IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY

THE POLICYHOLDER.

OVERVIEW
This is a unit linked Endowment plan which offers investment cum insurance cover during the
term of the policy.
You can choose the level of insurance cover within the limits, which will depend on the mode
and level of premium you agree to pay.
You have a choice of investing your premiums in one of the four types of investment funds
available. Premiums paid after deduction of allocation charge will purchase units of the Fund
type chosen.
Bond Fund Eligibility Conditions And Other Restrictions : Discontinuance Charge:
Secured Fund Age at entry : 7yrs (Min) to 60 yrs (Max) Year 1: 6% or 6000 for Premium above 25000
Balanced Fund Maturity Age : 18 years (Min) to 70 years (Max) Year 2: 4% or 5000 for Premium above 25000
Growth Fund Policy Term : 10 to 20 years Year 3: 3% or 4000 for Premium above 25000
Premium* : Rs 20000.00 yr OR Rs 30000.00 SP Year 4: 2% or 2000 for Premium above 25000
* visit licindia to see latest NAV Click here Year 5: NIL

Switching Charge : Within a given policy year 4 switches will be allowed free of charge. Subsequent switches in that
year shall be subject to a switching charge of Rs. 100 per switch.
Loan : Loan will be available under this plan subject to certain terms and conditions.
Sum Assured :
Minimum :
Regular Premium (RP) policies: (Policy Term +1) times the annualized premium
Single Premium (SP): age at entry of below 45 years: 1.25 times of the SP.
age at entry of 45 years and above: 1.10 times of the SP
Maximum :
Regular Premium policies: 30 times of the AP if age at entry is upto 45 years
25 times of the AP if age at entry is 46 to 60 years
Single Premium Policies:
If Critical Illness Benefit Rider is opted for: 5 times the SP if age at maturity is upto 55 years.
3 times the SP if age at maturity is 56 to 60 years.
If Critical Illness Benefit Rider is not opted for:
5 times the SP if age at maturity is upto 65 years.
3 times the SP if age at maturity is 66 to 70 years.
 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY
THE POLICYHOLDER.

FEATURES
Guarantee of interest rate on Discontinued Policy Fund : A guaranteed minimum interest rate of 3.5% p.a. shall be
credited to the Discontinued Policy Fund constituted by the fund value of all discontinued policies.

Settlement Option : When the policy comes for maturity, you may exercise “Settlement Option” one month prior to the date
of maturity and receive the policy money in installments spread over a period of not more than five years from the date of maturity.
There shall not be any life cover during this period and no charges other than Fund Management Charge shall be deducted. The value
of installment payable on the date specified shall be subject to investment risk i.e. the NAV may go up or down depending upon the
performance of the fund.
Reinstatement : A policy once surrendered cannot be reinstated.
Discontinuance of Premiums : If you fail to pay premiums under the policy within the days of grace, a notice shall be sent to
you within a period of fifteen days from the date of expiry of grace period to exercise one of the options within a period of thirty
days of receipt of such notice:

Revival of the policy, or Complete withdrawal from the policy

During the notice period of 30 days, the policy shall be treated as in force and the charges for Mortality, Accident Benefit and / or
Critical Illness Benefit cover, if any, shall be taken in addition to other charges, by canceling an appropriate number of units out of the
Policyholder’s Fund Value. The cover shall continue till the date of discontinuance of the policy (i.e. till the date on which the intimation
is received from the policyholder for complete withdrawal of the policy or till the expiry of the notice period).
If you do not exercise any option within the stipulated period of 30 days, you shall be deemed to have exercised the option of
complete withdrawal from the policy.

The benefits payable under the policy during the notice period shall be same as that under an in force policy, except
Partial Withdrawal, which shall not be allowed if all due premiums have not been paid.

If the policy is discontinued within 5 years from the date of commencement of the policy: If you exercise the option for
complete withdrawal from the policy, or you do not exercise the option within the period of 30 days of receipt of notice, then the
policy shall be compulsorily terminated. The Policyholder’s Fund Value as on the date of discontinuance of policy after deducting the
Discontinuance Charge shall be converted into monetary terms as specified below and Proceeds of the discontinued policy as specified
below shall be payable after completion of 5 years from the date of commencement of the policy.
If the policy is discontinued after 5 years from the date of commencement of the policy: If you exercise the option for
complete withdrawal from the policy, or you do not exercise the option within the period of 30 days of receipt of notice, then the
policy shall be compulsorily terminated and Policyholder’s Fund value shall be payable.
 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY
THE POLICYHOLDER.

BENEFITS
Maturity Benefit : On the Life Assured surviving to the end of the policy term chosen, an amount equal to the Policyholder’s
Fund Value is payable.
Options:
A) Accident Benefit Option:
If you are above 18 years of age, you may opt for Accident Benefit equal to the amount of life cover subject to minimum of Rs.
25,000 and maximum of Rs. 50 lakh (taken all policies with LIC of India and other insurers.) In case of death due to an accident,
an additional sum equal to Accident Benefit Sum Assured shall be payable.
B) Critical Illness Benefit Rider:
If you are between 18 and 50 years of age, you may opt for Critical Illness Benefit equal to the life cover subject to a minimum
of Rs. 50,000 and maximum of Rs. 10 lakh (including other policies with LIC of India). This benefit will be available only till the
policy anniversary on which the age nearer birthday of the Life Assured is 60 years or till the end of policy term, whichever is
earlier. In case of diagnosis of defined categories of Critical Illness subject to certain terms and conditions, an additional sum
equal to the Critical Illness Benefit shall be payable

Death Benefit : Higher of Sum Assured and the Policyholder’s Fund Value shall be available as death benefit.

Guarantee Benefit : This is not a Guaranteed ULIP plan, but follows the IRDA guidelines of Guarantee return.

Increase / Decrease of risk covers Benefit : No increase of covers will be allowed under the plan. You can, however,
decrease the risk covers, without reducing the level of premium, once in a year during the Policy term, provided all due
premiums under the Policy have been paid.

Compulsory termination : If the balance in the Policyholder’s Fund Value, at any time is
1. not sufficient to recover the relevant charges, in case of partial withdrawal of units after the fifth policy anniversary, or
2. less than or equal to the loan outstanding along with interest thereon, if any loan has been taken under the policy,
the policy shall compulsorily be terminated and the balance amount in the Policyholder’s Fund Value, if any, shall be refunded to the
policyholder.

Method of Calculation of Unit price : Units will be allotted based on the Net Asset Value (NAV) of the respective fund as on
the date of allotment. There is no Bid-Offer spread (the Bid price and Offer price of units will both be equal to the NAV). The
NAV will be computed on daily basis and will be based on investment performance, Fund Management Charge and whether fund
is expanding or contracting under each fund type and shall be calculated as under:
Appropriation price is applied (when fund is expanding) OR Expropriation price is applied (when fund is
contracting) OR Applicability of Net Asset Value (NAV)
 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY
THE POLICYHOLDER.

RECOMMENDATION
Should I Buy To Cover My Insurance : No, This product is not recommended as an Insurance Policy. There are better
products from LICIndia to cover your Life Insurance Needs. Consult your agent. To Look out for Insurance agent Click
Here
Should I Buy for Investment : Yes, With the track record of LICIndia and the returns they have given, we recommend
to Invest in this Plan. As said, RISK to invest in this plan is borne by the policy Holder. This is ULIP NAV plan. When
buying this plan, go with Critical Illness benefit Rider. Consult your agent. To Look out for Insurance agent Click Here

Thank You

Note : This is author’s view, and do not guarantee on any of the text published. Please visit LICIndia for more details. We are not responsible for any Loss or Damage.