LIC’s NEW ENDOWMENT PLAN Table No. 814

Endowment Assurance Plan LIC’s New Endowment Plan – Benefits 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. 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. The death benefit as defined above shall not be less than 105% of total premiums* paid as on the date of death. No change Modified ‘Sum Assured on Death' instead of SA.

What is Sum Assured on Death? LIC’s New Endowment Plan – Benefit on Death What is Sum Assured on Death? Sum Assured on Death shall be Higher of ~ Basic Sum Assured (BSA) OR 10 times Annualised Premium.(10 x AP). [*The premiums mentioned in death benefit are excluding taxes, extra premiums and premiums for riders, if any]

LIC’s New Endowment Plan Endowment Assurance Plan Eligibility Conditions and Restrictions Particulars Table No. 14 Endowment Assurance Plan Table No. 814 New Endowment Plan Age at entry 12 to 65 years 8 to 55 years Age at Maturity Maximum 75 years Maximum 75 Years Policy Term 5 to 55 years 12 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) Age at entry modified Policy term modified Minimum Sum Assured Modified

LIC’s New Endowment Plan ~ Rebates Endowment Assurance Plan Mode Rebate Table No. 14 Table No. 814 Yearly 3% of tabular Premium 2% of tabular premium Half-yearly 1.5% of tabular premium 1% of tabular premium Quarterly Nil Rate modified Slab & Rate modified Table No 14 Endowment Assurance Plan Table No. 814 New Endowment Plan Basic Sum Assured Rebate (Rs.) 100001 and above 2.00‰ SA 5,00,000 and above 3.00‰ BSA 50001 to 100000 1.00‰ SA 2,00,000 to 4,95,000 2.00‰ BSA Upto 50000 Nil <1,95,000

LIC’s New Endowment Plan ~ Policy Loan Endowment Assurance Plan 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. % of loan modified Policy Term Upto 23 24 to 27 28 to 31 32 to 35 % for inforce policies 90% 80% 70% 60% % for Paid-up policies 50%

LIC’s New Endowment Plan ~ Surrender Value Table No.14 Table 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% No Change GSV % modified Bonus Payablemodified

Endowment Assurance Plan LIC’s New Endowment Plan No change in SSV 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 Payable Surrender Value payable The Higher of Guaranteed Surrender Value and Special Surrender Value shall be payable.

Endowment Assurance Plan LIC’s New Endowment Plan ~ Table No. 814 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

‘Sum Assured on Death’ has been defined separately. LIC’s New Endowment Plan – Changes over Table No.14 ‘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.