LIC's Jeevan Utsav (Plan No.

771)

Benefit Illustration

LIC's Jeevan Utsav (Plan No. 771)

A Non-Linked, Non-Participating, Individual, Savings, Whole Life Insurance Plan
(Unique Identification Number - 512N363V02)

Distribution channel Online Agency name Not applicable Agency code Not applicable
Name of Age of
Sanjeev Kumar 38 years Date of illustration 26-11-2024
prospect/policyholder prospect/policyholder
Name of life assured Sanjeev Kumar Age of life assured 38 years Benefit UID/Proposal no.
Mode of payment of
Policy term Whole life Premium payment term 16 years Monthly
premium
Sum assured on death Instalment premium
Basic sum assured Rs. 20,00,000 20,00,000 9,279.00
(at inception of the policy) Rs. (for base plan)

Option I - Regular 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 9,279.00 1,802.00 11,081.00
Instalment premium with GST @ 4.50% (1st year) 9,697.00 1,883.00 11,580.00
Instalment premium with GST @ 2.25% (2nd year onwards) 9,487.78 1,842.55 11,330.32
GST rate shall be as applicable from time to time.

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 LIC's Jeevan Utsav (Plan No. 771)

Benefits under base plan

(Amount in rupees)
Non
Guaranteed benefits guaranteed
Policy year Annualized Guaranteed benefits
(end of premium2(C addition3 Minimum
year) umulative) Regular Special
Maturity Death guaranteed
income surrender
benefit4 benefit surrender
benefit value
value5
1 2 3 4 5 6 7 8

1 107380 80000 0 0 2080000 0 15621

2 214760 160000 0 0 2160000 66809 70403

3 322140 240000 0 0 2240000 121715 125006

4 429520 320000 0 0 2320000 232392 247906

5 536900 400000 0 0 2400000 294610 332486

6 644280 480000 0 0 2480000 358476 428142

7 751660 560000 0 0 2560000 424046 536174

8 859040 640000 0 0 2640000 504400 657796

9 966420 720000 0 0 2720000 589697 794401

10 1073800 800000 0 0 2800000 679939 947773

11 1181180 880000 0 0 2880000 775246 1119489

12 1288560 960000 0 0 2960000 875387 1311468

13 1395940 1040000 0 0 3040000 980471 1526145

14 1503320 1120000 0 0 3120000 1090499 1765719

15 1610700 1200000 0 0 3200000 1205591 2032568

16 1718080 1280000 0 0 3280000 1325515 2330372

17 1718080 1280000 0 0 3280000 1365066 2505020

18 1718080 1280000 0 0 3280000 1404796 2694300

19 1718080 1280000 200000 0 3280000 1444347 2698976

20 1718080 1280000 200000 0 3280000 1283898 2703628

21 1718080 1280000 200000 0 3280000 1123449 2708524

22 1718080 1280000 200000 0 3280000 963000 2713296

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 LIC's Jeevan Utsav (Plan No. 771)

(Amount in rupees)
Non
Guaranteed benefits guaranteed
Policy year Annualized Guaranteed benefits
(end of premium2(C addition3 Minimum
year) umulative) Regular Special
Maturity Death guaranteed
income surrender
benefit4 benefit surrender
benefit value
value5
1 2 3 4 5 6 7 8

23 1718080 1280000 200000 0 3280000 802680 2718480

24 1718080 1280000 200000 0 3280000 642409 2723688

25 1718080 1280000 200000 0 3280000 481960 2729148

26 1718080 1280000 200000 0 3280000 321511 2734740

27 1718080 1280000 200000 0 3280000 161063 2740732

28 1718080 1280000 200000 0 3280000 614 2746756

29 1718080 1280000 200000 0 3280000 0 2753060

30 1718080 1280000 200000 0 3280000 0 2759336

31 1718080 1280000 200000 0 3280000 0 2766240

32 1718080 1280000 200000 0 3280000 0 2773156

33 1718080 1280000 200000 0 3280000 0 2780144

34 1718080 1280000 200000 0 3280000 0 2787592

35 1718080 1280000 200000 0 3280000 0 2794964

36 1718080 1280000 200000 0 3280000 0 2802628

37 1718080 1280000 200000 0 3280000 0 2810068

38 1718080 1280000 200000 0 3280000 0 2818060

39 1718080 1280000 200000 0 3280000 0 2825720

40 1718080 1280000 200000 0 3280000 0 2833824

41 1718080 1280000 200000 0 3280000 0 2841528

42 1718080 1280000 200000 0 3280000 0 2849608

43 1718080 1280000 200000 0 3280000 0 2857220

44 1718080 1280000 200000 0 3280000 0 2864812

45 1718080 1280000 200000 0 3280000 0 2872524

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 LIC's Jeevan Utsav (Plan No. 771)

(Amount in rupees)
Non
Guaranteed benefits guaranteed
Policy year Annualized Guaranteed benefits
(end of premium2(C addition3 Minimum
year) umulative) Regular Special
Maturity Death guaranteed
income surrender
benefit4 benefit surrender
benefit value
value5
1 2 3 4 5 6 7 8

46 1718080 1280000 200000 0 3280000 0 2879492

47 1718080 1280000 200000 0 3280000 0 2886532

48 1718080 1280000 200000 0 3280000 0 2893128

49 1718080 1280000 200000 0 3280000 0 2899032

50 1718080 1280000 200000 0 3280000 0 2904096

51 1718080 1280000 200000 0 3280000 0 2908400

52 1718080 1280000 200000 0 3280000 0 2911388

53 1718080 1280000 200000 0 3280000 0 2912504

54 1718080 1280000 200000 0 3280000 0 2911480

55 1718080 1280000 200000 0 3280000 0 2907392

56 1718080 1280000 200000 0 3280000 0 2907392

57 1718080 1280000 200000 0 3280000 0 2907392

58 1718080 1280000 200000 0 3280000 0 2907392

59 1718080 1280000 200000 0 3280000 0 2907392

60 1718080 1280000 200000 0 3280000 0 2907392

61 1718080 1280000 200000 0 3280000 0 2907392

62 1718080 1280000 200000 0 3280000 0 3280000

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 showing the flow of benefits up to 100 years of age of life assured. For the later years, benefit amounts as shown for last policy year in the above illustration will
be applicable
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.

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 LIC's Jeevan Utsav (Plan No. 771)

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. Maturity value is not available under this plan.
5. 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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