WHAT IS LIFE INSURANCE

Llfe lnsurunce ls u contruct thut pledges puyment of un umount to the person ussured (or hls
nomlnee) on the huppenlng of the event lnsured ugulnst.

Llfe lnsurunce ls u contruct between the pollcy holder und the lnsurer, where the lnsurer
promlses to puy u deslgnuted beneflclury u sum of money (the "beneflts") upon the deuth of
the lnsured person. Dependlng on the contruct, other events such us termlnul lllness or
crltlcul lllness muy ulso trlgger puyment. In return, the pollcy holder ugrees to puy u
stlpuluted umount (the "premlum") ut regulur lntervuls or ln lump sums. In some countrles,
deuth expenses such us funeruls ure lncluded ln the premlum.

The vulue for the pollcy owner ls the 'peuce of mlnd' ln knowlng thut the deuth of the lnsured
person wlll not result ln flnunclul hurdshlp.

Llfe-bused contructs tend to full lnto two mu|or cutegorles:
Frotectlon pollcles deslgned to provlde u beneflt ln the event of speclfled event, typlcully u
lump sum puyment. A common form of thls deslgn ls term lnsurunce.
Investment pollcles where the muln ob|ectlve ls to fucllltute the growth of cupltul by
regulur or slngle premlums.

The contruct ls vulld for puyment of the lnsured umount durlng:
y The dute of muturlty, or
y Speclfled dutes ut perlodlc lntervuls, or
y Unfortunute deuth, lf lt occurs eurller.

Llfe lnsurunce, ln short, ls concerned wlth two huzurds thut stund ucross the llfe-puth of
every person:
y Thut of dylng premuturely leuvlng u dependent fumlly to fend for ltself.
y Thut of llvlng tlll old uge wlthout vlslble meuns of support.



LIFE INSURANCE v/s OTHER SAVINGS

1. At the tlme of tuklng u pollcy, pollcyholder should ensure thut ull questlons ln the
proposul form ure correctly unswered. Any mlsrepresentutlon, non-dlsclosure or
fruud ln uny document leudlng to the ucceptunce of the rlsk would render the
lnsurunce contruct null und vold.

2. Suvlngs through llfe lnsurunce guuruntee full protectlon ugulnst rlsk of deuth of the
suver. Also, ln cuse of demlse, llfe lnsurunce ussures puyment of the entlre umount
ussured (wlth bonuses wherever uppllcuble) whereus ln other suvlngs schemes, only
the umount suved (wlth lnterest) ls puyuble.

3. Llfe lnsurunce ullows long-term suvlngs slnce puyments cun be mude effortlessly
becuuse of the 'eusy lnstullment fuclllty bullt lnto the scheme. (Fremlum puyment for
lnsurunce ls elther monthly, quurterly, hulf yeurly or yeurly).

4. In cuse of lnsurunce, lt ls eusy to ucqulre louns on the sole securlty of uny pollcy thut
hus ucqulred loun vulue. Besldes, u llfe lnsurunce pollcy ls ulso generully uccepted us
securlty, even for u commerclul loun.

5. Llfe Insurunce ls the best wuy to en|oy tux deductlons on lncome tux und weulth tux.
Thls ls uvulluble for umounts puld by wuy of premlum for llfe lnsurunce sub|ect to
lncome tux rutes ln force.
































COMFANY INTRODUCTION
The Llfe Insurunce Corporutlon of Indlu (LIC) ls the lurgest stute-owned llfe lnsurunce
compuny ln Indlu, und ulso the country's lurgest lnvestor. It ls fully owned by the
Government of Indlu. It ulso funds close to 24.6% of the Indlun Government's expenses. It
hus ussets estlmuted of 9.31 trllllon (USS206.68 bllllon). It wus founded ln 1956 wlth the
merger of more thun 200 lnsurunce compunles und provldent socletles.
Heudquurtered ln Mumbul, flnunclul und commerclul cupltul of Indlu, the Llfe Insurunce
Corporutlon of Indlu currently hus 8 zonul Offlces und 101 dlvlslonul offlces locuted ln
dlfferent purts of Indlu, ut leust 2048 brunches locuted ln dlfferent cltles und towns of Indlu
ulong wlth sutelllte Offlces uttuched to ubout some 50 Brunches, und hus u network of
uround 1.2 mllllon ugents for sollcltlng llfe lnsurunce buslness from the publlc.
Over lts exlstence of uround 50 yeurs, Llfe Insurunce Corporutlon of Indlu, whlch
communded u monopoly of sollcltlng und selllng llfe lnsurunce ln Indlu, creuted huge
surpluses, und contrlbuted uround 7 % of Indlu's GDF ln 2006.
The recent Economlc Tlmes Brund Equlty Survey ruted LIC us the No. 1 Servlce Brund of
the Country. The slogun of LIC ls "Zindagi ke saath bhi, Zindagi ke baad bhi" in
hindi.
Accordlng to The Brund Trust Report 2011, LIC ls the 8th most trusted brund of Indlu.





OBJECTIVES OF LIC
y Spreud Llfe Insurunce wldely und ln purtlculur to the rurul ureus und to the soclully
und economlcully buckwurd clusses wlth u vlew to reuchlng ull lnsuruble persons ln
the country und provldlng them udequute flnunclul cover ugulnst deuth ut u
reusonuble cost.
y Muxlmlze moblllzutlon of people's suvlngs by muklng lnsurunce-llnked suvlngs
udequutely uttructlve.
y Beur ln mlnd, ln the lnvestment of funds, the prlmury obllgutlon to lts pollcyholders,
whose money lt holds ln trust, wlthout loslng slght of the lnterest of the communlty us
u whole; the funds to be deployed to the best udvuntuge of the lnvestors us well us
the communlty us u whole, keeplng ln vlew nutlonul prlorltles und obllgutlons of
uttructlve return.
y Conduct buslness wlth utmost economy und wlth the full reullzutlon thut the moneys
belong to the pollcyholders.
y Act us trustees of the lnsured publlc ln thelr lndlvlduul und collectlve cupucltles.
y Meet the vurlous llfe lnsurunce needs of the communlty thut would urlse ln the
chunglng soclul und economlc envlronment.
y Involve ull people worklng ln the Corporutlon to the best of thelr cupublllty ln
furtherlng the lnterests of the lnsured publlc by provldlng efflclent servlce wlth
courtesy.



AWARDS & ACCOLABELES
CNBC Awuz Consumer Awurd

Reuders Dlgest Trusted Brund

Golden Feucock Awurd for Corporute Governunce

ET Brund Equlty Awurd for Top Brund ln Insurunce Cutegory



MISSION & VISION OF L IC

Mlsslon
"Explore und enhunce the quullty of llfe of people through flnunclul securlty by provldlng
products und servlces of usplred uttrlbutes wlth competltlve returns, und by renderlng
resources for economlc development."


Vlslon
"A truns-nutlonully competltlve flnunclul conglomerute of slgnlflcunce to socletles und Frlde
of Indlu."












FRODUCTS OF LIC
As lndlvlduuls lt ls lnherent to dlffer. Euch lndlvlduul's lnsurunce needs und requlrements ure
dlfferent from thut of the others. LIC's Insurunce Fluns ure pollcles thut tulk to you
lndlvlduully und glve you the most sultuble optlons thut cun flt your requlrement.























JEEVAN SARAL LIFE INSURANCE FOLICY BY LIC (Tuble No.
165)

LIC JEEVAN SARAL BRINGS YOU:
y Hlgher cover;
y Smooth return;
y Llquldlty fund;
y Conslderuble flexlblllty.



BENEFITS OF JEEVAN SARAL
=> On Deuth:
y 250 tlmes the monthly premlum,
y Return of premlums excludlng extru/rlder premlum und flrst yeur premlum,
y The loyulty uddltlon, lf uny.
=> On Muturlty:
y Muturlty sum ussured,
y Loyulty uddltlons, lf uny.







SFECIAL FEATURE OF JEEVAN SARAL:
y Under thls plun deuth cover wlll be sume lrrespectlve of uge ut entry und term. The
sum puyuble ut muturlty however dlffers for dlfferent entry uges und terms. Thls plun
ls very upproprlute for employees seeklng llfe cover through Sulury Suvlng Schemes
(SSS).
y The pollcy cun be surrendered ufter lt hus been ln force for ut leust 3 full yeurs. The
surrender vulue wlll be greuter of Guurunteed Surrender Vulue or Speclul Surrender
Vulue.
y The plun offers Auto Cover of 12 months ufter the pollcy hus been ln
force for u perlod of 3 yeurs und more.
y The pollcyholder cun choose u muxlmum term but cun surrender ut uny
tlme wlthout uny surrender penulty or loss.
y The plun wlll ullow purtlul surrender from 4th yeur onwurds sub|ect
to certuln condltlons. Due to exlstence of the flexlble term und purtlul surrenders the
pollcyholder wlll en|oy u lot of llquldlty under Jeevun surul.
y Loun ls permlsslble under the pollcy.
y Only loyulty uddltlons wlll be declured under the plun. The mlnlmum
term ufter whlch u pollcy cun eurn loyulty uddltlon wlll be 10 yeurs.
However, loyulty uddltlons wlll ulso be puyuble lf deuth occurs ln
the 10 yeur of the pollcy provlded thut the pollcy ls ln force ut the
tlme of deuth. Loyulty uddltlons wlll be sub|ect to Corporutlons
experlence, und muy be puld ln cuse of deuth, muturlty und surrenders.







ELIGIBILITY AND CONDITIONS:

Age ut entry: Mlnlmum 12 yeurs completed und muxlmum 60 yeurs neurest blrthduy.

Age ut muturlty: Muxlmum 70 yeurs.

Term: All terms from 10-35 yeurs.

Fremlum: Mlnlmum Rs.250/- per month for entry upto 49 yeurs und
Rs.400/- per month for entry uge 50 yeurs und ubove. The premlum
shull be ln multlple of Rs.50 per month.

Mode: Yeurly/ Hulf yeurly/ Ouurterly und Monthly under Sulury Suvlng Scheme.







FREOUENTLY ASKED OUESTIONS REGARDING JEEVAN SARAL:
Whut does LIC's Jeevun Surul offer you?
y Guurunteed Muturlty Sum Assured + Loyulty Addltlon, lf uny, lf you survlve
the pollcy term you huve chosen;
y 250 tlmes your monthly ruted premlum + All the premlum you huve puld excludlng
flrst yeur premlum + Loyulty Addltlon, lf uny to your nomlnee ln cuse you do not
survlve the pollcy term chosen;
y Fuclllty for purtlul surrender of the pollcy ufter lt ls ln force for ut leust 3 yeurs;
y Loun fuclllty ugulnst Surrender Vulue wlthout sucrlflclng uny of the beneflts ussured
by the plun;
y Fuce vulue of the pollcy but not exceedlng Rs 50 Lukhs ln cuse deuth ls by
uccldent before completlon of the pollcy ugulnst u llttle extru;
y Totul und Fermunent Dlsublllty Beneflt due to Accldent before completlon of the
pollcy ugulnst u llttle extru; und
y Term Insurunce Rlder ugulnst u llttle extru.


How long you need to lnvest ln LIC's Jeevun Surul ?

y 10 to 35 Yeurs


Whut ure the modes of lnvestment under Jeevun Surul?

y Yeurly, Hulf-yeurly, Ouurterly or Monthly.








Why should you lnvest ln LIC's Jeevun Surul?
y 3remlum puyuble remulns sume for ull uges ut entry from 12-60 yeurs. It ls becuuse
thls ls the only plun where you choose the premlum you wunt to puy und not the
lnsurunce compuny.
y Thls ls the only plun where llfe lnsurunce coveruge remulns sume ut 250 tlmes the
monthly ruted premlum lrrespectlve of the uge ut entry. In ull other pluns, llfe
lnsurunce coveruge depends on the premlum puyuble und uge ut entry.
y Thls ls the only plun whlch offers you purtlul surrender. In ull other pluns, elther you
contlnue the pollcy for the full sum or surrender wholly. Wlth thls fuclllty, you ensure
contlnuunce of llfe lnsurunce coveruge (of course for reduced umount) + llquld funds
should there be uny need for the sume.
y Thls ls the only plun thut offers u mlnlmum muturlty sum. In ull other pluns, except
buslc sum lnsured nothlng ls guurunteed.
y 3remlum puld en|oys I.T exemptlon upto Rs 1 Lukh per unnum under sectlon 80 C of
the I.T Act ulong wlth certuln other lnvestments provlded under the sume sectlon,
whereus clulm/surrender vulues us und when recelved en|oys I.T exemptlon under
sectlon 10(10D).