TERM ASSURANCE PLAN (WITHOUT PROFIT) 1) ANMOL JEEVAN 1 (PLAN NO. 164) 2) AMULYA JEEVAN 1 (PLAN NO. 190) 3) 2 Yrs TEMPORARY ASSURANCE (PLAN NO.43) 4) MORTGAGE REDEMPTION PLAN (PLAN NO. 52) 5) CONVERTIBLE TERM ASSURANCE (PLAN NO. 58)

TERM INSURANCE IS THE BASIC AND OLDEST FORM OF THE INSURANCE. IN THIS TYPE OF INSURANCE RISK IS COVERED OF THE POLICY HOLDER WITHIN THE TERM OF THE POLICY AND AT THE END OF THE TERM i.e. ON MATURITY NOTHING IS PAYABLE TO POLICY HOLDER THIS IS THE BASIC PLAN OF THE INSURANCE CONCEPT WITH IN THE TERM IF THE POLICYHOLDER DIES THE SUM ASSURED IS PAYABLE TO THE NOMINEE OF THE POLICYHOLDER LOW PREMIUM = HIGH RISK COVER.

ANMOL JEEVAN 1(Table 164) Main Charecteristics : MIN AGE AT ENTRY: 18 YRS COMPLETED MIN AGE AT ENTRY: 18 YRS COMPLETED MAX AGE AT ENTRY: 55 YRS NBD MAX AGE AT ENTRY: 55 YRS NBD MAX AGE OF MATURITY: 65 YRS NBD MAX AGE OF MATURITY: 65 YRS NBD MIN SA : 5 LAC MIN SA : 5 LAC MAX SA: 24 LAC MAX SA: 24 LAC (SA ALLOWED IN MULTIPLE OF Rs. 1 LAC) (SA ALLOWED IN MULTIPLE OF Rs. 1 LAC) MODES ALLOWED: YLY, HLY, SINGLE MODES ALLOWED: YLY, HLY, SINGLE DAB : NOT AVAILABLE DAB : NOT AVAILABLE TERM RIDER OPTION: NOT AVAILABLE TERM RIDER OPTION: NOT AVAILABLE CRITICAL ILLNESS RIDER: NOT AVAILABLE CRITICAL ILLNESS RIDER: NOT AVAILABLE Suitable for persons of low income group, person opted for loan, who need only risk cover. Suitable for persons of low income group, person opted for loan, who need only risk cover.

BENEFITS : ON DEATH = BASIC SA PAID TO NOMINEE ON DEATH = BASIC SA PAID TO NOMINEE ON MATURITY = NOTHING IS PAYABLE ON MATURITY = NOTHING IS PAYABLE MODE REBATE = YLY - 2% HLY – NIL MODE REBATE = YLY - 2% HLY – NIL INCOME TAX BENEFIT = U/S 80 C ALLOWED INCOME TAX BENEFIT = U/S 80 C ALLOWED ( This is the cheapest pure life risk plan. )

UNDERWRITING ASPECT & POLICY SERVICING FEMALE LIVES: CAT I & II ALLOWED FEMALE LIVES: CAT I & II ALLOWED AGE PROOF : STD,NSAP I AGE PROOF : STD,NSAP I PROP. FORM : 300 PROP. FORM : 300 DATING BACK : ALLOWED WITH 8% INT. DATING BACK : ALLOWED WITH 8% INT. SUC : BASIC SA SUC : BASIC SA MEDICAL : COMPULSARY MEDICAL : COMPULSARY POLICY LOAN: NOT AVAILABLE POLICY LOAN: NOT AVAILABLE HOUSING LOAN: AVAILABLE HOUSING LOAN: AVAILABLE ASSINGMENT/SV/REV: ALLOWED ASSINGMENT/SV/REV: ALLOWED

0 Year 25 years Maturity Nothing is payable Death Benefits Natural or Accident Sum Assured only

AMULYA JEEVAN (PLAN NO. 190 ) This plan is as same as Anmol Jeevan, only This plan is as same as Anmol Jeevan, only difference is as given below difference is as given below Max age at entry: 60 yrs nbd Max age at entry: 60 yrs nbd Max maturity : 70 yrs nbd Max maturity : 70 yrs nbd Max term :35 yrs Max term :35 yrs Min S. A. : 25,00,000 Min S. A. : 25,00,000 Max S.A. : No limit Max S.A. : No limit

2 Yrs TERMPORARY ASSURANCE POLICY (WITHOUT PROFIT) TABLE-43 Suitable for Persons taken short term loans, taken overseas jobs for short term duration and for persons going for pilgrimage to difficult terrains. Suitable for Persons taken short term loans, taken overseas jobs for short term duration and for persons going for pilgrimage to difficult terrains. Min. age at entry:18 years Min. age at entry:18 years Max. age at entry: 60 years Max. age at entry: 60 years Term: 6 months, 1yr,1& 1/2 yr and 2 yr Term: 6 months, 1yr,1& 1/2 yr and 2 yr Min. S.A.: 50,000 Min. S.A.: 50,000 Max. S.A.: 1 crore Max. S.A.: 1 crore Max. age at entry: 62 yr Max. age at entry: 62 yr Loan facility: Not allowed Loan facility: Not allowed ADB & PDB : Not allowed ADB & PDB : Not allowed

Mode of payment: Single only Mode of payment: Single only Mode Rebate : Not allowed Mode Rebate : Not allowed S. A. Rebate S. A. Rebate Up to 5 lac: Nil Up to 5 lac: Nil 5 lac to < 20 lac: Rs. 1 5 lac to < 20 lac: Rs lac to < 50 lac: Rs lac to < 50 lac: Rs > 50 lac: Rs. 2 > 50 lac: Rs. 2

Today 2 years Maturity Nothing is payable Death Benefits Natural or Accident Sum Assured only

THE MORTGAGE REDEMPTION POLICY (WITHOUT PROFIT) TABLE - 52 SUITABLE FOR- Persons who have taken loan for housing or Business purposes so that in event of death the o/s loan amount gets repaid automatically. SUITABLE FOR- Persons who have taken loan for housing or Business purposes so that in event of death the o/s loan amount gets repaid automatically. Min age at entry: 18 years Min age at entry: 18 years Max. age at entry : 55 years Max. age at entry : 55 years Max. age at maturity : 60 yrs Max. age at maturity : 60 yrs Min.Term : 5 yrs Min.Term : 5 yrs Max. term : o/s loan repayment terms Max. term : o/s loan repayment terms PPT : 2/3 rd of o/s of loan rep. Term PPT : 2/3 rd of o/s of loan rep. Term Min. S A: 50,000 Min. S A: 50,000 Max. S A: loan o/s as on date of proposal Max. S A: loan o/s as on date of proposal

Repayment of loan: By EMI only Repayment of loan: By EMI only Loan facility: Not allowed Loan facility: Not allowed AB & PDB : Not allowed AB & PDB : Not allowed Mode of payment: Yly, mtly,SSS, & single Mode of payment: Yly, mtly,SSS, & single Mode rebate : Mode rebate : Yly – 2% Yly – 2% Monthly-5% extra Monthly-5% extra SSS & Single-Nil SSS & Single-Nil

0 years 14 years 21 yrs Premium Stops Loan repayment Term Death benefit Natural or accidental O/s loan as on date of death will be paid to assignee

The Convertible term assurance without profit ( Table 58) Suitable for Young Persons who have just started earning but having immediate need for insurance Suitable for Young Persons who have just started earning but having immediate need for insurance Min. age at entry: 20 years Min. age at entry: 20 years Max. age at entry: 50,44 & 43 years for 5, 6, 7 yrs term resp. Max. age at entry: 50,44 & 43 years for 5, 6, 7 yrs term resp. Term: 5,6 & 7 yr Term: 5,6 & 7 yr Min. S.A.: 50,000 Min. S.A.: 50,000 Max. S.A.: 1 crore Max. S.A.: 1 crore Max. age at Maturity: 55 yr Max. age at Maturity: 55 yr Loan facility: Not allowed Loan facility: Not allowed ADB & PDB: Not allowed ADB & PDB: Not allowed

0 yrs Maturity Nothing is payable Death Benefits Natural or Accident Sum Assured only 5 yrs 7 yrs ConvertibleTo Whole life/ Endowment

Thank You Presented By – Presented By – Sangharakshit. M. Shende Devlopment Officer,LIC of India,Mumbai