LIC's Index Plus (Plan No.

873)

Benefit Illustration

LIC's Index Plus (Plan No. 873)

A Unit Linked, Non-participating, Individual, Life Insurance Plan
(Unique Identification Number - 512L354V01)

SMT BHUMIKA DHAVAL

Distribution channel Offline Agency name Agency code 03488928
PATEL
Name of prospect MAHESAMI Age of prospect 30 years Date of illustration 08-08-2024
Name of life assured MAHESAMI Age of life assured 30 years Benefit UID
Mode of payment of
Policy term 15 years Premium paying term 15 years Monthly
premium
Sum assured 2,40,00,000 Instalment premium 2,00,000.00 GST rate 18.00%
Investment strategy
Fund opted Flexi smart growth fund Risk level Very high risk Self managed
opted for
LIC's Linked ADB rider Not opted AB rider sum assured 0
Death benefit option 2 Sum assured multiple 10

How to read and understand this benefit illustration?

This benefit illustration is intended to show what charges are deducted from your premiums and how the unit fund, net of charges and taxes, may grow over the years of the
policy term if the fund earns a gross return of 8% p.a. or 4% p.a. These rates, i.e., 8% p.a. and 4% p.a. are assumed only for the purpose of illustrating the flow of benefits if
the returns are at this level. It should not be interpreted that the returns under the plan are going to be either 8% p.a. or 4% p.a.

Net yield mentioned corresponds to the gross investment return of 8% p.a., net of all charges but does not consider mortality, morbidity charges, underwriting extra, if any,
guarantee charges and cost of riders, if deducted by cancellation of units. It demonstrates the impact of charges exclusive of taxes on the net yield. Please note that the
mortality charges per thousand sum assured in general, increases with age.

The actual returns can vary depending on the performance of the chosen fund, charges towards mortality, morbidity, underwriting extra, cost of riders, etc. The investment risk
in this policy is borne by the policyholder, hence, for more details on terms and conditions please read sales literature carefully.

Part A of this statement presents a summary view of year-by-year charges deducted under the policy, fund value, surrender value and the death benefit, at two assumed rate
of return. Part B of this statement presents a detailed break-up of the charges, and other values.

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 LIC's Index Plus (Plan No. 873)

Part A:

(Amount in rupees)

At 4% p.a. gross investment return At 8% p.a. gross investment return

Other Other
charges charges Commissio
(including (including n (incl.
GST GST bonus
Annualized FMC and FMC and
Policy year (excluding (excluding commission
premium GST on GST on
Mortality GST on Fund at end Surrender Death Mortality GST on Fund at end Surrender Death ) payable to
FMC but FMC but
charges FMC and of year value benefit charges FMC and of year value benefit intermediar
excluding discontinua excluding discontinua
discontinua nce charge) discontinua nce charge) y
nce charge nce charge
and its and its
GST)* GST)*
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)

1 2400000 30137 210522 39985 2165165 2158085 24000000 30119 210797 39981 2210185 2203105 24000000 193200

2 2400000 28020 185920 28804 4455777 4449877 24000000 27885 187666 28779 4635583 4629683 24000000 108000

3 2400000 25783 222719 28401 6803242 6798522 24000000 25391 227442 28330 7216881 7212161 24000000 108000

4 2400000 23391 260433 27970 9209091 9206731 24000000 22566 269777 27822 9964309 9961949 24000000 108000

5 2400000 20757 299087 27496 11674993 11674993 24000000 19286 314838 27232 12888890 12888890 24000000 108000

6 2400000 17759 304561 20747 14364034 14364034 24000000 15375 328668 20318 16164647 16164647 24000000 108000

7 2400000 14177 347846 20115 17000870 17000870 24000000 10524 382479 19458 19532679 19532679 24000000 108000

8 2400000 10203 390300 19414 19704731 19704731 24000000 4852 437814 18451 23119798 23119798 24000000 108000

9 2400000 5566 433840 18594 22477989 22477989 24000000 186 496744 17626 26938621 26938621 26938621 108000

10 2400000 807 478505 17753 25562433 25562433 25562433 0 559422 17608 31238250 31238250 31238250 108000

11 2400000 0 528131 17625 28480697 28480697 28480697 0 629980 17625 35568751 35568751 35568751 108000

12 2400000 0 575080 17642 31467873 31467873 31467873 0 701049 17642 40172064 40172064 40172064 108000

13 2400000 0 623140 17660 34525586 34525586 34525586 0 776593 17660 45065377 45065377 45065377 108000

14 2400000 0 672338 17679 37655498 37655498 37655498 0 856896 17679 50266960 50266960 50266960 108000

15 2400000 0 722700 17699 41515911 41515911 41515911 0 942256 17699 56432421 56432421 56432421 108000

*See 'Part B' for details

Force Majeure Conditions:

a. The Corporation shall value the funds (SFIN) on each day for which financial markets are open. However, the Corporation may value the SFIN less frequently in extreme

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 LIC's Index Plus (Plan No. 873)

circumstances external to the Corporation, i.e. in force majeure events, where the value of the assets is too uncertain. In such circumstances, the Corporation may defer
the valuation of the assets for up to 30 days until the Corporation is certain that the valuation of SFIN can be resumed.
b. The Corporation will inform IRDAI of such deferment of the valuation of assets. During the continuance of the force majeure events, all requests for servicing the policy,
including policy related payment, shall be kept in abeyance.
c. The Corporation will continue to invest as per the investment pattern of the fund type opted by the policyholder. However, the Corporation reserves the right to change the
exposure of all or any part of the fund to money market instruments (as defined under Regulations 2(j) of IRDAI(Investment) Regulations, 2016) in circumstances
mentioned under points (a) and (b) above. The exposure of the chosen fund shall be reinstated within reasonable timelines once the force majeure situation ends.
d. Few examples of such circumstances as mentioned in point (a) & (b) above are:
i. When one or more stock exchanges which provide a basis for valuation of the assets of the fund are closed otherwise than for ordinary holidays.
ii. When, as a result of political, economic, monetary or any circumstances which are not in the control of the Corporation, the disposal of the assets of the fund would be
detrimental to the interests of the continuing policyholders.
iii. In the event of natural calamities, strikes, war, civil unrest, riots and bandhs.
iv. In the event of any force majeure or disaster that affects the normal functioning of the Corporation.
e. In such an event, an intimation of such force majeure event shall be uploaded on the Corporation’s website for information.

IN THIS POLICY, THE INVESTMENT RISK IS BORNE BY THE POLICYHOLDER AND THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATIVE PURPOSE.

I, ________________________________________ (name), have explained I, ________________________________________ (name), having received

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

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 LIC's Index Plus (Plan No. 873)

Part B:

(Amount in rupees)

Gross yield (p.a.) 8.00% Net yield (p.a.) 6.15%

GST
(excluding
Premium Accident FMC
Annualize allocation dAnnualize GST on Policy Addition Fund (including Fund after Guarantee Refund of Fund at
Policy Mortality benefit Surrender Death
premium FMC and admin to the before d addition mortality end of
year d premium charge charge rider tax charge FMC value benefit
less PAC discontinu charge fund FMC charge year
(PAC) charge on FMC)
ance
charge)
(12)=(10)-
(1) (2) (3) (4)=(2)-(3) (5) (6) (7) (8) (9) (10) (11) (13) (14) (15) (16) (17)
(11)
1 2400000 192000 2208000 30119 39981 0 0 91082 2228982 18797 2210185 0 0 2210185 2203105 24000000

2 2400000 132000 2268000 27885 28779 0 0 269729 4691249 55666 4635583 0 0 4635583 4629683 24000000

3 2400000 132000 2268000 25391 28330 0 0 462462 7312323 95442 7216881 0 0 7216881 7212161 24000000

4 2400000 132000 2268000 22566 27822 0 0 667592 10102085 137777 9964309 0 0 9964309 9961949 24000000

5 2400000 132000 2268000 19286 27232 0 0 885938 13071729 182838 12888890 0 0 12888890 12888890 24000000

6 2400000 96000 2304000 15375 20318 1500 0 1120117 16275815 231168 16044647 120000 0 16164647 16164647 24000000

7 2400000 96000 2304000 10524 19458 1575 0 1380493 19817583 284904 19532679 0 0 19532679 19532679 24000000

8 2400000 96000 2304000 4852 18451 1654 0 1648237 23459959 340161 23119798 0 0 23119798 23119798 24000000

9 2400000 96000 2304000 186 17626 1736 0 1933379 27337628 399008 26938621 0 0 26938621 26938621 26938621

10 2400000 96000 2304000 0 17608 1823 0 2236659 31459848 461598 30998250 240000 0 31238250 31238250 31238250

11 2400000 96000 2304000 0 17625 1914 0 2578106 36100817 532065 35568751 0 0 35568751 35568751 35568751

12 2400000 96000 2304000 0 17642 2010 0 2922003 40775103 603038 40172064 0 0 40172064 40172064 40172064

13 2400000 96000 2304000 0 17660 2111 0 3287566 45743859 678483 45065377 0 0 45065377 45065377 45065377

14 2400000 96000 2304000 0 17679 2216 0 3676158 51025640 758680 50266960 0 0 50266960 50266960 50266960

15 2400000 96000 2304000 0 17699 2327 0 4089231 56640165 843929 55796236 480000 156185 56432421 56432421 56432421

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 LIC's Index Plus (Plan No. 873)

(Amount in rupees)

Gross yield (p.a.) 4.00%

GST
(excluding
Premium Accident FMC
Annualize allocation dAnnualize GST on Policy Addition Fund (including Fund after Guarantee Refund of Fund at
Policy Mortality benefit Surrender Death
premium FMC and admin to the before d addition mortality end of
year d premium charge charge rider tax charge FMC value benefit
less PAC discontinu charge fund FMC charge year
(PAC) charge on FMC)
ance
charge)
(12)=(10)-
(1) (2) (3) (4)=(2)-(3) (5) (6) (7) (8) (9) (10) (11) (13) (14) (15) (16) (17)
(11)
1 2400000 192000 2208000 30137 39985 0 0 45808 2183687 18522 2165165 0 0 2165165 2158085 24000000

2 2400000 132000 2268000 28020 28804 0 0 133355 4509697 53920 4455777 0 0 4455777 4449877 24000000

3 2400000 132000 2268000 25783 28401 0 0 224368 6893961 90719 6803242 0 0 6803242 6798522 24000000

4 2400000 132000 2268000 23391 27970 0 0 317643 9337524 128433 9209091 0 0 9209091 9206731 24000000

5 2400000 132000 2268000 20757 27496 0 0 413243 11842080 167087 11674993 0 0 11674993 11674993 24000000

6 2400000 96000 2304000 17759 20747 1500 0 512108 14451096 207061 14244034 120000 0 14364034 14364034 24000000

7 2400000 96000 2304000 14177 20115 1575 0 618975 17251141 250271 17000870 0 0 17000870 17000870 24000000

8 2400000 96000 2304000 10203 19414 1654 0 723778 19997377 292646 19704731 0 0 19704731 19704731 24000000

9 2400000 96000 2304000 5566 18594 1736 0 831258 22814093 336104 22477989 0 0 22477989 22477989 24000000

10 2400000 96000 2304000 807 17753 1823 0 941509 25703115 380682 25322433 240000 0 25562433 25562433 25562433

11 2400000 96000 2304000 0 17625 1914 0 1064019 28910913 430216 28480697 0 0 28480697 28480697 28480697

12 2400000 96000 2304000 0 17642 2010 0 1179898 31944943 477070 31467873 0 0 31467873 31467873 31467873

13 2400000 96000 2304000 0 17660 2111 0 1298513 35050616 525029 34525586 0 0 34525586 34525586 34525586

14 2400000 96000 2304000 0 17679 2216 0 1419929 38229620 574122 37655498 0 0 37655498 37655498 37655498

15 2400000 96000 2304000 0 17699 2327 0 1544212 41483684 624373 40859311 480000 176600 41515911 41515911 41515911

Notes:

1. Refer the sales literature for explanation of terms used in this illustration.
2. The above illustrations are for indicative purpose. The annual charges shown above are sum total of charges deducted throughout the policy year as per the
frequency/conditions detailed in sales brochure/policy document.
3. This illustration is prepared by considering standard life (from medical, life style and occupation point of view).
4. In case LIC's Accidental Death Benefit rider is opted for, rider charges are included in other charges under part A. However, under part B, accident benefit rider charge is
shown separately.
5. Fund at the start shall be the amount available for investment in the first year and previous year's end fund for rest of the years.

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 LIC's Index Plus (Plan No. 873)

6. Above calculations have been performed considering deductions of mortality charge, policy administration charges and tax charge on these charges at the start of each
policy month and deduction of FMC and Tax charge on FMC the end of each policy month.
7. Tax charge (currently GST) is subject to change from time to time.
8. Total death benefit is the amount payable immediately on death of the life assured, which is higher of (basic sum assured reduced by partial withdrawal made during the
two years period immediately preceding the date of death) or unit fund value or (105% of the total premiums received reduced by partial withdrawal during the two years
period immediately preceding the date of death), where basic sum assured is (7 times of annualized premium), for age greater than 50 years and (7 or 10 times of
annualized premium as per the choice), for age less than or equal to 50 years.
9. The death benefit has been calculated assuming that death occurs on completion of the policy year and the option of partial withdrawal has not been exercised.
10. In addition to death benefit, accident benefit sum assured is payable as per terms and conditions of the policy, if LIC's Accidental Death Benefit rider is opted for and
death occurs due to accident.
11. The above illustration assumes the policy is surrendered on completion of the policy year after addition of guaranteed addition in unit fund. In case the policy is
surrendered on or before 5 years' lock-in-period, surrender value shown above equals unit fund value at the end of policy year minus discontinuance charge minus tax
charge on discontinuance charge. This amount shall be transferred to the discontinued policy fund and the proceeds of the discontinued policy fund shall be payable on
completion of 5 years' lock-in-period. In case the policy is surrendered after expiry of 5 years' lock-in-period, the surrender value shall be payable immediately.
12. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

I, ________________________________________ (name), have explained I, ________________________________________ (name), having received

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

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