LICs NEW MONEY BACK PLAN 25 Years Plan

LIC’s NEW MONEY BACK PLAN 25 Years ( Plan No. 821 ) UIN: 51278 VO 1

LIC’s New Money Back Plan -25 years ~ Benefits Money Back Plan -25 years Plan No. 93 Maturity Benefit No change New Money Back Plan – 25 years Plan No. 821 Maturity Benefit 40% of the Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any. Modification- ‘Sum Final Additional Bonus, if Any Death Benefit Assured on Death' instead of SA Sum Assured(SA) along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any. Death Benefit ‘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.

LIC’s New Money Back Plan -25 years ~ Benefits What is Sum Assured on Death? Sum Assured on Death shall be Higher of ~ 125% of Basic Sum Assured (1. 25 x BSA) OR 10 times Annualised Premium. (10 x AP). [*Premiums - excluding taxes, extra premiums and premiums for riders, if any]

LIC’s New Money Back Plan -25 years ~ Benefits Survival Benefit Policy Year Survival Benefit Payable 5 th 10 th 15 th 20 th 15% 15% Paid-up Value modified Money Back Plan -25 years Plan No. 93 NO Change in SB New Money Back Plan – 25 years Plan No. 821 Paid-up value per thousand Sum Assured Year ‰ Paid –up value shall be equal to [(Number 6, 11, 16 62 20 90 of premiums paid/ Total Number of 2, 7, 12, 17 124 21 152 3, 8, 13, 18 186 22 214 4, 9, 14, 19 248 23 276 24 338 25 400 premiums payable)x Basic Sum Assured less total amount of Survival Benefits paid under the policy.

LIC’s New Money Back Plan -25 years ~ Eligibility Conditions and Restrictions Particulars Age at entry Money Back Plan -25 years ( Plan No. 93) 13 to 45 years New Money Back Plan – 25 years ( Plan No. 821) 13 to 45 years Age at Maturity Maximum 70 years Maximum 70 Years Policy Term 25 years Premium Paying Term 25 Years 20 Years Premium mode Yearly, Half-yearly, Quarterly, Monthly (SSS or ECS) Basic Sum Assured 50, 000 and above Minimum SA modified 1, 000 and above ( In multiples of 5000) Premium Paying term modified

LIC’s New Money Back Plan -25 years ~ Rebates Mode Rate modified Rebate Plan No. 93 Plan No. 821 Yearly 3% of tabular Premium 2% of tabular premium Half-yearly 1. 5% of tabular premium 1% of tabular premium Quarterly Nil Slab & Rate modified Money Back Plan -25 years Plan No. 93 New Money Back Plan – 25 years Plan No. 821 Basic Sum Assured Rebate (Rs. ) 1, 000 and above 2. 00‰ SA 5, 000 and above 3. 00‰ BSA 50001 to 1, 000 1. 00‰ SA 2, 000 to 4, 95, 000 2. 00‰ BSA Upto 50000 Nil 1, 000 to 1, 95, 000 Nil

LIC’s New Money Back Plan -25 years ~ Loan Money Back Plan -25 years Plan No. 93 New Money Back Plan – 25 years Plan No. 821 Available after payment of 3 full years premiums. % of loan modified premiums. Loan granted shall be 90% of the The maximum amount of loan that can be granted Surrender Value in case of inforce as a percentage of Surrender Value be as under: policies and 85% of the Surrender Value For inforce and fully paid-up policies – upto 90% in case of Paid-up policies. For paid-up policies – 80% Foreclosure action shall be initiated on Foreclosure action shall not be taken under fully default of 2 or more half-yearly loan paid-up and inforce policies even if there is interest installments. default of loan interest.

LIC’s New Money Back Plan -25 years ~ Surrender Value Plan No. 93 Plan No. 821 Guaranteed Surrender Value (GSV) Available after payment of 3 full years premiums. Before Payment of Survival Benefit: GSV shall be equal to 30% of the total premiums paid less First Year Premium and extra premium, if any. After Payment of Survival Benefit: GSV shall be 30% of the premiums paid after the due date on which last SB was paid less 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. Less any Survival Benefits already paid. Examples of GSV factors applicable for total premiums paid Policy Year ~ GSV factor 3 = 30% 5 = 50% t -1 = 80% (t=Policy Term) GSV % modified Cash Value of vested bonuses, if any. Bonus Payable modified No Change GSV factor applicable to vested bonus, if any. Examples of Vested bonus factors – Year of SV – Factor 3 15. 28% 20 21. 99% 24 30%

LIC’s New Money Back Plan -25 years ~ Surrender Value No change in SSV Money Back Plan -25 years Plan No. 93 New Money Back Plan – 25 years Plan No. 821 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 special surrender value factors as provided in Table 1 A 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.

LIC’s New Money Back Plan -25 years Plan No. 93 New Money Back Plan – 25 years Plan No. 821 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 Assignment/Nomination