LIC's Jeevan Lakshya (Plan No.

933)

Benefit Illustration

LIC's Jeevan Lakshya (Plan No. 933)

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

Distribution channel Offline Agency name Agency code

Name of Age of
ANIL MAMIDI 22 years Date of illustration 11-09-2023
prospect/policyholder prospect/policyholder
Name of life assured ANIL MAMIDI Age of life assured 22 years Benefit UID/Proposal no. 230911083457332102
Mode of payment of
Policy term 15 years Premium payment term 12 years Yearly
premium

Basic sum assured Rs. 1,00,000 Sum assured on death1 1,10,000 Instalment premium 8,119.00
(at inception of the policy) Rs. (for base plan)

Bonus type Simple reversionary and final additional bonus

How to read and understand this benefit illustration?

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy, at two assumed rates of interest i.e., 8% p.a. and 4% p.a.

Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy
offers guaranteed benefits then these will be clearly marked 'guaranteed' in the illustration table on this page. If your policy offers variable benefits then the illustrations on this
page will show two different rates of assumed future investment returns, of 8% p.a. and 4% p.a. These assumed rates of return are not guaranteed and they are not the upper
or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.

Premium summary
Particular Base plan Riders2 Total instalment premium
Instalment premium without GST 8,119.00 8,119.00
Instalment premium with GST @ 4.50% (1st year) 8,484.00 8,484.00
Instalment premium with GST @ 2.25% (2nd year onwards) 8,301.68 8,301.68
GST rate shall be as applicable from time to time

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 LIC's Jeevan Lakshya (Plan No. 933)

(Amount in rupees)

Total benefits (including guaranteed and non-guaranteed benefits)

Non-guaranteed Non-guaranteed
Guaranteed benefits benefits @ 4% p.a. benefits @ 8% p.a.
Maturity benefit Death benefit5 Surrender benefit6

Death benefit
Annualized Maturity Maturity Death Death
premium3 Total benefit, benefit,
Policy year (cumulativ benefit7, benefit7,
income incl. of incl. of incl. of incl. of
e) benefit final final Surrender Surrender
Surrender Lumpsum Maturity Reversiona Surrender Reversiona Surrender final final
payable in payable additional additional benefit @ benefit @
benefit on benefit ry bonus benefit ry bonus benefit additional additional
equal bonus bonus 4% (3+8) 8% (3+10)
date of bonus bonus
instalment maturity 1 (FAB), if (FAB), if (FAB), if (FAB), if
s over o/s any, @ 4% any, @ 8% any, @ 4% any, @ 8%
term after (6+7+FAB) (6+9+FAB)
death4
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16)

1 8119 0 140000 110000 0 800 0 3000 0 0 0 122000 155500 0 0

2 16238 4871 130000 110000 0 1600 0 6000 0 0 0 122000 155500 4871 4871

3 24357 8525 120000 110000 0 2400 424 9000 1589 0 0 122000 155500 8949 10114

4 32476 16238 110000 110000 0 3200 571 12000 2142 0 0 122000 155500 16809 18380

5 40595 20298 100000 110000 0 4000 726 15000 2724 0 0 122000 155500 21024 23022

6 48714 24357 90000 110000 0 4800 893 18000 3348 0 0 122000 155500 25250 27705

7 56833 28417 80000 110000 0 5600 1074 21000 4028 0 0 122000 155500 29491 32445

8 64952 35262 70000 110000 0 6400 1276 24000 4783 0 0 122000 155500 36538 40045

9 73071 42798 60000 110000 0 7200 1501 27000 5630 0 0 122000 155500 44299 48428

10 81190 51036 50000 110000 0 8000 1759 30000 6597 0 0 122000 155500 52795 57633

11 89309 59962 40000 110000 0 8800 2057 33000 7715 0 0 122000 155500 62019 67677

12 97428 69593 30000 110000 0 9600 2405 36000 9018 0 0 122000 155500 71998 78611

13 97428 73763 20000 110000 0 10400 2814 39000 10553 0 0 122000 155500 76577 84316

14 97428 87685 10000 110000 0 11200 3360 42000 12600 0 0 122000 155500 91045 100285

15 97428 87685 0 110000 100000 12000 4200 45000 15750 112000 145500 122000 155500 91885 103435

Notes:

The main objective of the illustration is that the client is able to appreciate the features of the products and the flow of the benefit in different circumstances with some level of
quantification.
This illustration is applicable to a standard (from medical, life style and occupation point of view) life.

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 LIC's Jeevan Lakshya (Plan No. 933)

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

I, ________________________________________ (name), having received

I, ________________________________________ (name), have explained the information with respect to the above, have understood the above statement
the premiums and benefits under the product fully to the prospect/policyholder. before entering into the contract.
Place : Place :
Date : Signature of agent/intermediary/official Date : Signature of prospect/policyholder

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