ENDOWMENT

							         ENDOWMENT PLANS
Jeevan Anand                                            149
Endowment with Profit                                   14
Limited Payment Endowment with profit                   48
Jeevan Mitra                                            88
Jeevan Saathi                                           89
Marriage Educational Annuity                            90
New Janaraksha                                          91
Jeevan Mitra Triple Cover                               133

               LIC SZO Chennai – Product Presentation
             Jeevan Anand                               149
Features

       This With-Profit plan is a combination of the
Whole Life Plan and the most popular Endowment
Assurance Plan. The plan provides the pre-decided Sum
Assured and Bonuses at the end of the stipulated
premium paying term, but the risk cover on the life
continues till death.

      Moderate Premiums
      High bonus
      High liquidity
      Savings oriented


               LIC SZO Chennai – Product Presentation
               Jeevan Anand                              149

Special Features

Accident Benefit:

The double Accident Benefit is available during the
premium paying term and thereafter up to age 70. The
premium for this has been built into the tabular premium
rates. Maximum Accident Cover available under this
plan will be Rs. 5 lakh ( this limit excludes accident
benefit taken under other plans)



                LIC SZO Chennai – Product Presentation
               Jeevan Anand                              149


Premium Stoppage

If payment of premiums ceases after at least THREE
years' premiums have been paid , a free paid-up policy
for a reduced sum assured will be automatically secured
provided the reduced sum assured, exclusive of any
attached bonus, is not less than Rs. 250/-. The reduced
sum assured will become payable on the event as
stipulated in the policy.




                LIC SZO Chennai – Product Presentation
              Jeevan Anand                                 149
Survival benefits:

Sum assured along with all vested bonuses payable at the
end of the premium paying term (Endowment term)

Death Benefits:

Sum Assured along with vested bonuses are payable on
death during the premium paying term and policy ceases. An
amount equal to the Sum Assured is payable if death occurs
after the premium paying term.
Simple Reversionary Bonus accrues during the premium
paying term and is payable at the end of the premium paying
term or on earlier death along with Final Additional Bonus, if
any. No Bonus is paid on death after the premium paying
term

                  LIC SZO Chennai – Product Presentation
                Jeevan Anand                                   149


Plan Parameters
                      Min                                    Max
Entry Age         18 completed                              65 nbd
Sum Assured       1,00,000                                   No limit
Term               5                                        57

Mode of Payment: Yly, Hly Qly, Mly or SSS

Max. Maturity age:                         75 Years
Policy Loan available:                      Yes



                   LIC SZO Chennai – Product Presentation
Jeevan Anand – Yield Chart
AGE         TERM        SUM                YLY                   MAT     YIELD %       YIELD
                      ASSURED            PREMIUM                VALUE               INCLUDING
      Policy   Prem                                                                IT BENEFITS



35     45      25     100000               4535                2251800    8.88        9.86


40     40      25     100000               4772                1473669    8.71        9.69




            BASED ON BONUS/FAB DECLARED AS AT 31.03.2002
                      LIC SZO Chennai – Product Presentation
      Endowment With profit - 14

               Features
      Moderate Premiums
      High bonus
      High liquidity
      Savings oriented

This policy not only makes provisions for the family of
the Life Assured in event of his early death but also
assures a lump sum at a desired age. The lump sum can
be reinvested to provide an annuity during the
remainder of his life or in any other way considered
suitable at that time


                LIC SZO Chennai – Product Presentation
    Endowment With profit - 14

             Plan Parameters
                           Min                                Max
Entry Age                12 nbd                                65
Sum Assured              20000                               No limit
Term                        5                                  55

Mode of Payment:
Yearly, half yearly quarterly, monthly or SSS

Max. Maturity age:                        75 Years
Policy Loan available:                    Yes


                    LIC SZO Chennai – Product Presentation
  Endowment With profit - 14

                  Benefits

Survival benefits:
Payment of full Sum Assured + Vested Bonus +
Final Additional bonus, if any

Death Benefits:
Payment of full sum assured + Vested Bonus

            LIC SZO Chennai – Product Presentation
   Endowment With profit - 14


Special Features
Disability Benefit:
In case policy holder becomes totally and permanently
disabled due to an accident before reaching the age of
70 and the policy is in full force, he will not be required
to pay further premiums, (the Disability Benefit is
available in respect of the first Rs.20,000 sum assured
on any one life) and the policy will continue to be in
force.

                LIC SZO Chennai – Product Presentation
   Endowment With profit - 14




            Accident Benefit

The Double Accident Benefit equal to the Sum Assured
and not exceeding Rs.25 lacs can be availed by paying a
small extra premium of Re.1 per Rs.1000/- Sum Assured
per year. Even students above the age of 18 years can
avail of this benefit.



               LIC SZO Chennai – Product Presentation
      Endowment With profit - 14
                           Yield Chart

AGE   TERM      SUM                YLY                   MAT     YIELD %       YIELD
              ASSURED            PREMIUM                VALUE               INCLUDING
                                                                           IT BENEFITS



35     25     100000                4047                322500    8.06        7.37


40     25     100000                4318                322500    7.64        8.69



      BASED ON BONUS/FAB DECLARED AS AT 31.03.2002



               LIC SZO Chennai – Product Presentation
       Limited Payment Endowment
                     with Profits 48
Features

The payment of premium can be limited either to
a single payment or to a term shorter than the
policy. The Sum Assured and Vested Bonus are,
however, payable only at the end of the policy
term, or on death of the policy holder if it takes
place earlier.

              LIC SZO Chennai – Product Presentation
       Limited Payment Endowment
              with Profits 48

             Plan Parameters
                  Min                                       Max
Entry Age        12 nbd                                     60
Sum Assured       20000                                    No limit
Term               5                                        50

Mode of Payment                                All modes
Max Maturity Age                               70

Policy loan available
No loan under policies issued on minors until vesting

                  LIC SZO Chennai – Product Presentation
       Limited Payment Endowment
              with Profits 48

Benefits
This is the most popular form of life assurance since it not
only makes provision for the family of the Life Assured in the
event of his early death, but also assures a lump sum at any
desired age. The amount assured, if not paid by reason of his
earlier death, becomes payable at the end of the endowment
term when it may be invested to provide an annuity during the
remainder of his life or in any other way he may think most
suitable at the time.



                  LIC SZO Chennai – Product Presentation
         Limited Payment Endowment
                with Profits 48
Special Features

If payment of the premiums ceases after at least three years'
premiums have been paid, a free paid-up Policy for an amount
bearing the same proportion to the sum assured as the number
of premiums actually paid bears to the number stipulated for in
the policy, will be automatically secured provided the reduced
sum assured, exclusive of any attached bonus, is not less than
Rs.250.

Such reduced paid-up Policy will not be entitled to participate
in the profits declared thereafter, but such Bonus as has
already been declared on the Policy will remain attached
hereto.
                    LIC SZO Chennai – Product Presentation
                   Jeevan Mitra 88
Special Features

Besides the usual benefits offered by any endowment
insurance plan, this policy provides for an additional
insurance cover equal to the sum assured in the event of a
policy holder’s death during the term of the policy. In
other words, the death claim in the case of this policy is
twice the basic sum assured.
The survival claim, on the other hand, is the basic sum
assured, plus the accrued bonuses. Bonus is, similarly,
calculated only on the basic sum assured at rates applicable
to endowment policies.

                   LIC SZO Chennai – Product Presentation
           Jeevan Mitra 88
                     Benefits

Survival benefits:
Sum Assured + vested Bonus on the basic Sum
Assured

Death Benefits:
Double the Sum Assured + vested Bonuses on the
basic Sum Assured Or
Double Accident benefits, if taken and paid for will
treble the amount of Sum Assured

                  LIC SZO Chennai – Product Presentation
               Jeevan Mitra 88


                    Plan Parameters
                        Min                                  Max
Entry Age             18 lbd                                  50
Sum Assured           20000                                 No limit
Term                   15                                     30

Mode of Payment                                      All modes
Max Maturity Age                                     70 Years
Policy loan available                                Yes
                LIC SZO Chennai – Product Presentation
              Jeevan Mitra 88

                        Features

The benefits of this policy are considered normally for
standard and substandard lives upto Class VI. It cannot
be allowed for people engaged in hazardous occupations.
Female lives under Category I & II allowed. Non-medical
special is allowed only if the Sum Assured does not
exceed Rs.1,00,000/-




                LIC SZO Chennai – Product Presentation
              Jeevan Saathi 89

  Special Features
This policy is issued on the lives of the husband and
wife including those under Category II & III.

The Sum Assured will be payable on the first death
and again on the death of the survivor during the
term of the policy. Vested Bonuses would also be
paid along with the Sum Assured on the second
death.



               LIC SZO Chennai – Product Presentation
         Jeevan Saathi 89

          Special Features

The Premium under this Plan is payable
during the joint life time of the two lives
and ceases on the first death or the
expiry of the selected term, whichever is
earlier.




            LIC SZO Chennai – Product Presentation
                   Jeevan Saathi 89


                     Benefits
Survival benefits:
If one or both the lives survive to the maturity date, the sum assured,
along with the accumulated bonus, is payable.
Death Benefits:
In case either of the couple dies during the policy’s term, two things
happen. One, LIC pays to the surviving spouse the full sum assured.
And, two, the policy continues on the life of the surviving partner
without him/her having to pay any further premiums, i.e. the life
cover on the survivor continues free of cost.
The sum assured is again be payable on the death of the other
partner in case both the husband and wife were to die during the
term of the policy. Vested bonus would also be paid along with the
sum assured on the second death.
                     LIC SZO Chennai – Product Presentation
                 Jeevan Saathi 89

Plan Parameters
                   Min                               Max
Entry Age        20 nbd                              50
Sum Assured       20000                             No limit
Term               15                                30

Mode of Payment                         All modes
Max Maturity Age                        70 Years
Policy loan available                   Yes


                   LIC SZO Chennai – Product Presentation
Jeevan Saathi - Yield Chart

AGE   TERM      SUM                 YLY                  MAT     YIELD %       YIELD
              ASSURED             PREMIUM               VALUE               INCLUDING
                                                                           IT BENEFITS



 35    25      100000               5461                325000    6.15        7.22


 40    25      100000               6475                325000    5.01        6.10




      BASED ON BONUS/FAB DECLARED AS AT 31.03.2002

               LIC SZO Chennai – Product Presentation
              Marriage Endowment
           & Educational Annuity - 90




                    Features

The Marriage Endowment/ Educational annuity plan provides a sum
assured to be kept aside for the expenses of marriage or higher
education of the policyholder's children. Premiums payable for
selected term or till death of the life Assured. Benefits will be given
only after the selected term.



                      LIC SZO Chennai – Product Presentation
                 Marriage Endowment
              & Educational Annuity - 90
                 Special Features
Under this plan the policy monies and bonus are paid only at the end of the
selected term, irrespective of whether the policy holder survives till the term or
not, i.e. the survival or death benefit is payable at the same time. In case the
policy holder were to die during the term of the policy, no further premiums are
payable but the bonus continues to accrue for the full-term of the policy.

The sum assured, plus the accumulated bonus for the full term, are then paid to
the family at the end of the policy’s term. Further, one can opt to receive the
money either in one lump sum, or in ten half-yearly installments. In case, the
Double Accident Benefit is availed, then an additional sum equal to the basic
Sum Assured becomes payable immediately on death due to accident during
the policy term.

                          LIC SZO Chennai – Product Presentation
               Marriage Endowment
            & Educational Annuity - 90

                       Benefits
Survival benefits:
(Sum Assured + Bonus) payable in lump sum (or)
(Sum Assured + Bonus) payable in 10 half-yearly installments at the
option of the life assured.
Death Benefits:
(Sum Assured + Bonus) payable in lump sum or in 10 half-yearly
installments at the option of beneficiary at the end of the policy term.
Accident:
Accident benefit equivalent to basic sum assured would be available by
paying appropriate additional premiums in that behalf. An amount
equivalent to Sum Assured become payable immediately.

                       LIC SZO Chennai – Product Presentation
            Marriage Endowment
         & Educational Annuity - 90

Plan Parameters
                    Min                                     Max
Entry Age          18 lbd                               60
Sum Assured         20000                             No limit
Term                  5                                 25

Mode of Payment                          All modes
Max Maturity Age                         70 Years
Policy loan available                    Yes


                   LIC SZO Chennai – Product Presentation
         Marriage Endowment
      & Educational Annuity - 90
AGE     TERM      SUM                YLY                  MAT     YIELD %       YIELD
                ASSURED            PREMIUM               VALUE               INCLUDING
                                                                            IT BENEFITS



35       25     100000                3727               322500    8.59        9.62


40       25     100000                3824               322500    8.34        9.29




        BASED ON BONUS/FAB DECLARED AS AT 31.03.2002


                LIC SZO Chennai – Product Presentation
                 New Janaraksha 91


          Features
Ideal for Farmers and Workers, since farmers have to depend on the
vagaries of the climate while workers are subject to changes in trade
cycles, depressions, strikes, labor disputes, etc.
Provides full life insurance cover for 3 years even when the premiums
are not paid. (This benefit is available after at least 2 years premiums
are paid).
Non-medical General up to Rs.50,000/- with declaration of age up to 40
without any extra premium.
Non-medical Special is allowed up to Rs. 1,00,000/-.
Accident benefit available without payment of any extra premium.



                        LIC SZO Chennai – Product Presentation
               New Janaraksha 91



       Special Features
The non-medical limit is exclusive to this policy. Double Accident
benefit and Bonus is also granted.

 A special feature of the New Jana Raksha Policy is that it
continues to provide full life insurance cover to the assured for
three years, even when the premium payments are stopped due to
certain reasons, provided that at least 2 years premiums have been
received.



                     LIC SZO Chennai – Product Presentation
            New Janaraksha 91


          Benefits
Maturity Benefit:
Payment of Sum Assured + Accrued bonus.

Death Benefits:
Natural:
Payment of Sum assured + Accrued bonus .

Accident / Permanent Disability:
Payment of double the Sum Assured + Accrued bonuses on the
Sum Assured as defined on the policy document.


                  LIC SZO Chennai – Product Presentation
              New Janaraksha 91

       Plan Parameters
                                   Min                       Max
Entry Age                           18                        50
Sum Assured                        20000                    750000

Term                                    12                   30

Mode of Payment                                       All modes
Max Maturity Age                                      70
Policy loan available                                 Yes



                   LIC SZO Chennai – Product Presentation
      New Jana Raksha Yield Chart

AGE     TERM     SUM                 YLY                  MAT     YIELD %       YIELD
               ASSURED             PREMIUM               VALUE               INCLUDING
                                                                            IT BENEFITS



35      25      100000               4146                322500    7.90        8.94


40      25      100000               4456                322500    7.44        8.48




       BASED ON BONUS/FAB DECLARED AS AT 31.03.2002

                LIC SZO Chennai – Product Presentation
  Jeevan Mitra Triple Cover 133


      Special Features
This policy provides the benefits of an Endowment
Assurance policy and additional insurance cover
equal to three times of Sum Assured in the event of
death during the term of the policy so that the total
insurance cover is thrice the basic Sum Assured.




               LIC SZO Chennai – Product Presentation
      Jeevan Mitra Triple Cover 133

                                Benefits
Maturity Benefit
Basic Sum assured along with vested bonuses will be payable on
the life assured surviving till the end of the term.
Death Benefit
Three times the basic sum assured together with vested bonuses if
any, will be payable on death of the life assured during the term of
assurance.
Bonuses
Bonus additions will be reckoned on the basic sum assured at rates
applicable to endowment assurance and will be payable at the end
of the selected term or at death if it occurs earlier.



                   LIC SZO Chennai – Product Presentation
  Jeevan Mitra Triple Cover 133



     Plan Parameters
                        Min                              Max
Entry Age               18                                50
Sum Assured            20000                            No limit
Term                    15                                30

Mode of Payment                                        All modes
Max Maturity Age                                        70 Years
Policy loan available                                  Yes
              LIC SZO Chennai – Product Presentation
    Jeevan Mitra Triple Cover 133




        The benefits of this policy can be considered only for
standard and substandard lives upto Class VI. It cannot be
allowed for people engaged in hazardous occupations.
Individuals engaged in dangerous pursuits will be rated against
the revised tabular occupational extra rates.




                   LIC SZO Chennai – Product Presentation
     Jeevan Mitra(133) Yield Chart

AGE     TERM      SUM                YLY                   MAT     YIELD %       YIELD
                ASSURED            PREMIUM                VALUE               INCLUDING
                                                                             IT BENEFITS



35       25     100000                5553                322500    5.99        7.06


40       25     100000                6640                322500    4.79        5.88



        BASED ON BONUS/FAB DECLARED AS AT 31.03.2002

                 LIC SZO Chennai – Product Presentation