The document describes the JEEVAN LABH endowment insurance plan offered by LIC. It has options for policy terms of 16, 21, or 25 years. Premiums are paid for 10, 15, or 16 years respectively. Sum assured amounts start from Rs. 200,000 with no upper limit. Maturity benefits include basic sum assured plus bonuses and funds added to bonus. Death benefits provide financial protection for nominee. The document includes details on eligibility, premiums, benefits, riders, and examples of policy calculations.

1. JEEVAN LABH
Plan No.836
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

2. Endowment Plan
Limited Premium Paying Term
Non-Linked
With Bonus & FAB
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

3. Only 3Policy Terms Options
Option -Term- PremiumPaying Term
1. 16yrs– 10yrs
2. 21yrs– 15yrs
3. 25yrs– 16yrs
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

4. Eligibility: Age at Entry
Minimum: 8yrs completed
Maximum:59yrs Nbd for PolicyTerm 16yrs
54yrs Nbd for Policy Term 21yrs
50yrs Nbd for PolicyTerm25yrs
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

5. Sum Assured:(in multiplesof 10,000)
Minimum:Rs.2,00,000/-
Maximum:No Limit
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

6. Maturity Benefits:
Basic Sum Assured
+Bonus
+F A B
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

7. Death Benefits:
Sum Assured on Death
+ Bonus
+ FAB
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

8. Sum Assured on Death
=
Higher of
1. 10 times of Annualised Premium
2. Basic Sum Assured
3. 105% of Total Premiums paid
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

9. AccidentalDeath & DisabilityBenefit Rider
Optional– Additional Premium
Availablefrom 18yrs ofAge
Cover Availableup toPolicy Term Or Age 70 Nbd, Which
Ever isEarlier
Can be Added at Any Time (O/S PPT5yrs)
MaximumAB Cover 100 Lakhs
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

10. New Term Assurance Rider
Optional– AdditionalPremium
Available from 18yrs of Age
Cover Available up to PolicyTerm
Can be Addedat Proposal Stage Only
Maximum TRCover 25 Lakhs
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

11. Mode of Premium Payment
Yearly – 2% Rebate
Half Yearly – 1% Rebate
Quarterly - Nil
Monthly - Nil
(ECS/SSS)
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

12. High Sum Assured Rebate
2,00,000 to 4,90,000 –Nil
5,00,000to 9,90,000 –1.25%
10,00,000 to 14,90,00 – 1.50%
15,00,000and Above - 1.75%
per Rs.1000 B.S.A
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

13. OtherFeatures:
ProposalForm 300/340/360
Service Tax
Grace Period (30/15 days)
PaidUp Value
Surrender Value(GSV/SSV)
Revival within2yrs from FUP
Loan After 3yrs
Suicidewithin12 months 80% premiums
Free Look Period15days from OP Receipt
Dating Back withinFinancial Year(JAAM)Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

14. Premium Calculation:
For Age 8yrs, 836/16/10,SA2 Lakh, Yearly (No AB)
Tab Premium – 84.80
2% Rebate - 1.696
83.104
x 200 - 16620.80
+ 3.625% ST – 602.504
= 17223.304
YearlyPremiumRs.17223/-
Example
1
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

15. Maturity Benefit:
Basic Sum Assured: 2,00,000
Bonus 42x200x16 : 1,34,400
FAB 25x200 : 5,000
Total Maturity : 3,39,400
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

16. Total Premium Paid in 10yrs
17223x 10= 172230
Total Maturity After 16yrs
= 3,39,400
I.R.R= 5.95%
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

17. Premium Calculation:
For Age 30yrs, 836/21/15, SA 2 Lakhs, Yearly
Tab Premium –54.95
2% Rebate - 1.099
= 53.851
x 200 - 10770.20
+ AB@1.25x200 – 250
= 11020.20
ST @ 3.625% - 399.482
= 11419.68
Yearly PremiumRs.11420/-
Example
2
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

18. Maturity Benefit:
Basic Sum Assured : 2,00,000
Bonus 48x200x21 : 2,01,600
FAB 100x200 : 20,000
Total Maturity : 4,21,600
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

19. Total Premium Paid in 15yrs
11420x 15= 1,71,300
Total Maturity After 21yrs
= 4,21,600
I.R.R= 6.38%
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

20. Premium Calculation:
For Age 30yrs, 836/25/16, SA 2 Lakhs, Yearly
Tab Premium –46.60
2% Rebate - 0.932
45.668
x 200 - 9133.60
+ AB@1.30x200 –260
= 9393.60
+ ST @ 3.625% - 340.518
= 9734.118
YearlyPremiumRs.9734/-
Example
3
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

21. Maturity Benefit:
Basic Sum Assured : 2,00,000
Bonus 48x200x25 : 2,40,000
FAB 450x100 : 90,000
Total Maturity : 5,30,000
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

22. Total Premium Paid in 16yrs
9734x 16= 1,55,744
Total Maturity After 25yrs
= 5,30,000
I.R.R= 6.96%
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

23. UniqueSellingPoints:
Suitable for Education and Marriage
Short Term Commitment
Long Term Risk Cover
80C Tax Benefit (up to Rs.1.50 Lakhs)
Tax Free Maturity
Accident& Disability Cover upto 1 Crore
No Market Risk
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

24. Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

25. Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

26. Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

27. Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

28. Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

29. Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

30. IRR
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

31. IRR
Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436

32. Ghasiram Kharsel LIC Agent, Branch-1,
Sambalpur M-9178953436