NEW JEEVAN NIDHINEW JEEVAN NIDHITABLE NO. 818TABLE NO. 818

DEFER ANNUITY PLAN DEFER ANNUITY PLAN

BASIC CONDITIONS BASIC CONDITIONS

Minimum Age at Entry 20 Years

Minimum Age at Entry 58 Years(for Regular Premium)

Maximum Age at Entry 60 Years(for Single Premium) Minimum Age at Vesting 55 YearMaximum Age at Vesting 65 YearMin. Defer. Period 7 Year (for Regular Premium)

Min. Defer. Period 5 Year (for Single Premium)

BASIC CONDITIONS BASIC CONDITIONS Minimum S.A. 1,00,000(for Regular Premium)

Minimum S.A. 1,50,000(for Single Premium)

Maximum S.A. No Limit in multiple of 5,000

Mode Yly, Hyly, Qly, Mly, ECS, SSS & Single Premium

ACCIDENT BENEFIT Re. 1 PER 1000 ABSAMin Age at Entry 20 YearsMaximum Age of Entry Anytime during Def. Period

Subject to overall limit of Rs. 50 lac

BENEFITBENEFIT• DEATH BENEFITDEATH BENEFIT On death during first five policy years:

Basic Sum Assured + accrued guaranteed additions payable as lumpsum or in form of annuity or partly lumpsum and balance in annuity at applicable annuity rates. On death after completion of five policy years:

Basic Sum Assured + accrued guaranteed additions + vested simple reversionary bonus + FAB is payable as lumpsum or in form of annuity or partly lumpsum and balance in annuity at applicable annuity rates.

Note: In both the above cases the policy should be in full force

BENEFITBENEFIT• BENEFIT ON VESTINGBENEFIT ON VESTING Basic Sum Assured + accrued guaranteed additions + vested

simple reversionary bonus + FAB shall be made available to the life assured with below two options to choose from

OPTION 1 OPTION 2

• Invest the entire amount or commute the amount as per Income Tax Act and use the remaining amount for purchasing immediate annuity from LIC.

• If 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

To purchase a new single premium annuity plan from LIC

GUARANTEED ADDITION GUARANTEED ADDITION • Provided the policy is in full force, Guaranteed Additions @ Rs.50/- per thousand Basic Sum Assured will be added to the Basic Sum

Assured for each completed year, for first five years• In case of a death claim or surrender of fully paid up policy, the Guaranteed Additions for the policy year of death or surrender will be

added fully• In case of surrenders and paid-up policies, the Guaranteed Additions for the policy year in which the last premium is received will be

added on proportionate basis

PARTICIPATION IN PROFITPARTICIPATION IN PROFIT• The policy shall participate in profits from the 6th policy year onwards till the end of the deferment period and at

such rates as may be declared by the Corporation provided the policy is kept inforce for full Sum Assured

• Final Additional Bonus, if any, may also be declared under the policy depending upon the experience of the Corporation and shall be payable either on vesting or on earlier death

OPTIONAL BENEFIT OPTIONAL BENEFIT • ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDERACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER

In case of accidental death: Accident Benefit Sum Assured + Death benefit under the basic plan

In case of accidental permanent disability arising due to accident

within 180 days from the date of accident: Amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years

Future premiums shall be waived

REBATEREBATE

MODE REBATEYearly 2%Half Yearly 1%

SUM ASSURED REBATERegular Premium 3Lac and Above 2‰Single Premium 3 Lac and Above 5‰

LOAN OPTIONLOAN OPTION

•No Loan Shall be available under New Jeevan nidhi plan

SURRENDER OPTIONSURRENDER OPTION• Available after payment of 3 full years premiums• Single Premium: Equal to 90% of the Premium Paid excluding Extra premium Paid • Regular Premium: GSV will be available at least after 3 years premium paid and is equal to 30% of the total amount of

premium paid excluding Extra premium and Service Tax• The surrender value shall be the value along with the cash value of accrued Guaranteed Additions and vested Simple

Reversionary Bonuses, if any

SPECIAL SURRENDER VALUESPECIAL SURRENDER VALUE• Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses• The discount factors shall be surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and

will depend upon the policy term and duration elapsed since the commencement of the policy• the deferment period under the policy should be taken as the endowment term• The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable

OTHER OTHER • REVIVAL OF POLICYREVIVAL OF POLICY

A Policy may be revived within a period of 5 years from the date of first unpaid premium and before the date of vesting

• SERVICE TAXSERVICE TAX Taxes, if any, shall be applicable at the prevailing rates and borne by the POLICYHOLDER as per rules

THANK YOUTHANK YOU