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
Krishnamoorthi Hegde 36 years Date of illustration 28-03-2023
prospect/policyholder prospect/policyholder
Name of life assured Krishnamoorthi Hegde Age of life assured 36 years Benefit UID/Proposal no. 230328010625071418
Mode of payment of
Policy term 13 years Premium payment term 10 years Yearly
premium

Annualized premium 1,50,000 Sum assured on death1 1,65,000 Instalment premium 15,001.00
(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 15,001.00 15,001.00
Instalment premium with GST @ 4.50% (1st year) 15,676.00 15,676.00
Instalment premium with GST @ 2.25% (2nd year onwards) 15,338.52 15,338.52
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 15001 0 180000 165000 0 1200 0 4500 0 0 0 180600 223500 0 0

2 30002 9001 165000 165000 0 2400 0 9000 0 0 0 180600 223500 9001 9001

3 45003 15751 150000 165000 0 3600 654 13500 2452 0 0 180600 223500 16405 18203

4 60004 30002 135000 165000 0 4800 893 18000 3348 0 0 180600 223500 30895 33350

5 75005 37503 120000 165000 0 6000 1151 22500 4316 0 0 180600 223500 38654 41819

6 90006 45003 105000 165000 0 7200 1435 27000 5381 0 0 180600 223500 46438 50384

7 105007 52504 90000 165000 0 8400 1751 31500 6568 0 0 180600 223500 54255 59072

8 120008 67204 75000 165000 0 9600 2111 36000 7916 0 0 180600 223500 69315 75120

9 135009 83706 60000 165000 0 10800 2525 40500 9469 0 0 180600 223500 86231 93175

10 150010 102007 45000 165000 0 12000 3006 45000 11273 0 0 180600 223500 105013 113280

11 150010 111007 30000 165000 0 13200 3572 49500 13395 0 0 180600 223500 114579 124402

12 150010 135009 15000 165000 0 14400 4320 54000 16200 0 0 180600 223500 139329 151209

13 150010 135009 0 165000 150000 15600 5460 58500 20475 165600 208500 180600 223500 140469 155484

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.

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.

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 LIC's Jeevan Lakshya (Plan No. 933)

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 policy 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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