LIC's JEEVAN TARUN | PLAN 934

This is non-linked, with profits, limited premium plan for children education needs.

Features & Conditions JEEVAN TARUN PLAN:

Minimum age at entry : 90 days

Maximum age at entry : 12 years Ibd

Age at maturity : 25 years Ibd

Policy term: 25-Age at Entry

Premium Paying term: 20 – Age at Entry

Minimum S.A. : Rs. 75,000/-&  in multiples of Rs. 5,000 up to Rs. 1,00,000 thereafter in multiples of 10,000.

Maximum S.A.  : No limit

Available Riders: Premium Waiver Benefit Rider.

DATE OF COMMENCEMENT OF RISK:

For entry age less than 8 years LBD : One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier.

For entry age 8 years LBD or more: Risk will commence immediately.

Before Commencement of Risk: Refund of Premiums paid Excluding GST.

After Commencement of Risk: Sum Assured on Death + Vested Bonus + FAB if any.

SURVIVAL AND MATURITY BENEFIT OPTIONS: To be chosen at proposal stage.

Option	Survival Benefit from Age 20 to 24	Maturity Benefit at Age 25
1	No Survival Benefit	100% of S.A.
2	5% of S.A. every year for 5 years	75% of S.A.
3	10% of S.A. every year for 5 years	50% of S.A.
4	15% of S.A. every year for 5 years	25% of S.A.

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders & Death due to Suicide.

Paid up/ Surrender/Policy Loan: After payment of 2 full years premium.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits.

Proposal Form: 360 along with Addendum for option & 300 if opted for PWB Rider.

Tax Benefits :

• On Basic Premiums                 : u/s 80C
• SB/Maturity/Death claim : u/s 10(10D)

Underwriting Rules:
Actual Sum Assured (ASA) for SUC:
For NM, Juvenile FMR, Special Reports, MHR & TRSA:
1.25 times of Basic S.A. only.

Non -Medical:

• Age 0-9 Ibd : SUC-40 lakhs
• Age 10 -12 Ibd : SUC-15 lakhs.

Age Proofs: Only Standard age proofs Allowed.

Sub standard Minor lives: Proposals with BMI beyond standard range will be decided at ZUS/CUS
with MM’s recommendation.

Grand Parents as Proposer: Allowed without PWB with consent of parents.

Matching Insurance:
On lives of parents and Siblings is insisted.
Same is not required:
Up to 10 lakhs TRSA – If PWB is not opted.
Up to 25 Lakhs TRSA – If PWB is opted.

Rating up Factor for Residence Extra:
Outstanding Policy Term:

• Up to 6 years : 6.5625
• 10 years: 2.1875
• 15 years: 1.6875
• 20 years: 1.50
• 25 years: 1.4375

NRIs & FNIOs Residence Group:

• Group 1 to III : Not Allowed.
• Group IV : Allowed with extra.
• Group V : Allowed without extra.
• Mail order : Only NRIs of Group V

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LIC's JEEVAN LAKSHYA | PLAN 933

This is a limited premium, non-linked, with profits Endowment Plan. Premiums are payable for 3 years less than policy term.

Features & Conditions JEEVAN LAKSHYA PLAN:

Minimum age at entry : 18 years Ibd

Maximum age at entry : 50 years nbd

Maximum maturity age : 65 years nbd

Policy Term : 13 to 25 years.

Premium Paying Term🙁 Policy Term -3)Yrs

Minimum S.A.   : Rs. 1,00,000/- & in multiples of Rs. 10,000 thereafter.

Maximum S.A.  : No limit

SUM ASSURED ON DEATH: Income Benefit (10% of basic SA Payable from Policy anniversary after death till Policy anniversary before maturity) + 110% of Basic SA Payable on Maturity.

DEATH BENEFIT: SA on Death + Bonus for full term + FAB, if any, Payable on Maturity.

MATURITY BENEFIT: Basic Sum Assured + Vested Bonus + FAB if any.

Available Riders: ADDB/AB Rider, Term Rider & Critical Illness Rider.

Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH) Rebates:

Mode Rebate: Yearlv : 2%, Half Yly :1%

High Basic S.A. Rebate:

• Upto 1,90,000: Nil
• 200000 to 4,90,000 : 2 % of Basic SA
• 500000/-& above :3% of Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.

Paid up/Surrender/Policy Loan: Available after payment of premium of 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits. Proposal Form: 300 or 340

Tax Benefits :

• On Basic Premium : u/s 80C
• Maturity/Death claim :u/sl0(10D)

Underwriting Rules: Without Term or Cl Rider:

Actual Sum Assured (ASA) for SUC:

For FMR, Special Reports, MHR & TRSA: Basic S.A. only.

Non -Medical Schemes: All Allowed.

Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Major Students:

• Max rated up S.A. inclusive of all plans Rs. 2 crore.
• S.A. beyond Rs. 2 crore at ZUS/CUS with MM’s recommendation. Standard Age Proof is Must

Sub-Standard Major lives:

• Up to EMR Class Ten only.
• Physically Handicapped lives should be gainfully employed.

With Term or Cl Rider: Underwriting Rules of Term or Cl Rider will apply.

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LIC's NEW CHILDREN MONEY BACK PLAN | TABLE No 932

This is non-linked, with profits, regular premium Money Back Plan for children.

Features & Conditions NEW CHILDREN MONEY BACK PLAN 932:

Minimum age at entry : 0 years Ibd

Maximum age at entry : 12 years Ibd

Age at maturity : 25 years Ibd

Policy term: 25-Age at Entry

Premium Paying term: 25-Age at Entry

Minimum S.A. : Rs. 1,00,000/-& in multiples of Rs. 10,000 thereafter.

Maximum S.A. : No limit

DATE OF COMMENCEMENT OF RISK:

• For entry age less than 8 years LBD : One day before completion of 2 years from DOC or one day before Policy Anniversary after completion of age of 8 years LBD, whichever is earlier.
• For entry age 8 years LBD or more: Risk will commence immediately.

DEATH BENEFIT:

• Before Commencement of Risk: Refund of Premiums paid Excluding GST.
• After Commencement of Risk: Sum Assured on Death + Vested Bonus + FAB if any.

SURVIVAL BENEFIT: 20% of Basic SA is payable on policy anniversary after completion of age 18, 20 and 22 years. Policy holder has option to take survival benefits at any time after it is due or along with Maturity. Option is to be exercised 6 months before due date. Accumulation will be at simple interest rate of 5.40%.

MATURITY BENEFIT: 40% of Basic SA + Vested Bonus + FAB if any.

Available Riders: Premium Waiver Benefit Rider.

Maturity/Death Claim in Installments for 5/10/15 years for Full or Part of Maturity/Death Claim Amount: Option to be exercised – 3 months before Maturity and for Death Claim during lifetime by Life Assured.

Mode of Payment: Yearly, Half Yly, Qly & Mly ( SSS & NACH) Rebates:

Mode Rebate: Yearly : 2%, Half Yly :1%

High Basic S.A. Rebate:

• Upto 1,90,000 : Nil
• 200000 to 4,90,000 : 2 % of Basic SA
• 500000/-& above : 3 % of Basic SA

Grace Period: 15 Days for monthly mode and 30 days for other modes.

Claim Concessions: Available under Base Plan only. Not apply to Riders & Death due to Suicide.

Paid up/Surrender/Policy Loan: After Premiums paid for 2 full years.

Revivals: Within 5 years of FUP.

Back Dating: Allowed with lean Month’s benefits.

Proposal Form: 360 & 300 for Proposer if opted for PWB Rider

Tax Benefits :

• On Basic Premiums : u/s 80C
• SB/Maturity/Death claim : u/s 10(10D)

Underwriting Rules:
Actual Sum Assured (ASA) for SUC:
For NM, Juvenile FMR, Special Reports, MHR & TRSA:
Basic S.A. only.

Non -Medical:
Age 0 – 9 Ibd : 40 lakhs.
Age 10 -12 Ibd : 15 lakhs.

Age Proofs:
Only Standard age proofs Allowed.

Sub standard Minor lives:
Proposals with BMI beyond standard range will be decided at
ZUS/CUS with MM’s recommendation.

Matching Insurance:On lives of parents and Siblings is to be insisted.
Same is not required:
Up to 10 lakhs S.A – If PWB is not opted.
Up to 25 lakhs S.A – If PWB is opted.

Grand Parents as Proposer: Allowed without PWB with consent of parents.

NRIs & FNIOs Residence Group:

• Group I to III : Not Allowed.
• Group IV : Allowed with extra.
• Group V : Allowed without extra.
• Mail order : Only NRIs of Group V

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