1. LIC’s NEW ENDOWMENT PLAN Plan No. 814 LIC’s NEW ENDOWMENT PLAN Plan No. 814 To know more please visit : http://licofindiadelhi.weebly.com/lics-new-endowment-plan.html

2. Table No. 14 Endowment Assurance Plan Table No.814 New Endowment Plan Maturity Benefit Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any. Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any. Death Benefit Sum Assured (SA) along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. ‘ Sum Assured on Death ’ along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Benefits

3. Particulars Table No. 14 Endowment Assurance Plan Table No. 814 New Endowment Plan Age at entry12 to 65 years8 to 55 years Age at Maturity Maximum 75 yearsMaximum 75 Years Policy Term5 to 55 years12 to 35 years Premium mode Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS) Basic Sum Assured 50000 and above 100000 and above ( In multiples of 5000) Eligibility Conditions and Restrictions LIC’s New Endowment Plan

4. Mode Rebate Table No. 14Table No. 814 Yearly 3% of tabular Premium2% of tabular premium Half-yearly 1.5% of tabular premium1% of tabular premium Quarterly Nil Table No 14 Endowment Assurance Plan Table No. 814 New Endowment Plan Basic Sum AssuredRebate (Rs.)Basic Sum AssuredRebate (Rs.) 100001 and above2.00‰ SA5,00,000 and above3.00‰ BSA 50001 to 1000001.00‰ SA2,00,000 to 4,95,0002.00‰ BSA Upto 50000Nil<1,95,000Nil LIC’s New Endowment Plan ~ Rebates

5. Table No. 14 Endowment Assurance Plan Table No. 814 New Endowment Plan Available after payment of 3 full years premiums. Loan granted shall be 90% of the Surrender Value in case of inforce policies and 85% of the Surrender Value in case of Paid-up policies irrespective of the policy term. The maximum amount of loan that can be granted as a percentage of Surrender Value shall depend on the Policy Term, as given in the table below. Foreclosure action was initiated on default of 2 or more half-yearly loan interest installments. Foreclosure action shall not be taken under fully paid-up and inforce policies even if there is default of loan interest. Policy TermUpto 2324 to 2728 to 3132 to 35 % for inforce policies90%80%70%60% % for Paid-up policies80%70%60%50% % of loan modified LIC’s New Endowment Plan ~ Policy Loan

6. Table No.14Table No. 814 Guaranteed Surrender Value (GSV) Available after payment of 3 full years premiums. GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any. GSV shall be a percentage of total premiums paid (net of taxes) excluding extra premium, if any and premium paid for riders,if opted for. Examples of GSV factors applicable for total premiums paid Policy Year ~ GSV factor 3 = 30% 5 = 50% t -1 = 80% (t=Policy Term) Cash Value of vested bonuses, if any.GSV factor applicable to vested bonus,if any. Examples of Vested bonus factors – Year of SV – Policy Term – Factor 3 12 18.60% 19 25 20.85% 29 30 30% LIC’s New Endowment Plan ~ Surrender Value

7. Table No. 14 Endowment Assurance Plan Table No. 814 New Endowment Plan Special Surrender Value (SSV) Surrender Value shall be the discounted value of the Paid-up Sum Assured and vested simple reversionary bonuses. The discount factors shall be surrender value factors as provided in Table-1A of the Special Surrender Value Booklet and will depend upon the policy term and duration elapsed since the commencement of the policy. Surrender Value PayableSurrender Value payable The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable. LIC’s New Endowment Plan

8. Table No 14 Endowment Assurance Plan Table No 814 New Endowment plan A Policy may be revived within a period of 5 years from the date of first unpaid premium. A Policy may be revived within a period of 2 years from the date of first unpaid premium. Taxes, if any, were borne by the corporation. Taxes, if any, shall be applicable at the prevailing rates and borne by the policyholder as per rules. There shall be no change in the following Items Back Dating Grace Period Paid-up Value Assignment/Nomination LIC’s New Endowment Plan ~ Table No. 814

9. ‘Sum Assured on Death’ has been defined separately. Age at entry has been reduced. Percentage of Loan payable as a percentage of Surrender Value shall depend upon policy term. GSV percentage shall also depend on policy term and year of Surrender. Rebates for high SA and premium mode modified. To Know more visit: http://licofindiadelhi.weebly.com/lics-new-endowment-plan.html LIC’s New Endowment Plan – Changes over Table No.14 LIC’s New Endowment Plan – Changes over Table No.14