Risk cover and savings through equity based investment Choice of select stocks of NIFTYS0 & NIFTY100 Index through 2 funds(Flexi Smart Growth Fund and Flexi Growth Fund) Refund of Mortality Charges on Maturity Attractive Guaranteed Additions at different intervals Higher additions for Higher premiums Liquidity through partial withdrawal Premium as low as Rs 2500 per month Accident Benefit Rider Tax free returns for annualized premium upto 2.5 lacs in ULIP (Finance act 2021) Choice of premium’ risk cover! policy and premium paying term © scanned with OKEN ScannerBrees ase |Age at Entry Basic Sum Assured Age Eligibility as per sum | 20 Days (completed) To Rermeal 50 years (nearer bicthday) 1 years (nearer birthday) To 60 years (nearer birthday) 7 times OR 10 times of Annualized Premium 7 times of Annualized premium Min Maturity Age 78 yrs completed 75 yrs nearer binhday 70 times of Annualized premium ‘Max Maturity Age '85 yrs nearer birthday T times of Annualized premium oly Term dependngion [Tether Rs A000 ist yea ee Rs 48,000 and above 10 to 25 years Premium Paying Term ‘Same as Polcy Term Premium Paying Mode ‘Yeary/Half YeariyiQuaririy/Morthly (NACH) Minimum Premium, depending |Mode/Premium Payment frequency | Premium Amount in Rs.) ‘on mode of premium payment [Yearly 30,000/-(Mulples of Rs 10002) Haltyearly 75,0007. (Multiples of Rs 500-) ‘Quarry 7,500/- (Mutples of Rs 250/-) Monthly (NACH 2.500/- (Multiples of Rs 2507) ‘Maximum Premium No Limit © scanned with OKEN ScannerPLAN BENEFITS A) DEATH BENEFITS: + Before Commencement of Ri : Fund Value + After Commencement o Ri Highest of the following: + Basic Sum Assured reduced by any Partial Withdrawals made during the two years’ period immediately preceding the date of death; OR + Unit Fund Value as on date of intimation of death; OR + 105% of total premiums received upto the date of death reduced by Partial Withdrawal made during the two years period immediately preceding the date of death. B) MATURITY BENEFITS: + Fund value (plus Mortality charges, if all premiums are paid) Refund of Mortality Charge shall not be payable in case of surrendered, discontinued or paid-up policy. © scanned with OKEN ScannerGUARANTEED ADDITIONS: Paid as a percentage of annualized premium, for inforce policies, if all premiums are paid Guaranteed Additions End of Policy Year {as percentage of one Annualized Premium) Annualized Premium | Annualized Premium less than Rs 48,000/-_|_Rs 48,000/- and above 6 3% 5% 10 6% 10% 15 12% 20% 20 15% 25% 25 18% 30% ‘Guaranteed Addon wile on Provata basis, if here is ay prt withonal © scanned with OKEN ScannerGisela INVESTMENT FUND TYPES: FOPPORTUN Tavesimentn Government | —aortterm | investment Government | investments such | "Inusted risk ee) Guaranteed as money market Equity, Rt) Profile Secures! | instumens | Shares corporate Debt To won ogo a pretton noah | Very crown Fel cr onion orsto4ore | a%t0100% | mvc pari slot _| High stock wich are parte NE | Fisk NPTYi00 index. Toi ong om dporedaton gh | Very Rexsmet | oy 20% ovtoar% | a0%t0 0% | mesmo primary slot _| High Stocks ch area para NSE Rsk NMPTYSO ine Discontinued Poy Fund Money marke struments: 0% to 409% © scanned with OKEN ScannerCHARGES AND FREQUENCY OF CHARGES: Premium Allocation Charge ‘As a percentage of instalment premiums Year offline ‘Online cs. ist Year 8.00% 3.00% NIL ‘2nd to Sth Year 5.50% 2.00% NIL Thereafter 4.00% 1.50% NIL Policy Administration Charge 1 Policy Year Policy Administration Charges First 5 Years NIL 1 Minimum of: | Year 6 (One twelth of 3.25% multiplied by Annualized Premium OR _ Rs 125 per month, a ‘Thereafter from 7th year onwards Escalating at the rate of 5% p.a © scanned with OKEN ScannerCHARGES AND FREQUENCY OF CHARGES Mortality Charge : Depending on Age and Sum at Risk, deducted monthly Accident Benefit Charge: @40 paise (@80 paise for police personnel) per thousand Sum Assured, if opted for Fund Management Charge : + 1.35% p.a. for Flexi Growth’ Fund and Flexi Smart Growth Fund + 0.50% p.a. for Discontinued Policy Fund ‘Switching Charge: Rs 100 per switch. Free 4 switches in a policy year. Partial Withdrawal Charge: Rs 100 per withdrawal BID/OFFER Spread - Nil Miscellaneous CI Accident Benefit ‘arge: Rs 100/- for any alteration during the contract eg: change in premium mode, grant of ider after the issue of the policy, ete © scanned with OKEN ScannerDISCONTINUANCE OF PREMIUM: If premiums are not paid before expiry of the Grace Period, then the policy shal be in a state of discontinuance, + During the 5 years lock-in period + Unit Fund Value after deducting the applicable Discontinuance Charge, shall be transferred to the Discontinued Policy Fund. + Risk cover and rider cover, if any, shall cease, Only FMC @ 0.5% shall be deducted, + Ifnot revived, fund value is paid to policyholder at end of revival periodilock-in period/surrender, as applicable + If death occurs, fund value willbe paid to the nominee: + After the 5 years lock-in period + Policy shall become paid-up and reduced to paid-up sum assured. + Risk cover and mortality charges will be proportionally reduced + Rider cover will stop + If not revived, fund value is paid to policyholder at end of revival period/surrender/maturity, as applicable + Ifdeath occurs, highest of: + fund value OR + paid up sum assured less partial withdrawal (if any, during preceding 2 year period) OR + 105% of premiums paid less partial withdrawal (if any, during preceding 2 year period) will be paid to the nominee © scanned with OKEN ScannerDISCONTINUANCE CHARGES: Where the policy is Discontinuance Charges forthe | Discontinuance Charges for the discontinued during the | policies having annualized premium | policies having annualized premium policy year up to Rs 50,000 above Rs 50,000 Lower of 20% of Annual Premium or | Lower of 6% of Annual Premium or 1 Fund Value, max Rs 3000 Fund Value, max Rs 6000 Lower of 15% of Annual Premium or _ | Lower of 4% of Annual Premium or 2 Fund Value, max Rs 2000 Fund Value, max Rs 5000 Lower of 10% of Annual Premium or _ | Lower of 3% of Annual Premium or 3 Fund Value, max Rs 1500 Fund Value, max Rs 4000 Lower of 5% of Annual Premium or | Lower of 2% of Annual Premium or 4 Fund Value, max Rs 1000 Fund Value, max Rs 2000 5. and onwards NIL Nit © scanned with OKEN ScannerSURRENDER: ‘Can be SURRENDERED anytime during the policy term, + During the 5 years’ lock-in-period: + Fund is transferred to the Discontinued Policy Fund after deducting Discontinuance charges + Only FMC shall be deducted + No risk cover and rider cover + At the end of lock-in period, fund is paid to policyholder, or to nominee on earlier death + After 5 years’ lock-in-period: + Fund Value is paid to the policyholder. COMPULSORY TERMINATION: If the balance in the Unit Fund is not sufficient to recover the relevant charges, the policy shall be compulsorily terminated and the balance amount in the Unit Fund, if any, shall be refunded, provided : + The policy has run for at least 5 years provided and + 5 full years’ premiums have been paid © scanned with OKEN ScannerOPTIONS AVAILABLE UNDER THE BASE PLAN: + Switching : + Four free switches during a given policy year. + Subsequent switches chargeable @ Rs.100 per switch + Settlement Option of Death Claim proceeds: Policyholder to exercise the option during his lifetime Death Benefit in yearly, half-yearly, quarterly or monthly installments for a maximum 5 years Mode of payment and number of years to be specified. Only FMC and no other charges during payouts NAV will be as applicable at the time of payment No partial Withdrawal/switching will be allowed during the payouts © scanned with OKEN Scanner‘Can be done anytime afar the § years’ lock-in period subject to the following: Min age 18 years and above In the form of fixed amount or fixed number of units Guaranteed Additions will be reduced on pro-rata basis Charge of Rs 100 per withdrawal ‘The Maximum amount of Partial Withdrawal can be: Policy year Percentage of Unit Fund ih to 10th year 20%. ‘ith to 75th year 25% “16th to-20th year 30%. 2istto 25th year 35% ‘Subject to Min Fund Balance after withdrawal ‘Annualised Premium ‘Minimum Balance Required Upto Rs 48000 4 Annualized Premiums ‘Above Rs 48000 ‘Annualized Premiums © scanned with OKEN ScannerIER FEATURES + INCREASE DECREASE in Basic Sum Assured isnot alowed. + TOP-UP premium is not alowed + ASSIGNMENTS / NOMINATION: Allowed + POLICY LOAN: No loan facility shall be available under this plan. + BAYS OF GRACE FOR PAYMENT OF PREMIUM: A grac period of 30 days (fr monthly mode 15 jays) + REVIVALS: *+ Allowed within 3 years of frst unpaid premium. -ontinuance charge, if deducted will be added back to the fund, + Guaranteed Additions from date of discontinuance, as applicable, wil be credited © scanned with OKEN ScannerOptional Riders: + LIC’s Linked Accidental Death Benefit Rider * @40 paise (@80 paise for police personnel) per thousand Sum Assured * Policyholder can cancel anytime during the policy term + Once cancelled, cannot be subsequently restored © scanned with OKEN ScannerofS eT Col a oP UL Rel Um Clute ELC ‘Commission rate as a Percentage of the Premium ‘Annualized Premium Ran¢ Policy year From Rs 30,000to [From Rs 72,000to | From Rs 96,000to | From Rs 120,000 less than Rs 72,000’ | ess than Rs 96,000 _| less than Rs 120,000 | and above First Year, 2.50% 4.00% 5.25% 5.15% ‘2nd and 3rd Vear 3.50% 450% 450% 450% Thereafter 4.50% 450% 450% 4.50% ‘Bonus Commission: 4036 on the first year commission velopment Officer’s Credit ‘Annualized Premium Range (Rs) Percentage of First Year Premium From Rs 30,000 to less than Rs 72,000 20.00% From Rs 72,000 to less than Rs 96,000 30.00% From Rs 96,000 to less than Rs 120,000 40.00% From Rs 120,000 and above "50.00% © scanned with OKEN ScannerWhy Customer should buy? + To take dual benefit of risk cover and savings + To take advantage of NIFTY100 and NIFTY5O index returns + In the long run ULIP has given better returns * To plan for long term capital formation + For liquidity © scanned with OKEN ScannerWhy Agent should sell? * To tap the potential uncovered ULIP market * Take advantage of untouched taxfree returns for 2.5 lacs yearly limit + People have started preferring equity linked instruments, especially youth © scanned with OKEN ScannerThank For further details: Refer to LIC’s Index Plus brochure Central Office Marketing Dept. 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