❖ Most suitable for the needs of Education and Marrige.

❖ Offers insurance security in addition to paying regular

monetary benefits at fixed intervals.
❖ Newly designed as per the ambition of all.
❖ An With-profit Policy with Limited Premium
SALIENT FEATURES
Minimum Age at Entry : 90 days (LBD)
Maximum Age at Entry : 12 yrs. (Completed)
Policy Term : 25 yrs. minus Age at Entry
UIN : 512N299V02 (Plan No.934) Maturity Age : 25 yrs. (LBD)
Premium Paying Term (PPT) : 20 years Minus Age at Entry
Minimum Sum Assured : Rs. 75,000 (Upto Rs. 1 Lakh in Multiples of Rs. 5,000, there after in Multiples of Rs. 10,000)
Maximum Sum Assured : No Limit
Premium Paying Mode : Yearly / Half-yearly / Quarterly / Monthly (SSS or NACH)
RISK COVER :
1. Less than 8 years : Risk under this plan will commence either one day before the completion of 2 years
from the date commencement of policy or one day before the policy anniversary coinciding with or
immediately following the completion of 8 years of age, whichever is earlier.
2. Aged 8 years or more : Risk will commence immediately
Option to take Death
DEATH BENEFIT : BENEFITS Benefit in instalments
a) On Death before commencement of Risk :
In case of death of the Life Assured, return of premium/s paid excluding taxes,
extra premium and rider premium, if any, without interest shall be payable. Settlement Option
b) On Death after commencement of Risk : for Maturity Benefit
In case of death during the policy term provided all due premiums have been paid Death Benefit, defined
as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus,
if any, shall be payable. Where “Sum Assured on Death” is defined as Higher of 7 times of annualized
premium or Absolute amount Assured to be paid on Death i.e. 105% Sum Assured.
SURVIVAL BENEFITS : A fixed percentage of Sum Assured shall be payable on each policy anniversary
coinciding with or immediately following the completion of 20 years of age and thereafter on each of next four
policy anniversaries. These fixed percentages shall depend on the Option chosen at the proposal stage.
MATURITY BENEFIT : At the Age of 25 years : In case of Life Assured surviving the stipulated date of
maturity, a fixed percentage of Sum Assured shall be payable on maturity for inforce maturing policies. The
fixed percentage under different Options is as below :
Option-1 Sum Assured 100% Option-3 Sum Assured 50%
Option-2 Sum Assured 75% Option-4 Sum Assured 25%
In addition to the above, Vested Simple Reversionary Bonuses and Final Additional Bonus, if any,
shall also be payable.
FACILITIES : Loan, Premium Waiver Benifit Rider, Accidental Death & Disability Benefit Rider
(ADDB), Accident Benifit Rider, Surrender, etc.
Example : Age : '0' yrs. Sum Assured : 2,00,000 Death Sum Assured : 2,50,000
Option-1 : Nil Option-2 : 5% Option-3 : 10% Option-4 : 15%
YEARLY PREMIUM 8,758 8,963 9,168 9,373
TOTAL PREMIUM 1,71,588 1,75,593 1,79,598 1,83,622
SURVIVAL BENEFITS :
After completion of 20 years - 10,000 20,000 30,000
After completion of 21 years - 10,000 20,000 30,000
After completion of 22 years - 10,000 20,000 30,000
After completion of 23 years - 10,000 20,000 30,000
After completion of 24 years - 10,000 20,000 30,000
MATURITY BENEFIT (25 years) 5,30,000 4,80,000 4,30,000 3,80,000
For more details please contact the LIC Agent / Development Officer / CLIA / Nearest Branch Office
Agents' Training Material. For Internal Circulation only. 23 www.licindia.in IRDAI Regn. No. 512