A novel plan for both the Rural Folk as well as the Urban Middle Class

Unique feature of extended risk cover. Risk cover up to 3 years,

after the Premiums are paid for 2 years.

Accident Benefit

available without

payment of any

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Suitable for Farmers , Small Business Owners,

Milk and Vegetable vendors,Self Employed, etc.

Ideal for those persons who cannot produce age proof,

(Provided age is less than of equal to40 years and sum proposed is Rs 50,000/-

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Who can avail of this plan?

Those aged between 18 and 50 years. Maximum Maturity Age is 75 years.

For how many years is premium payable ?

Any policy term from 12 to 30 years can be chosen.

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For what sums is insurance available under this plan ?

Minimum Rs. 30,000/-. Maximum : Rs. 10,00,000/-

At what frequency can premium be paid?

Premiums can be paid by yearly, half-yearly, Quarterly, Monthly or

through Salary Saving Scheme.

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Age Term Sum Assured Rs.

1 lakh 2 lakhs

20 12 8611 17021

25 12 8620 17041

30 20 5080 9960

35 20 5230 10260

40 30 4013 7826

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Sample Premium Chart Sample Premium Chart

Annual Premium Rs. Annual Premium Rs.

Unexpected expenses can upset your budget suddenly.

What do you do when you receive your premium notice in such circumstances?

In most circumstances when you do not pay your premium, your policy lapses and along with it all benefits as well.

Now, available is a plan which allows continuation of benefits under the policy over an extended period of three years, if two full years’ premiums are paid and next three years’ premiums not paid.

Policy can be revived during or the end of such extended cover period.

Extended Life CoverExtended Life Cover

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Extended Life CoverExtended Life Cover

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A policy holder can pay 3/2/1 years’ unpaid premiums, without any health requirement, provided, such remittances are made within 36 months from the date of first unpaid premium (FUP).

If all the unpaid premiums are paid within 36 months from FUP ,then this benefit can be availed again during the term of the policy.

Incase, if only 1 year’s or 2 year’s unpaid premiums are paid within 36 months from FUP , then this benefit is extended by the same no. of years.

Survival Benefit :

When the policyholder survives till date of maturity and policy is in force, Full sum assured + Accrued bonuses is payable.

Risk Cover : On death during premium payment period, Natural death: Full sum assured + Accrued bonusesAccidental :Two times sum assured + Accrued Bonus

Risk is covered even during the lapsed period of the policy upto 3 years, after the premiums are paid for 2 years.

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When are benefits payable?When are benefits payable?

Age at entry: 35 years Premium paying term: 25 yearsMode of premium payment: Yearly Sum Assured: Rs.1,00,000/-Annual Premium: Rs.4,535 /-

Scenario 1 Scenario 2 Scenario 1 Scenario 21 4,246 1,00,000 2,100 5,500 102,100 105,5002 8,492 1,00,000 4,200 11,000 104,200 111,0003 12,738 1,00,000 6,300 16,500 106,300 116,5004 16,984 1,00,000 8,400 22,000 108,400 122,0005 21,230 1,00,000 10,500 27,500 110,500 127,5006 25,476 1,00,000 12,600 33,000 112,600 133,0007 29,722 1,00,000 14,700 38,500 114,700 138,5008 33,968 1,00,000 16,800 44,000 116,800 144,0009 38,214 1,00,000 18,900 49,500 118,900 149,50010 42,460 1,00,000 21,000 55,000 121,000 155,00015 63,690 1,00,000 31,500 82,500 131,500 182,50020 84,920 1,00,000 56,000 146,000 156,000 246,00025 106,150 1,00,000 69,500 182,500 169,500 282,500

End of Year

Total premium paid till end of year

Benefit payable on death/maturity at end of yearGuaranteed* Variable Total

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1)  This illustration is applicable to a non-smoker male/female standard (from medical, life style and occupation point of view) life.ii)   The non-guaranteed benefits (1) and (2) in above illustration are calculated so that they are consistent with the Projected Investment Rate of Return assumption of 6% p.a.(Scenario 1) and 10% p.a. (Scenario 2) respectively. In other words, in preparing this benefit illustration, it is assumed that the Projected Investment Rate of Return that LICI will be able to earn throughout the term of the policy will be 6% p.a. or 10% p.a., as the case may be. The Projected Investment Rate of Return is not guaranteed.iii)   The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.iv)  Future bonus will depend on future profits and as such is not guaranteed. However, once bonus is declared in any year and added to the policy, the bonus so added is guaranteed.v)   The maturity benefit is the amount shown at the end of the policy term.

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Illustrations-Illustrations-Disclaimer and Disclaimer and AssumptionsAssumptions

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