Benefit Illustration

LIC's Jeevan Labh (T-936)

A Non-Linked, Participating, Individual, Life Assurance Savings Plan
(Unique Identification Number - 512N304V02)

Distribution channel Offline Agency name Agency code

Name of prospect VIVEK SHARMA Age of prospect 51 Date of illustration 27-12-2021
Name of life assured VIVEK SHARMA Age of life assured 51 Benefit UID 211227114616740567
Policy term 16 Premium paying term 10 Premium payment mode Yearly
Basic sum assured 200000 Sum assured on death 200000 Instalment premium 17944.00
Bonus type Simple reversionary and final additional bonus

Premium summary
Particular Base plan Riders1 Total instalment premium
Instalment premium without GST 17944.00 17944.00
Instalment premium with GST @ 4.50% (1st year) 18751.00 18751.00
Instalment premium with GST @ 2.25% (2nd year onwards) 18347.74 18347.74
GST rate shall be as applicable from time to time

How to read and understand this benefit illustration?

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy, at two assumed rates of interest i.e., 8% p.a. and 4% p.a.

Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy
offers guaranteed benefits then these will be clearly marked 'guaranteed' in the illustration table on this page. If your policy offers variable benefits then the illustrations on this
page will show two different rates of assumed future investment returns, of 8% p.a. and 4% p.a. These assumed rates of return are not guaranteed and they are not the upper
or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.

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 (Amount in rupees)

Non-guaranteed benefits Non-guaranteed benefits Total benefits (including guaranteed and non-guaranteed benefits)
Guaranteed benefits
@ 4% p.a. @ 8% p.a. Maturity benefit Death benefit3 Surrender benefit4
Maturity Maturity Death Death
Annualised benefit, incl. benefit, incl. benefit, incl. benefit, incl.
Policy year premium2 of final of final of final of final
(cumulative) Surrender Surrender
Surrender Death Maturity Reversionar Surrender Reversionar Surrender additional additional additional additional
benefit @ benefit @
benefit benefit benefit y bonus benefit y bonus benefit bonus bonus bonus bonus
4% (3+7) 8% (3+9)
(FAB), if (FAB), if (FAB), if (FAB), if
any, @ 4% any, @ 8% any, @ 4% any, @ 8%
(5+6+FAB) (5+8+FAB) (4+6+FAB) (4+8+FAB)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)
1 17944 0 200000 0 800 0 5800 0 0 0 200800 205800 0 0

2 35888 10766 200000 0 1600 0 11600 0 0 0 201600 211600 10766 10766

3 53832 18841 200000 0 2400 422 17400 3059 0 0 202400 217400 19263 21900

4 71776 35888 200000 0 3200 565 23200 4097 0 0 203200 223200 36453 39985

5 89720 44860 200000 0 4000 714 29000 5177 0 0 204000 229000 45574 50037

6 107664 53832 200000 0 4800 872 34800 6320 0 0 204800 234800 54704 60152

7 125608 62804 200000 0 5600 1042 40600 7552 0 0 205600 240600 63846 70356

8 143552 77159 200000 0 6400 1228 46400 8900 0 0 206400 246400 78387 86059

9 161496 92860 200000 0 7200 1435 52200 10403 0 0 207200 252200 94295 103263

10 179440 109907 200000 0 8000 1668 58000 12093 0 0 208000 258000 111575 122000

11 179440 116636 200000 0 8800 1935 63800 14030 0 0 208800 263800 118571 130666

12 179440 123365 200000 0 9600 2244 69600 16272 0 0 209600 269600 125609 139637

13 179440 130094 200000 0 10400 2605 75400 18888 0 0 210400 275400 132699 148982

14 179440 136823 200000 0 11200 3031 81200 21973 0 0 211200 281200 139854 158796

15 179440 161496 200000 0 12000 3600 87000 26100 0 0 212000 288000 165096 187596

16 179440 161496 200000 200000 12800 4480 92800 32480 212800 293800 212800 293800 165976 193976

Notes:

The main objective of the illustration is that the client is able to appreciate the features of the products and the flow of the benefit in different circumstances with some level of
quantification. This illustration is applicable to a standard (from medical, life style and occupation point of view) life.

1. It includes rider(s) premiums in respect of all the rider(s) opted by the proposer/policyholder at inception of the policy.
2. Annualized premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and goods & service tax.
Refer sales literature for explanation of terms used in this illustration.

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 3. In any case, the total death benefit at any time shall not be less than 105% of the total premiums paid (excluding GST, extra premium and rider premiums, if any).
4. Special surrender value may however be payable, if it is more favourable to the policyholder.

I, ________________________________________ (name), have explained the I, ________________________________________ (name), having received

premiums, charges and benefits under the policy fully to the prospect the information with respect to the above, have understood the above
/policyholder. statemement before entering into the contract.
Place : Place :
Date : Signature of agent/intermediary/official Date : Signature of prospect/policyholder

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