Specially Designed For

Nitin Sharma

Jeevan Labh
Introduction
Life is unpredictable. To help you take control of your life, you need insurance.
Which brings us to the most common dilemma you face what to choose.
That’s why there is Life Insurance Corporation. The biggest life insurance
company in India, with a network of over 13 lakh agents and 2048 branches all
over India. With the highest claim settlement record in the world and a
customer base of over 30 crore policy holders, LIC brings with it a world of
experience. LIC Offers you customized insurance products that suit your
specific needs, and helps you plan for a secure future.

Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East, Phone 9819416537 No 1
Mumbai 400057 Email mandarnd@gmail.com Date 28/02/2017
Bimamitra Bimamitra Jeevan Labh
Bimamitra Bimamitra

Unique Identification No. 512N304V01

Bimamitra Bimamitra

T
Table No. his is a fixed term policy. The premium has to be paid till the end of the Premium Paying
term or till the death of the policy holder whichever is earlier. The allowed terms are 16,

836
Bimamitra Bimamitra 21 and 25. In case, the policy holder dies before the end of the policy term, the 'sum
assured on death' along with bonus and FAB, if any, is paid to the nominee. If the policy holder
survives till the end of the term, he gets sum assured plus bonus plus FAB, if any.
Bimamitra Bimamitra
Released on

Jan 04, 2016 This is a fixed term policy which provides the policy holder an option
Bimamitra Bimamitra to select Premium Paying Term of his own choice.

Bimamitra Bimamitra

Maturity
Bimamitra Bimamitra On survival to the end of the policy term, B.S.A. Alongwith Vested Simple Reversionary
Bonuses and FAB, if any, shall be payable.
Benefits
Bimamitra Bimamitra

Bimamitra Bimamitra
On death of the Life Assured during the policy term, the Death Benefit i.e. S.A. On Death + Vested
Simple Reversionary Bonuses + FAB, if any, shall be payable.
Death
Bimamitra Bimamitra S.A. On death is higher of B.S.A. Or 10 times of Annualised Premium. This Death Benefit shall not
Benefits be less than 105% of total premiums paid as on date of death. The Premiums mentioned above
exclude taxes, extra premium and rider premiums, if any.

Bimamitra Bimamitra

Bimamitra Bimamitra
Min. age at entry 8 yrs (completed) *

Criteria
Bimamitra Bimamitra For 16 yrs Term - 59 yrs (nbd)

Max. age at entry For 21 yrs Term - 54 yrs (nbd)

Bimamitra Bimamitra For 25 yrs Term - 50 yrs (nbd)

Policy Terms 16, 21 & 25 yrs

Bimamitra Bimamitra Premium Paying Terms 10, 15 & 16 yr PPT for 16, 21 & 25 Term Respectively

Min. Basic S.A. Rs. 2,00,000 /-

Bimamitra Bimamitra Max. Basic S.A. No Limit

B.S.A. In multiple of Rs. 10,000

Bimamitra Bimamitra Modes allowed Yly, Hly, Qly, Mly(ECS), SSS

* Age at entry for the L.A. Is to be taken as nbd except for the min. Age at entry i.e. 8 yrs
Bimamitra Bimamitra

Bimamitra Bimamitra
Bimamitra
HighBimamitra
B.S.A. 2 Lac - 4,90,000 Nil
Rebate 5 Lac - 9,90,000 Rs. 1.25 per 1000 B.S.A.
Bimamitra Bimamitra
10 Lac - 14,90,000 Rs. 1.5 per 1000 B.S.A.

15 Lac & Above Rs. 1.75 per 1000 B.S.A.

Bimamitra Bimamitra

Bimamitra Bimamitra
Mode Yly 2%
Rebate
Bimamitra Bimamitra Hly 1%

Qly / Mly (ECS) Nil

Bimamitra Bimamitra

Bimamitra Bimamitra
Accidental Death & Disability Benefit Riders can be opted at any policy anniversary during the
term of the policy by payment of additional premium. An additional amount equal to the Accident
Optional Benefit S.A. Is payable on death due to accident, provided the Rider is in force at the time of accident.
Bimamitra
Benefits Bimamitra This benefit will be available only till the policy anniversary on which the age of L.A. Is 70 yrs. (Nbd).

Bimamitra Bimamitra
Eligibility Conditions for ADDB Rider
Bimamitra Bimamitra Min. Entry Age 18 yrs (completed)

Max. Entry Age 65 yrs (near birthday)

Bimamitra Bimamitra Min. Cover Ceasing Age 70 yrs for (near birthday) in all other cases

Min. ABSA Rs. 10,000

Bimamitra Bimamitra Equal to B.S.A.#
Max. ABSA

ABSA in Multiples of Rs. 10,000

Bimamitra Bimamitra
# Overall Limit Rs. 1 Crore for B.S.A.

Bimamitra Bimamitra

Bimamitra Bimamitra
If, after at least three full years premium have been paid and any subsequent premiums be not
Paid-Up duly paid the policy shall not be wholly void, but shall subsist as a paid-up policy. B.S.A. Shall
Value
Bimamitra Bimamitra
be reduced to such a sum called paid-up S.A.

Bimamitra Bimamitra

Bimamitra Bimamitra Guaranteed Surrender Value (GSV) shall be a % of total premiums paid (net of taxes) excluding
any extra premiums and premiums for riders, if opted for. This % will depend on the policy term
GSV & and policy year in which the policy is surrendered.
SSV Bimamitra
Bimamitra The Special Surrender Value (SSV) will be the discounted value of the sum of Paid-up S.A. & the
Vested Simple Reversionary Bonuses. This is paid only if it is higher than GSV.

Bimamitra Bimamitra
Bimamitra Bimamitra
Underwriting Female lives category I / II / III
Requirements Age Proof Std./ NSAP-I / II / III
Bimamitra Bimamitra
Form No. 300 / 340

Dating Back (withing the F/Y) Allowed

Bimamitra Bimamitra
Non-Medical (General) Allowed

Non-medical (Prof.) Allowed

Bimamitra Bimamitra
Non-Medical (Special) Allowed

Bimamitra Bimamitra Risk Coverage Death Benefit

Actual Sum Assured (ASA) Basic S.A.

Bimamitra Bimamitra

Bimamitra Bimamitra

Bimamitra Bimamitra
Policy Policy Loan Yes
Servicing
Bimamitra Bimamitra Assignment Yes

Revival / Surrender Yes

Bimamitra Bimamitra Yes
Nomination

Cooling off period Yes

Bimamitra Bimamitra
NRI Yes

Keyman / Partnership No
Bimamitra Bimamitra
Employer-Employee Yes

Bimamitra Bimamitra

Bimamitra Bimamitra

Loan shall be granted after payment of at least 3 full years premiums. The max. Loan
Bimamitra Bimamitra that can be granted as a % of S.V. for different policy terms is as follows:
Loan
Policy Term % for inforce policies % for paid-up policies
Bimamitra Bimamitra
Upto 25 90% 80%

Bimamitra Bimamitra

Bimamitra Bimamitra

Bimamitra Bimamitra

Bimamitra Bimamitra
 Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East,
Mumbai 400057
Mobile : 9819416537
Email : mandarnd@gmail.com Jeevan Labh

Nitin Sharma
Age 30 No : 1

Plan Details
S.No Doc Plan Plan Name Term PPT Mode Sum Dab Rider Premium G.S.T. Bonus Maturity
Assured

1 17/01/2018 836 Jeevan Labh 25 16 Yly 7,50,000 7,50,000 37,353 1,681 50 20,25,000
Total 7,50,000 7,50,000 37,353 1,681 20,25,000

Rider Details
Plan Holder Rider Name Term PPT Sum Premium
S.No Assured

1 Nitin Sharma Term Rider 25 16 7,50,000 2,991

1 Nitin Sharma Accident & Permanent 25 16 7,50,000 975

Annual Premium, Risk Cover Details

Date Age Risk Cover Annual Tax Net Returns
Premium Saved Premium
Normal Accidental
17/01/2018 31 15,37,500 22,87,500 39,034 0 39,034 0
17/01/2019 32 15,75,000 23,25,000 38,193 0 38,193 0
17/01/2020 33 16,12,500 23,62,500 38,193 0 38,193 0
17/01/2021 34 16,50,000 24,00,000 38,193 0 38,193 0
17/01/2022 35 16,87,500 24,37,500 38,193 0 38,193 0
17/01/2023 36 17,25,000 24,75,000 38,193 0 38,193 0
17/01/2024 37 17,62,500 25,12,500 38,193 0 38,193 0
17/01/2025 38 18,00,000 25,50,000 38,193 0 38,193 0
17/01/2026 39 18,37,500 25,87,500 38,193 0 38,193 0
17/01/2027 40 18,75,000 26,25,000 38,193 0 38,193 0
17/01/2028 41 19,12,500 26,62,500 38,193 0 38,193 0
17/01/2029 42 19,50,000 27,00,000 38,193 0 38,193 0
17/01/2030 43 19,87,500 27,37,500 38,193 0 38,193 0
17/01/2031 44 20,25,000 27,75,000 38,193 0 38,193 0
17/01/2032 45 20,77,500 28,27,500 38,193 0 38,193 0
17/01/2033 46 21,18,750 28,68,750 38,193 0 38,193 0
17/01/2034 47 21,60,000 29,10,000 0 0 0 0
17/01/2035 48 22,01,250 29,51,250 0 0 0 0
17/01/2036 49 22,50,000 30,00,000 0 0 0 0
17/01/2037 50 23,02,500 30,52,500 0 0 0 0
17/01/2038 51 23,62,500 31,12,500 0 0 0 0
17/01/2039 52 24,37,500 31,87,500 0 0 0 0
17/01/2040 53 25,50,000 33,00,000 0 0 0 0
17/01/2041 54 26,62,500 34,12,500 0 0 0 0
17/01/2042 55 27,75,000 35,25,000 0 0 0 0
17/01/2043 56 0 0 0 0 0 20,25,000
Total 6,11,929 0 6,11,929 20,25,000

* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the illustration
is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
 Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East,
Mumbai 400057
Mobile : 9819416537
Email : mandarnd@gmail.com Jeevan Labh

Nitin Sharma
Age 30 No : 1

Premium & Returns

2025000
31 35 39 43 47 51 55 56
39034

38193

Returns Premium

Natural & Accidental Risk Cover

2287500

2400000

2512500

2625000

2737500

2868750

3000000

3187500

3525000
31 35 39 43 47 51 55 56
1537500

1650000

1762500

1875000

1987500

2118750

2250000

2437500

2775000
Accidental Risk Cover Natural Risk Cover

Permanent Disability After Accident During 7th Year

2025000
75000

31 35 39 43 47 51 55 56
39034

38193 3058

Returns Premium

Summary
Description Amount Maturity Breakup Details Amount

Min Risk Cover 15,37,500 SA 7,50,000

Max Risk Cover 27,75,000 Bonus 9,37,500
Min Accidental Risk Cover 22,87,500 FAB 3,37,500
Max Accidental Risk Cover 35,25,000
Total Premium Paid 6,11,929
Total G.S.T. 14,281
Total Tax Saved 0
Total Maturity 20,25,000
Yield (Actual Premium) 6.79 %
Yield (Net Premium) 6.93 %

* The above benefit illustration is for illustration purpose only and subject to payment of stipulated premiums on the due dates. The main objective of the illustration
is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
 Mandar Dhamdhere
2-25 , Parleshwar Society, Vileparle East,
Mumbai 400057
Mobile : 9819416537
Email : mandarnd@gmail.com Jeevan Labh

Nitin Sharma
Age 30 No : 1

Other Premium Details

S.No Doc Plan Term PPT Sum Assured Daily Yly Hly Qly SSS/MlyEcs Single

1 17/01/2018 836 25 16 7,50,000 107 39,034 19,716 9,958 3,319 0

Total 107 39,034 19,716 9,958 3,319 0

Special Medical Report

Holder Name Type SUC General Non Medical Special Non Medical Professional

Nitin Sharma Non-Health 1500000 FMR No Medical Required No Medical Required