Lic new jan raksha 91

A novel plan forboth the Rural Folkas well as theUrban Middle Class
Unique feature of extended risk cover.
Risk cover up to 3 years,
after the Premiums are
paid for 2 years.
Accident Benefit
available without
payment of any
extra premium
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AttractionsAttractions

Suitable for Farmers ,
Small Business Owners,
Milk and Vegetable vendors,
Self Employed, etc.
Ideal for those persons
who cannot produce age proof,
(Provided age is less than of equal to
40 years and sum proposed is Rs 50,000/-
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Who can avail of this plan?
Those aged between 18 and 50 years.
Maximum Maturity Age is 75 years.
For how many years is premium payable ?
Any policy term from 12 to 30 years can be chosen.
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For what sums is insurance
available under this plan ?
Minimum Rs. 30,000/-.
Maximum : Rs. 10,00,000/-
At what frequency can premium be paid?
Premiums can be paid by yearly, half-yearly,
Quarterly, Monthly or
through Salary Saving Scheme.
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Age Term Sum Assured
Rs.
1 lakh 2 lakhs
20 12 8611 17021
25 12 8620 17041
30 20 5080 9960
35 20 5230 10260
40 30 4013 7826
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Sample Premium ChartSample Premium Chart
Annual Premium Rs.Annual Premium Rs.

Unexpected expenses can upset your budget suddenly.
What do you do when you receive your premium notice in
such circumstances?
In most circumstances when you do not pay your
premium, your policy lapses and along with it all benefits
as well.
Now, available is a plan which allows continuation of
benefits under the policy over an extended period of
three years, if two full years’ premiums are paid and
next three years’ premiums not paid.
Policy can be revived during or the end of such extended
cover period.
Extended Life CoverExtended Life Cover
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Extended Life CoverExtended Life Cover
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A policy holder can pay 3/2/1 years’ unpaid
premiums, without any health requirement, provided,
such remittances are made within 36 months from the
date of first unpaid premium (FUP).
If all the unpaid premiums are paid within 36 months
from FUP ,then this benefit can be availed again
during the term of the policy.
Incase, if only 1 year’s or 2 year’s unpaid premiums
are paid within 36 months from FUP , then this
benefit is extended by the same no. of years.

Survival
Benefit :
When the
policyholder
survives till date of
maturity and policy
is in force,
Full sum assured +
Accrued bonuses
is payable.
Risk Cover :
On death during premium
payment period,
Natural death:
Full sum assured +
Accrued bonuses
Accidental :
Two times sum assured +
Accrued Bonus
Risk is covered even
during the lapsed period of
the policy upto 3 years,
after the premiums are
paid for 2 years.
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When are benefits payable?When are benefits payable?

Age at entry: 35 years Premium paying term: 25 years
Mode of premium payment: Yearly Sum Assured: Rs.1,00,000/-
Annual Premium: Rs.4,535 /-
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 4,246 1,00,000 2,100 5,500 102,100 105,500
2 8,492 1,00,000 4,200 11,000 104,200 111,000
3 12,738 1,00,000 6,300 16,500 106,300 116,500
4 16,984 1,00,000 8,400 22,000 108,400 122,000
5 21,230 1,00,000 10,500 27,500 110,500 127,500
6 25,476 1,00,000 12,600 33,000 112,600 133,000
7 29,722 1,00,000 14,700 38,500 114,700 138,500
8 33,968 1,00,000 16,800 44,000 116,800 144,000
9 38,214 1,00,000 18,900 49,500 118,900 149,500
10 42,460 1,00,000 21,000 55,000 121,000 155,000
15 63,690 1,00,000 31,500 82,500 131,500 182,500
20 84,920 1,00,000 56,000 146,000 156,000 246,000
25 106,150 1,00,000 69,500 182,500 169,500 282,500
End of Year
Total
premium paid
till end of year
Benefit payable on death/maturity at end of year
Guaranteed* Variable Total
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IllustrationsIllustrations

1)  This illustration is applicable to a non-smoker male/female
standard (from medical, life style and occupation point of view) life.
ii)   The non-guaranteed benefits (1) and (2) in above illustration
are calculated so that they are consistent with the Projected
Investment Rate of Return assumption of 6% p.a.(Scenario 1) and
10% p.a. (Scenario 2) respectively. In other words, in preparing
this benefit illustration, it is assumed that the Projected Investment
Rate of Return that LICI will be able to earn throughout the term of
the policy will be 6% p.a. or 10% p.a., as the case may be. The
Projected Investment Rate of Return is not guaranteed.
iii)   The main 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.
iv)  Future bonus will depend on future profits and as such is not
guaranteed. However, once bonus is declared in any year and
added to the policy, the bonus so added is guaranteed.
v)   The maturity benefit is the amount shown at the end of the
policy term.
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Illustrations-Illustrations-Disclaimer andDisclaimer and
AssumptionsAssumptions

Lic new jan raksha 91

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