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 32 years Date of illustration 28-03-2024
prospect/policyholder prospect/policyholder
Name of life assured Age of life assured 33 years Benefit UID/Proposal no.
Mode of payment of
Policy term Whole life Premium payment term 5 years Yearly
premium
Sum assured on death Instalment premium
Basic sum assured Rs. 10,00,000 15,45,250 1,96,175.00
(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 1,96,175.00 17,196.00 2,13,371.00
Instalment premium with GST @ 4.50% (1st year) 2,05,003.00 17,970.00 2,22,973.00
Instalment premium with GST @ 2.25% (2nd year onwards) 2,00,588.94 17,582.91 2,18,171.85
GST rate shall be as applicable from time to time

Page 1
 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 196175 40000 0 0 1585250 0 0

2 392350 80000 0 0 1625250 117705 0

3 588525 120000 0 0 1665250 208384 105343

4 784700 160000 0 0 1705250 397198 281055

5 980875 200000 0 0 1745250 498558 527066

6 980875 200000 0 0 1745250 500618 671921

7 980875 200000 0 0 1745250 502698 816777

8 980875 200000 0 0 1745250 519274 961633

9 980875 200000 0 0 1745250 535851 1106489

10 980875 200000 0 0 1745250 552428 1251344

11 980875 200000 100000 0 1745250 569103 1253613

12 980875 200000 100000 0 1745250 485680 1256056

13 980875 200000 100000 0 1745250 402257 1258325

14 980875 200000 100000 0 1745250 318834 1260943

15 980875 200000 100000 0 1745250 235431 1263386

16 980875 200000 100000 0 1745250 152008 1266004

17 980875 200000 100000 0 1745250 68585 1268622

18 980875 200000 100000 0 1745250 0 1271240

19 980875 200000 100000 0 1745250 0 1273858

20 980875 200000 100000 0 1745250 0 1276650

21 980875 200000 100000 0 1745250 0 1279443

22 980875 200000 100000 0 1745250 0 1282061

Page 2
 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 980875 200000 100000 0 1745250 0 1284853

24 980875 200000 100000 0 1745250 0 1287820

25 980875 200000 100000 0 1745250 0 1290612

26 980875 200000 100000 0 1745250 0 1293405

27 980875 200000 100000 0 1745250 0 1296372

28 980875 200000 100000 0 1745250 0 1299339

29 980875 200000 100000 0 1745250 0 1302131

30 980875 200000 100000 0 1745250 0 1305098

31 980875 200000 100000 0 1745250 0 1307890

32 980875 200000 100000 0 1745250 0 1310857

33 980875 200000 100000 0 1745250 0 1313650

34 980875 200000 100000 0 1745250 0 1316442

35 980875 200000 100000 0 1745250 0 1319234

36 980875 200000 100000 0 1745250 0 1321852

37 980875 200000 100000 0 1745250 0 1324645

38 980875 200000 100000 0 1745250 0 1327088

39 980875 200000 100000 0 1745250 0 1329706

40 980875 200000 100000 0 1745250 0 1332149

41 980875 200000 100000 0 1745250 0 1334418

42 980875 200000 100000 0 1745250 0 1336687

43 980875 200000 100000 0 1745250 0 1338781

44 980875 200000 100000 0 1745250 0 1340701

45 980875 200000 100000 0 1745250 0 1342621

Page 3
 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 980875 200000 100000 0 1745250 0 1344541

47 980875 200000 100000 0 1745250 0 1346111

48 980875 200000 100000 0 1745250 0 1347682

49 980875 200000 100000 0 1745250 0 1349253

50 980875 200000 100000 0 1745250 0 1350474

51 980875 200000 100000 0 1745250 0 1351696

52 980875 200000 100000 0 1745250 0 1352918

53 980875 200000 100000 0 1745250 0 1353965

54 980875 200000 100000 0 1745250 0 1354838

55 980875 200000 100000 0 1745250 0 1355710

56 980875 200000 100000 0 1745250 0 1356408

57 980875 200000 100000 0 1745250 0 1357106

58 980875 200000 100000 0 1745250 0 1357805

59 980875 200000 100000 0 1745250 0 1358677

60 980875 200000 100000 0 1745250 0 1359724

61 980875 200000 100000 0 1745250 0 1361120

62 980875 200000 100000 0 1745250 0 1363389

63 980875 200000 100000 0 1745250 0 1367752

64 980875 200000 100000 0 1745250 0 1376479

65 980875 200000 100000 0 1745250 0 1376653

66 980875 200000 100000 0 1745250 0 1376828

67 980875 200000 100000 0 1745250 0 1745250

Page 4
 LIC's Jeevan Utsav (Plan No. 871)

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

Page 5