e) Maximum Maturity Age for Life Assured : 70 years (nearest birthday)
f) Term
: 20 years
g) Premium paying term (PPT)
: 15 years
b) Maximum Accident Benefit Sum Assured : An amount equal to the Sum Assured under the
Basic Plan subject to the maximum of Rs.50 lakh Accident Benefit Sum Assured taking all
existing policies of the Life Assured under individual as well as group schemes including
policies with in-built accident benefit taken with Life Insurance Corporation of India and the
Accident Benefit Sum Assured under the new proposal into consideration.
c) Minimum Age at entry for Life Assured : 18 years (completed)
d) Maximum Age at entry for Life Assured : The cover can be opted for at any policy anniversary
during the premium paying term.
However, a grace period of one month but not less than 30 days will be allowed for yearly, halfyearly, quarterly modes and 15 days for monthly mode of premium payment.
Age
(in years)
20
30
40
50
Premium
(Rs.)
78.00
79.10
82.95
92.05

ModeRebate:
Yearly mode
Half-yearly mode
Quarterly & Salary deduction
1, 00,000 to 1, 95,000
2, 00,000 to 4, 95,000
5, 00,000 and above
NIL
Rebate(Rs.)
Nil
2.00 %o B.S.A.
3.00%o B.S.A.
7. Revival:
the date of maturity by paying all the arrears of premium together with interest (compounding
half-yearly) at such rate as fixed by the Corporation from time to time subject to submission of
satisfactory evidence of continued insurability.
the same is approved by the Corporation and is specifically communicated to the Policyholder.
Revival of rider(s), if opted for, will be considered along with revival of the Basic Policy and not in
isolation.
8. Paid-up Value:
be equal to [(Number of premiums paid / Total Number of premiums payable) x Basic Sum
Assured] less Total amount of survival benefits already paid under the policy.
The policy so reduced shall thereafter be free from all liabilities for payment of the premiums, but
shall not be entitled to participate in future profits. However, the vested Simple Reversionary
Bonuses shall remain attached to the reduced paid-up policy.
Notwithstanding the benefits available under a fully inforce policy, in the case of a reduced paid
up policy, no survival benefits shall be payable and the paid-up value along with the vested
Simple Reversionary Bonuses, if any, shall be payable only in lump-sum on the expiry of policy
term or death of life assured, if earlier.
Rider(s) shall not acquire any paid-up value and the rider benefits cease to apply, if policy is in
lapsed condition.
9. Surrender Value:
The policy can surrendered for cash provided atleast three full years premiums have been paid.
The Guaranteed Surrender value shall be percentage of total premiums paid (net of service tax)
excluding extra premiums and premiums for riders, if opted for less any survival benefits already
paid. This percentage will depend on the policy year in which the policy is surrendered and
specified as below:
Policy Year
% applicable to
total premiums
paid
Policy Year
% applicable to
total premiums
paid
10
0.00
0.00
30.00
50.00
50.00
50.00
50.00
52.50
55.00
57.50
11
12
13
14
15
16
17
18
19
20
60.00
62.50
65.00
67.50
70.00
72.50
75.00
77.50
80.00
80.00
In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be
vested bonuses. These factors will depend on the policy year in which the policy is surrendered
and specified as below:
Policy Year
% applicable to
vested bonuses
1
0.00
2
0.00
3
16.22
4
16.58
5
17.03
6
17.58
7
17.58
8
17.66
9
17.85
10
18.16
Policy Year
% applicable to
vested bonuses
11
18.60
12
19.18
13
19.93
14
20.85
15
21.99
16
23.38
17
25.05
18
27.06
19
30.00
20
35.00
10. Policy Loan:
11. Taxes:
If the Policyholder is not satisfied with the Terms and Conditions, policy may be returned to us
within 15 days from the date of receipt of the policy bond stating the reasons of objections. On
receipt of the same the Corporation shall cancel the policy and return the amount of premium
deposited after deducting proportionate risk premium (for basic plan and rider(s), if any) for the
period on cover, expenses incurred on medical examination, special reports, if any and stamp
duty charges.
13. Exclusion:
Statutory warning:
Notes :
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 4%
p.a. or 8% 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.
SECTION45OFINSURANCEACT,1938:
No policy of life insurance shall after the expiry of two years from the date on which it was effected,
be called in question by an insurer on the ground that a statement made in the proposal for insurance
or in any report of a medical officer, or referee, or friend of the insured, or in any other document
leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement
was on a material matter or suppressed facts which it was material to disclose and that it was
fraudulently made by the policyholder and that the policyholder knew at the time of making it that
the statement was false or that it suppressed facts which it was material to disclose.
Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time
if he is entitled to do so, and no policy shall be deemed to be called in question merely because the
terms of the policy are adjusted on subsequent proof that the age of the life assured was incorrectly
stated in the proposal.
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 rebate as may be allowed in accordance with the published
provided that acceptance by an insurance agent of
commission in connection with a policy of life insurance taken out by himself on his own life shall
not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at
the time of such 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 fine which may extend to five hundred rupees.
Note: Conditions apply for which please refer to the Policy document or contact our nearest Branch
Office.
Registered Office:
Jeevan Bima Marg,
Mumbai 400021.

LICs NEW MONEY BACK PLAN-25 YEARS (UIN: 512N278V01)
LIC's New Money Back Plan-25 years is a participating non-linked plan which offers an attractive
combination of protection against death throughout the term of the plan along with the periodic
payment on survival at specified durations during the term. This unique combination provides
financial support for the family of the deceased policyholder any time before maturity and lump sum
amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity
needs through its loan facility.
1. Benefits:
Death benefit: On death during the policy term provided the policy is in full force, death benefit,
Additional Bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher
of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not
be less than 105% of the total premiums paid as on date of death.
The premiums mentioned above exclude tax, extra premium and rider premium, if any.
Survival Benefits: In case of Life Assured surviving to the end of the specified durations 15% of
the Basic Sum Assured at the end of each of 5th, 10th, 15th & 20th policy year.
Maturity Benefit: In case of Life assured surviving the stipulated date of maturity, 40% of the
Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional bonus, if
Final Additional Bonus may also be declared under the policy in the year when the policy results
into a claim either by death or maturity provided the policy has run for certain minimum term.
Benefit Rider can be opted for under an inforce policy at any time within the premium paying term
by payment of additional premium and the cover will be available throughout the policy term
provided the Policy is inforce for the full Sum Assured as on date of accident. 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 permanent 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 equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum
Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident
Benefit Sum Assured under the policy, shall be waived.
However, on surrender of an inforce basic policy (which has acquired Surrender Value) to which
this rider is attached, a proportion of additional premium charged in respect of cover after
premium paying term shall be refunded.

For Basic plan
: Rs. 100,000
: No Limit
c) Minimum Age at entry for Life Assured
d) Maximum Age at entry for Life Assured
e) Maximum Maturity Age for Life Assured : 70 years (nearest birthday)
f) Term
: 25 years
g) Premium paying term
: 20 years
b) Maximum Accident Benefit Sum Assured : An amount equal to the Sum Assured under the
Basic Plan subject to the maximum of Rs.50 lakh Accident Benefit Sum Assured taking all existing
policies of the Life Assured under individual as well as group schemes including policies with inbuilt accident benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum
Assured under the new proposal into consideration.
c) Minimum Age at entry for Life Assured : 18 years (completed)
d) Maximum Age at entry for Life Assured : The cover can be opted for at any policy anniversary
during the premium paying term.
However, a grace period of one month but not less than 30 days will be allowed for yearly, halfyearly, quarterly modes and 15 days for monthly mode of premium payment.
Following are some of the sample tabular annual premium rates (exclusive of service tax) per Rs.
1000/- Basic Sum Assured:
Age(in years)
Premium
(Rs.)
20
30
40
45
60.00
61.45
65.95
70.15

ModeRebate:
Yearly mode
Half-yearly mode
Quarterly & Salary deduction
1, 00,000 to 1, 95,000
2, 00,000 to 4, 95,000
5, 00,000 and above
NIL
Rebate(Rs.)
Nil
2.00 %o B.S.A.
3.00%o B.S.A.
7. Revival:
the date of maturity by paying all the arrears of premium together with interest (compounding
half-yearly) at such rate as fixed by the Corporation from time to time subject to submission of
satisfactory evidence of continued insurability.
the same is approved by the Corporation and is specifically communicated to the Policyholder
Revival of rider(s), if opted for, will be considered along with revival of the Basic Policy and not in
isolation.
8. Paid-up Value:
Assured under the policy shall be reduced to such a sum, called Paid-up Sum Assured and shall be
equal to [(Number of premiums paid / Total Number of premiums payable) x Basic Sum Assured]
less Total amount of survival benefits already paid under the policy.
The policy so reduced shall thereafter be free from all liabilities for payment of the premiums, but
shall not be entitled to participate in future profits. However, the vested Simple Reversionary
Bonuses shall remain attached to the reduced paid-up policy.
Notwithstanding the benefits available under a fully inforce policy, in the case of a reduced paid
up policy, no survival benefits shall be payable and the paid-up value along with the vested
Simple Reversionary Bonuses, if any, shall be payable only in lump-sum on the expiry of policy
term or death of life assured, if earlier.
Rider(s) shall not acquire any paid-up value and the rider benefits cease to apply, if policy is in
lapsed condition.
9. Surrender Value:
The policy can be surrendered for cash provided atleast three full years premiums have been
paid. The Guaranteed Surrender value shall be percentage of total premiums paid (net of service
tax) excluding extra premiums and premiums for riders, if opted for less any survival benefits
already paid. This percentage will depend on the policy year in which the policy is surrendered
Policy Year
% applicable to
total premiums
paid
Policy Year
% applicable to
total premiums
paid
Policy Year
% applicable to
total premiums
paid
10
0.00
0.00
30.00
50.00
50.00
50.00
50.00
51.76
53.53
55.29
11
12
13
14
15
16
17
18
19
20
57.06
58.82
60.59
62.35
64.12
65.88
67.65
69.41
71.18
72.94
21
22
23
24
25
74.71
76.47
78.24
80.00
80.00
In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be
payable, which is equal to accrued bonuses multiplied by the surrender value factor applicable to
accrued bonuses. These factors will depend on the policy year in which the policy is surrendered
Policy Year
% applicable to
vested bonuses
Policy Year
% applicable to
vested bonuses
Policy Year
% applicable to
vested bonuses
10
0.00
0.00
15.28
15.42
15.55
15.72
15.93
16.22
16.58
17.03
11
12
13
14
15
16
17
18
19
20
18.58
17.58
17.66
17.85
18.16
18.60
19.18
19.93
20.85
21.99
21
22
23
24
25
23.38
25.05
27.06
30.00
35.00
10. Policy Loan:
11. Taxes:
If the Policyholder is not satisfied with the Terms and Conditions, policy may be returned to us
within 15 days from the date of receipt of the policy bond stating the reasons of objections. On
receipt of the same the Corporation shall cancel the policy and return the amount of premium
deposited after deducting proportionate risk premium (for basic plan and rider(s) if any) for the
period on cover, expenses incurred on medical examination, special reports, if any and stamp
duty charges.
13. Exclusion:
Statutory warning:
Notes :
i) This illustration is applicable to a 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 4% p.a. (Scenario 1) and 8% 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 4% p.a. or 8% 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.
SECTION 45 OF INSURANCE
ACT,1938:
effected,
be called in question by an insurer on the ground that a statement made in the proposal for
insurance or in any report of a medical officer, or referee, or friend of the insured, or in any
shows that such statement was on a material matter or suppressed facts which it was
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
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 rebate 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 taken out by himself on his own life shall not be deemed to be acceptance
of a rebate of premium within the meaning of this sub-section if at the time of such
acceptance the insurance agent satisfies the prescribed conditions establishing that he is a
bona fide insurance agent employed by the insurer.
2)
nearest Branch Offices.
Insurance is the subject matter of
solicitation Registered Office:
Central Office,
Yogakshema,
Jeevan Bima Marg,
Mumbai 400021.
LICS LIMITED PREMUIM ENDOWMENT PLAN (Plan No.830)

Attractions of this plan
This plan is available up to 62 years (for 12 years policy term).
Choice of premium paying term between 8/9 years to allow for shorter premium
paying duration as per marketing demand.
Choice of policy term between 12/16/21 years.
Wherein the need is to have shorter premium paying duration.
Optional benefits like Term Assurance Rider and now increased Accidental Death and
Disability Benefit Rider are also available.
Eligibility Conditions and Restrictions
Minimum age at entry
Maximum age at entry
Policy Term
Premium Paying Term
Minimum Basic Sum Assured
Maximum Basic Sum Assured
18 years (Completed)
Term
12
16
21
12, 16 and 21 years
8 and 9 years
Rs. 3,00,000/No Limit
PPT = 8
57
59
54
PPT = 9
62
59
54
Optional Riders
LICs Accidental Death & Disability Benefit Rider
Maximum Accident Benefit Sum Assured has been increased to 1 crore from earlier
50 lakhs
LICs New Term Assurance Rider
Maximum Term Assurance Rider Sum Assured is 25 lakhs
Death Benefit
Sum Assured on death along with vested simple reversionary bonuses and final
dditional bonus, if any.
Where Sum Assured on Death shall be higher of 10 times of annualized premium or
absolute amount assured to be paid on death i.e. 125% of the Basic Sum Assured.
(Sum Assured on Death at all time shall be 125% of the Basic Sum Assured)
This death benefit shall not be less than 105% of all premiums paid as on date of death.
Maturity Benefits
Sum Assured on Maturity along with Vested Simple
Additional Bonus, if any.
Reversionary Bonuses and Final
Where Sum Assured on Maturity is equal to the Basic Sum Assured

Rebates and Commission
Mode Rebate:
Mode
Yearly mode
Half-yearly mode
Quarterly and monthly mode
Percentage
NIL
High Basic Sum Assured Rebate:

Basic Sum Assured (B.S.A)
3,00,000 to 4,90,000
5,00,000 to 9,90,000
10,00,000 and above
Rebate per Rs.1000 B.S.A

Nil
0.50 B.S.A
0.75 B.S.A
Commission to Agents and Development Officers Credit is consistent with our earlier
products with premium paying term up to 9 years
Policy Loan
Loan is available after payment of 2 full years premium.
The maximum loan that can be granted as a percentage of surrender value are as
under:
For in force policies - 90%
For paid-up policies - 80%
Surrender
The policy can be surrendered at any time during the policy term provided at least two full
years premiums have been paid.
Guaranteed Surrender Value:
The guaranteed surrender value shall be a percentage of total premiums paid (net of taxes)
excluding any extra premiums and premiums for riders, if opted for.
Special Surrender value:
The special surrender value will be the discounted value of the sum of maturity paid-up
sum assured and the vested simple reversionary bonuses, if any .
1
0
Miscellaneous
Revival:
A lapsed policy can be revived during the life time of the life assured, but within a
period of 2 consecutive years from the date of first unpaid premium.
Service Tax:
The service tax shall be payable by the policyholder on the premiums.
1
1

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INFORMATION TO BE PROVIDED IN SALES BROCHURE

LICs JEEVAN SHAGUN (UIN: 512N290V01)

3. SAMPLE PREMIUM RATES:

Tabular Single Premium

Reduction in Tabular premium per

End Of Policy Year

End Of Policy Year

Amount Payable on Maturity

SECTION 41 OF INSURANCE ACT 1938

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

INFORMATION TO BE PROVIDED IN SALES BROCHURE

a) Minimum Basic Sum Assured per life*

For LICs Accident Benefit Rider

(a) Minimum Accident Benefit Sum Assured

6. Mode and High Basic Sum Assured Rebates:

Suicide: - This policy shall be void

Insurance is the subject matter of solicitation Registered Office:

INFORMATION TO BE PROVIDED IN SALES BROCHURE OF

2. ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS :

Minimum entry age

3. SAMPLE PREMIUM RATES:

4. REBATE FOR HIGH SUM ASSURED :

INFORMATION TO BE PROVIDED IN SALES BROCHURE

Minimum Age at entry

For LICs Accidental Death and Disability Benefit Rider

e) Maximum cover ceasing age

6. Mode and High S.A. Rebates:

5, 00,000 and 9, 95,000

INFORMATION TO BE PROVIDED IN SALES BROCHURE OF

c) Maximum maturity age:

: 75 years (nearest birthday)

e) Minimum Sum Assured

: Rs.35,000 for term 9 years

4. REBATE FOR HIGH SUM ASSURED :

Term =12 years

Term =15 years

The Single Premium shown above is exclusive of tax.

No person shall allow or offer to allow, either directly or indirectly, as an inducement

INFORMATION TO BE PROVIDED IN SALES BROCHURE OF

: Rs.1,00,000 under Regular Premium policies

5. Sample Premium Rates:

6. Mode and High S.A. Rebates:

Sum Assured Rebate:

For Single Premium Policies:

8. Paid-up Value (applicable for regular premium policies):

SECTION 45 OF INSURANCE ACT, 1938:

INFORMATION TO BE PROVIDED IN SALES BROCHURE

For LICs Accidental Death and Disability Benefit Rider

6. Mode and High S.A. Rebates:

LICs New Endowment Plan

respectively. In other words, in preparing this benefit illustration, it is assumed that

Insurance is the subject matter of solicitation Registered Office:

INFORMATION TO BE PROVIDED IN SALES BROCHURE

VARISHTHA PENSION BIMA YOJANA

Eligibility Conditions and Other Restrictions:

4. Payment of Purchase Price:

Minimum Purchase Price

Maximum Purchase Price

10. Free Look period:

Insurance is the subject matter of solicitation

INFORMATION TO BE PROVIDED IN SALES BROCHURE

Annuity payable for life at a uniform rate.

Premium is to be paid in a lump sum.

Yearly annuity amount under option