PEOPLE : PROCESS : PERFORMANCE

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 The Life Insurance Corporation of India came into existence on 1st September,
1956, with the objective of spreading life insurance more widely and in particular
to the rural areas with a view to reach all insurable persons in the country,
providing them adequate financial cover at a reasonable cost .
From then to now, LIC has crossed many milestones and has set unprecedented
performance records in various aspects of life insurance business. LIC continues
to be the dominant life insurer even in the liberalized scenario of Indian insurance
and is moving fast on a new growth trajectory surpassing its own past records. In
its 60 years of existence, LIC has grown from strength to strength be its customer
base, agency network, branch office network, new business premium and has a
significant role in spreading life insurance widely across the country.

Organizational Structure and Human Resources as on 31.03.2017

Zonal Offices 8
Divisional Offices 113
Branch Offices 2048
Satellite Offices 1408
Mini Offices 1238
Employees 1,15,394
Agents 11,31,181

NEW BUSINESS DURING THE YEAR 2016-17

Policies (In lacs) First Year Premium Income

(Rs in crore)

Composite 201.31 124396.27

Market Share (%) 76.09 71.07

 Life insurance and its 4 benefits

Risk cover Tax benefits

Regular and systematic saving Peace of mind

 LIC’s New Endowment
Table No. 814

Enjoy the double benefits of protec on of your family & savings in with LIC’s New Endowment. A plan
which allows you to be prepared for key milestones of our life. At LIC, we recognize your requirements &
that’s why LIC’s New Endowment plan has inbuilt flexibility so that you can match your policy term &
sum assured with your desired goal. The key benefits of this plan are:

Unique A rac ons

 A flexible plan allows you to align it towards your required goal. Choose Premium Payment Mode, Sum Assured, Tenure
to suit your requirements.

 Enjoy double benefits of savings & protec on plan. Provides Insurance Cover so as to guard your family against any
eventuality. Insurance coverage through out the policy term.

 Growth to your savings with bonuses star ng from the very first year. Final Addi onal Bonus (if any) will also be provid-
ed at the end of the term to boost your wealth.

 Non-linked plan. Free from the risks of Share Market. So that you can enjoy tension free savings.

 Op on to take Policy Maturity Benefit over a period of 2 to 10 years to get regular flow of Income.

 Ensures more value of money with high sum assured rebate & mode rebate.

How to Customize your policy

You can customize your policy to suit your requirement in the following manner:
Step 1: Choose your sum Asssured
Step 2: Choose your Policy Term (PPT)

Your Premium will be based on your current Age, Sum Assured & Policy Term

Benefits Payable
Maturity Benefit
Provided all the premiums are paid, At the end of the tenure, you will receive the Sum Assured chosen by you + accumulated
bonus + FAB (if any). A sample graphical representa on is given on the next page for your reference:

Death Benefit
If all due premiums are paid, then, in case of unfortunate death of the life assured during the policy term, the death benefit
payable will be ‘Sum Assured on Death’ plus accrued bonuses.
Sum Assured on Death will be higher of
I) 5 mes the Annualised premium
ii) 105% of the total premiums paid as on the date of death or
iii) Sum Assured
The policy will terminate immediately on death of the life assured
 New Endowment Plan (Table 814)
Investment Plan Details for ________________

Plan Details Premium Payable Maturity Amount

Age Monthly Sum Assured

Sum Assured Quarterly Bonus
Term Half Yearly Final Additional Bonus
PPT Yearly ----------------------
Maturity Age Per Day Total Returns
Amount Paid
----------------------
Net
Insurance (Natural Death) Profit
Insurance Benefits

Insurance (Accidental Death)

Permanent Accidental Disability

Benefit

Maturity Tax Loan Available Settlement

80 C Tax Benefit
Free After 3 Years Option Available
 How does your Plan Work
Mr. Suresh aged 30 years has taken LIC’s New Endowment Plan & opted for a term of 15 years. The sum assured chosen by
him is Rs. 5,00,000 for which he is paying a premium of Rs. 34035 (plus taxes) yearly. On maturity date, Suresh will receive
Rs. 5,00,000 (the sum assured chosen) plus the accrued vested bonus + FAB. The maturity value as per last LIC’s declared
bonus rates will be 7,95,000.

7,95,000

In case of unfortunate death of Mr. Suresh in the 3rd policy year, the nominee will receive Rs.7,95,000 as Death Benefit.

Eligibility Condi ons

Accidental Death: Rs. 10,57,000
Rs. 5,57,000

Eligibility Conditions
Entry Age (Min) : 8 years (completed)
Entry Age (Max) : 55 years (nbd)
Max Maturity Age : 75 years (nbd)

Min Term : 12 years

Natural Death:

Max Term : 35 years

Paid
Min Sum Assured : Rs. 100,000
1,36,140
Max Sum Assured : No Limit
(SA in multiples of 5000)

High SA Rebate & Mode Rebate

High Sum Assured Rebate: Mode Rebate:

Basic Sum Assured (B.S.A) Rebate (Rs.) Yearly mode - 2% of Tabular Premium
1,00,000 to 1, 95,000 - Nil Half-yearly mode - 1% of Tabular premium
2,00,000 to 4, 95,000 - 2.00 %o B.S.A. Quarterly - NIL
5,00,000 and above - 3.00%o B.S.A. ECS & Salary deduction - NIL
 Mode of Payment & Grace Period
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through ECS only) or through salary de-
duc ons over the term of policy.
However, a grace period of one month but not less than 30 days will be allowed for payment of yearly or half-yearly or quar-
terly premiums and 15 days for monthly premiums.

What happens if unable to pay premiums?

If you have not paid first 3 years’ premiums in full, then, your policy will immediately lapse at the expiry of the grace peri-
od. You may revive your lapsed policy during the revival period of 2 years from the due date of first unpaid premium, subject
to the revival condi ons under the plan.
If at least three full years’ premiums have been paid and any subsequent premiums be not duly paid, this policy shall not be
wholly void, but shall con nue as a paid-up policy. The Basic Sum Assured under the policy shall be reduced to such a sum,
called Paid-up Sum Assured

Surrender Value
The policy can surrendered for cash provided atleast three full years’ premiums have been paid. The Guaranteed Surrender
value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if
opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.

Loan
Loan can be availed under the policy provided a er 3 years. Loan amount shall be 90% of the surrender value. Presently rate
of interest of Loan is 10% pa payable half yearly.

Op on to receive maturity in installments

You can get a regular stream of income by op ng for se lement (for 2-10 years) of your maturity value. Please note that this
is not a standard policy feature & you have to in mate LIC office 6 months prior to your maturity date in wri ng.

Free Look Period

Policyholder can return the policy within 15 days of receipt of Policy Document, if he is not sa sfied with the “Terms & Con-
di ons” of the Policy. On receipt of the same the Corpora on shall cancel the policy and return the amount of premium de-
posited a er some deduc ons.

Agent training material. This is not a sales brochure.

 New Jeevan Anand (Table 815)
(Zindagi ke saath bhi, Zindagi ke baad bhi – LIC Jeevan Anand)

Investment Plan Details for ________________

Basic Details Premium Payable Maturity Amount

Age Monthly Sum Assured

Sum Assured Quarterly Bonus
Term Half Yearly Final Additional Bonus
PPT Yearly ----------------------
Maturity Age Per Day Maturity 1
Maturity 2
----------------------
Total
Amount Paid
Net
----------------------
Profit

Insurance (Natural Death)

Insurance (Accidental Death)
Permanent Accidental Disability Benefit
Insurance
Benefits

After Maturity
Insurance (Natural Death)
Insurance (Accidental Death)

Maturity Tax Loan Available Settlement

80 C Tax Benefit
Free After 3 Years Option Available
LIC's New Jeevan Anand Plan is a with profit plan which offers an a rac ve combina on of protec on
and savings. This combina on provides financial protec on against death throughout the life me of the
policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of
his/her survival. This plan also takes care of liquidity needs through its loan facility.

Eligibility Condi ons

Key Benefits Age : 8—55 years
 Provides double maturity. (One for yourself & one for Max Maturity Age : 75 years (nbd)
your family)
 Risk cover for whole life Term : 12 -35 years
 25% extra insurance free during chosen policy term. Min Sum Assured : Rs. 100,000
 A good policy to create wealth & pass on to next gen- Max Sum Assured : No Limit
era on hassle free.
(SA in multiples of 5000)
Sample Illustra on
Ravi aged 30 years has taken LIC’s New Jeevan Anand policy for a Term of 15 years. The Sum Assured chosen by him is
Rs.10,00,000. He is paying a premium of Rs. 78,801 (plus taxes) yearly for premium paying term of 15 years. At the end of
the term, Ravi will receive Rs. 16,50,000 as Maturity Value. His Premiums will stop. A er the end of the term, there shall be
a free insurance cover. Basic Sum Assured Rs. 10,00,000 will be paid LIC (when policyholder a ains age 100 or his death)
whichever is earlier.

No Premium,10 Lacs cover continues

Death Benefit during Policy Term

New Jeevan Anand provides 25% extra insurance cover to the Policyholder during he Policy Term. For a basic sum assured
Rs.10,00,000 the nominee will receive Rs. 12,50,000 + Bonus + FAB (if any) in case of Natural Death. In case of Accidental
Death (if rider opted for) the death benefit will be Rs. 22,50,000 + Bonus + FAB (if any). The policy shall end there & no fur-
ther benefits shall be payable.
Agent Training Material
Premiums shown are exclusive of Service Tax
Maturity Value & Death Benefits shown here are
based on Latest Bonus Rates Declared by LIC

Natural Death: 12,50,000+Bonus+FAB (if any)

Accidental Death : 22,50,000+Bonus+FAB (if any)
 Eligibility Condi ons
Minimum Basic Sum Assured : Rs. 100,000
Maximum Basic Sum Assured : No Limit
(The Basic Sum Assured shall be in multiples of Rs. 5000/-)

Minimum Age at entry : 18 years (completed)

Maximum Age at entry : 50 years (nearest birthday)
Maximum Maturity Age : 75 years (nearest birthday)

Minimum Policy Term : 15 years

Maximum Policy Term : 35 years

Mode of Payment & Grace Period

Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through ECS only) or through salary de-
duc ons over the term of policy.

However, a grace period of one month but not less than 30 days will be allowed for payment of yearly or half-yearly or quar-

What happens if unable to pay premiums?

If you have not paid first 3 years’ premiums in full, then, your policy will immediately lapse at the expiry of the grace peri-
od. You may revive your lapsed policy during the revival period of 2 years from the due date of first unpaid premium, subject
to the revival condi ons under the plan.
If at least three full years’ premiums have been paid and any subsequent premiums be not duly paid, this policy shall not be
wholly void, but shall con nue as a paid-up policy. The Basic Sum Assured under the policy shall be reduced to such a sum,
called Paid-up Sum Assured

Surrender Value
The policy can surrendered for cash provided atleast three full years’ premiums have been paid. The Guaranteed Surrender
value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if
opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.

Loan
Loan can be availed under the policy provided a er 3 years. Loan amount shall be 90% of the surrender value. Presently rate
of interest of Loan is 10% pa payable half yearly.

Op on to receive maturity in installments

You can get a regular stream of income by op ng for se lement (for 2-10 years) of your maturity value. Please note that this
is not a standard policy feature & you have to in mate LIC office 6 months prior to your maturity date in wri ng.

Free Look Period

Policyholder can return the policy within 15 days of receipt of Policy Document, if he is not sa sfied with the “Terms & Con-
di ons” of the Policy. On receipt of the same the Corpora on shall cancel the policy and return the amount of premium de-
posited a er some deduc ons.

Agent training material. This is not a sales brochure.

Why Buy This Plan

If you want your children to outshine your dreams, this plan is for you. LIC Jeevan Lakshya Plan makes provi-
sion for your children’s important milestones and also ensures that their future remains secured, come what
may. You should purchase this plan if you:

 Want to financially secure your child’s future, irrespec ve of any future con ngencies
 Want to save money systema cally to create wealth for your child’s future financial need
 Tax benefits as per prevailing tax laws.

Key Benefits

 Financial security for your child’s educa on by triple benefit insurance coverage on your life,
 Op on to enhance your coverage with rider benefits
 Guaranteed maturity/death benefit of 110% of the sum assured
 Choice of policy terms from 13 to 25 years to suit your needs.
 No Premium is payable in last 3 years of Policy.
 More value for money with high Sum Assured rebate on premium

Sample Illustra on
Ravi aged 30 years has taken a Jeevan Lakshya policy for a Policy Term of 20 years. The Sum Assured chosen by him is
Rs.10,00,000. He is paying a premium of Rs.55,283 (plus taxes) yearly for premium paying term of 17 years. On maturity date,
Ravi will receive Rs.19,70,000 (consis ng of Sum Assured 10 Lacs + Bonus 9,00,000 + FAB 70,000)

On Survival of Mr. Ravi ll the end of the term:

 Jeevan Lakshay (Table 833)
Investment Plan Details for ________________

Basic Details Premium Payable Maturity Amount

Age Monthly Sum Assured

Sum Assured Quarterly Bonus
Term Half Yearly Final Additional Bonus
PPT Yearly ----------------------
Maturity Age Per Day Maturity 2
Total Paid
----------------------
Net
Profit

Basic Plan With Term Rider

Insurance (Natural Death)

Insurance (Accidental Death)

Insurance

Waiver of Premium
Benefits

Family Income Benefit

Maturity Value

Loan Settlement
Premium 80-C Tax Maturity Tax
Available Option
Holiday Benefit Free
After 3 Years Available
 In case of unfortunate death of Ravi in the 3th policy year, his nominee will receive:

(Benefit No. 1) (Immediate Support)

If Term Rider is availed If Term Rider is not availed

In case of Natural Death Term Rider SA 10,00,000 No Immediate Payment

In case of Accidental Death Term Rider SA + Accident Rider SA Accident Rider SA 10,00,000
10 Lacs + 10 Lacs = Total 20 Lacs

(Benefit No. 2) (Waiver of Premiums)

All the further premiums a er the death of Mr. Ravi will be waived. So that nominee is not burdened with Premium payment liabili es
a er Mr. Ravi’s death.

(Benefit No. 3) (Family Income Benefit)

Mr. Ravi’s nominee will receive Family Income Benefit Rs. 1,00,000 (10% of Sum Assured) on every policy anniversary falling a er the
death ll the end of policy term. The money can be u lized to con nuing educa on for the child.

(Benefit No. 3) (Guarnteed Maturity Benefit)

At the end of the policy term, nominee will receive 110% of Sum Assured alongwith Bonus & FAB. The money can be u lized to fund
higher educa on or start of business or career.
 Eligibility Condi ons
Eligibility Conditions and Other Restrictions:

Minimum Age at entry : 18 years (completed)

Maximum Age at entry : 50 years (nearest birthday)
Maximum Maturity Age : 65 years (nearest birthday)

Minimum Term : 13 years (PPT 10 Years)

Maximum Term : 25 years (PPT 22 Years)
Minimum Basic Sum Assured : Rs. 100,000
Maximum Basic Sum Assured : No Limit (The Basic Sum Assured shall be in multiples of Rs. 10,000/-)

Mode of Payment & Grace Period

Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through ECS only) or through salary de-
duc ons over the term of policy.

However, a grace period of one month but not less than 30 days will be allowed for payment of yearly or half-yearly or quar-

What happens if unable to pay premiums?

If you have not paid first 3 years’ premiums in full, then, your policy will immediately lapse at the expiry of the grace peri-
od. You may revive your lapsed policy during the revival period of 2 years from the due date of first unpaid premium, subject
to the revival condi ons under the plan.
If at least three full years’ premiums have been paid and any subsequent premiums be not duly paid, this policy shall not be
wholly void, but shall con nue as a paid-up policy. The Basic Sum Assured under the policy shall be reduced to such a sum,
called Paid-up Sum Assured

Surrender Value
The policy can surrendered for cash provided atleast three full years’ premiums have been paid. The Guaranteed Surrender
value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premiums for riders, if
opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.

Loan
Loan can be availed under the policy provided a er 3 years. Loan amount shall be 90% of the surrender value. Presently rate
of interest of Loan is 10% pa payable half yearly.

Op on to receive maturity in installments

You can get a regular stream of income by op ng for se lement (for 2-10 years) of your maturity value. Please note that this
is not a standard policy feature & you have to in mate LIC office 6 months prior to your maturity date in wri ng.

Free Look Period

Policyholder can return the policy within 15 days of receipt of Policy Document, if he is not sa sfied with the “Terms & Con-
di ons” of the Policy. On receipt of the same the Corpora on shall cancel the policy and return the amount of premium de-
posited a er some deduc ons.

Agent training material. This is not a sales brochure.