Portfolio Net

CHAPTER-I
INTRODUCTION
CHAPTER-II
PROFILE OF ORGANISATION
CHAPTER-III
REVIEW OF LITERATURE
CHAPTER-IV
DATA ANALYSIS
&
INTERPRETATION
CHAPTER-V
OBSERVATIONS
LIMITATION
SUGGESTIONS
BIBILIOGRAPHY
APROJECT REPORT ON
PORTFOLIO MANAGEMENT OF
LIFE INSURANCE CORPORATION OF
INDIA LTD
A Project report Submitted to Osmania University,

Hyderabad in
Partial fulfillment of the for the Award of the Degree of
MASTER OF BUSINESS
ADMINISTRATION
By
MOHD SOHEL JINDANI

(05907145)
DEPARTMENT OF MANAGEMENT STUDIES
MRM INSTITUTE OF MANAGEMENT

(Affiliated to Osmania University)
CHINTAPALLY GUDA, IBRAHIMPATNAM, 501501,
R.R.DIST
(2007-2009)
DECLARATION
I hereby declare that this Project Report titled “ PORTFOLIO
MANAGEMENT OF LIFE INSURANCE CORPORATION OF

INDIA LTD ” submitted by me to the Department of Business
Management, O.U., Hyderabad, is a bonafide work undertaken by
me and it is not submitted to any other University or Institution for
the award of any degree diploma / certificate or published any time
before.
MOHD SOHEL JINDANI SIGNATURE OF THE STUDENT

H NO: 18-1-350/22/15,
OPP. MASJID-E-ZUL JALAL,
GULSHAN-E-IQBAL COLONY,
KANCHANBAGH, HYDERABAD-58
ANNEXURE – II
CERTIFICATION
This is to certify that the Project Report title

PORTFOLIOMANAGEMNET OF LIFE
INSURANCE CORPORATION OF
INDIAsubmitted in partial fulfilment for the award of
MBA Programme of Department of Business
Management, O.U. Hyderabad, was carried out by MR
K.RAMAKRISHNA SIR under my guidance. This
has not been submitted to any other University or
Institution for the award of any
degree/diploma/certificate.
Name and address of the Guide Signature of the Guide
MR K.RAMAKRISHNA
ACKNOWLEDGEMENT
I take the opportunity of thanking Shri MIR MUSTAFA ALI
KHAN (Chief Life Insurance Advisor) of LIC & Shri MIR
DASTAGIR ALI KHAN (Process Trainer) for taking me through
the training procedure & valuable suggestions.
I am thankful to my parents for their love, affection,

blessing and constant encouragement and stood as pillars
behind my project work.I would like to thank V.K.MOULI
( Principal) end all the faculty members of MRM
INSTITUTE OF MANAGEMENTfor their kind support end
inspiration to complete the project successfully.
It is with great pleasure I expres my gratitude to Mr

RAMAKRISHNASIR Under whose inspiring guidance and
advice this study has been carried out.
MD SOHEL
JINDANI
CONTENTS
PAGE NO
List of Tables
List of Figures
.
CHAPTER 1: INTRODUCTION 1-2
MEANING OF TITLE
METHODOLOGY
CHAPTER 2: PROFILE OF ORGANISATION

3-7
CHAPTER 3: REVIEW OF LITERATURE

8-81
CHAPTER 4 DATA ANALYSIS & INTERPRETATION 82-84
CHAPTER 5: OBSERVATIONS, & SUGSSIONS

85-87
BIBLIOGRAPHY
88
LIST OF TABLES
TABLE NO TITLE
PAGE NO
1. WHOLE LIFE PLAN

12-14
2. WHOLE LIFE PLAN-LIMITED PAYMENTS
19-21
3. WHOLE LIFE PLAN-SINGLEPAYMENTS
25-26
4. MONEY BACK POLICY-20 YEARS
28-35
5. MONEY BACK POLICY-25 YEARS
37-43
6. FORTUNE PLUS
49-56
7. CDA ENDOWEMENT VESTING AT 18
61-62
8. GROUP GRATUITY SCHEME

65
9. EDUCATION INSURANCE PLAN
68
10. WEALTH CREATION PLUS
70-72
11. PREMIUM GUARANTEE PLUS
73
12. PROTECTION PLAN
75
13. LIFE STAGE PENSION PLAN
76
14. PREMIER LIFE PENSION
77
15. LIFE TIME SUPER PENSION
79
16. LIFE LINK SUPER PENSION
80
LIST OF FIGURES
FIGURE NO TITLE
PAGE NO
1. GRAPH ANALYSIS
82-84
2. Product profile
24-35
RESEARCH METHODOLOGY
The plan of the study of portfolio management of life insurance
corporation. is described as follows. The information has gathered from
the two main sources of data collection. They are-
1. Primary Data
2. Secondary Data
Primary Data: it has been collected through the guidance of our

trainer with through knowledge of life insurance and their terminology
of product in detail with each and every insurance products terms and
tenure.
Secondary Data: it has been collected through the websites,
books, magazines, newspaper, journals for collecting

information regarding project under study.
MEANING OF PORTFOLIO MANAGEMENT
Portfolio management is the selection and management of all
of an organization’s projects, programmes and related
business-as-usual activities taking into account resource
constraints. A portfolio is a group of projects and programmes
carried out under the sponsorship of an organization.
Portfolios can be managed at an organizational, programme
or functional level.
The process of managing the assets of a insurance policy or
policy holder, including choosing and monitoring appropriate
investments and allocating funds accordingly.It has often been
said that portfolio management is not a science, but an art.
Certainly, the human factor manifesting in a portfolio
manager’s ability to create outperformance bears out this
truism. Computer system can pick and run to some extent,
portfolio which will provide a return equal to an index, but the
possibilities of higher fund outperformance (and under
performance) are presented by actively managed funds. With
the more actively managed funds, portfolio managers can
demonstrate their experience and expertise in picking assets,
countries, sectors’, and companies that will generate positive
returns.
If you own more than one security, you have an investment
portfolio. You build the portfolio by buying additional stocks,
bonds, mutual funds, or other investments. Your goal is to
increase the portfolio's value by selecting investments that
you believe will go up in price.
According to modern portfolio theory, you can reduce your
investment risk by creating a diversified portfolio that includes
enough different types, or classes, of securities so that at
least some of them may produce strong returns in any
economic climate.
Note that this explanation contains a number of important
ideas:
Over time, other industry sectors have adapted and applied

these ideas to other types of "investments," including the
following:
COMPANY PROFILE’S
LIFE INSURANCE COMPANY OF INDIA LTD

It was established in the year 1956 on September 1.
The Life Insurance Corporation of India(LIC) is the
largest life insurance company in India and also the
country's largest investor. It is fully owned by the
Government of India. It also funds close to 24.6% of
the Indian Government's expenses. it is 53 years old
organization. Its Headquartered is in Mumbai, which is
considered the financial capital of India, the Life
Insurance Corporation of India currently has 8 zonal
Offices and 101 divisional offices located in different
parts of India, at least 2048 branches located in
different cities and towns of India along with 500
satellite Offices attached to about some 50 Branches,
and has a network of around one million and 200
thousand agents for soliciting life insurance business
from the public. Indian Insurance Industry has
conceived Life Insurance Industry.
CORPORATE OFFICE:-
LIC’s corporate office is in Mumbai and it is headed by

chairman along with 3 Executives directors who are incharge
of their portfolios. Executive Director – Marketing and Sales.
Executive Director – Finance and Accounts. Etc – Etc.
ZONA LOFFICE:-
LIC’S Zonal Office is located at various zones in India. One of
the most important South Central Zone of LIC is located at
Hyderabad (Opposite Secretariat). Zonal Office is headed by
Zonal Manager and his/her team.
LIC’S DIVISIONAL OFFICE:-

LIC’S Divisional Office is the 3rdin the administrative system
and it is headed by person called as “Senior Divisional
Manager”. The Senior Divisional Manager head’s his team
which is consisting of Divisional Manager and Marketing
Managers.
LIC’S BRANCH OFFICE:-
LIC in its administrative setup has got maximum to maximum

its branch offices all over India encounting 2048. The Branch
Office is headed by a Branch Manger and in some of the
branches LIC has also the concept of “Chief Manager”. Chief
Manager has his team of Development Officers and Agents to
do the business
LIC’S WORK FORCE:-
At the Administrative Level LIC has a employee force of

2,00,000 at various- various designations. At the Marketing
Force LIC works with 12,00, 000. Agents and more than
2,00,000 Development Officers for achieving the LIC’S life
insuring target. Appraisals and Promotions are from time to
time in this organization.
LIC’S PORTFOLIO:- LIC’S main initiative was mainly to

provide Life Insurance to each and every person of an Indian
Origin. LIC when it comes to Life Insurance has plans on Need
level basis.LIC has conventional plans and non conventional
plans.
LIC MF started in the year 1989 on 19th June with a corpus of
2,00,00,000. LIC in the mutual fund industry has got 20 open
ended funds and 25 closed ended funds. LIC on Mutual Funds
set up has got 4 Independent Directors for running the admin.
Started in the year 1989 on 19th June.LIC HFL has also started
Public Deposit Schemes. LIC HFL promotes Housing Finance
for purchase of apartments or independent flats. LIC also has
share pattern as it invests in housing finance. In the year
2009 LIC will enter into Venture capital industry. LIC
introduced health insurance in the year 2008 with Health Plus
as its product. Health Plus is a product of health + stock
market. Health Insurance has got health benefits such as MSB
and HCB and also stock market.
ICICI PRUDENTIAL LIFE INSURANCE COMPANY
ROFILE
ICICI Prudential Life Insurance is a joint venture between the

ICICI Group and Prudential plc, of the UK. ICICI started off its
operations in 1955 with providing finance for industrial
development, and since then it has diversified into housing
finance, consumer finance, mutual funds to being a Virtual
Universal Bank and its latest venture Life Insurance.
ICICI Prudential Life Insurance Company is a joint venture between ICICI

Bank - one of India's foremost financial services companies-and Prudential
plc - a leading international financial services group headquartered in the
United Kingdom. Total capital infusion stands at Rs. 47.80 billion, with ICICI
Bank holding a stake of 74% and Prudential plc holding 26%.We began our
operations in December 2000 after receiving approval from Insurance
Regulatory Development Authority (IRDA). Today, our nation-wide team
comprises of over 2000 branches (inclusive of 1,100 micro-offices), over
258,000 advisors; and 24 banc assurance partners.
ICICI Prudential is the first life insurer in India to receive a National Insurer
Financial Strength rating of AAA (Ind) from Fitch ratings. For three years in a
row, ICICI Prudential has been voted as India's Most Trusted Private Life
Insurer, by The Economic Times - AC Nielsen ORG Marg survey of 'Most
Trusted Brands'. As we grow our distribution, product range and customer
base, we continue to tirelessly uphold our commitment to deliver world-class
financial solutions to customers all over India.
Established in 1848, Prudential plc. of U.K. has grown to be

the largest life insurance and mutual fund company in U.K.
Prudential plc. has had its presence in Asia for the past 75
years catering to over 1 million customers across 11 Asian
countries. Prudential is the largest life insurance company in
the United Kingdom (Source : S&P's UK Life Financial Digest,
1998).ICICI and Prudential came together in 1993 to provide
mutual fund products in India and today are the largest
private sector mutual fund company in India. Their latest
venture ICICI Prudential Life plans to take care of the
insurance needs at various stages of life.
ICICI is the no.1 private player in Insurance market in term of

the premium share, 7913 crores (approx) was the total
[premium by ICICI Prudential in the year 2006, which is 28%
of the total premium contribution by all private players in the
market.
2,34,460 is the number of the Life Advisors that ICICI

PRUDENTIAL was having till 2006-2007, and the number of
branches that they are having is 583 which ahs drastically
changed from year 2005- 2006 to 2006-2007. This magic
number 583 has turned from the number 175.
So, here we have the marketing strategy for the ICICI
Prudential that it is playing on the numbers of Life Advisors
and widening its network to increase its market share.
Contact Information
ICICI Prudential Life Insurance Company Limited
Registered Office
ICICI Towers
9th floor, Bandra-Kurla Complex
Mumbai - 400 051.
Tel: 494 3232
Delhi office:
3rd floor
Videocon Towers
FINANCIAL PRODUCT OF LIFE INSURANCE COMPANY OF

INDIA
1) WHOLE LIFE PLAN:-

This plan is mainly devised to create an estate for the heirs of the policy
holder as the plan basically provides for payment of sum assured plus bonuses
on the death of the policyholder. However, considering the increased
longevity of the Indian population, the Corporation has amended the above
provision, thereby providing for payment of sum assured plus bonuses in the
form of maturity claim on completion of age 80 years or on expiry of term of
40 years from date of commencement of the policy whichever is later.The
premiums under the policy are payable up to age 80 years of the policyholder
or for a term of 35 years whichever is later.
If the payment of premium ceases after 3 years, a paid-up policy for such
reduced sum assured will be automatically secured provided the reduced sum
assured exclusive of any attached bonus is not less than Rs.250
Suitable For:-
This policy is suitable for people of all ages who wish to protect their families
from financial crises that may occur owing to the policyholder’s premature
death.
BENEFITS:-
Insurance Regulatory & Development Authority (IRDA) requires all life insurance
companies operating in India to provide official illustrations to their customers. The
illustrations are based on the investment rates of return set by the Life Insurance Council
(constituted under Section 64C(a) of the Insurance Act 1938) and is not intended to reflect
the actual investment returns achieved or may be achieved in future by Life Insurance
Corporation of India (LICI).For the year 2004-05 the two rates of investment return
declared by the Life Insurance Council are 6% and 10% per annum.
PRODUCT SUMMARY :-
This is a whole of life assurance plan that provides financial protection against
death through out the lifetime of the Life Assured.
Premiums:
Under Table Nos 2 & 5 the premiums are payable yearly, half-yearly,
quarterly, monthly or through Salary deductions, as opted by you. Under Table
No 8 the premium is payable in one lump sum (Single Premium).
Under Table No 2 the premiums are payable for a period of 35 years or up to
age 80 years, whichever is later. Under Table No 5 the premiums are payable
up to the selected premium paying period. Under Table No 2 the premiums are
payable for a period of 35 years or up to age 80 years, whichever is later.
Under Table No 5 the premiums are payable up to the selected premium
paying period.
The premiums are payable for the periods as specified above or up to earlier
death
Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s

life insurance business. It gets a share of the profits in the form of bonuses.
Simple Reversionary Bonuses are declared per thousand Sum Assured
annually at the end of each financial year. Once declared, they form
part of the guaranteed benefits of the plan. A Final (Additional) Bonus
may also be payable provided a policy has run for certain minimum period.
Death Benefit :
The Sum Assured plus all bonuses to date is payable in a lump sum upon the
death of the life assured.
Maturity Benefit :
This is a whole of life assurance plan and hence does not have a maturity
date. You, however, have the option to take the Sum Assured plus all bonuses declared
under the policy anytime after 40 years from the date of commencement of the policy
provided you have attained, at least, 80 years of age.
Supplementary/Extra Benefits :
These are the optional benefits that can be added to your basic plan for extra
protection/option. An additional premium is required to be paid for these
benefits.
Surrender Value :
Buying a life insurance contract is a long-term commitment. However,
surrender value is available under the plan on earlier termination of the plan.
Guaranteed Surrender Value :
The policy may be surrendered after it has been in force for 3 years or more.
The guaranteed surrender value is 30% of the basic premiums paid excluding
the first year’s premium. In case of a single premium policy the guaranteed
surrender value is 90% of the single premium paid excluding any
extra/additional premium.
CORPORATION’S POLICY ON SURRENDERS :
In practice, the Corporation will pay a Special Surrender Value – which is
either equal to or more than the Guaranteed Surrender Value. The benefit
payable on surrender reflects the discounted value of the reduced claim
amount that would be payable on death. This value will depend on the
duration for which premiums have been paid and the policy duration at the
date of surrender. In some circumstances, in case of early termination of the
policy, the surrender value payable may be less than the total premiums
paid.The Corporation reviews the surrender value payable under its plans
from time to time depending on the economic environment, experience and
other factors.
SURVIVAL BENEFIT:-
Sum assured plus accrued bonuses and the terminal bonuses, if any, on the
policyholder attaining age 80 years or on expiry of term of 40 years from the
date of commencement of the policy whichever is later.
DEATH BENEFIT
Sum assured plus accrued bonuses and the terminal bonuses, if any,
on the death of the policyholder are paid to his/her nominees/heirs.
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 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.”
Table No 2
Age at entry: 35 years
Sum Assured: Rs.1,00,000/-
Premium Paying term: 45 years
Mode of premium payment: Yearly
Annual Premium: Rs.2917/-
En Total Benefit payable on death / maturity at

d premiu the end of year
of ms paid
Variable Total
yea till end
Guarante
r of year Scena Scena Scena Scenar
ed
rio 1 rio 2 rio 1 io 2
10390 11080
100000 3900 10800
1 2917 0 0
10780 12160
100000 7800 21600
2 5834 0 0
11170 13240
100000 11700 32400
3 8751 0 0
11560 14320
100000 15600 43200
4 11668 0 0
11950 15400
100000 19500 54000
5 14585 0 0
12340 16480
100000 23400 64800
6 17502 0 0
12730 17560
100000 27300 75600
7 20419 0 0
13120 18640
100000 31200 86400
8 23336 0 0
13510 19720
100000 35100 97200
9 26253 0 0
10800 13900 20800
100000 39000
10 29170 0 0 0
16200 15850 26200
100000 58500
15 43755 0 0 0
10400 28800 20400 38800
100000
20 58340 0 0 0 0
13000 36000 23000 46000
100000
25 72925 0 0 0 0
15600 43200 25600 53200
100000
30 87510 0 0 0 0
18200 50400 28200 60400
100000
35 102095 0 0 0 0
20800 57600 30800 67600
100000
40 116680 0 0 0 0
23400 64800 33400 74800
100000
45 131265 0 0 0 0
Table No 5
Annual Premium: Rs.4,444/-
End Total Benefit payable on death / maturity at the end
of premium of year
yea s paid till
r end of Variable Total
year Guarantee
Scenari Scenari Scenari Scenari
d
o1 o2 o1 o2
1 4444 100000 3900 10800 103900 110800

2 8888 100000 7800 21600 107800 121600
3 13332 100000 11700 32400 111700 132400
4 17776 100000 15600 43200 115600 143200
5 22220 100000 19500 54000 119500 154000
6 26664 100000 23400 64800 123400 164800
7 31108 100000 27300 75600 127300 175600
8 35552 100000 31200 86400 131200 186400
9 39996 100000 35100 97200 135100 197200
10 44440 100000 39000 108000 139000 208000
15 66660 100000 58500 162000 158500 262000
20 66660 100000 104000 288000 204000 388000
25 66660 100000 130000 360000 230000 460000
30 66660 100000 156000 432000 256000 532000
35 66660 100000 182000 504000 282000 604000
40 66660 100000 208000 576000 308000 676000
45 66660 100000 234000 648000 334000 748000
Note
This illustration is applicable to a non-smoker male/female
standard (from medical, life style and occupation point of
view) life.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. 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. Future bonus
will depend on future profits and as such is no guaranteed.
However, once bonus is declared in any year and added to the
policy, the bonus so added is guaranteed.
The Maturity Benefit is the amount shown at the end of 45
years.
Minimum - 15 years last birthday Maximum
Age at entry: - 60 years
Sum Assured: Minimum - Rs.50,000/- Maximum - No limit
Mode of Yearly, half-yearly, quarterly, monthly and

payment: SSS
Policy Loan: Yes
1.)WHOLE LIFE POLICY-LIMITED PAYMENT:-

This is the best form of life assurance for family provision
since it enables the Life
Assured to pay all the premiums during the ordinarily

vigorous and most productive
years of life. He need not pay any premium in the later
stages of life if and when his
conditions might become adverse.
With Profits Limited Payments Policies do not cease to

participate in profits after
completion of the premium paying period but continue to

share in the periodical Bonus
Distribution until the death of the Life Assured.The Without-

Profit option is available
under Table no. 3.
If the policyholder pays at least 3 years' premiums and then

discontinues paying any
more premium, a reduced paid-up assurance policy comes

into force.
Such a reduced paid-up Policy will not be entitled to
participate in the profits declared thereafter, but such Bonus
as has already been declared on the Policy will remain
attached thereto. The premium paying term under this plan
is five years minimum and 55 years maximum.
BENEFITS:-
Insurance Regulatory & Development Authority (IRDA) requires all life

insurance companies operating in India to provide official illustrations to their
customers. The illustrations are based on the investment rates of return set by
the Life Insurance Council (constituted under Section 64C(a) of the Insurance
Act 1938) and is not intended to reflect the actual investment returns achieved
or may be achieved in future by Life Insurance Corporation of India (LICI).For
the year 2004-05 the two rates of investment return declared by the Life
Insurance Council are 6% and 10% per annum.
Product-summary:- This is a whole of life assurance plan

that provides financial protection against death through out
the lifetime of the Life Assured.
Premiums:
Under Table Nos 2 & 5 the premiums are payable yearly, half-
yearly, quarterly, monthly or through Salary
deductions, as opted by you. Under Table
No 8 the premium is payable in one lump sum
(Single Premium). Under Table No 2 the premiums are payable
for a period of 35 years or up to age 80 years, whichever is
later. Under Table No 5 the premiums are payable up to the
selected premium paying period.
The premiums are payable for the periods as specified above
or up to earlier death
Bonuses:
This is a with-profit plan and participates in the profits of the
Corporation’s life insurance business. It gets a share of the
profits in the form of bonuses. Simple Reversionary
Bonuses are declared per thousand Sum Assured annually
at the end of each financial year. Once declared, they form
part of the guaranteed benefits of the plan. A
Final (Additional) Bonus may also be payable provided a policy
has run for certain minimum period.
Death Benefit :
The Sum Assured plus all bonuses to date is payable in a lump
sum upon the death of the life assured.
Maturity Benefit :
This is a whole of life assurance plan and hence does not have a maturity date.
You, however, have the option to take the Sum Assured plus all bonuses
declared under the policy anytime after 40 years from the date of
commencement of the policy provided you have attained, at least, 80 years of
age.
These are the optional benefits that can be added to your
basic plan for extra protection/option. An additional premium
is required to be paid for these benefits.
Surrender Value :
Buying a life insurance contract is a long-term commitment.
However, surrender value is available under the plan on
earlier termination of the plan.
Guaranteed Surrender Value :
The policy may be surrendered after it has been in force for 3
years or more. The guaranteed surrender value is 30% of the
basic premiums paid excluding the first year’s premium. In
case of a single premium policy the guaranteed surrender
value is 90% of the single premium paid excluding any
extra/additional-premium.
Corporation’s policy on surrenders :
In practice, the Corporation will pay a Special Surrender Value
– which is either equal to or more than the Guaranteed
Surrender Value. The benefit payable on surrender reflects the
discounted value of the reduced claim amount that would be
payable on death. This value will depend on the duration for
which premiums have been paid and the policy duration at
the date of surrender. In some circumstances, in case of early
termination of the policy, the surrender value payable may be
less than the total premiums paid.
The Corporation reviews the surrender value payable under its

plans from time to time depending on the economic
environment, experience and other factors.
SURVIVAL BENEFIT
Sum assured plus accrued bonuses and the terminal bonuses,
if any, on the policyholder attaining age 80 years or on expiry
of term of 40 years from the date of commencement of the
policy whichever is later.
DEATH BENEFIT
Sum assured plus accrued bonuses and the terminal bonuses,
if any, on the death of the policyholder are paid to his/her
nominees/heirs.
Benefit Illustration
Statutory warning
based on the future performance of your insurer carrying on life insurance
guaranteed and they are not upper or lower limits of what you might get back
as the value of your policy is dependent on a number of factors including
future investment performance.”
Table No 2
End Total Benefit payable on death / maturity at the end of year
of premiums
year paid till end
of year
Variable Total
Guaranteed
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 2917 100000 3900 10800 103900 110800
2 5834 100000 7800 21600 107800 121600
3 8751 100000 11700 32400 111700 132400
4 11668 100000 15600 43200 115600 143200
5 14585 100000 19500 54000 119500 154000
6 17502 100000 23400 64800 123400 164800
7 20419 100000 27300 75600 127300 175600
8 23336 100000 31200 86400 131200 186400
9 26253 100000 35100 97200 135100 197200
10 29170 100000 39000 108000 139000 208000
15 43755 100000 58500 162000 158500 262000
20 58340 100000 104000 288000 204000 388000
25 72925 100000 130000 360000 230000 460000
30 87510 100000 156000 432000 256000 532000
35 102095 100000 182000 504000 282000 604000
40 116680 100000 208000 576000 308000 676000
45 131265 100000 234000 648000 334000 748000
Table No 5
of premiums
year paid till end
of year Variable Total
Guaranteed
1 4444 100000 3900 10800 103900 110800
2 8888 100000 7800 21600 107800 121600
3 13332 100000 11700 32400 111700 132400
4 17776 100000 15600 43200 115600 143200
5 22220 100000 19500 54000 119500 154000
6 26664 100000 23400 64800 123400 164800
7 31108 100000 27300 75600 127300 175600
8 35552 100000 31200 86400 131200 186400
9 39996 100000 35100 97200 135100 197200
10 44440 100000 39000 108000 139000 208000
15 66660 100000 58500 162000 158500 262000
20 66660 100000 104000 288000 204000 388000
25 66660 100000 130000 360000 230000 460000
30 66660 100000 156000 432000 256000 532000
35 66660 100000 182000 504000 282000 604000
40 66660 100000 208000 576000 308000 676000
45 66660 100000 234000 648000 334000 748000
Note:
i) This illustration is applicable to a non-smoker male/female

view) life.
ii) The non-guaranteed benefits (1) and (2) in above
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 45

years.
PLAN PARAMETERS:-
Minimum Maximum
Entry age 12 (nearer birthday) 60
Sum assured (Rs.) 50000 NO LIMIT
55(Max. Prem.
Term (years) 5
ceasing age is 70)
Maximum premium paying

Mode of Payment Policy loan available
period
80 yrs. of age or 40 yrs. of
Yearly, half yearly,
premium paying term
quarterly, monthly,
from the date of Yes
salary saving
commencement
scheme
whichever is later.
2.) WHOLE LIFE POLICY-SINGLE PREMIUM:-
This is the best form of life assurance for family provision since it enables the
Life Assured to pay the premium during the ordinarily vigorous and most
productive years of life, relieving him from the necessity of making payments
later in life when they might become a burden.
With Profits Single Premium policies do not cease to participate in profits

after completion of the period for which premium has been paid ,but continue
to share in the periodical Bonus Distribution until the death of the Life
Assured.
SUITABLE FOR:Being a limited-payment life assurance policy, this plan is

suitable for people of all ages and social groups who wish to protect their
families from a financial setback that may occur owing to their demise.
BENEFITS:-
Insurance Regulatory & Development Authority (IRDA) requires all life insurance
companies operating in India to provide official illustrations to their customers. The
illustrations are based on the investment rates of return set by the Life Insurance Council
(constituted under Section 64C(a) of the Insurance Act 1938) and is not intended
to reflect the actual investment returns achieved or may be achieved in future by
Life Insurance Corporation of India (LICI).For the year 2004-05 the two rates of
investment return declared by the Life Insurance Council are 6% and 10% per annum.
Product summary
This is a whole of life assurance plan that provides financial
protection against death through out the lifetime of the Life Assured.
Premiums:
Under Table Nos 2 & 5 the premiums are payable yearly, half-yearly,
quarterly, monthly or through Salary deductions, as opted by you. Under Table
No 8 the premium is payable in one lump sum (Single Premium).
Under Table No 2 the premiums are payable for a period of 35 years or up to

age 80 years, whichever is later. Under Table No 5 the premiums are payable
up to the selected premium paying period.
The premiums are payable for the periods as specified above or up to earlier
death
Bonuses:
This is a with-profit plan and participates in the profits of the Corporation’s
life insurance business. It gets a share of the profits in the form of bonuses.
Simple Reversionary Bonuses are declared per thousand Sum Assured
annually at the end of each financial year. Once declared, they form part of the
guaranteed benefits of the plan. A Final (Additional) Bonus may also be
payable provided a policy has run for certain minimum period.
Death Benefit :
The Sum Assured plus all bonuses to date is payable in a lump sum upon the
death of the life assured.
Maturity Benefit :
This is a whole of life assurance plan and hence does not have a maturity date. You,
however, have the option to take the Sum Assured plus all bonuses declared under the
policy anytime after 40 years from the date of commencement of the policy provided you
have attained, at least, 80 years of age.
Supplementary/Extra Benefits:-
benefits.
Surrender-Value:-
surrender value is available under the plan on earlier termination of the plan.
Guaranteed-Surrender-Value:-
The guaranteed surrender value is 30% of the basic premiums paid excluding
the first year’s premium. In case of a single premium policy the guaranteed
surrender value is 90% of the single premium paid excluding any
extra/additional-premium.
Corporation’s policy on surrenders:- :
payable on surrender reflects the discounted value of the reduced claim
amount that would be payable on death. This value will depend on the
duration for which premiums have been paid and the policy duration at the
date of surrender. In some circumstances, in case of early termination of the
policy, the surrender value payable may be less than the total premiums paid.
The Corporation reviews the surrender value payable under its plans from
time to time depending on the economic environment, experience and other
factors.
SURVIVAL BENEFIT:-
Sum assured plus accrued bonuses and the terminal bonuses, if any, on the
policyholder attaining age 80 years or on expiry of term of 40 years
from the date of commencement of the policy whichever is later.
DEATH BENEFIT:-Sum assured plus accrued bonuses and the terminal

bonuses, if any, on the death of the policyholder are paid to his/her
nominees/heirs.
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
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.
Table No 2
of premiums
year paid till end
Guaranteed Scenario Scenario Scenario Scenario

1 2 1 2
1 2917 100000 3900 10800 103900 110800
2 5834 100000 7800 21600 107800 121600
3 8751 100000 11700 32400 111700 132400
4 11668 100000 15600 43200 115600 143200
5 14585 100000 19500 54000 119500 154000
6 17502 100000 23400 64800 123400 164800
7 20419 100000 27300 75600 127300 175600
8 23336 100000 31200 86400 131200 186400
9 26253 100000 35100 97200 135100 197200
10 29170 100000 39000 108000 139000 208000
15 43755 100000 58500 162000 158500 262000
20 58340 100000 104000 288000 204000 388000
25 72925 100000 130000 360000 230000 460000
30 87510 100000 156000 432000 256000 532000
35 102095 100000 182000 504000 282000 604000
40 116680 100000 208000 576000 308000 676000
45 131265 100000 234000 648000 334000 748000

Table No 5
of premiums
year paid till end
Guaranteed
1 4444 100000 3900 10800 103900 110800
2 8888 100000 7800 21600 107800 121600
3 13332 100000 11700 32400 111700 132400
4 17776 100000 15600 43200 115600 143200
5 22220 100000 19500 54000 119500 154000
6 26664 100000 23400 64800 123400 164800
7 31108 100000 27300 75600 127300 175600
8 35552 100000 31200 86400 131200 186400
9 39996 100000 35100 97200 135100 197200
10 44440 100000 39000 108000 139000 208000
15 66660 100000 58500 162000 158500 262000
20 66660 100000 104000 288000 204000 388000
25 66660 100000 130000 360000 230000 460000
30 66660 100000 156000 432000 256000 532000
35 66660 100000 182000 504000 282000 604000
40 66660 100000 208000 576000 308000 676000

45 66660 100000 234000 648000 334000 748000
B) MONEY BACK PLAN:-

1.)THE MONEY BACK POLICY-20 YEARS:-
Unlike ordinary endowment insurance plans where the
survival benefits are payable only at the end of the
endowment period, this scheme provides for periodic
payments of partial survival benefits as follows during the
term of the policy, of course so long as the policy holder is
alive. In the case of a 20-year Money-Back Policy (Table 75),
20% of the sum assured becomes payable each after 5, 10, 15
years, and the balance of 40% plus the accrued bonus
become payable at the 20th year.
For a Money-Back Policy of 25 years (Table 93), 15% of the
sum assured becomes payable each after 5, 10, 15 and 20
years, and the balance 40% plus the accrued bonus become
payable at the 25th year. An important feature of this type of
policies is that in the event of death at any time within the
policy term, the death claim comprises full sum assured
without deducting any of the survival benefit amounts, which
have already been paid. Similarly, the bonus is also calculated
on the full sum assured.
BENEFITS:-
INTRODUCTION:-
Insurance Regulatory & Development Authority (IRDA)
requires all life insurance companies operating in India to
provide official illustrations to their customers. The
illustrations are based on the investment rates of return set
by the Life Insurance Council (constituted under Section
64C(a) of the Insurance Act 1938) and is not intended to
reflect the actual investment returns achieved or may be
achieved in future by Life Insurance Corporation of India
(LICI).
For the year 2004-05 the two rates of investment return
declared by the Life Insurance Council are 6% and 10% per
annum.
Product summary :-These are Money Back type Assurance

plans that provide financial protection against death
throughout the term of plan along with the periodic payments
on survival at specified durations during the term.
Premiums:-
Premiums are payable yearly, half-yearly, quarterly, monthly

or through salary deductions as opted by you throughout the
term of the policy, or till the earlier death. This is a with-profit
plan and participate in the profits of the Corporation’s life
insurance business. It gets a share of the profits in the form of
bonuses. Simple Reversionary Bonuses are declared per
thousand Sum Assured annually at the end of each
financial year. Once declared, they form part of the
guaranteed benefits of the plan. Final (Additional) Bonus may
also be payable provided policy has run for certain minimum
period.
Death Benefit: The Sum Assured plus all bonuses to date is

payable in a lump sum upon the death of the
life assured during the policy term irrespective of
the Survival benefit /benefits paid earlier
SURVIVAL BENEFITS:
The percentage of Sum Assured as mentioned below will be

paid on survival to the end of specified durations :
% of Sum Assured paid at the end of specified duration
Plan
Duration 75 93
5 20% 15%
10 20% 15%
15 20% 15%
20 40% 15%
25 - 40%
All bonuses declared upto the maturity date will also be paid along with the
final survival benefit.
benefits.
Surrender Value:

surrender values are available under the plan on earlier termination of the
contract.
Guaranteed Surrender Value: The policy may be surrendered after it has been
in force for 3 years or more. The guaranteed surrender value is 30% of the
basic premiums paid excluding the first year’s premium and all survival
benefits paid earlier.
Corporation’s policy on surrenders: In practice, the Corporation will pay a
Special Surrender Value – which is either equal to or more than the
Guaranteed Surrender Value. The benefit payable on surrender is the
discounted value of the reduced claim amount that would be payable on death
or at maturity. This value will depend on the duration for which
premiums have been paid and the policy duration at the date of
surrender. In some circumstances, in case of
early termination of the policy, the surrender value payable
may be less than the total premiums paid. The Corporation reviews the
surrender value payable under its plans from time to time depending on the
economic environment, experience and other factors.
Note:
The above is the product summary giving the key features of the plan.
This is for illustrative purpose only. This does not represent a
contract and for details please refer to your policy document.
Plan/ Term 75/ 20 Years 93/ 25 Years
At the end of 5 years 20% 15%
At the end of 20 years balance 40% + bonus 15%
At the end of 25 years NIL balance 40% + bonus

Age at entry : 35 years
Policy Term : 20 Years
Mode of premium payment : Yearly
Sum Assured : Rs. 1,00,000 /-
Annual Premium : Rs. 6564 /-
End Total Benefit on Death during the year (Rs.)

of premiums
year paid till end
Guaranteed Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 6564 100000 2400 4800 102400 104800
2 13128 100000 4800 9600 104800 109600
3 19692 100000 7200 14400 107200 114400
4 26256 100000 9600 19200 109600 119200
5 32820 100000 12000 24000 112000 124000
6 39384 100000 14400 28800 114400 128800
7 45948 100000 16800 33600 116800 133600
8 52512 100000 19200 38400 119200 138400
9 59076 100000 21600 43200 121600 143200
10 65640 100000 24000 48000 124000 148000
15 98460 100000 36000 72000 136000 172000
20 131280 100000 48000 96000 148000 196000

End Total Benefit on survival / maturity at the end of year
of premiums
year paid till end
Variable Total
of year
1 6564 0 0 0 0 0
2 13128 0 0 0 0 0
3 19692 0 0 0 0 0
4 26256 0 0 0 0 0
5 32820 20000 0 0 20000 20000
6 39384 0 0 0 0 0
7 45948 0 0 0 0 0
8 52512 0 0 0 0 0
9 59076 0 0 0 0 0
10 65640 20000 0 0 20000 20000
15 98460 20000 0 0 20000 20000
20 131280 40000 53000 106000 93000 146000

of premiums
year paid till end
Variable Total
of year
1 5507 100000 2700 4800 102700 105800
2 11014 100000 5400 9600 105400 111600
3 16521 100000 8100 14400 108100 117400
4 22028 100000 10800 19200 110800 123200
5 27535 100000 13500 24000 113500 129000
6 33042 100000 16200 28800 116200 134800
7 38549 100000 18900 33600 118900 140600
8 44056 100000 21600 38400 121600 146400
9 49563 100000 24300 43200 124300 152200
10 55070 100000 27000 48000 127000 158000
15 82605 100000 40500 72000 140500 187000
20 110140 100000 54000 116000 154000 216000
25 137675 100000 67500 145000 167500 245000

of premiums
year paid till end Variable Total
of year
0 0 0 0 0
1 5507
2 11014 0 0 0 0 0
3 16521 0 0 0 0 0
4 22028 0 0 0 0 0
5 27535 15000 0 0 15000 15000
6 33042 0 0 0 0 0
7 38549 0 0 0 0 0
8 44056 0 0 0 0 0
9 49563 0 0 0 0 0
10 55070 15000 0 0 15000 15000
15 82605 15000 0 0 15000 15000
20 110140 15000 0 0 15000 15000

25 137675 40000 74500 161000 114500 201000

view) life.

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.

quantification.

PLAN PARAMETERS:-
Minimum Maximum
Entry age 13 (lbd) 50
Sum assured (Rs.) 50,000 NO LIMIT
Fixed at 20 for plan 75 and
Term (years) -
25 for plan 93
Mode of Payment Maximum Maturity Age Policy loan available
Yearly, Half-
yearly,Quarterly,
70 years No
Monthly, Salary
Saving Scheme
2.)THE MONEY BACK POLICY-25 YEARS:-
Unlike ordinary endowment insurance plans where the
survival benefits are payable only at the end of the
endowment period, this scheme provides for periodic
payments of partial survival benefits as follows during the
term of the policy, of course so long as the policy holder is
alive.
In the case of a 20-year Money-Back Policy (Table 75), 20% of
the sum assured becomes payable each after 5, 10, 15 years,
and the balance of 40% plus the accrued bonus become
payable at the 20th year.
For a Money-Back Policy of 25 years (Table 93), 15% of the
sum assured becomes payable each after 5, 10, 15 and 20
years, and the balance 40% plus the accrued bonus become
payable at the 25th year.
An important feature of this type of policies is that in the
event of death at any time within the policy term, the death
claim comprises full sum assured without deducting any of the
survival benefit amounts, which have already been paid.
Similarly, the bonus is also calculated on the full sum assured.
BENEFITS:-
INTRODUCTION:-Insurance Regulatory & Development
Authority (IRDA) requires all life insurance companies
operating in India to provide official illustrations to
their customers. The illustrations are based on the
investment rates of return set by the Life Insurance Council
(constituted under Section 64C(a) of the Insurance Act 1938)
and is not intended to reflect the actual investment returns
achieved or may be achieved in future by Life Insurance
Corporation of India (LICI).
For the year 2004-05 the two rates of investment return
declared by the Life Insurance Council are 6% and 10% per
annum These are Money Back type Assurance plans that
provide financial protection against death
throughout the term of plan along with the periodic payments
on survival at specified durations during the term.
Premiums are payable yearly, half-yearly,
quarterly, monthly or through salary deductions as opted by
you throughout the term of the policy, or till the earlier death.
BONUSES:-This is a with-profit plan and participate in the

profits of the Corporation’s life insurance business. It gets a
share of the profits in the form of bonuses. Simple
Reversionary Bonuses are declared per thousand Sum
Assured annually at the end of each financial year. Once
declared, they form part of the guaranteed benefits of the
plan. Final (Additional) Bonus may also be payable provided
policy has run for certain minimum period. The Sum Assured
plus all bonuses to date is payable in a lump sum upon the
death of the life assured during the policy term irrespective of
the Survival benefit /benefits paid earlier.
Survival Benefits:
The percentage of Sum Assured as mentioned below will be
paid on survival to the end of specified durations :
% of Sum Assured paid at the end of specified duration
Plan
Duration 75 93
5 20% 15%
10 20% 15%
15 20% 15%
20 40% 15%
25 - 40%
All bonuses declared upto the maturity date will also be paid
along with the final survival benefit.
These are the optional benefits that can be added to your
basic plan for extra protection/option. An additional premium
is required to be paid for these benefits.
Surrender Value:
Buying a life insurance contract is a long-term commitment.
However, surrender values are available under the plan on
earlier termination of the contract.
Guaranteed Surrender Value:

The policy may be surrendered after it has been in force for 3
years or more. The guaranteed surrender value is 30% of the
basic premiums paid excluding the first year’s premium and
all survival benefits paid earlier.
Corporation’s policy on surrenders:

In practice, the Corporation will pay a Special Surrender Value
– which is either equal to or more than the Guaranteed
Surrender Value. The benefit payable on surrender is the
discounted value of the reduced claim amount that would be
payable on death or at maturity. This value will depend on the
duration for which premiums have been paid and the policy
duration at the date of surrender. In some circumstances, in
case of early termination of the policy, the surrender value
payable may be less than the total premiums paid.The
Corporation reviews the surrender value payable under its
plans from time to time depending on the economic
environment, experience and other factors.
Note:
The above is the product summary giving the key features of
the plan. This is for illustrative purpose only. This does not
represent a contract and for details please refer to your policy
document.
Plan/ Term 75/ 20 Years 93/ 25 Years

At the end of 5
20% 15%
years
At the end of 10
20% 15%
years
At the end of 15
20% 15%
years
At the end of 20 balance 40% +
15%
years bonus
At the end of 25 balance 40% +
NIL
years bonus
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.”
of premiums
of year
Guaranteed Scenario Scenario Scenario Scenario
1 2 1 2
1 6564 100000 2400 4800 102400 104800
2 13128 100000 4800 9600 104800 109600
3 19692 100000 7200 14400 107200 114400
4 26256 100000 9600 19200 109600 119200
5 32820 100000 12000 24000 112000 124000
6 39384 100000 14400 28800 114400 128800
7 45948 100000 16800 33600 116800 133600
8 52512 100000 19200 38400 119200 138400
9 59076 100000 21600 43200 121600 143200
10 65640 100000 24000 48000 124000 148000
15 98460 100000 36000 72000 136000 172000
20 131280 100000 48000 96000 148000 196000

of premiums
year paid till Variable Total
end of
year Guaranteed Scenario Scenario Scenario Scenario
1 2 1 2
1 6564 0 0 0 0 0
2 13128 0 0 0 0 0
3 19692 0 0 0 0 0
4 26256 0 0 0 0 0
5 32820 20000 0 0 20000 20000
6 39384 0 0 0 0 0
7 45948 0 0 0 0 0
8 52512 0 0 0 0 0
9 59076 0 0 0 0 0
10 65640 20000 0 0 20000 20000
15 98460 20000 0 0 20000 20000
20 131280 40000 53000 106000 93000 146000


of premiums
of year Guaranteed Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 5507 100000 2700 4800 102700 105800
2 11014 100000 5400 9600 105400 111600
3 16521 100000 8100 14400 108100 117400
4 22028 100000 10800 19200 110800 123200
5 27535 100000 13500 24000 113500 129000
6 33042 100000 16200 28800 116200 134800
7 38549 100000 18900 33600 118900 140600
8 44056 100000 21600 38400 121600 146400
9 49563 100000 24300 43200 124300 152200
10 55070 100000 27000 48000 127000 158000
15 82605 100000 40500 72000 140500 187000
20 110140 100000 54000 116000 154000 216000
25 137675 100000 67500 145000 167500 245000

of premiums
year paid till end
Guaranteed Scenario Scenario Scenario Scenario 2

1 2 1
1 5507 0 0 0 0 0
2 11014 0 0 0 0 0
3 16521 0 0 0 0 0
4 22028 0 0 0 0 0
5 27535 15000 0 0 15000 15000
6 33042 0 0 0 0 0
7 38549 0 0 0 0 0
8 44056 0 0 0 0 0
9 49563 0 0 0 0 0
10 55070 15000 0 0 15000 15000
15 82605 15000 0 0 15000 15000
20 110140 15000 0 0 15000 15000

25 137675 40000 74500 161000 114500 201000

view) life.
p.a.(Scenario 1) and 10% p.a. (Scenario 2) respectively. In
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.
quantification.

UNIT LINKED INSURANCE PLAN:-

FORTUNE PLUS:-
It is a unit linked assurance plan where premium payment term (PPT) is 5
years and the premium payable in the first year will be 50% of total premium
payable under the policy. The level of cover will depend on the level of
premium you agree to pay.
Four types of investment funds are offered. Premiums paid after allocation
charge will purchase units of the Fund type chosen. The Unit Fund is subject
to various charges and value of the units may increase or decrease, depending
on the Net Asset Value (NAV). The plan therefore serves the purpose of
insurance-cum-investment.
Payment of Premiums: You may pay premiums regularly at yearly, half-

yearly, quarterly or monthly (ECS) intervals for 5 years. The minimum First
year premium will be Rs.20,000/- and you may pay any amount exceeding it.
From second year onwards each year’s premium will be 25% of the first year
premium.
Other Features:
i) Partial Withdrawals: You may encash the units partially after the
third policy anniversary subject to the following:
i) In case of minors, partial withdrawals shall be allowed from the policy
anniversary coinciding with or next following the date on which the life
assured attains majority (i.e. on or after18th birthday).
ii) Partial withdrawals may be in the form of fixed amount or in the form of
fixed number of units.
iii) For 2 years’ period from the date of withdrawal, the Sum Assured under
the Basic plan shall be reduced to the extent of the amount of partial
withdrawals made.
iv) Under policies where less than 3 years’ premiums have been paid and
further premiums are not paid, the partial withdrawals shall not be allowed.
v) Under policies where atleast 3 years’ premiums have been paid, partial
withdrawal will be allowed subject to Policyholder’s Fund Value being atleast
Rs. 10,000/-.
ii) Switching: You can switch between any fund types for the entire Fund
Value during the policy term subject to switching charges, if any.
iii) Discontinuance of premiums: If premiums are payable either yearly,

half-yearly, quarterly or monthly (ECS) and the same have not been duly paid
within the days of grace under the Policy, the Policy will lapse. A lapsed
policy can be revived during the period of two years from the due date of first
unpaid premium.
I) Where atleast 3 years’ premiums have been paid, the Life Cover and
Accident Benefit rider, if any, shall continue during the revival period.
During this period, the charges for Mortality and Accident Benefit cover, if
any, shall be taken, in addition to other charges, by canceling an appropriate
number of units out of the Policyholder’s Fund Value every month. This will
continue to provide relevant risk covers for:
i. two years from the due date of first unpaid premium, or
ii. till the date of maturity, or
iii. till such period that the Policyholder’s Fund Value reduces to Rs. 5,000/-,
whichever is earlier.
The benefits payable under the policy in different contingencies during this
period shall be as under:
A. In case of Death: Higher of Sum Assured under the Basic Plan or the
Policyholder’s Fund Value. The Sum Assured shall be subject to provisions of
Partial Withdrawals made, if any.
B. In case of Death due to accident: Accident Benefit Sum Assured in addition
to the amount under A above, if Accident Benefit is opted for.
C. On Maturity: The Policyholder’s Fund Value.

D. In case of Surrender (including Compulsory Surrender): The
Policyholder’s Fund Value. The Surrender value, however, shall be paid only
after the completion of 3 policy years.
E. In case of Partial Withdrawals: For 2 years period from the date of
withdrawal, the sum assured under the basic plan shall be reduced to the
extent of the amount of partial withdrawals made.
II) Where the policy lapses without payment of at least 3 years’ premiums, the
Life Cover and Accident Benefit rider cover, if any, shall cease and no charges
for these benefits shall be deducted. However, deduction of all the other
charges shall continue. The benefits under such a lapsed policy shall be
payable as under:
F. In case of Death: The Policyholder’s Fund Value.

G. In case of death due to accident: Only, the amount as under F above.
H. In case of Surrender (including Compulsory Surrender): Policyholder’s

Fund Value / monetary value as the case may be, shall be payable after the
completion of the third policy anniversary. No amount shall be payable within
3 years from the date of commencement of policy.
I. In case of Partial withdrawal: Partial Withdrawals shall not be allowed

under such a policy even after completion of 3 years period.
iv) Revival: If due premium is not paid within the days of grace, the policy
lapses. A lapsed policy can be revived during the period of two years from the
due date of first unpaid premium or before maturity, whichever is earlier. The
period during which the policy can be revived will be called “Period of
revival” or “revival period”.
If premiums have not been paid for at least 3 full years, the policy may be
revived within two years from the due date of first unpaid premium. The
revival shall be made on submission of proof of continued insurability to the
satisfaction of the Corporation and the payment of all the arrears of premium
without interest.
If atleast 3 full years’ premiums have been paid and subsequent premiums are
not paid, the policy may be revived within two years from the due date of first
unpaid premium but before the date of maturity. No proof of continued
insurability shall be required but all arrears of premium without interest shall
be required to be paid.
The Corporation reserves the right to accept the revival at its own terms or
decline the revival of a lapsed policy. The revival of a lapsed policy shall take
effect only after the same is approved by the Corporation and is specifically
communicated in writing to the Proposer / Life Assured
Irrespective of what is stated above, if less than 3 years’ premiums have been
paid and the Policyholder’s Fund Value is not sufficient to recover the
charges, the policy shall be terminated and thereafter revival will not be
entertained. If 3 years’ or more than 3 years’ premiums have been paid and the
Policyholder’s Fund Value reduces to Rs. 5000/-, the policy shall terminate
and Policyholder’s Fund Value as on such date shall be refunded to the Life
Assured and thereafter revival will not be allowed.
Settlement Option:
When the policy comes for maturity, you may exercise “Settlement Option”
and may receive the policy money in instalments spread over a period of not
more than five years from the date of maturity. There shall not be any life
cover during this period. The value of installment payable on the date
specified shall be subject to investment risk i.e. the NAV may go up or down
depending upon the performance of the fund.
Reinstatement:
A policy once surrendered will not be reinstated.
Risks borne by the Policyholder:

i) LIC’s Fortune Plus is a Unit Linked Life Insurance product which is
different from the traditional insurance products and are subject to
the risk factors. The premium paid in Unit Linked Life Insurance
policies are subject to investment risks associated with capital
markets and the NAVs of the units may go up or down based on the
performance of fund and factors influencing the capital market and
the insured is responsible for his/her decisions. Life Insurance
Corporation of India is only the name of the Insurance Company and
LIC’s Fortune Plus is only the name of the unit linked life insurance
contract and does not in any way indicate the quality of the contract,
its future prospects or returns. Please know the associated risks and
the applicable charges, from your Insurance agent or the
Intermediary or policy document of the insurer. The various funds
offered under this contract are the names of the funds and do not in
any way indicate the quality of these plans, their future prospects
and returns.
All benefits under the policy are also subject to the Tax Laws and
other financial enactments as they exist from time to time.
Cooling off period: If you are not satisfied with the “Terms and
Conditions” of the policy, you may return the policy to us within 15
days.
Loan: No loan will be available under this plan.

Assignment:
Assignment will be allowed under this plan.
Exclusions: any amount exceeding it. From second year onwards

each year’s premium will be 25% of the first year premium. In case
the Life Assured commits suicide at any time within one year, the
Corporation will not entertain any claim by virtue of the policy
except to the extent of the Policyholder’s Fund Value on death.
Benefits:
A) Death Benefit: Higher of Sum Assured or the
Policyholder’s Fund Value shall be available as
death benefit.
B) Maturity Benefit: On the Life Assured surviving

the maturity date of the contract, an amount equal to
the Policyholder’s Fund Value is payable.
3.Options:
ACCIDENT-BENEFIT-OPTION:
If you are above 18 years of age, you may opt for
Accident Benefit equal to the amount of life cover subject
to minimum of Rs. 25,000/- and maximum of Rs. 50 lakh
(taken all policies with LIC of India and other insurers). In
case of death by Accident, an additional sum equal to
Accident Benefit sum assured shall be payable.
Eligibility Conditions and Other Restrictions:
(a) Minimum Age at 12 years (age last birthday)

entry
(b) Maximum Age at 60 years (age nearer birthday)

entry
(c) Minimum Maturity 18 years (completed)

Age
(d) Maximum
65 years (age nearer birthday)
Maturity Age
(e) Minimum Policy

5 years
Term
(f) Maximum Policy

20 years
Term
(g) Minimum
Rs.20,000/- for first Premium
Premium
(h) Sum Assured Higher of 5 times the first year’s
under the Basic annualized premium or half of the policy
Plan term times the first year’s annualized
premium.
Where the minimum Sum assured is not in the multiples of Rs.

5,000/-, it will be rounded off to the next multiple of Rs.
5,000/-.
Method of Calculation of Unit price: Units will be allotted
based on the Net Asset Value (NAV) of the respective fund as
on the date of allotment. There is no Bid-Offer spread (the Bid
price and Offer price of units will both be equal to the NAV).
The NAV will be computed on daily basis and will be based on
investment performance, Fund Management Charge and
whether fund is expanding or contracting under each fund
type and shall be calculated as under:
5.Investment of Funds: Plan offers following four Funds
detailed below:
Short-term
Investment in Details
Investment such Investme
Government / and
as money market nt in
Fund Government objective
Instruments Listed
Type Guaranteed of the
(Including Govt. Equity
Securities / fund for
Securities & Shares
Corporate Debt risk/return
Corporate Debt)
Bond Not less than
100% Nil Low risk
Fund 60%
Not less Steady
Secur
Not less than than 15% Income -
ed Not more than 85%
45% & Not more Lower to
Fund
than 55% Medium risk
Not less Balanced
Balan
Not less than than 30% Income and
ced Not more than 70%
30% & Not more growth -
Fund
than 70% Medium risk
Not less Long term
Growt
Not less than than 40% Capital
h Not more than 60%
20% & Not more growth -
Fund
than 55% High Risk
The Policyholder has the option to choose any ONE of the
above 4 funds.
Appropriation price is applied (when fund is
expanding): Market value of investments held by the
fund plus the expenses incurred in the purchase of the
assets plus the value of any current assets plus any
accrued income net of fund management charges less
the value of any current liabilities less provisions, if
any divided by the number of units existing at the
valuation date (before any new units are allocated).
Expropriation price is applied (when fund is
contracting): Market value of investments held by
the fund less the expenses incurred in the sale of
assets plus the value of any current assets plus any
accrued income net of fund management charges less
the value of any current liabilities less provisions, if
any divided by the number of units existing at the
valuation date (before any units redeemed).
Applicability of Net Asset Value (NAV): The premiums

received up to a particular time (presently 3 p.m.) by the
servicing branch of the Corporation through ECS or by way of
a local cheque or a demand draft payable at par at the place
where the premium is received, the closing NAV of the day on
which premium is received shall be applicable. The premiums
received after such time by the servicing branch of the
Corporation through ECS or by way of a local cheque or a
demand draft payable at par at the place where the premium
is received, the closing NAV of the next business day shall be
applicable.
Similarly, in respect of the valid applications received for

surrender, partial withdrawal, death claim, switches etc up to
such time by the servicing branch of the Corporation closing
NAV of that day shall be applicable. For the valid applications
received in respect of surrender, partial withdrawal, death
claim, switches etc after such time by the servicing branch of
the Corporation the closing NAV of the next business day shall
be applicable.
In respect of maturity claim, NAV of the date of maturity shall

be applicable.
The timing given is as per the existing guidelines and changes
in this regard shall be as per the instruction from IRDA.
7.CHARGES UNDER THE PLAN:-
A) Premium Allocation Charge: This is the percentage of
the premium deducted from the premium received. The
balance constitutes that part of the premium which is utilized
to purchase (Investment) units for the policy.
The allocation charges are as below
Allocation Charge
Premium Band (per annum) First year thereafter
20,000 to 2,00,000 15.00 % 2.50 %

2,00,001 to 3,00,000 14.50 % 2.50 %
3,00,001 to 6,00,000 13.00 % 2.50 %
6,00,001 and above 13.50 % 2.50 %
Charges for Risk Covers:
i) Mortality Charge - This is the cost of life insurance cover
which is age specific and will be taken every month. The life
insurance cover is the difference between Sum Assured under
Basic plan and the Fund Value after deduction of all other
charges.
The charges per Rs. 1000/- life insurance cover for some of
the ages in respect of a healthy life are as under:
Age 25 35 45 55
Rs. 1.42 1.73 3.89 10.76
ii)Accident Benefit Charge - It is the cost of Accident Benefit
rider (if opted for) and will be levied every month at the rate
of Rs. 0.50 per thousand Accident Benefit Sum Assured per
policy year.
C) Other Charges:
i) Policy Administration Charge - Rs. 60/- per month during the
first policy year and Rs. 20/- per month thereafter, throughout
the term of the policy.
ii) Fund Management Charge - It is the charge levied as a

percentage of the value of units at following rates:
0.75% p.a. of Unit Fund for “Bond” Fund
1.00% p.a. of Unit Fund for “Secured” Fund
1.25% p.a. of Unit Fund for “Balanced” Fund
1.50% p.a. of Unit Fund for “Growth” Fund
Fund Management Charge shall be appropriated while
computing NAV.
iii) Switching Charge - This is a charge levied on switching of

monies from one fund to another. Within a given policy year 4
switches will be allowed free of charge. Subsequent switches
in that year shall be subject to a switching charge of Rs. 100
per switch.
iv) Bid/Offer Spread - Nil.
v) Surrender Charge - Nil.
vi) Service Tax Charge - A service tax charge shall be levied

on the Mortality Charges and Accident Benefit rider charges, if
any, on a monthly basis. The level of this charge will be as per
the rate of service tax as applicable from time to time.
Presently, the rate of Service Tax is 12% with an educational
cess at the rate of 3% thereon and hence effective rate is
12.36%.
vii) Miscellaneous Charge - This is a charge levied for an

alteration within the contract, such as reduction in policy
term, change in premium mode, etc. An alteration may be
allowed subject to a charge of Rs.50/-.
D) Right to revise charges: The Corporation reserves the
right to revise all or any of the above charges except the
Premium Allocation charge and Mortality charge. The
modification in charges will be done with prospective effect
with the prior approval of IRDA.
Although the charges are reviewable, they will be subject to

the following maximum limit:
- Policy Administration Charge

Rs.150/- per month during the first policy year and Rs. 50/-
per month thereafter, throughout the term of the policy.
- Fund Management Charge: The Maximum for each Fund will
be as follows:
i. Bond Fund: 1.5% p.a. of Unit Fund
ii. Secured Fund: 2.0% p.a. of Unit Fund
iii. Balanced Fund: 2.5% p.a. of Unit Fund
iv. Growth Fund: 3.0% p.a. of Unit Fund
- Switching Charge shall not exceed Rs. 200/- per switch.
- Miscellaneous Charge shall not exceed Rs. 100/- each time
when an alteration is requested.
8. Surrender:
The surrender value, if any, is payable only after the
completion of the third policy anniversary. The surrender
value will be the Policyholder’s Fund Value at the date of
surrender. There will be no Surrender charge.
If you apply for surrender of the policy within 3 years from the
date of commencement of policy, then the Policyholder’s fund
value of units shall be converted into
monetary terms. No charges shall be deducted
thereafter and this monetary value shall be paid on
completion of 3 years from the date of commencement of
policy.
In case of death of life assured after the date of surrender but

before the completion of 3 years from the date of
commencement of policy the monetary value
payable on the completion of 3 years shall be
payable to the nominee/ legal heir immediately on death.
Compulsory Surrender:
The policy shall be surrendered compulsorily in following
cases:
i) where the policy is not revived during the period of revival,
the policy shall be terminated after completion of
3 years from the date of commencement of the policy or on
expiry of revival period, whichever is later. However, if the
date of maturity falls before the expiry of revival period, then
the policy shall be terminated on the date of maturity.
ii) where premiums have been paid for less than 3 years and
the balance in policyholder’s fund value is not sufficient to
recover the relevant charges;
iii) where premiums have been paid for at least 3 years and
the balance in policyholder’s fund value falls
below Rs. 5,000/-.
The conversion in monetary value shall be as under:

The NAV on the date of application for surrender or on the
date when revival period is over (in case of compulsory
surrender), as the case may be, multiplied by the number of
units in the Policyholder’s Fund as on that date.
FREQUENCY OF PREMIUM PAYMENT : ANNUAL BASIC PLAN
AGE AT ENTRY: 35 years
TERM: 20 years
PPT: 5 years
FIRST YEAR PREMIUM: 20000
SUM ASSURED UNDER BASIC PLAN: 200000
SURRENDER/
DEATH BENEFIT PAYABLE AT END OF
MATURITY
YEAR OF DEATH
End VALUE
Total
Of
Premi Payab Payab Payab Payabl
Poli
um Guarant Varia Varia le le le e
cy
Paid
Year eed ble ble Amou Amou Amou Amoun
nt nt nt t
Scena Scena Scena Scena Scena Scenari

rio 1 rio 2 rio 1 rio 2 rio 1 o 2
2000 1673 1738 2000 20000
1 200000 0 0
0 2 4 00 0
2500 2204 2360 2000 20000
2 200000 0 0
0 8 2 00 0
3000 2761 3036 2000 20000 2761
3 200000 30360
0 0 0 00 0 0
3500 3342 3770 2000 20000 3342
4 200000 37706
0 9 6 00 0 9
4000 3951 4569 2000 20000 3951
5 200000 45692
0 8 2 00 0 8
4000 4075 4904 2000 20000 4075
6 200000 49048
0 2 8 00 0 2
4000 4200 5267 2000 20000 4200
7 200000 52671
0 7 1 00 0 7
4000 4328 5659 2000 20000 4328
8 200000 56592
0 9 2 00 0 9
4000 4459 6083 2000 20000 4459
9 200000 60838
0 7 8 00 0 7
4000 4592 6543 2000 20000 4592
10 200000 65433
0 4 3 00 0 4
4000 4726 7040 2000 20000 4726
11 200000 70403
0 0 3 00 0 0
4000 4859 7577 2000 20000 4859
12 200000 75778
0 7 8 00 0 7
4000 4992 8159 2000 20000 4992
13 200000 81591
0 4 1 00 0 4
4000 5123 8788 2000 20000 5123
14 200000 87884
0 2 4 00 0 2
4000 5251 9470 2000 20000 5251
15 200000 94702
0 1 2 00 0 1
4000 5375 1020 2000 20000 5375
16 200000 102096
0 0 96 00 0 0
4000 5493 1101 2000 20000 5493
17 200000 110129
0 9 29 00 0 9
4000 5606 1188 2000 20000 5606
18 200000 118870
0 7 70 00 0 7
4000 5712 1283 2000 20000 5712
19 200000 128399
0 1 99 00 0 1
4000 5809 1388 2000 20000 5809
20 200000 138809
0 0 09 00 0 0
Reduction in yield @ 6% 3.99%
Reduction in yield @ 10% 3.17%
CHILDREN PLANS:-
1.) CHILD FORTUNE PLUS:-
Introduction:
All of us wish to ensure the best possible future for our children. With the cost
of education sky rocketing, it is all the more important that an early provision
is made to ensure that your loved ones get a good head start in life. LIC’s
Child Fortune Plus is a total solution to their education and other needs. The
plan is a unit linked one offering the prospects of long term capital
appreciation.
Benefits:
On Maturity:
The maturity benefit will be payable on the earlier of; either the child attaining
25 years of age or the life assured attaining 75 years. On the date of maturity,
an amount equal to the policy holder`s fund value is payable.
On Death:
In the unfortunate event of death of the policy holder, the nominee
child will be paid the Sum Assured under the policy. Further
all future premiums will be waived and units equivalent thereof shall
be credited to the policy fund account at the applicable unit price.
Am I eligible?
A parent, with a child aged 17 years or less can go in for Child Fortune Plus.
The policy will cover the life of the parent.
Partial Withdrawal/Surrender:
A Policyholder can partially withdraw the units at any time after the third
policy anniversary subject to certain conditions. There will be no bid offer
spread i.e. the sale and purchase price of units will be the same. The NAV
shall be declared on day to day basis.
Premium Payment options:
The policy can be taken under the lumpsum option or the regular premium
option. ECS payment is also available.
Revival:
In case the policy is lapsed, it can be revived within a period of 2 years
(Revival Period), from the date of First Unpaid Premium. If the premiums
have been paid for a minimum period of three years, the Life cover will
continue during the Revival Period. A unique feature of the plan is that a
policyholder can opt for continuation of cover even beyond the Revival
Period, without reviving the policy or paying any further premiums by
exercising the option at least one month prior to the completion of the Revival
Period. The policy cover continues by deduction of relevant charges from the
policy fund till the fund value reaches one annualized premium.
Other Features:
The plan has other highlights like payment of additional amounts(top ups),
attractive Fund Management/other charges and liberalized conditions for
continuance of the policy in event of lapsation.
The minimum Sum Assured is five times the annualized premium and the
maximum Sum Assured can go upto 25 times the annualized premium,
depending on age at entry. Premium can be paid in yearly, half yearly,
quarterly or monthly( ECS ) modes and the minimum annualized premium is
Rs.10,000/-. The plan offers upto four switches free of charge every year,
between the different types of funds.
With many attractive features, Child Fortune Plus is an ideal solution to meet
the financial requirements arising at various stages like higher education and
start up in life, etc.
2.) CDA ENDOWMENT VESTING AT 18 :-
CHILDREN DEFFRED ENDOWEMENT ASSURANCE PLANS:-
Product Summary: This is an Endowment Assurance plan designed to enable a
parent or a legal guardian or any near relative of the child (called proposer) to
provide insurance cover on the life of the child (called life assured). The plan
has two stages, one covering the period from the date of commencement of
policy to the Deferred Date (called deferment period) and the other covering
the period from the Deferred Date to the date of maturity. The insurance cover
on the child’s life starts from the Deferred Date and is available during the
latter period. The Deferred Date in case of Plan No 41 is the policy
anniversary date coinciding with or next following the date on which the child
completes 21 years of age. In case of Plan No 50 it is the policy anniversary
date coinciding with or next following the 18th birthday of the child.
Premiums:
Premiums are payable yearly, half-yearly, quarterly or monthly and
this shall cease on the death of the life assured . Premiums are waived
on death of Proposer provided this benefit is availed.
Bonuses:
This is a with-profits plan and participates in the profits of the Corporation’s
life insurance business after the deferred date. It gets a share of the profits in
the form of bonuses. Simple Reversionary Bonuses are declared per thousand
Sum Assured annually at the end of each financial year. Once declared, they
form part of the guaranteed benefits of the plan.
Death Benefit:
The Sum Assured along with vested bonuses is payable in a lump sum
upon the death of the life assured after the defrayments period. If death
occurs before the defrayments period all premiums paid is refunded.
Maturity Benefit:
Sum assured along with all bonuses declared up to maturity date is payable in
lump sum.
Supplementary/Extra Benefits:
benefits.
Surrender Value:
surrender values are available on the plan on earlier termination of the
contract.
Guaranteed Surrender Value:

The minimum surrender value allowable under this policy is as under:
(a) Before the Deferred date : 90% of the premiums paid excluding the
premium for the first year.
(b) After the Deferred date:

i)If deferment period is less than 10 years:
90% of the premiums paid before the deferment date excluding the premiums
for the first year plus 30% of premiums paid after the deferred date.
(ii) If deferment period is 10 years or more:
90% of a cash option plus 30% of premiums paid after the deferred date.
Corporation’s Policy On Surrenders:
payable on surrender is the discounted value of the reduced claim amount that
would be payable at death or maturity. This value will depend on the duration
for which premiums have been paid and the policy duration at the date of
surrender. The Corporation reviews the surrender value payable under its
plans from time to time depending on the economic environment, experience
and other factors.
The above is the product summary giving the key features of the plan. This is
for illustrative purpose only. This does not represent a contract and for details
please refer to your policy document.
STATUTORY WARNING:
based on the future performance of your insurer carrying on ife insurance
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.
Table 41
Policy Term: 25 Years Deferment period: 11 years
Premium Paying Term: 25 Years
Sum Assured: Rs. 1,00,000 /-
Annual Premium: Rs. 2673 /-
of premiums
year paid till end
Guaranteed
1 2673 2673 - - 2673 2673
2 5346 5346 - - 5346 5346
3 8018 8018 - - 8018 8018
4 10691 10691 - - 10691 10691
5 13364 13364 - 13364 13364
6 16037 16037 - - 16037 16037
7 18709 18709 - - 18709 18709
8 21382 21382 - - 21382 21382
9 24055 24055 - - 24055 24055
10 26728 26728 - - 26728 26728
12 2073 100000 2100 5500 102100 105500
15 40092 100000 8400 22000 108400 122000
20 53456 100000 18900 49500 118900 149500
25 66819 100000 46400 122000 146400 222000
Note: The proposer will have the option to take a cash

payment of Rs.39,890/- on the Deferred Date on cancellation
of the policy contract entirely.
Table 50)
Policy Term: 25 Years Deferment period: 8 years
Premium Paying Term: 25 Years
Sum Assured: Rs. 1,00,000 /-
Annual Premium: Rs. 2924 /-

of premiums
year paid till end
Guaranteed
1 2924 2924 - - 2924 2924
2 5848 5848 - - 5848 5848
3 8772 8772 - - 8772 8772
4 11696 11696 - - 11696 11696
5 14620 14620 - 14620 14620
6 17544 17544 - - 17544 17544
7 20468 20468 - - 20468 20468
8 23392 23392 - - 23392 23392
9 26316 100000 2100 5500 102100 105500
10 29240 100000 4200 11000 104200 111000
12 35087 100000 8400 22000 108400 122000
15 43859 100000 14700 38500 114700 138500
20 58479 100000 25200 66000 125200 166000
25 73099 100000 46700 124500 146700 224500
i)This illustration is applicable to a non-smoker male/female

view) life.
p.a.(Scenario 1) and 10% p.a.(Scenario 2) respectively. In
LICI will be able to earn throughout the term of the
policy will be6% p.a. or 10% p.a., as the case may
be. The Projected Investment Rate of Return is not
guaranteed.

able to appreciate the features of the product and
the flow of benefits in different circumstances
with some level of
quantification.
GROUP INSURANCE:-
GROUP GRATUITY SCHEME:-
Under the Payment of Gratuity Act, 1972, it is employers statutory liability to
pay 15 days salary (15/26 of a month's wages) for every completed years
service to each of his employees on their exit, for any reason after five years
of continuous service, subject to maximum limit of 3.5 lacs. Higher benefits
can be paid if the employer so desires. Gratuity payable to the employees can
be paid as and when liability arises and can be claimed as deductable expense
under P & L A/c of the relevant financial years. However, the sound system of
financial management envisages providing for Gratuity liability every year
and claiming the tax benefits as it is mandatory as per Accounting Standards
15 (AS15) to account for the liability on Actual basis. This can be done by
creating a Trust, managed privately or by LIC and paying the amount to the
Trust every year. In case of Privately Managed Trust, investment of funds will
have to be done as per Income-Tax Act, by the trustees and entire
administration of the Trust including Actuarial Valuation will be the
responsibility of the Trustees. In case of LIC managed trust, the job of
investment and actuarial valuation is taken over by the corporation free of
charge and in addition, interest is paid by the Corporation on the accumulated
funds.
We give below the details as to how the Group Gratuity (Cash Accumulation)
Scheme provides for a convenient mode of funding the statutory obligation of
an employer under the payment of Gratuity Act:
ATTRACTIVE RETURN:
1. LIC offers a very attractive rate of interest depending
upon the size of the fund
2. Employers ordinary annual contribution is allowed as

deduction in full in computation of business income as
per Section 36(1) (v).
3. Employer's initial contribution.
No. limit on amount as per Rule 104.It is to be paid on the

date of setting upof fund in full or in 5 yearly equated
instalments from such date. Deduction to be allowed shall not
exceed 8 1/3% of the past salaries as per Rule 104.Allowed as
a deduction in full in computation of business income as per
Section 36 (1)(v).
4. Benefits to employees Employer's initial and ordinary
annual contribution are not treated as taxable
perquisites.
5. Gratuity is payable in lumpsum only as per Rule 3 of part

C of Schedule IV.
6. Gratuity is salary and hence taxable, it is taxed under

Sec. 17(i) (iii).
7. Gratuity is tax free upto half month's average salary (of

last 10 months) for each year of service, subject to a
maximum of Rs. 3.5 lakhs as per Sec. 10(10).
8. While computing tax on gratuity, relief of spreading back

available as per Sec. 89(1).
9. Other matters.
a) Income of fund exempt from tax : Sec .10(25) (iv)
b) No. deduction is allowed for : Sec .40A(7) (a)
accounting provision made by
Employer for payment of
gratuity
c) Deduction is allowed for provsion : Sec. 40 A(7) (b)
made by Employer for payment of (i)
contribution to fund for payment for
gratuity that has become payable.
d) Contribution by the employer should
be : Sec. 43B
paid to the fund for claiming relief
e) Persons deducting tax to furnish : Sec. 206
prescribed returns to I.T. authority
f) Investment of fund moneys - : Rule 67 or LIC's
gratuity Scheme
Rule 101
g) Admission of director to a fund- : Rule 102
restricted to those owing not more than
5% of voting rights
h) Amendment of rules of fund-C.I.T's
: Rule 110
prior approval required
Multi-Employer group are not allowed as per CBDT letter

addressed to LIC.
The above scheme, attractive as it is, can be made a part of overall
commitment of any progressive employer wedded to Human Resource
Development concept.
GROUP LEAVE ENCASHMENT SCHEME:-
Many employers are providing Leave Encashment benefit in addition to other
retirement benefits to their employees which is a lumpsum amount payable to
the employees or their dependants on retirement, death, disablement,
voluntary retirement etc.
Funding of leave encashment:
End-of-the-year leave encashment facility available to employees, can be a
huge liability to the company. So can be Medical Leave Encashment, if
provided for. To meet this need of entrepreneurs and businesses, LIC has
introduced Group Leave Encashment Scheme. Just pay a yearly premium,
fund your leave encashment liability and let LIC take care of your worries.
Nature of liability:
The amount depends upon the leave to the credit of the employee and his/ her
salary at the time of exit. Liability is of increasing nature as it is linked with
salary as well as leave position.
As per the amended section 209 (3) of the Company's Act 1956 and
Accounting Standard (AS-15) dated January, 1995, the employers have to
account for the liability in respect of leave encashment facility, if any,
available to the employees and to provide for the same in their Annual
Accounts. It is, therefore, necessary for the companies to ascertain liability in
respect of Leave Encashment facilities, if any, available to the employees and
provide for the same in the books of accounts every year. It helps the
employers in ascertaining the true cost of their products and services.
The Features:
Group Leave Encashment Schemes (GLES) of LIC helps the employers in
funding of their lave encashment liability. The salient features of the scheme
are as follows:-
1. The Company will submit the employees' data and rules
for Leave Encashment. LIC will make actuarial valuation
and find out the funding requirements which shall be
quoted to the company. The company will contribute as
per the advice of LIC.
2. A uniform life cover per employee or graded cover will be

provided under One Year Renewable Group Term
Assurance Plan of LIC. A small term insurance premium
will be charged in addition to contributions for funding.
3. A Running Account will be maintained under the scheme

and the contributions (excluding term assurance
premium) will be credited to this account and all claims
except term assurance cover will be settled out of the
Running Account. Interest at the rate declared by LIC
from time to time will be credited to the Running Account
at the end of the financial year.
Benefits:
1. On the exit of an employee or encashment of leaves
during the service the Leave Encashment amount will be
paid from the Fund of the scheme maintained with LIC.
2. On the death of an employee, in addition to his / her

leave encashment benefit, his/her family will be entitled
to the amount of Insurance Cover, which will be tax-free.
3. The Life Insurance Corporation of India will do the

Actuarial Valuation and will provide necessary certificate
as per AS-15.
4. The amount of Term Insurance Premium paid for Life

Insurance Cover will be treated as business expenses.
ICICI PRUDENTIAL LIFE INSURANCE FIANNCIAL PRODUCT

EDUCATION INSURANCE PLANS:-
One of your most important responsibilities as a parent is to ensure that
your child gets the best possible education that can be provided. ICICI
Prudential offers a wide portfolio of education insurance plans that are
designed to provide peace of mind to you, as a parent, that your child's
education will be secure. These plans ensure that money is made
available at the crucial junctures in a child's education - Class X, Class
XII, graduation and post-graduation - to fund crucial commitments for
the child's future. Importantly, education insurance plans ensure that in
the unfortunate event of the death of a parent, the child's education
continues unhampered.
Under the education insurance plans platform, ICICI Prudential brings the
following products to you. Please click on the product name to know more
about the plans.
Plan Name Plan Type
SmartKid New Unit-linked Unit Linked

Regular Premium
SmartKid New Unit-linked Unit Linked

Single Premium
SmartKid Regular Premium Traditional
BENEFITS:-
Life insurance, especially tailored to meet your financial needs
Need for Life Insurance
Today, there is no shortage of investment options for a person to choose from.
Modern day investments include gold, property, fixed income instruments,
mutual funds and of course, life insurance. Given the plethora of choices, it
becomes imperative to make the right choice when investing your hard-earned
money. Life insurance is a unique investment that helps you to meet your dual
needs - saving for life's important goals, and protecting your assets.
Let us look at these unique benefits of life insurance in detail.

Asset Protection
From an investor's point of view, an investment can play two roles - asset
appreciation or asset protection. While most financial instruments have the
underlying benefit of asset appreciation, life insurance is unique in that it
gives the customer the reassurance of asset protection, along with a strong
element of asset appreciation.
The core benefit of life insurance is that the financial interests of one’s family
remain protected from circumstances such as loss of income due to critical
illness or death of the policyholder. Simultaneously, insurance products also
have a strong inbuilt wealth creation proposition. The customer therefore
benefits on two counts and life insurance occupies a unique space in the
landscape of investment options available to a customer.
Goal based savings
Each of us has some goals in life for which we need to save. For a young,
newly married couple, it could be buying a house. Once, they decide to start a
family, the goal changes to planning for the education or marriage of their
children. As one grows older, planning for one's retirement will begin to take
precedence.
Clearly, as your life stage and therefore your financial goals change, the
instrument in which you invest should offer corresponding benefits pertinent
to the new life stage.
2. WEALTH CREATION PLAN:-
Wealth Creation Plans give the customer the dual benefit of protection along
with the potentially higher returns of market-linked instruments. The most
important benefit of ULIPs is the flexibility they give the customer in
choosing the premium amount and also choosing the underlying fund in which
this money is to be invested. Wealth creation plans also offer the customer
more liquidity options as compared to traditional plans. As such, ULIPs are
ideal for customers who want the protection of a life cover to be allied to the
returns of market linked instrument – giving them an unmatched combination
of benefits.
Under the wealth creation platform, ICICI Prudential brings the following
products to you. Please click on the product name to know more about the
plans.
Plan Name Plan Type
Wealth Advantage Unit Linked

LifeStage Assure Unit Linked
LifeTime Gold Unit Linked
LifeLink Super Unit Linked
PremierLife Gold Unit Linked
LifeStage RP Unit Linked
BENEFITS:-


Asset Protection
Goal based savings
precedence.
to the new life stage. Life insurance is the only investment option that offers
specific products tailor-made for different life stages. It thus ensures that the
benefits offered to the customer reflect the needs of the customer at that
particular life stage, and hence ensures that the financial goals of that life
stage are met.
The table below gives a general guide to the plans that are appropriate for
different life stages.
Life Stage Primary Need Life Insurance Product
Young & Single Asset creation Wealth creation plans

Young & Just Wealth creation and mortgage
Asset creation & protection
married protection plans
Children's education, Asset Education insurance, mortgage
Married with kids
creation and protection protection & wealth creation plans
Middle aged with Planning for retirement & Retirement solutions & mortgage
grown up kids asset protection protection
Across all life-
Health plans Health Insurance
stages
PREMIUM GUARANTEE PLUS:-

The latest addition to the life insurance product portfolio of ICICI Prudential
is the Premium Guarantee plan – Invest Shield Life New. Premium Guarantee
plans are the ideal insurance-cum-investment option for customers who want
to enjoy the potentially higher returns(over the long term) of a market linked
instrument, but without taking any market risk.
Under the Premium Guarantee Plans platform, ICICI Prudential brings to you
the following products:
Plan Name Plan Type
InvestShield Life New Unit Linked
InvestShield CashBak Unit Linked
KEY BENEFITS:-

Asset Protection
Goal based savings
precedence.
to the new life stage. Life insurance is the only investment option that offers
specific products tailor-made for different life stages. It thus ensures that the
benefits offered to the customer reflect the needs of the customer at that
particular life stage, and hence ensures that the financial goals of that life
stage are met.
PROTECTION PLAN:-
The sole objective of these plans, as their name indicates, is to serve the
protection needs of the customer and by doing so, safeguard one’s family from
the financial implications of unfortunate circumstances than one cannot
foresee.
Under the Protection Plans platform, ICICI Prudential brings to you the
following products:
Plan Name Plan Type
Pure Protect Traditional
LifeGuard Traditional
Save'n'Protect Traditional
CashBak Traditional
Home Assure Traditional
UNIT LINKED INSURANCE PLAN:-

LIFE STAGE PENSION PLAN:-
Retirement time is the time to live your dream, dream that you have been
putting off as you never had the time for it. But your retirement dream has a
cost attached to it. We call this your retirement number.
To help you achieve your retirement number ICICI Prudential presents to you,
LifeStage Pension. One of the most distinguishing features of this policy is
that it has no premium allocation charge for regular premiums which means
100% of your money is invested. What’s more, the policy provides you with a
unique lifecycle-based strategy that continuously re-distributes your money
across various asset classes based on your life stage and risk tolerance,
eventually providing you with a customized retirement solution. Invest today
to attain your retirement number and fulfill your dreams. Read more about the
features and benefits of this unique pension plan
LIFE STAGE PENSION AT GLANCE
Minimum/Maximum
18 years to 70 years
Entry Age
Maximum Cover
80 years
Ceasing Age
Minimum/Maximum
Policy Term
Minimum/Maximum
Vesting Age
Premium Payment
Monthly, half-yearly, yearly
Frequency
Minimum Premium Rs. 15,000 p.a.
Under Section 80CCC, as per prevailing
Tax Benefit Income Tax laws on premium paid for base
policy.
BENEFITS:-
Option to choose a unique and personalised lifecycle based portfolio strategy
to create ideal balance between Equity and Debt. This plan invests 100% of
your money in the portfolio of your choice Enjoy the flexibility to choose
from 5 pension options through which you can receive your pension.
Opportunity to earn potentially higher returns by investing in Unit Linked
Funds. Receive tax-free commutation up to one-third of the accumulated
value on vesting (retirement) date.Avail tax benefits on premiums paid u/s
80CCC.
PREMIER LIFE PENSION:-
You have strived hard to achieve your dreams and have attained the best comforts
life could offer. After having reached this enviable and secure position, wouldn’t
you like to continue living life on your own terms even after retirement? If you think
so, then you need a retirement solution that not only suits your needs but also lets you
retire RICH.
To help you achieve this, ICICI Prudential Life Insurance presents Premier Life
Pension Plan- a limited premium paying, unit-linked pension policy designed for
preferred customers like you. This unique policy helps you customize your
investments by allowing you to decrease your premium contributions as well as
allowing you to boost your investment kitty by making top-ups at any time. Once
you arrive at your retirement age the accumulated value of your policy provides you
with a regular income (pension) for life.
PremierLife Pension at a glance
Premium Payment Term 3 years 5 years
Minimum Premium Rs 100000 Rs 60000

Minimum Entry Age 18 years 18 years
Maximum Entry Age 70 years 70 years
Minimum Policy Term 10 years 62 years
Maximum Policy Term 10 years 62 years
Maximum/Maximum Age at
50-80 years 50-80 years
maturity
Maximum Sum Assured Zero Sum Assured Policy
Under Section 80 CCC, as per prevailing Income

Tax Benefit Tax Laws on premium paid
BENEFITS :-
1. Flexibility of a limited premium payment term: pay premiums for only 3
years or 5 years.
2. Flexibility to decrease your premiums: reduce your premium contribution

up to the minimum allowed under the chosen premium payment term from the
2nd year onwards.
3. Flexibility to increase your investment:: invest your surplus money over
and above your premiums as top ups, at any time during the policy term.
4. Flexibility to choose your retirement date: choose to start receiving your

pension from anytime between 50-80 years, according to your requirement.
5. Choose from 7 investment funds to invest your money: select from 7

funds, based on your financial goals and risk profile. You can switch funds 4
times a year, at no cost. For subsequent switches you will be required to pay a
switch fee of Rs. 100.
6. Enjoy the flexibility to choose from 5 pension options: through which

you can receive your pension.
7. Tax benefits: receive up to one-third of the accumulated value as a tax-free

lumpsum on your retirement day. Also enjoy tax benefits on the premiums
you pay (under u/s 80 CCC) and tax exemptions on death benefits.
LIFE TIME SUPER PENSION:-

ICICI Prudential's LifeTime Super Pension policy is especially designed to
help you systematically save towards a joyful and satisfying retirement.
LifeTime Super Pension Plan is a cost-effective pension plan that delivers

great value in the long run. A regular-premium unit-linked pension policy,
LifeTime Super Pension ensures you earn a fixed income, for your entire life
after retirement. So you can relax and live moments that truly matter.
Read more about the features and benefits of this unique pension plan.
Premier-Life Pension at a glance
Minimum/Maximum
Entry Age
Maximum Cover
75 years
Ceasing Age
Minimum/Maximum
Policy Term
Minimum/Maximum
Vesting Age
Premium Payment
Monthly, half-yearly, yearly
Frequency
Minimum Premium Rs. 10,000 per annum
Under Section 80CCC, as per prevailing
Tax Benefit Income Tax laws on premium paid for base
policy
ICICI Prudential's LifeTime Super Pension policy is a regular-premium unit-

linked pension policy. When you invest in this policy, you provide yourself
with a guarantee that you will enjoy a fixed income-even when you are no
longer working. Take a look at the additional features of ICICI Prudential's
LifeTime
Super Pension policy:

5 annuity options: Pick one option based on how long you want your annuity
to last and the extent of coverage you want.
7 investment funds: Select among Flexi-Growth, R.I.C.H., Multiplier, Flexi-
Balanced, Balancer, Protector, and Preserver, based on your financial goals
and risk profile. You can switch funds 4 times a year, at no cost. For
subsequent switches you will be required to pay a switch fee of Rs. 100.
2 variations of Sums Assured: Opt for a Zero Sum Assured or a Sum
Assured that can be chosen between a minimum of Rs. 1 lakh and maximum
of the annual premium multiplied by the policy term.
Tax benefits: Receive up to one-third of the accumulated value as a tax-free
lumpsum on your retirement day. Also enjoy tax benefits on the premiums
you pay (under u/s 80 CCC) and tax exemptions on death benefits [under u/s
10 (10 D)].
LIFE LINK SUPER PENSION:-
ICICI Prudential's LifeLink Super Pension Plan has been especially tailored
for individuals who would much rather make a lump-sum investment than pay
premiums at regular intervals for their retirement planning. A cost-effective
single premium unit-linked pension policy, LifeLink Super Pension
Plan provides potentially higher returns that ensure your golden years are
secure and peaceful.
Invest in LifeLink Super Pension Plan today and watch your money
multiply every month, right up to the day you retire. Receive an assured
income from your retirement day, for the rest of your life. Read more about
the features and benefits of this plan.
Read more about the features and benefits of this unique pension plan.
LifeLink Super Pension at a glance

Minimum Premium Rs. 25,000
Minimum/Maximum Entry
18 years – 70 years
Age
Minimum/Maximum Policy
5 years – 57 years
Term
Minimum/Maximum Vesting
Age
Under Section 80 CCC, as per prevailing Income

Tax Benefit
Tax Laws on premium paid
BENEFITS:-
One-time lumpsum payment: Make a single investment of
as little as Rs. 25,000.
7 Investment funds: Select among Flexi-Growth,

R.I.C.H., Multiplier, Flexi-Balanced, Balancer, Protector, and
Preserver, based on your financial goals and risk profile.
Pension options: Out of the five annuity options, pick one

that will best suit your post-retirement requirements.
Pre-decided retirement age: Determine the age at which

you want to start receiving your pensions. The minimum age
of receiving pensions is 45 years.
Switch benefit: Switch between funds anytime to adjust

your portfolio, based on your goals and risk profiles. You can
switch funds 4 times a year, at no cost. For subsequent
switches, you will be required to pay a switch fee of Rs. 100.
Tax benefits: Receive up to one-third of the accumulated

value as a tax-free lump sum on your retirement day. Also
enjoy tax benefits on the premiums you pay (under u/s 80
CCC).
Different policy bought bye customers
35
LIC
30
ICICI
25
No. of Customers
Birla
Sunlife
20
SBI
15
HDFC
10
Bajaj
Alliance
5
TATA
AIG
0 Kotak
Term Plan Endowment Whole life Money Back Retirement Child Plan Unit Link
Plan Mahindr
a
Different Plans ING
Vyasya
Max
Newyork
Met Life
Under insurable Fully insurable
persons persons
82% 18%
Potential of life insurance
Under Insured
82% Fully Insured
18%
Only 42 % people having life insurance but among

them 82% people are underinsurance and only 18%
people are fully insured according to them income
Insurance Plan Market Share
Term Plan 39%
Money back Plan 14%
Endowment Plan 15%
Child Plan 8%
Unit link Plan 24%
Market share of diffrent Insurance plan
Unitlink plan
24% Child Plan
8%
Endownment Plan
15%
Term Plan
39% Moneyback Plan
14%
SUGGESTION
1.) Life insurance has to expand their financial product

base for service orientation.
2) Any company in life insurance has to come with

shorter premium payment term plan related to life
insurance investment.
3) Life insurance company have to be periodically
monitored by central government officially for a
smooth effective running.
4) Brand preference from the customer have to be

taken into consideration for achieving customer
satisfaction &enhancing the professional service
related to life insurance investment.
5) Management has to clear related its investment

option when it comes to public investment.
RECOMMENDATION
1) IRDA has to take steps in insuring maximum to maximum

safety &clarity when its comes to life insurance investment
related to any company operated in India.
2) Company has to take step in order to improve the internal

portfolio related to the investment of the public.
3) An insurance company has to improve on outstanding

claim settlement ratio when it’s come to policy holder claims.
4) Insurance company has to improve on the internal
infrastructure of the organization for giving professional
service to policy servicing.
5) Insurance companies have to work on corporate lines with IRDA & set a
professional image in front of IRDA
CONCLUSION
After Finding’s we can see about LIC features and his The
tendency to take the expedient approach and focus on the far
right of the LIC spectrum, Peacetime Contingency Operations
and conduct training as usual, while briefing that the LIC block
has been checked, will lead us to a possibly fatal false sense
of security.
Instinctive behavior and ingrained training must be adjusted to fit new

circumstances. STXs must be developed locally or borrowed from units
who have already been through the training.
The probability of becoming involved in a LIC operation is high. The
potential to attract international attention, even with limited forces, is
also great. Units have demonstrated that with a balanced training focus
and proper preparation, many pitfalls outlined above can be avoided.
LIC is not conventional warfare. This is critical for the counterinsurgent

to understand. The insurgent’s violent and coercive strategy is applied
so as to achieve political, civil, military and psychological results.
Hence, the counterinsurgent must counter all of these strategic
elements individually. In addition, the target of the insurgent’s violence
and coercion is the population. This is because the population is the
centre of gravity in LIC. Therefore the counterinsurgent must also focus
on the population to be successful. In terms of military principles in
counterinsurgency, doctrinal precision, professionalism, independence,
initiative, force precision, restraint, combined arms, precision
engagement, joint force, effective population based intelligence,
integrated communications, a civil affairs approach and high levels of
training are critical.
So we can say that so many merit’s and Demerit’s in life insurance
Corporation of India.
LIMITATION
The following are the deficiencies or limitations of the study. The study is restricted
to only to INSURANCE COMPANIES
It is restricted to Life Insurance Corporation Of india and ICICIC PRUDENTIAL LIFE

CORPORATION hence the conclusion can be generalised
for all the LIFE INSURANCE COMPANY on one hand for the entire INSURANCEsector on
the other hand.
There can be differences in the monitoring system and policies among the different
Insurance Companies even they are following IRDA norms
This study restricted to only for study purposes not for .OTHER PURPOSES. The whole
data is collected in 40 DAYS.. This is for COLLEGE PURPOSES ONLY.
The whole study is based on LIFE INSURACE CORPORATION OF INDIA LTD AND ICICI
PURDENTIAL LIFE INSURANCE COMPANIES DIFFERENT PORTFOLIO
And Their Benefits with TAX.
BIBLIGAPHY
IMPORTANT WEBSITE:-
 WWW.LICINDIA.COM
 WWW.ICICIPRULIFE.COM
 WWW.GOOGLE.CO.IN
 WWW.WIKIPEDIA.ORG
News Paper
 Business standard
 Times of India
 Economic times
 Hindustantimes
Magazine
 Outlook Express
 Business today
 Finance & Banking
 Money Outlook

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CHAPTER-I

A Project report Submitted to Osmania University,

MOHD SOHEL JINDANI

DEPARTMENT OF MANAGEMENT STUDIES

MRM INSTITUTE OF MANAGEMENT

I hereby declare that this Project Report titled “ PORTFOLIO

MANAGEMENT OF LIFE INSURANCE CORPORATION OF

Management, O.U., Hyderabad, is a bonafide work undertaken by

me and it is not submitted to any other University or Institution for

the award of any degree diploma / certificate or published any time

MOHD SOHEL JINDANI SIGNATURE OF THE STUDENT

This is to certify that the Project Report title

Name and address of the Guide Signature of the Guide

I am thankful to my parents for their love, affection,

It is with great pleasure I expres my gratitude to Mr

CHAPTER 2: PROFILE OF ORGANISATION

CHAPTER 3: REVIEW OF LITERATURE

CHAPTER 5: OBSERVATIONS, & SUGSSIONS

1. WHOLE LIFE PLAN

8. GROUP GRATUITY SCHEME

Primary Data: it has been collected through the guidance of our

Secondary Data: it has been collected through the websites,

books, magazines, newspaper, journals for collecting

Over time, other industry sectors have adapted and applied

LIFE INSURANCE COMPANY OF INDIA LTD

LIC’s corporate office is in Mumbai and it is headed by

LIC’S DIVISIONAL OFFICE:-

LIC’S BRANCH OFFICE:-

LIC in its administrative setup has got maximum to maximum

LIC’S WORK FORCE:-

At the Administrative Level LIC has a employee force of

LIC’S PORTFOLIO:- LIC’S main initiative was mainly to

ICICI Prudential Life Insurance is a joint venture between the

ICICI Prudential Life Insurance Company is a joint venture between ICICI

Established in 1848, Prudential plc. of U.K. has grown to be

ICICI is the no.1 private player in Insurance market in term of

2,34,460 is the number of the Life Advisors that ICICI

FINANCIAL PRODUCT OF LIFE INSURANCE COMPANY OF

1) WHOLE LIFE PLAN:-

This is a with-profit plan and participates in the profits of the Corporation’s

En Total Benefit payable on death / maturity at

1 4444 100000 3900 10800 103900 110800

Mode of Yearly, half-yearly, quarterly, monthly and

1.)WHOLE LIFE POLICY-LIMITED PAYMENT:-

Assured to pay all the premiums during the ordinarily

conditions might become adverse.

With Profits Limited Payments Policies do not cease to

completion of the premium paying period but continue to

Distribution until the death of the Life Assured.The Without-

under Table no. 3.

If the policyholder pays at least 3 years' premiums and then

more premium, a reduced paid-up assurance policy comes

Insurance Regulatory & Development Authority (IRDA) requires all life

Product-summary:- This is a whole of life assurance plan

The Corporation reviews the surrender value payable under its

1 2917 100000 3900 10800 103900 110800

2 5834 100000 7800 21600 107800 121600

3 8751 100000 11700 32400 111700 132400

4 11668 100000 15600 43200 115600 143200

5 14585 100000 19500 54000 119500 154000

6 17502 100000 23400 64800 123400 164800

7 20419 100000 27300 75600 127300 175600

8 23336 100000 31200 86400 131200 186400