Plan 122 PDF

JEEVAN SURAKSHA PLAN NO-.
122
Deferred Annuity With/ Without Life cover / with terminal bonus
Plan introduced on 15.08.1996 / plan withdrawn w.e.f. 25.12.2001
“ Be at 60 what you are at 30 “. One needs to make financial provisions to cover both-- the
risk of dying early as well as the risk of living too long. LIC’s Pension Plan Jeevan Suraksha
helps, ensure pleasant and self-reliant life , even after retirement. This plan is intended to help
individuals to provide for retirement income through savings during their working life.
This plan provide pension form a chosen retirement date with life cover providing at least
50% of the target pension to spouse on his/her death during deferment period, provided policy
is with life cover & in force as on death. Life assured is also allowed to have plan without life
cover, provided:
1. He is uninsurable
2. Adequately insured i.e. for sum assured 5 lacs and above
3. Age above 50 yrs last birthday
However under without life cover policies there is no such provision of paying at least 50% or
more target pension to spouse, but premiums paid are refunded to spouse/ nominee if life
assured expired within deferment period.
Under above plan on 1.07.2000, the premiums and annuity rates were revised (proposal
introduced up to 30.06.2000 were allowed to completed up to 31.07.2000). There was
difference in calculation of premiums before and after above date.
I. Policies issued between 15.08.1996 to 30.06.2000 : Tabular annual premium per

1000 NCO are given separately for each mode pf payment i.e. (YLY/ HLY/ QLY/
SSS(MLY). Pension rate per 1000 NCO for various pension option was given.
Hence no mode rebate on tabular premium was allowed. Only large premium
rebate in excess of 10000/- was allowed. When policies issued between these dates
will vest, Annuity rates available as per table given are applicable.
II. Policies issued between 1.07.2000 to 25.12.2001 : Refer CO/ACTL/1718/4 dated
07.06.2000. As per this circular different tabular premiums for different NCO
groups per 1000 NCO are given. First we have to find out for given premium
amount, which NCO group will be right. If the calculated NCO works correct, then
chosen tabular premium will be correct, otherwise try next NCO group. What you
will obtain will be tabular premium for without life cover. Then obtain, tabular
annual premium per 1000 NCO for the life cover for given age & deferment
period. Add together the premium rates obtained for without & with life cover as
above. Now allow the mode rebate & staff rebate, if applicable, to get the premium
rates.
As per the circular, for policies issued between 01.07.2000 to 24.12.2001,
revised annuity rates of table no 145 i.e. New Jeevan Dhara Plan are applicable &
NOT of earlier. Kindly note that for policies issued before this period, annuity
rates of table 145 are not applicable.
The annuity rates of table no 145 i.e. New Jeevan Dhara for 15 years certain and
life thereafter will be applicable at the time of issue of policy. This means that if
life assured do not exercised any option of pension before 6 months of annuity
vests or at the proposal stage, and then he will be given pension at above rates/.
This rate will be also taken into account for stamping of policy.
Policy stamps = _monthly annuity * 180 months (15*12)

1000
= Total product of above * .20 paise
= Policy stamps in next rupee.

A. SYNOPSIS OF PLAN
FUNDING APPROCH (1) (2) (3) (4)
Single With life Without Endowment
premium cover life cover Approach
MINIMUM AGE AT 30 LBD 25 LBD 25 LBD 25 LBD
ENTRY
MAXIMUM AGE AT 60 LBD 65 LBD 65 LBD 65 LBD
ENTRY
MINIMUM VESTING AGE 55 LBD 55 LBD 55 LBD 55 LBD
FOR ANNUITY
MAXIMUM VESTING AGE 70 LBD 70 LBD 70 LBD 70 LBD
FOR ANUITY
MINIMUM DEFERRMENT 5 YRS 5 YRS 5 YRS 5 YRS
PERIOD
MAXIMUM 30 YRS 35 YRS 35 YRS 35 YRS
DEFERREMENT PERIOD
SUM ASSURED – - - - 50000 & IN
MINIMUM MULTIPLE
OF 10000
MODE OF PAYMENT OF SGL ALL ALL ALL
PREMIUM
MINIMU INSTALLMENT 5000.00 YLY 1800 1800 2400
PREMIUM HLY 900 900 1200
QLY 450 450 600
MLY 150 150 200
SSS 150 150 200
MODE OF ANNUITY MONTHLY MONTHLY MONTHLY MONTHLY
PAYMNET
MINIMUM ANNUITY RS. 250 RS. 250 RS. 250 RS. 500
INSTALLMENT P.M. P.M. P.M. P.M.
MODE REBATE ON TAB
PREMIUM
FOR POL ISSUED UPTO NIL NIL NIL NIL
30.06.2000
MOD REBATE ON TAB YLY 5% YLY 5% YLY 3 %
PREMIUM FOR POLICIES NIL HLY 2.3% HLY 2.3% HLY 1.5%
ISSUED BETWEEN QLY 1% QLY 1% QLY NIL
01.07.2000 TO 24.12.2001 SSS NIL SSS NIL SSS NIL
MLY 5% MLY 5% MLY 5%
EXTRA EXTRA EXTRA
LARGE SUM ASSURED NIL NIL NIL AS PER
REBATE PLAN 11
LARGE POLICIES REBATE 1.5% OF 1.5% OF
IF PREMIUM EXCEED THE THE
10000 FOR POLICIES NIL ANNUAL ANNUAL NIL.
ISSUED BETWEEN PREMIUM PREMIUM
15.08.96 TO 30.06.2000 IN IN
EXCESS EXCESS
OF 10000. OF 10000.
LARGE PREMIUM
REBATE IF PREMIUM
EXCEED RS.10000 FOR NIL NIL NIL NIL
POLICIES ISSUED AFTER
01.07.2000
GAURENTEED ADDITION NO NO NO 75%0
LOYALTY ADDITION NO NO NO YES ,ON
VESTING
FINAL ADDITIONAL OR YES YES YES NO

TERMINAL BONUS
FEMALE CATEGORY ALL I & II I,II,III I & II
B. FUNDING APPROCH AVAILABLE UNDER PLAN
:
Funding approach means the ways available under the plan to pay the premium. At present
following four funding approach are available.
1. Single premium without life cover ( w.e.f.. 15.01.1998)

2. Annual premium with life cover providing 50% or more of the targeted
annuity to the spouse on the death of purchaser before vesting, if policy is in
force.
3. Annual premium without life cover
4. Endowment type of plan with Guaranteed Addition & Loyalty Addition (
w.e.f. 1.07.1998)
Under approach 1, Tabular Premium ( Single Premium) is given for deferment period per
1000 NCO. This is revised w.e.f. 1.07.2000 where single premiums for different Groups of
NCO are given.
Under approach 2 & 3, Tabular Premium payable YLY/HLY/QLY/MLY are given for age
at entry & different deferment periods for per 1000 NCO. This premium rates are revised
w.e.f. 01.07.2000 where Annual Premium for without life covers are given for deferment
period & different Notional Cash Option Groups. For With life Cover, Tabular Premiums for
age at entry & deferment period are given.
Under approach no 4, Tabular Premiums are given for various age at entry & deferment
period for sum assured of 1000/- This is also revised w.e.f. 01.07.2000.
C. PENSION ( ANNUITY ) OPTIONS :

UNDER THE Jeevan Suraksha Plan, on survival of the annuitant ( life assured ) to the vesting
date, he will be entitled to receive a pension based on Notional Cash Option ( if policy in
force or premiums for deferment period are fully paid) or Reduced National Cash Option (
if policy had become paid up ) under funding approach 1, 2 & 3. Under approach 4, pension
will base on maturity claim.
If annuitants exercise the option to receive 25% of the NCO or the RNCO in lump sum, then
pension/annuity will be calculated on balance NCO/RNCO. The 1st annuity installment will be
paid one month after the policy anniversary following the attainment of vesting age.
The different options are as follows:

(For policies issued between 15.08.96 to 30.06.2000):
1. OPTION A: pension for life to Purchaser
2. OPTION B: Pension Guaranteed for 5 yrs and life thereafter
3. OPTION C: Pension Guaranteed for 10 yrs and life thereafter.
4. OPTION D: Pension Guaranteed for 15 yrs and life thereafter.
5. OPTION E: Pension for life to the Purchaser, reducing to 50% to the spouse on the
death of the Purchaser.
6. OPTION F: Pension for life with return of purchase price on death of the Pensioner/
Annuitant( option made available from 02.06.98 )
( For Policies issued from 01.07.2000 to 24.12.2001)
As per CO Circular Ref : Act/1718/4 dated 07.06.2000 ( effective from 1.07.2000) it has been
decided to allow the following options to the annuitants under Table no 122 with regard to
benefits available on vesting i.e. for policies issued form 01.07.2000 to 24.12.2001 following
options of pension are available.
= To avail revised annuity rates under Tabke145 i.e. New Jeevan Dhara Plan from
Option A to F.
Or purchase annuity on the basis of prevailing annuity rates at the time of vesting,
whichever is favourable.
If the Annuitant had exercised the option of pension at the time of proposal and he do not
want to change the same, then the pension will be calculated as per already chosen option &
will be paid accordingly. If he had not exercised option at the time of proposal or even
otherwise also, office will inform the various options 6 months before the vesting of the
annuity.
If the Annuitant had not exercised any option i.e. minimum 6 months before the date of
vesting, then it will be presumed that he had exercised the OPTION D i.e. Pension Guaranteed
for 15 yrs and life thereafter.
The annuity will be payable monthly. The 1st annuity installment will be paid one month after
the policy anniversary following the attainment of the vesting age (LBD).
For example:
Date of commencement 07.05.1999
Plan & Deferment Period 122-13
Mode of premium payment Yearly
Due date of last premium payment 07.05.2011
Date on which Annuity vests 07.05.2012
Date on which 1st annuity installment will be paid 07.06.2012
If monthly pension after commutation of 25% NCO or in case of paid up policy RNCO, is less
than the minimum required, the Corporation will have the right to change the mode of
payment of annuity to Yearly, Half-Yearly or Quarterly.
Option of annuity once exercised will be final, no change is allowed in future.
D. Paid up Value :
If after at least three full years premium have been paid & any subsequent premium be not
duly paid, policy will lapse and if not revived within deferment period will acquire paid
up value.
If policy have acquired paid up value then only policyholder will receive reduced pension
at reduced Notional Cash Option ( RNCO ) at the time of vesting. The option of
commutation of 25% of RNCO will be available to policyholders. Such paid up policies
will not be eligible for terminal Bonus.
Paid up value will be calculated under different funding approach as follows :
Funding Approach 1 : ( i.e. Single Premium )

Under this option being single premium, no question will arise about lapse of policy.
Hence paid up value will be always Notional Cash Option.
Funding Approach 2 : (i.e. with & without life cover )

Under this approach, after paying premiums for at least three years, further premiums have
not been paid, then on the date of vesting, Notional Cash Option will be reduced as under :
Reduced Notional Cash = No. of years premiums paid X Notional Cash

Option No. of years premium payable Option
(i.e. deferment period )
On such RNCO, annuity as per chosen annuity option will be calculated. If policyholder
chooses the option of commutation of 25% of RNCO, then annuity will be calculated on 75%
of RNCO. However, such reduced annuity should be at least Rs. 250/- per month. Otherwise
mode of annuity will be changed.
Under approach 2, if premiums are not paid within days of Grace, life cover will cease. No
claim concession is applicable.
1. for policies issued in between 15.08.1996 to 30.06.2000 :
Pension per annum payable monthly for Notional Cash Option of Rs. 1000/- is as follows :
Age of L.A.
On vesting Pension Option Available to Annuitants
of Annuity
( L.B.D.) A B C D E F
55 121.90 120.80 118.10 114.90 115.00 103.60
56 123.50 122.20 119.20 115.60 116.00 103.70
57 125.20 123.70 120.20 116.30 117.10 103.80
58 126.90 125.20 121.40 117.00 118.30 103.90
59 128.80 126.90 122.50 117.70 119.60 104.00
60 130.80 128.60 123.70 118.40 120.90 104.10
61 132.90 130.40 125.00 119.10 122.40 104.20
62 135.20 132.30 126.20 119.80 123.90 104.30
63 137.60 134.30 127.60 120.60 125.60 104.40
64 140.10 136.40 128.90 121.30 127.30 104.60
65 142.80 138.70 130.30 122.00 129.20 104.70
66 145.80 141.00 131.70 122.70 131.20 104.90
67 148.90 143.50 133.20 123.40 133.40 105.10
68 152.20 146.10 134.70 124.00 135.70 105.20
69 155.80 148.90 136.20 124.60 138.20 105.40
70 159.60 151.80 137.70 125.20 140.90 105.60
2. for policies issued between 01.07.2000 to 24.12.2001 :

Revised annuity rates of Plan No 145 i.e. New Jeevan Dhara Plan are applicable for
policies issued between above period. (CO circular dated 07.06.2000 Ref:
CO/Act/1718/4.)
For annuity rates under different options, kindly refer Plan No 145.
These annuity rates are divided into three groups (1) 1 to 5 years (2) 6 to 10 years
(3) 11 years & above
Funding approach 4 : ( i.e. Endowment )

Under Endowment type of funding approach, paid up value will be calculated as per Plan
14, i.e.
Paid up Value = no. of years premium paid x sum assured

No. of years premium payable
In paid up value, accrued Guaranteed Addition for completed number of years premium
paid will be added. W.E.F.-------guaranteed addition for no of premiums paid partly for
the respective year is also payable. From this amount (paid up +guaranteed addition)
annuity as per selected option of pension will start after date of vesting. Option of
commuting 25% of above amount is also available.
However, minimum pension amount per, month should be Rs. 500/-. If annuity is less than
minimum required, then mode of payment of pension will be adhered from monthly to
YLY / HLY or QLY.
E. 1) Special Surrender Value : ( before vesting only )

Special surrender value will be available before the date on which annuity vest . No
surrender value will be available on or after vesting of annuity.(co/act/2023 dt 8/7/2005)

1. SSV under funding approach 1 : SINGLE PREMIUM
Till date, no SSV scales are declared for single premium Jeevan Suraksha Policies without
life cover. Now as per CO circular dated 21.05.2003 Ref: CO/Act/1875/4, SSV factors are
declared.
Step I : Find outstanding deferment period as on date of surrender, round to nearest quarter
( date of vesting – date of surrender ) I.E 45 days means 1 quarter, 4 months 14 days means 1
quarter, 4 months 15 days means 2 quarter,
Step II : Find the appropriate SSV factor corresponding to the O/s deferment period by
referring to ann.
Step III : Special surrender Value = Actual Cash Option X SSV factor
Special Surrender Value should be rounded off to the nearest Rupee.
2. under funding approach 2 & 3 : ( with & without life cover )

As per CO circular dated 17.12.1996 ref CO/Act/1598/4, Special Surrender Value will be
available, provided at least 2 full years premiums have been paid under the policy and 2
policy years have been completed from the date of commencement of the policy.
For the purpose of Special Surrender Value, Reduced Notional Cash Option ( RNCO ) will be
RNCO = Notional Cash X No. of years premium paid

Option No of year’s premium payable
for calculating Special Surrender Value :

Step I : Calculate Reduced Notional Cash Option (RNCO) as above.
Step II :
Find outstanding deferment period as on date of surrender i.e.
O/S deferment Period = ( date of vesting – date of surrender )
Period to be rounded off to the nearest Quarter .i.e.
10 yrs 4 months 14 days will be =10 years 3 months
10 yrs 4 months 15 days will be= 10 years 6 months
10 yrs 10 months will be =10 years 9 months.
Step III : Find out appropriate special surrender value factor as per scale (Ann. I ) chart
enclosed.
Step IV : SSV = RNCO x SSV factor

Amount to be rounded off to the nearest Rupee.
i.e. 6162.50 will be 6163/-
6162.49 will be 6162/-.
Some examples are also given.
Co circular Actl/1875/4dated 21.05.2003,Annexure for single premium

Annexure I ssv factors applicable to with & without life cover plan
Annexure II illustrated examples
3. Funding approach 4 : ( i.e. Endowment )
Under Endowment type of funding approach, special surrender value will be calculated as per
plan 14. The procedure will be as per follows-
Step I : calculate paid up value as per plan 14.
Step II: calculate accurued Guaranteed Addition @ Rs. 75/- per 1000sum assured for no.of
years premiums paid (for fraction of months premium paid , guaranteed addition will be paid
proportionately )
Step III: SSV = ( paid up value + Guaranteed Addition ) x S.V.factor
Step IV: Refer S.V.Table no 1A for S.V.Factor.
Step V: SSV will be roundeed to next 10 paise.

SPECIAL SURRENDER VALUE FACTORS UNDER JEEVAN SURAKSHA -122
FOR SINGLE PREMIUM POLICIES ONLY. I.E FUNDING APPROACH -1
(CO/ACT/1875/4 DT 21/5/2003) O/S DEFERMENT PERIOD AS ON DATE OF
SURRENDER SHOULD BE ROUNDED TO THE NEAREST QUARTER
O/S O/S O/S

deferment SSV deferment SSV deferment SSV
period as on FACTOR period as FACTOR period as FACTOR
date of on date of on date of
surrender surrender surrender
Upto 44 days 0.98987 10.25 0.28572 20.50 0.08164
0.25 quarter 0.96991 10.50 0.27713 20.75 0.07918
0.50 quarter 0.94072 10.75 0.26879 21.00year 0.07680
0.75 quarter 0.91241 11.00 year 0.26070 21.25 0.07449
1.00 year 0.88496 11.25 0.25285 21.50 0.07225
1.25 0.85833 11.50 0.24524 21.75 0.07007
1.50 0.83250 11.75 0.23786 22.00 year 0.06796
1.75 0.80744 12.00 year 0.23071 22.25 0.06592
2.00 year 0.78315 12.25 0.22376 22.50 0.06393
2.25 0.75958 12.50 0.21703 22.75 0.06201
2.50 0.73672 12.75 0.21050 23.00 year 0.06014
2.75 0.71455 13.00 year 0.20416 23.25 0.05833
3.00 year 0.69305 13.25 0.19802 23.50 0.05658
3.25 0.67219 13.50 0.19206 23.75 0.05488
3.50 0.65197 13.75 0.18628 24.00 year 0.05323
3.75 0.63235 14.00 year 0.18068 24.25 0.05162
4.00 year 0.61332 14.25 0.17524 24.50 0.05007
4.25 0.59486 14.50 0.16997 24.75 0.04856
4.50 0.57696 14.75 0.16485 25.00 year 0.04710
4.75 0.55960 15.00 year 0.15989 25.25 0.04568
5.00 year 0.54276 15.25 0.15508 25.50 0.04431
5.25 0.52643 15.50 0.15041 25.75 0.04298
5.50 0.51059 15.75 0.14589 26.00 year 0.04168
5.75 0.49522 16.00 year 0.14150 26.25 0.04043
6.00 year 0.48032 16.25 0.13724 26.50 0.03921
6.25 0.46586 16.50 0.13311 26.75 0.03803
6.50 0.45185 16.75 0.12910 27.00 year 0.03689
6.75 0.43825 17.00 year 0.12522 27.25 0.03578
7.00 year 0.42506 17.25 0.12145 27.50 0.03470
7.25 0.41227 17.50 0.11780 27.75 0.03366
7.50 0.39986 17.75 0.11425 28.00 year 0.03264
7.75 0.38783 18.00 year 0.11081 28.25 0.03166
8.00 year 0.37616 18.25 0.10748 28.50 0.03071
8.25 0.36484 18.50 0.10424 28.75 0.02978
8.50 0.35386 18.75 0.10111 29.00 year 0.02889
8.75 0.34321 19.00 year 0.09806
9.00 year 0.33288 19.25 0.09511
9.25 0.32287 19.50 0.09225
9.50 0.31315 19.75 0.08947
9.75 0.30373 20.00 year 0.08678
10.00 year 0.29459 20.25 0.08417
SURRENDER VALUE FACTORS IN THE LAST YEAR OF POLICY TERM UNDER JEEVAN SURAKSHA
PLAN 122 WITH ENDOWMENT FUNDING APPROACH
OUTSTANDING DEFEREMENT PERIOD SSV FACTOR
( DATE OF VESTING – DATE OF SURRENDER)
----------------------------------------------------------------------------------------------------------------
1) more than 9 months to 1 year 0.91743
2) more than 6onths to 9 months 0.93741
3) more than 3 months to 6 months 0.95783
4)46 days to 3 months 0.97869
5) upto 45 days 0.98929
SPECIAL SURRENDER VALUE FACTORS UNDER JEEVAN SURAKSHA -122
FOR ANNUAL PREMIUM POLICIES ONLY. FOR BOTH WITH OR
WITHOUT LIFE COVER = FUNDING APPROACH -2 AND 3.
(CO/ACT/1598/4 DT 17/12/1996) O/S DEFERMENT PERIOD AS ON DATE OF

SURRENDER SHOULD BE ROUNDED TO THE NEAREST QUARTER
O/S O/S O/S

deferment SSV deferment SSV deferment SSV
period as on FACTOR period as on FACTOR period as FACTOR
date of date of on date of
surrender surrender surrender
Yrs months Yrs months Yrs months
Upto 44 days 0.99284 12 3 0.34796 25 6 0.11100
0 3 0.97869 12 6 0.34054 25 9 0.10871
0 6 0.95783 12 9 0.33328 26 0 0.10639
0 9 0.93741 13 0 0.32618 26 3 0.10412
1 0 0.91743 13 3 0.31923 26 6 0.10191
1 3 0.89788 13 6 0.31242 26 9 0.09973
1 6 0.87874 13 9 0.30576 27 0 0.09761
1 9 0.86001 14 0 0.29925 27 3 0.09553
2 0 0.84168 14 3 0.29287 27 6 0.09349
2 3 0.82374 14 6 0.28663 27 9 0.09150
2 6 0.80618 14 9 0.28052 28 0 0.08955
2 9 0.78900 15 0 0.27454 28 3 0.08764
3 0 0.77218 15 3 0.26869 28 6 0.08577
3 3 0.75573 15 6 0.26296 28 9 0.08394
3 6 0.73962 15 9 0.25735 29 0 0.08215
3 9 0.72385 16 0 0.25187 29 3 0.08040
4 0 0.70843 16 3 0.24650 29 6 0.07869
4 3 0.69333 16 6 0.24125 29 9 0.07701
4 6 0.67855 16 9 0.23611 30 0 0.07537
4 9 0.66409 17 0 0.23107 30 3 0.07376
5 0 0.64993 17 3 0.22615 30 6 0.07219
5 3 0.63608 17 6 0.22133 30 9 0.07065
5 6 0.62252 17 9 0.21661 31 0 0.06915
5 9 0.60925 18 0 0.21199 31 3 0.06767
6 0 0.59627 18 3 0.20748 31 6 0.06623
6 3 0.58356 18 6 0.20305 31 9 0.06482
6 6 0.57112 18 9 0.19873 32 0 0.06344
6 9 0.55895 19 0 0.19449 32 3 0.06209
7 0 0.54703 19 3 0.19034 32 6 0.06076
7 3 0.53537 19 6 0.18629 32 9 0.05947
7 6 0.52396 19 9 0.18232 33 0 0.05820
7 9 0.51280 20 0 0.17843
8 0 0.50187 20 3 0.17463
8 3 0.49117 20 6 0.17091
8 6 0.48070 20 9 0.16726
8 9 0.47045 21 0 0.16370
9 0 0.46043 21 3 0.16021
9 3 0.45061 21 6 0.15679
9 6 0.44101 21 9 0.15345
9 9 0.43161 22 0 0.15018
10 0 0.42241 22 3 0.14698
10 3 0.41341 22 6 0.14385
10 6 0.40460 22 9 0.14078
10 9 0.39597 23 0 0.13778
11 0 0.38753 23 3 0.13484
11 3 0.37927 23 6 0.13197
11 6 0.37119 23 9 0.12916
11 9 0.36328 24 0 0.12640
12 0 0.35553 25 3 0.11350

2) SPECIAL SURRENDER VALUE (AFTER DATE OF VESTING)
Originally, as per co/act/2023/4 dt 8/7/2005, surrender of policy after it has vested can not be
allowed. However, as per Central office circular dt. 13/1/2007 Ref: act/ps, matter has been
reconsidered and it has been decided to allow surrender of policies under all immediate
annuities including those which were issued as deferred annuities but subsequently converted
to immediate annuity on vesting or otherwise, provided annuity option of F i.e annuity
payable for life with return of purchase price on death is exercised.
The authority to allow surrender value payments is Regional Manager (actuarial) in Zonal
offices sub to following conditions:-
1) Surrender will be allowed only under those policies, which are under annuity option F.
2) Surrender is to be allowed generally on merits. Say, amount is required by annuitant
for expenses incurred on his/her medical treatment or for treatment of the spouse.
3) Signature of the annuitant applying for surrender value should be tallied.
4) The annuity cheques already issued and falling due after the date of payment of
surrender value should be collected from the annuitant and cancelled.
5) It should be ensured that IPP cell of the zone have taken a note in their records
regarding surrender of policy so that no further annuity payment are made under the
policy. Branch should effect the payment of surrender value after confirmation from
IPP master that status is changed as surrender.
6) The method of calculating surrender value is as followes:-
( F(1) x Annuity per annum + F(2) x amount payable on death) x F(3) OR
95% of the amount payable on death , WHICH EVER IS LOWER.

Where F(1) = annuity factor for age last birthday at surrender for the mode of
annuity Payment . (factors enclosed.) Annexure -A
F(2) = Risk factor for age last birthday at surrender .Annexure-A

F(3)= Period in months from last policy anniversary till date of
surrender. Annexure-B
FACTORS FOR CALCULATING SURRENDER VALUES
Annexure A Annexure B
AGE F(1) F(1) F(1) F(1) F(2) Duration Factor
Yearly Half- Quarterly Monthly months (F 3)
yearly
40 11.4299 11.7728 12.0014 12.6872 0.0753 1 1.0062
41 11.3656 11.7065 11.9338 12.6158 0.0798 2 1.0125
42 11.2960 11.6348 11.8608 12.5385 0.0847 3 1.0188
43 11.2224 11.5591 11.7835 12.4569 0.0899 4 1.0252
44 11.1452 11.4795 11.7024 12.3711 0.0953 5 1.0316
45 11.0639 11.3958 11.6171 12.2809 0.1011 6 1.0380
46 10.9779 11.3073 11.5268 12.1855 0.1071 7 1.0445
47 10.8871 11.2137 11.4315 12.0847 0.1135 8 1.0510
48 10.7915 11.1152 11.3311 11.9785 0.1202 9 1.0576
49 10.6912 11.0119 11.2257 11.8672 0.1273 10 1.0642
50 10.5863 10.9039 11.1156 11.7508 0.1347 11 1.0708
51 10.4770 10.7913 11.0008 11.6294 0.1424 12 1.0770
52 10.3634 10.6743 10.8815 11.5033 0.1504
53 10.2455 10.5529 10.7578 11.3725 0.1587
54 10.1250 10.4288 10.6313 11.2388 0.1671
55 10.0017 10.3017 10.5018 11.1019 0.1758
56 9.8750 10.1713 10.3688 10.9613 0.1847
57 9.7445 10.0369 10.2318 10.8164 0.1939
58 9.6097 9.8980 10.0902 10.6668 0.2034
59 9.4697 9.7538 9.9432 10.5114 0.2132
60 9.3243 9.6040 9.7905 10.3499 0.2235
61 9.1733 9.4485 9.6319 10.1823 0.2341
62 9.0164 9.2869 9.4672 10.0082 0.2451
63 8.8532 9.1188 9.2958 9.8270 0.2566
64 8.6751 8.9354 9.1089 9.6294 0.2692
65 8.4841 8.7386 8.9083 9.4173 0.2826
66 8.2819 8.5304 8.6960 9.1929 0.2968
67 8.0705 8.3126 8.4740 8.9582 0.3117
68 7.8514 8.0869 8.2440 8.7150 0.3271
69 7.6264 7.8552 8.0077 8.4653 0.3430
70 7.3969 7.6189 7.7668 8.2106 0.3591
71 7.1645 7.3795 7.5227 7.9526 0.3755
72 6.9304 7.1383 7.2769 7.6927 0.3919
73 6.6958 6.8966 7.0306 7.4323 0.4084
74 6.4617 6.6556 6.7848 7.1725 0.4249
75 6.2292 6.4161 6.5406 6.9144 0.4413
76 5.9990 6.1790 6.2990 6.6589 0.4575
77 5.7720 5.9452 6.0606 6.4069 0.4735
78 5.5487 5.7152 5.8261 6.1591 0.4892
79 5.3297 5.4896 5.5962 5.9160 0.5046
80 5.1154 5.2689 5.3712 5.6781 0.5197
81 4.9063 5.0535 5.1516 5.4460 0.5344
82 4.7025 4.8436 4.9377 5.2198 0.5487
83 4.5044 4.6395 4.7296 4.9999 0.5627
84 4.3121 4.4415 4.5277 4.7864 0.5762
85 4.1257 4.2495 4.3320 4.5795 0.5893
F. Guaranteed Surrender Value : (before vesting only)
Not available on or after vesting of annuity.
1.under approach 1: (i.e. Single Premium) the policy can be surrendered at any time
after completion of three yrs from the date of commencement but before the date on which the
annuity vest.
GSV within 5 yrs from the DOC = 80% of the single premium paid.
GSV after 5 yrs from the DOC = 90% of the single premium
( refer CO circular dt. 10.01.1998 ref; CO/Act/1627/4 )

no GSV on or after date of vesting
2. under funding approach 2: ( i.e. with life cover )

After paying at least three full years premiums and after completion of 3 years from the date
of commencement GSV will be 30% of all premiums paid excluding the first year’s premium
and all extra premium paid within deferment period only.
3. under funding approach 3: (i.e. without life cover )

After paying at least three full yrs of premium and after completion of three full yrs form the
date of commencement GSV will be 90% of all premiums paid, excluding the first year
premium.
4. under funding approach 4: ( i.e. endowment )

After paying the premium for at least three full yrs and after the completion of 3 yrs from the
date of commencement of policy, GSV will be 30% of all premiums paid excluding first year
and/or any extra premium.
In addition to above cash value of guaranteed addition is also payable i.e. surrender value of
Guaranteed Addition.
G. Loan/ Assignment/ Double Accident Benefit :

There is no provision for loan/ assignment / double accident benefit under this policy under
any funding approach.
H.Claims Concession & Chairman’s Relaxation Rules

Funding approach 1
Being single premium, the question of claim concessions, chairman’s relaxation rules doesnot
apply.
Funding approach 3 (without life cover)

Under Jeevan suraksha plan with above approach, if premium is not paid within days of
grace, policy will lapse. Basic/extended claim concession or chairman’s relaxation rules 1987
are not applicable.(co/mktg/crm/542/23 dt.3/10/2005)
Death claim as a paid up policy will be processed.
Funding approach 2 – with life cover

Funding approach 4- endowment type
Under above both approaches, extended claim concessions, chairman’s relaxation rules 1987
are not applicable.(co/mktg/crm/542/23 dt.3/10/2005)
However, Basic claim concession is applicable under both approaches. i.e. if atleast 3 full
years premiums have been paid, any subsequent premiums be not duly paid, in the event of
the death of proposer within 6 months from the due date of FUP, the benefits under the policy
will be paid as if the policy had remained in full force after deduction of o/s premium with
interest up to next policy anniversary.
I. Survival Benefit on the vesting date of Annuity :

On servival of the annuitant on the vesting date of annuity, he/she will be entitled to receive
the pension on the Notional Cash Option if premiums for deferment period have been paid
fully under funding approach 1, 2 & 3.
Under funding approach 4 i.e. Endowment, pension will be calculated on sum assured +
guaranteed addition, if premiums have been paid fully for the term of the policy.
In case of paid up condition of policy, pension will be based on Reduced Notional Cash
Option or paid up value as explained earlier.
Following procedure to be adopted:

1. Through AFM option no -31, list of Jeevan suraksha policies where annuities will vest in
next 9 months will be extracted every month. The AFM list no 1,2 i.e Maturity claims
inforce/paidup should also be checked to find out the policy nos where Jeevan suraksha
policies are vesting. Policy dockets should be called to check the details.
2. From dockets name of annuitant, premium given in proposal, NCO amount, age at vesting,
address of annuitant where annuity cheques will be sent,etc should be checked.
3. In IPP module, Extraction option is given whereby policy nos will be extracted 1 month in
advance.
4. IPP module- option 6- Intimation- should be operated to send letters intimating various
options of annuity and amount of annuity with or without commutation of pension.
5. Along with intimation letter, certificate of existence f. no. 3827, original policy, discharge
form for 25% commuted value of pension should be called.
6.in case of SSS policies, option may be given to policyholders to either (a) stop deduction of
premium 6 months prior to the date of vesting & remit 6 months premium directly to LIC. OR
(2) if he prefer to continue payment under SSS he should be prepare to receive annuity
cheques late i.e. at least 3 months after the last premium is adjusted.
For confirmation of the above, letters should be sent to policyholder while informing the
option.
Under ordinary policies if the premium is outstanding kindly remind the policyholder to pay
the premium in time.
9. After receipt of option letter, kindly examine whether policyholder has exercised the option
of 25% commutation of NCO & which annuity option. Accordingly annuity will be calculated
and arrangement will be done for payment of commuted value. Pension will not be settled by
Branch.
10. In IPP module , option no 4 of main menu, extracted master should be ratified . option –D
, is to send the masters to DO through e-mail. This option should be run once in a day. If data
is not sent, then same can be sent through N option- non transmitted data.
Branch office should maintain a register of Jeevan Suraksha Policies for which input advices
are prepared and sent, with following columns.
Sr. No. Policy Name of NCO Pension Pension Date of Date of
No. Annuitant Amount Amount Option Dispatch Death
of Input
1 2 3 4 5 6 7 8
11.The input advice should be serially numbered. The number should be in serial order
starting form 1 & series not to be changed after the close of the financial year but it should be
continued.
12.If the request for payment of surrender value is received after sending the input advice but
before vesting of policy, the same can be paid only after confirmation from Zonal Office /
Pension Cell that they are not Processing the said input.
13.The existence certificate should be called before paying the 1st cheque of pension (Form
No 3827)
Under annuity option A i.e. life annuity, existence certificate should be called at least once in
a year
Under annuity option B/C/D existence certificate need not be called during guaranteed period
i.e. 5, 10 & 15 years, but if annuitant is alive after this period also then existence certificate
should be called once in a year.
Under annuity option E & F, since some death claim payment is to be made, there is no need
to call existence certificate.
14.The first annuity installment will be paid one month after the policy anniversary following
the attainment of vesting age.
15.If no option is exercised at the time of proposal, then life assured can exercise the option at
least 6 months before the vesting date.
In case no option is exercised it will be presumed that pension is payable as per annuity option
D.
16.Inforce policies having funding approach 1, 2, or 3 will get final additional or terminal
bonus for annuity policies as per valuation.
For policies with funding approach 4 i.e. Endowment loyalty addition will be paid if declared.
17.A detailed write up on servicing aspect of IPP plans is issued by Zonal Office is also
enclosed.
( CERTIFICATE OF EXISTANCE )
Branch No : _________ Policy No. : _____________
Name ________________
Address ________________
________________ TO BE COMPLETED ON OR AFTER
Shri / Smt. ___________________________________

( This form should be completed by a friend / relative of the life assured or claimant)
I, Shri / Smt. __________________________________ ( name of friend /relative)

hereby certify that Shri / Smt. _______________________________________________ son/
daughter of ___________________________________ was alive on ____________ having
personally seen him / her on or after that day.
Dated at ______________ this _________ day of _______ 200__.
Witness:
Signature Signature
Full Name Full Name
Address Address
( Form No 3827)
(Specimen of letter to be forwarded to Policyholder )
Life Insurance Corporation Of India
( office address)
date :
To,
Shri/Smt ______________
_____________________
_____________________
Re: Jeevan Suraksha Policy No. ______________________
We are glad to inform you that the above policy will be vesting on _________. We
therefore request you to exercise one of the following options of pension for our calculation of
pension. At the proposal stage, you have already exercised the annuity option as per
_________. Kindly confirm still you are going with same option. Please note that option once
exercised is final.
Now comply the following requirements :
1. original Policy Document for endorsement
2. certificate of existence
3. discharge form if you are exercising the option of commutation of 25% of Notional
Cash Option. The commuted value is Rs. __________. If so, kindly return the
enclosed form. This is not compulsory.
4. consent letter of exercising following annuity option.
Type of Option Month Pension after

pension ly 25%
pensio commutation
n
A Annuity guaranteed for life --- ----
B Annuity guaranteed for 5 yrs & life thereafter --- ----
C Annuity Guaranteed for 10 yrs & life thereafter --- ----
D Annuity Guaranteed for 15 yrs & life thereafter --- ----
E Joint life pension for life and thereafter 50% to --- ----
spouse
F Pension for life with return of Notional Cash --- ----
Option on Death
5. Annuity will commence from _______________.
For other details please contact us

Yours faithfully ,
Sr./ Branch Manager
( Specimen for 25% of commuted Value of NCO )

Discharge Receipt for 25% Commuted Value under Jeevan Surasha Pol.No._________
Received form LIFE INSURANCE CORPORATION OF INDIA the sum of Rupees

____________ ( In words Rupees ________________________________________
_____________________________________) towards 25% commuted value under Jeevan
Suraksha Policy No. _______________, which vest, on ________________ .
WITNESS :
SIGNATURE:
NAME :
ADDRESS:
SIGNATURE OF ANNUITENT &
FULADDRESS
J. DEATH BENEFIT : ( Before Vesting )
1. funding approach no 1. : ( single premium)
on the death of the life assured within deferment period (i.e. before date of vesting AND not
on or after date of vesting annuity ) following amount is payable as death claim to spouse. If
no spouse then to nominee or legal hairs of the annuitant.
(co/Actl?1581/4 dated 01.08.1996, P & GS/724/co dated 02.02.2001 --- co/actl/1879/4
dated 25.06.2003 )
Duration of policy at death Death benefits

Death within 3 policy years Return of premium in full
Death with in 4th, 5th & 6th policy Return of premium with interest @ 8% p.a. from the
year due date of premium to the date of death
compounding yearly.
th
Death from 7 policy year and Return of premium with interest @ 9% p.a. from the
onwards due date of premium to the date of death
compounding yearly
Factors to be used for calculation of death benefits are enclosed herewith (Ann F)
If the actual duration of death is (Y) years (M) months & (D) days & if the number of days is
less than 15 ( i.e.upto 14) then duration of policy at death should be taken as (Y) years & (M)
months , days will be ignored. However, if no. of days are 15 or more then duration of policy
at death is to be taken as (Y) years & (M+1) months.
For example : 4 years 9 months 14 days ------ 4 years & 9 months
4 years 9 months 15 days ------ 4 years & 10 months
4 years 9 months 16 days ------ 4 years & 10 months
for single premium policies for accumulation period in (Y) years, Annexure F is given and
accordingly factors should be applied. For factors of (M) months factors are given in annexure
A. Table no I is for 8% & table no II is for 9% . as per duration of the policy appropriate table
should be used.
2. Death under funding approach 2: ( with life cover)
A) INFORCE POLICY when life assured death take place within days of grace from the
due date of premium and in case named spouse is there, annuity equal to at least 50 % of the
targeted pension (specify on policy schedule) will be payable to such spouse from the first of
the month following the month of the death of the praposer and every month thereafter during
life time of the spouse for the 15 years certain & life thereafter.
Before payment of the annuity claims dept., should check whether targeted pension or pension
given in the policy schedule is correctly calculated under option “D” i.e. 15 years guaranteed
and life thereafter.
This means that if the life assured has exercised the annuity option under “F” at the proposal
stage & policy schedule also shows annuity under option “F” & in case of death of LA taken
place under in force policy, annuity under “D” option is required to be calculated as on date of
proposal.
However as per CO circular Ref: CO/Actl/1603/4 dated 10.01.1997, actual percentage of the
targeted pension payable to spouse will depend upon:
1. the duration in integral years on the date of death proposer
2. The age of the life assured at entry
3. the age of life assured at vesting.
The pension at above percentage will be payable to spouse for Guaranteed 15 years & life
thereafter, But if spouse expired between this 15 years Guaranteed period, then pension up to
15 years will payable to nominee & after completion of 15 years pension will come to end.
Since annuity was payable under “D” option , no question of return of notional cash option
arise.
If an unmarried person has taken a policy with life cover, then on marriage his/her spouse will
enjoy the benefits of spouse’s pension. However he/she will have to intimate the name , age &
address of the spouse within 6 months from date of marriage / re marriage.
In respect of death claim under with life cover policies, office should follow the same
procedure in respect of other risk plan policies, i.e. early/ non early death claim, claims
investigation, financial powers to admit the claim etc
If claim get admitted then from death benefit i.e. amount of pension or lump sum amount
payable, outstanding premiums up to next policy anniversary should be recovered.
Paid up policy : after paying at least 3 full years premium, if any premium is not paid
within days of grace, then policy will lapse & life cover will also cease. In such case, death
benefit will be special surrender value payable to spouse/ nominee. SSV will be calculated
taking Date of death as date of surrender.
As per CO/Actl/1790/4 dt 20.02.2002, this provision was revised. Now after paying at least 2
full years of premiums, subsequent premiums be not duly paid, then proportionate Notional
Cash Option available as on date of death shall be utilized to purchase prevailing immediate
annuity as on date of death based on the age of spouse at date of death. If less than 2 full years
premium have been paid, then death benefit will be equal to the return of premium paid.
Now as per CO/Act/1879/4 dated 25.06.2003 provisions for death claim
under without life cover plans was revised)
1) If premiums are paid for 3 years or less and death occurs , then the death benefit payable
is return of premiums.
2) If premiums are paid for more than 3 years and death occurs, then the death benefit is to
be calculated based on the actual number of premiums paid and using the method for in
force policies i.e. treating as if the death has taken place one day before the due date of
FUP.
3.Death under funding approach 3: (without life cover)
if the policy is in force and death of life assured takes place

INFORCE POLICY
within days of Grace, then death benefit as specified below will be payable to spouse; failing
which to nominee.
Duration of policy at death Benefits payable
Death within 3 policy years Returns of premiums
Death during 4th 5th & 6th policy year Return of premium with interest @8% p.a.
from due date of premium to the date of
death, compounding yearly
Death during 7th policy year and onwards Return of premium with interest @9% p a
from the due date of premium to the date of
death, compounding yearly
The factors to be used & method of calculation is given in circular CO/Act/1879/4 dated
25.06.2003.
If the death occurs within days of grace and the premium fallen due as on date of death has
not been paid, then the unpaid premium is to be deducted from death benefit calculated as
above.
Paid up Policy : the death benefit payable under paid up policies has been revised vide
CO/Actl/1879/4 dated 25.06.2003. death benefit is allowed as per in force policies, taking date
of death as one day before the due date of FUP & benefit is to be calculated based on the
actual number of premiums paid.
1) If premiums are paid for 3 years or less and death occurs , then the death benefit payable
is return of premiums.
2) If premiums are paid for more than 3 years and death occurs, then the death benefit is to
be calculated based on the actual number of premiums paid and using the method for in
force policies i.e. treating as if the death has taken place one day before the due date of FUP.
Co circular CO/Actl/1879/4 dated 25.06.2003 ( pg 329 b)

Documentation for interest rate chart for death claims during deferment period under
jeevan suraksha plan( without life cover ( pg 329 c)
Annexure A
Factors to be used for all modes of premium payment other than monthly
where number of months is involved : (FOR QLY/HLY/YLY) for refund of
premiums with interest in case of death claims ( co/act/1879/4 dt 25/6/2003)
Table 1 Table II
rate of interest @ 8% p.a rate of interest @ 9% p.a.
month factor month factor
1 1.0064 1 1.0072
2 1.0129 2 1.0145
3 1.0194 3 1.0218
4 1.0260 4 1.0291
5 1.0326 5 1.0366
6 1.0392 6 1.044
7 1.0459 7 1.0516
8 1.0526 8 1.0591
9 1.0594 9 1.0668
10 1.0662 10 1.0745
11 1.0731 11 1.0822
Annexure B
Factors to be used where premiums are paid Yearly for refund of premiums
with interest in case of death claims ( co/act/1879/4 dt 25/6/2003)
JEEVAN SURAKSHA WITHOUT LIFE COVER ( TABLE 122)
Period factor Period Factor
( in /yrs.) (in yrs .
3 4.5061 19 51.1601
4 5.8666 20 56.7645
5 7.3359 21 62.8733
6 9.2004 22 69.5319
7 11.0285 23 76.7898
8 13.0210 24 84.7009
9 15.1929 25 93.3240
10 17.5603 26 102.7231
11 20.1407 27 112.9682
12 22.9534 28 124.1354
13 26.0192 29 136.3075
14 29.3609 30 149.5752
15 33.0034 31 164.0370
16 36.9737 32 179.8003
17 41.3013 33 196.9823
18 46.0185 34 215.7108
Annexure “C”
Factors to be used where premiums are paid Half Yearly for refund of
JEEVAN SURAKSHA PLAN ( WITHOUT LIFE COVER) PLAN 122
PERIOD FACTOR PERIOD FACTOR

In half yr In half yr
6 7.8799 38 99.2048
7 9.1890 39 104.5729
8 10.5495 40 110.1773
9 11.9634 41 116.0284
10 13.4327 42 122.1372
11 14.9597 43 128.5150
12 17.0550 44 135.1736
13 18.8060 45 142.1254
14 20.6340 46 149.3833
15 22.5425 47 156.9607
16 24.5351 48 164.8718
17 26.6154 49 173.1312
18 28.7873 50 181.7543
19 31.0548 51 190.7571
20 33.4222 52 200.1562
21 35.8938 53 209.9692
22 38.4742 54 220.2143
23 41.1682 55 230.9105
24 43.9809 56 242.0776
25 46.9174 57 253.7365
26 49.9832 58 265.9087
27 53.1840 59 278.6168
28 56.5257 60 291.8845
29 60.0146 61 305.7363
30 63.6571 62 320.1981
31 67.4600 63 335.2966
32 71.4303 64 351.0600
33 75.5754 65 367.5174
34 79.9030 66 384.6994
35 84.4212 67 402.6379
36 89.1383 68 421.3664
37 94.0631 69 440.9194
Annexure “D”
Factors to be used when premiums are paid Quarterly for refund of
JEEVAN SURAKSHA (WITHOUT LIFE COVER ) PLAN 122
Period Factor Period Factor Period Factor Period factor

In Qtr In Qtr In Qtr In Qtr
12 14.6286 44 75.1497 76 195.3165 108 434.7563

13 15.9128 45 77.7863 77 200.5701 109 445.2245
14 17.2219 46 80.4804 78 205.9382 110 455.9207
15 18.5565 47 83.2331 79 211.4231 111 466.8498
16 19.9170 48 86.0457 80 217.0275 112 478.0169
17 21.3039 49 88.9197 81 222.7540 113 489.4273
18 22.7178 50 91.8562 82 228.6052 114 501.0861
19 24.1591 51 94.8566 83 234.5838 115 512.9989
20 25.6284 52 97.9224 84 240.6926 116 525.1710
21 27.1263 53 101.0550 85 246.9344 117 537.6083
22 28.6533 54 104.2558 86 253.3122 118 550.3164
23 30.2099 55 107.5263 87 259.8289 119 563.3013
24 32.7679 56 110.8680 88 266.4875 120 576.5690
25 38.4815 57 114.2825 89 273.2911 121 590.1256
26 36.2324 58 117.7714 90 280.2429 122 603.9775
27 38.0215 59 1213362 91 287.3461 123 618.1310
28 39.8495 60 124.9787 92 294.6039 124 632.5928
29 41.7174 61 128.7005 93 302.0199 125 647.3695
30 43.6259 62 432.5034 94 309.5973 126 662.4681
31 45.5760 63 136.3891 95 317.3398 127 677.8954
32 57.5686 64 140.3594 96 325.2509 128 693.6587
33 49.6045 65 144.4161 97 333.3342 129 709.7654
34 51.6848 66 148.5612 98 341.5937 130 726.2228
35 53.8104 67 152.7967 99 350.0329 131 743.0386
36 55.9823 68 157.1243 100 328.6560 132 760.2206
37 58.2015 69 161.5462 101 367.4669 133 777.7768
38 60.4690 70 166.0644 102 376.4697 134 795.7154
39 62.7859 71 170.6809 103 385.6685 135 814.0446
40 65.1533 72 175.3981 104 395.0676 136 832.7730
41 67.5722 73 180.2179 105 404.6715 137 851.9083
42 70.0438 74 185.1427 106 414.4845 138 871.4623
43 72.5693 75 190.1748 107 424.5112 139 891.4412
Annexure E
Page : 1.
Factors to be used where Premiums are paid Monthly for refund of
JEEVAN SURAKSHA (WITHOUT LIFE COVER) TABLE 122
Period Factor Period Factor Period Factor Period Factor

In month In month In month In month
36 41.6251 88 124.1615 140 243.1854 192 416.0936
37 42.8929 89 126.0564 141 245.9381 193 420.0925
38 55.1689 90 127.9649 142 248.7106 194 424.1203
39 45.4531 91 129.8872 143 251.5032 195 428.1770
40 46.7455 92 131.8233 144 254.3159 196 432.2631
41 48.0463 93 133.7734 145 257.1488 197 436.3785
42 49.3554 94 135.7375 146 260.0021 198 440.6236
43 50.6729 95 137.7158 147 262.8761 199 444.6986
44 51.9990 96 139.7084 148 265.77.0 200 448.9037
45 53.3335 97 141.7153 149 268.6862 201 453.1391
46 54.6767 98 143.7367 150 271.6227 202 457.4050
47 56.0285 99 145.7727 151 274.5804 203 461.7017
48 57.3890 100 147.8233 152 277.5594 204 466.0293
49 58.7582 101 149.8887 153 280.5598 205 470.3882
50 60.1363 102 151.9690 154 283.5819 206 474.7784
51 61.5232 103 154.0643 155 286.6258 207 479.2003
52 62.9190 104 156.1747 156 289.6916 208 483.6540
53 64.3239 105 158.3003 157 292.7795 209 88.1399
54 65.7377 106 160.4412 158 295.8896 210 492.6581
55 67.1607 107 162.5976 159 299.0222 211 497.2088
56 68.5928 108 164.7695 160 302.1774 212 501.7924
57 70.0341 109 166.9570 161 305.3552 213 506.4089
58 71.4847 110 169.1603 162 308.5560 214 511.0588
59 72.9447 111 172.3795 163 311.7799 215 515.7421
60 74.4140 112 173.6147 164 315.0270 216 520.4593
61 75.8928 113 175.8660 165 318.2975 217 525.2104
62 77.3811 114 178.1335 166 321.5916 218 529.9957
63 78.8789 115 180.4174 167 324.9094 219 534.8156
64 80.3864 116 182.7177 168 328.2511 220 539.6702
65 81.9036 117 185.0346 169 331.6169 221 544.5598
66 83.4306 118 187.3683 170 335.0070 222 549.4846
67 84.9674 119 189.7187 171 338.4215 223 554.4449
68 86.5141 120 192.0860 172 341.8606 224 559.4410
69 88.0707 121 194.4704 173 345.3245 225 564.4730
70 89.6374 122 196.8721 174 348.8134 226 569.5415
71 91.2141 123 199.2910 175 352.3274 227 574.6462
72 95.6232 124 201.7273 176 355.8667 228 579.7879
73 97.3124 125 204.1812 177 359.4316 229 584.9666
74 99.0138 126 206.6525 178 363.0221 230 590.1827
75 100.7274 127 209.1423 179 366.6385 231 595.4363
76 102.4534 128 211.6196 180 370.2810
77 104.1918 129 214.1750 181 373.9498
78 105.9427 130 216.7187 182 377.6449
79 107.7063 131 219.2806 183 381.3667
80 109.4826 132 221.8611 184 385.1154
81 111.216 133 224.4601 185 388.8910
82 113.0726 134 227.0778 186 392.6939
83 114.8886 135 229.7145 187 396.5242
84 116.7166 136 232.3701 188 400.3820
85 118.5578 137 235.0449 189 404.2677
86 120.4123 138 237.7389 190 408.1814
87 122.2802 139 240.4524 191 412.1233
Annexure E
Page: 2.
Factors to be used where Premiums are paid Monthly for refund of
JEEVAN SURAKSHA (WITHOUT LIFE COVER) TABLE 122
Period Factor Period Factor Period Factor Period Factor
In In In In
month month month month
232 600.7278 284 935.5021 336 1421.8350 388 2128.3398
233 606.0574 285 943.2446 337 1433.0826 389 2144.6795
234 611.4255 286 951.0429 338 1444.4113 390 2161.1369
235 616.8322 287 958.8973 339 1455.8217 391 2177.7129
236 622.2779 288 966.8081 340 1467.3143 392 2194.4084
237 627.7629 289 974.7765 341 1478.8897 393 2211.2242
238 633.2874 290 982.8021 342 1490.5485 394 2228.1612
239 638.8517 291 990.8854 343 1502.2914 395 2245.2203
240 644.4561 292 999.0271 344 1514.1189 396 2262.4023
241 650.1009 293 1007.2274 345 1526.0316 397 2279.7082
242 655.7864 294 1015.4868 346 1538.0302 398 2297.1388
243 661.5129 295 1023.8057 347 1550.113 399 2314.6950
244 667.2806 296 1032.1846 348 1562.2875 400 2332.3777
245 673.0899 297 1040.6239 349 1574.5474 401 2350.1879
246 678.9411 298 1049.1240 350 1586.8957 402 2368.1265
247 684.8344 299 1057.6854 351 2599.3329 403 2386.1943
248 690.7703 300 1066.3085 352 1611.8598 404 2404.3924
249 696.7489 301 1074.9937 353 1624.4770 405 2422.7217
250 702.7706 302 1083.8415 354 1637.1852 406 2441.1830
251 708.8357 303 1092.5524 355 1649.9849 407 2459.7774
252 714.9445 304 1101.4268 356 1662.8769 408 2478.5058
253 721.0973 305 1110.3651 357 1675.8618 409 2497.3692
254 727.2945 306 1119.3679 358 1688.9402 410 2516.3685
255 733.5363 307 1128.4355 359 1702.0030 411 2536.5048
256 739.8232 308 1137.5685 360 1715.3806 412 2554.7790
257 746.1553 309 1146.7674 361 1728.7439 413 2574.1921
258 752.5331 310 1156.0325 362 1742.2036 414 2593.7452
259 758.9568 311 1165.3644 363 1755.7602 415 2612.4391
260 765.4269 312 1174.7635 364 1769.4145 416 2633.2750
261 771.9436 313 1184.2304 365 1783.1673 417 2653.2539
262 778.5072 314 1193.7656 366 1797.0191 418 2673.3768
263 785.1182 315 1203.3694 367 1810.9708 419 2693.6447
264 791.7768 316 1213.0425 368 1825.0231
265 798.4834 317 1222.7853 369 1839.1766
266 805.2383 318 1232.5983 370 1853.4321
267 812.0419 319 1242.4820 371 1867.7904
268 818.8945 320 1252.4370 372 1882.2522
269 825.7966 321 1262.4637 373 1896.8182
270 832.7484 322 4272.5627 374 1911.4892
271 839.7502 323 4282.7345 375 1926.2659
272 846.8026 324 4292.9796 376 1941.1491
273 853.9058 325 1303.2985 377 1956.1396
274 861.0602 326 1313.6918 378 1971.2381
275 868.2661 327 1324.1600 379 1986.4455
276 875.5240 328 1334.7036 380 2001.7625
277 882.8342 329 1345.3233 381 2017.1898
278 890.1970 330 1356.0194 382 2032.7283
279 897.6130 331 1366.7927 383 2048.3789
280 905.0823 332 1377.6436 384 2064.1422
281 912.056 333 1388.5728 385 2080.0191
282 920.1830 334 1399.5807 386 2096.0105
283 927.8151 335 1410.6679 387 2112.1171
Annexure F
JEEVAN SURAKSHA WITHOUT LIFE COVER
Chart For Single Premium Policies FOR REFUND OF PREMIUMS IN
CASE OF DEATH CLAIMS ( CO/ACT/1879/4 DT. 25/6/2003)
Period (In Years) Factors

3 1.2597
4 1.3605
5 1.4693
6 1.6771
7 1.8280
8 1.9926
9 2.1719
10 2.3674
11 2.5804
12 2.8127
13 3.0658
14 3.3417
15 3.6425
16 3.9703
17 4.3276
18 4.7171
19 5.1417
20 5.6044
21 6.1088
22 6.6586
23 7.2579
24 7.9111
25 8.6231
26 9.3992
27 10.2451
28 11.1671
29 12.1722
D) Funding Approach No. 4: (Endowment Type)
IN FORCE POLICIES-
If the proposer expired before the date on which the annuity vest & while the policy is in
force, the following benefits shall become payable. These benefits are payable even if policy
is treated as in force i.e. application of basic claim concession clause.
1. In case the spouse i.e. wife or husband named in the proposal is alive on the date of
death of proposer, the basic sum assured plus accrued Guaranteed addition will be
utilized to purchase immediate annuity for the spouse. The spouse will have all
annuity options i.e. A, B, C, D or F. Annuity will be payable to the spouse form the
first of the month following the month of death of the praposer and every month
thereafter, as per selected option.
2. The annuity will be as per prevailing immediate annuity rates as at the date of death
based on the age of the spouse (LBD as on date of death of life assured) ref
CO/Act/1790/4 dated 20.02.2002.
For those policies resulting into death claims when all annuity plans are withdrawn
(i.e. between 24.12.2001 to 01.02.2002) for annuity rates New Jeevan Akshay Rates
i.e. plan no 144 will be used. After 01.02.2002 annuity rates of plan no 146 New
Jeevan Akshay I will be used.
3. Under plan no 146; Immediate Annuity rates are given for age 40 yrs and above.
However if the age of spouse at the time of death of praposer is less than 40 then for
this purpose only annuity rates under plan 146 for age of spouse (LBD) from 18 to 40
yrs have supplied. CO/Act/PD dated 31.12.2002 is enclosed (rate of annuity)
4. Spouse can exercise the option to commute 25% of (basic sum assured with
Guaranteed Addition) without deduction of any tax. If option is exercised, annuity will
be paid on balance 75% of basic sum assured + Guaranteed addition.
5. In case the spouse is not named at the time of proposal, or the named spouse is not
alive on the date of death of praposer then Basic Sum Assured + Accrued Guaranteed
Addition will be paid in lump sum to the nominee or the legal heirs. Kindly note that
annuity is not payable.
6. If the claim is admitted, then form death benefits i.e. Pension/annuity or lump sum
payment, outstanding premium falling due before the next policy anniversary should
be deducted.
7. After admission of claim and commencing the annuity to the spouse, if the spouse
named in the proposal dies after the date on which annuity commences, but before
expiry of guaranteed period i.e. under annuity option B, C, D then pension for
Guaranteed period will be paid to nominee or legal hairs. No question of refund of
purchase price.
If annuity option is under F i.e. life annuity with return of capital sum, then only
purchase price will be return to nominee/ legal hairs.
WRITE UP (FOR JEEVAN SURAKSHA POLICIES DEATH CLAIM

BEFORE VESTING) PLAN 122 & PLAN 122 REVISED
Paid Up Policies:
If the policy is in paid up condition, Paid up Value + Accrued Guaranteed Addition will be
payable to the spouse/ nominee. No Pension is Payable.
However, as per CO/Act/1790/4 dated 20.02.2002, under paid up policy, Reduced paid up
Sum Assured + Accrued Guaranteed Addition will be utilized to purchase prevailing
immediate annuity rates as at date of death based on the age of spouse
PLAN 146: ANNUITY RATES AS PER OPTION “ A “
The immediate annuity p.a. payable for life with Rs. 1000/- will
Age (LBD) Monthly Quarterly Half yearly Yearly Age (LBD)

21 55.60 59.90 61.50 63.00 21
22 55.90 60.20 61.70 63.30 22
23 56.20 60.50 62.00 63.60 23
24 56.60 60.80 62.30 63.90 24
25 56.90 61.10 62.70 64.30 25
26 57.30 61.50 63.00 64.60 26
27 57.60 61.80 63.30 65.00 27
28 58.00 62.20 63.70 65.30 28
29 58.40 62.60 64.10 65.70 29
30 58.80 62.90 64.50 66.10 30
31 59.30 63.40 64.90 66.60 31
32 59.70 6380 65.30 67.00 32
33 60.20 64.20 65.80 67.40 33
34 60.70 64.70 66.20 67.90 34
35 61.20 65.20 66.80 68.50 35
36 61.80 65.80 67.30 69.00 36
37 62.40 66.30 67.80 69.60 37
38 63.00 66.90 68.40 70.20 38
39 63.60 67.50 69.10 70.80 39
40 64.30 68.20 69.70 71.60 40
ANNUITY RATES AS PER OPTION ‘B’ (I.E. FOR 5 YRS. CERTAIN)

21 55.60 59.90 61.40 63.00 21
22 55.90 60.20 61.70 63.30 22
23 56.20 60.60 62.00 63.60 23
24 56.60 60.80 62.30 63.90 24
25 56.90 61.10 62.60 4.20 25
26 57.20 61.40 62.90 64.50 26
27 57.60 61.80 63.30 64.90 27
28 58.00 62.10 63.60 65.30 28
29 58.40 62.50 64.00 65.60 29
30 58.80 62.90 64.40 66.00 30
31 59.20 63.30 64.80 66.50 31
32 59.70 63.70 65.30 66.90 32
33 60.10 64.20 65.70 67.40 33
34 60.60 64.70 66.20 67.90 34
35 61.20 65.20 66.70 68.40 35
36 61.70 65.70 67.20 68.90 36
37 62.30 66.30 67.80 69.50 37
38 62.90 66.80 68.40 70.10 38
39 63.50 67.50 69.00 70.70 39
40 64.20 68.10 69.60 71.40 40
PLAN 146: ANNUITY RATES AS PER OPTION “ C “
(Payable for 10 YRS CERTAIN & LIFE THEREAFTER)
The immediate annuity p.a. payable for 10 Yrs certain & life thereafter, which Rs. 1000/- will
purchase

21 55.50 59.80 61.30 62.90 21
22 55.80 60.10 61.60 63.20 22
23 56.10 60.40 61.90 63.50 23
24 56.40 60.70 62.20 63.80 24
25 56.80 61.00 62.50 64.10 25
26 57.10 61.30 62.80 64.40 26
27 57.50 61.70 63.20 64.80 27
28 57.90 62.00 63.50 65.10 28
29 58.30 62.40 63.90 65.50 29
30 58.70 62.80 64.30 65.90 30
31 59.10 63.20 64.70 66.30 31
32 59.60 63.60 65.10 66.80 32
33 60.00 64.10 65.60 67.20 33
34 60.50 64.50 66.00 67.70 34
35 61.00 65.00 66.50 68.20 35
36 61.60 65.50 67.10 68.90 36
37 62.10 66.10 67.60 69.30 37
38 62.70 66.70 68.20 69.90 38
39 63.30 67.20 68.80 70.50 39
40 64.00 67.90 69.40 71.10 40
ANNUITY RATES AS PER OPTION ‘D’

(I.E. FOR 15 YRS. CERTAIN & LIFE THEREAFTER)
Immediate annuity p.a. payable for 15 years certain & life thereafter which Rs. 1000/- will
Purchase.
21 55.40 59.70 61.20 62.80 21
22 55.70 60.00 61.50 63.10 22
23 56.00 60.30 61.80 63.30 23
24 56.30 60.60 62.10 63.60 24
25 56.60 60.90 62.40 64.00 25
26 57.00 61.20 62.70 64.30 26
27 57.40 61.50 63.00 64.60 27
28 57.70 61.90 63.40 65.00 28
29 58.10 62.30 63.80 65.40 29
30 58.50 62.60 64.10 65.80 30
31 58.90 63.00 64.50 66.20 31
32 59.40 63.50 64.90 66.60 32
33 59.80 63.90 65.40 67.00 33
34 60.30 64.30 65.80 67.60 34
35 60.80 64.80 66.30 68.00 35
36 31.30 65.30 66.80 68.50 36
37 61.90 65.80 67.30 69.00 37
38 62.40 66.40 67.90 69.60 38
39 63.00 66.90 68.40 70.10 39
40 63.60 67.50 69.00 70.70 40
ANNUITY RATES AS PER OPTION ‘F’
Immediate annuity p.a. payable for life with return of purchase Price on death of the
annuitant, which Rs. 1000/- will Purchase.
21 54.10 58.40 59.90 61.50 21
22 54.20 58.50 60.00 61.60 22
23 54.30 58.60 60.10 61.70 23
24 54.50 58.70 60.20 61.90 24
25 54.70 58.90 60.40 62.00 25
26 54.80 59.00 60.50 62.10 26
27 55.00 59.10 60.60 62.30 27
28 55.10 59.30 60.80 62.40 28
29 55.30 59.40 60.90 62.60 29
30 55.50 59.60 61.10 62.70 30
31 55.70 59.80 61.20 62.90 31
32 55.90 59.90 61.40 63.10 32
33 56.10 60.10 61.60 63.20 33
34 56.30 60.30 60.80 63.40 34
35 56.50 60.50 61.90 63.60 35
36 56.70 60.60 62.10 63.80 36
37 56.90 60.80 62.30 64.00 37
38 57.10 61.00 62.50 64.20 38
39 57.40 61.20 62.70 64.40 39
40 57.60 61.50 62.90 64.70 40
(K) DEATH BENEFITS :

( ON & AFTER VESTING OF ANNUITY)
If the annuitant (proposer) dies after the date on which annuity vests i.e. commencement of
pension, the benefits will be payable as following.
1. Annuity Option A: Since annuity was payable for life time only, no further
annuity was payable after date of death. No return of notional cash option. As per the
policy condition, no part of the annuity shall be payable for the period between the
dates of payment immediately preceding the death of the annuitant & date of his death.
2. Annuity option B, C & D: pension up to guaranteed period i.e. 5, 10 15 years as

per option will be payable to spouse / failing to nominee. After completion of
guaranteed period, no pension is payable. Notional Cash Option or balance-commuted
value of NCO is not payable. Annuity for the period form date of payment last
annuity to the date of death of annuitant is not payable.
3. Annuity option E: 50 % of the annuity, which has been paid to annuitant, will be
paid to spouse on the death of the praposer. No payment of Notional Cash Option. Till
the spouse is alive, such 50% annuity will be payable. After his/her death annuity will
be stopped. At this stage also, no payment of Notional Cash Option.
4. Annuity option F: only under this option, Notional cash Option will be returned to
spouse/nominee. No further pension will be paid.
On the date of vesting, if the annuitant had exercised option 25% commutation of
NCO, then only 75% of NCO will be refundable to spouse/nominee. Proportionate
annuity from date of last annuity paid to date of death is not payable. After confirming
from IPP cell that death intimation has been effected in Ipp master, payment of NCO
should be effected.
(L). Coverage on marriage / Re-marriage:
If the unmarried person had taken the policy with life cover, then on marriage his/her spouse
will enjoy the benefits of spouse’s pension. If married person is covered for life cover &
his/her spouse dies during the deferment period & he/she remarries, then new spouse will be
entitled to spouse’s pension.
However under both cases, intimation of marriage/ re-marriage should be given to
Corporation with proof within 6 months.
(M). Revival of Policy: (Before Vesting Only)

With Life Cover: the usual rule applicable to the endowment policy will apply for revival.
Interest @12% p.a. compounding Hly is to be collected.or at such rate decided from time to
time.
After expiry of 2/3 of the deferment period, no evidence of health is required.
Without Life Cover : No evidence of health is required. Premiums will be collected @12%
p.a. compounding half yearly.or at such rate decided from time to time.
Policy cannot be revived after 5 years from the date of FUP.
Endowment Plan : usual rules as applicable to the endowment policy will apply. Rate of
interest for arrears of premiums will be 12% or decided from time to time.
Health extra : proposals with life cover will be subjected to under writing. A separate non-
medical limit of Rs. 2 lakh S.A. ( i.e. 50 % of NCO ) up to age at entry 40 yrs LBD is allowed.
Since S.A. is 50% of NCO, in case of sub standard life the extra premium will be ½ the
tabular extra premium of endowment policies multiplied by full NCO in thousands.
As per CO/Act/1627/4 dated 10.01.1998 cost of medical reports & special reports will be
borne by corporation subject to usual limit.
( N ). C.E.I.S. Rebate :
Single Premium : 2% of Tabular Premium with/without life cover
Endowment Approach : 5% of Tabular Premium
( O ) Alteration in Term : ( CO/ Mktg/CS/370/23 dated 14.03.1998)

under Jeevan Suraksha Without Life Cover, reduction in terms is allowed. Accordingly the
installment premium will remain unchanged. New term, pension amount, Notional Cash
Option, age at vesting etc. must be in conformity with the standard rules. Further the reduction
in term should not be allowed if the pension commences within 5 yrs from the date of
alteration.
The reduction in term under Jeevan Surksha with life cover may be allowed if original
Notional Cash Option is retained & difference in premium is charged with interest @12% p.a.
compounding half-yearly.
Endorsement
Re: _Pol. No. ___________________________ Date:
At the request of the life Assured/ praposer, the following alterations are hereby
made in the policy.
1. Term Reduced to _________ .
2. Installment Premium from Rs. _________ to Rs. _______ @ Rs.________
3. Date of last premium payment ________________.
4. Date on which annuity vest ___________.
5. Date of first Pension installment ________.
Received Rs. ____________ being the amount required for effecting the alteration
as indicated above.
For LIC of India
p. Sr./ Branch Manager.
1. Quotation fee of Rs. 25/- & alteration fee of Rs. 25/- to be paid.
2. If any recovery of stamp fee is necessary, the same should be recovered from the
policyholder.
3. If any additional stamp fee required for additional annuity will also require if there is
an increase in annuity.
4. Application in writing from the policyholder for desired alteration & consent
letterform policyholder for desired alteration.
5. if policy is assigned, the assignee consent is also necessary.
( P ). Alteration in Mode of Payment of Instalment :

Mode alteration can be permitted under Jeevan Suraksha Plan, however calculating the
premium for altered mode, the NCO & Pension benefit should be kept same & premium work
out accordingly.
Form of Endorsement for Mode Alteration

Place : Date:
Policy No. ____________________________
At the request of the life assured / praposer, the following alteration are hereby
made in the policy.
1. Mode of payment of premium altered from ________ to _________.
2. Due dates of premiums ____________________________
3. Installment premium from ________ to ___________ inclusive @ Rs._______
4. Received Rs. __________ being the amount required for effecting the
alteration in mode of payment of premiums as indicated above.
For L.I.C. of India
p. Sr/Branch Manager.
However alteration from any mode of payment to single premium policy is not allowed.
Illustrative Examples for Policies Issued up to 30.06.2000:
(A) calculation of Monthly Pension Amount in respect of known
Installment of premiums :
Age of Annuitant 45 years LBD Plan 122 with life cover
Date of Commencement 27.08.1996 Term 20 Years
Vesting Age 65 Years
Calculate Pension under option F.
L.A. will pay monthly premium of Rs. 500 L.A will pay Rs. 15000/- yearly premium
p.m. Large premium rebate of 1.5% of annual
Hence annual premium will be premium in excess of Rs. 10000/- is
500*12=6000 allowed.
No large premium rebate. Here installment premium is given which
meant that in this premium rebate is
First we will find out NCO. already given.
Tabular annual premium payable monthly For finding out NCO for original premium,
for 1000 NCO for age 45 term 20 years is we have to add rebate in the net premium.
RS. 18.20 For excess premium of 5000/- will be rated
Hence NCO = 1000 x 6000 as = 5000 (i.e. 1.5% of rebate is allowed)
18.20 .985
= 329670.33 = 5076.14
= 329670/- hence rated up premium of Rs. 15000/- will
be ( 10000+ 5076.14) = 15076.14
Calculation of Pension under Option F : find out NCO : 1000 x 15.76.14
As per Tabular Chart, for NCO 1000, 18.20
pension available at vesting age 65 is = 828359.32
104.70 = 828359/-
For NCO 1000 pension 104.70 Calculation of Pension under Option F :
For NCO 329670 pension ????? As per tabular chart for NCO 1000 pension
= 329670 x 104.70 available at vesting age 65 is 104.70 hence
1000 for NCO 88359/- pension (monthly) will be
= 34516.449 yearly = 104.70 x 828359
monthly pension 1000 12
= 34516.449/12 = 7227.43 i.e. 7227/-
= 2876.37 if life assured expired with in deferment
= 2876/- period, then 50% of targeted pension is
In case of life assured commutes 25% payable to spouse. But pension calculated
NCO, then 25% of original NCO will be is under option “F” we have to calculate
82417.50, which will be paid in lump sum. pension under option “D”
For balance NCO of Rs. 247252.50 for given NCO tabular annuity for 1000
monthly pension will be NCO at vesting age 65 under option “D”
= 104.70 x 247252.50 is 122.00 Hence monthly pension
1000 = 122.00 x 828359
= 2157.27 i.e. 2157/- 1000 12
kindly note that policy documents will be = 8421.64 i.e. 8422.00
issued showing pension as per “D” option. pension payable to spouse 50% of above
Policy stamps will be affixed as per “D” for Guaranteed 15 Yrs. & life thereafter
option will be 4211.00
B) . Calculation of Installment Premium for the Desired Pension :

Mr. X age 30 years (LBD) desired monthly pension of 2500.00 on his attainment of age 60
years under option E. calculate the premium on QLY basis.
ANSWER :
First calculate NCO.
The annual pension will be 2500 x 12 = 30000.00
As per the chart for annual pension of Rs 120.90 receivable at age 60 NCO will be 1000.
Then for annual pension of Rs. 30000.00 NCO will be

NCO = 1000 x 30000
120.90
= 248138.95
Now, for 1000/- NCO QLY premium is 6.90 for age 30

Then for 248139/- NCO Qly Premium will be ?????
= 248139 x 6.90
1000
= 1712.15 i.e. 1712/-
( C ) Calculation of Notional Cash Option/ Pension under Option “D” /

CEIS Rebate / without life cover :
Mr. X, LIC employee age 40 years LBD will pay single premium of Rs. 10000/- He wish to
have monthly pension under option “D” from age 60.
ANSWER :
First we find out NCO Calculation of premium under option “D”
Deferment period 20 years As per chart for 1000 NCO vesting age 60
Tabular premium Rs 123.85 per 1000 NCO annual premium will be 118.40
CEIS rebate 2% of Tabular Premium is
allowed For 1000 NCO if the pension is 118.40
Hence Tabular Premium 123.85 For 82391 NCO the pension is ???
Less 2% . 2.477
131.373 = 82391 x 118.40
for Rs. 121.373 NCO will be 1000 1000
then for 10000 premium will be ??? = 9755.09 yearly
= 10000 x 1000
121.373 monthly pension will be 9755.09
= 82390.64 12
i.e. 82391.00 = 812.92 i.e.813/-
Illustrative Calculations for Policies issued from

01.07.2000 to 24.12.2001 :
Example 1:
Mr. X wants to take life cover policy. His age at entry 30 years. Date of commencement
01.07.2000 deferment period 25 years mode of payment of premium HLY, Premium 5000.00
Calculate (!) notional cash option (2) Annuity under option “D” i.e. 15 yrs certain (#) Special
surrender value as on 12.01.2010 (4) vesting benefit under option “F” with/without 25%
commutation (5) Death benefit before date of vesting
ANSWER :
1, FIRST WE HAVE TO FIND OUT tabular premium for 25 yrs deferment period for
without life cover.
Here, tabular premiums are given for different NCO groups so, we have to find out the NCO
group. (refer Annexure 10 )
If we select NCO group 1 lakh to 1.99 lakh then for 25 years deferment period, tabular
premium will be 11.15
Then NCO will be premium NCO
11.15 1000
5000.0 ???
NCO ‘= 5000 x 1000

11.15
= 448430.00 NCO
Calculated NCO is Rs 448430.00

Hence tabular premium for NCO group for which we have selected is wrong.
Hence correct NCO group will be Rs. 2 lakh & above.
Therefore, tabular premium for 1000 NCO for deferment period 25 years without life cover
will be Rs. 10.45 plus tabular annual premium for life cover age at entry 30 yrs & deferment
period 25 yrs is 1.50 ( refer annexure 3)
Tabular premium will be (10.45 + 1.50 )= 11.95
Less HLY rebate 2.3% ( or multiply 11.95 x .977 ) - .2748
11.6752
Therefore Half yearly premium 11.6752 / 2 = 5.8376
Now for Rs. 5.8376 NCO will be 1000 } 5000 x 1000

Then for Rs. 5000 NCO will be ???? } 5.8376
= 856516.37
=856516.00 NCO
Notional cash option will be 856516.00
(2) now we calculate annuity under option “D” i.e. 15 yrs certain for NCO 856516 and
deferment period will be 25 yrs.
Since policy is issued after 01.07.2000 annuity rates of Table 145 i.e. New Jeevan Dhara are
applicable. Refer annuity rates under annexure 7 (4) for deferred annuity p.a. payable when
deferment period is over 10 yrs and vesting age 55 yrs, under monthly mode.
Rate of annuity will be 93.70
+ incentive under high cash option ( annexure 8 ) . 6.20
99.90
Now for NCO 1000 annuity will be 99.90 } = 856516 x 99.90

Then for NCO 856516 annuity will be ???? } 1000
= 85565.948 annual
12
= 7130.495 i.e. 7131/- monthly
monthly pension of 7131.00 under option “D” will be treated as guaranteed and will be taken
into account while stamping policy, in policy schedule and if death of life assured takes place
before date of vesting and provided policy is in force then 50% of this pension i.e. 7131 / 2 =
3565.50 i.e. 3566/- (minimum ) will be payable to spouse.
(3) Special surrender value as on 12.01.2010 ( fup 07.2010)

calculate reduced notional cash option :
07.2010 FUP } 10 x 856516
- 07.2000 } 25
10 } = 342606.4
= 342606/-
outstanding deferment period as on date of surrender will be
date of vesting 01.07.2025
- date of surrender 12.01.2010
19.05. 15
period rounded to nearest quarter i.e. 15 yrs 5 months 19 days will be 15 yrs 6 months.
S.V. factor will be 0.26296

Therefore SSV = RNCO x SSV factor
= 342606 x 0.26296
= 90091.67
i.e. 90092 will be special surrender value
(4) On vesting of policy i.e. on 01.07.2025 life assured had exercised the annuity option
“F” i.e. life annuity with return of purchase price / NCO.
Final additional bonus if any, will be paid to life assured . 1st annuity cheque will be given on
01.08.2025
Annuity will be calculated as follows for NCO 856516 & for vesting age 55.
Annuitant will have an option to commute 25% of NCO.
Without commutation With 25% commutation of NCO
Refer annuity chart for table 145 annexure L.A. is exercised commutation option of
7/6, deferment period 10 yrs or more, 25% of NCO which will be paid
vesting age 55, monthly mode of annuity immediately i.e. on 01.07.2025
Basic rate of annuity 83.20
+ incentive ( Annexure 8) 6.20 25% of 856516 = 214129.00
89.40 will be commuted value.
if for NCO 1000 annuity will be 89.40 Now on balance NCO annuity will be
then for NCO 856516 annuity will be ??? calculated as per annuity rates
= 856516 x 89.40 = 642387 x 89.40

1000 1000
= 76572.53 yearly pension = 57429.397 yearly pension
12 12
= 6381.04 i.e. 6381/- = 4785.78 i.e. 4786/-
will be monthly pension payable form will be monthly pension payable form
01.08.2025 till life assured is alive. 01.08.2025 till life assured is alive.
On death of the life assured / annuitant On death of the life assured / annuitant
original NCO will be refunded to spouse / original NCO will be refunded to spouse /
nominee. nominee.
Example (3) : Calculation of Death Benefit under without life covers Plan
Mr. X wishes to have Jeevan Suraksha Plan without life cover. Date of commencement
15.08.98 term 20 years Quarterly Premium 5000.00
Life assured expired on 20.08.2001 ( fup 11/2001)
Calculate (1) NCO (2) Death Benefit
ANSWER : Life assured will pay QLY premium of Rs. 5000.00 hence Yly premium will be
20000.00 a rebate of 1.5% of annual premium in excess of Rs. 10000.00 is allowed. Hence we
have to rate up excess premium of Rs. 10000.00 ( 20000 – 10000) as follows:
= 100 x 10000
98.5
= 10152.284
hence total rated up premium is ( 10000.00 + 10152.284) = 20152.284 i.e. 20152.00
Tabular annual premium for 20 years Term without life cover will be Rs. 13.95
If For premium 13.95 NCO will be 1000
Then for premium 20152.00 NCO will be ???
NCO = 20152 x 1000

13.95
= 14,44,587.81 i.e. 14,44,588/-
Now life assured expired on 20.08.2001 & policy is without life cover. Hence death benefit
will be return of premium ( refer CO/Act/1879/4 dated 25.06.03 )
Duration of policy no of yrs premium paid
20.08.2001 11.2001
- 15.08.1998 - 08.1998
5 0 3 3 3 i.e. 13 QLY premium
Amount of death benefit payable to nominee

= Amount of premium QLY x factor for 13 QLY premium from Annexure D
= 5000 x 15.9128
= 79564.00
Example 4 : plan 122 without life cover Qly 5000 premium DOC 15.08.98
FUP 15.11.2001 date of Death 14.12.2001 & 16.12.2001
Answer: date of death 14.12.2001 Date of death 16.12.2001:
Since life assured expired with in days of Here life assured expired after days of
grace we will treat that 11.2001 as paid and grace hence death benefit will be calculated
the death benefit will be treating date of death is one day prior to
No of premiums paid FUP 11.2001
02.2002 Therefore the revised dt of death 14.11.01
08.1998 FUP 11.2001
6 3 i.e. 14 QLY premium DOC 08.1998
Amount of death benefit will be 3 3 13 QLY premium paid
= amt of Qly x factor for 14
premium Qly prem Ann D amount of death benefit will be
= 5000 x 17.2219 = amt of Qly x factor for 14
premium Qly prem Ann D
= 86109.50 = 5000 x 15.9128
less 5000.00 Qly premium due on 11.01
81109.50 Net death claim payable = 79564.00
Example 5: ( Policies issued between 01.07.2001 to 25.12.2001 )
Alteration in mode of payment under Jeevan Suraksha Plan
Policy no 922013107 plan & term 122/09 with life cover plan
DOC 1.11.2000 Premium 1000 sss Age at entry 49 LBD FUP 11/2003
Proposed alteration from SSS to Hly premium paying mode.
ANSWER :
As per CO/Mktg/CS/37/23 dated 14.03.1998, while alteration in mode of payment under
Jeevan Suraksha Plan Notional Cash Option & pension will be kept same & accordingly
premiums will be altered.
Original Calculation : Revised Calculation :
Tabular annual premium for deferment While altering mode of payment NCO will
period of 9 Years of NCO Group 1 lakh to be kept same. Hence
1.99 lakh for without life cover is 69.55 Tab. Premium for 9 yrs 71.85
Add: premium for life cover 2.30 Less HLY rebate 2.3% . 1.65255
Total Premium 71.85 70.19745
Hence SSS Premium will be there for HLY premium = 70.19745

71.85 / 12 = 5.9875 2
= 35.098725
Now we know the premium i.e. premium is
fixed and we have to find out the NCO Now we know NCO & we have to
calculate HLY premium
For premium 5.9875 sss NCO 1000
Then for prem 1000 sss NCO ??? Procedure will be exactly opposite as
= 1000 x 1000 shown in original calculation
5.9875
NCO = 167014.61 i.e. 167014.00 For NCO 1000 premium HLY 35.098725
Then for NCO 167014 premium HLY ???
For issue of the policy pension will be
calculated as per D option Premium HLY = 167014 x 35.098725
Annuity rates are applicable of Table 145 1000
for deferment period 6 to 10 years
= 5861.98
Basic monthly annuity vesting age 58, for
NCO 167014 monthly mode is 100.70 i.e. New Half Yearly Premium will be
+ incentive for deferment period 5862.00
6 to 10 yrs NCO group 1 lakh
to 1.99 lakh 4.50
105.20
Now we know NCO & we have find out

pension
For NCO 1000 Pension will be 105.20
Then NCO 167014 Pension will be ???
= 167014 x 105.20
1000
= 17569.87 annual pension
therefore monthly pension = 17569.87

12
= 1464.00
Circular :Act/ 1603/4 dated 10 January 1997

Jeevan Suraksha Plan 122
Premium Rates for policies issued in Between 15.08.1996 to 30.06.2000
( per 1000 Notional Cash Option )
Deferment Funding approach Funding Approach 3
Period Single premium Annual premium without life cover
without life cover
i.e. 15.01.98
Single premium Yearly HLY QLY Monthly
5 629.30 145.35 149.75 151.95 154.10
6 563.45 112.95 116.40 118.10 119.75
7 503.90 90.25 93.00 94.35 95.70
8 450.15 73.55 75.80 76.90 78.00
9 401.70 60.85 62.70 63.65 64.55
10 358.10 51.00 52.60 53.35 54.10
11 320.40 43.30 44.65 45.30 45.95
12 286.45 37.05 38.20 38.75 39.90
13 255.90 31.90 32.90 33.40 33.85
14 228.45 27.55 28.40 28.85 29.85
15 203.85 23.85 24.60 24.95 25.35
16 184.65 21.10 21.80 22.15 22.40
17 167.20 18.75 19.35 19.65 19.90
18 151.35 16.70 17.25 17.50 17.75
19 136.95 14.90 15.40 15.60 15.85
20 123.85 13.30 13.75 13.95 14.15
21 112.00 11.95 12.35 12.55 12.70
22 101.25 10.70 11.05 11.25 11.40
23 91.50 9.65 10.00 10.15 10.25
24 82.65 8.70 9.00 9.15 9.25
25 74.70 7.85 8.15 8.25 8.35
26 67.45 7.10 7.35 7.45 7.55
27 60.90 6.45 6.70 6.80 6.90
28 55.00 5.85 6.05 6.15 6.25
29 49.65 5.30 5.50 5.60 5.65
30 44.80 4.85 5.05 5.10 5.20
31 4.40 4.60 4.65 4.70
32 4.05 4.20 4.30 4.35
33 3.70 3.85 3.90 3.95
34 3.40 3.55 3.60 3.65
35 3.15 3.30 3.35 3.40
Kindly note that premium rates for HLY,
QLY & monthly are on annual basis.
Funding approach 4 : Endowment Type
For policies issued between 01.07.1998 to 30.06.2000
(Tabular annual premium rates)
Age LBD Deferment Period
5 6 7 8 9 10 11 12 13 14 15 16
- - - - - - - - - - - -
25
- - - - - - - - - - - -
26
- - - - - - - - - - - -
27
- - - - - - - - - - - -
28
- - - - - - - - - - - -
29
- - - - - - - - - - - -
30
- - - - - - - - - - - -
31
- - - - - - - - - - - -
32
- - - - - - - - - - - -
33
- - - - - - - - - - - -
34
- - - - - - - - - - - -
35
- - - - - - - - - - - -
36
- - - - - - - - - - - -
37
- - - - - - - - - - - -
38
- - - - - - - - - - - 63.80
39
- - - - - - - - - - 64.15
40
- - - - - - - - - 75.25 64.50
41
- - - - - - - - 82.45 75.65 64.90
42
- - - - - - - 90.70 82.80 76.00 70.10 65.35
43
- - - - - - 100.40 91.10 83.25 76.45 70.55 65.85
44
- - - - - 111.85 100.80 91.50 83.65 76.90 71.10 66.40
45
- - - - 124.95 112.20 101.20 91.95 84.15 77.45 71.65 67.00
46
- - - 141.05 125.35 112.65 101.65 92.45 84.65 78.00 72.20 67.60
47
- - 161.45 141.40 125.75 113.05 102.15 92.95 85.20 78.60 72.85 68.30
48
- 188.45 161.85 141.85 126.20 113.55 12.65 93.50 85.80 79.45 73.55 69.05
49
225.70 188.80 162.25 142.25 126.65 114.05 103.20 94.10 86.45 79.95 74.35 69.85
50
226.05 189.20 162.65 142.70 127.15 114.60 103.80 94.70 87.20 80.70 75.15 70.75
51
226.45 189.60 163.10 143.20 127.70 115.20 104.45 95.45 87.95 81.55 76.05 71.70
52
226.80 190.00 163.55 143.70 128.25 115.85 105.15 96.25 88.80 82.45 77.05 72.80
53
227.20 190.45 164.05 144.25 128.90 116.55 105.90 97.10 89.70 83.45 78.15 73.95
54
227.60 190.90 164.60 144.90 129.60 117.30 106.75 98.00 90.75 84.60 79.35
55
228.10 191.50 165.25 145.65 130.40 118.20 107.75 99.10 91.90 85.90
56
228.65 192.15 166.00 146.45 131.35 119.25 108.90 100.30 93.25
57
229.35 192.95 166.80 147.40 132.35 120.40 110.15 101.70
58
230.10 193.80 167.80 148.45 133.55 121.65 111.60
59
230.95 194.70 168.80 149.60 134.85 123.15
60
321.85 195.70 169.95 150.90 136.30
61
323.70 196.80 171.25 152.35
62
233.75 198.00 172.65 -
63
235.20 199.70 - -
64
236.85 - - -
65
Age Deferment Period
LBD
17 18 19 20 21 22 23 24 25 26 27 28
25
26
27 28.90
28 30.65 29.10
29 32.50 30.80 29.30
30 34.55 32.70 31.05 29.55
31 36.75 34.75 32.95 31.30 29.80
32 39.20 37.00 35.00 33.20 31.60 30.10
33 41.80 39.45 37.25 35.30 33.50 31.90 30.45
34 44.70 42.10 39.70 37.55 35.60 33.85 32.25 30.80
35 47.85 45.00 42.35 40.00 37.90 35.95 34.20 32.60 31.20
36 51.30 48.15 45.30 42.70 40.35 38.25 36.30 34.60 33.05 31.65
37 55.05 51.60 48.45 45.60 43.05 40.70 38..65 36.75 35.05 33.50 32.10
38 59.20 55.35 51.90 48.80 46.00 43.40 41.15 39.05 37.20 35.50 34.00 32.65
39 59.50 55.70 52.25 49.20 46.40 43.85 41.60 39.55 37.70 36.05 34.55 33.25
40 59.85 56.05 52.65 49.60 46.80 44.30 42.10 40.05 38.25 36.60 35.15 33.90
41 60.25 56.50 53.10 50.10 47.30 44.85 42.65 40.65 38.85 37.25 35.85 34.60
42 60.70 56.95 53.60 50.60 47.85 45.45 43.25 41.30 39.55 38.00 36.60 35.40
43 61.15 57.45 54.15 51.15 48.50 46.05 43.90 42.00 40.30 38.80 37.45
44 61.70 58.00 54.70 51.80 49.15 46.75 44.65 42.80 41.10 39.65
45 62.25 58.60 55.35 52.50 49.85 47.55 45.45 43.65 42.00
46 62.90 59.30 56.05 53.25 50.65 48.35 46.35 44.60
47 63.55 60.00 56.85 54.05 51.50 49.30 47.30
48 64.30 60.75 57.65 54.90 52.45 50.25
49 65.10 61.60 58.55 55.90 53.45
50 65.95 62.55 59.55 56.95
51 66.90 63.55 60.65
52 67.95 64.70
53 69.10
LBD
29 30 31 32 33 34 35
25 25.90 24.75 23.65 22.70 21.80 21.00
26 27.35 26.05 24.90 23.85 22.90 22.00 21.25
27 27.50 26.25 25.10 24.05 23.10 22.25 21.45
28 27.70 26.45 25.30 24.25 23.35 22.50 21.70
29 27.95 26.70 25.55 24.55 23.60 22.75 22.00
30 28.20 26.95 25.80 24.80 23.90 23.10 22.35
31 28.45 27.25 26.15 25.15 24.25 23.45 22.70
32 28.75 27.55 26.45 25.50 26.60 23.85 23.15
33 29.10 27.90 26.85 25.90 25.05 24.25 23.60
34 29.50 28.30 27.25 26.35 25.50 24.75 24.10
35 29.90 28.75 27.75 26.80 26.00 25.25 24.65
36 30.35 29.25 28.25 27.35 26.55 25.85
37 30.90 29.80 28.80 27.95 27.15
38 31.45 30.35 29.40 28.55
39 32.05 31.00 30.10
40 32.75 31.70
41 33.50
42
Funding approach 2 : With Life Cover
(Tabular annual premium rates for 1000 NCO payable YEARLY)
LBD
5 6 7 8 9 10 11 12 13 14 15 16
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39 23.05
40 25.90 23.20
41 29.65 26.05 23.35
42 34.05 29.80 26.20 23.55
43 39.30 34.20 29.95 26.40 23.75
44 45.60 39.45 34.40 30.15 26.60 24.00
45 53.35 45.75 39.65 34.60 30.40 26.85 24.25
46 63.25 53.50 45.95 39.85 34.85 30.65 27.15 24.55
47 76.00 63.40 53.70 46.15 40.10 35.10 30.95 27.40 24.90
48 92.70 76.15 63.60 53.95 46.40 40.30 35.40 31.25 27.75 25.25
49 115.40 92.90 76.40 63.85 54.20 46.70 40.65 35.75 31.60 28.15 25.70
50 147.80 115.60 93.10 76.60 64.10 54.50 47.00 41.00 36.10 32.05 28.60 26.20
51 147.95 115.80 93.30 76.85 64.40 54.80 47.35 41.35 36.55 32.50 29.15 26.75
52 148.15 116.00 93.55 77.15 64.70 55.15 47.75 41.80 37.00 33.05 29.70 27.40
53 148.35 116.25 93.85 77.50 65.05 55.55 48.20 42.30 37.55 33.60 30.40 28.10
54 148.60 116.55 94.15 77.85 65.45 56.00 48.70 42.85 38.15 34.30 31.15 28.95
55 148.85 116.85 94.50 78.25 65.95 56.50 49.25 43.50 38.85 35.10 32.00
56 149.15 117.20 94.90 78.70 66.45 57.05 49.90 44.20 39.65 35.90
57 149.45 117.60 95.35 79.20 67.05 57.70 50.65 45.00 40.55
58 149.85 118.05 95.85 79.80 67.70 58.45 51.45 45.95
59 150.20 118.55 96.40 80.45 68.40 59.25 52.40
60 150.60 119.10 97.05 81.15 69.25 60.25
61 151.20 119.75 97.80 82.00 70.25
62 151.75 120.45 97.65 82.90
63 152.40 121.25 99.55
64 153.10 122.10
65 153.90
(Tabular annual premium rates for 1000 NCO payable YEARLY

LBD
17 18 19 20 21 22 23 24 25 26 27 28
25
26
27 7.35
28 7.95 7.40
29 8.65 8.05 7.45
30 9.40 8.70 8.10 7.55
31 10.30 9.50 8.75 8.15 7.60
32 11.30 10.35 9.55 8.85 8.25 7.70
33 12.35 11.35 10.45 9.65 8.95 8.35 7.80
34 13.65 12.45 11.40 10.55 9.75 9.05 8.50 7.95
35 15.05 13.75 12.55 11.55 10.65 9.90 9.20 8.65 8.10
36 16.70 15.15 13.85 12.65 11.70 10.80 10.05 9.35 8.80 8.30
37 18.55 16.80 15.30 14.00 12.80 11.85 11.00 10.20 9.55 9.00 8.55
38 20.65 18.70 16.95 15.40 14.15 13.00 12.00 11.15 10.40 9.80 9.25 8.80
39 20.80 18.80 17.10 15.60 14.30 13.15 12.25 11.40 10.65 10.05 9.55 9.10
40 20.95 19.00 17.25 15.75 14.55 13.40 12.45 11.65 10.95 10.35 9.85 9.45
41 21.10 19.15 17.45 16.00 14.75 13.65 12.75 11.95 11.25 10.70 10.25 9.85
42 21.30 19.35 17.70 16.25 15.00 13.95 13.05 12.30 11.60 11.10 10.65 10.30
43 21.55 19.60 17.95 16.50 15.35 14.25 13.40 12.65 12.05 11.55 11.15
44 21.75 19.90 18.25 16.85 15.65 14.65 13.80 13.10 12.50 12.05
45 22.05 20.20 18.60 17.20 16.05 15.05 14.30 13.60 13.10
46 22.40 20.55 18.95 17.60 16.50 15.55 14.80 14.20
47 22.75 20.95 19.40 18.10 17.05 16.10 15.45
48 23.15 21.40 19.90 18.65 17.65 16.75
49 23.65 21.90 20.45 19.25 18.30
50 24.20 22.50 21.10 19.95
51 24.80 23.20 21.85
52 25.50 23.95
53 26.30
(Tabular annual premium rates for 1000 NCO payable YEARLY

LBD
29 30 31 32 33 34 35
25 6.30 5.90 5.55 5.25 4.95 4.75
26 6.80 6.35 5.95 5.60 5.30 5.00 4.80
27 6.80 6.40 6.00 5.65 5.35 5.10 4.90
28 6.90 6.45 6.05 5.75 5.40 5.15 4.95
29 6.95 6.55 6.10 5.80 5.50 5.25 5.05
30 7.00 6.60 6.20 5.90 5.60 5.40 5.25
31 7.10 6.70 6.30 6.00 5.75 5.50 5.35
32 7.20 6.80 6.45 6.15 5.90 5.65 5.50
33 7.35 6.95 6.60 6.30 6.05 5.85 5.70
34 7.50 7.10 6.75 6.50 6.25 6.05 5.95
35 7.65 7.30 6.95 6.70 6.50 6.35 6.25
36 7.85 7.50 7.20 7.00 6.80 6.65
37 8.10 7.80 7.50 7.30 7.10
38 8.40 8.10 7.80 7.65
39 8.70 8.45 8.20
40 9.10 8.85
41 9.55
42

Tabular annual premium rates for 1000 NCO payable HALF YEARLY

5 6 7 8 9 10 11 12 13 14 15 16
39 23.75
40 26.65 23.90
41 30.55 26.80 24.05
42 35.10 30.70 27.00 24.25
43 40.05 35.25 30.85 27.20 24.45
44 46.95 40.65 35.45 31.05 27.40 24.70
45 54.95 47.10 40.80 35.65 31.30 27.65 24.95
46 65.15 55.15 47.35 41.05 35.90 31.55 27.95 25.30
47 78.25 65.30 55.35 47.55 41.30 36.15 31.85 28.25 25.65
48 95.50 78.45 65.50 55.55 47.80 41.55 36.45 32.20 28.60 26.00
49 118.85 95.65 78.65 65.75 55.80 48.10 41.85 36.80 32.55 29.00 26.45
50 152.20 119.05 95.90 78.90 66.00 56.10 48.40 42.20 37.20 33.00 29.50 27.00
51 152.40 119.25 96.10 79.15 66.30 56.45 48.80 42.60 37.65 33.45 30.00 27.55
52 152.60 119.50 96.35 79.45 66.65 56.80 49.20 43.05 38.10 34.00 30.60 28.20
53 152.80 119.75 96.65 79.80 67.00 57.20 49.65 43.55 38.70 34.65 31.30 28.95
54 153.05 120.05 97.00 80.15 67.45 57.70 50.15 44.15 39.30 35.35 32.05 29.80
55 153.30 120.40 97.35 80.60 67.90 58.20 50.75 44.80 40.00 36.15 32.95
56 153.60 120.75 97.75 81.05 68.45 58.80 51.40 45.55 40.85 37.05
57 153.95 121.15 98.20 81.60 69.05 59.45 52.15 46.35 41.75
58 154.30 121.60 98.70 82.15 69.70 60.20 53.00 47.30
59 154.75 122.10 99.30 82.85 70.50 61.05 53.95
60 155.20 122.65 99.95 83.60 71.35 62.05
61 155.70 123.30 100.75 84.45 72.35
62 156.30 124.05 101.60 85.40
63 156.95 124.85 102.55
64 157.70 125.80
65 158.50
Kindly note that above premium rates are on annual basis, where premium
will be paid on Half Yearly basis. Hence while calculating NCO, for given
half yearly premium first calculate given half yearly premium into yearly
premium i.e. multiply half yearly premium by 2
For example if life assured wish to pay 5000/- premium on half yearly basis
then, annual premium will be (5000 x 2 ) = 10000/-


LBD
17 18 19 20 21 22 23 24 25 26 27 28
27 7.55
28 8.20 7.60
29 8.90 8.25 7.70
30 9.70 8.95 8.35 7.75
31 10.60 9.75 9.05 8.40 7.85
32 11.60 10.70 9.85 9.10 8.50 7.95
33 12.75 11.70 10.75 9.95 9.20 8.60 8.05
34 14.05 12.80 11.80 10.85 10.05 9.35 8.75 8.20
35 15.50 14.15 12.95 11.90 11.00 10.20 9.50 8.90 8.35
36 17.20 15.60 14.25 13.05 12.05 11.15 10.35 9.65 9.05 8.55
37 19.10 17.30 15.75 14.40 13.25 12.20 11.30 10.50 9.85 9.30 8.80
38 21.30 19.25 17.45 15.90 14.55 13.35 12.40 11.50 10.75 10.10 9.55 9.05
39 21.40 19.40 17.60 16.05 14.75 13.55 12.60 11.75 11.00 10.35 9.85 9.35
40 21.55 19.55 17.80 16.25 14.95 13.80 12.85 12.00 11.25 10.65 10.15 9.75
41 21.75 19.75 18.00 16.45 15.20 14.05 13.10 12.30 11.60 11.00 10.55 10.15
42 21.95 19.95 18.20 16.70 15.45 14.35 13.45 12.65 11.95 11.40 11.00 10.65
43 22.15 20.20 18.50 17.00 15.80 14.70 13.80 13.05 12.40 11.90 11.50
44 22.45 20.50 18.80 17.35 16.15 15.05 14.25 13.50 12.90 12.45
45 22.70 20.80 19.15 17.70 16.55 15.50 14.70 14.05 13.45
46 23.05 21.15 19.55 18.15 17.00 16.00 15.25 14.65
47 23.45 21.55 20.00 18.65 17.55 16.60 15.90
48 23.85 22.05 20.50 19.20 18.15 17.25
49 24.45 22.60 21.10 19.85 18.85
50 24.70 23.20 21.75 20.55
51 25.55 23.90 22.50
52 26.25 24.70
53 27.10
54

LBD
29 30 31 32 33 34 35
25 6.50 6.05 5.70 5.40 5.10 4.90
26 7.00 6.55 6.10 5.75 5.45 5.15 4.95
27 7.05 6.60 6.15 5.85 5.50 5.25 5.00
28 7.10 6.65 6.25 5.90 5.60 5.30 5.10
29 7.15 6.75 6.30 6.00 5.70 5.40 5.20
30 7.25 6.80 6.40 6.10 5.80 5.55 5.35
31 7.30 6.90 6.50 6.20 5.90 5.70 5.50
32 7.45 7.05 6.65 6.35 6.05 5.85 5.65
33 7.55 7.15 6.80 6.50 6.25 6.05 5.90
34 7.70 7.35 6.95 6.70 6.45 6.25 6.10
35 7.90 7.50 7.15 6.90 6.70 6.50 6.40
36 8.10 7.75 7.40 7.20 7.00 6.85
37 8.35 8.00 7.70 7.50 7.35
38 8.65 8.35 8.05 7.90
39 9.00 8.70 8.45
40 9.35 9.15
41 9.80
Example : A person aged 25wish to pay Rs. 10000/- as HLY for 30 yrs. Find out NCO
& Pension under option “D”.
ANSWER : L.A. will pay half yearly premium of 10000/-. Hence annual premium will be (
10000 x 2 ) = 20000
Large premium rebate of 1.5% of annual premium in excess of Rs. 10000/- is allowed. We
will find gross premium after adding such benefit. Excess premium (20000 – 10000 ) i.e.
10000/- will be rated as follows i.e. rebate will be added.
10000 = 10152.28
.985
hence rated up premium will be (10000 + 10152.28 ) = 20152.28
Now we will find out the NCO Pension under option “D”
As per tabular premium chart, for NCO 1000 vesting age 55 pension under
Age 25, term 20 for 1000 NCO option “D” is 114.90
Annual premium will be 6.50
If for premium 6.50 NCO 1000 if NCO 1000 Pension will be 114.90
Then for prem 20152.28 NCO ?? then NCO 3100351 Pension will be ????
NCO = 20152.28 x 1000 monthly pension = 3100351 x 114.90

6.50 1000 12
= 29685.86
= 3100351.30 i.e. 29686.00
i.e. 3100351/- NCO
Tabular annual premium rates for 1000 NCO payable QUARTERLY

LBD
5 6 7 8 9 10 11 12 13 14 15 16
39 24.10
40 27.05 24.25
41 31.00 27.20 24.40
42 35.60 31.15 27.40 24.60
43 41.05 35.75 31.30 27.55 24.80
44 47.65 41.20 35.95 31.50 27.80 25.05
45 55.75 47.80 41.40 36.15 31.75 28.05 25.35
46 66.10 55.95 48.00 41.65 36.40 32.00 28.35 25.65
47 79.40 66.25 56.15 48.25 41.90 36.70 32.30 28.65 26.00
48 96.85 79.60 66.45 56.35 48.50 42.15 37.00 32.65 29.00 26.40
49 120.60 97.05 79.80 66.70 56.65 48.80 42.50 37.35 33.05 29.45 26.85
50 154.45 120.80 97.25 80.05 67.00 56.95 49.10 42.85 37.75 33.45 29.90 27.35
51 154.60 121.00 97.50 80.35 67.30 57.25 49.50 43.25 38.15 33.95 30.45 27.95
52 154.80 121.25 97.75 80.60 37.60 57.65 49.90 43.70 38.65 34.50 31.05 28.60
53 155.05 121.50 98.05 80.95 68.00 58.05 50.35 44.20 39.25 35.15 31.75 29.40
54 155.25 121.80 98.40 81.35 68.40 58.50 50.90 44.80 39.90 35.85 32.55 30.25
55 155.55 122.15 98.75 81.75 68.90 59.05 51.50 45.45 40.60 36.65 33.45
56 155.85 122.50 99.15 82.25 69.45 59.65 52.15 46.20 41.40 37.55
57 156.20 122.90 99.60 82.75 70.05 60.30 52.90 47.05 42.35
58 156.55 123.35 100.15 83.35 70.75 61.05 53.75 48.00
59 157.00 123.90 100.75 84.05 71.50 61.95 54.75
60 157.45 124.45 101.45 84.80 72.40 62.95
61 18.00 125.10 102.20 85.70 73.40
62 158.60 125.85 103.05 86.65
63 159.25 126.70 104.05
64 160.00 127.60
65 160.85
Kindly note that above premium rates are n Annual basis, where premium will be paid
by QLY basis. Hence if Life Assured wish to know pension for his desired QLY
premium, then first convert said QLY premium into YLY one i.e. by multiplying by 4.
e.g. QLY premium 5000/- will be (5000 x 4 ) = 20000 YLY premium.
Funding approach 2 : With Life CoverFor policies issued between 15.08.1996 to
30.06.2000Tabular annual premium rates for 1000 NCO payable QUARTERLY
17 18 19 20 21 22 23 24 25
30 9.85
31 10.75 9.90
32 11.80 10.85 10.00
33 12.90 11.85 10.90 10.10
34 14.25 13.00 11.95 11.05 10.20
35 15.75 14.35 13.10 12.10 11.15 10.35
36 17.45 15.85 14.50 13.25 12.20 11.30 .10.50
37 19.40 17.55 15.95 14.60 13.40 12.35 11.45 10.65
38 21.60 19.50 17.70 16.10 14.80 13.55 12.55 11.65 10.90
39 21.75 19.65 17.85 16.30 14.95 13.75 12.80 11.90 11.15
40 21.90 19.85 18.05 16.50 15.20 14.00 13.00 12.15 11.45
41 22.05 20.00 18.25 16.70 15.40 14.25 13.30 12.50 11.5
42 22.25 20.25 18.50 16.95 15.70 14.55 13.65 12.85 12.15
43 22.50 20.50 18.75 17.25 16.00 14.90 14.00 13.25 12.60
44 22.75 20.80 19.05 17.60 16.40 15.30 14.45 13.70 13.10
45 23.05 21.10 19.40 17.95 16.80 15.75 14.90 14.25 13.65
46 23.40 21.45 19.80 18.40 17.25 16.25 15.50 14.85
47 23.80 21.90 20.30 18.90 17.80 16.85 16.10
48 24.20 22.35 20.80 19.45 18.45 17.50
49 24.70 22.90 21.40 20.10 19.15
50 25.30 23.50 22.05 22.85
51 25.90 24.25 22.85
52 26.65 25.05
53 27.50
54
Funding approach 2 : With Life CoverFor policies issued between 15.08.1996 to
30.06.2000 Tabular annual premium rates for 1000 NCO payable QUARTERLY
26 27 28 29 30 31 32 33 34 35
25 6.60 6.15 5.80 5.45 5.20 4.95
26 7.10 6.65 6.20 5.85 5.50 5.25 5.00
27 7.70 7.15 6.70 6.25 5.90 5.60 5.30 5.10
28 8.35 7.75 7.20 6.75 6.30 6.00 5.65 5.40 5.20
29 9.05 8.40 7.80 7.25 6.80 6.40 6.10 5.75 5.50 5.30
30 9.10 8.45 7.85 7.35 6.90 6.50 6.20 5.85 5.60 5.45
31 9.15 8.55 7.95 7.45 7.00 6.60 6.30 6.00 5.75 5.60
32 9.25 8.65 8.05 7.55 7.15 6.75 6.45 6.15 5.90 5.75
33 9.35 8.75 8.15 7.65 7.25 6.90 6.60 6.35 6.10 5.95
34 9.50 8.85 8.30 7.80 7.45 7.05 6.80 6.55 6.35 6.20
35 9.60 9.00 8.50 8.00 7.65 7.25 7.00 6.80 6.60 6.50
36 9.80 9.20 8.70 8.20 7.85 7.50 7.30 7.10 6.95
37 10.00 9.40 8.90 8.45 8.15 7.80 7.60 7.45
38 10.25 9.70 9.20 8.75 8.45 8.15 8.00
39 10.50 9.95 9.50 9.10 8.85 8.55
40 10.80 10.30 9.85 9.50
41 11.15 10.70 10.30 9.95
42 11.60 11.15 10.80
43 12.05 11.65
44 12.60
Tabular annual premium rates for 1000 NCO payable
MONTHLY
LBD
5 6 7 8 9 10 11 12 13 14 15 16
39 24.45
40 27.45 24.60
41 31.45 27.60 24.75
42 36.10 31.60 27.75 24.95
43 41.65 36.30 31.75 27.95 25.15
44 48.30 41.80 36.45 32.00 28.20 25.40
45 56.55 48.50 42.00 36.70 32.20 28.45 25.70
46 6.05 56.75 48.70 42.25 36.95 32.50 28.75 26.00
47 80.55 67.20 56.95 48.95 42.50 37.20 32.80 29.05 26.40
48 98.25 80.75 67.45 57.20 49.20 42.75 37.50 33.10 29.45 26.80
49 122.35 98.45 80.95 67.65 57.45 49.50 43.10 37.85 33.50 29.85 27.25
50 156.65 122.55 98.65 81.20 67.95 57.75 49.85 43.45 38.25 33.95 30.35 27.75
51 156.85 122.75 98.90 81.50 68.25 58.10 50.20 43.85 38.70 34.45 30.90 28.35
52 157.05 123.00 99.15 81.80 68.60 58.45 50.60 44.30 39.25 35.00 31.50 29.05
53 157.25 123.25 99.45 82.15 68.95 58.90 51.10 44.85 39.80 35.65 32.20 29.80
54 157.50 123.55 99.80 82.50 69.40 59.35 51.60 45.45 40.45 36.35 33.00 3.70
55 157.80 123.90 100.15 82.95 69.90 59.90 52.20 46.10 41.20 37.30 33.90
56 158.10 124.25 100.60 83.40 70.45 60.50 52.90 46.85 42.00 38.10
57 158.45 124.65 101.05 83.95 71.05 61.15 53.65 47.70 43.00
58 158.80 125.15 101.60 84.55 71.75 61.95 54.55 48.70
59 159.25 125.65 102.20 85.25 72.55 62.80 55.55
60 159.70 126.25 102.90 86.00 73.40 63.85
61 160.25 126.90 103.65 86.90 74.45
62 160.85 127.65 104.55 87.90
63 161.55 128.50 105.55
64 162.30 129.45
65 163.15
Funding approach 2 : With Life CoverFor policies issued between 15.08.1996 to 30.06.2000
Tabular annual premium rates for 1000 NCO payable MONTHLY
17 18 19 20 21 22 23 24 25
30 10.00
31 10.90 10.05
32 11.95 11.00 10.15
33 13.10 12.05 11.10 10.25
34 14.45 13.20 12.15 11.20 10.35
35 15.95 14.55 13.30 12.25 11.30 10.50
36 17.70 16.05 14.70 13.45 12.40 11.45 10.65
37 19.65 17.80 16.20 14.85 13.60 12.55 11.65 10.85
38 21.90 19.80 17.95 16.35 15.00 13.75 12.75 11.85 11.05
39 22.05 19.95 18.10 16.50 15.20 13.95 12.95 12.05 11.30
40 22.20 20.10 18.30 16.70 15.40 14.20 13.20 12.35 11.60
41 22.40 20.30 18.50 16.95 15.65 14.45 13.50 12.65 11.95
42 22.60 20.55 18.75 17.20 15.90 14.75 13.85 13.00 12.30
43 22.80 20.80 19.05 17.50 16.25 15.10 14.20 13.40 12.75
44 23.10 21.05 19.35 17.85 16.60 15.50 14.65 13.90 13.30
45 23.40 21.40 19.70 18.20 17.05 15.95 15.15 14.45 13.85
46 23.70 21.75 20.10 18.65 17.50 16.50 15.70 15.05
47 24.10 22.20 20.55 19.15 18.05 17.10 16.35
48 24.55 22.70 21.10 19.75 18.70 17.75
49 25.05 23.25 21.70 20.40 19.40
50 25.65 23.85 22.40 21.15
51 26.30 24.60 23.15
52 27.05 25.40
53 27.90
Funding approach 2 : With Life Cover For policies issued between 15.08.1996 to
30.06.2000Tabular annual premium rates for 1000 NCO payable MONTHLY
26 27 28 29 30 31 32 33 34 35
25 6.70 6.25 5.90 5.55 5.25 5.00
26 7.20 6.75 6.30 5.95 5.60 5.30 5.10
27 7.80 7.25 6.80 6.35 6.00 5.65 5.40 5.15
28 8.45 7.85 7.30 6.85 6.40 6.10 5.75 5.50 5.25
29 9.15 8.50 7.90 7.35 6.90 6.50 6.15 5.85 5.60 5.35
30 9.25 8.55 8.00 7.45 7.00 6.60 6.25 5.95 5.70 5.50
31 9.30 8.65 8.05 7.55 7.10 6.70 6.40 6.10 5.85 5.65
32 9.40 8.75 8.15 7.65 7.25 6.80 6.55 6.25 6.00 5.85
33 9.50 8.85 8.30 7.75 7.35 7.00 6.70 6.40 6.20 6.05
34 9.60 9.00 8.45 7.95 7.55 7.15 6.90 6.65 6.45 6.30
35 9.75 9.15 8.60 8.10 7.75 7.35 7.10 6.90 6.70 6.60
36 9.95 9.35 8.80 8.35 7.95 7.65 7.40 7.20 7.05
37 10.15 9.55 9.05 8.60 8.25 7.95 7.75 7.55
38 10.35 9.80 9.30 8.90 8.60 8.30 8.10
39 10.65 10.10 9.65 9.25 8.95 8.70
40 10.95 10.45 10.00 9.65 9.40
41 11.35 10.85 10.45 10.10
42 11.75 11.30 10.95
43 12.25 11.85
44 12.80
(Without Life Cover)
SINGLE PREMIUM per 1000 Notional Cash Option
FOR POLICIES ISSUED FROM 1/7/2000 TO 24/12/2001

Notional Cash Option Groups
Deferment Up to 50000 to 100000 to 200000 &
period Yrs 49,999/- 99,999 1,99,999 above
5 601.25 592.00 587.35 585.00

6 542.35 532.45 527.55 525.10
7 489.50 479.10 473.90 471.30
8 442.10 432.15 425.80 423.10
9 399.60 388.30 382.70 379.85
10 361.45 349.80 344.00 341.10
11 330.00 318.05 312.05 309.05
12 301.55 289.25 283.10 280.05
13 275.80 263.25 256.95 253.80
14 252.50 239.70 233.25 230.05
15 231.40 218.35 211.85 208.60
16 214.00 200.75 194.15 190.85
17 198.15 184.70 178.00 174.60
18 183.65 170.00 163.20 159.80
19 170.40 156.60 149.75 146.30
20 158.30 144.40 137.40 133.95
21 147.25 133.20 126.20 122.65
22 137.15 123.00 115.90 112.35
23 127.95 113.65 106.55 102.95
24 119.50 105.15 97.95 94.40
25 111.85 97.40 90.15 86.55
26 104.80 90.30 83.00 79.35
27 83.80 76.50 72.85
28 77.85 70.55 66.85
29 73.45 65.10 61.40
30 67.55 60.10 56.40
Note : the premium rates are given only for those deferment period where
minimum single premium of Rs. 5000/- purchase a Notional Cash Option which
lies within the respective NCO Group.
(Without Life Cover)
Tabular Annual Premium per 1000 Notional Cash Option
FOR POLICIES ISSUED FROM 1/7/2000 TO 24/12/2001

Notional Cash Option Groups
Deferment Up to 50000 to 100000 to 200000 &
period Yrs 49,999/- 99,999 1,99,999 above
5 164.10 160.75 159.10 158.25

6 129.70 126.50 124.90 124.10
7 105.50 102.40 100.85 100.10
8 87.65 84.65 83.10 82.35
9 74.00 71.05 69.55 68.80
10 63.30 60.35 58.90 58.20
11 55.15 52.25 50.85 50.10
12 48.45 45.60 44.20 43.45
13 42.85 40.05 38.65 37.95
14 38.20 35.40 34.00 33.30
15 31.40 30.00 29.35
16 28.25 26.85 26.15
17 25.50 24.10 23.45
18 23.10 21.70 21.05
19 20.95 19.60 18.90
20 19.10 17.75 17.05
21 16.10 15.40
22 14.65 13.95
23 13.35 12.65
24 12.20 11.50
25 11.15 10.45
26 10.20 9.55
27 9.40 8.70
28 7.95
29 7.30
30 6.70
31 6.15
32 5.65
33 5.20
34 4.80
35 4.40
1. Above rates are for without life cover. For finding out premium for which
life cover, add premium for LIFE COVER in above rates.
2. scale of mode rebate : Mode rebate as % of Tabular Premium
Yearly 5%
Hly 2.3%
Qly 1.0%
( With Life Cover )
Tabular ANNUAL PREMIUM per 1000 NCO for life cover alone
( for policies issued from 01.07.2000 to 24.12.2001)
age Deferment period

5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
35 1.60
36 1.65 1.70
37 1.65 1.70 1.75
38 1.70 1.75 1.80 1.85
39 1.70 1.75 1.80 1.85 1.90
40 1.75 1.80 1.85 1.90 1.95 2.00
41 1.80 1.85 1.90 1.95 2.00 2.05 2.15
42 1.80 1.85 1.90 2.00 2.05 2.10 2.20 2.25
43 1.85 1.90 1.95 2.05 2.10 2.20 2.25 2.35 2.45
44 1.85 1.95 2.00 2.10 2.15 2.25 2.30 2.40 2.50 2.65
45 1.90 2.00 2.05 2.15 2.20 2.30 2.40 2.50 2.60 2.70 2.85
46 1.95 2.00 2.10 2.20 2.25 2.35 2.45 2.55 2.65 2.80 2.95 3.05
47 1.95 2.05 2.15 2.20 2.30 2.40 2.50 2.65 2.75 2.90 3.00 3.15 3.35
48 1.95 2.05 2.15 2.25 2.35 2.45 2.60 2.70 2.85 2.95 3.10 3.25 3.45 3.65
49 1.95 2.10 2.20 2.30 2.40 2.50 2.65 2.75 2.90 3.05 3.20 3.40 3.55 3.75 3.95
50 1.95 2.10 2.20 2.30 2.45 2.55 2.70 2.85 3.00 3.15 3.30 3.45 3.65 3.85 4.10 4.35
51 2.05 2.20 2.30 2.45 2.60 2.75 2.90 3.05 3.20 3.40 3.55 3.75 4.00 4.25 4.50
52 2.15 2.30 2.45 2.60 2.75 2.95 3.10 3.25 3.45 3.65 3.85 4.10 4.35 4.65
53 2.25 2.45 2.60 2.80 2.95 3.15 3.30 3.50 3.70 3.95 4.20 4.45 4.75
54 2.40 2.60 2.75 2.95 3.10 3.35 3.55 3.80 4.05 4.30 4.60 4.90
55 2.50 2.75 2.90 3.15 3.35 3.60 3.85 4.10 4.35 4.70 5.00
56 2.65 2.90 3.10 3.40 3.65 3.90 4.20 4.50 4.80 5.15
57 2.80 3.10 3.35 3.65 3.95 4.25 4.60 4.95 5.30
58 3.05 3.35 3.65 4.00 4.30 4.65 5.05 5.45
59 3.25 3.65 4.00 4.40 4.75 5.15 5.60
60 3.55 4.00 4.35 4.80 5.25 5.70
61 3.85 4.40 4.80 5.30 5.80
62 4.15 4.75 5.25 5.80
63 4.45 5.20 5.75
64 5.00 5.85
65 5.60
Minimum vesting age 55 Yrs. Maximum vesting age 70 Yrs.

To find out premium for with life cover Jeevan Suraksha Plan : find out premium
for deferment period for without life cover
+ (add) life cover premium for age at entry & corresponding Deferment Period.
( With Life Cover )
Tabular ANNUAL PREMIUM per 1000 NCO for life cover alone
( for policies issued from 01.07.2000 to 24.12.2001)
age Deferment period

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
1.50 1.50 1.50 1.55 1.55 1.60
25
1.50 1.50 1.50 1.55 1.55 1.60 1.60
26
1.50 1.50 1.55 1.55 1.60 1.60 1.65 1.65
27
1.50 1.50 1.55 1.55 1.60 1.60 1.65 1.70 1.70
28
1.50 1.55 1.55 1.60 1.60 1.65 1.65 1.70 1.75 1.75
29
1.50 1.55 1.55 1.60 1.65 1.65 1.70 1.75 1.75 1.80 1.85
30
1.55 1.55 1.60 1.60 1.65 1.70 1.70 1.75 1.80 1.85 1.90 1.95
31
1.55 1.60 1.60 1.65 1.70 1.70 1.75 1.80 1.85 1.90 1.95 2.00 2.05
32
1.60 1.60 1.65 1.65 1.70 1.75 1.80 1.80 1.85 1.90 1.95 2.05. 2.10 2.15
33
1.60 1.65 1.65 1.70 1.75 1.75 1.80 1.85 1.90 1.95 2.00 2.10 2.15 2.25 2.30
34
1.65 1.70 1.75 1.75 1.80 1.85 1.90 1.95 2.00 2.10 2.15 2.20 2.30 2.40 2.50
35
1.70 1.75 1.80 1.85 1.90 1.95 2.00 2.05 2.15 2.20 2.30 2.35 2.45 2.55
36
1.80 1.85 1.90 1.95 2.00 2.05 2.10 2.20 2.25 2.35 2.45 2.55 2.65
37
1.90 1.95 2.00 2.05 2.10 2.20 2.25 2.35 2.45 2.55 2.65 2.75
38
1.95 2.05 2.10 2.15 2.25 2.30 2.40 2.50 2.60 2.75 2.85
39
2.10 2.15 2.20 2.30 2.40 2.50 2.60 2.70 2.80 2.95
40
2.20 2.30 2.40 2.45 2.55 2.70 2.80 2.95 3.05
41
2.35 2.45 2.55 2.65 2.80 2.90 3.05 3.20
42
2.55 2.65 2.75 2.90 3.00 3.15 3.35
43
2.75 2.85 3.00 3.15 3.30 3.45
44
2.95 3.10 3.25 3.45 3.60
45
3.20 3.40 3.55 3.75
46
3.50 3.70 3.90
47
3.85 4.05
48
4.20
49
Minimum vesting age for annuity 55 Yrs
Maximum vesting age for annuity 70 Yrs.

ENDOWMENT TYPE FUNDING APPROACH NO-4
For policies issued between 01.07.2000 TO 24.12.2001
ANNUAL PREMIUM PER 1000 Notional Cash Option

LB
D
5 6 7 8 9 10 11 12 13 14 15 16
39 68.6
0
40 73.5 68.9
0 0
41 79.5 73.8 69.2
5 0 5
42 86.3 79.9 74.2 69.6
5 0 0 5
43 94.15 86.7 80.2 74.6 70.1
0 5 0 0
44 103.2 94.50 87.1 80.7 75.0 70.5
0 0 0 5 5
45 113.7 103.5 94.90 87.5 81.1 75.5 71.0
0 5 5 5 5 5
46 126.7 114.1 103.9 95.35 88.0 81.6 76.0 71.6
0 0 5 0 5 5 0
47 142.6 127.1 114.5 104.4 95.80 88.5 82.1 76.6 72.2
0 0 0 0 0 5 5 5
48 162.7 142.9 127.5 114.9 104.8 96.30 89.0 82.7 77.2 72.9
0 5 0 5 5 5 5 5 0
49 189.2 163.1 143.3 127.9 115.4 105.3 96.85 89.6 83.3 77.9 73.6
0 0 5 5 5 5 0 5 0 0
50 225.7 189.6 163.4 143.8 128.4 115.9 105.9 97.45 90.2 84.0 78.6 74.4
0 0 5 0 0 5 0 5 5 5 0
51 226.0 189.9 163.9 144.2 128.9 116.4 106.5 98.05 90.9 84.8 79.3 75.2
5 5 0 5 0 5 0 5 0 5 5
52 226.4 190.3 164.3 144.7 129.4 117.0 107.1 98.75 91.6 85.6 80.3 76.1
5 5 0 0 0 5 0 5 0 0 5
53 226.8 190.7 164.7 145.2 130.0 117.7 107.8 99.50 92.5 86.4 81.2 77.1
0 5 5 0 0 0 0 0 5 5 5
54 227.2 191.2 165.2 145.8 130.6 118.4 108.5 100.3 93.3 87.4 82.4 78.3
0 0 5 0 0 0 5 0 5 0 0 0
55 227.6 191.6 165.8 146.4 131.3 119.1 109.4 101.2 94.3 88.5 83.5
0 5 0 0 0 5 0 0 5 0 0
56 228.1 192.2 166.4 147.7 132.1 120.0 110.3 102.2 95.5 89.7
0 5 5 5 0 5 5 5 0 5
57 228.6 192.9 167.2 147.9 133.0 121.0 111.4 103.4 96.8
5 0 0 5 0 5 5 5 0
58 229.3 193.7 168.0 148.9 134.0 122.1 112.7 104.8
5 0 5 0 5 5 0 0
59 230.1 194.5 169.0 149.9 135.2 123.4 114.1
0 5 0 0 0 5 0
60 230.9 195.4 170.0 151.0 136.4 124.9
5 5 0 5 5 0
61 231.8 196.4 171.1 152.3 137.9
0 5 5 5 0
62 232.7 197.5 172.4 153.7
0 0 0 5
63 233.7 198.7 173.8
5 5 0
64 235.2 200.4
0 0
65 236.8
5
While calculating premium for Jeevan Suraksha Endowment Type Funding, there
is no need to add life cover premium given earlier.
ENDOWMENT TYPE FUNDING APPROACHFor policies issued between 01.07.2000 TO
24.12.2001 ANNUAL PREMIUM PER 1000 NCO
17 18 19 20 21 22 23 24 25
30 39.55
31 41.85 39.75
32 44.30 42.05 40.00
33 47.00 44.55 42.30 40.25
34 49.90 47.25 44.80 42.60 40.55
35 53.05 50.15 47.50 45.10 42.90 40.90
36 56.45 53.35 50.45 47.85 45.45 43.25 41.25
37 60.15 56.75 53.65 50.75 48.15 45.80 43.65 41.65
38 64.15 60.40 57.05 53.95 51.10 48.55 46.20 44.05 42.10
39 64.45 60.75 57.35 54.35 51.50 48.95 46.60 44.50 42.55
40 64.80 61.10 57.75 54.75 51.90 49.40 47.10 45.00 43.10
41 65.15 61.50 58.15 55.15 52.40 49.90 47.60 45.65 43.70
42 65.60 61.90 58.65 55.65 52.90 50.45 48.20 46.20 44.35
43 66.05 62.40 59.15 56.20 53.50 51.05 48.85 46.85 45.05
44 66.55 62.95 59.70 56.80 54.15 51.70 49.55 47.60 45.85
45 67.10 63.50 60.35 57.45 54.80 52.45 50.35 48.45 46.70
46 67.65 64.15 61.00 58.15 55.55 53.25 51.15 49.35
47 68.30 64.85 61.70 58.95 56.40 54.10 52.10
48 69.00 65.60 62.50 59.80 57.30 55.05
49 69.80 66.40 63.40 60.70 58.25
50 70.60 67.25 64.30 61.70
51 71.50 68.25 65.35
52 72.50 69.30
53 73.60
ENDOWMENT TYPE FUNDING APPROACHFor policies issued between 01.07.2000 TO
24.12.2001ANNUAL PREMIUM PER 1000 NCO
26 27 28 29 30 31 32 33 34 35
25 30.35 29.00 27.80 26.70 25.70 24.75
26 31.90 30.50 29.20 28.00 26.90 25.90 24.95
27 33.60 32.05 30.65 29.35 28.20 27.10 26.10 25.20
28 35.40 33.75 32.25 30.85 29.60 28.40 27.35 26.35 25.45
29 37.40 35.60 33.95 32.45 31.10 29.80 28.65 27.60 26.65 25.75
30 37.60 35.80 34.20 32.70 31.35 30.15 28.95 27.90 26.95 26.10
31 37.80 36.05 34.45 33.00 31.65 30.40 29.25 28.25 27.30 26.45
32 38.10 36.35 34.75 33.30 31.95 30.75 29.60 28.60 27.70 26.90
33 38.35 36.65 35.05 33.60 32.30 31.10 30.00 29.05 28.15 27.35
34 38.70 36.95 35.40 34.00 32.70 31.50 30.45 29.50 28.60 27.85
35 39.00 37.35 35.80 34.40 33.15 31.95 30.95 30.00 29.15 28.40
36 39.40 37.75 36.25 34.85 33.60 32.45 31.45 30.55 29.70
37 39.85 38.20 36.70 35.35 34.10 33.00 32.05 31.15
38 40.30 38.70 37.20 35.90 34.70 33.65 32.65
39 40.80 39.20 37.80 36.50 35.35 34.60
40 41.35 39.80 38.40 37.10 36.00
41 42.00 40.45 39.10 37.90
42 42.70 41.20 39.85
43 43.45 42.00
44 44.30
JEEVAN SURAKSHA PLAN 122- WITH LIFE COVER, TABLE SHOWING

PENSION PAYABLE TO SPOUSE ON THE DEATH OF PROPOSER AS % OF
NORMAL PENSION PAYABLE TO PROPOSER ON VESTING AS PER
CO/ACT/1603/4 DT 10/1/1997
AGE AT VESTING- 55 YRS
AGE COMPLETE DURATION IN YEARS AT DEATH OF THE PROPOSER

AT
ENTRY
1 2 3 4 5 6 7 8 9 10 11 12 13 14
25 50 50 50 50 50 50 50 50 50 50 50 50 50 50
26 50 50 50 50 50 50 50 50 50 50 50 50 50 50
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 51
37 50 50 50 50 50 50 50 50 50 50 50 50 50 58
38 50 50 50 50 50 50 50 50 50 50 50 50 56 66
39 50 50 50 50 50 50 50 50 50 50 50 54 64 75
40 50 50 50 50 50 50 50 50 50 50 53 62 73 86
41 50 50 50 50 50 50 50 50 50 51 61 72 85
42 50 50 50 50 50 50 50 50 50 60 71 85
43 50 50 50 50 50 50 50 50 58 71 84
44 50 50 50 50 50 50 50 56 69 83
45 50 50 50 50 50 50 54 67 82
46 50 50 50 50 50 52 65 81
47 50 50 50 50 50 63 80
48 50 50 50 50 60 78
49 50 50 50 56 76
50 50 50 50 72

AT
ENTRY
15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
25 50 50 50 50 50 50 50 50 50 54 61 68 77 86 95
26 50 50 50 50 50 50 50 50 53 60 68 76 85 95
27 50 50 50 50 50 50 50 53 59 67 75 84 95
28 50 50 50 50 50 50 52 58 66 74 83 94
29 50 50 50 50 50 51 58 65 73 83 93
30 50 50 50 50 50 57 64 72 82 92
31 50 50 50 50 56 64 72 81 92
32 50 50 50 56 63 71 81 91
33 50 50 55 62 70 80 90
34 50 54 61 70 79 90
35 53 61 69 79 89
36 60 69 78 89
37 68 78 88
38 77 88
39 87
JEEVAN SURAKSHA PLAN 122- WITH LIFE COVER, TABLE SHOWING

PENSION PAYABLE TO SPOUSE ON THE DEATH OF PROPOSER AS % OF
NORMAL PENSION PAYABLE TO PROPOSER ON VESTING AS PER
CO/ACT/1603/4 DT 10/1/1997

AT
ENTRY
1 2 3 4 5 6 7 8 9 10 11 12 13 14
25 50 50 50 50 50 50 50 50 50 50 50 50 50 50
26 50 50 50 50 50 50 50 50 50 50 50 50 50 50
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 51
38 50 50 50 50 50 50 50 50 50 50 50 50 50 58
39 50 50 50 50 50 50 50 50 50 50 50 50 56 66
40 50 50 50 50 50 50 50 50 50 50 50 54 64 75
41 50 50 50 50 50 50 50 50 50 50 52 62 73 85
42 50 50 50 50 50 50 50 50 50 51 61 72 85
43 50 50 50 50 50 50 50 50 50 60 71 84
44 50 50 50 50 50 50 50 50 58 70 84
45 50 50 50 50 50 50 50 56 69 83
46 50 50 50 50 50 50 54 67 82
47 50 50 50 50 50 51 65 81
48 50 50 50 50 50 63 80
49 50 50 50 50 60 78
50 50 50 50 56 76
51 50 50 50 72

AT
ENTRY
15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
25 50 50 50 50 50 50 50 50 50 50 55 62 69 78 87
26 50 50 50 50 50 50 50 50 50 54 60 68 76 86 95
27 50 50 50 50 50 50 50 50 53 59 67 75 84 95
28 50 50 50 50 50 50 50 52 59 66 75 84 94
29 50 50 50 50 50 51 52 58 66 74 83 94
30 50 50 50 50 50 57 57 65 73 82 92
31 50 50 50 50 56 64 64 72 82 92
32 50 50 50 50 56 63 71 81 91
33 50 50 55 55 63 71 80 91
34 50 54 61 62 70 80 90
35 50 54 61 70 79 90
36 53 60 69 78 89
37 60 68 78 88
38 68 77 88
39 77 88
40 87
FOR AGE 25 AND TERM 30 YRS FACTOR IS 95%
JEEVAN SURAKSHA PLAN 122- WITH LIFE COVER, TABLE SHOWING PENSION
PAYABLE TO SPOUSE ON THE DEATH OF PROPOSER AS % OF NORMAL PENSION
PAYABLE TO PROPOSER ON VESTING AS PER CO/ACT/1603/4 DT 10/1/1997
AGE AT VESTING- 57YRS
AT
ENTRY
1 2 3 4 5 6 7 8 9 10 11 12 13 14
25 50 50 50 50 50 50 50 50 50 50 50 50 50 50
26 50 50 50 50 50 50 50 50 50 50 50 50 50 50
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 51
39 50 50 50 50 50 50 50 50 50 50 50 50 50 58
40 50 50 50 50 50 50 50 50 50 50 50 50 56 65
41 50 50 50 50 50 50 50 50 50 50 50 54 64 74
42 50 50 50 50 50 50 50 50 50 50 52 62 73 85
43 50 50 50 50 50 50 50 50 50 51 61 72 85
44 50 50 50 50 50 50 50 50 50 60 71 84
45 50 50 50 50 50 50 50 50 58 70 84
46 50 50 50 50 50 50 50 56 69 83
47 50 50 50 50 50 50 54 67 82
48 50 50 50 50 50 51 65 81
49 50 50 50 50 50 63 80
50 50 50 50 50 60 78
51 50 50 50 55 76
52 50 50 50 72
AGE AT COMPLETE DURATION IN YEARS AT DEATH OF THE PROPOSER

ENTRY
15 16 17 18 19 20 21 22 23 24 25 26 27 28
25 50 50 50 50 50 50 50 50 50 50 50 55 62 69
26 50 50 50 50 50 50 50 50 50 50 54 61 69 77
27 50 50 50 50 50 50 50 50 50 53 60 68 76 85
28 50 50 50 50 50 50 50 50 53 59 67 75 84 95
29 50 50 50 50 50 50 50 52 58 66 74 83 93
30 50 50 50 50 50 50 51 58 65 73 83 93
31 50 50 50 50 50 50 57 64 72 82 92
32 50 50 50 50 50 56 64 72 81 91
33 50 50 50 50 55 63 71 80 91
34 50 50 50 55 62 71 80 90
35 50 50 54 62 70 79 90
36 50 53 61 69 79 89
37 53 60 69 78 89
38 59 68 78 88
39 67 77 88
40 76 87
41 87
ENTRY
29 30 31
25 78 87 95
26 87 95
27 95
JEEVAN SURAKSHA PLAN 122- WITH LIFE COVER, TABLE SHOWING PENSION
PAYABLE TO SPOUSE ON THE DEATH OF PROPOSER AS % OF NORMAL PENSION
PAYABLE TO PROPOSER ON VESTING AS PER CO/ACT/1603/4 DT 10/1/1997
ENTRY
1 2 3 4 5 6 7 8 9 10 11 12 13 14
25 50 50 50 50 50 50 50 50 50 50 50 50 50 50
26 50 50 50 50 50 50 50 50 50 50 50 50 50 50
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 51
40 50 50 50 50 50 50 50 50 50 50 50 50 50 57
41 50 50 50 50 50 50 50 50 50 50 50 50 56 65
42 50 50 50 50 50 50 50 50 50 50 52 54 63 74
43 50 50 50 50 50 50 50 50 50 50 60 62 72 85
44 50 50 50 50 50 50 50 50 50 51 71 72 84
45 50 50 50 50 50 50 50 50 50 59 71 84
46 50 50 50 50 50 50 50 50 58 70 83
47 50 50 50 50 50 50 50 56 68 83
48 50 50 50 50 50 50 54 67 82
49 50 50 50 50 50 51 65 81
50 50 50 50 50 50 63 79
51 50 50 50 50 60 78
52 50 50 50 55 76
53 50 50 50 72

ENTRY
25 50 50 50 50 50 50 50 50 50 50 50 50 63 63
26 50 50 50 50 50 50 50 50 50 50 50 55 69 69
27 50 50 50 50 50 50 50 50 50 50 54 61 68 77
28 50 50 50 50 50 50 50 50 50 53 60 67 75 84
29 50 50 50 50 50 50 50 50 52 59 66 75 84 94
30 50 50 50 50 50 50 50 52 58 66 74 83 93
31 50 50 50 50 50 50 51 57 65 73 82 92
32 50 50 50 50 50 50 57 64 72 81 92
33 50 50 50 50 50 56 63 71 81 91
34 50 50 50 50 55 63 71 80 90
35 50 50 50 54 62 70 79 90
36 50 50 54 61 69 79 89
37 50 53 61 69 78 89
38 52 60 68 78 88
39 59 68 77 88
40 67 77 88
41 76 87
42 87
ENTRY
29 30 31 32
25 70 79 88 95
26 77 87 95
27 86 95
28 95
JEEVAN SURAKSHA PLAN 122- WITH LIFE COVER, TABLE SHOWING PENSION PAYABLE
TO SPOUSE ON THE DEATH OF PROPOSER AS % OF NORMAL PENSION PAYABLE TO
PROPOSER ON VESTING AS PER CO/ACT/1603/4 DT 10/1/1997
ENTRY
1 2 3 4 5 6 7 8 9 10 11 12 13 14
25 50 50 50 50 50 50 50 50 50 50 50 50 50 50
26 50 50 50 50 50 50 50 50 50 50 50 50 50 50
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 57
42 50 50 50 50 50 50 50 50 50 50 50 50 55 65
43 50 50 50 50 50 50 50 50 50 50 50 54 63 74
44 50 50 50 50 50 50 50 50 50 50 52 61 72 85
45 50 50 50 50 50 50 50 50 50 50 60 72 84
46 50 50 50 50 50 50 50 50 50 59 71 84
47 50 50 50 50 50 50 50 50 58 70 83
48 50 50 50 50 50 50 50 56 68 83
49 50 50 50 50 50 50 53 67 82
50 50 50 50 50 50 51 65 81
51 50 50 50 50 50 63 79
52 50 50 50 50 60 78
53 50 50 50 55 76
54 50 50 50 72

ENTRY
15 16 17 18 19 20 21 22 23 24 25 26 27 28
25 50 50 50 50 50 50 50 50 50 50 50 50 50 56
26 50 50 50 50 50 50 50 50 50 50 50 50 55 62
27 50 50 50 50 50 50 50 50 50 50 50 54 61 68
28 50 50 50 50 50 50 50 50 50 50 53 60 68 76
29 50 50 50 50 50 50 50 50 50 53 59 67 75 84
30 50 50 50 50 50 50 50 50 52 58 66 74 83 93
31 50 50 50 50 50 50 50 51 58 65 73 82 92
32 50 50 50 50 50 50 50 57 64 72 82 92
33 50 50 50 50 50 50 56 63 72 81 91
34 50 50 50 50 50 55 63 71 80 90
35 50 50 50 50 50 62 70 79 90
36 50 50 50 54 62 70 79 89
37 50 50 53 61 69 78 89
38 50 53 60 69 78 88
39 52 60 68 78 88
40 59 67 77 87
41 67 76 87
42 76 87
43 86

ENTRY
29 30 31 32 33
25 63 71 79 89 95
26 70 78 88 95
27 77 86 95
28 85 95
29 95
AGE at COMPLETE DURATION IN YEARS AT DEATH OF THE PROPOSER
entry 1 2 3 4 5 6 7 8 9 10 11 12 13 14
25 50 50 50 50 50 50 50 50 50 50 50 50 50 50
26 50 50 50 50 50 50 50 50 50 50 50 50 50 50
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 57
43 50 50 50 50 50 50 50 50 50 50 50 50 55 65
44 50 50 50 50 50 50 50 50 50 50 50 53 63 74
45 50 50 50 50 50 50 50 50 50 50 51 61 72 84
46 50 50 50 50 50 50 50 50 50 50 60 71 84
47 50 50 50 50 50 50 50 50 50 59 71 84
48 50 50 50 50 50 50 50 50 57 70 83
49 50 50 50 50 50 50 50 56 68 82
50 50 50 50 50 50 50 53 66 81
51 50 50 50 50 50 51 65 80
52 50 50 50 50 50 62 79
53 50 50 50 50 59 78
54 50 50 50 55 76
55 50 50 50 72

15 16 17 18 19 20 21 22 23 24 25 26 27 28
25 50 50 50 50 50 50 50 50 50 50 50 50 50 51
26 50 50 50 50 50 50 50 50 50 50 50 50 50 56
27 50 50 50 50 50 50 50 50 50 50 50 50 55 62
28 50 50 50 50 50 50 50 50 50 50 50 54 61 68
29 50 50 50 50 50 50 50 50 50 50 53 59 67 75
30 50 50 50 50 50 50 50 50 50 52 59 66 74 83
31 50 50 50 50 50 50 50 50 51 58 65 73 82 93
32 50 50 50 50 50 50 50 51 57 64 73 82 92
33 50 50 50 50 50 50 50 56 64 72 81 91
34 50 50 50 50 50 50 56 63 71 80 90
35 50 50 50 50 50 55 62 71 80 90
36 50 50 50 50 54 62 70 79 89
37 50 50 50 54 61 69 79 89
38 50 50 53 61 69 78 89
39 52 52 60 68 77 88
40 52 59 68 77 88
41 58 67 77 87
42 66 76 87
43 76 87
44 86

29 30 31 32 33 34
25 57 64 72 80 90 95
26 62 70 78 88 95
27 69 77 87 95
28 76 86 95
29 84 94
30 93
Age COMPLETE DURATION IN YEARS AT DEATH OF THE PROPOSER

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
26 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 51
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 58
43 50 50 50 50 50 50 50 50 50 50 50 50 55 57 66
44 50 50 50 50 50 50 50 50 50 50 50 50 63 64 75
45 50 50 50 50 50 50 50 50 50 50 50 53 63 74 86
46 50 50 50 50 50 50 50 50 50 50 51 61 72 84
47 50 50 50 50 50 50 50 50 50 50 60 71 84
48 50 50 50 50 50 50 50 50 50 59 70 83
49 50 50 50 50 50 50 50 50 57 69 83
50 50 50 50 50 50 50 50 55 68 82
51 50 50 50 50 50 50 53 66 81
52 50 50 50 50 50 51 65 80
53 50 50 50 50 50 62 79
54 50 50 50 50 59 78
55 50 50 50 55 75
56 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
26 50 50 50 50 50 50 50 50 50 50 50 50 50 56 63
27 50 50 50 50 50 50 50 50 50 50 50 50 55 62 70
28 50 50 50 50 50 50 50 50 50 50 50 54 61 68 76
29 50 50 50 50 50 50 50 50 50 50 53 60 67 75 85
30 50 50 50 50 50 50 50 50 50 52 59 66 75 84 94
31 50 50 50 50 50 50 50 50 52 58 65 74 83 93
32 50 50 50 50 50 50 50 51 57 65 73 82 92
33 50 50 50 50 50 50 50 57 64 72 81 91
34 50 50 50 50 50 50 56 63 72 81 91
35 50 50 50 50 50 55 63 71 80 90
36 50 50 50 50 55 62 70 79 90
37 50 50 50 54 62 70 79 89
38 50 50 53 61 69 78 88
39 50 53 60 68 78 88
40 52 60 68 77 88
41 59 67 77 87
42 67 76 87
43 76 87
44 86

31 32 33 34
26 71 79 89 95
27 78 88 95
28 86 95
29 95
30

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
27 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 51
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 58
44 50 50 50 50 50 50 50 50 50 50 50 50 50 56 66
45 50 50 50 50 50 50 50 50 50 50 50 50 55 64 75
46 50 50 50 50 50 50 50 50 50 50 50 53 62 73 86
47 50 50 50 50 50 50 50 50 50 50 51 61 72 84
48 50 50 50 50 50 50 50 50 50 50 60 71 84
49 50 50 50 50 50 50 50 50 50 59 70 83
50 50 50 50 50 50 50 50 50 57 69 83
51 50 50 50 50 50 50 50 55 68 82
52 50 50 50 50 50 50 53 66 81
53 50 50 50 50 50 51 65 80
54 50 50 50 50 50 62 79
55 50 50 50 50 59 78
56 50 50 50 55 75
57 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
27 50 50 50 50 50 50 50 50 50 50 50 50 50 56 63
28 50 50 50 50 50 50 50 50 50 50 50 50 54 61 69
29 50 50 50 50 50 50 50 50 50 50 50 54 60 68 76
30 50 50 50 50 50 50 50 50 50 50 53 59 67 75 84
31 50 50 50 50 50 50 50 50 50 52 58 66 74 83 93
32 50 50 50 50 50 50 50 50 51 58 65 73 82 92
33 50 50 50 50 50 50 50 51 57 64 72 82 92
34 50 50 50 50 50 50 50 56 63 72 81 91
35 50 50 50 50 50 50 56 63 71 80 90
36 50 50 50 50 50 55 62 70 79 89
37 50 50 50 50 54 62 70 79 89
38 50 50 50 54 61 69 78 88
39 50 50 53 61 69 78 88
40 50 53 60 68 77 88
41 52 59 68 77 87
42 59 67 77 87
43 66 76 87
44 76 86
45 86

31 32 33 34
27 71 79 89 95
28 77 86 95
29 85 95
30 94

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
28 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 51
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 58
45 50 50 50 50 50 50 50 50 50 50 50 50 50 56 66
46 50 50 50 50 50 50 50 50 50 50 50 50 54 64 75
47 50 50 50 50 50 50 50 50 50 50 50 53 62 73 86
48 50 50 50 50 50 50 50 50 50 50 51 60 71 84
49 50 50 50 50 50 50 50 50 50 50 59 71 84
50 50 50 50 50 50 50 50 50 50 58 70 83
51 50 50 50 50 50 50 50 50 57 69 83
52 50 50 50 50 50 50 50 55 68 82
53 50 50 50 50 50 50 53 66 81
54 50 50 50 50 50 50 64 80
55 50 50 50 50 50 62 79
56 50 50 50 50 59 77
57 50 50 50 55 75
58 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
28 50 50 50 50 50 50 50 50 50 50 50 50 50 55 62
29 50 50 50 50 50 50 50 50 50 50 50 50 54 61 68
30 50 50 50 50 50 50 50 50 50 50 50 53 60 67 75
31 50 50 50 50 50 50 50 50 50 50 52 59 66 74 83
32 50 50 50 50 50 50 50 50 50 52 58 65 74 83 93
33 50 50 50 50 50 50 50 50 51 57 64 72 82 92
34 50 50 50 50 50 50 50 50 57 64 72 81 91
35 50 50 50 50 50 50 50 56 63 71 80 90
36 50 50 50 50 50 50 55 62 70 79 89
37 50 50 50 50 50 54 62 70 79 89
38 50 50 50 50 54 61 69 78 88
39 50 50 50 53 61 69 78 88
40 50 50 53 60 68 77 88
41 50 52 60 68 77 87
42 51 59 67 76 87
43 58 67 76 87
44 66 76 86
45 75 86
46 86

31 32 33 34
28 69 78 87 95
29 76 86 95
30 84 95
31 93

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
29 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 51
45 50 50 50 50 50 50 50 50 50 50 50 50 50 50 57
46 50 50 50 50 50 50 50 50 50 50 50 50 50 56 65
47 50 50 50 50 50 50 50 50 50 50 50 50 54 64 75
48 50 50 50 50 50 50 50 50 50 50 50 52 62 73 85
49 50 50 50 50 50 50 50 50 50 50 50 60 71 84
50 50 50 50 50 50 50 50 50 50 50 59 71 83
51 50 50 50 50 50 50 50 50 50 58 70 83
52 50 50 50 50 50 50 50 50 57 69 83
53 50 50 50 50 50 50 50 55 68 82
54 50 50 50 50 50 50 53 66 81
55 50 50 50 50 50 50 64 80
56 50 50 50 50 50 62 79
57 50 50 50 50 59 77
58 50 50 50 55 75
59 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
29 50 50 50 50 50 50 50 50 50 50 50 50 50 54 61
30 50 50 50 50 50 50 50 50 50 50 50 50 54 60 68
31 50 50 50 50 50 50 50 50 50 50 50 53 59 67 75
32 50 50 50 50 50 50 50 50 50 50 52 58 65 74 83
33 50 50 50 50 50 50 50 50 50 51 58 65 73 82 92
34 50 50 50 50 50 50 50 50 50 57 64 72 81 91
35 50 50 50 50 50 50 50 50 56 63 71 80 90
36 50 50 50 50 50 50 50 55 62 71 80 90
37 50 50 50 50 50 50 55 62 70 79 89
38 50 50 50 50 50 54 61 70 79 89
39 50 50 50 50 53 61 69 78 88
40 50 50 50 53 60 68 78 88
41 50 50 52 60 68 77 87
42 50 52 59 68 77 87
43 51 59 67 76 87
44 58 67 76 87
45 66 76 86
46 75 86
47 86

31 32 33 34
29 68 77 86 95
30 76 86 95
31 84 94
32 93

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
30 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
45 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
46 50 50 50 50 50 50 50 50 50 50 50 50 50 50 57
47 50 50 50 50 50 50 50 50 50 50 50 50 50 56 65
48 50 50 50 50 50 50 50 50 50 50 50 50 54 64 74
49 50 50 50 50 50 50 50 50 50 50 50 52 62 73 85
50 50 50 50 50 50 50 50 50 50 50 50 60 71 83
51 50 50 50 50 50 50 50 50 50 50 59 71 83
52 50 50 50 50 50 50 50 50 50 58 70 83
53 50 50 50 50 50 50 50 50 57 69 83
54 50 50 50 50 50 50 50 55 68 82
55 50 50 50 50 50 50 53 66 81
56 50 50 50 50 50 50 64 80
57 50 50 50 50 50 62 79
58 50 50 50 50 59 77
59 50 50 50 55 75
60 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
30 50 50 50 50 50 50 50 50 50 50 50 50 50 54 61
31 50 50 50 50 50 50 50 50 50 50 50 50 53 59 67
32 50 50 50 50 50 50 50 50 50 50 50 52 59 66 74
33 50 50 50 50 50 50 50 50 50 50 51 58 65 73 82
34 50 50 50 50 50 50 50 50 50 50 57 64 72 81 91
35 50 50 50 50 50 50 50 50 50 56 63 71 80 90
36 50 50 50 50 50 50 50 50 55 63 71 80 90
37 50 50 50 50 50 50 50 55 62 70 79 89
38 50 50 50 50 50 50 54 61 69 78 88
39 50 50 50 50 50 54 61 69 78 88
40 50 50 50 50 53 61 69 78 88
41 50 50 50 53 60 68 77 87
42 50 50 52 60 68 77 87
43 50 52 59 67 76 87
44 51 58 67 76 86
45 58 66 76 86
46 66 75 86
47 75 86
48 85

31 32 33 34
30 68 77 86 95
31 75 84 94
32 83 94
33 92
AGE AT VESTING- 66YRS

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
31 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
45 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
46 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
47 50 50 50 50 50 50 50 50 50 50 50 50 50 50 57
48 50 50 50 50 50 50 50 50 50 50 50 50 50 55 65
49 50 50 50 50 50 50 50 50 50 50 50 50 54 63 74
50 50 50 50 50 50 50 50 50 50 50 50 52 62 73 85
51 50 50 50 50 50 50 50 50 50 50 50 60 71 84
52 50 50 50 50 50 50 50 50 50 50 59 71 83
53 50 50 50 50 50 50 50 50 50 58 70 83
54 50 50 50 50 50 50 50 50 57 69 83
55 50 50 50 50 50 50 50 55 68 82
56 50 50 50 50 50 50 53 66 81
57 50 50 50 50 50 50 64 80
58 50 50 50 50 50 62 79
59 50 50 50 50 59 77
60 50 50 50 55 75
61 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
31 50 50 50 50 50 50 50 50 50 50 50 50 50 54 60
32 50 50 50 50 50 50 50 50 50 50 50 50 52 59 66
33 50 50 50 50 50 50 50 50 50 50 50 52 58 65 73
34 50 50 50 50 50 50 50 50 50 50 51 57 65 73 82
35 50 50 50 50 50 50 50 50 50 56 56 64 72 81 91
36 50 50 50 50 50 50 50 50 50 56 63 71 80 90
37 50 50 50 50 50 50 50 50 55 62 70 79 89
38 50 50 50 50 50 50 50 55 62 70 79 89
39 50 50 50 50 50 50 54 61 69 78 88
40 50 50 50 50 50 54 61 69 78 88
41 50 50 50 50 53 60 68 77 87
42 50 50 50 53 60 68 77 87
43 50 50 52 59 67 77 87
44 50 51 59 67 76 87
45 51 58 67 76 86
46 58 66 76 86
47 66 75 86
48 75 86
49 85

31 32 33 34
31 68 76 85 95
32 74 83 94
33 83 93
34 92

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
32 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
45 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
46 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
47 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
48 50 50 50 50 50 50 50 50 50 50 50 50 50 50 57
49 50 50 50 50 50 50 50 50 50 50 50 50 50 55 65
50 50 50 50 50 50 50 50 50 50 50 50 50 54 63 74
51 50 50 50 50 50 50 50 50 50 50 50 52 62 73 85
52 50 50 50 50 50 50 50 50 50 50 50 60 71 83
53 50 50 50 50 50 50 50 50 50 50 59 70 83
54 50 50 50 50 50 50 50 50 50 58 70 83
55 50 50 50 50 50 50 50 50 57 69 83
56 50 50 50 50 50 50 50 55 68 82
57 50 50 50 50 50 50 53 66 81
58 50 50 50 50 50 50 64 80
59 50 50 50 50 50 62 79
60 50 50 50 50 59 77
61 50 50 50 55 75
62 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
32 50 50 50 50 50 50 50 50 50 50 50 50 50 53 60
33 50 50 50 50 50 50 50 50 50 50 50 50 52 59 66
34 50 50 50 50 50 50 50 50 50 50 50 51 58 65 73
35 50 50 50 50 50 50 50 50 50 56 50 57 64 72 81
36 50 50 50 50 50 50 50 50 50 50 56 63 71 80 90
37 50 50 50 50 50 50 50 50 50 56 63 71 80 90
38 50 50 50 50 50 50 50 50 55 62 70 79 89
39 50 50 50 50 50 50 50 54 62 70 78 88
40 50 50 50 50 50 50 54 61 69 78 88
41 50 50 50 50 50 53 61 69 78 88
42 50 50 50 50 53 60 68 77 87
43 50 50 50 52 60 68 77 87
44 50 50 52 59 67 76 87
45 50 51 59 67 76 86
46 51 58 67 76 86
47 58 66 76 86
48 66 75 86
49 75 85
50 85

31 32 33 34
32 67 75 84 94
33 74 83 93
34 82 92
35 91

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
33 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
45 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
46 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
47 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
48 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
49 50 50 50 50 50 50 50 50 50 50 50 50 50 50 57
50 50 50 50 50 50 50 50 50 50 50 50 50 50 55 65
51 50 50 50 50 50 50 50 50 50 50 50 50 54 63 74
52 50 50 50 50 50 50 50 50 50 50 50 52 62 73 85
53 50 50 50 50 50 50 50 50 50 50 50 60 71 84
54 50 50 50 50 50 50 50 50 50 50 59 71 83
55 50 50 50 50 50 50 50 50 50 58 70 83
56 50 50 50 50 50 50 50 50 57 69 83
57 50 50 50 50 50 50 50 55 68 82
58 50 50 50 50 50 50 53 66 81
59 50 50 50 50 50 50 64 80
60 50 50 50 50 50 62 79
61 50 50 50 50 59 78
62 50 50 50 55 76
63 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
33 50 50 50 50 50 50 50 50 50 50 50 50 50 53 59
34 50 50 50 50 50 50 50 50 50 50 50 50 52 58 65
35 50 50 50 50 50 50 50 50 50 56 50 51 58 65 73
36 50 50 50 50 50 50 50 50 50 50 50 57 64 72 81
37 50 50 50 50 50 50 50 50 50 50 56 63 71 80 90
38 50 50 50 50 50 50 50 50 50 55 63 71 80 89
39 50 50 50 50 50 50 50 50 55 62 70 79 89
40 50 50 50 50 50 50 50 54 61 69 78 88
41 50 50 50 50 50 50 54 61 69 78 88
42 50 50 50 50 50 53 61 69 78 88
43 50 50 50 50 53 60 68 77 87
44 50 50 50 52 60 68 77 87
45 50 50 52 59 67 77 87
46 50 51 59 67 76 87
47 51 58 67 76 86
48 58 66 76 86
49 66 75 86
50 75 86
51 85

31 32 33 34
33 67 75 84 94
34 74 83 93
35 82 92
36 91

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
34 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
45 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
46 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
47 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
48 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
49 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 57
51 50 50 50 50 50 50 50 50 50 50 50 50 50 56 65
52 50 50 50 50 50 50 50 50 50 50 50 50 54 64 75
53 50 50 50 50 50 50 50 50 50 50 50 52 62 73 85
54 50 50 50 50 50 50 50 50 50 50 50 60 71 84
55 50 50 50 50 50 50 50 50 50 50 59 71 84
56 50 50 50 50 50 50 50 50 50 58 70 83
57 50 50 50 50 50 50 50 50 57 69 83
58 50 50 50 50 50 50 50 55 68 82
59 50 50 50 50 50 50 53 66 81
60 50 50 50 50 50 50 64 81
61 50 50 50 50 50 62 79
62 50 50 50 50 59 78
63 50 50 50 55 76
64 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
34 50 50 50 50 50 50 50 50 50 50 50 50 50 53 59
35 50 50 50 50 50 50 50 50 50 56 50 50 52 59 66
36 50 50 50 50 50 50 50 50 50 50 50 51 58 65 73
37 50 50 50 50 50 50 50 50 50 50 50 57 64 72 81
38 50 50 50 50 50 50 50 50 50 50 56 63 71 80 90
39 50 50 50 50 50 50 50 50 50 55 63 71 80 90
40 50 50 50 50 50 50 50 50 55 62 70 79 89
41 50 50 50 50 50 50 50 54 62 70 79 89
42 50 50 50 50 50 50 54 61 69 78 88
43 50 50 50 50 50 53 61 69 78 88
44 50 50 50 50 53 60 68 77 87
45 50 50 50 52 60 68 77 87
46 50 50 52 59 67 77 87
47 50 51 59 67 76 87
48 51 58 67 76 87
49 58 66 76 86
50 66 75 86
51 75 86
52 86

31 32 33 34
34 67 75 84 94
35 74 83 93
36 82 92
37 91

at 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
entry
35 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
36 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
37 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
38 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
39 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
40 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
41 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
42 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
43 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
44 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
45 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
46 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
47 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
48 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
49 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50
51 50 50 50 50 50 50 50 50 50 50 50 50 50 50 57
52 50 50 50 50 50 50 50 50 50 50 50 50 50 56 66
53 50 50 50 50 50 50 50 50 50 50 50 50 54 64 75
54 50 50 50 50 50 50 50 50 50 50 50 52 62 73 86
55 50 50 50 50 50 50 50 50 50 50 50 60 72 84
56 50 50 50 50 50 50 50 50 50 50 59 71 84
57 50 50 50 50 50 50 50 50 50 58 70 84
58 50 50 50 50 50 50 50 50 57 69 83
59 50 50 50 50 50 50 50 55 68 83
60 50 50 50 50 50 50 53 66 82
61 50 50 50 50 50 50 65 81
62 50 50 50 50 50 62 80
63 50 50 50 50 59 78
64 50 50 50 55 76
65 50 50 50 72

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
35 50 50 50 50 50 50 50 50 50 56 50 50 50 53 60
36 50 50 50 50 50 50 50 50 50 50 50 50 52 59 66
37 50 50 50 50 50 50 50 50 50 50 50 51 58 65 73
38 50 50 50 50 50 50 50 50 50 50 51 57 64 72 81
39 50 50 50 50 50 50 50 50 50 50 56 64 72 81 91
40 50 50 50 50 50 50 50 50 50 56 63 71 80 90
41 50 50 50 50 50 50 50 50 55 63 71 80 90
42 50 50 50 50 50 50 50 54 62 70 79 89
43 50 50 50 50 50 50 54 61 69 79 89
44 50 50 50 50 50 54 61 69 78 88
45 50 50 50 50 53 61 69 78 88
46 50 50 50 53 60 68 78 88
47 50 50 52 60 68 77 88
48 50 52 59 67 77 87
49 51 59 67 77 87
50 58 67 76 87
51 66 76 87
52 75 86
53 86

31 32 33 34
35 67 76 85 95
36 74 84 94
37 82 92
38 91

Plan 122 PDF

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JEEVAN SURAKSHA PLAN NO-.

Plan introduced on 15.08.1996 / plan withdrawn w.e.f. 25.12.2001

I. Policies issued between 15.08.1996 to 30.06.2000 : Tabular annual premium per

Policy stamps = _monthly annuity * 180 months (15*12)

= Policy stamps in next rupee.

FINAL ADDITIONAL OR YES YES YES NO

1. Single premium without life cover ( w.e.f.. 15.01.1998)

C. PENSION ( ANNUITY ) OPTIONS :

The different options are as follows:

( For Policies issued from 01.07.2000 to 24.12.2001)

Option of annuity once exercised will be final, no change is allowed in future.

Paid up value will be calculated under different funding approach as follows :

Funding Approach 1 : ( i.e. Single Premium )

Funding Approach 2 : (i.e. with & without life cover )

Reduced Notional Cash = No. of years premiums paid X Notional Cash

2. for policies issued between 01.07.2000 to 24.12.2001 :

Funding approach 4 : ( i.e. Endowment )

Paid up Value = no. of years premium paid x sum assured

E. 1) Special Surrender Value : ( before vesting only )

Special Surrender Value should be rounded off to the nearest Rupee.

2. under funding approach 2 & 3 : ( with & without life cover )

RNCO = Notional Cash X No. of years premium paid

for calculating Special Surrender Value :

Step IV : SSV = RNCO x SSV factor

Co circular Actl/1875/4dated 21.05.2003,Annexure for single premium

Step III: SSV = ( paid up value + Guaranteed Addition ) x S.V.factor

Step IV: Refer S.V.Table no 1A for S.V.Factor.

Step V: SSV will be roundeed to next 10 paise.

O/S O/S O/S

(CO/ACT/1598/4 DT 17/12/1996) O/S DEFERMENT PERIOD AS ON DATE OF

O/S O/S O/S

6) The method of calculating surrender value is as followes:-

( F(1) x Annuity per annum + F(2) x amount payable on death) x F(3) OR

95% of the amount payable on death , WHICH EVER IS LOWER.

F(2) = Risk factor for age last birthday at surrender .Annexure-A

( refer CO circular dt. 10.01.1998 ref; CO/Act/1627/4 )

2. under funding approach 2: ( i.e. with life cover )

3. under funding approach 3: (i.e. without life cover )

4. under funding approach 4: ( i.e. endowment )

G. Loan/ Assignment/ Double Accident Benefit :

H.Claims Concession & Chairman’s Relaxation Rules

Funding approach 3 (without life cover)

Funding approach 2 – with life cover

I. Survival Benefit on the vesting date of Annuity :

Following procedure to be adopted:

Shri / Smt. ___________________________________

I, Shri / Smt. __________________________________ ( name of friend /relative)

Dated at ______________ this _________ day of _______ 200__.

Re: Jeevan Suraksha Policy No. ______________________

Type of Option Month Pension after

For other details please contact us

Sr./ Branch Manager

( Specimen for 25% of commuted Value of NCO )

Received form LIFE INSURANCE CORPORATION OF INDIA the sum of Rupees

Duration of policy at death Death benefits

2. Death under funding approach 2: ( with life cover)

3.Death under funding approach 3: (without life cover)

if the policy is in force and death of life assured takes place

Co circular CO/Actl/1879/4 dated 25.06.2003 ( pg 329 b)

PERIOD FACTOR PERIOD FACTOR

Period Factor Period Factor Period Factor Period factor

12 14.6286 44 75.1497 76 195.3165 108 434.7563

Dated at __________ this _ day of _ 200.