UIN No: 512N312V01. Survival Benefit. = 8% of Basic SA Every Yea = `40,000. Maturity Benefit

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1 PLAN 845: LIC s JEEVAN UMANG (Cir: PD/97 Dtd 12/5/217, NB&R/167 Dtd 12/5/217, Launch Date: 16/5/217) DETAILS: This is a limited premium, non-linked, with profits Whole Life Plan. This plan provides for annual Survival Benefits from end of till Maturity (Age of 1 years) or earlier death. DATE OF COMMENCEMENT OF RISK: For age at entry less than 8 years LBD : One day before completion of 2 years from DOC or one day before Anniversary after completion of age of 8 years LBD, whichever is earlier. For age at entry 8 years LBD or more: Risk will commence immediately. SUM ASSURED ON DEATH: Basic Sum assured UIN No: 512N312V1 DEATH BENEFIT: Before Commencement of Risk: Refund of Premiums paid Excluding GST & Extra Commencement of risk :Sum Assured on Death + Vested Bonus + if any. SURVIVAL BENEFIT: 8% of Basic SA - From end of till Maturity or earlier death. MATURITY BENEFIT: Basic SA + Vested Bonus ( & ) + if any. Example: Age- 35, S.A.- `5,,, : 65 years ( 1-35), -2 yrs, Entry In case of Death Maturity at Age 35 at Age 4 Age 55 Age 1 Death Benefit Premium Stops = 8% of Basic SA Every Yea = `4, Maturity Benefit = Basic S.A. + Vested Bonus ( ) + Vested Bonus ( ) + = `5,, + `5,5, ( 55x5x2) + `6,7,5 (27x5x45) +`34,85, (697x5) = `51,42,5 = SA on Death + Vested Bonus for 5 years + = `5,, + `1,37,5 (55x5x5) + Nil = `6,37,5 Survival Benefit In case Rider is opted for `5,, : Additional `5,, will be paid. Total Natural Death Benefit: `6,37,5 + `5,,= `11,37,5 In case of Accidental Death (If ADDB or Accident Rider is opted): Additional ` 5,, will be paid along with Natural Death Benefit. Total: `11,37,5 + `5,,= `16,37,5 Features & Conditions: Min. age at entry : 9 days Completed & Max. age at entry : Age NBD Age at Maturity : 1 years NBD : 1 minus Age at Entry Min. Age at end of : 3 years NBD Max. Age at end of : 7 years NBD Minimum S.A. : `2,,/- & in multiples of ` 25, thereafter. Maximum S.A. : No limit Available Riders: 1. ADDB Rider (Upto Age 7) OR Accident Benefit Rider Upto. 2. Rider Upto 35 Yrs term OR Age 75 whichever is earlier. 3. Critical Illness Rider Upto 35 Yrs term OR Age 75 whichever is earlier. Mode of Payment: Yearly, Half Yly, Qly & Mly ( SSS & NACH) Rebates: Mode Rebate Yearly : 2%, Half Yly : 1 % High Basic S.A. Rebate Upto 4.75 lacs : Nil 5 lacs to 9.75 lacs : ` 1.25 %o Basic SA 1 lacs to lacs : ` 1.75 %o Basic SA 25 lacs & Above : ` 2. %o Basic SA Grace Period: One calendar month, Min 3 days. 15 Days for mly mode. Claim Concessions: Available Paid Up/ Surrender/ Loan: payment of premium of 3 full years. Revivals: Within 2 years of FUP. Back Dating: Allowed with lean Month s benefits. Proposal Form: 3, 34 or 36 Tax Benefits : On Basic Premiums SB/Maturity/Death claim : u/s 8C : u/s 1(1D) Underwriting Rules: Without & CI Rider Actual Sum Assured (ASA) for SUC: For FMR, Special Reports, MHR & TRSA: Basic S.A. only. Non -Medical Schemes: All Allowed. Non-Standard Age Proofs: All Allowed. Female Lives: All Allowed. Pregnant ladies: Cat A(i) & A(ii) only up to 24 weeks of pregnancy. Minor lives/major Students: Max rated up S.A. inclusive of all plans `2crore & Standard Minor lives only. S.A. beyond `2crore / substandard minor lives at ZUS/CUS only with MM s recommendation. Sub-Standard Major lives: Up to EMR Class Ten only. Physically Handicapped lives should be gainfully employed. Occupation/Residence Extra: Rated up Factors for Standard Extra: Refer Annexure of NB&R/167 Circular. Keyman/Partnership/Empl-Employee: Allowed only under Employer-Employee NRIs & FNIOs Residence Group: Group I & II : Not Allowed. Group III & IV : Allowed with extra. Group V : Allowed without extra. Minors & Housewives: Group IV & V only. NMS : Group V only. Mail Order : Only NRIs of Group V. With & CI Rider: Underwriting Rules of & CI Rider will be applicable. 124 / Prerana Induction Training - Whole Life Plans

2 Bonus & rates under Jeevan Umang Age at Entry Bonus Rates per 1 Basic SA as per Bonus Rates of Premium Paying 15 years 2 years 25 years 3 years -14 NA NA NA NA Final Additional Bonus Rates per 1 Basic SA as Per Benefit Illustration Scenario-2 i.e. Gross Investment Note: rates mentioned above are arrived at by doing reverse calculation from GSV of Bonus Rates given under Benefit Illustration at Gross Investment returns of 8%. Prerana Induction Training - Whole Life Plans / 125

3 JEEVAN UMANG Example Age 35 Presentation Details SNo Date of Plan Name of Plan Mode Sum Assured Commence Accident Benefit Premium G.S.T. Bonus / G.A* Maturity Amount 1 17/9/ Jeevan Umang 65 2 Yly 5,, 5,, 26,754 1, ,42,5 Total 5,, 5,, 26,754 1,24 51,42,5 Annual Premium, Risk Cover & Loan Availability Table* The below table shows the Annual Premium Paid, Risk Cover, Returns & Loan Availability at the end of each year. The Tax saved is Year Age Risk Cover Annual Tax Saved Nett. Returns From *Surrender *Total Loan Premium Premium LIC Value Available Normal Accident With GST ,27,5 1,27,5 27,958 27, ,55, 1,55, 27,356 27, ,82,5 1,82,5 27,356 27,356 23,494 21, ,1, 11,1, 27,356 27,356 67,883 57, ,37,5 11,37,5 27,356 27,356 85,321 73, ,65, 11,65, 27,356 27,356 1,2,946 89, ,92,5 11,92,5 27,356 27,356 1,28,11 1,6, ,2, 12,2, 27,356 27,356 1,57,668 1,32, ,47,5 12,47,5 27,356 27,356 1,91,79 1,62, ,75, 12,75, 27,356 27,356 2,28,742 1,95, ,2,5 13,2,5 27,356 27,356 2,71,78 2,32, ,3, 13,3, 27,356 27,356 3,13,74 2,7, ,57,5 13,57,5 27,356 27,356 3,61,725 3,12, ,85, 13,85, 27,356 27,356 4,16,1 3,6, ,17,5 14,17,5 27,356 27,356 4,77,776 4,15, ,46,5 14,46,5 27,356 27,356 5,48,352 4,77, ,75, 14,75, 27,356 27,356 6,34,32 5,53, ,4, 15,4, 27,356 27,356 7,5,254 6,16, ,35, 15,35, 27,356 27,356 7,7,968 6,74, ,67,5 15,67,5 27,356 27,356 8,66,985 7,59, ,88,5 15,88,5 4, 9,6,75 2,1, ,14,5 16,14,5 4, 9,79,65 2,1, ,53, 16,53, 4, 1,3,5 2,1, ,91,5 16,91,5 4, 1,37,7 2,1, ,3, 17,3, 4, 1,72,35 2,1, ,68,5 17,68,5 4, 11,7, 2,1, ,12, 18,12, 4, 11,41,65 2,1, ,55,5 18,55,5 4, 11,8,8 2,1, ,99, 18,99, 4, 12,19,95 2,1, ,6, 19,6, 4, 12,59,1 2,1, ,23,5 2,23,5 4, 13,14, 2,1, ,99,5 2,99,5 4, 13,71,15 2,1, ,75,5 21,75,5 4, 14,39,55 2,1, ,51,5 22,51,5 4, 15,7,95 2,1, ,27,5 23,27,5 4, 15,76,35 2,1, ,3,5 24,3,5 4, 16,44,75 2,1, ,79,5 19,79,5 4, 17,13,15 2,1, ,55,5 2,55,5 4, 17,81,55 2,1, ,31,5 21,31,5 4, 18,49,95 2,1, ,7,5 22,7,5 4, 19,18,35 2,1, ,88,5 22,88,5 4, 19,86,75 2,1, ,72, 23,72, 4, 2,59,65 2,1,5 126 / Prerana Induction Training - Whole Life Plans

4 JEEVAN UMANG Example: Age 35 Annual Premium, Risk Cover & Loan Availability Table* The below table shows the Annual Premium Paid, Risk Cover, Returns & Loan Availability at the end of each year. The Tax saved is Year Age Risk Cover Annual Tax Saved Nett. Returns From *Surrender *Total Loan Premium Premium LIC Value Available Normal Accident ,55,5 24,55,5 4, 21,34,8 2,1, ,49, 25,49, 4, 22,9,95 2,1, ,42,5 26,42,5 4, 22,94,1 2,1, ,36, 27,36, 4, 23,78,25 2,1, ,39,5 28,39,5 4, 24,62,4 2,1, ,43, 29,43, 4, 25,55,55 2,1, ,51,5 3,51,5 4, 26,48,7 2,1, ,6, 31,6, 4, 27,46,35 2,1, ,73,5 32,73,5 4, 28,44, 2,1, ,92, 33,92, 4, 29,46,15 2,1, ,15,5 35,15,5 4, 3,52,8 2,1, ,39, 36,39, 4, 31,63,95 2,1, ,67,5 37,67,5 4, 32,75,1 2,1, ,96, 38,96, 4, 33,9,75 2,1, ,29,5 4,29,5 4, 35,6,4 2,1, ,63, 41,63, 4, 36,26,55 2,1, ,96,5 42,96,5 4, 37,46,7 2,1, ,35, 44,35, 4, 38,66,85 2,1, ,73,5 45,73,5 4, 39,91,5 2,1, ,17, 47,17, 4, 41,16,15 2,1, ,55,5 48,55,5 4, 42,45,3 2,1, ,99, 49,99, 4, 43,69,95 2,1, ,42,5 51,42,5 4, 44,99,1 2,1, ,42,5 Total 5,47,722 Premium includes G.S.T. 1st Year G.S.T. is 4.5% & thereafter 2.25% 5,47,722 69,42,5 *Liable to change as per government policy. This benefit illustration is for illustration purpose only, subject to payment of stipulated premiums on the due dates. The 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. *Surrender / Loan Value are calculated at the end of the policy year. Prerana Induction Training - Whole Life Plans / 127

5 Paid-up Value & Special Surrender Value (SSV) Under Jeevan Umang Paid-up Value: acquires Paid-up value if premiums are paid for 3 full years or more. Paid-up Sum Assured = No. of Years Premiums Paid x Sum Assured Premium Paying This Paid-up SA along with vested Simple Reversionary Bonus will be paid either on Maturity (i.e. at age 1) or earlier death. e.g: Age 35, Basic SA : 15,,, - 15 years, Premiums paid - 3 years Paid-up SA = 3/15 x 15,, = 3,, Vested Bonus for 3 years = 6 x 15 x 3 = 2,7, Total Paid-up Value = 3,, + 2,34, = 5,7, Total Paid-up value is payable on Maturity i.e. age 1 or earlier death. Payment of Survival Benefit under Paid-up Policies: If Paid-up SA is 2 lakhs or more then Survival Benefits equal to 8% of Paid-up SA shall be payable every year. The first SB will be paid at the end of premium paying term and will continue till policy anniversary prior to date of Maturity or earlier death. Under above example Paid-up SA is `3,,. So policyholder will get 8% of `3,, i.e. `24, as SB at end of every year till maturity or earlier death. Participation in Profits under Paid-up Policies: A) Balance : Paid-up policy will not participate in profits during the ; however the vested Simple Reversionary Bonuses shall remain attached to Paid-up policy. Under above example there will be no further addition of Simple Reversionary Bonus, but Bonus of ` 2,7, will remain attached to the policy. B) : If Paid-up SA is 2 lakhs or more, then it will participate in future profits after as per Paid-up SA under the policy. Under above Example, will participate in profits for Paid-up SA of `3,,. Simple Reversionary per thousand per annum will be added every year till maturity or earlier death. i.e. 3 x 3 = ` 9, will be added every year C) Final Additional Bonus is also payable on Maturity or earlier death for Paid-up SA. Under above example in case of death during 25 th year of : will be paid for 25 years on Paid-Up SA Total Death Claim Payable: = Paid-up SA + Vested Bonus + Vested Bonus after + = 3,, + 2,7, ( 6 x 15 x 3) + 9, ( 3 x 3 x 1) + 67,5 ( 225 x 3) = 7,27,5 128 / Prerana Induction Training - Whole Life Plans

6 Special Surrender Value (SSV): can be surrendered at any time during the policy term provided at least 3 full years premiums are paid. SSV during under an inforce or paid-up policy: SSV = SSV factor x (Paid-up S.A + Vested Bonuses) SSV factor depend on and Duration elapsed since commencement of policy. Under above Example is is surrendered after 3 years from DOC, SSV = SSV Factor for 3 years X 5,7, = 4.18/1 x 5,7, = 2,29,26 Please note that SSV of is not payable if policy is surrendered during. SSV after under fully paid-up or paid-up policy: A) Under Fully Paid-up : SSV = 9% of {Basic SA + Vested Simple Reversionary Bonuses ( & after ) + } Example: Age 35, Basic SA : 15,,, - 15 years, Surrendered after 2 years from DOC: SSV = 9% of { 15,, + 13,5, ( 6 x 15 x 15) + 2,25, ( 3 x 15 x 5) + 52,5 ( 35 x 15)} =.9 x 31,27,5 = 28,14,75 Total Benefit = SB for 5 years + SSV = 6,, (1,2, x 5) + 28,14,75 = 34,14,75 B) Under Paid-up if Paid-up SA is 2 lakhs or more: SSV = 9% of {Paid-up SA + Vested Simple Reversionary Bonuses ( & after ) + } Under above example if Premiums are paid for 3 years only and policy surrendered after 2 years: SSV = 9% of {3,, + 2,7, ( 6 x 15 x 3) + 45, ( 3 x 3 x 5) + 1,5 ( 35 x 3)} =.9 x 6,25,5 = 5,62,95 Total Benefit = SB for 5 years + SSV = 1,2, (24, x 5) + 5,62,95 = 6,82,95 C) Under Paid-up if Paid-up SA is less than 2 lakhs: SSV = 9% of (Paid-up SA + Vested Simple Reversionary Bonuses during only) Example: Age 35, Basic SA : 9,,, - 15 years, Premiums are paid for 3 years only and Surrendered after 2 years: Paid Up SA = 3/15 x 9,, = 1,8, Vested Bonus = 6 x 9 x 3 = 1,62, SSV = 9% of ( 1,8, + 1,62,) =.9 x 3,42, = 3,7,8 Prerana Induction Training - Whole Life Plans / 129