LIC's Jeevan Utsav (Plan No.

871)

Benefit Illustration

LIC's Jeevan Utsav (Plan No. 871)

A Non-Linked, Non-Participating, Individual, Savings, Whole Life Insurance Plan
(Unique Identification Number - 512N363V01)

Distribution channel Online Agency name Not applicable Agency code Not applicable
Name of Age of
MOHAN KUMAR 31 years Date of illustration 08-01-2024
prospect/policyholder prospect/policyholder
Name of life assured MOHAN KUMAR Age of life assured 31 years Benefit UID/Proposal no. 240108092206696371
Mode of payment of
Policy term Whole life Premium payment term 12 years Yearly
premium
Sum assured on death Instalment premium
Basic sum assured Rs. 50,00,000 50,00,000 3,78,475.00
(at inception of the policy) Rs. (for base plan)

Option II - Flexi income benefit

This benefit illustration is intended to show year-wise premiums payable and benefits under the inforce policy.

Premium summary
Particular Base plan Riders1 Total instalment premium
Instalment premium without GST 3,78,475.00 0.00 3,78,475.00
Instalment premium with GST @ 4.50% (1st year) 3,95,506.00 0.00 3,95,506.00
Instalment premium with GST @ 2.25% (2nd year onwards) 3,86,990.69 0.00 3,86,990.69
GST rate shall be as applicable from time to time

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 LIC's Jeevan Utsav (Plan No. 871)

Benefits under base plan

(Amount in rupees)
Non
Guaranteed benefits guaranteed
Policy year Annualized Guaranteed benefits
(end of premium2(C addition3 Minimum
year) umulative) Flexi Special
Maturity Death guaranteed
income surrender
benefit5 benefit surrender
benefit4 value
value6
1 2 3 4 5 6 7 8

1 378475 200000 0 0 5200000 0 0

2 756950 400000 0 0 5400000 227085 0

3 1135425 600000 0 0 5600000 409399 220705

4 1513900 800000 0 0 5800000 781190 588793

5 1892375 1000000 0 0 6000000 986788 1104142

6 2270850 1200000 0 0 6200000 1196505 1567690

7 2649325 1400000 0 0 6400000 1410483 2112145

8 3027800 1600000 0 0 6600000 1673271 2737506

9 3406275 1800000 0 0 6800000 1951383 3443220

10 3784750 2000000 0 0 7000000 2244818 4230334

11 4163225 2200000 0 0 7200000 2553992 4844656

12 4541700 2400000 0 0 7400000 2878110 5500420

13 4541700 2400000 0 0 7400000 2970047 5849700

14 4541700 2400000 0 0 7400000 3061984 5850440

15 4541700 2400000 500000 0 7400000 3154161 5851180

16 4541700 2400000 500000 0 7400000 2746099 5851920

17 4541700 2400000 500000 0 7400000 2338036 5852660

18 4541700 2400000 500000 0 7400000 1930427 5853400

19 4541700 2400000 500000 0 7400000 1522364 5854140

20 4541700 2400000 500000 0 7400000 1114301 5854880

21 4541700 2400000 500000 0 7400000 706239 5855620

22 4541700 2400000 500000 0 7400000 298176 5856360

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 LIC's Jeevan Utsav (Plan No. 871)

(Amount in rupees)
Non
Guaranteed benefits guaranteed
Policy year Annualized Guaranteed benefits
(end of premium2(C addition3 Minimum
year) umulative) Flexi Special
Maturity Death guaranteed
income surrender
benefit5 benefit surrender
benefit4 value
value6
1 2 3 4 5 6 7 8

23 4541700 2400000 500000 0 7400000 0 5857100

24 4541700 2400000 500000 0 7400000 0 5857840

25 4541700 2400000 500000 0 7400000 0 5858580

26 4541700 2400000 500000 0 7400000 0 5859320

27 4541700 2400000 500000 0 7400000 0 5860060

28 4541700 2400000 500000 0 7400000 0 5860800

29 4541700 2400000 500000 0 7400000 0 5861540

30 4541700 2400000 500000 0 7400000 0 5862280

31 4541700 2400000 500000 0 7400000 0 5863020

32 4541700 2400000 500000 0 7400000 0 5863760

33 4541700 2400000 500000 0 7400000 0 5864500

34 4541700 2400000 500000 0 7400000 0 5865240

35 4541700 2400000 500000 0 7400000 0 5865980

36 4541700 2400000 500000 0 7400000 0 5866720

37 4541700 2400000 500000 0 7400000 0 5867460

38 4541700 2400000 500000 0 7400000 0 5868200

39 4541700 2400000 500000 0 7400000 0 5868940

40 4541700 2400000 500000 0 7400000 0 5869680

41 4541700 2400000 500000 0 7400000 0 5870420

42 4541700 2400000 500000 0 7400000 0 5871160

43 4541700 2400000 500000 0 7400000 0 5871900

44 4541700 2400000 500000 0 7400000 0 5872640

45 4541700 2400000 500000 0 7400000 0 5873380

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 LIC's Jeevan Utsav (Plan No. 871)

(Amount in rupees)
Non
Guaranteed benefits guaranteed
Policy year Annualized Guaranteed benefits
(end of premium2(C addition3 Minimum
year) umulative) Flexi Special
Maturity Death guaranteed
income surrender
benefit5 benefit surrender
benefit4 value
value6
1 2 3 4 5 6 7 8

46 4541700 2400000 500000 0 7400000 0 5874120

47 4541700 2400000 500000 0 7400000 0 5874860

48 4541700 2400000 500000 0 7400000 0 5875600

49 4541700 2400000 500000 0 7400000 0 5876340

50 4541700 2400000 500000 0 7400000 0 5877080

51 4541700 2400000 500000 0 7400000 0 5877820

52 4541700 2400000 500000 0 7400000 0 5878560

53 4541700 2400000 500000 0 7400000 0 5879300

54 4541700 2400000 500000 0 7400000 0 5880040

55 4541700 2400000 500000 0 7400000 0 5880780

56 4541700 2400000 500000 0 7400000 0 5881520

57 4541700 2400000 500000 0 7400000 0 5882260

58 4541700 2400000 500000 0 7400000 0 5883000

59 4541700 2400000 500000 0 7400000 0 5883740

60 4541700 2400000 500000 0 7400000 0 5884480

61 4541700 2400000 500000 0 7400000 0 5885220

62 4541700 2400000 500000 0 7400000 0 5885960

63 4541700 2400000 500000 0 7400000 0 5886700

64 4541700 2400000 500000 0 7400000 0 5887440

65 4541700 2400000 500000 0 7400000 0 5888180

66 4541700 2400000 500000 0 7400000 0 5888920

67 4541700 2400000 500000 0 7400000 0 5889660

68 4541700 2400000 500000 0 7400000 0 5890400

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 LIC's Jeevan Utsav (Plan No. 871)

(Amount in rupees)
Non
Guaranteed benefits guaranteed
Policy year Annualized Guaranteed benefits
(end of premium2(C addition3 Minimum
year) umulative) Flexi Special
Maturity Death guaranteed
income surrender
benefit5 benefit surrender
benefit4 value
value6
1 2 3 4 5 6 7 8

69 4541700 2400000 500000 0 7400000 0 7400000

Notes:

The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of the benefit with some level of quantification.
This illustration is applicable to a standard (from medical, life style and occupation point of view) life.

1. It includes rider(s) premiums in respect of all the rider(s) opted by the proposer / policyholder at inception of the policy.
2. Annualized premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and goods & service tax. The
annualized premium shown is cumulative and payable during premium payment term only.
3. The guaranteed additions shall accrue at the end of each policy year, throughout the premium paying term.
4. On survival of life assured, the policyholder shall be eligible for flexi income benefit at the end of policy year. Policyholder shall have the flexibility to defer and accumulate
such flexi income benefit(s).
The Corporation shall pay interest on the deferred and accumulated flexi income benefit at the rate of 5.5% p.a. compounding yearly for completed months from its due
date till the date of withdrawal or surrender or death, whichever is earlier.
Policyholder on written request can withdraw once in a policy year, a maximum of 75% of balance accumulated flexi income benefit(s) including interest, if any, which has
not already been withdrawn and the net amount after withdrawal will continue to accumulate as mentioned above.
The accumulated flexi income benefit(s) due and not withdrawn along with interest (if any) shall be payable on death or surrender, whichever is earlier.
5. Maturity value is not available under this plan.
6. Special surrender value may however be payable, if it is more favourable to the policyholder. Special surrender value are subject to revision from time to time after prior
approval of the Regulator.

Refer sales literature for explanation of terms used in this illustration.

I, ________________________________________ (name), having received

the information with respect to the above, have understood the above statement
before entering into the contract.
Place :
Date : Signature of prospect/policyholder

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