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. 1,00,00,000 1,54,52,500 19,29,250.00
(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 19,29,250.00 44,116.00 19,73,366.00
Instalment premium with GST @ 4.50% (1st year) 20,16,066.00 46,101.00 20,62,167.00
Instalment premium with GST @ 2.25% (2nd year onwards) 19,72,658.13 45,108.61 20,17,766.74
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 1929250 400000 0 0 15852500 0 0

2 3858500 800000 0 0 16252500 1157550 0

3 5787750 1200000 0 0 16652500 2049713 1053433

4 7717000 1600000 0 0 17052500 3906980 2810551

5 9646250 2000000 0 0 17452500 4904325 5270655

6 9646250 2000000 0 0 17452500 4924925 6719213

7 9646250 2000000 0 0 17452500 4945725 8167770

8 9646250 2000000 0 0 17452500 5109090 9616328

9 9646250 2000000 0 0 17452500 5272454 11064885

10 9646250 2000000 0 0 17452500 5435819 12513443

11 9646250 2000000 1000000 0 17452500 5600148 12536131

12 9646250 2000000 1000000 0 17452500 4763512 12560564

13 9646250 2000000 1000000 0 17452500 3926877 12583253

14 9646250 2000000 1000000 0 17452500 3090241 12609431

15 9646250 2000000 1000000 0 17452500 2253806 12633865

16 9646250 2000000 1000000 0 17452500 1417170 12660044

17 9646250 2000000 1000000 0 17452500 580535 12686222

18 9646250 2000000 1000000 0 17452500 0 12712401

19 9646250 2000000 1000000 0 17452500 0 12738580

20 9646250 2000000 1000000 0 17452500 0 12766504

21 9646250 2000000 1000000 0 17452500 0 12794428

22 9646250 2000000 1000000 0 17452500 0 12820607

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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 9646250 2000000 1000000 0 17452500 0 12848531

24 9646250 2000000 1000000 0 17452500 0 12878200

25 9646250 2000000 1000000 0 17452500 0 12906124

26 9646250 2000000 1000000 0 17452500 0 12934048

27 9646250 2000000 1000000 0 17452500 0 12963717

28 9646250 2000000 1000000 0 17452500 0 12993386

29 9646250 2000000 1000000 0 17452500 0 13021310

30 9646250 2000000 1000000 0 17452500 0 13050980

31 9646250 2000000 1000000 0 17452500 0 13078904

32 9646250 2000000 1000000 0 17452500 0 13108573

33 9646250 2000000 1000000 0 17452500 0 13136497

34 9646250 2000000 1000000 0 17452500 0 13164421

35 9646250 2000000 1000000 0 17452500 0 13192345

36 9646250 2000000 1000000 0 17452500 0 13218524

37 9646250 2000000 1000000 0 17452500 0 13246448

38 9646250 2000000 1000000 0 17452500 0 13270881

39 9646250 2000000 1000000 0 17452500 0 13297060

40 9646250 2000000 1000000 0 17452500 0 13321493

41 9646250 2000000 1000000 0 17452500 0 13344182

42 9646250 2000000 1000000 0 17452500 0 13366870

43 9646250 2000000 1000000 0 17452500 0 13387813

44 9646250 2000000 1000000 0 17452500 0 13407011

45 9646250 2000000 1000000 0 17452500 0 13426208

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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 9646250 2000000 1000000 0 17452500 0 13445406

47 9646250 2000000 1000000 0 17452500 0 13461113

48 9646250 2000000 1000000 0 17452500 0 13476821

49 9646250 2000000 1000000 0 17452500 0 13492528

50 9646250 2000000 1000000 0 17452500 0 13504745

51 9646250 2000000 1000000 0 17452500 0 13516961

52 9646250 2000000 1000000 0 17452500 0 13529178

53 9646250 2000000 1000000 0 17452500 0 13539650

54 9646250 2000000 1000000 0 17452500 0 13548376

55 9646250 2000000 1000000 0 17452500 0 13557102

56 9646250 2000000 1000000 0 17452500 0 13564083

57 9646250 2000000 1000000 0 17452500 0 13571064

58 9646250 2000000 1000000 0 17452500 0 13578045

59 9646250 2000000 1000000 0 17452500 0 13586771

60 9646250 2000000 1000000 0 17452500 0 13597243

61 9646250 2000000 1000000 0 17452500 0 13611205

62 9646250 2000000 1000000 0 17452500 0 13633893

63 9646250 2000000 1000000 0 17452500 0 13677524

64 9646250 2000000 1000000 0 17452500 0 13764787

65 9646250 2000000 1000000 0 17452500 0 13766532

66 9646250 2000000 1000000 0 17452500 0 13768277

67 9646250 2000000 1000000 0 17452500 0 17452500

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 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

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