Benefit Illustration

LIC's Jeevan Lakshya (T-933)

A Non-Linked, Participating, Individual, Life Assurance Savings Plan
(Unique Identification Number - 512N297V02)

Distribution channel Offline Agency name Agency code

Name of prospect Rajashekhar Sajjan Age of prospect 34 Date of illustration 05-02-2022
Name of life assured Rajashekhar Sajjan Age of life assured 34 Benefit UID 220205201259558789
Policy term 13 Premium paying term 10 Premium payment mode Monthly
Basic sum assured 500000 Sum assured on death1 550000 Instalment premium 4112.00
Bonus type Simple reversionary and final additional bonus

Premium summary
Particular Base plan Riders2 Total instalment premium
Instalment premium without GST 4112.00 4112.00
Instalment premium with GST @ 4.50% (1st year) 4297.00 4297.00
Instalment premium with GST @ 2.25% (2nd year onwards) 4204.52 4204.52
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 Non-guaranteed Total benefits (including guaranteed and non-guaranteed benefits)

Guaranteed benefits
benefits @ 4% p.a. benefits @ 8% p.a. Maturity benefit Death benefit5 Surrender benefit6
Death benefit Maturity Maturity Death Death
Annualised Total benefit, benefit,
incl. of incl. of benefit7, benefit7,
Policy year premium3 ( income incl. of incl. of
cumulative) benefit Lumpsum final final Surrender Surrender
Surrender Maturity Reversiona Surrender Reversiona Surrender final final
payable in payable on additional additional benefit @ benefit @
benefit benefit ry bonus benefit ry bonus benefit additional additional
equal instal date of bonus bonus 4% (3+8) 8% (3+10)
(FAB), if (FAB), if bonus bonus
ments over maturity1 (FAB), if (FAB), if
o/s term any, @ 4% any, @ 8%
(6+7+FAB) (6+9+FAB) any, @ 4% any, @ 8%
after death4
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16)
1 48333 0 600000 550000 0 4000 0 15000 0 0 0 602000 745000 0 0

2 96666 29000 550000 550000 0 8000 0 30000 0 0 0 602000 745000 29000 29000

3 144999 50750 500000 550000 0 12000 2179 45000 8172 0 0 602000 745000 52929 58922

4 193332 96666 450000 550000 0 16000 2976 60000 11160 0 0 602000 745000 99642 107826

5 241665 120833 400000 550000 0 20000 3836 75000 14385 0 0 602000 745000 124669 135218

6 289998 144999 350000 550000 0 24000 4783 90000 17937 0 0 602000 745000 149782 162936

7 338331 169166 300000 550000 0 28000 5838 105000 21893 0 0 602000 745000 175004 191059
8 386664 216532 250000 550000 0 32000 7037 120000 26388 0 0 602000 745000 223569 242920

9 434997 269698 200000 550000 0 36000 8417 135000 31563 0 0 602000 745000 278115 301261

10 483330 328664 150000 550000 0 40000 10020 150000 37575 0 0 602000 745000 338684 366239

11 483330 357664 100000 550000 0 44000 11906 165000 44649 0 0 602000 745000 369570 402313

12 483330 434997 50000 550000 0 48000 14400 180000 54000 0 0 602000 745000 449397 488997

13 483330 434997 0 550000 500000 52000 18200 195000 68250 552000 695000 602000 745000 453197 503247

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. Lumpsum payable on date of maturity, on happening of death in any of the policy years, is actually payable only at the end of the policy term.
2. It includes rider(s) premiums in respect of all the rider(s) opted by the proposer/policyholder at inception of the policy.
3. 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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 4. In case of death of the policyholder during the policy term, annual income benefit equal to 10% of basic sum assured shall be payable from the policy anniversary
coinciding with or following the date of death of the life assured, till the policy anniversary prior to the date of maturity. In addition to this, an amount equal to 110% of
basic sum assured (as mentioned in column no. 5) shall be payable on due date of maturity on happening of death in any of the policy years.
5. In any case, the total death benefit i.e. the sum of total income benefit and lumpsum amount payable on maturity shall not be less than 105% of the total premiums paid
(excluding GST, extra premium and rider premiums, if any).
6. Special surrender value may however be payable, if it is more favourable to the policyholder.
7. Total death benefit shall be equal to the lumpsum payable on date of maturity plus vested reversionary bonus and final additional bonus, if any, payable on maturity.

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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