^mJ - ~r : n[a^mfmE± PART – B : DEFINITIONS
Bg nm°{bgr _| à`wŠV nm[a^m{fH$ eãX/eãXm| H$s n[a^mfmE§ {ZåZ àH$ma h¢:
1. Am`w nm°{bgr Ho$ àma§^ hmoZo Ho$ g_` ~r{_V ì`pŠV Ho$ {ZH$Q>V_ OÝ_
{Xdg na CgH$s Am`w h¡& na§Vw OÝ_{V{W Am¡a nm°{bgr Omar hmoZo Ho$ ~rM
Ý`yZV_ Ad{Y 90 {XZ go H$_ Zht hmoJm&
2. {Z`wŠV dh ì`pŠV h¡ {OgH$mo, nm°{bgr Ho$ A§VJ©V gw{Z{üV àm{á`m|/
{hVbm^ H$m ^wJVmZ Xo` h¡, `{X {hVbm^ Zm_m§{H$V ì`pŠV H$mo Xo` h¡ Am¡a
Xmdo H$s ^wJVmZ VmarI na dh Zm~m{bJ h¡&
3. dm{f©H$sH¥$V àr{_`_ ~r{_V ì`pŠV Ûmam MwZr JB© ~r_m àr{_`_ hmoJr Am¡a
Cg_| H$moB© H$a, ~r_mboIZ {ZU©` Ho$ H$maU {bE OmZo dmbr A{V[aŠV
am{e Am¡a `{X H$moB© AZwd¥{Õ àr{_`_ hmo, em{_b Zht h¡&
4. g_ZwXo{eVr dh ì`pŠV h¡ {Ogo EH$ g_ZwXoeZ Ho$ AmYma na A{YH$ma Am¡a
{hVbm^ hñVm§V[aV {H$E JE h¢&
5. g_ZwXoeZ {H$gr ''g_ZwXo{eVr'' H$mo A{YH$ma Am¡a {hVbm^m| H$mo
hñVm§V[aV H$aZo H$s à{H«$`m h¡& g_ZwXoeZ, g_`-g_` na g§emo{YV ~r_m
A{Y{Z`_, 1938 H$s Ymam 38 Ho$ àmdYmZm| Ho$ AZwgma hmoZm Mm{hE&
6. _yb nm°{bgr, nm°{bgr H$m dh ^mJ h¡, {Og_| _yb {hVbm^m| H$m C„oI
{H$`m J`m h¡ (`{X AZwd¥{Õ H$m M`Z {H$`m J`m h¡ Vmo CgHo$ A§VJ©V
{hVbm^m| H$mo N>mo‹S>H$a, Cg nm°{bgr _| CëbopIV {hVbm^)&
7. _yb ~r_m am{e H$m AW© Cg am{e go h¡ Omo AZwgyMr _| {d{Z{X©ï> h¡ Am¡a
nm°{bgr boZo Ho$ g_` {OgH$m M`Z nm°{bgrYmaH$ Zo {H$`m h¡&
8. bm^mWu/XmdmH$Vm© H$m AW© Cg ì`pŠV/g§ñWm go h¡, Omo Bg nm°{bgr Ho$
A§VJ©V {hVbm^ àmá H$aZo H$m A{YH$mar hmo& bm^mWu, {hVbm^ {Ogo Xo`
h¡, dh h¡ àñVmdH$ `m ~r{_V `m ~r_m A{Y{Z`_ 1938 H$s Ymam 38 Ho$
A§VJ©V CgHo$ g_ZwXo{eV H$mo `m g_` g_` na g§emo{YV ~r_m A{Y{Z`_
1938 H$s Ymam 39 Ho$ A§VJ©V Zm{_Vm| `m à_m{UV {ZînmXH$m| `m
àemgH$m| `m AÝ` d¡Ym{ZH$ à{V{Z{Y`m|, {OÝhm|Zo CgH$s g§nXm `m Bg
nm°{bgr Ho$ A§VJ©V Xo` am{e _mÌ Ho$ {bE ^maVr` g§K Ho$ {H$gr amÁ` `m
g§K em{gV àXoe Ho$ {H$gr Ý`m`mb`,Omo ^r bmJy hmo, go AnZo à{V{Z{Y
hmoZo H$m à_mUnÌ àmá {H$`m h¡&
9. {Za§Va ~r_m`mo½`Vm, `{X {H$gr AZwd¥{Õ H$m M`Z {H$`m J`m h¡ Vmo CgHo$
g{hV nm°{bgr Ho$ nwZM©bZ {H$E OmZo na {ZJ_ Ho$ g§Vw{ï> Ho$ AZwgma
~r{_V ì`pŠV/àñVmdH$ H$s ~r_m`mo½`Vm H$m {ZYm©aU h¡ Omo nhbo go
CnbãY gyMZm, XñVmdoOm| Am¡a [anmoQ>m] na VWm nwZM©bZ Ho$ g_` {ZJ_
H$s ~r_mboIZ Zr{V Ho$ AZwgma Bg g§~§Y _| _m§Jr JB© A{V[aŠV gyMZm na
{Z^©a hmoJr&
10. {ZJ_ H$m AW©, OrdZ ~r_m A{Y{Z`_, 1956 H$s Ymam 3 Ho$ A§VJ©V
ñWm{nV ^maVr` OrdZ ~r_m {ZJ_ h¡&
11. nm°{bgr àma§^ hmoZo H$s VmarI Bg nm°{bgr H$s àma§^-VmarI h¡&
12. OmopI_ àma§^ hmoZo H$s VmarI dh VmarI h¡, {Og na {ZJ_, ~r_m
(gwajm) Ho$ {bE OmopI_ H$mo ñdrH¥$V H$aVm h¡, O¡gm{H$ Bg nm°{bgr H$s
AZwgyMr _| Xem©`m J`m h¡&
13. nm°{bgr Omar H$aZo H$s VmarI dh VmarI h¡, O~ ~r_mboIZ Ho$ nümV²
àñVmd H$mo nm°{bgr Ho$ ê$n _| ñdrH$ma H$a {b`m J`m h¡ Am¡a `h g§{dXm
Mmby hmo J`m h¡&
14. n[an¹$Vm H$s VmarI AZwgyMr _| {d{Z{X©ï> dh VmarI h¡ O~ nm°{bgr
Ad{Y nyar hmoVr h¡&
15. {Z{hV hmoZo H$s VmarI, 18 df© H$s Am`w nyU© hmoZo na n‹S>Zo dmbr AWdm
CgHo$ Vwa§V ~mX AmZo dmbr nm°{bgr df©Jm§R> {V{W h¡& Eogo {Z[hV hmoZo H$s
VmarI na `h nm°{bgr {ZJ_ Am¡a ~r{_V ì`pŠV Ho$ ~rM EH$ AZw~§Y _mZm
OmEJm & ~r{_V ì`pŠV nm°{bgr H$m nwU© ñdm_r ~Z OmEJm Am¡a Bg na
àñVmdH$ AWdm CgH$m g§nXm H$m H$moB© A{YH$ma `m ñdmW© Zht ahoJm&
16. _¥Ë`w {hVbm^ dh {hVbm^ h¡, Omo ~r{_V ì`pŠV H$s _¥Ë`w na Xo` hmoVm h¡,
O¡gm{H$ Bg nm°{bgr XñVmdoO Ho$ ^mJ 'gr' H$s eV© 1.H$ _| {d{Z{X©ï> h¡&
17. {d_wpŠV ànÌ dh ànÌ h¡ Omo Bg nm°{bgr Ho$ A§VJ©V n[an¹$Vm/
Aä`n©U/ _¥Ë`w {hVbm^ H$m Xmdm H$aZo Ho$ {bE nm°{bgrYmaH$/XmdmH$Vm©
H$mo ^aZm hmoVm h¡&
18. {Z`V VmarI dh {Z`V VmarI h¡ O~ àr{_`_ Xo` hmoVm h¡ Am¡a
nm°{bgrYmaH$ Ûmam AXm H$a {X`m OmZm Mm{hE&
19. n¥ð>m§H$Z H$m AW© do eV] h¢, Omo Bg nm°{bgr Ho$ gmW g§b¾ h¢ Am¡a {OZHo$
Ûmam {ZJ_ Zo nm°{bgr _| gh_{Vnyd©H$ g§emoYZ AWdm gwYma {H$E h¢&
20. A{V[aŠV àr{_`_ dh à^ma h¡ Omo ~r_mboIZ {ZU©` Ho$ H$maU {H$gr Eogo
A{V[aŠV OmopI_ Ho$ {bE {b`m OmVm h¡ Omo Ý`yZV_ g§{dXm àr{_`_ _|
Zht {X`m J`m h¡&
LIC's Jeevan Umang Page 5 of 26
The definitions of terms/words used in the Policy Document
are as under:
1) Age is the age nearer birthday of the Life Assured at the time of
commencement of the policy. However, minimum period
between Date of Birth and Date of Issuance of Policy should
not be less than 90 days.
2) Appointee is the person to whom the proceeds/benefits
secured under the Policy are payable if the benefit becomes
payable to the nominee and nominee is minor as on the date of
claim payment.
3) Annualized Premium shall be the premium amount payable
in a year chosen by the policyholder, excluding the taxes, rider
premiums, underwriting extra premiums and loadings for
modal premiums, if any.
4) Assignee is the person to whom the rights and benefits are
transferred by virtue of an Assignment.
5) Assignment is the process of transferring the rights and
benefits to an “Assignee”. Assignment should be in
accordance with the provisions of Section 38 of Insurance Act,
1938, as amended from time to time.
6) Base Policy is that part of the Policy referring to basic benefit
(benefits referred to in this Policy Document excluding benefits
covered under Rider(s), if opted for).
7) Basic Sum Assured means the amount specified in the
Schedule as opted by the Policyholder at the time of taking the
policy.
8) Beneficiary/Claimant means the person(s) /entity who is/are
entitled to receive benefits under this Policy. The Beneficiary to
whom benefits are payable is the Proposer or Life Assured or
his Assignee under Section 38 of the Insurance Act, 1938, as
amended from time to time or Nominee(s) under Section 39 of
the Insurance Act, 1938, as amended from time to time or
proved Executors or Administrators or other Legal
Representatives who should take out representation to his/ her
Estate or limited to the moneys payable under this Policy from
any Court of any State or Territory of the Union of India, as
applicable.
9) Continued Insurability is the determination of insurability of
Life Assured/Proposer on revival of policy with rider(s) if opted
for, to the satisfaction of the Corporation based on the
information, documents and reports that are already available
and any additional information in this regard if and as may be
required in accordance with the Underwriting Policy of the
Corporation at the time of revival.
10) Corporation means the Life Insurance Corporation of India
established under Section 3 of the LIC Act, 1956.
11) Date of commencement of policy is the start date of this Policy.
12) Date of commencement of risk is the date on which the
Corporation accepts the risk for insurance (cover) as
evidenced in the Schedule of the policy.
13) Date of issuance of policy is a date when a proposal after
underwriting is accepted as a policy and this contract gets
effected.
14) Date of Maturity means the date specified in the Schedule on
which the Policy Term is completed.
15) Date of Vesting shall be policy anniversary date coinciding
with or immediately following the completion of 18 years of age.
On such vesting date, this policy shall be deemed to be a
contract between the Corporation and the Life Assured. The
Life Assured shall become the absolute owner of the policy and
the proposer or his estate shall cease to have any right or
interest therein.
16) Death Benefit means the benefit, which is payable on death as
specified in Condition 1. A of Part C of this Policy Document.
17) Discharge form is the form to be filled by policyholder/
claimant to claim the maturity /surrender / death benefit under
the policy.
18) Due Date means a fixed date on which the policy premium is
due and payable by the policyholder.
19) Endorsement means conditions attached/ affixed to this
Policy incorporating any amendments or modifications agreed
to or issued by the Corporation.
20) Extra premium means a charge, due to underwriting decision,
for any additional risk not provided for, in minimum contract
premium.
Plan No.- 945
21. A§{V_ A{V[aŠV ~moZg {Ogo A§{V_ ~moZg ^r H$hm OmVm h¡, dh A{V[aŠV
am{e h¡ Omo nm°{bgr g_m{á na gmYmaU àË`mdVu ~moZg Ho$ gmW Xo` hmoVr
h¡ ~eV} {H$ Eogm A§{V_ A{V[aŠV ~moZg {ZJ_ Ûmam Kmo{fV {H$`m J`m hmo
Am¡a nm°{bgr Eogo A§{V_ A{V[aŠV ~moZg Ho$ {bE J«mø hmo&
22. nyd©-g_mnZ, Xo` VmarI na ~H$m`m F$U Am¡a/AWdm F$U Ho$ ã`mO Ho$
^wJVmZ _| MyH$ hmoZo Ho$ H$maU nm°{bgr Ho$ ~§X H$aZo H$s H$ma©dmB© h¡ O~{H$
~H$m`m F$U Am¡a CgHo$ ã`mO H$s am{e Aä`n©U _yë` go A{YH$ hmo OmE&
23. {Z:ewëH$ AdbmoH$Z Ad{Y nm°{bgrYmaH$ Ûmam nm°{bgr àmá H$aZo H$s
VmarI Ho$ ~mX 15 {XZm| H$s dh Ad{Y h¡, {OgHo$ Xm¡amZ dh nm°{bgr Ho$
{Z`_/eVm] H$m nwZamdbmoH$Z H$a gH$Vm h¡ Am¡a `{X nm°{bgrYmaH$ {H$gr
{Z`_/ eV© go gh_V Zht h¡ Vmo CgHo$ nmg nm°{bgr dmng H$aZo H$m
{dH$ën h¡&
24. AZwJ«h Ad{Y {H$gr Ow_m©Zo `m {db§~ ewëH$ Ho$ {~Zm àr{_`_ AXm H$aZo Ho$
{bE {Z`V VmarI Ho$ ~mX ~r_mH$Vm© Ûmam {X`m J`m dh A{V[aŠV g_` h¡,
{OgHo$ Xm¡amZ nm°{bgr ~r_m gwajm Ho$ gmW Mmby _mZr OmVr h¡ Am¡a
nm°{bgr Ho$ {Z`_/ eVm] Ho$ AZwgma Cg_| H$moB© ì`dYmZ Zht AmVm&
25. Jma§Q>rH¥$V Aä`n©U _yë`, nm°{bgr Aä`{n©V {H$E OmZo na nm°{bgrYmaH$
H$mo Xo` Aä`n©U _yë` H$s Ý`yZV_ Jma§Q>rH¥$V am{e h¡&
26. Mmby nm°{bgr Eogr nm°{bgr h¡, {Og na g^r Xo` àr{_`_ AXm H$a {XE JE
h¢ Am¡a AZwJ«h Ad{Y go A{YH$ g_` Ho$ {bE àr{_`_ ~H$m`m Zht h¢&
27. AmBA
© maS>rEAmB© H$m AW© ^maVr` ~r_m {d{Z`m_H$ Ed§ {dH$mg àm{YH$aU h,¡
{Ogo nhbo ~r_m {d{Z`m_H$ Ed§ {dH$mg àm{YH$aU (AmBA
© maS>rE) H$hm OmVm Wm&
28. ''H$mbmVrV'' nm°{bgr H$s dh AdñWm h¡ O~ AZwJ«h Ad{Y Ho$ Xm¡amZ Xo`
àr{_`_ H$m ^wJVmZ Z {H$`m J`m hmo&
29. ~r{_V ì`pŠV dh ì`pŠV h¡, {OgHo$ OrdZ na ~r_m gwajm ñdrH¥$V {H$`m
J`m h¡&
30. F$U, {ZJ_ Ûmam nm°{bgrYmaH$ H$mo Aä`n©U _yë` Ho$ EdO _| Xo` dh am{e
h¡, Omo ã`mO g{hV MwH$mB© OmZr h¡&
31. n[an¹$Vm {hVbm^ dh {hVbm^ h¡ Omo nm°{bgr Ho$ n[an¹$ hmoZo na Xo`
hmoVm h¡, O¡gm{H$ Bg nm°{bgr XñVmdoO Ho$ ^mJ 'gr' H$s eV© 1.J _|
{d{Z{X©ï> h¡&
32. _hËdnyU© gyMZm nm°{bgr boZo Ho$ g_` ~r{_V ì`pŠV nm°{bgrYmaH$/
àñVmdH$ H$mo nhbo go hr kmV dh gyMZm h¡, Omo àñVwV {H$E JE àñVmd/
nm°{bgr Ho$ ~r_mboIZ H$mo à^m{dV H$aVr h¡&
33. Zm~m{bJ dh ì`pŠV h¡, {OgZo 18 df© H$s Am`w nyar Zht H$s h¡&
34. Zm_m§H$Z dh à{H«$`m h¡, {OgHo$ Ûmam àñVmd-nÌ _| {H$gr ì`pŠV/
ì`pŠV`m| H$mo ''Zm{_Vr'' Ho$ ê$n _| XO© {H$`m J`m hmo AWdm ~mX _|
n¥ð>m§H$Z Ho$ _mÜ`_ go em{_b {H$`m J`m hmo/~Xbm J`m hmo& Zm_m§H$Z
g_`-g_` na g§emo{YV ~r_m A{Y{Z`_, 1938 H$s Ymam 39 Ho$
AZwgma hmoZm Mm{hE&
35. Zm{_Vr Bg nm°{bgr Ho$ A§VJ©V nm°{bgrYmaH$ (Omo ~r{_V ì`pŠV ^r h¡)
Ûmam Zm{_V ì`pŠV h¡/h¢, Omo Bg nm°{bgr Ho$ A§VJ©V Xo` Xmdm {hVbm^
àmá H$aZo Am¡a Xmdo Ho$ {ZnQ>mZ na {ZJ_ H$mo d¡Y {d_wpŠV XoZo Ho$ {bE
àm{YH¥$V h¡/h¢&
36. _¥Ë`w {hVbm^ {H$íVm| _| boZo H$m {dH$ën: Bg nm°{bgr XñVmdoO Ho$ ^mJ
'S>r' H$s eV© 8 Ho$ {d{ZX}e Ho$ AZwgma, _¥Ë`w {hVbm^ {H$íVm| _| àmá H$aZo
H$m {dH$ën Bg nm°{bgr Ho$ A§VJ©V CnbãY EH$ {dH$ën h¡, {OgHo$
AZwgma _¥Ë`w {hVbm^ EH$_wíV boZo Ho$ ~Om`, nm°{bgrYmaH$ Ûmam MwZr JB©
g_`-Ad{Y _| {H$íVm| _| {b`m Om gH$Vm h¡&
37. ^mJrXma nm°{bgr H$m AW©, Cg nm°{bgr go h¡, Omo nm°{bgr Ho$ {Z`_/eVm]
Ho$ AZwgma CËnÞ ~MV (bm^) Ho$ {H$gr ^mJ Ho$ {bE hH$Xma hmo&
38. àXÎm nm°{bgr H$s dh AdñWm h¡, O~ àr{_`_ H$_ go H$_ Xmo nyU© dfm] Ho$
{bE AXm H$a Xr JB© hmo Am¡a CgHo$ ~mX H$s àr{_`_ AXm Z H$s JB© hmo&
39. nm°{bgr H$s df©Jm§R> H$m AW©, nm°{bgr àma§^ hmoZo H$s VmarI go EH$ df©
Am¡a CgHo$ ~mX nm°{bgr n[an¹$ hmoZo H$s VmarI VH$, àË`oH$ df© AmZo
dmbr dhr VmarI h¡&
40. nm{°bgr/nm{°bgr XñVmdO o {ZJ_ Ûmam Omar `h XñVmdO o Ama¡ nð¥>mH§$Z (`{X
H$mBo© hm)o h,¡ Omo nm{°bgrYmaH$ Ama¡ {ZJ_ H$o ~rM EH$ H$mZZyr H$ama h&¡
41. nm°{bgrYmaH$ Bg nm°{bgr H$m H$mZyZr _m{bH$ h¡&
42. nm°{bgr Ad{Y nm°{bgr àma§^ hmoZo H$s VmarI go n[an¹$Vm H$s VmarI VH$
dfm] _| ì`ŠV dh Ad{Y h¡ Omo nm°{bgrYmaH$ Zo MwZr h¡ Am¡a Omo AZwgyMr _|
{d{Z{X©ï> h¡&
LIC's Jeevan Umang Page 6 of 26
21) Final Additional Bonus, also called as Terminal Bonus, is an
additional amount payable along with the Simple Reversionary
Bonus when the policy terminates, provided such a Final
Additional Bonus is declared by the Corporation and the policy
is eligible for such Final Additional Bonus.
22) Foreclosure is an action of closing the policy due to default in
payment of outstanding loan and/or loan interest on due date
when the outstanding loan amount along with interest is to
exceed the surrender value.
23) Free Look Period is the period of 15 days from the date of
receipt of the Policy Document by the Policyholder to review
the terms and conditions of this policy and where the
Policyholder disagrees to any of those terms and conditions,
he/ she has the option to return this policy.
24) Grace period is the time granted by the insurer from the due
date for the payment of premium, without any penalty/ late fee,
during which time the policy is considered to be in-force with
the risk cover without any interruption.
25) Guaranteed Surrender Value is the minimum guaranteed
amount of Surrender Value payable to the policyholder on
surrender of the policy.
26) In-force policy means a policy in which all the due premiums
have been paid and the premiums are not outstanding beyond
grace period.
27) IRDAI means Insurance Regulatory and Development
Authority of India earlier called as Insurance Regulatory and
Development Authority (IRDA).
28) Lapse is the status of the Policy when due premium is not paid
within the grace period.
29) Life Assured is the person on whose life the insurance cover
has been accepted.
30) Loan is the interest bearing repayable amount granted by the
Corporation against the surrender value payable to the
policyholder.
31) Maturity Benefit means the benefit, which is payable on
maturity as specified in Condition 1. C of Part C of this Policy
Document.
32) Material information is the information already known to the
Policyholder/Life Assured/Proposer at the time of obtaining a
policy which has a bearing on underwriting of the proposal
/Policy submitted.
33) Minor is a person who has not completed 18 years of age.
34) Nomination is the process of nominating a person(s) who
is (are) named as “Nominee(s)” in the proposal form or
subsequently included/ changed by an endorsement.
Nomination should be in accordance with provisions of Section
39 of the Insurance Act, 1938 as amended from time to time.
35) Nominee(s) means the person(s) nominated by the
Policyholder (who is also the Life Assured) under this Policy
who is (are) authorised to receive the claim benefit payable
under this Policy and to give a valid discharge to the
Corporation on settlement of the claim.
36) Option to take Death Benefit in instalments: Option to take
death benefit in instalments, as specified in Condition 8 of Part
D of this Policy Document, is an option available under this
Policy, to receive Death Benefit in instalments instead of
lumpsum amount over a period chosen by the Policyholder/
Life Assured.
37) Participating policy means a Policy is eligible for share of
profit depending upon the Corporation's experience in
accordance with the terms and conditions of the policy.
38) Paid - Up is the status of the Policy, if the premiums are paid for
at least two full years and subsequent due premium/s be not
paid.
39) Policy Anniversary means one year from the date of
commencement of the Policy and the same date falling each
year thereafter, till the date of maturity.
40) Policy/ Policy Document means this document along with
endorsements, if any, issued by the Corporation which is a
legal contract between the Policyholder and the Corporation.
41) Policyholder is the legal owner of this policy.
42) Policy term is the period, in years, as chosen by the
policyholder and as specified in the Schedule, commencing
from the Date of commencement of policy to the Date of
Maturity.
Plan No.- 945
43. nm°{bgr df© Xmo bJmVma nm°{bgr df©Jm§R>m| Ho$ ~rM H$m g_` h¡& Bg Ad{Y
_| nhbm {XZ em{_b h¡, qH$Vw AJbr df©Jm§R> H$m {XZ em{_b Zht h¡&
44. àr{_`_, Bg nm°{bgr Ho$ A§VJ©V {hVbm^ gw{Z{üV H$aZo Ho$ {bE, Bg
nm°{bgr XñVmdoO H$s AZwgyMr _| C{„pIV dh g§{dXmJV am{e h¡ Omo
nm°{bgrYmaH$ Ûmam Amd{YH$ ê$n go {d{Z{X©ï> g_`m| na AXm H$s OmZr h¡&
Xo` àr{_`_ ''Hw$b {H$íV àr{_`_'' hmoJm, {Og_| {ZåZ{bpIV àr{_`_
em{_b h¢:
• _yb nm°{bgr Ho$ {bE {H$íV àr{_`_; Am¡a
• `{X AZwd¥{Õ(`m|) H$m M`Z {H$`m J`m h¡ Vmo AZwd¥{Õ(`m|) Ho$ {bE
{H$íV àr{_`_
Bg nm°{bgr XñVmdoO _| H$ht na ^r à`wŠV ''àr{_`_'' eãX _| H$moB© H$a
em{_b Zht h¡, CZH$m ^wJVmZ AbJ go {H$`m OmZm h¡&
45. àr{_`_ ^wJVmZ Ad{Y H$m AW© dfm] _| dh Ad{Y h¡, {OgHo$ Xm¡amZ
àmo{_`_ ^wJVmZ H$aZm h¡&
46. àñVmdH$ OrdZ ~r_m Ho$ àñVmd H$mo àñVwV H$aZo dmbm ì`pŠV h¡&
47. nwZM©bZ àr{_`_ H$s J¡a-AXm`Jr Ho$ H$maU ~§X H$s JB© nm°{bgr Ho$
nwZM©bZ H$m AW© h¡ ~r{_V ì`pŠV Am¡a/AWdm àñVmdH$ (`{X OrdZ ~r_m
{ZJ_ H$s àr{_`_ _m\$s AZwd¥{Õ H$m M`Z {H$`m h¡) H$s {Za§Va
~r_m`mo½`Vm (O¡go Cna _| n[a^m{fV {H$`m J`m h¡) Ho$ {df` _| g§Vwï>
hmoH$a, nm°{bgr Ho$ {Z`_ Am¡a eVm] Ho$ AZwgma g^r Xo` àr{_`_ VWm
AÝ` à^ma/{db§~ ewëH$, `{X H$moB© hmo, boH$a ~r_mH$Vm© Ûmam nm°{bgr
XñVmdoO _| Cëbo{IV g^r {hVbm^m| Ho$ gmW, AZwd¥{Õ {hVbm^m|; `{X
H$moB© hmo, Ho$ gmW `m ~J¡a, nm°{bgr H$mo {\$a go ~hmb H$aZm&
48. nZwMb © Z Ad{Y nhbr AXÎm àr{_`_ H$s VmarI go nmM§ {ZaV§a df© H$s dh
Ad{Y h¡ {OgH$o Xma¡mZ nm{°bgrYmaH$ H$mo Cg nm{°bgr H$mo nZwM{©bV H$amZo H$m
A{YH$ma hmJom, Omo àr{_`_ AXm Z H$aZo H$o H$maU ~X§ H$a Xr JB© Wr&
49. AZwd¥{Õ dh A{V[aŠV gwajm h¡ {OgH$m M`Z _yb `moOZm Ho$ gmW {H$`m
Om gH$Vm h¡&
50. AZwd¥{Õ {hVbm^ H$m AW© {hVbm^ H$s dh am{e h¡ Omo AZwd¥{Õ Ho$ A§VJ©V
àXÎm KQ>Zm hmoZo na Xo` h¡ Am¡a `h _yb CËnmX Ho$ {hVbm^m| na A{V[aŠV
{hVbm^ Ho$ ê$n _| {X`m OmVm h¡&
51. AZwd¥{Õ àr{_`_, dh àr{_`_ h¡ Omo nm°{bgrYmaH$ Ûmam _yb nm°{bgr Ho$
àr{_`_ Ho$ gmW-gmW, AZwd¥{Õ Ho$ A§VJ©V MwZo JE {H$gr A{V[aŠV
gwajm/ {hVbm^ Ho$ {bE Xo` h¡&
52. AZwd¥{Õ ~r_m am{e dh {Z{üV YZam{e h¡ Omo MwZr JB© AZwd¥{Õ Ho$ A§VJ©V
gwa{jV KQ>Zm hmoZo na Xo` hmoVr h¡&
53. AZwgyMr nm°{bgr XñVmdoO H$m dh ^mJ h¡ {Og_| AmnH$s nm°{bgr Ho$ {deof
{ddaU h¢&
54. gmYmaU àË`mdVu ~moZg, dh A{Yeof/bm^ h¡ Omo {ZJ_ Ûmam ^mJrXma
nm°{b{g`m| na àË`oH$ {dÎmr` df© Ho$ A§V _| {ZJ_ H$s AZw^d Ho$ AmYma na
Kmo{fV {H$`m OmVm h¡ Am¡a {OgH$mo nm°{bgr _| {d{Z{X©ï> {Z`_ Am¡a eVm] Ho$
AZwgma nm°{bgr Ho$ {hVbm^m| _| Omo‹S> {X`m OmVm h¡&Bg nm°{bgr _| `h
~moZg àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ à{V {dÎmr` df© Ho$ A§V _| {ZJ_
Ho$ AZw^d Ho$ AmYma na à{V hOma ~r{_V am{e Ho$ {hgm~ go Kmo{fV {H$`m
OmEJm&
55. _¥Ë`w na ~r_m am{e, Bg nm°{bgr Ho$ {Z`_ Ed§ eVm] Ho$ AZwgma, ~r{_V
ì`pŠV H$s _¥Ë`w hmo OmZo na Xo` {Z{üV am{e dmbm {hVbm^ h¡&
56. n[an¹$Vm na ~r_m am{e dh am{e h¡ Omo nm°{bgr Ho$ {Z`_ Ed§ eVm] Ho$
AZwgma, nm°{bgr H$s n[anŠdVm na Xo` hmoZr {Z{üV h¡&
57. Aä`n©U H$m AW© h¡ n[an¹$Vm go nhbo hr nyar nm°{bgr H$m nyU© AmhaU/
g_mnZ&
58. Aä`n©U _yë` H$m AW© Cg am{e go h¡ Omo Bg nm°{bgr Ho$ {Z`_ Ed§ eVm]
Ho$ AZwgma, Aä`n©U H$s pñW{V _| Xo` hmoVr h¡&
59. {dÚ_mZVm {hVbm^, nm°{bgr Ad{Y Ho$ ^mJ gr Ho$ eV© 1.I _| Am¡a ^mJ
S>r H$s eV© 2 _| C{„pIV àË`oH$ {Z{X©ï> Ad{Y Ho$ AZwgma ~r{_V ì`pŠV
Ho$ Or{dV ahZo na Xo` {hVbm^ h¡&
60. gmaUr~Õ àr{_`_ {H$gr Ny>Q> `m A{V[aŠV bmoqS>J Ho$ à`moJ Ho$ {~Zm
~r{_V ì`pŠV Ho$ Am`w na MwZr JB© _yb ~r_m am{e Ho$ {bE àr{_`_ h¡&
61. Hw$b AXm {H$`m J`m àr{_`_, {H$gr A{V[aŠV àr{_`_, AZwd¥{Õ àr{_`_
Am¡a H$am| H$mo N>mo‹S>H$a, àmá {H$E JE g^r àr{_`_m| H$m `moJ h¡&
62. ~r_mboIZ dh nm[a^m{fH$ eãX h¡, {OgH$m à`moJ OmopI_ H$m {ZYm©aU
H$aZo Am¡a `h gw{Z{üV H$aZo Ho$ {bE {H$`m OmVm h¡ {H$ gwajm H$s bmJV
g§~§{YV ì`pŠV Ûmam CR>mE JE OmopI_ Ho$ g_mZwnmVr h¡& ~r_mboIZ Ho$
AmYma na, gwajm H$mo ñdrH¥$V `m AñdrH¥$V H$aZo H$m VWm C{MV àr{_`_
`m g§emo{YV eVm], `{X H$moB© hm|, H$s à`moÁ`Vm na {ZU©` {b`m OmVm h¡&
63. `yAmB©EZ H$m AW© h¡ AmB©AmaS>rEAmB© Ûmam Bg `moOZm H$mo Amd§{Q>V AZÝ`
nhMmZ g§»`m&
LIC's Jeevan Umang Page 7 of 26
43) Policy year is the period between two consecutive policy
anniversaries. This period includes the first day and excludes
the next policy anniversary day.
44) Premium is the contractual amount payable by the
Policyholder at specified times periodically as mentioned in the
Schedule of this Policy Document to secure the benefits under
the policy. The premium payable will be “Total Instalment
Premium” which includes
• Instalment Premium for Base Policy and
• Instalment Premium for Rider(s), if rider(s) has been opted
for.
The term 'Premium' used anywhere in this Policy Document
does not include any taxes which is payable separately.
45) Premium paying term means the period, in years, during
which premium is payable.
46) Proposer is a person who proposes the life insurance proposal.
47) Revival of a policy means restoration of the policy, which was
discontinued due to non-payment of premium, by the insurer
with all the benefits mentioned in the policy document, with or
without rider benefits if any, upon the receipt of all the premium
due and other charges or late fee, if any, as per the terms and
conditions of the policy, upon being satisfied as to the
Continued Insurability (as defined above) of the Life Assured
and/or Proposer (if LIC's Premium Waiver Benefit Rider is
opted for).
48) Revival Period means the period of five consecutive years
from the date of first unpaid premium, during which period the
policyholder is entitled to revive the policy which was
discontinued due to the non-payment of premium.
49) Rider is an additional cover which can be opted for along with
Base Policy.
50) Rider Benefits means an amount of benefit payable on a
specified event offered under the Rider, and is allowed as add-
on benefit to benefit under Base Policy.
51) Rider Premium is the premium payable by the policyholder
along with the premium under Base Policy towards the
additional cover/benefit opted under the rider, if opted.
52) Rider Sum Assured is the assured amount payable on
happening of a specified event covered under the rider, if opted.
53) Schedule is the part of policy document that gives the specific
details of your policy.
54) Simple Reversionary Bonus is the surplus/profit declared at
the end of each financial year by the Corporation based on the
Corporation's experience to the Participating policies and
added to the benefits under the policy as per terms and
conditions as specified in the Policy Document. Under this
policy it shall be declared per thousand Basic Sum Assured at
the end of each financial year during the premium paying term
based on the Corporation's experience.
55) Sum Assured on Death means an absolute amount of benefit
which is guaranteed to become payable on death of life
assured in accordance with the terms and conditions of the
policy.
56) Sum Assured on Maturity means the amount which is
guaranteed to become payable on maturity of the policy, in
accordance with the terms and conditions of the policy.
57) Surrender means complete withdrawal or termination of the
entire policy before expiry of the policy term.
58) Surrender Value means an amount, if any, that becomes
payable in case of surrender in accordance with the terms and
conditions of the policy.
59) Survival Benefit means the benefit, which is payable on
survival of the Life Assured as mentioned in Condition 1. B of
Part C and Condition 2 of Part D of this Policy Document.
60) Tabular premium is the premium for the chosen Basic Sum
Assured based on the age of the Life Assured without
application of any rebate or extra loading.
61) Total Premiums paid means the total of all premiums received,
excluding any extra premium, any rider premium and taxes.
62) Underwriting is the term used to describe the process of
assessing risk and ensuring that the cost of the cover is
proportionate to the risks faced by the individual concerned.
Based on underwriting, a decision on acceptance or rejection
of cover as well as applicability of suitable premium or modified
terms, if any, is taken.
63) UIN means the Unique Identification Number allotted to this
plan by the IRDAI.
Plan No.- 945
64. {Z{hV ~moZg dh gmYmaU àË`mdVu ~moZg (`{X H$moB© hmo) {OgH$s KmofUm
nhbo hr H$a Xr JB© h¡ Am¡a Omo nm°{bgr go gå~Õ ahVm h¡&
^mJ-'gr': {hVbm^
1. EH$ Mmby nm°{bgr Ho$ A§VJ©V {ZåZ{bpIV {hVbm^ Xo` h¢:
H$. _¥Ë`w {hVbm^:
n[an¹$Vm H$s {Z`V VmarI go nyd© ~r{_V ì`pŠV H$s _¥Ë`w H$s pñW{V _| Xo`
_¥Ë`w {hVbm^, {ZåZ{bpIV Ho$ AZwgma hmoJm, ~eV] H$s nm°{bgr Mmby hmo:
i) OmopI_ àmaå^ hmoZo H$s {V{W Ho$ nyd© _¥Ë`w hmoZo na:
{~Zm ã`mO Ed§ H$a, A{V[aŠV àr{_`_ Ed§ AZwd¥{Õ àr{_`_, `{X H$moB©
h¡, Ho$ Abmdm Hw$b ^wJVmZ {H$`o J`o àr{_`_ H$s am{e Ho$ ~am~a am{e
Xo` hmoJr &
ii) OmopI_ àmaå^ hmoZo H$s {V{W Ho$ ~mX _¥Ë`w hmoZo na:
_¥Ë`w {hVbm^, Omo ''_¥Ë`w na ~r_m am{e'' Ho$ ê$n _| n[a^m{fV {H$`m
J`m, {Z{hV gmYmaU ~moZgm| Ho$ Am¡a A§{V_ A{V[aŠV ~moZg, `{X
H$moB© hmo, Ho$ gmW Xo` hmoJm&
{Og_| {H$ ''_Ë¥`w na ~r_m am{e'' H$m,o _b y ~r_m am{e `m dm{fH©$ àr{_`_
H$o 7 JUwm _| Omo ^r A{YH$ hm,o H$o ê$n _| n[a^m{fV {H$`m J`m h&¡
_¥Ë`w {hVbm^, _¥Ë`w H$s VmarI VH$ AXm {H$E JE àr{_`_m| ({H$gr ^r
A{V[aŠV àr{_`_, AZwd¥{Õ àr{_`_ Am¡a H$am| H$mo N>mo‹S>H$a) Ho$ 105
à{VeV go H$_ Zht hmoJm&
_¥Ë`w {hVbm^ H$m ^wJVmZ Zm{_{V`m| H$mo nm°{bgrYmaH$/~r{_V ì`pŠV Ho$
M`Z Ho$ AZwgma D$na {d{Z{X©ï> VarHo$ go Am¡a/AWdm {H$íVm| _| {H$`m
OmEJm O¡gm{H$, Bg nm°{bgr Ho$ ^mJ 'S>r' H$s eV© 8 _| {d{Z{X©ï> {H$`m
J`m h¡&
I. {dÚ_mZVm {hVbm^: ~eV] H$s nm°{bgr Mmby hmo, àr{_`_ ^wJVmZ Ad{Y
Ho$ A§V VH$ ~r{_V ì`pŠV Or{dV ahZo na ha df© _yb ~r_m am{e Ho$ 8%
{dÚ_mZVm bm^ Ho$ ê$n _| Xo` hmoJm& nhbm {dÚ_mZVm bm^ àr{_`_
^wJVmZ Ad{Y Ho$ A§V _| Xo` hmoJm Am¡a CgHo$ ~mX ~r{_V ì`pŠV Or{dV
ahZo VH$ `m nm°{bgr n[an¹$ hmoZo Ho$ nhbo H$s AmIar df©Jm§R> VH$, Omo
nhbo hmo, ha df© Xo` hmoJm&
J) n[an¹$Vm {hVbm^: n[an¹$Vm H$s VmarI VH$ ~r{_V ì`pŠV H$o Or{dV ahZo
na `{X nm{°bgr Mmby h¡ Vmo {Z{hV gmYmaU àË`mdVu ~mZog Ama¡ A{§V_
A{V[aŠV ~mZog, `{X H$mBo© hm,o H$o gmW ''n[an¹$Vm na ~r_m am{e'' X`o hmJor,
{Og_| ''n[an¹$Vm na ~r_m am{e'', _b y ~r_m am{e H$o g_mZ h&¡
2. AZwd¥{Õ {hVbm^:
Bg nm°{bgr Ho$ A§VJ©V {ZåZ{bpIV nm§M AZwd¥{Õ {hVbm^ CnbãY h¢:
H$. Eb. AmB©. gr. H$s XþK©Q>ZmJV _¥Ë`w Ed§ An§JVm {hVbm^ AZwd¥{Õ
(`yAmB©EZ: 512B209V02)
I. Eb. AmB.© gr. H$s ZB© Ad{Y ~r_m AZdw{¥Õ (`A y mBE©Z: 512B210V01)
J. Eb. AmB.© gr. H$s XKþQ©>Zm {hVbm^ AZdw{¥Õ (`A y mBE©Z: 512B203V03)
K. Eb. AmB©. gr. H$s ZB© J§^ra amoJ {hVbm^ AZwd¥{Õ
(`yAmB©EZ: 512A212V01)
L. Eb. AmB.© gr. H$s àr{_`_ N>yQ> {hVbm^ AZdw{¥Õ (`A y mBE©Z:
512B204V03)
VWm{n, `mo½` ~r{_V ì`pŠV, Eb. AmB©. gr. H$s XþK©Q>ZmJV _¥Ë`w Ed§
An§JVm AZwd¥{Õ Am¡a Eb. AmB©. gr. H$s XþK©Q>Zm {hVbm^ AZwd¥{Õ _| go
EH$ H$m hr M`Z H$a gH$Vm h¡&
Eb. AmB©. gr. H$s XþK©Q>ZmJV _¥Ë`w Ed§ An§JVm {hVbm^ AZwd¥{Õ/ XþK©Q>Zm
{hVbm^ AZwd¥{Õ: EH$ Mmby nm°{bgr Ho$ A§VJ©V, BZ XmoZm| _| go EH$
AZwd¥{Õ H$m M`Z, _yb nm°{bgr H$s àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ
{H$gr ^r g_` {H$`m Om gH$Vm h¡ ~eV} {H$ _yb nm°{bgr Ho$ gmW gmW
AZwd¥{Õ H$s eof nm°{bgr Ad{Y H$_ go H$_ nm§M df© hmo, qH$Vw `h M`Z
nm°{bgr H$s Cg dmf©Jm§R> go nyd© {H$`m OmZm Mm{hE& Zm~m{bJm| Ho$ OrdZ na
Omar nm°{bgr Ho$ A§VJ©V, `h AZwd¥{Õ {deof AZwamoY àmá hmoZo na, 18 df©
H$s Am`w nyU© hmoZo Ho$ ~mX H$s nm°{bgr df©Jm§R> go CnbãY hmoJr&
Eb. AmB©. gr. H$s ZB© Ad{Y ~r_m AZwd¥{Õ/ZB© J§^ra amoJ {hVbm^
AZwd¥{Õ: `o AZwd¥{Õ`m§ A{V[aŠV àr{_`_ Ho$ ^wJVmZ na Ho$db nm°{bgr Ho$
àma§^ _| hr CnbãY h¢&
Eb. AmB©. gr. H$s àr{_`_ Ny>Q> {hVbm^ AZwd¥{Õ: EH$ Mmby nm°{bgr Ho$
A§VJ©V, nm°{bgr Ho$ àñVmdH$ Ho$ OrdZ na (Š`m|{H$ ~r{_V ì`pŠV
Ad`ñH$ h¡) Bg AZwd¥{Õ H$m M`Z, nm°{bgr df©Jm§R> na {H$gr ^r g_`
qH$Vw _yb nm°{bgr Ho$ àr{_`_ Ho$ ^wJVmZ H$s Ad{Y Ho$ Xm¡amZ {H$`m Om
gH$Vm h¡ ~eV} {H$ _yb nm°{bgr Am¡a AZwd¥{Õ Ho$ àr{_`_ H$s ^wJVmZ
Ad{Y H$_ go H$_ nm§M df© eof hmo& gmW hr, Bg AZwd¥{Õ H$s AZw_{V
Cg nm°{bgr Ho$ A§VJ©V Xr OmEJr, {OZ_| `h AZwd¥{Õ MwZZo Ho$ g_`
~r{_V ì`pŠV Zm~m{bJ hmoJm& AZwd¥{Õ H$s Ad{Y (Bg AZwd¥{Õ Ho$ M`Z
Ho$ g_` na 25 _| go ~r{_V Zm~m{bJ H$s Am`w KQ>mHo$) go A{YH$ Zht
hmoJr&
LIC's Jeevan Umang Page 8 of 26
64) Vested Bonus is the simple reversionary bonus, if any, which
has already been declared and remains attached to the policy.
PART– C: BENEFITS
1. The following benefits are payable under an in-force policy:
A. Death Benefit:
On death of the Life Assured before the stipulated Date of
maturity provided the policy is in-force then:
i) On death before the Date of commencement of Risk:
An amount equal to the total amount of premiums paid
without interest excluding taxes, Extra Premium and Rider
Premium, if any, shall be payable.
ii) On death after the Date of commencement of Risk:
Death Benefit defined as the sum of “Sum Assured on
Death”, vested Simple Reversionary Bonus and Final
Additional Bonus, if any, shall be payable.
Where “Sum Assured on Death” is higher of 7 times of
Annualized Premium or Basic Sum Assured.
This death benefit shall not be less than 105% of the total
premiums paid (excluding taxes, Extra Premium and
Rider(s) premiums, if any), upto the date of death.
The Death Benefit shall be paid in lumpsum as specified above
and/or in instalments, as specified in Condition 8 of Part D of
this Policy Document, as per the option exercised by the
Policyholder/Life Assured.
B. Survival Benefit: On the life assured surviving to the end of
the premium paying term, provided the policy is in-force , a
survival benefit equal to 8% of Basic Sum Assured shall be
payable each year. The first survival benefit payment is
payable at the end of premium paying term and thereafter on
completion of each subsequent year till the Life Assured
survives or till the policy anniversary prior to the date of
maturity, whichever is earlier.
C. Maturity Benefit: On the Life Assured surviving to the
stipulated Date of Maturity, provided the policy is in-force,
“Sum Assured on Maturity” along with vested Simple
Reversionary Bonuses and Final Additional Bonus, if any, shall
be payable. Where “Sum Assured on Maturity” is equal to Basic
Sum Assured.
2. Rider Benefits:
The following five rider(s) are available under this policy:
A. LIC's Accidental Death and Disability Benefit Rider (UIN:
512B209V02)
B. LIC's New Term Assurance Rider (UIN 512B210V01)
C. LIC's Accident Benefit Rider (UIN 512B203V03)
D. LIC's New Critical Illness Benefit Rider ( UIN 512A212V01)
E. LIC's Premium Waiver Benefit Rider (UIN: 512B204V03)
However, the eligible Life Assured can opt between either of
the LIC's Accidental Death and Disability Rider or LIC's
Accident Benefit Rider.
LIC's Accidental Death and Disability Benefit Rider/ LIC's
Accident Benefit Rider: Under an in-force policy either of
these riders can be opted for at any time within the premium
paying term of the Base Policy provided, the outstanding
premium paying term of the Base Policy as well as the rider is at
least five years. Under the policy on the life of minors, this rider
will be available from the policy anniversary following
completion of age 18 years on receipt of specific request.
LIC's New Term Assurance Rider/LIC's New Critical Illness
Benefit Rider: These riders are available only at the inception
of the policy on payment of additional premium.
LIC's Premium Waiver Benefit Rider: Under an in-force
policy, this rider can be opted for on the life of Proposer of the
policy (as the Life assured is minor), at any time coinciding with
the policy anniversary but within the premium paying term of
the Base Policy provided the outstanding premium paying term
of the Base Policy and the rider is at least five years. Further,
this rider shall be allowed under the policy wherein the Life
Assured is Minor at the time of opting this rider. The Rider term
shall not exceed (25 minus age of the minor Life Assured at the
time of opting this rider).
Plan No.- 945
 `{X Bg AZwd¥{Õ H$m M`Z {H$`m OmVm h¡ Vmo àñVmdH$ H$s _¥Ë`w H$s pñW{V
_|, _¥Ë`w H$s VmarI Ho$ ~mX AZwd¥{Õ Ad{Y g_má hmoZo VH$ Xo` hmoZo dmbo
_yb nm°{bgr go g§~§{YV àr{_`_m| Ho$ ^wJVmZ H$s Ny>Q> Xo Xr OmEJr& VWm{n,
Eogr pñW{V _| `{X _yb nm°{bgr Ho$ àr{_`_ ^wJVmZ H$s Ad{Y AZwd¥{Õ
Ad{Y go A{YH$ h¡ Vmo Bg àr{_`_ Ny>Q> {hVbm^ AZwd¥{Õ Ad{Y H$s
g_m{á H$s VmarI VH$ _yb nm°{bgr Ho$ A§VJ©V ^{dî` _| Xo` g^r
àr{_`_m| H$m ^wJVmZ ~r{_V ì`pŠV H$mo H$aZm hmoJm& Eogo àr{_`_m| H$m
^wJVmZ Z H$aZo na nm°{bgr, àXÎm nm°{bgr hmo OmEJr&
`{X AZwd¥{Õ`m| H$m M`Z {H$`m OmVm h¡ Vmo CZH$s eV] Bg nm°{bgr Ho$
n¥ð>m§H$Z Ho$ ê$n _| g§b¾ h¢&
3. OmopI_ àmaå^ hmoZo H$s {V{W (`{X ~r{_V ì`pŠV H$s Am`w 8 df© go H$_
hmo, V^r bmJy): `{X ~r{_V ì`pŠV H$s àdoe Ho$ g_` Am`w 8 gmb go H$_
hmo, Bg nm°{bgr _| OmopI_ nm°{bgr àmaå^ hmoZo H$s {V{W go 2 gmb nyU©
hmoZo Ho$ EH$ {XZ nhbo `m 8 gmb nyam hmoZo Ho$ Vwa§V ~mX H$s nm°{bgr
df©Jm§R> go EH$ {XZ nhbo, BZ_| go Omo nhbo hmo, àmaå^ hmoJr& àdoe Ho$
g_` {OZH$s Am`w 8 gmb `m Á`mXm hmo, Omo{I_ nm°{bgr Omar hmoZo H$s
{V{W go VËH$mb àmaå^ hmoJr&
4. Zm~m{bJ Ho$ OrdZ na Omar nm°{bgr H$m {Z{hV hmoZm: `{X ~r{_V ì`pŠV
{Z{hV hmoZo H$s VmarI na Or{dV h¡ Am¡a nm°{bgr H$s YZam{e`m| H$mo àmá
H$aZo Ho$ A{YH$mar ì`pŠV go, {Z{hV hmoZo VH$ H$s VmarI VH$ nm°{bgr Ho$
Aä`n©U H$m {bpIV AZwamoY {ZJ_ H$mo àmá Zht hþAm h¡ Vmo {Z{hV hmoZo H$s
Eogr VmarI H$mo `h nm°{bgr ñdV: ~r{_V ì`pŠV _| {Z{hV hmo OmEJr&
5. bm^ _| à{V^mJr: ~eV} {H$ nm°{bgr MbZ _| hmo, {ZJ_ Ho$ AZw^d na
{Z^©a H$aVo hþE, g_`-g_` na g§emo{YV ^maVr` OrdZ ~r_m {ZJ_
A{Y{Z`_, 1956 Ho$ à`moÁ` àmdYmZm| Ho$ AZwgma, nm°{bgr bm^m| H$s
à{V^mJr hmoJr&
~moZg, EH$ X\$m Kmo{fV hmoZo na `moOZm Ho$ Jma§Q>rH¥$V {hVbm^m| H$m A§e
~Z OmVm h¡&
àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ _wZm\o$ H$m {dVaU:
nm°{bgr`m§ àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ {ZJ_ Ûmam Kmo{fV Xa Am¡a
eVm] Ho$ AZwgma gmYmaU àË`mdVu ~moZg Ho$ {bE nmÌ hm|Jr & BZ gmYmaU
àË`mdVu ~moZgm| H$s KmofUm dm{f©H$ ê$n go _wb ~r_m am{e na àË`oH$
{dÎmr` df© H$s g_m{á na H$s OmEJr,~eV] nm°{bgr Mmby hmo&
AJa àr{_`_m| H$m {d{YdV ^wJVmZ Zht {H$`m J`m hmo Vmo nm°{bgr àr{_`_
^wJVmZ Ad{Y Ho$ Xm¡amZ _wZmµ\$m| _| à{V^m{JVm H$aZm ~§X H$a XoJr, Mmho
nm°{bgr Zo àXÎm _yë` àmá {H$`m hmo `m Zht&
AJa nm°{bgr H$mo Aä`{n©V {H$`m OmVm h¡, Vmo {Z{hV ~moZgm| H$m Aä`n©U
_yë`,AJa H$moB© hmo, Bg nm°{bgr XñVmdoµO Ho$ ^mJ S>r H$s eV© g§»`m 4 _|
{d{ZYm©[aV AZwgma Xo` hmoJm&
Mmby nm°{bgr Ho$ A§VJ©V A§{V_ A{V[aŠV ~moZg H$s KmofUm Cg df© H$s Om
gH$Vr h¡, O~ _¥Ë`w Ho$ H$maU Xmdo H$s pñW{V CËnÞ hmo&
àXÎm nm°{bgr na `m àr{_`_ Ad{Y Ho$ Xm¡amZ nm°{bgr H$s Aä`n©U H$aZo
na A§{V_ A{V[aŠV ~moZg Xo` Zht hmoJm&
àr{_`_ ^wJVmZ Ad{Y Ho$ ~mX _wZm\o$ H$m {dVaU (Ho$db nyU©V… àXÎm
nm°{bgr`m| `m é. 2 bmI `m A{YH$ n[an¹$Vm àXÎm ~r_m am{e dmbr
nm°{bgr`m| hoVw bmJy):
nyU©V… àXÎm nm°{bgr Ho$ A§VJ©V (Ohm§ nm°{bgr Ad{Y Ho$ Xm¡amZ g^r Xo`
àr{_`_m| H$m ^wJVmZ {H$`m J`m hmo) `m àXÎm nm°{bgr, Ohm§ n[an¹$Vm àXÎm
~r_m am{e é. 2 bmI `m A{YH$ hmo, Ho$ {bE àr{_`_ ^wJVmZ Ad{Y Ho$
~mX _wZm\o$ H$s à{V^m{JVm hoVw eV], {^Þ AmYma d n¡_mZo na hmo gH$Vr h¡,
Omo {H$ Bg `moOZm Ho$ A§VJ©V Cg g_` {ZJ_ Ho$ AZw^d na {Z^©a H$aoJm&
Eogr nm°{bgr Ho$ A§VJ©V A§{V_ A{V[aŠV ~moZg H$s KmofUm Cg g_` ^r
H$s Om gH$Vr h¡, O~ _¥Ë`w `m n[an¹$Vm Ho$ H$maU nm°{bgr Xmdo _| n[aUV
hmoVr h¡ &
AJa nm°{bgr H$mo Aä`{n©V {H$`m OmVm h¡,Vmo {Z{hV ~moZgm| H$m Aä`n©U
_yë`, AJa H$moB© hmo, Aä`n©U H$s {V{W H$mo Omo ^r bmJy hmo, Bg nm°{bgr
XñVmdoµO Ho$ ^mJ "S>r' H$s eV© g§»`m 4 _| {d{ZYm©[aV AZwgma Xo` hmoJm&
gmW hr, nm°{bgr`m| H$m Aä`n©U H$aZo na bmJy A{V[aŠV ~moZg, AJa
H$moB© hmo, {deof Aä`n©U _yë` Ho$ ^wJVmZ na ^r {dMma {H$`m Om gH$Vm h¡&
àXÎm nm°{bgr Ho$ A§VJ©V é. 2 bmI go H$_ n[an¹$Vm àXÎm ~r_m am{e
dmbr nm°{bgr ^{dî` Ho$ {H$Ýht _wZmµ\$m| _| à{V^{JVm Zht H$aoJr&
6. àr{_`_m| H$m ^wJVmZ:
H$) Bg nm°{bgr XñVmdoO H$s AZwgyMr Ho$ {d{ZX}e Ho$ AZwgma,
nm°{bgrYmaH$ H$mo g_`-g_` na bmJy H$am| g{hV, àr{_`_ H$m
^wJVmZ, àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ H$aZm hmoVm h¡&
LIC's Jeevan Umang Page 9 of 26
If this rider is opted for, on death of proposer, payment of
premiums in respect of base policy falling due after the date of
death till the expiry of rider term shall be waived. However, in
such case, if the premium paying term of the base policy exceeds
the rider term, all the further premiums due under the base policy
from the date of expiry of this Premium Waiver Benefit Rider term
shall be payable by the Life Assured. On non-payment of such
premiums the policy would become paid-up.
Conditions of rider(s), if opted, are enclosed as
endorsement to this policy.
3. Date of Commencement of Risk (applicable only if the age of
the Life Assured is less than 8 years): If the age at entry of the
Life Assured is less than 8 years, the risk under this plan will
commence either one day before the completion of 2 years from
the date of 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. For those aged
8 years or more at entry, risk will commence immediately from
the date of issuance of policy.
4. Vesting of policy on the life of a minor: If the Life Assured is
alive on the Date of Vesting and if a request in writing for
surrendering the policy has not been received by Corporation
before such Date of Vesting from the person entitled to the
policy moneys, this policy shall automatically vest in the Life
Assured on such Date of vesting.
5. Participation in profits: Depending upon the Corporation's
experience the policy shall participate in profits in accordance
with the applicable provisions of LIC Act, 1956, as amended
from time to time.
Bonuses once declared form part of the guaranteed benefit of
the plan.
Profit distribution during premium paying term:
Policies will be eligible for Simple Reversionary Bonus during
premium paying term at such rate and on such terms as may be
declared by the Corporation. These Reversionary Bonuses
shall be declared annually on the Basic Sum Assured at the
end of each financial year provided the policy is in-force.
In case the premiums are not duly paid, the policy shall cease
to participate in future profits during the premium paying term
irrespective of whether or not the policy has acquired paid up
value.
In the event of policy being surrendered, the Surrender Value
of vested bonuses, if any, as applicable on the date of
surrender, will be payable as specified in Condition 4 of Part D
of this Policy Document.
Final Additional Bonus may also be declared under an in-force
policy in the year when such policy results into a claim by
death.
Final Additional Bonus shall not be payable under paid-up policy
or on surrender of a policy during the premium paying term.
Profit distribution after premium paying term (applicable
only for fully paid-up policies or for paid-up policies with
Maturity Paid-up Sum Assured of Rs. 2 lakhs or more):
Under a fully paid-up policy (where all premiums payable
during the term of the policy stand paid) or in a paid-up policy
with Maturity Paid-up Sum Assured of Rs. 2 lakhs or more, the
terms for participation of profits after the premium paying term
may be in a different form and on a differential scale depending
on the Corporation's experience under this plan at that time.
Final Additional Bonus may also be declared under such policy
in the year when a policy results into a claim either by death or
maturity.
In the event of policy being surrendered, the Surrender Value
of vested bonuses, if any, as applicable on the date of
surrender, will be payable as specified in Condition 4 of Part D
of this Policy Document. In addition, applicable Final Additional
Bonus for surrendering policies, if any, may also be considered
in payment of Special Surrender Value.
Under a paid-up policy with Maturity Paid-up Sum Assured of
less than Rs. 2 lakhs, the policy shall not participate in any
future profits.
6. Payment of Premiums
a) The policyholder has to pay the Premium on the due dates
during the premium paying term as specified in the
Schedule of this Policy Document along with applicable
taxes, if any, from time to time.
Plan No.- 945
 I) {Og Mmby nm°{bgr Ho$ A§VJ©V, _¥Ë`w H$s VmarI VH$ Xo` g^r
àr{_`_m| H$m ^wJVmZ H$a {X`m J`m h¡ Am¡a {Og_| àr{_`_ ^wJVmZ
H$s àUmbr dm{f©H$ go Abmdm h¡, CgHo$ A§VJ©V ~r{_V ì`pŠV H$s
_¥Ë`w H$s pñW{V _|, _¥Ë`w H$s VmarI go AJbr nm°{bgr df©Jm§R> VH$
H$moB© àr{_`_ `{X eof hmoJm, Vmo dh Xmdm am{e _| go H$mQ> {b`m
OmEJm&
{ZJ_ Eogm H$moB© Zmo{Q>g Omar H$aZo Ho$ {bE ~mÜ` Zht h¡ {H$ àr{_`_
AWdm am{e Xo` hmo JB© h¡&
7. AZwJ«h Ad{Y: dm{f©H$ `m AY©-dm{f©H$ `m Ì¡_m{gH$ àr{_`_m| Ho$ ^wJVmZ Ho$
{bE nhbo AXÎm àr{_`_ H$s VmarI go 30 {XZ Am¡a _m{gH$ àr{_`_m| Ho$
^wJVmZ Ho$ {bE 15 {XZ H$s AZwJ«h Ad{Y H$s AZw_{V Xr OmEJr& `{X
Ny>Q> Ho$ {XZ g_má hmoZo go nyd© àr{_`_ H$m ^wJVmZ Zht {H$`m OmVm h¡ Vmo
nm°{bgr H$mbmVrV hmo OmEJr&
`{X ~r{_V ì`pŠV H$s _¥Ë`w AZwJ«h-Ad{Y Ho$ Xm¡amZ qH$Vw Xo` àr{_`_
AXm H$aZo go nyd© hmo OmVr h¡ Vmo nm°{bgr V~ ^r d¡Y ahoJr Am¡a Cn`w©ŠV
AXÎm àr{_`_ VWm _¥Ë`w H$s VmarI go AJbr nm°{bgr df©Jm§R> VH$ Xo`
àr{_`_ Ho$ gmW {H$gr eof àr{_`_m| H$s am{e H$mQ>H$a, {hVbm^m| H$m
^wJVmZ {H$`m OmEJm&
Cn`w©ŠV AZwJ«h Ad{Y CZ AZwd¥{Õ àr{_`_m| na ^r bmJy hmoJr, Omo _yb
~r_m nm°{bgr àr{_`_ Ho$ gmW hr Xo` hmoVo h¢&
^mJ - 'S>r': godm nj go g§~§{YV eV]
1. Am`w H$m à_mU : My§{H$ àr{_`_m| H$s JUZm, àñVmd nÌ _| ~r{_V ì`pŠV H$s
Kmo{fV Am`w Ho$ AmYma na H$s JB© h¡, Bg{bE `{X Am`w Eogr Kmo{fV Am`w
go A{YH$ nmB© OmVr h¡ Vmo g_`-g_` na g§emo{YV ~r_m A{Y{Z`_,
1938 Ho$ A§VJ©V àmá A{YH$mam| Am¡a Cnm`m| g{hV, {ZJ_ Ho$ AÝ`
A{YH$mam| VWm Cnm`m| na H$moB© à{VHy$b à^md S>mbo {~Zm, àdoe Ho$ g_`
H$s ghr Am`w Ho$ g_` nm°{bgr H$s pñW{V Ho$ AZwgma g§~§{YV ~r_m am{e
na VWm AZwd¥{Õ ~r_m am{e (`{X H$moB© hmo) na JUZm H$s Xa go àr{_`_
Xo` hmoJm Am¡a nm°{bgr àma§^ hmoZo go boH$a, Eogo ^wJVmZ H$s VmarI VH$
ghr Am`w Ho$ àr{_`_m| Am¡a _m¡{bH$ àr{_`_m| Ho$ g§{MV A§Va H$m ^wJVmZ
{ZJ_ H$mo ã`mO g{hV Cg Xa na Xo` hmoJm, {OgH$m {ZYm©aU {ZJ_
g_`-g_` na H$aoJm& VWm{n, `{X ~r{_V ì`pŠV/ àñVmdH$ `hm§ {bpIV
Xam| na àr{_`_m| H$m ^wJVmZ Omar aIVm h¡ Am¡a Cn`w©ŠV g§{MV F$U H$m
^wJVmZ Zht H$aVm h¡ Vmo nm°{bgr àma§^ hmoZo go nm°{bgr Ho$ Xmdo _| n[ad{V©V
hmoZo VH$, R>rH$ Am`w Ho$ àr{_`_m| Am¡a _m¡{bH$ àr{_`_m| H$m g§{MV A§Va,
Eogo A§Va H$s àË`oH$ {H$íV na {ZJ_ Ûmam g_`-g_` na {Z`V Xa na
ã`mO g{hV Cn{MV hmo OmEJm, Omo Cg nm°{bgr na ~r{_V ì`pŠV/
àñVmdH$ Ûmam Xo` F$U _mZm OmEJm Am¡a CgH$s am{e, nm°{bgr Ho$ Xmdo _|
n[ad{V©V hmoZo na Xo` nm°{bgr am{e _| go H$mQ> br OmEJr&
BgHo$ A{V[aŠV `h ^r eV© h¡ {H$ `{X àdoe Ho$ g_` ~r{_V ì`pŠV H$s
ghr Am`w Eogr h¡ {Oggo {H$ Cn`w©ŠV AZwgyMr _| {d{Z{X©ï> dJ© `m ~r_m
eVm] Ho$ A§VJ©V ~r_o Ho$ A`mo½` hmo OmVm Vmo dJ© Am¡a ~r_m g§~§Yr eV]
n[ad{V©V hmoH$a, ~r_o H$s Eogr `moOZm hmo OmE§Jr, O¡gm{H$ Bg nm°{bgr Ho$
àma§^ Ho$ g_` Mmby à{H«$`m Ho$ AZwgma {ZJ_ Ûmam àXmZ H$s OmVr h¢ Am¡a
Eogm nm°{bgrYmaH$ H$s gh_{V go {H$`m OmEJm AÝ`Wm nm°{bgr {ZañV H$a
Xr OmEJr&
2. OãVr Am¡a J¡a-OãVr {d{Z`_:
OãVr {d{Z`_:
i. gr{_V àr{_`_ ^wJVmZ nm°{b{g`m| Ho$ _m_bo _|, `{X Bg nm°{bgr Ho$
{bE Xmo df© go H$_ H$m àr{_`_ AXm {H$`m J`m h¡ Am¡a CgHo$ ~mX
Xo` H$moB© àr{_`_ AXm Zht {H$`m J`m h¡ Vmo Ny>Q> H$s Ad{Y g_má
hmoZo Ho$ nümV nhbo AXÎm àr{_`_ H$s VmarI go g^r {hVbm^
g_má hmo OmE§Jo Am¡a Hw$N> ^r Xo` Zht hmoJm VWm V~ VH$ AXm {H$E
JE àr{_`_ ^r dmngr `mo½` Zht hm|Jo&
ii. Hw$N> AÝ` pñW{V`m| _| OãVr: `{X `hm§ {Z{hV AWdm n¥ð>m§{H$V {H$gr
eV© H$m C„§KZ hmoVm h¡ AWdm `{X Eogm nm`m OmVm h¡ {H$ àñVmd
nÌ _|, ì`pŠVJV ~`mZ/H$WZ _|, KmofUm Am¡a g§~§{YV XñVmdoOm| _|
H$moB© AgË` AWdm JbV ~`mZ {Z{hV h¡ `m H$moB© _hËdnyU© gyMZm
{N>nmB© JB© h¡ Vmo, V~ Am¡a Eogo àË`oH$ _m_bo _| `h nm°{bgr eyÝ` hmo
OmEJr Am¡a Bg H$maU go, {H$gr ^r {hVbm^ Ho$ Xmdm| na, g_`-
g_` na g§emo{YV ~r_m A{Y{Z`_, 1938 H$s Ymam 45 Ho$
àmdYmZ bmJy hm|Jo&
J¡a-OãVr {d{Z`_:
`{X H$_ go H$_ Xmo dfm] H$m nyU© àr{_`_ AXm H$a {X`m J`m h¡ Am¡a CgHo$
nümV Ho$ àr{_`_ AXm Zht {H$E JE h¢ Vmo `h nm°{bgr nyar Vah ^§J Zht
hmoJr ~pëH$ EH$ àXÎm nm°{bgr Ho$ ê$n _| ~Zr ahoJr&
àXÎm nm°{bgr Ho$ A§VJ©V _¥Ë`w na ~r_m am{e KQ> H$a Eogr am{e ah OmEJr,
{Ogo _¥Ë`w àXÎm ~r_m am{e H$hm OmVm h¡ Am¡a `h am{e, _yb ê$n go Xo`
LIC's Jeevan Umang Page 10 of 26
b) In case of death of Life Assured under an in-force policy
wherein all the premiums due till the date of death have
been paid and where the mode of payment of premium is
other than yearly, balance premium(s), if any, falling due
from the date of death and before the next policy
anniversary shall be deducted from the claim amount.
The Corporation does not have any obligation to issue a
notice that premium is due or for the amount that is due.
7. Grace Period: A grace period of 30 days shall be allowed for
payment of yearly or half-yearly or quarterly premiums and 15
days for monthly premiums from the date of First unpaid
premium. If the premium is not paid before the expiry of the
days of grace, the Policy lapses.
If the death of the Life Assured occurs within the grace period but
before the payment of the premium then due, the policy will still
be valid and the benefits shall be paid after deductions of the said
unpaid premium as also the balance premium(s), if any, falling
due from the date of death and before the next policy
anniversary.
The above grace period will also apply to rider premiums which
are payable along with premium for base policy.
PART – D:
CONDITIONS RELATED TO SERVICING ASPECTS
1) Proof of Age: The premiums having been calculated on the
age of the Life Assured as declared in the Proposal, in case the
age is found higher than such age, without prejudice to the
Corporation's other rights and remedies, including those under
the Insurance Act, 1938 , as amended from time to time, the
premiums shall be payable in such case at the rate calculated
on the Basic Sum Assured and Rider(s) Sum Assured, if opted
for, the correct age at entry, and the accumulated difference
between the premiums for the correct age and the original
premiums, from the commencement of the Policy upto the date
of such payment shall be paid to the Corporation with interest
at such rate as fixed by the Corporation from time to time.
However, in case the Life Assured/Proposer continues to pay
the premiums at the rates shown herein, and also does not pay
the above mentioned accumulated debt, the accumulated
difference between the premiums for the correct age and the
original premiums from the commencement of this Policy up to
the date on which the Policy becomes a claim, with interest on
each instalment of such difference at such rate as may be fixed
by the Corporation from time to time, shall accrue and be
treated as a debt due by the Life Assured / Proposer against the
said Policy and shall be deducted from the Policy moneys
payable on the Policy becoming a claim.
Provided further that if the Life Assured's correct age at entry is
such as would have made him/her uninsurable under the class
or terms of assurance specified in the said Schedule hereto,
the class or terms shall stand altered to such Plan of Assurance
as are granted by the Corporation according to the practice in-
force at the commencement of this policy subject to the consent
of the Policyholder, otherwise the policy will be cancelled.
2) Forfeiture and Non-forfeiture Regulations:
Forfeiture Regulations:
i. If less than two years' premiums have been paid in respect
of this policy and any subsequent premium be not duly
paid, all the benefits under this policy shall cease after the
expiry of grace period from the date of first unpaid premium
and nothing shall be payable, and the premiums paid
thitherto are also not refundable.
ii. Forfeiture in Certain Other Events: In case any condition
herein contained or endorsed hereon be contravened or in
case it is found that any untrue or incorrect statement is
contained in the proposal, personal statement, declaration
and connected documents or any material information is
withheld, then and in every such case this policy shall be
void and all claims to any benefit in virtue of this policy shall
be subject to the provisions of Section 45 of the Insurance
Act, 1938, as amended from time to time.
Non–forfeiture Regulations:
If after at least two full years' premiums have been paid and
any subsequent premiums be not duly paid, this policy shall not
be wholly void, but shall subsist as a paid-up policy till the end
of the policy term.
The Sum Assured on Death under a paid-up policy shall be
reduced to such a sum called “Death Paid-up Sum Assured”
Plan No.- 945
 àr{_`_ ^wJVmZ H$s A{YH$V_ Ad{Y Am¡a nhbo go hr ^wJVmZ H$a {XE JE
àr{_`_ H$s Hw$b Ad{Y Ho$ AZwnmV go, _¥Ë`w na ~r_m am{e H$mo JwUm H$aHo$
Am`r am{e Ho$ g_mZ hmoJr&
àXÎm nm°{bgr Ho$ A§VJ©V n[an¹$Vm na ~r_m am{e KQ>H$a Eogr am{e ah
OmEJr {Ogo ''n[an¹$Vm àXÎm ~r_m am{e'' H$hm OmVm h¡ Am¡a `h am{e,
_yb ê$n go Xo` àr{_`_ ^wJVmZ H$s A{YH$V_ Ad{Y Am¡a nhbo go hr
^wJVmZ H$a {XE JE àr{_`_ H$s Hw$b Ad{Y Ho$ AZwnmV go, n[an¹$Vm na
~r_m am{e H$mo JwUm H$aHo$ Am`r am{e Ho$ g_mZ hmoJr&
àXÎm nm°{bgr Ho$ A§VJ©V {dÚ_mZVm {hVbm^ :
1. AJa n[an¹$Vm àXÎm ~r_m am{e Ý`yZV_ _yb ~r_m am{e , AWm©V é.
2 bmI go H$_ h¡ Vmo Eogr nm°{bgr`m| Ho$ A§VJ©V {dÚ_mZVm {hVbm^m|
H$m ^wJVmZ Zht {H$`m OmEJm&
2. AJa n[anŠdVm àXÎm ~r_m am{e é. 2 bmI H$s Ý`yZV_ _yb ~r_m
am{e Ho$ g_mZ `m Bggo A{YH$ h¡ Vmo àË`oH$ df© Ho$ {bE n[an¹$Vm
àXÎm ~r_m am{e Ho$ 8% Ho$ g_mZ {dÚ_mZVm {hVbm^ Xo` hm|Jo& nhbo
{dÚ_mZVm {hVbm^ H$m ^wJVmZ nm°{bgr Ad{Y Ho$ A§V VH$ ~r{_V
ì`pŠV Ho$ Or{dV ahZo na Xo` hmoJm& Am¡a CgHo$ nümV ~r{_V ì`pŠV
Ho$ Or{dV ahZo VH$ àË`oH$ df© `m nm°{bgr H$s n[an¹$Vm H$s {V{W go
nhbo nm°{bgr df©Jm§R> VH$, Omo ^r nhbo hmo, Xo` hmoJm&
àXÎm nm°{bgr Ho$ A§VJ©V, nm°{bgr Ad{Y Ho$ Xm¡amZ ~r{_V ì`pŠV H$s _¥Ë`w
hmoZo na, _¥Ë`w na àXÎm ~r_m am{e, {Z{hV gmYmaU àË`mdVu ~moZgm| Ho$
gmW, AJa H$moB© hmo, Xo` hmoJr Am¡a ~r{_V ì`pŠV H$mo nm°{bgr Ad{Y H$s
g_m{á VH$ Or{dV ahZo na, n[an¹$Vm àXÎm ~r_m am{e, {Z{hV gmYmaU
àË`mdVu ~moZgm| Ho$ gmW, AJa hm|, Xo` hm|Jo&
àXÎm nm°{bgr àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ ^{dî` Ho$ _wZmµ\$m| _| ^mJ
boZo H$s nmÌ Zht hmoJr, bo{H$Z {Z{hV gmYmaU àË`mdVu ~moZg KQ>r hþB©
àXÎm nm°{bgr go Ow‹S>o ah|Jo& gmW hr, AJa H$moB© àXÎm nm°{bgr,Ohm§
n[an¹$Vm àXÎm ~r_m am{e é. 2 bmI `m A{YH$ hmo, àr{_`_ ^wJVmZ
Ad{Y Ho$ ~mX Omar ahVr h¡, Vmo `h {ZJ_ Ho$ Eogr àXÎm nm°{bgr`m| Ho$ ~mao
_| AZw^d Ho$ AmYma na àr{_`_ ^wJVmZ Ad{Y Ho$ ~mX,^{dî` Ho$ _wZmµ\$m|
_| ^mJ boZm Omar aI gH$Vr h¡&
D$na Mmho Hw$N> ^r C„oI {H$`m J`m hmo, `{X Bg nm°{bgr Ho$ g§~§Y _| 3
nyU© dfm] H$m àr{_`_ AXm H$a {X`m J`m h¡ Am¡a CgHo$ ~mX Ho$ àr{_`_m|
H$m {d{YdV² ^wJVmZ Zht hþAm h¡ Vmo nhbo AXÎm àr{_`_ H$s Xo` VmarI go
N>h _hrZo Ho$ A§Xa ~r{_V ì`pŠV H$s _¥Ë`w hmoZo H$s pñW{V _|, (H$) _yb
~r_m nm°{bgr Ho$ {bE _¥Ë`w H$s VmarI VH$ Eogr Ad{Y Ho$ Xm¡amZ nm°{bgr
Ho$ nwZM©bZ Ho$ g_mZ eVm] na, ã`mO g{hV AXÎm àr{_`_; Am¡a (I)
_¥Ë`w H$s VmarI go Am¡a AJbr nm°{bgr df©Jm§R> go nyd© _yb nm°{bgr na Xo`
hmoZo dmbo eof àr{_`_m| H$mo H$mQ>H$a ''_¥Ë`w na ~r_m am{e'' H$m ^wJVmZ,
{Z{hV gmYmaU àË`mdVu ~moZgm| VWm A§{V_ Am{V[aŠV ~moZgm|, AJa H$moB©
hmo, Ho$ gmW {H$`m OmEJm& `h àmdYmZ AmË_hË`m go hþB© _¥Ë`w H$s pñW{V
_| bmJy Zht hmoJm&
D$na Mmho Hw$N> ^r C„oI {H$`m J`m hmo, `{X Bg nm°{bgr Ho$ g§~§Y _| H$_
go H$_ nm§M nyU© dfm] Ho$ àr{_`_ H$m ^wJVmZ hmo J`m h¡ Am¡a CgHo$ ~mX Ho$
àr{_`_m| H$m {d{YdV² ^wJVmZ Zht {H$`m J`m h¡ Vmo nhbo AXÎm àr{_`_ H$s
Xo` VmarI go 12 _mh Ho$ A§Xa ~r{_V ì`pŠV H$s _¥Ë`w hmoZo H$s pñW{V _|
(H$) _yb ~r_m nm°{bgr Ho$ {bE _¥Ë`w H$s VmarI VH$ Eogr Ad{Y Ho$ {bE
nm°{bgr Ho$ nwZM©bZ Ho$ g_mZ eVm] na, ã`mO g{hV AXÎm àr{_`_; Am¡a
(I) _¥Ë`w H$s VmarI go Am¡a AJbr nm°{bgr df©Jm§R> go nyd© _yb nm°{bgr
na Xo` hmoZo dmbo àr{_`_m| H$mo H$mQ>H$a ''_¥Ë`w na ~r_m am{e'' H$m ^wJVmZ,
{Z{hV gmYmaU àË`mdVu ~moZg Am¡a A{V[aŠV ~moZg ,`{X H$moB© hmo, Ho$
gmW {H$`m OmEJm& `h àmdYmZ AmË_hË`m go hþB© _¥Ë`w H$s pñW{V _| bmJy
Zht hmoJm&
Cn`w©ŠV J¡a-OãVr {d{Z`_ EopÀN>H$ AZwd¥{Õ`m| na bmJy Zht hmoJ|, Š`m|{H$
AZwd¥{Õ`m§ H$moB© àXÎm _yë` A{O©V Zht H$aVr& `{X nm°{bgr H$mbmVrV
AdñWm _| h¡ Vmo AZwd¥{Õ`m§ bmJy Zht ahVr&
3. H$mbmVrV nm°{b{g`m| H$m nwZM©bZ: Ny>Q> H$s Ad{Y Ho$ A§Xa Xo` àr{_`_
H$m ^wJVmZ Z {H$E OmZo na ~r_m nm°{bgr H$mbmVrV hmo OmEJr& H$mbmVrV
AdñWm dmbr nm°{bgr H$mo ~r{_V ì`pŠV Ho$ OrdZH$mb _| qH$Vw,
`WmpñW{V, nwZM©bZ Ad{Y Ho$ Xm¡amZ nwZM©{bV {H$`m Om gH$Vm h¡&
àr{_`_m| H$s gmar ~H$m`m am{e`m| H$m ^wJVmZ, g_`-g_` na {ZJ_ Ûmam
V` ã`mO Xa na ã`mO (AY©-dm{f©H$ MH«$d¥{Õ Ho$ gmW) g{hV H$aZo na
Am¡a nm°{bgrYmaH$/ ~r{_V ì`pŠV/ àñVmdH$ Ûmam, nwZM©bZ Ho$ g_`
{ZJ_ H$s ~r_mboIZ Zr{V Ho$ AZwgma nhbo go CnbãY gyMZm, XñVmdoOm|
Am¡a [anmoQ>m] Ho$ AmYma na Am¡a Bg {df` _| _m§Jr JB© {H$gr A{V[aŠV
gyMZm Ho$ AmYma na ~r{_V ì`pŠV Am¡a/AWdm àñVmdH$ (`{X OrdZ
~r_m {ZJ_ H$s àr{_`_ Ny>Q> {hVbm^ AZwd¥{Õ MwZr JB© h¡) H$s {Za§Va
~r_m`mo½`Vm Ho$ {df` _| g§Vwï> hmoZo na, nwZM©bZ bmJy {H$`m OmEJm&
VWm{n, {H$gr g_má nm°{bgr Ho$ nwZM©bZ H$mo _yb eVm] na ñdrH$ma H$aZo,
g§emo{YV eVm] na ñdrH$ma H$aZo `m AñdrH$ma H$aZo H$m A{YH$ma {ZJ_ Ho$
LIC's Jeevan Umang Page 11 of 26
and shall be equal to Sum Assured on Death multiplied by the
ratio of the total period for which premiums have already been
paid bears to the maximum period for which premiums were
originally payable.
The Sum Assured on Maturity under a paid-up policy shall be
reduced to a sum called “Maturity Paid-up Sum Assured”
and shall be equal to Sum Assured on Maturity multiplied by the
ratio of the total period for which premiums have already been
paid bears to the maximum period for which premiums were
originally payable.
Survival benefits under a paid-up policy:
1. If Maturity Paid-up Sum Assured is less than the minimum
Basic Sum Assured i.e. Rs. 2 lakhs, Survival Benefits shall
not be paid under such policies.
2. If Maturity Paid-up Sum Assured is equal to or more than
minimum Basic Sum Assured of Rs. 2 lakhs, Survival
Benefits equal to 8% of Maturity Paid-up Sum Assured shall
be payable each year. The first survival benefit payment is
payable at the end of premium paying term and thereafter
on completion of each subsequent year till the Life assured
survives or till the policy anniversary prior to the date of
maturity, whichever is earlier.
Under a paid-up policy, in case of death of the Life Assured
during the policy term, Death Paid-up Sum Assured along with
vested Simple Reversionary Bonuses, if any, shall be payable
and on Life Assured surviving to the end of the policy term,
Maturity Paid-up Sum Assured along with vested Simple
Reversionary Bonuses, if any, shall be payable .
A paid-up policy shall not be entitled to participate in the future
profits during the premium paying term, however, the vested
Simple Reversionary Bonuses shall remain attached to the
reduced paid-up policy. Further, if a paid-up policy wherein the
Maturity Paid-up Sum Assured is Rs. 2 lakhs or more,
continues after premium paying term, it may participate in
future profits after the premium paying term, depending on the
Corporation's experience under such paid-up policies.
Notwithstanding what is stated above, if atleast 3 full years'
premiums have been paid in respect of this policy, and any
subsequent premium be not duly paid, in the event of the death
of the Life Assured within six months from the due date of first
unpaid premium, “Sum Assured on Death” along with vested
simple reversionary bonuses and final additional bonus, if any,
will be paid after deduction of (a) the unpaid premium(s) for the
base policy with interest thereon upto the date of death on the
same terms as for revival of the Policy during such period, and
(b) the balance premium(s) for the base policy falling due from
the date of death and before the next Policy anniversary. This
provision shall not apply in case of death due to Suicide.
Notwithstanding what is stated above, if at least 5 full years'
premiums have been paid in respect of this policy, and any
subsequent premium be not duly paid, in the event of death of
the Life Assured within 12 months from the first unpaid
premium, “Sum Assured on Death” along with vested simple
reversionary bonuses and final additional bonus, if any, will be
paid after deduction of (a) the unpaid premium(s) for the base
policy with interest thereon upto the date of death on the same
terms as for revival of the Policy during such period, and (b) the
balance premium(s) for the base policy falling due from the
date of death and before the next Policy anniversary. This
provision shall not apply in case of death due to Suicide.
All of the above mentioned Non-Forfeiture Regulations do not
apply to optional rider(s) as the riders do not acquire any paid-
up value. The rider benefits cease to apply, if policy is in lapsed
condition.
3) Revival of lapsed Policies: An Insurance Policy would lapse
on non-payment of due premium within the days of grace. A
policy in lapsed condition may be revived during the life time of
the Life Assured, but within the Revival Period. The revival
shall be effected on payment of all the arrears of premium(s)
together with interest (compounding half-yearly) at such rate
as may be fixed by the Corporation from time to time and on
satisfaction of Continued Insurability of the Life Assured and/or
Proposer (if LIC's Premium Waiver Benefit Rider is opted for)
on the basis of information, documents and reports that are
already available and any additional information in this regard if
and as may be required in accordance with the Underwriting
Policy of the Corporation at the time of revival, being furnished
by the Policyholder/Life Assured/Proposer.
The Corporation however, reserves the right to accept at
original terms, accept with modified terms or decline the revival
Plan No.- 945
 nmg gwa{jV h¡& g_má nm°{bgr H$m nwZM©bZ V^r Mmby hmoJm O~ {ZJ_
BgH$m AZw_moXZ H$a XoJm, Bgo ñdrH$ma H$aoJm Am¡a nwZM©bZ agrX Omar
H$a Xr OmEJr&
AJa nZwMb © Z Ad{Y àr{_`_ ^JwVmZ Ad{Y H$o ~mX AmVr h¡ Ama¡ nm{°bgr H$mo
{dÚ_mZVm {hVbm^m| H$s X`o {V{W H$o ~mX nZyM{©bV {H$`m OmVm h,¡ Vm:o-
i. ^wJVmZ Z {H$E JE {dÚ_mZVm {hVbm^ (Ohm§ àXÎm nm°{bgr Ho$ _m_bo _|
n[an¹$Vm àXÎm ~r_m am{e 2 bmI go H$_ h¡) `m;
ii. nyU© _yb ~r_m am{e na {dÚ_mZVm {hVbm^ Am¡a n[an¹$Vm àXÎm ~r_m
am{e na {dÚ_mZVm {hVbm^ Ho$ ~rM A§Va (Ohm§ àXÎm nm°{bgr Ho$
_m_bo _| n[an¹$Vm àXÎm ~r_m am{e 2 bmI Ho$ g_mZ `m Cggo A{YH$
h¡)
H$m ^wJVmZ nm°{bgrYmaH$ H$mo {H$`m OmEJm&
`{X AZwd¥{Õ (`m|) H$m M`Z {H$`m J`m h¡ Vmo CgHo$/CZHo$ nwZM©bZ na
_yb nm°{bgr Ho$ nwZM©bZ Ho$ gmW hr {dMma {H$`m OmEJm, AbJ go Zht&
4. Aä`n©U: nm°{bgrYmaH$ Ûmam nm°{bgr Ad{Y Ho$ Xm¡amZ {H$gr ^r g_`
Aä`{n©V {H$`m Om gH$Vm h¡ ~eV} {H$ H$_ go H$_ Xmo nyU© dfm] Ho$ àr{_`_
AXm H$a {XE JE hm|& nm°{bgr Ho$ Aä`n©U na, Jma§Q>rH¥$V Aä`n©U _yë`
Am¡a {deof Aä`n©U _yë` _| go Omo A{YH$ hmoJm, CgHo$ ~am~a Aä`n©U
_yë` {ZJ_ Ûmam AXm {H$`m OmEJm&
{deof Aä`n©U _yë` H$m nwZamdbmoH$Z {H$`m Om gH$Vm h¡ {OgH$m {ZYm©aU
{ZJ_ Ûmam g_`-g_` na AmB©AmaS>rEAmB© Ho$ AZw_moXZ Ho$ AYrZ {H$`m
OmEJm&
nm°{bgr Ad{Y Ho$ Xm¡amZ Xo` Jma§Q>rH¥$V Aä`n©U _yë`, AXm {H$E JE Hw$b
àr{_`_m| ({H$gr A{V[aŠV àr{_`_, MwZr JB© AZwd¥{Õ`m| Ho$ àr{_`_ Am¡a
H$am| H$mo N>mo‹S>H$a) H$mo, nm°{bgr Ho$ A§VJ©V AXm {H$E JE Hw$b àr{_`_m| na
bmJy Jma§Q>rH¥$V Aä`n©U _yë` JwUH$ go JwUm H$a Ho$ àmá am{e Ho$ ~am~a
hmoJm& à{VeV Ho$ ê$n _| A{^ì`ŠV `o Jma§Q>rH¥$V Aä`n©U _yë` JwUH$
nm°{bgr Ad{Y Am¡a nm°{bgr Aä`{n©V H$aZo Ho$ nm°{bgr df© na {Z^©a H$aVo
h¢, Omo Bg nm°{bgr XñVmdoO Ho$ n[a{eï>-4 _| {XE JE h¢&
BgHo$ A{V[aŠV, `{X {Z{hV gmYmaU àË`mdVu ~moZg H$s am{e, `{X H$moB©
h¡, Vmo dh ^r Xo` hmoJr, Omo {H$ {Z{hV ~moZg H$mo, {Z{hV ~moZg na bmJy
Jma§Q>rH¥$V Aä`n©U _yë` H$maH$ go JwUm H$aHo$ Am`r am{e Ho$ g_mZ hmoJm&
`o Jma§Q>rH¥$V Aä`n©U _yë` H$maH$ nm°{bgr Ad{Y na Am¡a nm°{bgr
Aä`n©U H$aZo Ho$ df© na {Z^©a hm|Jo Am¡a `o Bg nm°{bgr XñVmdoO Ho$
n[a{eï> - 5 _| {XE JE h¢&
`{X H$moB© AZwd¥{Õ (AZwd¥{Õ`m§) h¡, Vmo CZ na H$moB© Aä`n©U _yë` CnbãY
Zht hmoJm&
5. nm°{bgr na F$U : Bg nm°{bgr Ho$ A§VJ©V, {ZåZ{bpIV {Z`_/ eVm] Ho$
AYrZ, nm°{bgr Ho$ Aä`n©U _yë` VH$ H$m F$U CZ am{e`m| Ho$ {bE Am¡a
Eogr AÝ` eVm] na CnbãY hmoJm, Omo g_`-g_` na {ZJ_ Ûmam V` H$s
OmE§Jr:
i. Xmo nU y © dfm] H$o àr{_`_m| H$m ^JwVmZ H$a XZoo na F$U {b`m Om gH$Vm h&¡
ii. AJa àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ F$U {b`m OmVm h¡:
Aä`n©U _yë` Ho$ à{VeV Ho$ ê$n _| A{YH$V_ F$U {ZåZ àH$ma hmoJm:
• Mmby nm°{b{g`m| Ho$ {bE - Aä`n©U _yë` Ho$ 90 à{VeV VH$
• àXÎm nm°{b{g`m| Ho$ {bE - Aä`n©U _yë` Ho$ 80 à{VeV VH$
AJa àr{_`_ ^wJVmZ Ad{Y Ho$ ~mX F$U {b`m OmVm h¡: {dÚ_mZVm
{hVbm^m| H$s nmÌ nm°{bgr`m| Ho$ {bE ZE F$U H$s ñdrH$m`© A{YH$V_
am{e (Ohm§ H$moB© {nN>bm F$U ~H$m`m Z hmo) H$s JUZm Bg àH$ma H$s
OmEJr {H$ F$U na Xo` Mmby dm{f©H$ ã`mO nm°{bgr Ho$ A§VJ©V Xo`
dm{f©H$ {dÚ_mZVm {hVbm^ Ho$ 50% go A{YH$ Z hmo&
VWm{n, {ZJ_ Ho$ nmg _§Oya H$s OmZo dmbr F$U am{e H$mo V` H$aZo H$m
A{YH$ma gwa{jV h¡&
iii. àñVmdH$ Ûmam ~r{_V ì`pŠV H$s Zm~m{bJr Ho$ Xm¡amZ F$U {b`m Om
gH$Vm h¡, ~eV} {H$ F$U Zm~m{bJ ~r{_V ì`pŠV Ho$ H$ë`mU Ho$ {bE
{b`m Om ahm hmo&
iv. nm°{bgr H$m nyU© g_ZwXoeZ {ZJ_ Ho$ nj _| {H$`m OmEJm Am¡a {ZJ_
nm°{bgr H$mo, F$U Am¡a CgHo$ ã`mO H$mo dmngr Ho$ {bE à{V^y{V Ho$
ê$n _| AnZo nmg aIoJm&
v. AJa àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ F$U {b`m OmVm h¡: Bg
nm°{bgr Ho$ A§VJ©V F$U boZo Ho$ g_` {ZJ_ Ûmam {d{Z{X©ï> H$s OmZo
dmbr Xa go, F$U na {ZJ_ H$mo ã`mO H$m ^wJVmZ, àr{_`_ ^wJVmZ
Ad{Y Ho$ Xm¡amZ, AY©-dm{f©H$ MH«$d¥{Õ Ho$ AmYma na {H$`m OmEJm&
bmJy hmoZo dmbr ã`mO Xa AmB©AmaS>rEAmB© Ûmam AZw_mo{XV {d{Y na
AmYm[aV hmoJr& ã`mO H$m nhbm ^wJVmZ AJbr nm°{bgr df©Jm§R> go nyd©
`m AJbr nm°{bgr df©Jm§R> go N>: _hrZo nhbo H$s VmarI na (F$U-
ñdrH¥${V H$s VmarI Ho$ Vwa§V ~mX, BZ_| go Omo ^r nhbo hmo) {H$`m
OmZm h¡ Am¡a CgHo$ ~mX àË`oH$ AmYo df© na {H$`m OmZm h¡&
LIC's Jeevan Umang Page 12 of 26
of a discontinued policy. The revival of the discontinued policy
shall take effect only after the same is approved, accepted and
revival receipt is issued by the Corporation.
If revival period falls beyond the premium paying term and the
policy is revived after the due date of survival benefit(s), then:-
i. the unpaid survival benefit(s) (applicable in case of paid-up
policy wherein the Maturity Paid-up Sum Assured is less
than 2 lakhs) or;
ii. the difference between Survival benefits on full Basic Sum
Assured and Survival benefits on Maturity Paid-up Sum
Assured (applicable in case of paid-up policy wherein the
Maturity Paid-up Sum Assured equal to or greater than 2
lakhs)
shall be paid to the policy holder.
Revival of Rider(s), if opted for, will only be considered along
with the revival of the Base Policy and not in isolation.
4) Surrender: The policy can be surrendered by the policyholder
at any time during the policy term provided premiums have
been paid for atleast two full years. On surrender of the policy,
the Corporation shall pay the Surrender Value equal to higher
of Guaranteed Surrender Value and Special Surrender Value.
The Special Surrender Value is reviewable and shall be
determined by the Corporation from time to time subject to prior
approval of IRDAI.
The Guaranteed Surrender Value Payable during the policy
term shall be equal to the total premiums paid (excluding any
Extra Premium and premiums for rider(s), if opted for and
taxes) multiplied by the Guaranteed Surrender Value factor
applicable to total premiums paid under the policy. These
Guaranteed Surrender Value factors expressed as
percentages will depend on the policy term and policy year in
which the policy is surrendered and are contained in Annexure
- 4 of this policy document.
In addition, the surrender value of vested simple reversionary
bonuses, if any, shall also be payable, which is equal to vested
bonuses multiplied by the Guaranteed Surrender Value factor
applicable to vested bonuses. These Guaranteed Surrender
Value factors will depend on the policy term and the policy year
in which policy is surrendered and are contained in Annexure –
5 of this policy document.
No surrender value will be available on Rider(s), if any.
5) Policy Loan: Loan shall be available under the policy subject
to the following terms and conditions, within the surrender
value of the policy for such amounts and on such further terms
and conditions as the Corporation may fix from time to time:
i. Loan can be availed provided atleast two full years'
premiums have been paid.
ii. If loan is availed during the premium paying term:
The maximum loan as a percentage of surrender value
shall be as under:
• For in-force policies – upto 90%
• For paid-up policies – upto 80%
If loan is availed after the premium paying term: The
maximum permissible amount of new loan (where no
previous loan taken earlier is outstanding) for policies
which are entitled for survival benefits shall be arrived at in
such a way that the effective annual interest amount
payable on loan does not exceed 50% of the annual
survival benefit payable under the policy.
However, the Corporation reserves the right to determine
the loan amount to be granted.
iii. The loan during the minority of Life Assured can be availed
by the Proposer provided the loan is raised for the benefit of
the minor Life Assured.
iv. The Policy shall be assigned absolutely to and held by the
Corporation as security for the repayment of Loan and of
the interest thereon;
v. If loan is availed during the premium paying term: Interest
on Loan during the premium paying term shall be paid on
compounding half-yearly basis to the Corporation at the
rate to be specified by the Corporation at the time of taking
loan under this policy. The applicable interest rate shall be
based on the method approved by IRDAI. The first payment
of interest is to be made on the next Policy anniversary or
on the date six months before the next Policy anniversary
whichever immediately follows the date on which the Loan
is sanctioned and every half year thereafter.
Plan No.- 945
 AJa àr{_`_ ^wJVmZ Ad{Y Ho$ Xm¡amZ F$U H$m ^wJVmZ Zht {H$`m
OmVm h¡ VWm ã`mO Ho$ ^wJVmZ _| MyH$ H$s OmVr h¡, Vmo F$U na Xo`
ã`mO H$s dgybr Xo` {dÚ_mZVm {hVbm^m| `m nm°{bgr Ho$ A§VJ©V Xo`
{H$gr AÝ` am{e go H$s OmEJr&
vi. AJa àr{_`_ ^wJVmZ Ad{Y Ho$ ~mX F$U {b`m OmVm h¡: F$U na
ã`mO H$mo {dÚ_mZVm {hVbm^m| go dgyb {H$`m OmEJm VWm `h {ZJ_
Ûmam F$U boVo g_` {d{ZYm©[aV Xa go {b`m OmEJm&
vii. `hm§ D$na C{„pIV Xo` VmarIm| na F$U na ã`mO Ho$ ^wJVmZ _| MyH$
hmoZo H$s pñW{V _| `{X ~H$m`m F$U Am¡a ã`mO Aä`n©U _yë` go
A{YH$ hmo OmVm h¡ Vmo {ZJ_ Eogr nm°{b{g`m| H$m nyd©-g_mnU H$aZo H$m
hH$Xma hmoJm& nyd©-g_mnU H$s OmZo dmbr Eogr nm°{b{g`m§, Aä`n©U
_yë` Am¡a ã`mO g{hV F$U (`{X H$moB© hmo), H$s ~H$m`m am{e Ho$ A§Va
Ho$ ^wJVmZ H$s hH$Xma hm|Jr&
viii. {ZJ_, VrZ _hrZo H$m Zmo{Q>g XoH$a, F$U H$s am{e, Cg na Xo` g_ñV
ã`mO g{hV dgyb H$aZo `m dmng _m§JZo H$m A{YH$mar h¡&
ix. `{X nm°{bgr n[an¹$ hmo OmVr h¡ `m Aä`{n©V H$a Xr OmVr h¡ `m _¥Ë`w
Ho$ H$maU Xmdo _| n[ad{V©V hmo OmVr h¡ Vmo {ZJ_, nm°{bgr H$s am{e _|
go ~H$m`m F$U H$s am{e ã`mO g{hV H$mQ>Zo H$m A{YH$mar hmoJm&
6. nm°{bgr H$m g_mnZ:
{ZåZ{bpIV _| go g~go nhbo H$moB© ^r pñW{V K{Q>V hmoZo na, nm°{bgr
Vwa§V Am¡a ñdV: hr g_má hmo OmEJr:
H$) dh VmarI, {Og na _¥Ë`w {hVbm^ H$m EH$_wíV ^wJVmZ/A§{V_ {H$íV
H$m ^wJVmZ {H$`m J`m hmo; `m
I) {Og VmarI na nm°{bgr Ho$ A§VJ©V Aä`n©U {hVbm^m| H$m {ZnQ>mZ
{H$`m J`m hmo; `m
J) n[an¹$Vm H$s VmarI; `m
K) Bg nm°{bgr XñVmdoO Ho$ ^mJ-"S>r' H$s eV© 5 Ho$ C„oI Ho$ AZwgma
F$U Ho$ ã`mO Ho$ ^wJVmZ _| MyH$ hmoZo H$s pñW{V _|; `m
S>) nwZM©bZ Ad{Y g_má hmoZo na - `{X nm°{bgr, Omo àXÎm pñW{V _|
n[ad{V©V Zht hþB© h¡, Am¡a nwZM©bZ Ad{Y Ho$ Xm¡amZ {OgH$m nwZM©bZ
Zht H$am`m J`m h¡; `m
M) {Z:ewëH$ AdbmoH$Z {ZañVrH$aU H$s am{e H$m ^wJVmZ hmo OmZo na &
N>) nm°{bgr XñVmdoµO Ho$ ^mJ S>r H$s eV© 2(ii) _| {~{Z{X©ï> J¡a OãVr H$s
pñW{V _|&
7. {Z:ewëH$ AdbmoH$Z Ad{Y: `{X nm°{bgrYmaH$ nm°{bgr Ho$ {Z`_ Ed§ eVm]
go g§Vwï> Zht h¡ Vmo nm°{bgrYmaH$ Ûmam nm°{bgr XñVmdoO àmá H$aZo H$s
VmarI go 15 {XZ H$s {Z…ewëH$ AdbmoH$Z Ad{Y Ho$ Xm¡amZ dh Amn{Îm`m|
H$m H$maU ~VmVo hþE nm°{bgr {ZJ_ H$mo bm¡Q>m gH$Vm h¡ & nm°{bgr àmá hmoZo
na, {ZJ_ nm°{bgr H$mo {ZañV H$a XoJm Am¡a g§a{jV OmopI_ Ad{Y Ho$ {bE
g_mZwnmVr OmopI_ àr{_`_ (_yb nm°{bgr Ho$ {bE Am¡a AZwd¥{Õ, `{X M`Z
{H$`m J`m h¡, Vmo CgHo$ {bE) VWm ñdmñÏ` {M{H$Ëgm Om§M, {deof [anmoQ>m]
(`{X H$moB© hmo) Am¡a ñQ>±n ewëH$ Ho$ à^ma H$mQ>H$a, O_m {H$E JE àr{_`_
H$s am{e bm¡Q>m XoJm &
8. _¥Ë`w {hVbm^ {H$íVm| _| boZo H$m {dH$ën :
`h {dH$ën Mmby nm°{bgr Am¡a àXÎm XmoZm| nm°{b{g`m| Ho$ A§VJ©V, _¥Ë`w
{hVbm^m| H$mo EH$_wíV boZo H$s ~Om` 5 `m 10 `m 15 df© H$s MwZr JB©
Ad{Y _|, {H$íVm| _| boZo H$m {dH$ën h¡ & nm°{bgr Ho$ A§VJ©V Xo` nyU© `m
Am§{eH$ _¥Ë`w {hVbm^m| Ho$ {bE nm°{bgrYmaH$ Ûmam ~r{_V ì`pŠV H$s
Zm~m{bJr Ho$ Xm¡amZ AWdm 18 df© Am¡a Cggo A{YH$ Ho$ ~r{_V ì`pŠV
Ûmam AnZo OrdZH$mb _| Bg {dH$ën H$m M`Z {H$`m Om gH$Vm h¡ &
nm°{bgrYmaH$/~r{_V ì`pŠV Ûmam MwZr JB© am{e (AWm©V {Zdb Xmdm am{e)
`m Vmo gw{Z{üV _yë` Ho$ ê$n _| hmo gH$Vr h¡ AWdm Hw$b Xo` Xmdm àm{á`m|
Ho$ Hw$N> à{VeV Ho$ ê$n _| &
{H$E JE M`Z Ho$ AZwgma, {H$íVm| H$m A{J«_ ^wJVmZ dm{f©H$ `m AY©-
dm{f©H$ `m Ì¡_m{gH$ `m _m{gH$ A§Vamb na {H$`m OmEJm Am¡a {d{^Þ àH$ma
Ho$ ^wJVmZm| Ho$ {bE {H$íV H$s Ý`yZV_ am{e {ZåZ àH$ma hmoJr:
{H$íV ^wJVmZ H$m àH$ma Ý`yZV_ {H$íV am{e
_m{gH$ `5,000/-
Ì¡_m{gH$ `15,000/-
AY©-dm{f©H$ `25,000/-
dm{f©H$ `50,000/-
`{X nm°{bgrYmaH$/~r{_V ì`pŠV Ûmam MwZo JE {dH$ën Ho$ AZwgma, Ý`yZV_
{H$íV H$s am{e H$s ì`dñWm H$aZo Ho$ {bE dm§{N>V am{e go H$_ h¡ Vmo Xmdo
H$s àm{á`m| H$m ^wJVmZ EH$_wíV hr {H$`m OmEJm &
Bg {dH$ën Ho$ A§VJ©V {H$íV Ho$ ^wJVmZm| H$s JUZm H$aZo Ho$ {bE bmJy
ã`mO Xam| H$m {ZYm©aU {ZJ_ Ûmam g_`-g_` na {H$`m OmEJm &
LIC's Jeevan Umang Page 13 of 26
In case if the loan is not repaid during the premium paying
term and if there is default in the interest payment, then due
Interest on the loan shall be recovered from survival
benefits due or any other amount payable under the policy;
vi. If loan is availed after the premium paying term: Interest on
the loan shall be recovered from the survival benefits and
at the rate which shall be specified by the Corporation when
the loan is made;
vii. In the event of default in payment of loan interest on the due
date as herein mentioned above and when the outstanding
loan amount along with interest is to exceed the surrender
value, the Corporation would be entitled to foreclose such
policies. Such policies when being foreclosed shall be
entitled to payment of the difference of surrender value and
the outstanding loan amount along with interest, if any ;
viii. Corporation is entitled to recover or recall the amount of the
Loan with all due interest by giving 3 months' notice;
ix. In case the policy shall mature or is surrendered or
becomes a claim by death, the Corporation shall become
entitled to deduct the amount of outstanding Loan, together
with all interest from the policy moneys.
6) Termination of Policy:
The policy shall immediately and automatically terminate on
the earliest occurrence of any of the following events:
a) The date on which lump-sum death benefit/final instalment
of death benefit is paid; or
b) The date on which surrender benefits are settled under the
policy; or
c) The date of maturity; or
d) In the event of default in payment of loan interest as
specified in Condition 5 of Part D of this Policy
Document; or
e) On expiry of Revival Period if the policy, which has not
acquired paid up status, has not been revived within the
revival period; or
f) On payment of free look cancellation amount; or
g) In the event of forfeiture as specified in Condition 2(ii) of
Part D of this Policy Document
7) Free look period: During the Free Look period of 15 days from
the date of receipt of the Policy Document by the Policyholder,
if the Policyholder is not satisfied with the Terms and
Conditions of the policy, he/she may return the policy to the
Corporation stating the reason of objections. On receipt of the
same the Corporation shall cancel the policy and return the
amount of premium deposited after deducting the
proportionate risk premium (for Base Policy and Rider(s), if
opted for) for the period of cover and charges for medical
examination, special reports, if any, and stamp duty.
8) Option to take Death Benefit in instalments:
This is an option to receive Death Benefit in instalments over
the chosen period of 5 or 10 or 15 years instead of lump sum
amount under an in-force as well as paid-up policy. This option
can be exercised by the Policyholder during minority of the Life
Assured or by Life Assured aged 18 years and above, during
his/her life time; for full or part of Death benefits payable under
the policy. The amount opted for by the Policyholder/Life
Assured (ie. Net Claim Amount) can be either in absolute value
or as a percentage of the total claim proceeds payable.
The instalments shall be paid in advance at yearly or half-
yearly or quarterly or monthly intervals, as opted for, subject to
minimum instalment amount for different modes of payments
being as under:
Mode of Instalment Minimum Instalment
payment amount
Monthly `5,000/-
Quarterly `15,000/-
Half-Yearly `25,000/-
Yearly `50,000/-
If the Net Claim Amount is less than the required amount to
provide the minimum instalment amount as per the option
exercised by the Policyholder/Life Assured, the claim proceed
shall be paid in lump sum only.
The interest rates applicable for arriving at the instalment
payments under this option shall be as fixed by the Corporation
from time to time.
Plan No.- 945
 _¥Ë`w {hVbm^ {H$íVm| _| boZo H$m {dH$ën MwZZo Ho$ {bE, nm°{bgrYmaH$,
~r{_V ì`pŠV H$s Ad`ñH$Vm Ho$ Xm¡amZ Am¡a d`ñH$ ~r{_V ì`pŠV AnZo
OrdZH$mb _| nm°{bgr Ho$ Mmby ahVo hþE {H$gr ^r g_` `h {dH$ën MwZ
gH$Vm h¡, {Og_| {H$íVm| Ho$ ^wJVmZ H$s Ad{Y Am¡a {Og {Zdb am{e Ho$
{bE `h {dH$ën MwZm OmZm h¡, Cg am{e H$mo {d{Z{X©ï> {H$`m OmEJm & Eogo
_| _¥Ë`w Xmdm am{e H$m ^wJVmZ nm°{bgrYmaH$/~r{_V ì`pŠV Ho$ {dH$ën Ho$
AZwgma Zm{_Vr H$mo H$a {X`m OmEJm Am¡a Zm{_Vr H$mo Bg_| {H$gr ^r àH$ma
H$m n[adV©Z H$aZo H$s AZw_{V Zht Xr OmEJr &
^mJ - "B©'
bmJy Zht
^mJ - "E\$': AÝ` {Z`_ Ed§ eV]
1. H$) g_ZwXoeZ: g_`-g_` na g§emo{YV ~r_m A{Y{Z`_, 1938 H$s
Ymam 38 Ho$ AZwgma, Bg `moOZm Ho$ A§VJ©V g_ZwXoeZ H$s AZw_{V h¡&
Ymam 38 Ho$ dV©_mZ àmdYmZ Bg nm°{bgr XñVmdoO Ho$ n[a{eï>-1 _|
{Z{hV h¡ & g_ZwXoeZ H$m Zmo{Q>g, n§OrH$aU Ho$ {bE {ZJ_ Ho$ Cg
H$m`m©b` _| àñVwV {H$`m OmZm Mm{hE, Ohm§ Bg nm°{bgr go g§~§{YV
godmE§ Xr OmVr h¢ &
I) Zm_m§H$Z: g_`-g_` na g§emo{YV ~r_m A{Y{Z`_, 1938 H$s Ymam
39 Ho$ AZwgma, OrdZ ~r_m Ho$ nm°{bgrYmaH$ Ûmam Zm_m§H$Z {H$`m
OmZm dm§{N>V h¡ & Ymam 39 Ho$ dV©_mZ àmdYmZ Bg nm°{bgr XñVmdoO
Ho$ n[a{eï>-2 _| {Z{hV h¢ & Zm_m§H$Z H$m Zmo{Q>g, n§OrH$aU Ho$ {bE
{ZJ_ Ho$ Cg H$m`m©b` _| àñVwV {H$`m OmZm Mm{hE, Ohm§ Bg nm°{bgr
go g§~§{YV godmE§ Xr OmVr h¢ & Zm_m§H$Z Ho$ n§OrH$aU _| {ZJ_ H$moB©
{Oå_oXmar Zht boVm Am¡a Z hr CgH$s d¡YVm `m H$mZyZr à^md Ho$ {df`
_| H$moB© _V àH$Q> H$aVm h¡ &
2. AmË_hË`m g§~§Yr AndO©Z: _¥Ë`w {hVbm^ ^wJVmZ hoVw Omo ^r eV] Bg
nm°{bgr ànÌ _| H$ht ^r C{„pIV hm| na§Vw AmË_hË`m go hþB© _¥Ë`w H$s
AdñWm _| Xmdo H$m ^wJVmZ {ZåZ{bpIV eVm] Ho$ A§VJ©V {H$`m OmEJm:
i. `{X ~r{_V ì`pŠV (Mmho {d{já hmo `m ñdñW), OmopI_ àma§^ hmoZo H$s
VmarI go 12 _hrZo Ho$ A§Xa {H$gr g_` AmË_hË`m H$a boVm h¡ Vmo
{H$Ýht H$am|, A{V[aŠV àr{_`_m| (Ad{Y ~r_m AZwd¥{Õ àr{_`_ H$mo
N>mo‹S>H$a) H$mo H$mQ>H$a, Hw$b AXm àr{_`_m| Ho$ 80 à{VeV Ho$ Abmdm
AÝ` {H$gr Xmdo na {ZJ_ {dMma Zht H$aoJm, ~eV} {H$ nm°{bgr Mmby
hmo& AJa ~r{_V ì`pŠV H$s àdoe na C_« 8 df© go H$_ h¡, Vmo `h
Ymam bmJy Zht hmoJr&
ii. `{X ~r{_V ì`pŠV (Mmho {d{já hmo `m ñdñW), nwZ: àMbZ H$s
VmarI go 12 _hrZo Ho$ A§Xa AmË_hË`m H$a boVm h¡ Vmo _¥Ë`w H$s
VmarI VH$ AXm {H$E JE àr{_`_m| (H$am|, A{V[aŠV àr{_`_ Am¡a
{H$Ýht Ad{Y ~r_m AZwd¥{Õ àr{_`_m| H$mo N>mo‹S>H$a AZwd¥{Õ àr{_`_m| Ho$
Abmdm) H$s 80 à{VeV am{e `m _¥Ë`w H$s {V{W na CnbãY Aä`n©U
_yë` _| go Omo ^r A{YH$ hmoJm, dh Xo` hmoJm& Bg nm°{bgr Ho$ A§VJ©V,
{ZJ_ {H$gr AÝ` Xmdo na {dMma Zht H$aoJm& {ZåZ pñW{V`m| _| `h
Ymam bmJy Zht hmoJr:
H$) AJa nm°{bgr Ho$ nwZM©bZ Ho$ g_` ~r{_V ì`pŠV H$s C_« 8 df©
go H$_ hmo; `m
I) nm°{bgr àXÎm _yë` àmá {H$E {~Zm H$mbmVrV hmo JB© hmo, Vmo Eogr
nm°{bgr`m| Ho$ A§VJ©V Hw$N> ^r Xo` Zht hmoJm&
J¡a-OãVr Cn~§Ym| Ho$ A§VJ©V C{„pIV Ny>Q>, AmË_hË`m go hþB© _¥Ë`w Ho$
_m_bo _| bmJy Zht hmoJr&
3. H$a: ^maV gaH$ma AWdm {H$gr AÝ` g§d¡Ym{ZH$ H$a àm{YH$mar Ûmam Eogr
~r_m `moOZmAm| na `{X H$moB© H$a bJm`m OmVm h¡, Vmo dh Am¡a bmJy H$am|
H$s Xa H$a-H$mZyZm| Ho$ AZwgma hm|Jo &
àM{bV Xam| na bmJy H$am| H$s am{e nm°{bgrYmaH$ Ûmam àr{_`_m| (_yb
nm°{bgr Am¡a `{X H$moB© AZwd¥{Õ h¡ Vmo CgHo$ {bE) H$s am{e, ~r_mboIZ Ho$
H$maU nm°{bgr Ho$ A§VJ©V br JB© A{V[aŠV am{e g{hV (`{X H$moB© hmo),
nm°{bgrYmaH$ Ûmam Xo` hmoJr, Omo AbJ go Am¡a nm°{bgrYmaH$ Ûmam Xo`
àr{_`_ Ho$ A{V[aŠV dgyb H$s OmEJr & Bg `moOZm Ho$ A§VJ©V Xo`
{hVbm^m| H$s JUZm H$aZo Ho$ {bE H$am| H$s am{e H$mo em{_b Zht {H$`m
OmEJm&
4. Xmdo Ho$ {bE gm_mÝ` AnojmE§ :
H$) _¥Ë`w Xmdm: ~r{_V ì`pŠV H$s _¥Ë`w H$s pñW{V _| Xmdm XmpIb H$aVo
hþE, XmdmH$Vm© {ZJ_ H$s g§Vw{ï> Ho$ AZwgma Omo gm_mÝ` XñVmdoO
Xm{Ib H$aoJm, do hm|Jo: {ZJ_ Ûmam {ZYm©[aV Xmdm ànÌ Ho$ gmW _yb
nm°{bgr XñVmdoO, ~¢H$ ImVo _| Xmdm am{e grYo O_m H$aZo Ho$ {bE
XmdmH$Vm© go EZB©E\$Q>r AmXoe-nÌ, A{YH$ma H$m à_mU, _¥Ë`w H$m
à_mU, _¥Ë`w go nhbo `{X H$moB© BbmO hþAm hmo, ñHy$b/H$m°boO/
LIC's Jeevan Umang Page 14 of 26
For exercising option to take Death Benefit in instalments, the
Policyholder during minority of the Life Assured or the Life
Assured, if major, can exercise this option during his/her
lifetime while in currency of the policy, specifying the period of
Instalment payment and net claim amount for which the option
is to be exercised. The death claim amount shall then be paid
to the nominee as per the option exercised by the
Policyholder/Life Assured and no alteration, whatsoever, shall
be allowed to be made by the nominee.
PART E
Not Applicable.
PART – F: OTHER TERMS AND CONDITIONS
1) a) Assignments: Assignment is allowed under this plan as
per Section 38 of the Insurance Act, 1938, as amended
from time to time. The current provisions of Section 38 are
contained in Annexure-1 of this Policy Document. The
notice of assignment should be submitted for registration to
the office of the Corporation, where the policy is serviced.
b) Nominations: Nomination by the holder of a policy of life
assurance on his/her own life is allowed as per Section 39
of the Insurance Act, 1938, as amended from time to time.
The current provisions of Section 39 are contained in
Annexure-2 of this Policy Document. The notice of
nomination or change of nomination should be submitted
for registration to the office of the Corporation, where the
policy is serviced. In registering nomination the
Corporation does not accept any responsibility or express
any opinion as to its validity or legal effect.
2) Suicide Exclusion: Notwithstanding the provision of benefits
payable on death mentioned anywhere in this Policy
Document, the provisions related to claim payment in case of
death due to suicide shall be subject to the conditions as
specified herein under:
i. If the Life Assured (whether sane or insane) commits
suicide at any time within 12 months from the date of
commencement of risk, the Corporation will not entertain
any claim under this policy except for 80% of the total
premiums paid excluding any taxes, extra premium and
rider premium(s) other than term assurance rider, if any,
provided the policy is in-force. This clause shall not be
applicable in case age at entry of the Life Assured is below
8 years.
ii. If the Life Assured (whether sane or insane) commits
suicide within 12 months from date of revival, an amount
which is higher of 80% of the total premiums paid till the
date of death (excluding any taxes, extra premium and
rider premium(s) other than term assurance rider, if any), or
the surrender value available as on the date of death, shall
be payable. The Corporation will not entertain any other
claim under this policy. This clause shall not be applicable:
a) In case the age of Life Assured is below 8 years at the
time of revival; or
b) For a policy lapsed without acquiring paid-up value and
nothing shall be payable under such policy.
The relaxation mentioned under Non-forfeiture provisions shall
not be applicable in case of death due to suicide.
3) Tax: Statutory Taxes, if any, imposed on such insurance plans
by the Government of India or any other constitutional tax
Authority of India shall be as per the Tax laws and the rate of tax
as applicable from time to time.
The amount of applicable Taxes as per the prevailing rates,
shall be payable by the policyholder on premiums (for base
policy and rider(s), if any) including extra premiums, if any,
which shall be collected separately over and above in addition
to the premiums payable by the policyholder. The amount of
tax paid shall not be considered for the calculation of benefits
payable under the plan.
4) Normal requirements for a claim:
a) Death Claim: The normal documents which the claimant
shall submit while lodging the claim in case of death of the
Life Assured shall be claim forms, as prescribed by the
Corporation, accompanied with original policy document,
NEFT mandate from the claimant for direct credit of the
claim amount to the bank account, proof of title, proof of
death, medical treatment prior to the death (if any), school/
Plan No.- 945
 {Z`moŠVm H$m à_mU, Omo ^r bmJy hmoVo hm| & `{X nm°{bgr Ho$ A§VJ©V
Am`w ñdrH¥$V Zht h¡ Vmo ~r{_V ì`pŠV H$s Am`w H$m à_mU ^r XmpIb
{H$`m OmEJm &
H$moB© ^r Xmdm ñdrH$m`© hmoZo Ho$ {bE _¥Ë`w H$s VmarI go 90 {XZ Ho$
A§Xa, _¥Ë`w H$s gyMZm _¥Ë`w à_mUnÌ Ho$ gmW {ZJ_ Ho$ Cg H$m`m©b`
_| A{Ygy{MV H$s OmZr Mm{hE, Ohm§ nm°{bgr go g§~§{YV godmE§ Xr
OmVr h¢ & VWm{n, XmdmH$Vm© Ho$ Ûmam gƒo Xmdm| H$s gyMZm _| hþB© Xoar
H$mo, {ZJ_ Ho$ Ûmam JwU-Xmof Ho$ AmYma na Am¡a XmdmH$Vm© Ho$ AmYma
na VWm XmdmH$Vm© Ho$ {Z`§ÌU go ~mha Ho$ H$maUm| go hþB© Xoar à_m{UV
hmoZo na bmJy {H$`m Om gH$Vm h¡ &
I) n[an¹$Vm/{dÚ_mZVm {hVbm^/Aä`n©U Xmdm: nm°{bgr Ho$ n[an¹$Vm
Xmdo _| n[aUV hmoZo `m {dÚ_mZVm {hVbm^ Xmdo H$s pñW{V àmá H$aZo
`m nm°{bgr Ho$ Aä`n©U {H$E OmZo H$s pñW{V _|, ~r{_V OrdZ H$mo
{S>ñMmO© \$m°_© Ho$ gmW _yb nm°{bgr XñVmdoµO, Xmdo H$s am{e Ho$ grYo
~¢H$ AH$mC§Q> _| O_m hmoZo Ho$ {bE XmdoXma H$s Amoa go EZB©E\$Q>r
AmXoe, C_« H$m à_mU, AJa C_« H$mo nhbo ñdrH¥$V Zht {H$`m J`m
hmo,àñVwV H$aZm hmoJm&
Cn`w©ŠV Ho$ A{V[aŠV, {H$gr ^r gm§{d{YH$ Cn~§Y Ho$ A§VJ©V,
A{YXoemË_H$ (_¢So>Q>ar)H$s JB© H$moB© ^r Amdí`H$Vm AWdm {d{Y Ho$ AZwgma
Ano{jV H$s OmZo dmbr Amdí`H$Vm Ho$ AZwgma XñVmdoµO àñVwV H$aZo hm|Jo&
5. àmH¥${VH$/An[ahm`© AmnXm: àmH¥${VH$ AmnXm, amOH$s` H$ma©dmB©,
h‹S>Vmb, Vmbm~§Xr, {H$gr gaH$ma `m {H$gr ^r d¡Ym{ZH$ àm{YH$mar Ho$
{H$gr H$mZyZ AWdm à{V~§Y AWdm {ZJ_ Ho$ nydm©Zw_mZ `m {Z`§ÌU Ho$ ~mha
H$s n[apñW{V`m| Ho$ \$bñdê$n, `{X {ZJ_ H$m H$m`©-{ZînmXZ `m AÝ`
H$Îm©ì` ~m{YV hmoZo H$s pñW{V _|, Eogr AmnXm Ho$ Omar ahZo Ho$ Xm¡amZ Bg
nm°{bgr H$m {ZînmXZ nyU©V: `m Am§{eH$ ê$n go {Zb§{~V ahoJm&Eogr
àmH¥${VH$/ An[ahm`© AmnXm H$s pñW{V IË_ hmoVo hr, {ZJ_ Bg nm°{bgr
Ho$ à{V AnZo H$V©ì` H$mo nwZ: Omar aIoJm& BZ_| go H$moB© ^r n[adV©Z H$aZo
go nhbo, AmB©AmaS>rEAmB© H$mo gyMZm XoZo Am¡a CZH$m nyd©-AZw_moXZ àmá
H$aZo Ho$ {bE, {ZJ_ dMZ~Õ h¡&
6. {dYm`r n[adV©Z: Bg nm°{bgr Ho$ AVJ©V Xo` àr{_`_ Ed§ {hVbm^ g{hV,
{Z`_ Ed§ eVm] g§~§{YV {dYmZ Ed§ {d{Z`_m| Ho$ AZwgma n[adV©Zerb h¢ &
7. {hVbm^ {ZXe©Z: AmnH$m {ZX}e {Z{_©V {hVbm^ {ZXe©Z Bg nm°{bgr
XñVmdoO Ho$ gmW g§b¾ h¢ &
^mJ "Or': d¡Ym{ZH$ àmdYmZ
~r_m A{Y{Z`_, 1938 H$s Ymam 45:
g_`-g_` na g§emo{YV ~r_m A{Y{Z`_, 1938 H$s Ymam 45 Ho$ àmdYmZ bmJy
hm|Jo & dV©_mZ àmdYmZ Bg nm°{bgr XñVmdoO H$s n[a{eï> 3 _| g§b¾ h¡ &
{eH$m`V {ZdmaU aMZmV§Ì :
{ZJ_ H$s :
J«mhH$m| Ho$ {eH$m`Vm| Ho$ {ZdmaU Ho$ {bE emIm/ _ÊS>br`/ joÌr`/ Ho$ÝÐr`
H$m`m©b`m| _| {ZJ_ Ho$ {eH$m`V {ZdmaU A{YH$mar hmoVo h¢ & J«mhH$m| H$s
{eH$m`Vm| Ho$ erK« {ZdmaU Ho$ {bE {ZJ_ Zo AnZo J«mhH$ nmoQ>©b (do~gmBQ>:
http://www.licindia.in) Ho$ _mÜ`_ go J«mhH$-AZwHy$b, g_mH${bV {eH$m`V
à~§YZ àUmbr H$s ewê$AmV H$s h¡, Ohm§ na H$moB© ^r n§OrH¥$V nm°{bgrYmaH$
{eH$m`V/{eH$m`V H$m n§OrH$aU H$am gH$Vm h¡ Am¡a CgH$s pñW{V na Ñ{ï>
aI gH$Vm h¡ & {H$gr ^r {eH$m`V Ho$ {ZdmaU Ho$ {bE J«mhH$ B©-_ob
co_crmgrv@licindia.com na ^r g§nH©$ H$a gH$Vo h¢ &
_¥Ë`wJV Xmdm| H$m AñdrH¥${V Ho$ {ZU©` go Ag§Vwï> XmdmH$Vm©Am| Ho$ nmg, AnZo
_m_bm| Ho$ nwZarjU Ho$ {bE joÌr` H$m`m©b` Xmdm {eH$m`V {ZdmaU g{_{V `m
Ho$ÝÐr` H$m`m©b` Xmdm {eH$m`V {ZdmaU g{_{V Ho$ nmg bo OmZo Ho$ {dH$ën h¢ &
Cƒ Ý`m`mb`/{Obm Ý`m`mb` H$m EH$ Ý`m`mYre g^r Xmdm {eH$m`V {ZdmaU
g{_{V`m| H$m gXñ` hmoVm h¡ &
AmB©AmaS>rEAmB© H$s:
`{X J«mhH$ h_mao CÎma go g§Vwï> Zht h¡ `m h_go 15 {XZm| Ho$ A§Xa H$moB© CÎma Zht
{_bVm h¡ Vmo J«mhH$, {ZåZ{bpIV {H$gr ^r _mÜ`_ go AmB©AmaS>rEAmB© Ho$
{eH$m`V H$j _| Om gH$Vm h¡:
• Q>mob-\«$s ({Z:ewëH$) Z§~a 155255 / 18004254732 (AWm©V
AmB©AmaS>rEAmB© H$m {eH$m`V Q>obr\$moZ Ho$ÝÐ) _| \$moZ H$aHo$ &
• complaints@irdai.gov.in na B©-_ob H$aHo$
• B§Q>aZoQ> Ho$ _mÜ`_ go http://www.igms.irdai.gov.in na {eH$m`V XO©
H$aHo$
• Hw$[a`a/nÌ Ûmam {eH$m`V ^oOZo Ho$ {bE nVm: Cn^moŠVm _m_bm {d^mJ,
^maVr` ~r_m {Z`m_H$ Ed§ {dH$mg àm{YH$aU, gd} g§»`m - 115/1,
\$mBZ|{e`b {S>pñQ´>ŠQ>, ZmZH$am_Jw‹S>m, JmMr ~mdbr, h¡Xam~mX 500 032
(Vob§JmZm)
LIC's Jeevan Umang Page 15 of 26
college/ employer's certificate, whichever is applicable, to
the satisfaction of the Corporation. If the age is not admitted
under the policy, the proof of age of the Life Assured shall
also be submitted.
Within 90 days from the date of death, intimation of death
along with death certificate must be notified in writing to the
office of the Corporation where the policy is serviced for any
claims to be admissible. However, delay in intimation of the
genuine claim by the claimant, may be condoned by the
Corporation, on merit, and where delay is proved to be for
the reasons beyond his/her control.
b) Maturity/survival benefits/Surrender Claim: Where the
policy results into a maturity claim or results into a survival
benefits claim or in case of surrender of the policy, the Life
Assured shall submit the discharge form along with the
original policy document, NEFT mandate from the claimant
for direct credit of the claim amount to the bank account
besides proof of age, if the age is not admitted earlier.
In addition to above, any requirement mandated under any
statutory provision or as may be required as per law shall also
be required to be submitted.
5) Force Majeure: In the event where the Corporation’s
performance or any other obligations are prevented or
hindered as a consequence of any act of God or state, strike,
lock out, legislation or restriction by any government or any
other statutory authority or any other circumstances that lie
beyond the Corporation’s anticipation or control, the
performance of this policy shall be wholly or partially
suspended during the continuance of such force majeure. The
Corporation shall resume its obligations towards the Policy as
soon as the Force Majeure event ceases. The Corporation
undertakes to keep the IRDAI informed and seek prior
approval before effecting any of these changes.
6) Legislative Changes: The Terms and Conditions including
the premiums and benefits payable under this policy are
subject to variation in accordance with the relevant Legislation
& Regulations.
7) Benefit Illustration: Your customized Benefit Illustration is
enclosed to this Policy Document.
PART – G: STATUTORY PROVISIONS
Section 45 of Insurance Act 1938:
The provisions of Section 45 of the Insurance Act 1938 as
amended from time to time shall be applicable. The current
provisions are contained in Annexure-3 of this policy document.
Grievance Redressal Mechanism:
Of the Corporation:
The Corporation has Grievance Redressal Officers at Branch/
Divisional/ Zonal/ Central Office to redress grievances of
customers. For ensuring quick redressal of customer grievances
the Corporation has introduced Customer friendly Integrated
Complaint Management System through our Customer Portal
(website) which is http://www.licindia.in, where a registered
policy holder can directly register complaint/ grievance and
track its status. Customers can also contact at e-mail id
co_crmgrv@licindia.com for redressal of any grievances.
Claimants not satisfied with the decision of death claim repudiation
have the option of referring their cases for review to Zonal Office
Claims Dispute Redressal Committee or Central Office Claims
Dispute Redressal Committee. A retired High Court/ District Court
Judge is member of each of the Claims Dispute Redressal
Committees.
Of IRDAI:
In case the customer is not satisfied with the response or does not
receive a response from us within 15 days, then the customer may
approach the Grievance Cell of the IRDAI through any of the
following modes:
• Calling Toll Free Number 155255 / 18004254732 (i.e. IRDAI
Grievance Call Centre)
• Sending an email to complaints@irdai.gov.in
• Register the complaint online at http://www.igms.irdai.gov.in
• Address for sending the complaint through courier / letter:
Consumer Affairs Department, Insurance Regulatory and
Development Authority of India, Survey No.115/1, Financial
District, Nanakramguda, Gachibowli, Hyderabad- 500032,
Telangana.
Plan No.- 945
bmoH$nmb H$s:
Xmdo go g§~§{YV {eH$m`Vm| Ho$ {ZdmaU Ho$ {bE, XmdmH$Vm© ~r_m bmoH$nmb Ho$ nmg
^r Om gH$Vo h¢ Omo J«mhH$m| H$mo H$_ bmJV na erK« _Ü`ñWVm àXmZ H$aVo h¢
~r_m bmoH$nmb {Z`_mdbr, 2017 Ho$ AZwgma, bmoH$nmb Eogo _m_bm| go g§~§{YV
{eH$m`V AWdm {eH$m`V àmá H$a gH$Vo h¢ Am¡a CZ na {dMma H$a gH$Vo h¢,
O¡go {H$:
H$) Xmdm| Ho$ {ZnQ>mZ _|, ^maVr` ~r_m {Z`m_H$ Ed§ {dH$mg àm{YH$aU
A{Y{Z`_, 1999 Ho$ A§VJ©V ~ZmE JE {d{Z`_m| _| {d{Z{X©ï> g_`-
gr_m go A{YH$ Xoar;
I) OrdZ ~r_mH$Vm©, gmYmaU ~r_mH$Vm© `m ñdmñÏ` ~r_mH$Vm© Ûmam Xmdm|
H$s Am§{eH$ `m nyU© AñdrH¥${V;
J) ~r_m nm°{bgr H$s eVm] Ho$ AZwgma AXm {H$E JE `m Xo` àr{_`_m| na
{eH$m`V;
K) nm°{bgr XñVmdoO _| `m nm°{bgr g§{dXm _| {H$gr ^r g_` nm°{bgr
Ho$ {Z`_ Ed§ eVm] na AÝ`Wm H$WZ H$aZm;
L) ~r_m nm°{bgr H$s H$mZyZr g§aMZm, O~{H$ {eH$m`V Xmdo go g§~§{YV
hmo;
M) ~r_mH$Vm©Am|, CZHo$ H$m`©H$Vm©Am| Ed§ _Ü`ñWm| Ho$ {dê$Õ nm°{bgr godm
g§~§Yr {eH$m`V;
N>) Eogr OrdZ ~r_m nm°{bgr, ñdmñÏ` nm°{bgr g{hV gmYmaU ~r_m
nm°{bgr Omar H$aZm, Omo àñVmdH$ Ûmam XmpIb àñVmd-nÌ Ho$
AZwgma Z hmo;
O) OrdZ ~r_m VWm ñdmñÏ` g{hV gmYmaU ~r_m Ho$ àr{_`_ àmá
H$aZo Ho$ ~mX ^r nm°{bgr Omar Z H$aZm;
P) ~r_m A{Y{Z`_, 1938 Ho$ `m g_`-g_` na AmB©AmaS>rEAmB©
Ûmam Omar {d{Z`_m|, n[anÌm|, {Xem{ZX}em| `m AZwXoem| `m nm°{bgr
g§d{Xm Ho$ {Z`_ Ed§ eVm] Ho$ C„§KZ go CËnÞ H$moB© AÝ` _m_bm,
Ohm§ VH$ {H$ do Ymam (H$) go (M) _| C{„pIV _m_bm| go g§~§{YV
hm| &
ZmoQ>: BZ {Z`_m| Ed§ eVm] Am¡a {deof àmdYmZm|/eVm] H$s ì`m»`m Ho$ {df` _| H$moB©
{eH$m`V hmoZo H$s pñW{V _|, A§J«oOr ^mfm§Va {d{Y_mÝ` hmoJm &
Amngo AZwamoY h¡ {H$ Amn Bg nm°{bgr H$s Om§M H$a b| Am¡a `{X Bg_| H$moB©
JbVr nmB© OmE, Vmo Bg nm°{bgr H$s gwYma Ho$ {bE Vwa§V bm¡Q>m X| &
n[a{eï> - 1
g_ZwXoeZ : ~r_m A{Y{Z`_, 1938 H$s Ymam 38 Ho$ AZwgma
1) {H$gr nm°{bgr H$m nyU© AWdm Am§{eH$ hñVm§VaU `m g_ZwXoeZ, Mmho dh
à{V\$b Ho$ ~Xbo _| hmo `m {~Zm à{V\$b Ho$, nm°{bgr Ho$ D$na hr EH$
n¥ð>m§H$Z H$aHo$ AWdm AbJ go EH$ ànÌ Ho$ Ûmam {H$`m Om gH$Vm h¡ {Og
na XmoZm| hr pñW{V`m| _| hñVm§VaUH$Vm© `m g_ZwXoeH$ `m CgHo$ {d{YdV
àm{YH¥$V A{^H$Vm© Ho$ hñVmja hm|Jo & Bg na H$_ go H$_ EH$ Jdmh Ûmam
gmú`m§{H$V {H$`m OmEJm Am¡a Bg_| {deof ê$n go hñVm§VaU AWdm
g_ZwXoeZ Ho$ VÏ` H$m, CgHo$ H$maUm| H$m, g_ZwXo{eVr Ho$ nyd©M[aÌ H$m
VWm g_ZwXoeZ H$s eVm] H$m C„oI {H$`m OmEJm &
2) Ohm§ {ZJ_ Ho$ nmg `h {dœmg H$aZo H$m n`m©á H$maU h¡ {H$ Eogm hñVm§VaU
`m g_ZwXoeZ àm_m{UH$ Zht h¡ `m nm°{bgrYmaH$ Ho$ {hV _| Zht h¡ `m
gmd©O{ZH$ {hV _| Zht h¡ `m ~r_m nm°{bgr H$m gm¡Xm H$aZo Ho$ {bE {H$`m
J`m h¡ Vmo ~r_mH$Vm© Cn Ymam (1) Ho$ A§VJ©V {H$E JE Eogo hñVm§VaU `m
g_ZwXoeZ Ho$ n¥ð>m§H$Z H$mo ñdrH$ma H$a gH$Vm h¡ `m CgHo$ D$na H$moB©
H$ma©dmB© H$aZo go _Zm H$a gH$Vm h¡ &
3) n¥ð>m§H$Z na H$moB© H$ma©dmB© H$aZo go _Zm H$aZo go nhbo, ~r_mH$Vm© Eogr
_Zmhr Ho$ H$maU {bpIV ê$n _| XO© H$aoJm Am¡a nm°{bgrYmaH$ Ûmam Eogo
hñVm§VaU `m g_ZwXoeZ H$m Zmo{Q>g {XE OmZo Ho$ A{YH$V_ 30 {XZm| Ho$
A§Xa nm°{bgrYmaH$ H$mo CZ H$maUm| H$s gyMZm XoJm &
4) ~r_mH$Vm© Ûmam Eogo hñVm§VaU `m g_ZwXoeZ na H$ma©dmB© Z H$aZo Ho$ {ZU©`
go `{X {H$gr ì`pŠV H$mo {eH$m`V h¡ Vmo Eogr _Zmhr Ho$ H$maUm| dmbr gyMZm
àmá hmoZo Ho$ 30 {XZ Ho$ A§Xa dh ì`pŠV àm{YH$mar Ho$ gm_Zo Xmdm H$a
gH$Vm h¡ &
5) Cn Ymam (2) Ho$ àmdYmZm| Ho$ AYrZ, Eogo n¥ð>m§H$Z Ho$ {ZînmXZ na `m
ànÌ Ho$ {d{YdV² gmú`m§{H$V hmo OmZo na, hñVm§VaU `m g_ZwXoeZ nyU©
VWm {H«$`merb hmo OmEJm & {H$ÝVw `{X Eogm hñVm§VaU `m g_ZwXoeZ
~r_mH$Vm© Ho$ nj _| h¡ Vmo dh {H$gr ~r_mH$Vm© Ho$ {dê$Õ H$m`©H$mar Zht
hmoJm Am¡a Bggo hñVm§Var `m g_ZwXo{eVr H$mo `m CgHo$ H$mZyZr à{V{Z{Y
H$mo Eogr nm°{bgr H$s am{e na `m nm°{bgr _| à{V^yV am{e na dmX MbmZo
H$m H$moB© A{YH$ma V~ VH$ Zht {_boJm O~ VH$ hñVm§VaU `m g_ZwXoeZ
H$s {bpIV gyMZm Am¡a CŠV n¥ð>m§H$Z `m dh ànÌ `m hñVm§VaUH$Vm© Am¡a
LIC's Jeevan Umang Page 16 of 26
Of Ombudsman:
For redressal of Claims related grievances, claimants can also
approach Insurance Ombudsman who provides for low cost and
speedy arbitration to customers.
The Ombudsman, as per Insurance Ombudsman Rules, 2017, can
receive and consider complaints or disputes relating to the matters
such as:
a). Delay in settlement of claims, beyond the time specified in
the regulations, framed under the Insurance Regulatory
and Development Authority of India Act, 1999;
b). Any partial or total repudiation of claims by the life insurer,
General insurer or the health insurer;
c). Disputes over premium paid or payable in terms of
insurance policy;
d). Misrepresentation of policy terms and conditions at any
time in the policy document or policy contract;
e). Legal construction of insurance policies in so far as the
dispute relates to claim;
f). Policy servicing related grievances against insurers and
their agents and intermediaries;
g). Issuance of life insurance policy, general insurance policy
including health insurance policy which is not in conformity
with the proposal form submitted by the proposer;
h). Non-issuance of insurance policy after receipt of premium
in life insurance and general insurance including health
insurance; and
i). Any other matter resulting from the violation of provisions of
the Insurance Act, 1938 or the regulations, circulars,
guidelines or instructions issued by the IRDAI from time to
time or the terms and conditions of the policy contract, in so
far as they relate to issues mentioned at clauses (a) to (f).
Note: In case of dispute in respect of interpretation of terms and
conditions mentioned in this document, the English version shall
stand valid.
YOU ARE REQUESTED TO EXAMINE THIS POLICY, AND IF
A N Y M I S TA K E B E F O U N D T H E R E I N , R E T U R N I T
IMMEDIATELY FOR CORRECTION.
Annexure 1
Assignment - As per Section 38 of the Insurance Act 1938
1) A transfer or assignment of a policy of insurance, wholly or in
part, whether with or without consideration, may be made only
by an endorsement upon the policy itself or by a separate
instrument, signed in either case by the transferor or by the
assignor or his duly authorised agent and attested by at least
one witness, specifically setting forth the fact of transfer or
assignment and the reasons thereof, the antecedents of the
assignee and the terms on which the assignment is made.
2) An insurer may, accept the transfer or assignment, or decline to
act upon any endorsement made under sub-section(1), where
it has sufficient reason to believe that such transfer or
assignment is not bonafide or is not in the interest of the
policyholder or in public interest or is for the purpose of trading
of insurance policy.
3) The insurer shall, before refusing to act upon the endorsement,
record in writing the reasons for such refusal and communicate
the same to the policyholder not later than thirty days from the
date of the policy-holder giving notice of such transfer or
assignment.
4) Any person aggrieved by the decision of an insurer to decline to
act upon such transfer or assignment may within a period of
thirty days from the date of receipt of the communication from
the insurer containing reasons for such refusal, prefer a claim
to the Authority.
5) Subject to the provisions in sub-section (2), the transfer or
assignment shall be complete and effectual upon the
execution of such endorsement or instrument duly attested but
except, where the transfer or assignment is in favour of the
insurer, shall not be operative as against an insurer, and shall
not confer upon the transferee or assignee, or his legal
representative, any right to sue for the amount of such policy or
the moneys secured thereby until a notice in writing of the
transfer or assignment and either the said endorsement or
Plan No.- 945
 hñVm§Var Ûmam AWdm CZHo$ {d{dYV àm{YH¥$V A{^H$Vm© Ûmam gË`m{nV
CgH$s EH$ à{V ~r_mH$Vm© H$mo Z Xo &
~eV} {H$ `{X ^maV _| EH$ go A{YH$ ñWmZm| na AnZm ì`dgm` MbmVm h¡
Vmo Eogm Zmo{Q>g Ho$db Cgr ñWmZ na {X`m OmEJm, Ohm§ na Cg nm°{bgr go
g§~§{YV godmE§ Xr OmVr h¢ &
6) {Og VmarI na Cn Ymam (5) _| C{„pIV Zmo{Q>g ~r_mH$Vm© H$mo {X`m
OmVm h¡, dh VmarI nm°{bgr _| {hV aIZo dmbo ì`pŠV`m| Ho$ ~rM,
hñVm§VaU `m g_ZwXoeZ Ho$ g^r Xmdm| H$s àmW{_H$Vm H$mo {d{Z`{_V H$aoJr
& Am¡a `{X H$ht na EH$ go A{YH$ hñVm§VaU `m g_ZwXoeZ Ho$ ànÌ h¢ Vmo
Eogo ànÌm| Ho$ A§VJ©V Xmdm| H$s àmW{_H$Vm Cgr H«$_ go g§Mm{bV hmoJr,
{Og H«$_ _| Cn Ymam (5) _| C{„pIV Zmo{Q>g {XE JE h¢ &
`{X g_ZwXo{e{V`m| Ho$ ~rM ^wJVmZ H$s àmW{_H$Vm H$mo boH$a H$moB© _V^oX
hmoVm h¡ Vmo Cg {ddmX H$mo àm{YH$mar Ho$ nmg ^oO {X`m OmEJm &
7) Cn Ymam (5) _| C{„pIV Zmo{Q>g àmá hmoZo na, ~r_mH$Vm© Eogo hñVm§VaU
`m g_ZwXoeZ H$m, CgH$s VmarI Am¡a hñVm§Var `m g_ZwXo{eVr Ho$ Zm_ Ho$
VÏ`m| H$mo XO© H$aoJm Am¡a Eogm Zmo{Q>g XoZo dmbo ì`pŠV `m hñVm§Var `m
g_ZwXo{eVr Ho$ AZwamoY na Am¡a {d{Z`_m| Ho$ A§VJ©V {ZYm©[aV ewëH$ AXm
H$aZo na, Eogo Zmo{Q>g H$s àm{á H$s {bpIV nmdVr XoJm Am¡a Eogr nmdVr
~r_mH$Vm© Ho$ à{V Bg ~mV H$m n¸$m g~yV hmoJr {H$ Cgo dh Zmo{Q>g {d{YdV
àmá hmo J`m h¡ {Oggo dh nmdVr g§~§{YV h¡ &
8) hñVm§VaU `m g_ZwXoeZ Ho$ {Z`_ Ed§ eVm] Ho$ AYrZ, ~r_mH$Vm© Cn Ymam
(5) _| C{„pIV Zmo{Q>g H$s àm{á H$s VmarI go, Cg Zmo{Q>g _| Zm{_V
hñVm§Var `m g_ZwXo{eVr H$mo nm°{bgr Ho$ A§VJ©V {hVbm^m| H$m nyU© hñVm§Var
`m g_ZwXo{eVr A{YH$mar H$s _mÝ`Vm XoJm Am¡a Cg ì`pŠV na do g_ñV
Xo`VmAm| Am¡a {Zdb am{e`m§ bmJy hm|Jr Omo hñVm§VaUH$Vm© `m g_ZwXoeH$
na, hñVm§VaU `m g_ZwXoeZ H$s VmarI na bmJy hmoVr Wt Am¡a dh
hñVm§VaUH$Vm© `m g_ZwXoeH$ H$s gh_{V {bE {~Zm `m Eogr H$ma©dmB© _|
Cgo njH$ma ~ZmE {~Zm, nm°{bgr Ho$ g§~§Y _| H$moB© ^r H$ma©dmB© àma§^ H$a
gH$Vm h¡, nm°{bgr Ho$ A§VJ©V F$U bo gH$Vm h¡ `m nm°{bgr H$m Aä`n©U
H$a gH$Vm h¡ &
ì`m»`m : `{X Cn Ymam (1) _| C{„pIV n¥ð>m§H$Z _| ñnï> ê$n go `h Zht
H$hm J`m hmoJm {H$ g_ZwXoeZ `m hñVm§VaU `hm§ ZrMo Xr JB© Cn Ymam
(10) Ho$ AZwgma geV© h¡, Vmo àË`oH$ hñVm§VaU `m g_ZwXoeZ H$mo nyU©
g_ZwXoeZ `m hñVm§VaU _mZm OmEJm Am¡a g_ZwXo{eVr `m hñVm§Var H$mo,
`WmpñW{V, H«$_e: nyU© g_ZwXo{eVr `m hñVm§Var _mZm OmEJm &
9) ~r_m H$mZyZ (g§emoYZ) A{Y{Z`_, 2015 Ho$ àma§^ go nyd©, {H$gr
g_ZwXoeZ AWdm hñVm§VaU Ho$ A§VJ©V OrdZ ~r_m nm°{bgr Ho$ {H$gr
g_ZwXo{eVr `m hñVm§Var Ho$ Mmby A{YH$mam| Am¡a à{VH$mam| na, Bg Ymam Ho$
àmdYmZm| H$m H$moB© à{V^yb à^md Zht n‹S>oJm &
10) {H$gr H$mZyZ Ho$ `m H$mZyZ H$s e{ŠV aIZo dmbr àWm Ho$ hmoVo hþE ^r, `{X
{H$gr ì`pŠV Ho$ nj _| g_ZwXoeZ Bg eV© na {H$`m OmVm h¡ {H$:
H$. g_ZwXo{eVr `m hñVm§Var H$s _¥Ë`w ~r_mYmaH$ go nhbo hmoZo na,
nm°{bgr Ho$ A§VJ©V àm{á`m§ nm°{bgrYmaH$ H$mo `m Zm{_Vr ì`pŠV/
ì`pŠV`m| H$mo Xo` hmo OmE§Jr; AWdm
I. ~r_mYmaH$ Ho$ nm°{bgr Ad{Y VH$ Or{dV ahZo na, dh d¡Y hmoJm &
~eV} {H$ H$moB© geV© g_ZwXo{eVr nm°{bgr na H$moB© F$U boZo H$m `m nm°{bgr
H$mo Aä`{n©V H$aZo H$m A{YH$mar Zht hmoJm &
11) Cn Ymam (1) Ho$ A§VJ©V {H$gr nm°{bgr Ho$ Am§{eH$ g_ZwXoeZ `m
hñVm§VaU Ho$ _m_bo _|, ~r_mH$Vm© H$s Xo`Vm, Am§{eH$ g_ZwXoeZ `m
hñVm§VaU Ûmam àË`m^yV am{e VH$ gr{_V hmoJr Am¡a Eogo nm°{bgrYmaH$ H$mo,
Cgr nm°{bgr Ho$ A§VJ©V Xo` eof am{e H$mo AmJo g_ZwXo{eV `m A§V[aV
H$aZo H$m A{YH$ma Zht hmoJm &
n[a{eï> - 2
Zm_m§H$Z : ~r_m A{Y{Z`_, 1938 H$s Ymam 39 Ho$ AZwgma
1) AnZo hr OrdZ na OrdZ ~r_m nm°{bgr aIZo dmbm nm°{bgrYmaH$, nm°{bgr
boVo g_` AWdm nm°{bgr Ho$ ^wJVmZ Ho$ {bE n[an¹$ hmoZo Ho$ nyd© {H$gr ^r
g_` Eogo ì`pŠV/ì`pŠV`m| H$mo Zm_m§{H$V H$a gH$Vm h¡ {OZH$mo,
nm°{bgrYmaH$ H$s _¥Ë`w hmoZo H$s pñW{V _|, nm°{bgr Ho$ A§VJ©V àË`m^yV
am{e H$m ^wJVmZ {H$`m OmEJm &
~eV} {H$ `{X Zm{_Vr Zm~m{bJ h¡ Vmo nm°{bgrYmaH$ Ho$ {bE `h
H$mZyZgå_V hmoJm {H$ dh ~r_mH$Vm© Ûmam ~ZmE JE VarHo$ go {H$gr ì`pŠV
H$mo {Z`wŠV H$ao Omo Zm{_Vr H$s Ad`ñH$Vm Ho$ Xm¡amZ nm°{bgrYmaH$ H$s
_¥Ë`w hmo OmZo na, nm°{bgr Ho$ A§VJ©V àË`m^yV am{e àmá H$a gHo$ &
LIC's Jeevan Umang Page 17 of 26
instrument itself or a copy thereof certified to be correct by both
transferor and transferee or their duly authorised agents have
been delivered to the insurer:
Provided that where the insurer maintains one or more places
of business in India, such notice shall be delivered only at the
place where the policy is being serviced.
6) The date on which the notice referred to in sub-section (5) is
delivered to the insurer shall regulate the priority of all claims
under a transfer or assignment as between persons interested
in the policy; and where there is more than one instrument of
transfer or assignment the priority of the claims under such
instruments shall be governed by the order in which the notices
referred to in sub-section (5) are delivered:
Provided that if any dispute as to priority of payment arises as
between assignees, the dispute shall be referred to the
Authority.
7) Upon the receipt of the notice referred to in sub-section (5), the
insurer shall record the fact of such transfer or assignment
together with the date thereof and the name of the transferee or
the assignee and shall, on the request of the person by whom
the notice was given, or of the transferee or assignee, on
payment of such fee as may be specified by the regulations,
grant a written acknowledgement of the receipt of such notice;
and any such acknowledgement shall be conclusive evidence
against the insurer that he has duly received the notice to which
such acknowledgment relates.
8) Subject to the terms and conditions of the transfer or
assignment, the insurer shall, from the date of the receipt of the
notice referred to in sub-section (5), recognize the transferee
or assignee named in the notice as the absolute transferee or
assignee entitled to benefit under the policy and such person
shall be subject to all liabilities and equities to which the
transferor or assignor was subject at the date of the transfer or
assignment and may institute any proceedings in relation to the
policy, obtain a loan under the policy or surrender the policy
without obtaining the consent of the transferor or assignor or
making him a party to such proceedings.
Explanation – Except where the endorsement referred to in
sub-section (1) expressly indicates that the assignment or
transfer is conditional in terms of subsection (10) hereunder,
every assignment or transfer shall be deemed to be an
absolute assignment or transfer and the assignee or
transferee, as the case may be, shall be deemed to be the
absolute assignee or transferee respectively.
9) Any rights and remedies of an assignee or transferee of a
policy of life insurance under an assignment or transfer
effected prior to the commencement of the Insurance Laws
(Amendment) Act, 2015 shall not be affected by the provisions
of this Section.
10) Notwithstanding any law or custom having the force of law to
the contrary, an assignment in favour of a person made upon
the condition that-
a. The proceeds under the policy shall become payable to the
policyholder or the nominee or nominees in the event of
either the assignee or transferee predeceasing the
insured; or
b. The insured surviving the term of the policy , shall be valid:
Provided that a conditional assignee shall not be entitled to
obtain a loan on the policy or surrender a policy.
11) In the case of the partial assignment or transfer of a policy of
insurance under sub-section (1), the liability of the insurer shall
be limited to the amount secured by partial assignment or
transfer and such policyholder shall not be entitled to further
assign or transfer the residual amount payable under the same
policy.
Annexure 2
Nomination - As per Section 39 of the Insurance Act 1938
1) The holder of a policy of life insurance on his own life may,
when effecting the policy or at any time before the policy
matures for payment, nominate the person or persons to whom
the money secured by the policy shall be paid in the event of his
death:
Provided that, where any nominee is a minor, it shall be lawful
for the policy holder to appoint any person in the manner laid
down by the insurer, to receive the money secured by policy in
the event of his death during the minority of the nominee.
Plan No.- 945
2) `{X Zm_m§H$Z nm°{bgr Ho$ _yb nmR> _| hr g_m{dï> Zht h¡ Vmo Eogo {H$gr ^r
Zm_m§H$Z H$mo {H«$`merb ~ZmZo Ho$ {bE, nm°{bgr na Eogm n¥ð>m§H$Z H$aHo$,
~r_mYmaH$ H$mo CgH$s gyMZm XoH$a VWm nm°{bgr go g§~§{YV A{^boIm| _|
Cgo n§OrH¥$V H$amZm hmoJm Am¡a nm°{bgr Ho$ ^wJVmZ Ho$ {bE n[an¹$ hmoZo go
nyd© Eogo Zm_m§H$Z H$mo EH$ n¥ð>m§H$Z Ho$ Ûmam `m dgr`V Ho$ Ûmam {H$gr ^r
g_` {ZañV `m n[ad{V©V H$am`m Om gH$Vm h¡ & {H$ÝVw O~ VH$ Eogo
{ZañVrH$aU `m n[adV©Z H$s {bpIV gyMZm ~r_mH$Vm© H$mo Zht Xo Xr OmVr,
V~ VH$ ~r_mH$Vm© nm°{bgr Ho$ _yb nmR> _| C{„pIV `m ~r_mH$Vm© Ho$
A{^boIm| _| n§OrH¥$V Am¡a ~r_mH$Vm© Ûmam nm°{bgr Ho$ A§VJ©V gØmdZmnyd©H$
~ZmE JE Zm{_Vr H$mo {H$E JE {H$gr ^r ^wJVmZ Ho$ {bE CÎmaXm`r Zht
hmoJm &
3) ~r_mH$Vm© nm°{bgrYmaH$ H$mo, Zm_m§H$Z Ho$ n§OrH$aU H$s `m CgHo$
{ZañVrH$aU H$s `m Cg_| n[adV©Z H$s {bpIV nmdVr XoJm Am¡a Eogo
{ZañVrH$aU `m n[adV©Z Ho$ {bE {d{Z`_m| _| {d{Z{X©ï> ewëH$ bo gHo$Jm &
4) Ymam 38 Ho$ AZwgma {H$E JE nm°{bgr Ho$ hñVm§VaU `m g_ZwXoeZ go
Zm_m§H$Z ñdV: {ZañV hmo OmEJm :
`{X nm°{bgr H$m g_ZwXoeZ {H$gr Eogo ~r_mH$Vm© H$mo {H$`m OmVm h¡, Omo
nm°{bgr Ho$ Aä`n©U _yë` Ho$ A§Xa AWdm F$U H$s AXm`Jr na nwZ:
g_ZwXoeZ H$s pñW{V _| nm°{bgr H$s à{V^y{V na {XE JE F$U Ho$ ~Xbo,
g_ZwXoeZ Ho$ g_` nm°{bgr Ho$ OmopI_ H$m dhZ H$aVm h¡ Vmo Cggo
Zm_m§H$Z {ZañV Zht hmoJm, {H$ÝVw Cggo Zm{_Vr Ho$ A{YH$mam| na, nm°{bgr
_| ~r_mH$Vm© Ho$ {hVm| H$s gr_m VH$ hr {dnarV à^md n‹S>oJm &
`h ^r eV© h¡ {H$ `{X hñVm§Var `m g_ZwXo{eVr Ûmam nm°{bgrYmaH$ H$mo {XE
JE F$U Ho$ ~Xbo nm°{bgr Ho$ nyU© `m Am§{eH$ hñVm§VaU `m g_ZwXoeZ go
Zm_m§H$Z {ZañV Zht hmoJm ~pëH$ Zm{_Vr Ho$ {hVm| na Cgr gr_m VH$
{dn[aV à^md n‹S>oJm, Ohm§ VH$ `WmpñW{V, hñVm§Var `m g_ZwXo{eVr H$m
{hV Cg nm°{bgr _| h¡ &
Am¡a `h ^r eV© h¡ {H$ hñVm§VaU AWdm g_ZwXoeZ Ho$ \$bñdê$n Omo
Zm_m§H$Z ñdV: {ZañV hmo J`m h¡ Vmo g_ZwXo{eVr Ûmam nwZ: g_ZwXoeZ H$aZo
na `m nm°{bgr H$s à{V^y{V Ho$ Abmdm, {bE JE F$U H$s AXm`Jr H$a {XE
OmZo na, nm°{bgrYmaH$ Ho$ nj _| hñVm§Var Ûmam nwZ: hñVm§VaU {H$E OmZo
na, dh Zm_m§H$Z ñdV: hr nwZ: g{H«$` hmo OmEJm &
5) {Og ì`pŠV Ho$ OrdZ H$m ~r_m {H$`m J`m h¡, `{X CgHo$ OrdZH$mb _|
nm°{bgr ^wJVmZ Ho$ {bE n[an¹$ hmo OmVr h¡ AWdm Zm{_Vr (EH$ go A{YH$
Zm{_Vr hmoZo H$s pñW{V _| gmao Zm{_Vr) H$s _¥Ë`w nm°{bgr ^wJVmZ Ho$ {bE
n[an¹$ hmoZo go nyd© hmoZo na nm°{bgr Ho$ A§VJ©V àË`m^yV am{e H$m ^wJVmZ,
`WmpñW{V, nm°{bgrYmaH$ H$mo `m CgHo$ dm[agm| `m H$mZyZr à{V{Z{Y`m| H$mo
`m CÎmam{YH$ma à_mU-nÌ YmaH$ H$mo Xo` hmoJm &
6) Zm{_Vr ì`pŠV `m EH$ go A{YH$ Zm{_Vr hmoZo H$s pñW{V _|, Zm{_V
ì`pŠV`m| Ho$ ~r{_V ì`pŠV go A{YH$ Or{dV ahZo na, nm°{bgr Ho$ A§VJ©V
àË`m^yV am{e Eogo Or{dV ì`pŠV `m ì`pŠV`m| H$mo Xo` hmoJr &
7) Bg Ymam Ho$ AÝ` àmdYmZm| Ho$ AYrZ, `{X H$moB© AnZo hr OrdZ na `m
nm°{bgr boZo dmbm nm°{bgrYmaH$ AnZo _mVm-{nVm H$mo, AnZr nËZr H$mo,
AnZo ~ƒm| H$mo, AnZo n{V:nËZr Am¡a ~ƒm| H$mo `m Bg_| go {H$gr H$mo Zm{_V
H$aVm h¡ Vmo Zm{_Vr Cn Ymam (6) Ho$ A§VJ©V ~r_mYmaH$ Ûmam CgH$mo `m
CZH$mo Xo` am{e Ho$ {bE {hVbm^r A{YH$mar hm|Jo, O~ VH$ {H$ `h {gÕ Z
hmo OmE {H$ nm°{bgr _| AnZo A{YH$ma H$s àH¥${V H$mo Ü`mZ _| aIVo hþE,
nm°{bgrYmaH$ Zm{_V ì`pŠV H$mo Eogm A{YH$ma àXmZ Zht H$a gH$Vm Wm &
8) Cn`w©ŠV C„oI Ho$ AYrZ hr, {Og Zm{_Vr (EH$ go A{YH$ Zm{_Vr hmoZo na
Zm{_{V`m|) na Cn Ymam (7) bmJy hmoVr h¡, CgH$s/CZH$s _¥Ë`w ~r{_V
ì`pŠV Ho$ ~mX, {H$ÝVw nm°{bgr Ho$ A§VJ©V àË`m^yV am{e Ho$ ^wJVmZ go nyd©
hmoZo H$s pñW{V _|, nm°{bgr Ho$ AVJ©V àË`m^yV am{e `m Bg àH$ma _aZo
dmbo ì`pŠV `m ì`pŠV`m| (`WmpñW{V) Ho$ {hñgo H$s nm°{bgr Ûmam àË`m^yV
am{e H$m ^mJ, Zm{_Vr Ho$ dm[agm| H$mo `m H$mZyZr à{V{Z{Y`m| H$mo `m
`WmpñW{V CÎmam{YH$ma à_mU-nÌ YmaH$ H$mo Xo` hmoJm Am¡a do Cg am{e
Ho$ {hVbm^ A{YH$mar hm|Jo &
9) OrdZ ~r_m nm°{bgr H$s àm{á`m| _| go boZXmam| Ho$ A{YH$mam| H$mo g_má
H$aZo Ho$ {bE `m CZ_| ~mYm Ho$ {bE Cn Ymam (7) Am¡a (8) _| go Hw$N>
^r bmJy Zht hmoJm &
10) Cn Ymam (7) Am¡a (8) Ho$ àmdYmZ OrdZ ~r_m H$s CZ g^r nm°{b{g`m|
na bmJy hm|Jo Omo ~r_m H$mZyZ (g§emoYZ) A{Y{Z`_, 2015 Ho$ àma§^ hmoZo
Ho$ ~mX ^wJVmZ Ho$ {bE n[an¹$ hm|Jr &
11) `{X nm°{bgrYmaH$ H$s _¥Ë`w nm°{bgr H$s n[an¹$Vm Ho$ ~mX hmoVr h¡, {H$ÝVw
CgH$s _¥Ë`w Ho$ H$maU CgH$s nm°{bgr Ho$ {hVbm^m| H$m ^wJVmZ Cgo Zht
{H$`m Om gH$m h¡ Vmo CgHo$ Zm{_Vr CgH$s nm°{bgr H$s àm{á`m| Am¡a
{hVbm^m| Ho$ hH$Xma hm|Jo &
LIC's Jeevan Umang Page 18 of 26
2) Any such nomination in order to be effectual shall, unless it is
incorporated in the text of the policy itself, be made by an
endorsement on the policy communicated to the insurer and
registered by him in the records relating to the policy and any
such nomination may at any time before the policy matures for
payment be cancelled or changed by an endorsement or a
further endorsement or a will, as the case may be, but unless
notice in writing of any such cancellation or change has been
delivered to the insurer, the insurer shall not be liable for any
payment under the policy made bona fide by him to a nominee
mentioned in the text of the policy or registered in records of the
insurer.
3) The insurer shall furnish to the policy holder a written
acknowledgement of having registered a nomination or a
cancellation or change thereof, and may charge such fee as
may be specified by regulations for registering such
cancellation or change.
4) A transfer or assignment of a policy made in accordance with
Section 38 shall automatically cancel a nomination:
Provided that the assignment of a policy to the insurer who
bears the risk on the policy at the time of the assignment, in
consideration of a loan granted by that insurer on the security
of the policy within its surrender value, or its reassignment on
repayment of the loan shall not cancel a nomination, but shall
affect the rights of the nominee only to the extent of the
insurer’s interest in the policy:
Provided further that the transfer or assignment of a policy,
whether wholly or in part, in consideration of a loan advanced
by the transferee or assignee to the policyholder, shall not
cancel the nomination but shall affect the rights of the nominee
only to the extent of the interest of the transferee or assignee,
as the case may be, in the policy:
Provided also that the nomination, which has been
automatically cancelled consequent upon the transfer or
assignment, the same nomination shall stand automatically
revived when the policy is reassigned by the assignee or
retransferred by the transferee in favour of the policyholder on
repayment of loan other than on a security of policy to the
insurer.
5) Where the policy matures for payment during the lifetime of the
person whose life is insured or where the nominee or, if there
are more nominees than one, all the nominees die before the
policy matures for payment, the amount secured by the policy
shall be payable to the policyholder or his heirs or legal
representatives or the holder of a succession certificate, as the
case may be.
6) Where the nominee or if there are more nominees than one, a
nominee or nominees survive the person whose life is insured,
the amount secured by the policy shall be payable to such
survivor or survivors.
7) Subject to the other provisions of this Section, where the holder
of a policy of insurance on his own life nominates his parents,
or his spouse, or his children, or his spouse and children, or any
of them, the nominee or nominees shall be beneficially entitled
to the amount payable by the insurer to him or them under sub-
section (6) unless it is proved that the holder of the policy,
having regard to the nature of his title to the policy, could not
have conferred any such beneficial title on the nominee.
8) Subject as aforesaid, where the nominee, or if there are more
nominees than one, a nominee or nominees, to whom sub-
section (7) applies, die after the person whose life is insured
but before the amount secured by the policy is paid, the amount
secured by the policy, or so much of the amount secured by the
policy as represents the share of the nominee or nominees so
dying (as the case may be), shall be payable to the heirs or
legal representatives of the nominee or nominees or the holder
of a succession certificate, as the case may be, and they shall
be beneficially entitled to such amount.
9) Nothing in sub-sections (7) and (8) shall operate to destroy or
impede the right of any creditor to be paid out of the proceeds of
any policy of life insurance.
10) The provisions of sub-sections (7) and (8) shall apply to all
policies of life insurance maturing for payment after the
commencement of the Insurance Laws (Amendment) Act,
2015.
11) Where a policyholder dies after the maturity of the policy but
the proceeds and benefit of his policy has not been made to
him because of his death, in such a case, his nominee shall be
entitled to the proceeds and benefit of his policy.
Plan No.- 945
12) Bg Ymam Ho$ àmdYmZ OrdZ ~r_m H$s {H$gr ^r Eogr nm°{bgr na bmJy Zht
hm|Jo, {Og na {ddm{hV _{hbm g§n{Îm A{Y{Z`_, 1874 H$s Ymam 6 bmJy
hmoVr h¡ `m {H$gr g_` bmJy ahr h¡ &
~eV} {H$ `{X AnZo OrdZ H$m, AnZr nËZr H$m, AnZo ~ƒm| H$m `m BZ_| go
{H$gr H$m ^r ~r_m H$amZo dmbo ì`pŠV H$s nËZr Ho$ nj _| ~r_m H$mZyZ
(g§emoYZ) A{Y{Z`_, 2015 Ho$ àma§^ go nyd© `m ~mX _| {H$`m J`m
Zm_m§H$Z Bg Ymam Ho$ A§VJ©V {H$E JE Zm_m§H$Z Ho$ ê$n _| A{^ì`ŠV h¡
(Mmho dh nm{°bgr H$o \$bH$ na hmo `m Zht) Vmo _mZm OmEJm {H$ CŠV Ymam 6
nm{°bgr na bmJy Zht hmVor Ama¡ Z hr Cgo nm{°bgr na bmJy {H$`m J`m h&¡
n[a{eï> -3
~r_m A{Y{Z`_, 1938 Ho$ AZwgma Ymam 45
1) nm°{bgr H$s VmarI AWm©V² nm°{bgr Omar H$aZo H$s VmarI AWdm OmopI_
àma§^ hmoZo H$s VmarI AWdm nm°{bgr Ho$ nwZM©bZ H$s VmarI AWdm
nm°{bgr _| AZwd¥{Õ H$s VmarI (BZ_| Omo ^r ~mX _| hmo) Ho$ ~mX VrZ df©
g_má hmo OmZo na OrdZ ~r_m H$s {H$gr ^r nm°{bgr na {H$gr ^r AmYma
na H$moB© àý Zht {H$`m OmEJm &
2) nm°{bgr Omar H$aZo H$s VmarI AWdm OmopI_ àma§^ hmoZo H$s VmarI AWdm
nm°{bgr Ho$ nwZM©bZ H$s VmarI AWdm nm°{bgr _| AZwd¥{Õ H$s VmarI
(BZ_| go Omo ^r ~mX _| hmo) go VrZ dfm] Ho$ A§Xa OrdZ ~r_m nm°{bgr na
H$nQ> Ho$ AmYma na àý {H$`m Om gH$Vm h¡ :
~eV} {H$ ~r_mH$Vm© H$mo CZ g^r AmYmam| Am¡a gm_J«r H$s {bpIV gyMZm
~r_mYmaH$ H$mo, `m H$mZyZr à{V{Z{Y`m| H$mo, Zm{_{V`m| `m g_ZwXo{e{V`m| H$mo
XoZr hmoJr, {OZ na Eogm {ZU©` AmYm[aV h¡ &
ì`m»`m - I: Bg Cn Ymam Ho$ CÔoí` Ho$ {bE "'H$nQ>'' H$m AW© ~r_mYmaH$
`m CgHo$ A{^H$Vm© Ûmam {H$`m J`m H$moB© ^r Eogm {ZåZ{bpIV H$m`© hmoJm
Omo ~r_mH$Vm© H$mo R>JZo `m ~r_mH$Vm© H$mo OrdZ ~r_m nm°{bgr Omar H$aZo
hoVw à^m{dV H$aZo Ho$ {bE {H$`m J`m hmo :-
H$) Eogo VÏ` H$m gwPmd Omo gË` Z hmo Am¡a {OgHo$ gË` hmoZo na
~r_mYmaH$ H$mo {dœmg Z hmo;
I) {H$gr {dœmg `m VÏ` H$m kmZ hmoZo na ^r ~r_mYmaH$ Ûmam {H$gr
VÏ` H$mo g{H«$`Vm go Nw>nmZm;
J) YmoIm XoZo Ho$ {bE Cn`wŠV H$moB© AÝ` H$m`©;
K) AÝ` H$moB© Eogr Ìw{Q>, {Ogo H$mZyZ {deof ê$n go H$nQ>H$mar Kmo{fV
H$aVm hmo &
ì`m»`m - II : ~r_mH$Vm© Ûmam OmopI_ Ho$ _yë`m§H$Z H$mo à^m{dV H$aZo H$s
g§^mdZm dmbo VÏ`m| na _mÌ Mwn ahZm H$nQ> Zht h¡, O~ VH$ {H$ _m_bo
H$s n[apñW{V`m§ Eogr Z hm| {H$ `{X CZ na {dMma {H$`m OmE Vmo Mwn ahZm
~r_mYmaH$ H$m `m CgHo$ A{^H$Vm© H$m H$Îm©ì` h¡ `m O~ VH$ {H$ CgH$m
Mwn ahZm ñd`§ _| hr ~mobZo Ho$ g_mZ Z hmo &
3) Cn Ymam (2) _| Mmho Hw$N> ^r C„oI {H$`m J`m hmo, `{X ~r_mYmaH$ `h
{gÕ H$a gH$Vm h¡ {H$ CgHo$ kmZ Am¡a {dœmg Ho$ AZwgma {_Ï`m H$WZ
`m _hËdnyU© VÏ` H$m Nw>nm`m OmZm ghr Wm AWdm VÏ` H$mo OmZ~yPH$a
BÀN>mnyd©H$ Zht Nw>nm`m J`m Wm AWdm _hËdnyU© VÏ` H$m Eogm {_Ï`m
H$WZ `m Nw>nmd ~r_mH$Vm© H$s OmZH$mar _| h¡, Vmo H$moB© ~r_mH$Vm© H$nQ> Ho$
AmYma na OrdZ ~r_m nm°{bgr na {H$E JE Xmdo H$mo Im[aO Zht H$aoJm &
~eV} {H$ H$nQ> H$s pñW{V _|, `{X nm°{bgrYmaH$ Or{dV Zht h¡ Vmo Cgo
JbV gm{~V H$aZo H$s {Oå_oXmar bm^m{W©`m| na hmoJr &
ì`m»`m: Omo ì`pŠV ~r_m H$ama H$m AmJ«h Ed§ _mob-Vmob H$aVm h¡, Cgo
H$ama H$mo ~ZmZo Ho$ CÔoí` Ho$ {bE ~r_mH$Vm© H$m A{^H$Vm© g_Pm OmEJm &
4) nm°{bgr Omar hmoZo H$s VmarI go `m OmopI_ àma§^ hmoZo H$s VmarI go `m
nm°{bgr Ho$ nwZM©bZ H$s VmarI go `m nm°{bgr _| AZwd¥{Õ Omo‹S>Zo H$s
VmarI go (BZ_| Omo ^r ~mX _| hmo) VrZ df© Ho$ A§Xa ~r_m nm°{bgr na Bg
AmYma na àý {H$`m Om gH$Vm h¡ {H$ àñVmd nÌ _| `m AÝ` {H$gr
XñVmdoO _|, {OgHo$ AmYma na nm°{bgr Omar H$s JB© Wr `m nwZM©{bV H$s
JB© Wr `m AZwd¥{Õ Omar H$s JB© Wr, ~r{_V ì`pŠV H$m àË`m{eV Am`w go
g§~§{YV H$moB© H$WZ AWdm {H$gr _hËdnyU© VÏ` H$mo JbV VarHo$ go Nw>nm`m
J`m Wm &
~eV} {H$ ~r_mH$Vm© H$mo ~r{_V ì`pŠV `m H$mZyZr à{V{Z{Y`m| `m Zm{_{V`m|
`m g_ZwXo{e{V`m| H$mo CZ AmYmam| Am¡a gm_J«r H$s {bpIV gyMZm XoZr
hmoJr, {OZ na OrdZ ~r_m nm°{bgr H$mo aÔ H$aZo H$m {ZU©` AmYm[aV h¡ &
`h ^r eV© h¡ {H$ `{X nm°{bgr H$mo {_Ï`m H$WZ `m _hËdnyU© VÏ` Ho$
Nw>nmZo Ho$ AmYma na (Am¡a H$nQ> Ho$ AmYma na Zht) aÔ {H$`m OmVm h¡ Vmo
nm°{bgr na aÔ H$aZo H$s VmarI VH$ g§J«h H$s JB© àr{_`_, Eogo aÔrH$aU
H$s VmarI go 90 {XZm| H$s Ad{Y _| ~r_mYmaH$ H$mo `m ~r_mYmaH$ Ho$
H$mZyZr à{V{Z{Y`m| H$mo `m Zm{_{V`m| H$mo `m g_ZwXo{e{V`m| H$mo AXm H$a Xr
OmEJr &
LIC's Jeevan Umang Page 19 of 20
12) The provisions of this Section shall not apply to any policy of life
insurance to which Section 6 of the Married Women’s Property
Act, 1874, applies or has at any time applied;
Provided that where a nomination made whether before or
after the commencement of the Insurance Laws (Amendment)
Act, 2015, in favour of the wife of the person who has insured
his life or of his wife and children or any of them is expressed,
whether or not on the face of the policy, as being made under
this Section, the said Section 6 shall be deemed not to apply or
not to have applied to the policy.
Annexure 3
Section 45 as per the Insurance Act 1938
1) No policy of life insurance shall be called in question on any
ground whatsoever after the expiry of three years from the date
of the policy, i.e. from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the
policy or the date of the rider to the policy, whichever is later.
2) A policy of life insurance may be called in question at any time
within three years from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the
policy or the date of the rider to the policy, whichever is later on
the ground of fraud:
Provided that the insurer shall have to communicate in writing
to the insured or the legal representatives or nominees or
assignees of the insured the grounds and materials on which
such decision is based.
Explanation I- For the purposes of this sub-section, the
expression “fraud” means any of the following acts committed
by the insured or by his agent, with the intent to deceive the
insurer or to induce the insurer to issue a life insurance policy:-
a) the suggestion, as a fact of that which is not true and which
the insured does not believe to be true;
b) the active concealment of a fact by the insured having
knowledge or belief of the fact;
c) any other act fitted to deceive; and
d) any such act or omission as the law specially declares to be
fraudulent.
Explanation II- Mere silence as to facts likely to affect the
assessment of the risk by the insurer is not fraud, unless the
circumstances of the case are such that regard being had to
them, it is the duty of the insured or his agent, keeping silence
to speak, or unless his silence is, in itself, equivalent to speak.
3) Notwithstanding anything contained in subsection (2), no
insurer shall repudiate a life insurance policy on the ground of
fraud if the insured can prove that the misstatement of or
suppression of a material fact was true to the best of his
knowledge and belief or that there was no deliberate intention
to suppress the fact or that such misstatement of or
suppression of a material fact are within the knowledge of the
insurer:
Provided that in case of fraud, the onus of disproving lies upon
the beneficiaries, in case the policyholder is not alive.
Explanation – A person who solicits and negotiates a contract
of insurance shall be deemed for the purpose of the formation
of the contract, to be the agent of the insurer.
4) A policy of life insurance may be called in question at any time
within three years from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the
policy or the date of the rider to the policy, whichever is later, on
the ground that any statement of or suppression of a fact
material to the expectancy of the life of the insured was
incorrectly made in the proposal or other document on the
basis of which the policy was issued or revived or rider issued:
Provided that the insurer shall have to communicate in writing
to the insured or the legal representatives or nominees or
assignees of the insured the grounds and materials on which
such decision to repudiate the policy of life insurance is based:
Provided further that in case of repudiation of the policy on the
ground of misstatement or suppression of a material fact, and
not on the ground of fraud the premiums collected on the policy
till the date of repudiation shall be paid to the insured or the
legal representatives or nominees or assignees of the insured
within a period of ninety days from the date of such repudiation.
Plan No.- 945
 ì`m»`m : Bg Cn Ymam Ho$ CÔoí` Ho$ {bE, {_Ï`m H$WZ H$mo `m VÏ` Nw>nmZo
H$mo V~ VH$ _hËdnyU© Zht g_Pm OmEJm O~ VH$ {H$ ~r_mH$Vm© Ûmam
ñdrH$ma {H$E OmopI_ na CgH$m grYm à^md Z hmo & `h {gÕ H$aZo H$s
{Oå_oXmar ~r_mH$Vm© H$s hmoJr {H$ `{X ~r_mH$Vm© H$mo CŠV VÏ` H$s
OmZH$mar hmoVr Vmo ~r_mYmaH$ H$mo OrdZ ~r_m nm°{bgr Omar Zht H$s OmVr&
5) `{X ~r_mH$Vm© Eogm H$aZo Ho$ A{YH$mar h¢ Vmo Bg Ymam H$mo H$moB© àmdYmZ
~r_mYmaH$ Ho$ {H$gr ^r g_` Am`w H$m à_mU _m§JZo go ~r_mH$Vm© H$mo amoH$
Zht gH$Vm Am¡a {H$gr ^r nm°{bgr H$mo Ho$db Bg{bE àý{MpÝhV Zht _mZm
OmEJm {H$ ~r_mYmaH$ H$s Am`w àñVmd nÌ _| JbV ~VmZo H$m à_mU ~mX _|
{_bZo na, nm°{bgr H$s eVm] _| g_m`moOZ {H$`m J`m h¡ &
LIC's Jeevan Umang Page 20 of 26
Explanation - For the purposes of this sub-section, the
misstatement of or suppression of fact shall not be considered
material unless it has a direct bearing on the risk undertaken by
the insurer, the onus is on the insurer to show that had the
insurer been aware of the said fact no life insurance policy
would have been issued to the insured.
5) Nothing in this Section shall prevent the insurer from calling for
proof of age at any time if he is entitled to do so, and no policy
shall be deemed to be called in question merely because the
terms of the policy are adjusted on subsequent proof that the
age of the life insured was incorrectly stated in the proposal.
Plan No.- 945
n[a{eï>-4 / Annexure - 4
Hw$b ^wJVmZ H$s JB© àr{_`_m| na bmJy Jma§Q>rH¥$V Aä`n©U _yë` KQ>H$
Guaranteed Surrender Value factors applicable to total premiums paid
nm°{bgr nm°{bgr Ad{Y / Policy Term "
df©
Policy
Year 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68
1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
3 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
4 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
5 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
6 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
7 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
8 51.08% 51.05% 51.03% 51.00% 50.98% 50.95% 50.93% 50.91% 50.89% 50.87% 50.85% 50.83% 50.82% 50.80% 50.78% 50.77% 50.75% 50.74% 50.73% 50.71% 50.70% 50.69% 50.68% 50.67%
9 52.16% 52.11% 52.05% 52.00% 51.95% 51.90% 51.86% 51.82% 51.78% 51.74% 51.70% 51.67% 51.63% 51.60% 51.57% 51.54% 51.51% 51.48% 51.45% 51.43% 51.40% 51.38% 51.36% 51.33%
10 53.24% 53.16% 53.08% 53.00% 52.93% 52.86% 52.79% 52.73% 52.67% 52.61% 52.55% 52.50% 52.45% 52.40% 52.35% 52.31% 52.26% 52.22% 52.18% 52.14% 52.11% 52.07% 52.03% 52.00%
11 54.32% 54.21% 54.10% 54.00% 53.90% 53.81% 53.72% 53.64% 53.56% 53.48% 53.40% 53.33% 53.27% 53.20% 53.14% 53.08% 53.02% 52.96% 52.91% 52.86% 52.81% 52.76% 52.71% 52.67%
12 55.41% 55.26% 55.13% 55.00% 54.88% 54.76% 54.65% 54.55% 54.44% 54.35% 54.26% 54.17% 54.08% 54.00% 53.92% 53.85% 53.77% 53.70% 53.64% 53.57% 53.51% 53.45% 53.39% 53.33%
13 56.49% 56.32% 56.15% 56.00% 55.85% 55.71% 55.58% 55.45% 55.33% 55.22% 55.11% 55.00% 54.90% 54.80% 54.71% 54.62% 54.53% 54.44% 54.36% 54.29% 54.21% 54.14% 54.07% 54.00%
14 57.57% 57.37% 57.18% 57.00% 56.83% 56.67% 56.51% 56.36% 56.22% 56.09% 55.96% 55.83% 55.71% 55.60% 55.49% 55.38% 55.28% 55.19% 55.09% 55.00% 54.91% 54.83% 54.75% 54.67%
15 58.65% 58.42% 58.21% 58.00% 57.80% 57.62% 57.44% 57.27% 57.11% 56.96% 56.81% 56.67% 56.53% 56.40% 56.27% 56.15% 56.04% 55.93% 55.82% 55.71% 55.61% 55.52% 55.42% 55.33%
16 59.73% 59.47% 59.23% 59.00% 58.78% 58.57% 58.37% 58.18% 58.00% 57.83% 57.66% 57.50% 57.35% 57.20% 57.06% 56.92% 56.79% 56.67% 56.55% 56.43% 56.32% 56.21% 56.10% 56.00%
17 60.81% 60.53% 60.26% 60.00% 59.76% 59.52% 59.30% 59.09% 58.89% 58.70% 58.51% 58.33% 58.16% 58.00% 57.84% 57.69% 57.55% 57.41% 57.27% 57.14% 57.02% 56.90% 56.78% 56.67%
18 61.89% 61.58% 61.28% 61.00% 60.73% 60.48% 60.23% 60.00% 59.78% 59.57% 59.36% 59.17% 58.98% 58.80% 58.63% 58.46% 58.30% 58.15% 58.00% 57.86% 57.72% 57.59% 57.46% 57.33%
19 62.97% 62.63% 62.31% 62.00% 61.71% 61.43% 61.16% 60.91% 60.67% 60.43% 60.21% 60.00% 59.80% 59.60% 59.41% 59.23% 59.06% 58.89% 58.73% 58.57% 58.42% 58.28% 58.14% 58.00%
20 64.05% 63.68% 63.33% 63.00% 62.68% 62.38% 62.09% 61.82% 61.56% 61.30% 61.06% 60.83% 60.61% 60.40% 60.20% 60.00% 59.81% 59.63% 59.45% 59.29% 59.12% 58.97% 58.81% 58.67%
21 65.14% 64.74% 64.36% 64.00% 63.66% 63.33% 63.02% 62.73% 62.44% 62.17% 61.91% 61.67% 61.43% 61.20% 60.98% 60.77% 60.57% 60.37% 60.18% 60.00% 59.82% 59.66% 59.49% 59.33%
22 66.22% 65.79% 65.38% 65.00% 64.63% 64.29% 63.95% 63.64% 63.33% 63.04% 62.77% 62.50% 62.24% 62.00% 61.76% 61.54% 61.32% 61.11% 60.91% 60.71% 60.53% 60.34% 60.17% 60.00%
23 67.30% 66.84% 66.41% 66.00% 65.61% 65.24% 64.88% 64.55% 64.22% 63.91% 63.62% 63.33% 63.06% 62.80% 62.55% 62.31% 62.08% 61.85% 61.64% 61.43% 61.23% 61.03% 60.85% 60.67%
24 68.38% 67.89% 67.44% 67.00% 66.59% 66.19% 65.81% 65.45% 65.11% 64.78% 64.47% 64.17% 63.88% 63.60% 63.33% 63.08% 62.83% 62.59% 62.36% 62.14% 61.93% 61.72% 61.53% 61.33%
25 69.46% 68.95% 68.46% 68.00% 67.56% 67.14% 66.74% 66.36% 66.00% 65.65% 65.32% 65.00% 64.69% 64.40% 64.12% 63.85% 63.58% 63.33% 63.09% 62.86% 62.63% 62.41% 62.20% 62.00%
26 70.54% 70.00% 69.49% 69.00% 68.54% 68.10% 67.67% 67.27% 66.89% 66.52% 66.17% 65.83% 65.51% 65.20% 64.90% 64.62% 64.34% 64.07% 63.82% 63.57% 63.33% 63.10% 62.88% 62.67%
27 71.62% 71.05% 70.51% 70.00% 69.51% 69.05% 68.60% 68.18% 67.78% 67.39% 67.02% 66.67% 66.33% 66.00% 65.69% 65.38% 65.09% 64.81% 64.55% 64.29% 64.04% 63.79% 63.56% 63.33%
28 72.70% 72.11% 71.54% 71.00% 70.49% 70.00% 69.53% 69.09% 68.67% 68.26% 67.87% 67.50% 67.14% 66.80% 66.47% 66.15% 65.85% 65.56% 65.27% 65.00% 64.74% 64.48% 64.24% 64.00%
29 73.78% 73.16% 72.56% 72.00% 71.46% 70.95% 70.47% 70.00% 69.56% 69.13% 68.72% 68.33% 67.96% 67.60% 67.25% 66.92% 66.60% 66.30% 66.00% 65.71% 65.44% 65.17% 64.92% 64.67%
30 74.86% 74.21% 73.59% 73.00% 72.44% 71.90% 71.40% 70.91% 70.44% 70.00% 69.57% 69.17% 68.78% 68.40% 68.04% 67.69% 67.36% 67.04% 66.73% 66.43% 66.14% 65.86% 65.59% 65.33%
31 75.95% 75.26% 74.62% 74.00% 73.41% 72.86% 72.33% 71.82% 71.33% 70.87% 70.43% 70.00% 69.59% 69.20% 68.82% 68.46% 68.11% 67.78% 67.45% 67.14% 66.84% 66.55% 66.27% 66.00%
32 77.03% 76.32% 75.64% 75.00% 74.39% 73.81% 73.26% 72.73% 72.22% 71.74% 71.28% 70.83% 70.41% 70.00% 69.61% 69.23% 68.87% 68.52% 68.18% 67.86% 67.54% 67.24% 66.95% 66.67%
33 78.11% 77.37% 76.67% 76.00% 75.37% 74.76% 74.19% 73.64% 73.11% 72.61% 72.13% 71.67% 71.22% 70.80% 70.39% 70.00% 69.62% 69.26% 68.91% 68.57% 68.25% 67.93% 67.63% 67.33%
34 79.19% 78.42% 77.69% 77.00% 76.34% 75.71% 75.12% 74.55% 74.00% 73.48% 72.98% 72.50% 72.04% 71.60% 71.18% 70.77% 70.38% 70.00% 69.64% 69.29% 68.95% 68.62% 68.31% 68.00%
35 80.27% 79.47% 78.72% 78.00% 77.32% 76.67% 76.05% 75.45% 74.89% 74.35% 73.83% 73.33% 72.86% 72.40% 71.96% 71.54% 71.13% 70.74% 70.36% 70.00% 69.65% 69.31% 68.98% 68.67%
36 81.35% 80.53% 79.74% 79.00% 78.29% 77.62% 76.98% 76.36% 75.78% 75.22% 74.68% 74.17% 73.67% 73.20% 72.75% 72.31% 71.89% 71.48% 71.09% 70.71% 70.35% 70.00% 69.66% 69.33%
37 82.43% 81.58% 80.77% 80.00% 79.27% 78.57% 77.91% 77.27% 76.67% 76.09% 75.53% 75.00% 74.49% 74.00% 73.53% 73.08% 72.64% 72.22% 71.82% 71.43% 71.05% 70.69% 70.34% 70.00%
38 83.51% 82.63% 81.79% 81.00% 80.24% 79.52% 78.84% 78.18% 77.56% 76.96% 76.38% 75.83% 75.31% 74.80% 74.31% 73.85% 73.40% 72.96% 72.55% 72.14% 71.75% 71.38% 71.02% 70.67%
39 84.59% 83.68% 82.82% 82.00% 81.22% 80.48% 79.77% 79.09% 78.44% 77.83% 77.23% 76.67% 76.12% 75.60% 75.10% 74.62% 74.15% 73.70% 73.27% 72.86% 72.46% 72.07% 71.69% 71.33%
40 85.68% 84.74% 83.85% 83.00% 82.20% 81.43% 80.70% 80.00% 79.33% 78.70% 78.09% 77.50% 76.94% 76.40% 75.88% 75.38% 74.91% 74.44% 74.00% 73.57% 73.16% 72.76% 72.37% 72.00%
41 86.76% 85.79% 84.87% 84.00% 83.17% 82.38% 81.63% 80.91% 80.22% 79.57% 78.94% 78.33% 77.76% 77.20% 76.67% 76.15% 75.66% 75.19% 74.73% 74.29% 73.86% 73.45% 73.05% 72.67%
42 87.84% 86.84% 85.90% 85.00% 84.15% 83.33% 82.56% 81.82% 81.11% 80.43% 79.79% 79.17% 78.57% 78.00% 77.45% 76.92% 76.42% 75.93% 75.45% 75.00% 74.56% 74.14% 73.73% 73.33%
43 88.92% 87.89% 86.92% 86.00% 85.12% 84.29% 83.49% 82.73% 82.00% 81.30% 80.64% 80.00% 79.39% 78.80% 78.24% 77.69% 77.17% 76.67% 76.18% 75.71% 75.26% 74.83% 74.41% 74.00%
44 90.00% 88.95% 87.95% 87.00% 86.10% 85.24% 84.42% 83.64% 82.89% 82.17% 81.49% 80.83% 80.20% 79.60% 79.02% 78.46% 77.92% 77.41% 76.91% 76.43% 75.96% 75.52% 75.08% 74.67%
45 90.00% 90.00% 88.97% 88.00% 87.07% 86.19% 85.35% 84.55% 83.78% 83.04% 82.34% 81.67% 81.02% 80.40% 79.80% 79.23% 78.68% 78.15% 77.64% 77.14% 76.67% 76.21% 75.76% 75.33%
46 90.00% 90.00% 89.00% 88.05% 87.14% 86.28% 85.45% 84.67% 83.91% 83.19% 82.50% 81.84% 81.20% 80.59% 80.00% 79.43% 78.89% 78.36% 77.86% 77.37% 76.90% 76.44% 76.00%
47 90.00% 90.00% 89.02% 88.10% 87.21% 86.36% 85.56% 84.78% 84.04% 83.33% 82.65% 82.00% 81.37% 80.77% 80.19% 79.63% 79.09% 78.57% 78.07% 77.59% 77.12% 76.67%
48 90.00% 90.00% 89.05% 88.14% 87.27% 86.44% 85.65% 84.89% 84.17% 83.47% 82.80% 82.16% 81.54% 80.94% 80.37% 79.82% 79.29% 78.77% 78.28% 77.80% 77.33%
49 90.00% 90.00% 89.07% 88.18% 87.33% 86.52% 85.74% 85.00% 84.29% 83.60% 82.94% 82.31% 81.70% 81.11% 80.55% 80.00% 79.47% 78.97% 78.47% 78.00%
50 90.00% 90.00% 89.09% 88.22% 87.39% 86.60% 85.83% 85.10% 84.40% 83.73% 83.08% 82.45% 81.85% 81.27% 80.71% 80.18% 79.66% 79.15% 78.67%
51 90.00% 90.00% 89.11% 88.26% 87.45% 86.67% 85.92% 85.20% 84.51% 83.85% 83.21% 82.59% 82.00% 81.43% 80.88% 80.34% 79.83% 79.33%
52 90.00% 90.00% 89.13% 88.30% 87.50% 86.73% 86.00% 85.29% 84.62% 83.96% 83.33% 82.73% 82.14% 81.58% 81.03% 80.51% 80.00%
53 90.00% 90.00% 89.15% 88.33% 87.55% 86.80% 86.08% 85.38% 84.72% 84.07% 83.45% 82.86% 82.28% 81.72% 81.19% 80.67%
54 90.00% 90.00% 89.17% 88.37% 87.60% 86.86% 86.15% 85.47% 84.81% 84.18% 83.57% 82.98% 82.41% 81.86% 81.33%
55 90.00% 90.00% 89.18% 88.40% 87.65% 86.92% 86.23% 85.56% 84.91% 84.29% 83.68% 83.10% 82.54% 82.00%
56 90.00% 90.00% 89.20% 88.43% 87.69% 86.98% 86.30% 85.64% 85.00% 84.39% 83.79% 83.22% 82.67%
57 90.00% 90.00% 89.22% 88.46% 87.74% 87.04% 86.36% 85.71% 85.09% 84.48% 83.90% 83.33%
58 90.00% 90.00% 89.23% 88.49% 87.78% 87.09% 86.43% 85.79% 85.17% 84.58% 84.00%
59 90.00% 90.00% 89.25% 88.52% 87.82% 87.14% 86.49% 85.86% 85.25% 84.67%
60 90.00% 90.00% 89.26% 88.55% 87.86% 87.19% 86.55% 85.93% 85.33%
61 90.00% 90.00% 89.27% 88.57% 87.89% 87.24% 86.61% 86.00%
62 90.00% 90.00% 89.29% 88.60% 87.93% 87.29% 86.67%
63 90.00% 90.00% 89.30% 88.62% 87.97% 87.33%
64 90.00% 90.00% 89.31% 88.64% 88.00%
65 90.00% 90.00% 89.32% 88.67%
66 90.00% 90.00% 89.33%
67 90.00% 90.00%
68 90.00%
69
70
71
72
73
74
75
76
77
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LIC's Jeevan Umang Page 21 of 26 Plan No.- 945

n[a{eï>-4 / Annexure - 4
Hw$b ^wJVmZ H$s JB© àr{_`_m| na bmJy Jma§Q>rH¥$V Aä`n©U _yë` KQ>H$
Guaranteed Surrender Value factors applicable to total premiums paid
nm°{bgr nm°{bgr Ad{Y / Policy Term "
df©
Policy
Year 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92
1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
3 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
4 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
5 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
6 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
7 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
8 50.66% 50.65% 50.63% 50.63% 50.62% 50.61% 50.60% 50.59% 50.58% 50.57% 50.56% 50.56% 50.55% 50.54% 50.53% 50.53% 50.52% 50.51% 50.51% 50.50% 50.49% 50.49% 50.48% 50.48%
9 51.31% 51.29% 51.27% 51.25% 51.23% 51.21% 51.19% 51.18% 51.16% 51.14% 51.13% 51.11% 51.10% 51.08% 51.07% 51.05% 51.04% 51.03% 51.01% 51.00% 50.99% 50.98% 50.96% 50.95%
10 51.97% 51.94% 51.90% 51.88% 51.85% 51.82% 51.79% 51.76% 51.74% 51.71% 51.69% 51.67% 51.64% 51.62% 51.60% 51.58% 51.56% 51.54% 51.52% 51.50% 51.48% 51.46% 51.45% 51.43%
11 52.62% 52.58% 52.54% 52.50% 52.46% 52.42% 52.39% 52.35% 52.32% 52.29% 52.25% 52.22% 52.19% 52.16% 52.13% 52.11% 52.08% 52.05% 52.03% 52.00% 51.98% 51.95% 51.93% 51.90%
12 53.28% 53.23% 53.17% 53.13% 53.08% 53.03% 52.99% 52.94% 52.90% 52.86% 52.82% 52.78% 52.74% 52.70% 52.67% 52.63% 52.60% 52.56% 52.53% 52.50% 52.47% 52.44% 52.41% 52.38%
13 53.93% 53.87% 53.81% 53.75% 53.69% 53.64% 53.58% 53.53% 53.48% 53.43% 53.38% 53.33% 53.29% 53.24% 53.20% 53.16% 53.12% 53.08% 53.04% 53.00% 52.96% 52.93% 52.89% 52.86%
14 54.59% 54.52% 54.44% 54.38% 54.31% 54.24% 54.18% 54.12% 54.06% 54.00% 53.94% 53.89% 53.84% 53.78% 53.73% 53.68% 53.64% 53.59% 53.54% 53.50% 53.46% 53.41% 53.37% 53.33%
15 55.25% 55.16% 55.08% 55.00% 54.92% 54.85% 54.78% 54.71% 54.64% 54.57% 54.51% 54.44% 54.38% 54.32% 54.27% 54.21% 54.16% 54.10% 54.05% 54.00% 53.95% 53.90% 53.86% 53.81%
16 55.90% 55.81% 55.71% 55.63% 55.54% 55.45% 55.37% 55.29% 55.22% 55.14% 55.07% 55.00% 54.93% 54.86% 54.80% 54.74% 54.68% 54.62% 54.56% 54.50% 54.44% 54.39% 54.34% 54.29%
17 56.56% 56.45% 56.35% 56.25% 56.15% 56.06% 55.97% 55.88% 55.80% 55.71% 55.63% 55.56% 55.48% 55.41% 55.33% 55.26% 55.19% 55.13% 55.06% 55.00% 54.94% 54.88% 54.82% 54.76%
18 57.21% 57.10% 56.98% 56.88% 56.77% 56.67% 56.57% 56.47% 56.38% 56.29% 56.20% 56.11% 56.03% 55.95% 55.87% 55.79% 55.71% 55.64% 55.57% 55.50% 55.43% 55.37% 55.30% 55.24%
19 57.87% 57.74% 57.62% 57.50% 57.38% 57.27% 57.16% 57.06% 56.96% 56.86% 56.76% 56.67% 56.58% 56.49% 56.40% 56.32% 56.23% 56.15% 56.08% 56.00% 55.93% 55.85% 55.78% 55.71%
20 58.52% 58.39% 58.25% 58.13% 58.00% 57.88% 57.76% 57.65% 57.54% 57.43% 57.32% 57.22% 57.12% 57.03% 56.93% 56.84% 56.75% 56.67% 56.58% 56.50% 56.42% 56.34% 56.27% 56.19%
21 59.18% 59.03% 58.89% 58.75% 58.62% 58.48% 58.36% 58.24% 58.12% 58.00% 57.89% 57.78% 57.67% 57.57% 57.47% 57.37% 57.27% 57.18% 57.09% 57.00% 56.91% 56.83% 56.75% 56.67%
22 59.84% 59.68% 59.52% 59.38% 59.23% 59.09% 58.96% 58.82% 58.70% 58.57% 58.45% 58.33% 58.22% 58.11% 58.00% 57.89% 57.79% 57.69% 57.59% 57.50% 57.41% 57.32% 57.23% 57.14%
23 60.49% 60.32% 60.16% 60.00% 59.85% 59.70% 59.55% 59.41% 59.28% 59.14% 59.01% 58.89% 58.77% 58.65% 58.53% 58.42% 58.31% 58.21% 58.10% 58.00% 57.90% 57.80% 57.71% 57.62%
24 61.15% 60.97% 60.79% 60.63% 60.46% 60.30% 60.15% 60.00% 59.86% 59.71% 59.58% 59.44% 59.32% 59.19% 59.07% 58.95% 58.83% 58.72% 58.61% 58.50% 58.40% 58.29% 58.19% 58.10%
25 61.80% 61.61% 61.43% 61.25% 61.08% 60.91% 60.75% 60.59% 60.43% 60.29% 60.14% 60.00% 59.86% 59.73% 59.60% 59.47% 59.35% 59.23% 59.11% 59.00% 58.89% 58.78% 58.67% 58.57%
26 62.46% 62.26% 62.06% 61.88% 61.69% 61.52% 61.34% 61.18% 61.01% 60.86% 60.70% 60.56% 60.41% 60.27% 60.13% 60.00% 59.87% 59.74% 59.62% 59.50% 59.38% 59.27% 59.16% 59.05%
27 63.11% 62.90% 62.70% 62.50% 62.31% 62.12% 61.94% 61.76% 61.59% 61.43% 61.27% 61.11% 60.96% 60.81% 60.67% 60.53% 60.39% 60.26% 60.13% 60.00% 59.88% 59.76% 59.64% 59.52%
28 63.77% 63.55% 63.33% 63.13% 62.92% 62.73% 62.54% 62.35% 62.17% 62.00% 61.83% 61.67% 61.51% 61.35% 61.20% 61.05% 60.91% 60.77% 60.63% 60.50% 60.37% 60.24% 60.12% 60.00%
29 64.43% 64.19% 63.97% 63.75% 63.54% 63.33% 63.13% 62.94% 62.75% 62.57% 62.39% 62.22% 62.05% 61.89% 61.73% 61.58% 61.43% 61.28% 61.14% 61.00% 60.86% 60.73% 60.60% 60.48%
30 65.08% 64.84% 64.60% 64.37% 64.15% 63.94% 63.73% 63.53% 63.33% 63.14% 62.96% 62.78% 62.60% 62.43% 62.27% 62.11% 61.95% 61.79% 61.65% 61.50% 61.36% 61.22% 61.08% 60.95%
31 65.74% 65.48% 65.24% 65.00% 64.77% 64.55% 64.33% 64.12% 63.91% 63.71% 63.52% 63.33% 63.15% 62.97% 62.80% 62.63% 62.47% 62.31% 62.15% 62.00% 61.85% 61.71% 61.57% 61.43%
32 66.39% 66.13% 65.87% 65.62% 65.38% 65.15% 64.93% 64.71% 64.49% 64.29% 64.08% 63.89% 63.70% 63.51% 63.33% 63.16% 62.99% 62.82% 62.66% 62.50% 62.35% 62.20% 62.05% 61.90%
33 67.05% 66.77% 66.51% 66.25% 66.00% 65.76% 65.52% 65.29% 65.07% 64.86% 64.65% 64.44% 64.25% 64.05% 63.87% 63.68% 63.51% 63.33% 63.16% 63.00% 62.84% 62.68% 62.53% 62.38%
34 67.70% 67.42% 67.14% 66.87% 66.62% 66.36% 66.12% 65.88% 65.65% 65.43% 65.21% 65.00% 64.79% 64.59% 64.40% 64.21% 64.03% 63.85% 63.67% 63.50% 63.33% 63.17% 63.01% 62.86%
35 68.36% 68.06% 67.78% 67.50% 67.23% 66.97% 66.72% 66.47% 66.23% 66.00% 65.77% 65.56% 65.34% 65.14% 64.93% 64.74% 64.55% 64.36% 64.18% 64.00% 63.83% 63.66% 63.49% 63.33%
36 69.02% 68.71% 68.41% 68.12% 67.85% 67.58% 67.31% 67.06% 66.81% 66.57% 66.34% 66.11% 65.89% 65.68% 65.47% 65.26% 65.06% 64.87% 64.68% 64.50% 64.32% 64.15% 63.98% 63.81%
37 69.67% 69.35% 69.05% 68.75% 68.46% 68.18% 67.91% 67.65% 67.39% 67.14% 66.90% 66.67% 66.44% 66.22% 66.00% 65.79% 65.58% 65.38% 65.19% 65.00% 64.81% 64.63% 64.46% 64.29%
38 70.33% 70.00% 69.68% 69.37% 69.08% 68.79% 68.51% 68.24% 67.97% 67.71% 67.46% 67.22% 66.99% 66.76% 66.53% 66.32% 66.10% 65.90% 65.70% 65.50% 65.31% 65.12% 64.94% 64.76%
39 70.98% 70.65% 70.32% 70.00% 69.69% 69.39% 69.10% 68.82% 68.55% 68.29% 68.03% 67.78% 67.53% 67.30% 67.07% 66.84% 66.62% 66.41% 66.20% 66.00% 65.80% 65.61% 65.42% 65.24%
40 71.64% 71.29% 70.95% 70.62% 70.31% 70.00% 69.70% 69.41% 69.13% 68.86% 68.59% 68.33% 68.08% 67.84% 67.60% 67.37% 67.14% 66.92% 66.71% 66.50% 66.30% 66.10% 65.90% 65.71%
41 72.30% 71.94% 71.59% 71.25% 70.92% 70.61% 70.30% 70.00% 69.71% 69.43% 69.15% 68.89% 68.63% 68.38% 68.13% 67.89% 67.66% 67.44% 67.22% 67.00% 66.79% 66.59% 66.39% 66.19%
42 72.95% 72.58% 72.22% 71.87% 71.54% 71.21% 70.90% 70.59% 70.29% 70.00% 69.72% 69.44% 69.18% 68.92% 68.67% 68.42% 68.18% 67.95% 67.72% 67.50% 67.28% 67.07% 66.87% 66.67%
43 73.61% 73.23% 72.86% 72.50% 72.15% 71.82% 71.49% 71.18% 70.87% 70.57% 70.28% 70.00% 69.73% 69.46% 69.20% 68.95% 68.70% 68.46% 68.23% 68.00% 67.78% 67.56% 67.35% 67.14%
44 74.26% 73.87% 73.49% 73.12% 72.77% 72.42% 72.09% 71.76% 71.45% 71.14% 70.85% 70.56% 70.27% 70.00% 69.73% 69.47% 69.22% 68.97% 68.73% 68.50% 68.27% 68.05% 67.83% 67.62%
45 74.92% 74.52% 74.13% 73.75% 73.38% 73.03% 72.69% 72.35% 72.03% 71.71% 71.41% 71.11% 70.82% 70.54% 70.27% 70.00% 69.74% 69.49% 69.24% 69.00% 68.77% 68.54% 68.31% 68.10%
46 75.57% 75.16% 74.76% 74.37% 74.00% 73.64% 73.28% 72.94% 72.61% 72.29% 71.97% 71.67% 71.37% 71.08% 70.80% 70.53% 70.26% 70.00% 69.75% 69.50% 69.26% 69.02% 68.80% 68.57%
47 76.23% 75.81% 75.40% 75.00% 74.62% 74.24% 73.88% 73.53% 73.19% 72.86% 72.54% 72.22% 71.92% 71.62% 71.33% 71.05% 70.78% 70.51% 70.25% 70.00% 69.75% 69.51% 69.28% 69.05%
48 76.89% 76.45% 76.03% 75.62% 75.23% 74.85% 74.48% 74.12% 73.77% 73.43% 73.10% 72.78% 72.47% 72.16% 71.87% 71.58% 71.30% 71.03% 70.76% 70.50% 70.25% 70.00% 69.76% 69.52%
49 77.54% 77.10% 76.67% 76.25% 75.85% 75.45% 75.07% 74.71% 74.35% 74.00% 73.66% 73.33% 73.01% 72.70% 72.40% 72.11% 71.82% 71.54% 71.27% 71.00% 70.74% 70.49% 70.24% 70.00%
50 78.20% 77.74% 77.30% 76.87% 76.46% 76.06% 75.67% 75.29% 74.93% 74.57% 74.23% 73.89% 73.56% 73.24% 72.93% 72.63% 72.34% 72.05% 71.77% 71.50% 71.23% 70.98% 70.72% 70.48%
51 78.85% 78.39% 77.94% 77.50% 77.08% 76.67% 76.27% 75.88% 75.51% 75.14% 74.79% 74.44% 74.11% 73.78% 73.47% 73.16% 72.86% 72.56% 72.28% 72.00% 71.73% 71.46% 71.20% 70.95%
52 79.51% 79.03% 78.57% 78.12% 77.69% 77.27% 76.87% 76.47% 76.09% 75.71% 75.35% 75.00% 74.66% 74.32% 74.00% 73.68% 73.38% 73.08% 72.78% 72.50% 72.22% 71.95% 71.69% 71.43%
53 80.16% 79.68% 79.21% 78.75% 78.31% 77.88% 77.46% 77.06% 76.67% 76.29% 75.92% 75.56% 75.21% 74.86% 74.53% 74.21% 73.90% 73.59% 73.29% 73.00% 72.72% 72.44% 72.17% 71.90%
54 80.82% 80.32% 79.84% 79.37% 78.92% 78.48% 78.06% 77.65% 77.25% 76.86% 76.48% 76.11% 75.75% 75.41% 75.07% 74.74% 74.42% 74.10% 73.80% 73.50% 73.21% 72.93% 72.65% 72.38%
55 81.48% 80.97% 80.48% 80.00% 79.54% 79.09% 78.66% 78.24% 77.83% 77.43% 77.04% 76.67% 76.30% 75.95% 75.60% 75.26% 74.94% 74.62% 74.30% 74.00% 73.70% 73.41% 73.13% 72.86%
56 82.13% 81.61% 81.11% 80.62% 80.15% 79.70% 79.25% 78.82% 78.41% 78.00% 77.61% 77.22% 76.85% 76.49% 76.13% 75.79% 75.45% 75.13% 74.81% 74.50% 74.20% 73.90% 73.61% 73.33%
57 82.79% 82.26% 81.75% 81.25% 80.77% 80.30% 79.85% 79.41% 78.99% 78.57% 78.17% 77.78% 77.40% 77.03% 76.67% 76.32% 75.97% 75.64% 75.32% 75.00% 74.69% 74.39% 74.10% 73.81%
58 83.44% 82.90% 82.38% 81.87% 81.38% 80.91% 80.45% 80.00% 79.57% 79.14% 78.73% 78.33% 77.95% 77.57% 77.20% 76.84% 76.49% 76.15% 75.82% 75.50% 75.19% 74.88% 74.58% 74.29%
59 84.10% 83.55% 83.02% 82.50% 82.00% 81.52% 81.04% 80.59% 80.14% 79.71% 79.30% 78.89% 78.49% 78.11% 77.73% 77.37% 77.01% 76.67% 76.33% 76.00% 75.68% 75.37% 75.06% 74.76%
60 84.75% 84.19% 83.65% 83.12% 82.62% 82.12% 81.64% 81.18% 80.72% 80.29% 79.86% 79.44% 79.04% 78.65% 78.27% 77.89% 77.53% 77.18% 76.84% 76.50% 76.17% 75.85% 75.54% 75.24%
61 85.41% 84.84% 84.29% 83.75% 83.23% 82.73% 82.24% 81.76% 81.30% 80.86% 80.42% 80.00% 79.59% 79.19% 78.80% 78.42% 78.05% 77.69% 77.34% 77.00% 76.67% 76.34% 76.02% 75.71%
62 86.07% 85.48% 84.92% 84.37% 83.85% 83.33% 82.84% 82.35% 81.88% 81.43% 80.99% 80.56% 80.14% 79.73% 79.33% 78.95% 78.57% 78.21% 77.85% 77.50% 77.16% 76.83% 76.51% 76.19%
63 86.72% 86.13% 85.56% 85.00% 84.46% 83.94% 83.43% 82.94% 82.46% 82.00% 81.55% 81.11% 80.68% 80.27% 79.87% 79.47% 79.09% 78.72% 78.35% 78.00% 77.65% 77.32% 76.99% 76.67%
64 87.38% 86.77% 86.19% 85.62% 85.08% 84.55% 84.03% 83.53% 83.04% 82.57% 82.11% 81.67% 81.23% 80.81% 80.40% 80.00% 79.61% 79.23% 78.86% 78.50% 78.15% 77.80% 77.47% 77.14%
65 88.03% 87.42% 86.83% 86.25% 85.69% 85.15% 84.63% 84.12% 83.62% 83.14% 82.68% 82.22% 81.78% 81.35% 80.93% 80.53% 80.13% 79.74% 79.37% 79.00% 78.64% 78.29% 77.95% 77.62%
66 88.69% 88.06% 87.46% 86.87% 86.31% 85.76% 85.22% 84.71% 84.20% 83.71% 83.24% 82.78% 82.33% 81.89% 81.47% 81.05% 80.65% 80.26% 79.87% 79.50% 79.14% 78.78% 78.43% 78.10%
67 89.34% 88.71% 88.10% 87.50% 86.92% 86.36% 85.82% 85.29% 84.78% 84.29% 83.80% 83.33% 82.88% 82.43% 82.00% 81.58% 81.17% 80.77% 80.38% 80.00% 79.63% 79.27% 78.92% 78.57%
68 90.00% 89.35% 88.73% 88.12% 87.54% 86.97% 86.42% 85.88% 85.36% 84.86% 84.37% 83.89% 83.42% 82.97% 82.53% 82.11% 81.69% 81.28% 80.89% 80.50% 80.12% 79.76% 79.40% 79.05%
69 90.00% 90.00% 89.37% 88.75% 88.15% 87.58% 87.01% 86.47% 85.94% 85.43% 84.93% 84.44% 83.97% 83.51% 83.07% 82.63% 82.21% 81.79% 81.39% 81.00% 80.62% 80.24% 79.88% 79.52%
70 90.00% 90.00% 89.37% 88.77% 88.18% 87.61% 87.06% 86.52% 86.00% 85.49% 85.00% 84.52% 84.05% 83.60% 83.16% 82.73% 82.31% 81.90% 81.50% 81.11% 80.73% 80.36% 80.00%
71 90.00% 90.00% 89.38% 88.79% 88.21% 87.65% 87.10% 86.57% 86.06% 85.56% 85.07% 84.59% 84.13% 83.68% 83.25% 82.82% 82.41% 82.00% 81.60% 81.22% 80.84% 80.48%
72 90.00% 90.00% 89.39% 88.81% 88.24% 87.68% 87.14% 86.62% 86.11% 85.62% 85.14% 84.67% 84.21% 83.77% 83.33% 82.91% 82.50% 82.10% 81.71% 81.33% 80.95%
73 90.00% 90.00% 89.40% 88.82% 88.26% 87.71% 87.18% 86.67% 86.16% 85.68% 85.20% 84.74% 84.29% 83.85% 83.42% 83.00% 82.59% 82.20% 81.81% 81.43%
74 90.00% 90.00% 89.41% 88.84% 88.29% 87.75% 87.22% 86.71% 86.22% 85.73% 85.26% 84.81% 84.36% 83.92% 83.50% 83.09% 82.68% 82.29% 81.90%
75 90.00% 90.00% 89.42% 88.86% 88.31% 87.78% 87.26% 86.76% 86.27% 85.79% 85.32% 84.87% 84.43% 84.00% 83.58% 83.17% 82.77% 82.38%
76 90.00% 90.00% 89.43% 88.87% 88.33% 87.81% 87.30% 86.80% 86.32% 85.84% 85.38% 84.94% 84.50% 84.07% 83.66% 83.25% 82.86%
77 90.00% 90.00% 89.44% 88.89% 88.36% 87.84% 87.33% 86.84% 86.36% 85.90% 85.44% 85.00% 84.57% 84.15% 83.73% 83.33%
78 90.00% 90.00% 89.44% 88.90% 88.38% 87.87% 87.37% 86.88% 86.41% 85.95% 85.50% 85.06% 84.63% 84.22% 83.81%
79 90.00% 90.00% 89.45% 88.92% 88.40% 87.89% 87.40% 86.92% 86.46% 86.00% 85.56% 85.12% 84.70% 84.29%
80 90.00% 90.00% 89.46% 88.93% 88.42% 87.92% 87.44% 86.96% 86.50% 86.05% 85.61% 85.18% 84.76%
81 90.00% 90.00% 89.47% 88.95% 88.44% 87.95% 87.47% 87.00% 86.54% 86.10% 85.66% 85.24%
82 90.00% 90.00% 89.47% 88.96% 88.46% 87.97% 87.50% 87.04% 86.59% 86.14% 85.71%

LIC's Jeevan Umang Page 22 of 26 Plan No.- 945

n[a{eï>-4 / Annexure - 4
Hw$b ^wJVmZ H$s JB© àr{_`_m| na bmJy Jma§Q>rH¥$V Aä`n©U _yë` KQ>H$
Guaranteed Surrender Value factors applicable to total premiums paid
nm°{bgr nm°{bgr Ad{Y / Policy Term "
df©
Policy
Year 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92
83 90.00% 90.00% 89.48% 88.97% 88.48% 88.00% 87.53% 87.07% 86.63% 86.19%
84 90.00% 90.00% 89.49% 88.99% 88.50% 88.02% 87.56% 87.11% 86.67%
85 90.00% 90.00% 89.49% 89.00% 88.52% 88.05% 87.59% 87.14%
86 90.00% 90.00% 89.50% 89.01% 88.54% 88.07% 87.62%
87 90.00% 90.00% 89.51% 89.02% 88.55% 88.10%
88 90.00% 90.00% 89.51% 89.04% 88.57%
89 90.00% 90.00% 89.52% 89.05%
90 90.00% 90.00% 89.52%
91 90.00% 90.00%
92 90.00%
93
94
95
96
97
98
99
100

nm°{bgr nm°{bgr Ad{Y / Policy Term " nm°{bgr nm°{bgr Ad{Y / Policy Term "
df© df©
Policy Policy
Year 93 94 95 96 97 98 99 100 Year 93 94 95 96 97 98 99 100
1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 59 74.47% 74.19% 73.91% 73.64% 73.37% 73.11% 72.86% 72.61%
2 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 60 74.94% 74.65% 74.37% 74.09% 73.82% 73.56% 73.30% 73.04%
3 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 61 75.41% 75.12% 74.83% 74.55% 74.27% 74.00% 73.74% 73.48%
4 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 62 75.88% 75.58% 75.29% 75.00% 74.72% 74.44% 74.18% 73.91%
5 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 63 76.35% 76.05% 75.75% 75.45% 75.17% 74.89% 74.62% 74.35%
6 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 64 76.82% 76.51% 76.21% 75.91% 75.62% 75.33% 75.05% 74.78%
7 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 65 77.29% 76.98% 76.67% 76.36% 76.07% 75.78% 75.49% 75.22%
8 50.47% 50.47% 50.46% 50.45% 50.45% 50.44% 50.44% 50.43% 66 77.76% 77.44% 77.13% 76.82% 76.52% 76.22% 75.93% 75.65%
9 50.94% 50.93% 50.92% 50.91% 50.90% 50.89% 50.88% 50.87% 67 78.24% 77.91% 77.59% 77.27% 76.97% 76.67% 76.37% 76.09%
10 51.41% 51.40% 51.38% 51.36% 51.35% 51.33% 51.32% 51.30% 68 78.71% 78.37% 78.05% 77.73% 77.42% 77.11% 76.81% 76.52%
11 51.88% 51.86% 51.84% 51.82% 51.80% 51.78% 51.76% 51.74% 69 79.18% 78.84% 78.51% 78.18% 77.87% 77.56% 77.25% 76.96%
12 52.35% 52.33% 52.30% 52.27% 52.25% 52.22% 52.20% 52.17% 70 79.65% 79.30% 78.97% 78.64% 78.31% 78.00% 77.69% 77.39%
13 52.82% 52.79% 52.76% 52.73% 52.70% 52.67% 52.64% 52.61% 71 80.12% 79.77% 79.43% 79.09% 78.76% 78.44% 78.13% 77.83%
14 53.29% 53.26% 53.22% 53.18% 53.15% 53.11% 53.08% 53.04% 72 80.59% 80.23% 79.89% 79.55% 79.21% 78.89% 78.57% 78.26%
15 53.76% 53.72% 53.68% 53.64% 53.60% 53.56% 53.52% 53.48% 73 81.06% 80.70% 80.34% 80.00% 79.66% 79.33% 79.01% 78.70%
16 54.24% 54.19% 54.14% 54.09% 54.04% 54.00% 53.96% 53.91% 74 81.53% 81.16% 80.80% 80.45% 80.11% 79.78% 79.45% 79.13%
17 54.71% 54.65% 54.60% 54.55% 54.49% 54.44% 54.40% 54.35% 75 82.00% 81.63% 81.26% 80.91% 80.56% 80.22% 79.89% 79.57%
18 55.18% 55.12% 55.06% 55.00% 54.94% 54.89% 54.84% 54.78% 76 82.47% 82.09% 81.72% 81.36% 81.01% 80.67% 80.33% 80.00%
19 55.65% 55.58% 55.52% 55.45% 55.39% 55.33% 55.27% 55.22% 77 82.94% 82.56% 82.18% 81.82% 81.46% 81.11% 80.77% 80.43%
20 56.12% 56.05% 55.98% 55.91% 55.84% 55.78% 55.71% 55.65% 78 83.41% 83.02% 82.64% 82.27% 81.91% 81.56% 81.21% 80.87%
21 56.59% 56.51% 56.44% 56.36% 56.29% 56.22% 56.15% 56.09% 79 83.88% 83.49% 83.10% 82.73% 82.36% 82.00% 81.65% 81.30%
22 57.06% 56.98% 56.90% 56.82% 56.74% 56.67% 56.59% 56.52% 80 84.35% 83.95% 83.56% 83.18% 82.81% 82.44% 82.09% 81.74%
23 57.53% 57.44% 57.36% 57.27% 57.19% 57.11% 57.03% 56.96% 81 84.82% 84.42% 84.02% 83.64% 83.26% 82.89% 82.53% 82.17%
24 58.00% 57.91% 57.82% 57.73% 57.64% 57.56% 57.47% 57.39% 82 85.29% 84.88% 84.48% 84.09% 83.71% 83.33% 82.97% 82.61%
25 58.47% 58.37% 58.28% 58.18% 58.09% 58.00% 57.91% 57.83% 83 85.76% 85.35% 84.94% 84.55% 84.16% 83.78% 83.41% 83.04%
26 58.94% 58.84% 58.74% 58.64% 58.54% 58.44% 58.35% 58.26% 84 86.24% 85.81% 85.40% 85.00% 84.61% 84.22% 83.85% 83.48%
27 59.41% 59.30% 59.20% 59.09% 58.99% 58.89% 58.79% 58.70% 85 86.71% 86.28% 85.86% 85.45% 85.06% 84.67% 84.29% 83.91%
28 59.88% 59.77% 59.66% 59.55% 59.44% 59.33% 59.23% 59.13% 86 87.18% 86.74% 86.32% 85.91% 85.51% 85.11% 84.73% 84.35%
29 60.35% 60.23% 60.11% 60.00% 59.89% 59.78% 59.67% 59.57% 87 87.65% 87.21% 86.78% 86.36% 85.96% 85.56% 85.16% 84.78%
30 60.82% 60.70% 60.57% 60.45% 60.34% 60.22% 60.11% 60.00% 88 88.12% 87.67% 87.24% 86.82% 86.40% 86.00% 85.60% 85.22%
31 61.29% 61.16% 61.03% 60.91% 60.79% 60.67% 60.55% 60.43% 89 88.59% 88.14% 87.70% 87.27% 86.85% 86.44% 86.04% 85.65%
32 61.76% 61.63% 61.49% 61.36% 61.24% 61.11% 60.99% 60.87% 90 89.06% 88.60% 88.16% 87.73% 87.30% 86.89% 86.48% 86.09%
33 62.24% 62.09% 61.95% 61.82% 61.69% 61.56% 61.43% 61.30% 91 89.53% 89.07% 88.62% 88.18% 87.75% 87.33% 86.92% 86.52%
34 62.71% 62.56% 62.41% 62.27% 62.13% 62.00% 61.87% 61.74% 92 90.00% 89.53% 89.08% 88.64% 88.20% 87.78% 87.36% 86.96%
35 63.18% 63.02% 62.87% 62.73% 62.58% 62.44% 62.31% 62.17% 93 90.00% 90.00% 89.54% 89.09% 88.65% 88.22% 87.80% 87.39%
36 63.65% 63.49% 63.33% 63.18% 63.03% 62.89% 62.75% 62.61% 94 90.00% 90.00% 89.55% 89.10% 88.67% 88.24% 87.83%
37 64.12% 63.95% 63.79% 63.64% 63.48% 63.33% 63.19% 63.04% 95 90.00% 90.00% 89.55% 89.11% 88.68% 88.26%
38 64.59% 64.42% 64.25% 64.09% 63.93% 63.78% 63.63% 63.48% 96 90.00% 90.00% 89.56% 89.12% 88.70%
39 65.06% 64.88% 64.71% 64.55% 64.38% 64.22% 64.07% 63.91% 97 90.00% 90.00% 89.56% 89.13%
40 65.53% 65.35% 65.17% 65.00% 64.83% 64.67% 64.51% 64.35% 98 90.00% 90.00% 89.57%
41 66.00% 65.81% 65.63% 65.45% 65.28% 65.11% 64.95% 64.78% 99 90.00% 90.00%
42 66.47% 66.28% 66.09% 65.91% 65.73% 65.56% 65.38% 65.22% 100 90.00%
43 66.94% 66.74% 66.55% 66.36% 66.18% 66.00% 65.82% 65.65%
44 67.41% 67.21% 67.01% 66.82% 66.63% 66.44% 66.26% 66.09%
45 67.88% 67.67% 67.47% 67.27% 67.08% 66.89% 66.70% 66.52%
46 68.35% 68.14% 67.93% 67.73% 67.53% 67.33% 67.14% 66.96%
47 68.82% 68.60% 68.39% 68.18% 67.98% 67.78% 67.58% 67.39%
48 69.29% 69.07% 68.85% 68.64% 68.43% 68.22% 68.02% 67.83%
49 69.76% 69.53% 69.31% 69.09% 68.88% 68.67% 68.46% 68.26%
50 70.24% 70.00% 69.77% 69.55% 69.33% 69.11% 68.90% 68.70%
51 70.71% 70.47% 70.23% 70.00% 69.78% 69.56% 69.34% 69.13%
52 71.18% 70.93% 70.69% 70.45% 70.22% 70.00% 69.78% 69.57%
53 71.65% 71.40% 71.15% 70.91% 70.67% 70.44% 70.22% 70.00%
54 72.12% 71.86% 71.61% 71.36% 71.12% 70.89% 70.66% 70.43%
55 72.59% 72.33% 72.07% 71.82% 71.57% 71.33% 71.10% 70.87%
56 73.06% 72.79% 72.53% 72.27% 72.02% 71.78% 71.54% 71.30%
57 73.53% 73.26% 72.99% 72.73% 72.47% 72.22% 71.98% 71.74%
58 74.00% 73.72% 73.45% 73.18% 72.92% 72.67% 72.42% 72.17%

LIC's Jeevan Umang Page 23 of 26 Plan No.- 945

n[a{eï>-5 / Annexure - 5
Jma§Q>rH¥$V Aä`n©U _yë` H$maH$ {Z{hV ~moZg Ho$ {bE bmJy
Guaranteed Surrender Value factors applicable to vested bonuses
nm°{bgr nm°{bgr Ad{Y / Policy Term "
df©
Policy
Year 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68
1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
3 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89%
4 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23%
5 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57%
6 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91%
7 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25%
8 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59%
9 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93%
10 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27%
11 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61%
12 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95%
13 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29%
14 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63%
15 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97%
16 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31%
17 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65%
18 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99%
19 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33%
20 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67%
21 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01%
22 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35%
23 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69%
24 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03%
25 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37%
26 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71%
27 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05%
28 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39%
29 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73%
30 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07%
31 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41%
32 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75%
33 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09%
34 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43%
35 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77%
36 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11%
37 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45%
38 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79%
39 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13%
40 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47%
41 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81%
42 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15%
43 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49%
44 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84%
45 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18%
46 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52%
47 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86%
48 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20%
49 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54%
50 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88%
51 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22%
52 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56%
53 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90%
54 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24%
55 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58%
56 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92%
57 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26%
58 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60%
59 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94%
60 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28%
61 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62%
62 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96%
63 35.00% 34.66% 34.32% 33.98% 33.64% 33.30%
64 35.00% 34.66% 34.32% 33.98% 33.64%
65 35.00% 34.66% 34.32% 33.98%
66 35.00% 34.66% 34.32%
67 35.00% 34.66%
68 35.00%
69
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LIC's Jeevan Umang Page 24 of 26 Plan No.- 945

n[a{eï>-5 / Annexure-5
{Z{hV ~moZg Ho$ {bE bmJy Jma§Q>rH¥$V Aä`n©U _yë` H$maH$
Guaranteed Surrender Value factors applicable to vested bonuses
nm°{bgr nm°{bgr Ad{Y / Policy Term "
df©
Policy
Year 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92
1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
3 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 6.08% 5.74% 5.40% 5.06% 4.72%
4 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 6.08% 5.74% 5.40% 5.06%
5 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 6.08% 5.74% 5.40%
6 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 6.08% 5.74%
7 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 6.08%
8 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42%
9 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76%
10 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10%
11 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44%
12 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78%
13 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12%
14 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46%
15 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80%
16 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14%
17 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48%
18 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82%
19 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16%
20 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51%
21 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85%
22 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19%
23 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53%
24 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87%
25 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21%
26 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55%
27 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89%
28 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23%
29 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57%
30 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91%
31 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25%
32 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59%
33 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93%
34 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27%
35 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61%
36 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95%
37 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29%
38 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63%
39 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97%
40 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31%
41 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65%
42 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99%
43 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33%
44 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67%
45 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01%
46 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35%
47 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69%
48 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03%
49 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37%
50 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71%
51 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05%
52 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39%
53 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73%
54 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07%
55 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41%
56 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75%
57 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09%
58 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43%
59 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77%
60 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11%
61 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45%
62 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79%
63 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13%
64 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47%
65 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81%
66 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15%
67 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49%
68 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84%
69 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18%
70 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52%
71 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86%
72 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20%
73 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54%
74 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88%
75 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22%
76 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56%
77 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90%
78 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24%
79 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58%
80 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92%
81 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26%
82 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60%

LIC's Jeevan Umang Page 25 of 26 Plan No.- 945

n[a{eï>-5 / Annexure-5
{Z{hV ~moZg Ho$ {bE bmJy Jma§Q>rH¥$V Aä`n©U _yë` H$maH$
Guaranteed Surrender Value factors applicable to vested bonuses
nm°{bgr nm°{bgr Ad{Y / Policy Term "
df©
Policy
Year 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92
83 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94%
84 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28%
85 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62%
86 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96%
87 35.00% 34.66% 34.32% 33.98% 33.64% 33.30%
88 35.00% 34.66% 34.32% 33.98% 33.64%
89 35.00% 34.66% 34.32% 33.98%
90 35.00% 34.66% 34.32%
91 35.00% 34.66%
92 35.00%
93
94
95
96
97
98
99
100

nm°{bgr nm°{bgr Ad{Y / Policy Term " nm°{bgr nm°{bgr Ad{Y / Policy Term "
df© df©
Policy Policy
Year 93 94 95 96 97 98 99 100 Year 93 94 95 96 97 98 99 100
1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 59 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05%
2 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 60 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73% 21.39%
3 4.38% 4.04% 3.70% 3.36% 3.02% 2.68% 2.34% 2.00% 61 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07% 21.73%
4 4.72% 4.38% 4.04% 3.70% 3.36% 3.02% 2.68% 2.34% 62 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41% 22.07%
5 5.06% 4.72% 4.38% 4.04% 3.70% 3.36% 3.02% 2.68% 63 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75% 22.41%
6 5.40% 5.06% 4.72% 4.38% 4.04% 3.70% 3.36% 3.02% 64 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09% 22.75%
7 5.74% 5.40% 5.06% 4.72% 4.38% 4.04% 3.70% 3.36% 65 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43% 23.09%
8 6.08% 5.74% 5.40% 5.06% 4.72% 4.38% 4.04% 3.70% 66 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77% 23.43%
9 6.42% 6.08% 5.74% 5.40% 5.06% 4.72% 4.38% 4.04% 67 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11% 23.77%
10 6.76% 6.42% 6.08% 5.74% 5.40% 5.06% 4.72% 4.38% 68 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45% 24.11%
11 7.10% 6.76% 6.42% 6.08% 5.74% 5.40% 5.06% 4.72% 69 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79% 24.45%
12 7.44% 7.10% 6.76% 6.42% 6.08% 5.74% 5.40% 5.06% 70 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13% 24.79%
13 7.78% 7.44% 7.10% 6.76% 6.42% 6.08% 5.74% 5.40% 71 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47% 25.13%
14 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 6.08% 5.74% 72 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81% 25.47%
15 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 6.08% 73 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15% 25.81%
16 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 6.42% 74 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49% 26.15%
17 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 6.76% 75 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84% 26.49%
18 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 7.10% 76 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18% 26.84%
19 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 7.44% 77 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52% 27.18%
20 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 7.78% 78 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86% 27.52%
21 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 8.12% 79 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20% 27.86%
22 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 8.46% 80 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54% 28.20%
23 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 8.80% 81 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88% 28.54%
24 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 9.14% 82 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22% 28.88%
25 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 9.48% 83 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56% 29.22%
26 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 9.82% 84 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90% 29.56%
27 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 10.16% 85 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24% 29.90%
28 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 10.51% 86 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58% 30.24%
29 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 10.85% 87 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92% 30.58%
30 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 11.19% 88 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26% 30.92%
31 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 11.53% 89 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60% 31.26%
32 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 11.87% 90 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94% 31.60%
33 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 12.21% 91 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28% 31.94%
34 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 12.55% 92 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62% 32.28%
35 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 12.89% 93 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96% 32.62%
36 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 13.23% 94 35.00% 34.66% 34.32% 33.98% 33.64% 33.30% 32.96%
37 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 13.57% 95 35.00% 34.66% 34.32% 33.98% 33.64% 33.30%
38 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 13.91% 96 35.00% 34.66% 34.32% 33.98% 33.64%
39 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 14.25% 97 35.00% 34.66% 34.32% 33.98%
40 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 14.59% 98 35.00% 34.66% 34.32%
41 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 14.93% 99 35.00% 34.66%
42 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61% 15.27% 100 35.00%
43 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95% 15.61%
44 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29% 15.95%
45 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63% 16.29%
46 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97% 16.63%
47 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31% 16.97%
48 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65% 17.31%
49 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99% 17.65%
50 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33% 17.99%
51 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67% 18.33%
52 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01% 18.67%
53 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35% 19.01%
54 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69% 19.35%
55 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03% 19.69%
56 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37% 20.03%
57 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71% 20.37%
58 23.09% 22.75% 22.41% 22.07% 21.73% 21.39% 21.05% 20.71%

LIC's Jeevan Umang Page 26 of 26 Plan No.- 945