LIC's New Jeevan Amar (Plan No.
955)
Benefit Illustration
LIC's New Jeevan Amar (Plan No. 955)
A Non-Par, Non-Linked, Life, Pure Risk Plan
(Unique Identification Number - 512N350V02)
MITESH YASHWANT
Distribution channel Offline Agency name Agency code 01972907
CHOTAI
Name of Age of
CARON POLE 47 years Date of illustration 23-05-2025
prospect/policyholder prospect/policyholder
Name of life assured CARON POLE Age of life assured 47 years Benefit UID/Proposal no.
Mode of payment of
Policy term 33 years Premium payment term 23 years Yearly
premium
Sum assured on death Instalment premium
Basic sum assured Rs. 1,00,00,000 1,00,00,000 61,146.00
(at inception of the policy) Rs. (for base plan)
Gender Female Category Non smoker Premium payment option Limited10
Policy option Option 1: Level sum assured
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Premium summary
Particular Base plan Riders Total instalment premium
Instalment premium without GST 61,146.00 5,000.00 66,146.00
Instalment premium with GST @ 18.00% (1st year) 72,152.00 5,900.00 78,052.00
Instalment premium with GST @ 18.00% (2nd year onwards) 72,152.28 5,900.00 78,052.28
GST rate shall be as applicable from time to time.
Page 1
LIC's New Jeevan Amar (Plan No. 955)
(Amount in rupees)
Non
Single / Guaranteed benefits guaranteed
Policy year Annualized benefits Surrender
(end of the premium1(C value
year) Guaranteed Special payable3
umulative) Maturity Death surrender surrender
benefit benefit2 value (GSV) value (SSV)
1 2 3 4 5 6 7
1 61146 0 10000000 0 0 0
2 122292 0 10000000 0 0 0
3 183438 0 10000000 0 0 0
4 244584 0 10000000 0 0 0
5 305730 0 10000000 0 0 0
6 366876 0 10000000 0 0 0
7 428022 0 10000000 0 0 0
8 489168 0 10000000 0 0 0
9 550314 0 10000000 0 0 0
10 611460 0 10000000 0 0 0
11 672606 0 10000000 0 0 0
12 733752 0 10000000 0 0 0
13 794898 0 10000000 0 0 0
14 856044 0 10000000 0 0 0
15 917190 0 10000000 0 0 0
16 978336 0 10000000 0 0 0
17 1039482 0 10000000 0 0 0
18 1100628 0 10000000 0 0 0
19 1161774 0 10000000 0 0 0
20 1222920 0 10000000 0 0 0
21 1284066 0 10000000 0 0 0
22 1345212 0 10000000 0 0 0
23 1406358 0 10000000 0 0 0
24 1406358 0 10000000 0 0 0
Page 2
LIC's New Jeevan Amar (Plan No. 955)
(Amount in rupees)
Non
Single / Guaranteed benefits guaranteed
Policy year Annualized benefits Surrender
(end of the premium1(C value
year) Guaranteed Special payable3
umulative) Maturity Death surrender surrender
benefit benefit2 value (GSV) value (SSV)
1 2 3 4 5 6 7
25 1406358 0 10000000 0 0 0
26 1406358 0 10000000 0 0 0
27 1406358 0 10000000 0 0 0
28 1406358 0 10000000 0 0 0
29 1406358 0 10000000 0 0 0
30 1406358 0 10000000 0 0 0
31 1406358 0 10000000 0 0 0
32 1406358 0 10000000 0 0 0
33 1406358 0 10000000 0 0 0
Notes:
The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of the benefit.
This illustration is applicable to a standard (from medical and life style point of view) life.
1. Single/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.
2. In any case, the total death benefit during the policy term shall not be less than 105% of the total premiums paid (excluding GST, extra premium and rider premiums, if
any).
3. No surrender value will be available under this plan. However, in case of limited/single premium payment policies, on receipt of request for surrender of policy by the
policyholder, an amount equal to unexpired risk premium value determined as per the approved method shall be payable.
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 of the insurer Date : Signature of prospect/policyholder
Page 3
