JEEVAN ANAND LIFE INSURANCE POLICY BY LIC (table: 149)

Features of plan Jeevan Anand plan is the combination of whole life policy and endowment insurance policy the plan provides the per-decided S.A. and bonus at the end of the stipulated PPT, but the risk cover on the life continues till death. This policy is suitable for the people of all ages and social groups. The policyholder will be benefited by giving protection to their families from a financial setback that may occur owing to their demise The amount assured if not paid by reason of his death earlier will be payable at the end of the endowment term where it can be invested in an annuity provision for the rest of the policyholder's of this plan is moderate premiums, high liquidity, saving oriented. Premiums are usually payable for the selected term of years or until death if it occurs during the term period. Accident benefit is available during engaged in hazardous occupations attracting occupational extra. Plan parameters Age at entry: Min.18 yrs Max. 65 yrs. PPT maturity age: Max. 75 yrs Sum assured: Min. 1,00,000 Max. No. Limit S.A. in multiples: 5000 Term: Min.5 yrs Max. 57 yrs Mode of payment: YLY/HLY/QLY/SSS/MLY Accident benefit: Incl. in. T.P. Policy loan: yes Housing loan: yes Assignment: yes Revival: yes Surrender of policy: yes Term rider: N.A. CIR: yes UNDERWRITING CNDITION Form no: 300 (rev.) Age proof: std/ NSAP- 1,2,3 Female lives category: I/II/III Non-medical (Gen): Allowed Non-medical (Prof): Allowed Non-medical (special): Allowed Actual sum assured: Basic SA Risk coverage: SA+ Bonus Dating back @ 8%: Allowed

BENEFITS Maturity benefit: S.A. +Bonus + FAB, if any is at the end of the premium paying term (PPT) Death benefit: If death occurs during the premium paying term S.A. + Bonus +FAB, if any is payable and premium payment is ceased. An extra amount equal to the S.A. is payable if death occurs after the premium paying term. No bonus is paid on death after the premium paying term. Accident benefit: The double accident benefit is available during the premium paying term and thereafter up to age 70. the premium for this has been built into the tabular premium rate. Example: Mr. Sharad Pawar 25 years, opts for jeevan anand policy for 20 years with S.A. Rs.1 Lac. He has to pay annual premium of Rs.5490/- on maturity, Mr. Sharad Pawar will get Rs.1,98,000/- (S.A. + Bonus as per 2005 rates i.e. Rs.43 per thousand per annum which become 43 x 100 x 20 = 86,000/-). Even after the premium paying term is over, risk cover continues till the death of Mr. Sharad Pawar. But if, Mr. Sharad Pawar dies at the age of 65 years his nominee will get an additional amount equal to the S.A. i. e. Rs.1 Lac in cash, Mr. Sharad Pawar dies during premium paying term his nominee will receive Rs. 1Lac + accumulated Bonus.

JEEVAN MITRA 2 LIFE INSURANCE POLICY BY LIC

Features of plan This plan is suitable for those who want to provide a big S.A. to protect their family in case of unfortunate death. It is persons by marketing executive, sales representatives and traveling person. It cannot be allowed for people engaged in hazardous occupation. This plan is not allowed to non-earning majors including students. Besides the usual benefits offered by any endowment insurance plan, this policy provides an additional insurance cover equal to the S.A. in the event of a policyholder's death during the term of the policy. In other words, the death claim under this policy is twice the basic S.A. Plan parameters Age Entry : Min. 18 yrs L0BD, Max. 50yrs Maturity age: At entryMax.70 yrs. in multiples:: Min. 50,000, Max. No Limit Term: Min.15 yrs, Max.30 yrs Mode of payment: YLY/HLY/QLY/SSS/MLY Accident benefit: Re.1 extra per (Max. 50Lacs 1000 S.A. Inclusive all plan)

Policy lone: yes Housing loan: yes Assignment: yes Revival: yes Surrender of policy: N.A. Term rider: N.A. CIR: Yes Under writing condition Form no: 300 Age proof: std./NSAP-1 Female lives category: I/II Non-medical (Gen): Allowed Non-medical (Prof): Allowed Non-medical (special): Allowed Actual sum assured: Twice of SA Risk coverage: SA+ bonus Dating back@ 8%: Allowed BENEFIT Maturity benefit: S.A.+ bonus + FAB, if any Death benefit: double the S.A. +bonus on the basic SA+FAB, if any Accident benefit: 3 time of the S.A.+ Bonus + FAB, if any. Example: Mr. Shekhar Suman, aged 40 invests Rs.2lac in a annual premium. (T. No-88 with profit) for a term of 20 years, He pays Rs.12332/- as annual premium. On maturity he will get Rs.3,84,000/- [basic S. A . i. e. Rs.2lac+ (accrued bonus i. e. Rs.46 per thousand for 20lac years i.e. 46 x 200 x 20=1,84,000)]. In case he dies due to heart attack after 5 years his nominee will get Rs.4,46,000 (2 time basic S. A. i. e. 4,00,000 + bonus @ 46 per thousand per. As per bonus rate of 2005 i.e. 46 x 200 x 5 = 46,000) In case he dies to accident after 5 years his nominee will get Rs.6,46,000/- (3 time basic S.A. i.e. 6,00,000 + bonus @ 46 per thousand S.A. p.a. as per bonus rate of 2005 i.e. 46 x 200 x 5 = 46,000.

CHILD FUTURE INSURANCE POLICY BY LIC (Table no. 185, with profits)
Features of plan Life Insurance Corporation has introduced a new with profit child future plan (Table No.185) w. e. f. 8th February 2007. this plan meets the increasing educational and other need of growing children providing the risk cover on the child's life during the policy term as will as extended term (i.e. 7 years after the expiry of policy term). Child's father or mother of female category I and II having his/ her own income can be the proposer In the absence of parents legal guarding can be the proposer. If the consent of parent is obtained, the grand parents can propose even if the parents are alive. Premium are payable regularly during the policy term with yearly, half- yearly or quareterly. Premium may be paid either for 6 years or up to 5 years before the policy term. No premium are payable during the extended term (i.e. 7 years after the expiry date). Risk commencement: risk under this plan will commencement either after 2 years from the date of commencement of the policy or from the policy anniversary coinciding with or immediately following the completion of 5 years of age life assured, whichever is later, (if the life assured age at entry is less then or equal to 10 years). In case the age at entry is more then 10 years but less then 12 years, the risk shall commence from the policy anniversary coinciding with or next following 12th birthday of the life assured, in the life assured age 12 years or more, the risk will commence immediately. Plan parameters Age at entry: min. 0 yrs. (LBD) max. 12 yrs (LBD) Maturity age: min. 23 yrs. (LBD) max. 27 yrs (LBD) Sum assured: min. 1lac max.1cror S.A in multiples of: Rs.5000 PPT: 6 yrs. & policy term- 5 yrs Mode of payment: YLY/ HLY/QLY Policy loan: No Housing loan: No Assignment: No by the proposer, but assignable after the policy has vested in the life assured Revival: yes Underwriting conditions Form no: 340/360 Age proof: * Actual sum assured: basic SA Dating back: allowed @ 8% p.a. *Age proof: aged 5 yrs. & above- school certificate

aged less then 5 yrs- certificate from municipal/ local village panchayat records Auto cover: after payment of two full year's premium, if any subsequent premium be not duly paid, full death cover shall continue for a two years from the due date of the first unpaid premium (FUP). PWB, if any shall remain in force during the auto cover period. Benefit Death benefit: on death after the date of risk commencement. 1. if death occurs within the period from the date of risk commencement to 5 years before expiry date of policy term: sum assured + vested simple reversionary bonuses + F.A.B, if any, is payable. I 2. if death occurs within 5 years before the expiry the date of policy term: sum assured + F.A.B if any, is payable. 3. on death during the extended term: sum assured is payable. 4. if death occurs before the date of risk commencement: all the premium paid (excluding premium for extra and PWB, if any) + interest @ 3% p.a. compounding yearly shall be payable. 5. if death occurs during the auto cover period: death benefits after deducting unpaid premium with interest as also the premium falling due before the next bonus, if any. Survival benefit: on life assured survival till the end of the specified durations an amount is payable as survival benefit as under: 5 yrs before the expiry date of policy term: 25% of the SA 4 yrs before the expiry date of policy term: 10% of the SA 3 yrs before the expiry date of policy term: 10% of the SA 2 yrs before the expiry date of policy term: 10% of the SA 1 yrs before the expiry date of policy term: 10% of the SA on the expiry date of policy term: 50% of the S.A + Vested simple reversionary bonus + final additional bonus (FAB, if any. Premium waiver benefit: under this plan (PWB) is available on payment of an additional premium during the premium payable term or till death of the proposer, whichever occurs earlier.
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i) after the date of death of the proposer the premium falling due shall be waived. ii) during the auto cover period the premium waiver benefit shall remain in force. iii) the premium waiver benefit as stated in (i) shall be granted on the basic of proposer age personal health declaration and other requirements. In case any given information is found to be untrue and incorrect, all clime to the benefit shall cease. iv) in the event of the proposer by his own hands whether sane or insane within one yearly from the issuance of FPR the PWB described in (i) and (ii) shall not operate.

Cooling off period: in case the policyholder is not satisfied with the 'terms and condition' of the policy, he/she may return the policy to the corporation within 15 days from date of the policy. Features of plan: Bima Nivesh 2005 is an investment plan with compound rate of guaranteed additions and loyalty additions. It is a single premium, investment plan for those who have no regular income but good periodical income. When term assurance rider is not opted for:
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Proposals under Bima Nivesh- 2005 plan will be considered independently without clubbing the sum under consideration (SUC) with previously accepted proposals. No special report will be called for irrespective of the sum under consideration (SUC). Proposal under Bima Nivesh- 2005 will be considered on the Basic of satisfactory declaration of good health (DGH). Age proof standard or non-standard age proofs are acceptable.

When term assurance rider is opted for: the usual underwriting rules for clubbing, calling general and special reports etc. will apply for the term assurance rider S.A. the term assurance rider S.A will be the sum under consideration (SUC). Plan parameters Age at entry: Min. 13 yrs. Completed Max 70 yrs. Maturity age: Min. 75 yrs Term: 5 & 10 yrs Sum assured: Min 25,000 Max. No. Limit S.A in multiples: 5,000 Mode of payment: Single premium Policy loan: yes Housing loan: yes Assignment: yes Surrender of policy: yes Term ride: yes Underwriting conditions Form no: 300/340 Age proof: std/Non Std Medical exam: not required for (When term assurance Rider is not opted for) Risk coverage: SA + GA Dating back @ 8%: Allowed Benefit Survival benefit: the basic S.A along with compounded G.A will be payable. Note: loyalty addition, if any, will also be added to this benefit.

Death benefit: in case of the unfortunate death of the life assured during the term of the policy, S.A along with the accrued G.A will be payable. Example: 35 years old Mr. Lalu prasad, opts for bima nivesh 2005, S.A 1 Lac for a 10 year term. He pays Rs.97,124/- as single premium. On maturity, he will get Rs.1,70,814/- + loyalty addition, if any. If he dies before maturity, then his nominee will get Rs.1 Lac S.A along with accrued guaranteed addition.

MONEY BACK 20 YEARS INSURANCE POLICY BY LIC

Unlike ordinary endowment insurance plan where the survival benefits are payable only at the end of the endowment period, this scheme provides periodic payments of partial survival benefits as follows during the term of the policy. Of course so long as the policyholder is alive this plan is best suitable for businessmen and professionals. In case of a 20-year money-back policy (table 75), 20% of the S. A. become payable each after 5,10,15 year, and the balance 40% plus the accrued should have attained majority. 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 S.A. without deducting any of the survival benefit amounts, which have already been paid. Similarly, the bonus is also calculated on the full S.A. Plan parameters Age at entry: Min. 13 yrs LBD, Max. 50 yrs (T- 75) Max. 45 yrs (T-93) Maturity age: Max.70 yrs. Sum. in Multiples: 5000, Min. Max No Limit Term: Min. 20 yrs, Max. 20yrs (T-75) Max. 25yrs (T-93) Mode of Payment: YLY/HLY/QLY/SSS/MLY Accident Benefit: Re.1 Extra per (Max. 50 Lac inclusive 1000 S.A. All plan) Policy loan: yes,@ 10.5% Housing loan: yes Assignment: yes Revival: yes Surrender of policy: yes Term rider: yes CIR: yes Underwriting condition

Form no.: 300/340 Age proof: std /NSAP-1,2,3 Female lives category: I/II/III Non-medical (Gen): allowed Non-medical (pro): allowed Non-medical (special): allowed Actual sum assured: basic SA Rusk coverage: SA + bonus Dating back@ 8%: Allowed Benefits Death benefits: payment of full S.A. + bonus on full S.A. + FAB. If any is paid to the nominee The survival benefit already paid, if any is not deducted. Maturity benefit: balance survival benefit + bonus on full S.A. + FAB, if any Example: Ms. Sania Mirza, aged 25 invests Rs.2lac in a money back policy (T.No-75) paying an annual premium of Rs.12,546/- for 20 years period. she receives Rs.40,000 at the end of each 5th, 10th, 15th year. On maturity balance Rs.80,000+ Rs.1,64,000/- (as per bonus rate of 2005 i.e. Rs.41per thousand p.a.)+Rs.4000/- FAB if Ms. Sania dies after 8 year, his nominee will receive S.A. +Bonus without deducting the survival benefit survival benefit already paid to Ms. Sania zxc