the date of ^mJ - ~r: n[a^mfmE± PART - B: DEFINITIONS

f revival of The definitions of terms/words used in the Policy

the policy, Bg nm°{bgr XñVmdoµO _| Cn`moJ {H$E JE eãXm| H$s n[a^mfmE±
Document are as under:
that any {ZåZmZwgma h¢:
ct material 1. Age is the age nearer birthday of the Life
he insured 1. Am`w nm°{bgr àma§^ hmoZo Ho$ g_` 0 df© H$s Am`w H$mo N>mo‹S>H$a Assured at the time of the commencement of
al or other ~r{_V ì`pŠV Ho$ OÝ_{XZ H$s {ZH$Q>V_ Am`w h¡, {OgHo$ {bE the policy except for age 0 years for which it has
policy was Am`w 30 {XZ nyar hmoZr Mm{hE& to be 30 days completed.
2. Accident Benefit Charge is the charge levied at
2. XþK©Q>Zm {hVbm^ à^ma EbAmB©gr H$s g§~Õ XþK©Q>Zm _¥Ë`w
have to the beginning of each policy month from the
red or the {hVbm^ amBS>a, `{X MwZm J`m hmo, Ho$ A§VJ©V {hVbm^ H$s Unit Fund by cancelling appropriate number
assignees bmJV g_m{dîQ> H$aZo Ho$ {bE `Wmo{MV g§»`m _| `y{ZQ²>g aÔ of units to cover the cost of benefit under LIC’s
aterials on H$a `y{ZQ> \§$S> go àË`oH$ nm°{bgr _mh H$s ewéAmV _| bJm`m Linked Accidental Death Benefit Rider, if opted
e policy of OmZo dmbm à^ma h¡& for.
3. Accident Benefit Sum Assured is an assured
udiation of 3. XþK©Q>Zm {hVbm^ ~r_m am{e Bg nm°{bgr XñVmdoO Ho$ ^mJ gr amount payable on death of the Life Assured
tement or H$s eV© 5 _| {Z{X©îQ> {Z`_m| Am¡a eVm] Ho$ AYrZ XþK©Q>Zm Ho$ due to accident subject to the terms and
not on the H$maU ~r{_V ì`pŠV H$s _¥Ë`w na Xo` ~r_m H$s am{e h¡, `{X conditions specified in Condition 5 of Part C of
ted on the EbAmB©gr Ho$ g§~Õ XþK©Q>Zm _¥Ë`w {hVbm^ amBS>a H$m {dH$ën this policy document, if LIC’s Linked Accidental
all be paid Death Benefit Rider is opted for.
ntatives or
MwZm J`m h¡&
red within 4. Appointee is the person to whom the proceeds/
4. {Z`wŠV ì`pŠV dh ì`pŠV h¡, {Ogo nm°{bgr Ho$ A§VJ©V benefits secured under the Policy are payable if
te of such
{ZYm©[aV àmpßV`m±/bm^ Xo` h¢, `{X bm^ Zm{_{V H$mo Xo` the benefit becomes payable to the nominee
hmoVo h¢ Am¡a Zm{_{V Xmdm ^wJVmZ H$s {V{W na Ad`ñH$ and nominee is minor as on the date of claim
this sub- payment.
hmoVm/hmoVr h¡&
pression of
al unless it 5. Annualized/Annual Premium is the total
5. dm{f©H$sH¥$V/dm{f©H$ àr{_`_ EH$ nm°{bgr df© _| Xo` àr{_`_
ertaken by amount of premium payable in a policy year.
H$s Hw$b am{e h¡&
er to show 6. Assignee is the person to whom the rights
he said fact 6. g_ZwXo{eVr dh ì`pŠV h¡, {Ogo EH$ g_ZwXoeZ Ho$ AmYma and benefits are transferred by virtue of an
een issued na A{YH$ma Ed§ bm^ hñVm§V[aV {H$E OmVo h¢& Assignment.

7. g_ZwXoeZ {H$gr ""g_wZXo{eVr'' H$mo A{YH$mam| Ed§ bm^m| Ho$ 7. Assignment is the process of transferring the
event the rights and benefits to an “Assignee”. Assignment
at any time hñVm§VaU H$s à{H«$`m h¡& g_ZwXoeZ ~r_m A{Y{Z`_, 1938 should be in accordance with provision of
olicy shall Ho$ AZwÀN>oX 38, g_`-g_` na `Wm g§emo{YV Ho$ àmdYmZm| Section 38 of the Insurance Act, 1938, as
on merely Ho$ AZwê$n hr {H$`m OmZm Mm{hE& amended from time to time.
e adjusted
of the life 8. _yb nm°{bgr nm°{bgr H$m dh ^mJ hmoVm h¡, {Ogo _yb {hVbm^ 8. Base Policy is that part of the Policy referring to
proposal. Base benefit (benefits referred to in this policy
H$hm OmVm h¡ (Bg nm°{bgr XñVmdoO _| g§X{^©V {hVbm^,
document excluding benefits covered under
{Og_| amBS>a, `{X BÝh| MwZm J`m hmo, Ho$ A§VJ©V ~r_m-a{jV Rider(s), if opted for).
{hVbm^ em{_b Zht h¢)&
9. Basic Sum Assured means the amount specified
9. _yb ~r_m am{e H$m AW© dh am{e h¡, Omo nm°{bgr boVo g_` in the Schedule as opted by the Policyholder at
nm°{bgr YmaH$ Ûmam MwZo AZwgma AZwgyMr _| {Z{X©îQ> hmoVr h¡& the time of taking the policy.
10. Beneficiary/Claimant means the person(s)
10. bm^mWu/XmdmH$Vm© H$m AW© dh/do ì`pŠV/g§ñWm h¡/h¢, Omo entity who is/are entitled to receive benefits
Bg nm°{bgr Ho$ A§VJ©V bm^ àmßV H$aZo Ho$ A{YH$mar h¢& dh under this Policy. The Beneficiary to whom
bm^mWu, {Ogo bm^ Xo` h¢, dh àñVmdH$ `m OrdZ ~r{_V benefits are payable is the Proposer or Life
ì`pŠV `m g_`-g_` na `Wm g§emo{YV ~r_m A{Y{Z`_, Assured or his Assignee under Section 38 of
the Insurance Act, 1938, as amended from time
1938 Ho$ AZwÀN>oX 38 Ho$ A§VJ©V CgHo$ g_ZwXo{eVr `m
to time or Nominee(s) under Section 39 of the
g_`-g_` na `Wm g§emo{YV ~r_m A{Y{Z`_, 1938 Ho$ Insurance Act, 1938, as amended from time to
AZwÀN>oX 39 Ho$ A§VJ©V CgHo$ Zm{_{V `m _mÝ` {ZînmXH$ time or proved Executors or Administrators or
`m àemgH$ `m AÝ` d¡Ym{ZH$ à{V{Z{Y, {Ogo bmJy AZwgma other Legal Representatives who should take
^maVr` g§K Ho$ {H$gr amÁ` `m joÌ Ho$ {H$gr Ý`m`mb` go out representation to his/ her Estate or limited
to the moneys payable under this Policy from
AnZr g§n{Îm `m Bg nm°{bgr Ho$ A§VJ©V Xo` YZ VH$ gr{_V any Court of any State or Territory of the Union
A{YH$ma hmoVm h¡& of India, as applicable.
11. ì`mdgm{`H$ {Xdg {ZJ_ H$m H$m`© {Xdg h¡& 11. Business Day is the Corporation’s working day.

Plan No. 752 LIC’s SIIP

LIC’s SIIP Page97ofof4846
Page Plan No.-
Plan No.752
752
12. {Za§Va ~r_m-`mo½`Vm nm°{bgr Ho$ gmW amBS>a(am|), `{X 12. Continued Insurability is the determination H$mo CZ
M`{ZV hm|, Ho$ nwZM©bZ na OrdZ ~r{_V/àñVmdH$ H$s of insurability of Life Assured/Proposer on hmoJm, {
revival of policy with rider(s) if opted for, to the
~r_m-`mo½`Vm H$m {ZYm©aU, {ZJ_ H$s g§VwpîQ> hmoZo VH$ satisfaction of the Corporation based on the ñnîQ>rH
hmoZm h¡, Am¡a `h g§VwpîQ> CZ OmZH$m[a`m|, XñVmdoOm| Am¡a information, documents and reports that are eãX H
à{VdoXZm| Ho$ AmYma na hmoJr, Omo nhbo go hr CnbãY h¢ Am¡a already available and any additional information H$mo Ym
Bg g§~§Y _| Eogr {H$Ýht A{V[aŠV OmZH$m[a`m| Ho$ AmYma na in this regard if and as may be required in
H$aZo H
hmoJr, Omo nwZM©bZ Ho$ g_` na {ZJ_ H$s ~r_m§H$Z Zr{V Ho$ accordance with the Underwriting Policy of the
Corporation at the time of revival {H$gr
AZwgma Amdí`H$ hmo gH$Vr h¢&
13. Corporation means the Life Insurance (E) VÏ
13. {ZJ_ H$m AW© OrdZ ~r_m {ZJ_ A{Y{Z`_, 1956 Ho$ Corporation of India established under Section Zh
AZwÀN>oX 3 Ho$ A§VJ©V ñWm{nV ^maVr` OrdZ ~r_m {ZJ_ h¡& 3 of the Life Insurance Corporation Act, 1956.
(~r) ~r{
14. nm°{bgr Ho$ àma§^ hmoZo H$s {V{W Bg nm°{bgr H$s Ama§^ {V{W 14. Date of Commencement of Policy is the start O~
date of this Policy.
hmoVr h¡& H$m
15. Date of Commencement of Risk is the date
15. Omo{I_ àma§^ hmoZo H$s {V{W dh {V{W h¡, {Og na {ZJ_ on which the Corporation accepts the risk for
(gr) H$
nm°{bgr H$s AZwgyMr _| à_m{UV AZwgma ~r_m (gwajm) Ho$ insurance (cover) as evidenced in the Schedule (S>r)Eog
{bE Omo{I_ H$mo ñdrH$ma H$aVm h¡& of the policy. ê$n
16. ~§X hmoZo H$s {V{W dh {V{W h¡ {Og {XZ ~r{_V ì`pŠV/ 16. Date of Discontinuance is the date on which the ñnîQ>rH
intimation is received from the Life Assured/
nm°{bgrYmaH$ go nm°{bgr Ho$ Aä`n©U Ho$ ~mao _| gyMZm àmßV Policyholder about surrender of the policy or on
~r_mH$V
hmoVr h¡ `m AZwJ«h Ad{Y H$s g_m{á H$s {V{W (AZwJ«h Ad{Y the expiry of the Grace Period (in case of non- g§^mdZ
Ho$ Xm¡amZ Xo` g§{dXmË_H$ àr{_`_ H$m ^wJVmZ Z H$aZo H$s payment of contractual premium due during H$s n[ap
pñW{V _|), Omo ^r nhbo hmo, h¡& the Grace Period), whichever is earlier. Vmo ~r{_
17. Date of Issuance of Policy is the date when a ~mobZo g
17. nm°{bgr Omar hmoZo H$s {V{W dh {V{W h¡ O~ H$moB© àñVmd
proposal after underwriting is accepted as a Amn _|
Omo{I_m§H$Z Ho$ ~mX EH$ nm°{bgr Ho$ ê$n _| ñdrH¥$V hmoVm h¡ Policy and this contract gets effected.
Am¡a `h AZw~§Y à^m{dV hmoVr h¡& (3) CnYma
18. Date of Maturity means the date specified in
~r_mH$
18. n[anŠdVm H$s {V{W H$m AW© AZwgyMr _| {ZYm©[aV dh {V{W the Schedule on which the Policy Term expires.
H$mo Añ
h¡, {Og na nm°{bgr Ad{Y g_mßV hmoVr h¡& 19. Date of Vesting (applicable only if the age of the gH$Vm
Life Assured is below 18 years on the Date of
19. {Z{hV hmoZo H$s {V{W (nm°{bgr àma§^$ hmoZo H$s {V{W na ~r{_V Commencement of Policy) shall be the policy OmZm C
ì`pŠV H$s Am`w 18 df© go H$_ hmoZo na hr bmJy hmoVr h¡) anniversary date coinciding with or immediately Wm `m
18 df© H$s Am`w nyar hmoZo Ho$ gmW `m CgHo$ Vwa§V ~mX n‹S>Zo following the completion of 18 years of age. On H$a _§e
dmbr nm°{bgr H$s df©Jm±R> H$s {V{W hmoJr& Eogr {Z{hV hmoZo H$s such vesting date, this policy shall be deemed to H$mo {N>
be a contract between the Corporation and the
{V{W na, `h nm°{bgr {ZJ_ Am¡a ~r{_V ì`pŠV Ho$ ~rM EH$ ~eV} {
Life Assured. The Life Assured shall become the
AZw~§Y _mZr OmEJr& ~r{_V ì`pŠV nm°{bgr H$m nyU© ñdm_r absolute owner of the policy and the proposer Zht h¡,
~Z OmEJm Am¡a àñVmdH$ `m CgH$s g§nXm H$m Cg_| H$moB© or his estate shall cease to have any right or na hmoV
A{YH$ma `m {hV Zht ah OmEJm& interest therein..
ñnîQ>rH
20. _¥Ë`w {hVbm^ H$m AW© ~r{_V ì`pŠV H$s _¥Ë`w na Xo` 20. Death Benefit means the benefit, which is
H$aVm
payable on death of Life Assured, as stated in
{hVbm^ h¡, O¡gm {H$ Bg nm°{bgr XñVmdoO _| ì`ŠV {H$`m this Policy Document. Ho$ {bE
J`m h¡& (4) OrdZ
21. Discharge Form is the form to be filled by
21. {S>ñMmO© \$m_© dh ànÌ h¡, {Ogo Bg nm°{bgr Ho$ A§VJ©V Policyholder/Claimant to claim the maturity / H$s Vm
n[anŠdVm/Aä`n©U/_¥Ë`w {hVbm^ H$m Xmdm H$aZo hoVw surrender / death benefit under the policy. nm°{bg
nm°{bgrYmaH$/XmdmH$Vm© Ûmam ^am OmVm h¡& 22. Discontinuance is the state of the policy that Omo‹S>o O
could arise on account of surrender of the policy {H$ ~r_
22. g_mnZ nm°{bgr H$s dh pñW{V h¡ Omo nm°{bgr Ho$ Aä`n©U `m or non-payment of due contractual premium Ho$ {H$g
AZwJ«h Ad{Y H$s g_m{ßV go nhbo Xo` g§{dXmË_H$ àr{_`_ before the expiry of the grace period.
XñVmd
H$m ^wJVmZ Z H$aZo Ho$ H$maU CËnÝZ hmo gH$Vr h¡& 23. Discontinuance Charge is the charge levied on nm°{bg
23. ~§X hmoZo H$m à^ma ~§X hmoZo H$s {V{W na `y{ZQ> \§$S> na bJm`m the Unit Fund on the Date of Discontinuance.
Omar {
OmZo dmbm à^ma h¡& 24. Discontinued Policy Fund is the segregated fund gdmb
of the Corporation constituted by the Unit Fund
24. ~§X nm°{bgr \§$S> ~r_mH$Vm© H$m dh n¥W¸¥$V \§$S> h¡, Omo bm°H$- Value as applicable of all the linked insurance ~eV} {
BZ Ad{Y Ho$ Xm¡amZ ~§X H$s JB© g^r g§~Õ ~r_m nm°{b{g`m| policies discontinued during the lock- in period. ì`pŠV
LIC’s
LIC’s SIIP
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10 of of 46 Plan
Plan No.- 752
No. 752 LIC’s SIIP
er or his Ho$ bmJy AZwgma `y{ZQ> \§$S> _yë` Ûmam J{R>V hmoVm h¡& 25. Due Date means a fixed date on which the policy
e holder premium is due and payable by the Policyholder.
may be. 25. {Z`V {V{W H$m _Vb~ dh {ZYm©{aV {V{W h¡, {Og na
re more 26. Endorsement means Conditions attached/
nm°{bgr ~H$m`m hmoVr h¡ Am¡a nm°{bgrYmaH$ Ûmam Xo` hmoVr h¡&
nominees affixed to this Policy incorporating any additions,
ured, the 26. n¥ð>m§H$Z H$m AW© Bg nm°{bgr go g§b¾/g§~Õ eV] h¢, {OZ_| amendments or modifications agreed to or
e payable {ZJ_ go gh_V `m CgHo$ Ûmam Omar n{adÕ©Z, g§emoYZ `m issued by the Corporation.
n[adV©Z gpå_{bV hmoVo h¢& 27. Free Look Period is the period of 30 days from
s section,
the date of receipt of the electronic of physical
nce on his 27. {Z…ewëH$ AdbmoH$Z Ad{Y nm°{bgrYmaH$ H$mo Bg nm°{bgr H$s
s spouse, mode of the Policy Document, whichever is
ldren, or eVm] Am¡a {Z`_m| H$s g_rjm H$aZo Ho$ {bE nm°{bgr XñVmdoO earlier, by Policyholder to review the terms
s shall be Ho$ BboŠQ´>m°{ZH$ `m ^m¡{VH$ {d{Y go àm{ßV H$s {V{W, Omo and conditions of this Policy and where the
ayable by ^r nhbo hmo, go 30 {XZm| H$s Ad{Y h¡, Ohm§ nm°{bgrYmaH$ Policyholder disagrees to any of those terms
b-section and conditions, he/ she has the option to return
er of the
CZ eVm] Am¡a {Z`_m| _| go {H$gr go ^r Agh_V hmoZo this Policy as detailed in Condition 10 of Part D
his title to na Ho$ nmg nm°{bgr H$mo dmng H$aZo H$m {dH$ën hmoVm h¡, of this Policy Document.
any such O¡gm {H$ Bg nm°{bgr XñVmdoO Ho$ ^mJ S>r _| eV© 10 _| 28. Fund Management Charge is the charge levied
Cëbo{IV h¡& as a percentage of the value of assets and
nee, or if
nominee shall be appropriated by adjusting NAV. This is
28. \§$S> à~§YZ à^ma dh à^ma h¡ Omo n[ag§n{Îm`m| Ho$ _yë`
) applies, a charge levied at the time of computation of
ured but
Ho$ à{VeV Ho$ ê$n _| bJm`m OmVm h¡ Am¡a Omo EZEdr H$mo NAV.
policy is g_m`mo{OV H$a {d{Z`mo{OV {H$`m OmEJm& `h dh à^ma h¡ Omo
29. Grace Period is the time granted by the Insurer
icy, or so EZEdr H$s JUZm Ho$ g_` bJm`m OmVm h¡& from the due date of payment of premium,
he policy
minee or 29. AZwJ«h Ad{Y àr{_`_ H$s Xo` {V{W go ~r_mH$Vm© Ûmam ^wJVmZ without any penalty/ or late fee, during which
be), shall time the Policy is considered to be in-force with
hoVw àXÎm dh g_` h¡ {OgHo$ Xm¡amZ {~Zm {H$gr AW©X§S>/ risk cover without any interruption as per the
entatives
holder of
{dbå~ à^ma Ho$ àr{_`_ H$m ^wJVmZ {H$`m Om gH$Vm h¡ terms and conditions of the Policy.
may be, VWm Bg g_` Ho$ Xm¡amZ nm°{bgr Ho$ {Z`_m| d eVm] Ho$
30. Guaranteed Additions, expressed as a
d to such AZwgma nm°{bgr Omo{I_ ~r_m-gwajm {~Zm {H$gr ì`dYmZ Ho$ percentage of one Annualized Premium, shall
à^mdr ahoJr& be added to the Unit fund on completion
l operate
y creditor of specific duration of policy years and are
30. {ZpíMV A{^d¥{Õ`m±, Omo {H$gr dm{f©H$ àr{_`_ Ho$ à{VeV specified in Condition 2 of Part C of this Policy
policy of
Ho$ ê$n _| ì`ŠV H$s OmVr h¢, nm°{bgr dfm] H$s {d{eîQ> Ad{Y Document.
d (8) shall nyam hmoZo na `y{ZQ> \§$S> _| Omo‹S>r OmE±Jr Am¡a Bg nm°{bgr 31. In-force policy means a policy in which all
maturing XñVmdoO Ho$ ^mJ gr H$s eV© 2 _| {Z{X©îQ> H$s JB© h¢& the due premiums have been paid and the
nt of the premiums are not outstanding beyond grace
15. 31. Mmby nm°{bgr H$m AW© h¡ dh nm°{bgr, {Og_| g^r Xo`
period.
maturity àr{_`_m| H$m ^wJVmZ {H$`m J`m h¡ Am¡a àr{_`_ AZwJ«h Ad{Y
enefit of 32. Instalment Premium is a Premium to be paid
because
go nao ~H$m`m Zht h¡&
by Policyholder as per the premium payment
nee shall 32. {H$ñV àr{_`_ dh àr{_`_ h¡ {OgH$m nm°{bgrYmaH$ frequency opted by the Policyholder.
efit of his
Ûmam MwZr JB© àr{_`_ ^wJVmZ Amd¥{Îm Ho$ AZwgma ^wJVmZ 33. IRDAI means Insurance Regulatory and
not apply {H$`m OmEJm& Development Authority of India earlier called
h section as Insurance Regulatory and Development
ct, 1874, 33. AmB©AmaS>rEAmB© H$m AW© h¡ ^maVr` ~r_m {d{Z`m_H$ Ed§ Authority (IRDA).
{dH$mg àm{YH$aU {Ogo nhbo ~r_m {d{Z`m_H$ Ed§ {dH$mg
n made 34. Life Assured is the person on whose life the
àm{YH$aU (AmB©AmaS>rE) H$hm OmVm Wm& insurance cover has been accepted.
ncement
Act, 2015, 34. ~r{_V ì`pŠV dh ì`pŠV h¡ {OgHo$ OrdZ na ~r_m gwajm H$mo 35. Lock-in-period means the period of five
who has ñdrH$ma {H$`m J`m h¡& consecutive complete policy years from the
ildren or Date of Commencement of the Policy, during
or not on 35. bm°H$-BZ-Ad{Y H$m AW© nm°{bgr Ama§^ hmoZo H$s {V{W which period the proceeds of the policies
nder this go bJmVma nm±M nyU©H¥$V dfm] H$s dh Ad{Y h¡, {Og Xm¡amZ cannot be paid, except in case of death of the
emed not
policy. {gdm` ~r{_V ì`pŠV H$s _¥Ë`w H$s pñW{V Ho$ nm°{b{g`m| H$s Life Assured.
àm{ßV`m| H$m ^wJVmZ Zht {H$`m Om gH$Vm h¡& 36. Maturity Benefit means the benefit, which
exure - 3 is payable on maturity as stated in this Policy
36. n{an¹$Vm {hVbm^ H$m AW© h¡ dh {hVbm^, Omo Bg nm°{bgr Document.
XñVmdoO _| ~VmE AZwgma n{an¹$Vm na Xo` h¡&
37. Material Information shall mean all important,
called in 37. ^m¡{VH$ OmZH$mar H$m AW© h¡ àñVmd ànÌ _| {ZJ_ Ûmam ñnîQ> essential and relevant information and

an No. 752 LIC’s

LIC’s SIIP
SIIP Page
Page 9 48
11 of of 46 Plan
Plan No.- 752
No. 752
 ê$n go _m§Jr JB© g^r _hËdnyU©, Amdí`H$ Am¡a àmg§{JH$ documents explicitly sought by the Corporation Ho$ A
OmZH$m{a`m± Am¡a XñVmdoO& in the proposal form. {bE X
The information already known to the Life (3) ~r_mH
nm°{bgr àmßV H$aZo Ho$ g_` OrdZ ~r{_V ì`pŠV/ Assured/Policyholder/Proposer at the time
nm°{bgrYmaH$/àñVmdH$ H$mo nhbo go kmV Eogr OmZH$mar, Omo OmZo `
of obtaining a policy which has a bearing on
àñVmd/àñVwV nm°{bgr Ho$ Omo{I_m§H$Z na à^md S>mbVr h¡, underwriting of the proposal /Policy submitted nmdVr
^m¡{VH$ OmZH$mar H$hbmVr h¡& constitutes Material Information.. `m n
38. Minor is a person who has not completed 18 gH$V
38. Ad`ñH$ `m Zm~m{bJ dh ì`pŠV h¡ {OgZo 18 df© H$s Am`w
years of age. (4) Ymam
nyar Zht H$s hmo&
39. Mortality Charge is the charge levied at the g_ZwX
39. _¥Ë`w Xa à^ma dh à^ma h¡ Omo OrdZ ~r_m-gwajm àXmZ beginning of each policy month for providing ~eV}
H$aZo Ho$ {bE àË`oH$ nm°{bgr _mh H$s ewéAmV _| bJm`m the life insurance cover.
g_ZwX
OmVm h¡& 40. Net Asset Value (NAV) means the price per unit hmo, C
of the Segregated Fund.
40. {Zdb AmpñV _yë` (EZEdr) H$m AW© n¥W¸¥$V \§$S> H$s à{V Aä`n
`y{ZQ> H$s_V h¡& 41. Nomination is the process of nominating a H$s ^
person(s) who is (are) named as “Nominee(s)”
Ho$ A
41. Zm_m§H$Z {H$gr ì`pŠV(`m|) H$mo ""Zm{_{V(`m|)'' Ho$ ê$n _| in the proposal form or subsequently included/
Zm_m§{H$V H$aZo Ho$ {bE àñVmd ànÌ _| `m ~mX _| n¥îR>m§H$Z changed by an endorsement. Nomination should nm°{bg
Ûmam em{_b H$aZo/~XbZo H$s à{H«$`m h¡& ~r_m A{Y{Z`_ be in accordance with provisions of Section 39 ~eVo©
of the Insurance Act, 1938 as amended from A{J«_
1938 H$s Ymam 39 Ho$ g_`-g_` na `Wm g§emo{YV time to time.
àmdYmZm| Ho$ AZwgma Zm_m§H$Z {H$`m OmZm Mm{hE& A§VaU
42. Nominee(s) means the person(s) nominated by aÔ Z
42. Zm{_{V(`m|) H$m AW© dh ì`pŠV h¡(h¢) {Ogo({OÝh|) Bg the Policyholder (who is also the Life Assured)
under this Policy who is (are) authorised
Cgr
nm°{bgr Ho$ A§VJ©V nm°{bgrYmaH$ Ûmam Zm_m§{H$V {H$`m J`m g_ZwX
to receive the claim benefit payable under
h¡, Omo Bg nm°{bgr Ho$ A§VJ©V Xo` Xmdm bm^ àmßV H$aZo hoVw
this Policy and to give valid discharge to the ~eV}
àm{YH¥$V hmoVm/hmoVr h¡ Am¡a Xmdo Ho$ {ZnQ>mZ na {ZJ_ H$mo Corporation on settlement of the claim. n[aUm
_mÝ` {S>ñMmO© àXmZ H$aVm/H$aVr h¡&
43. Non-Par products mean products which are not ZwXo{e
43. Agh^mJr CËnmXm| H$m AW© Eogo CËnmXm| go h¡, Omo nm°{bgr entitled for any share in surplus (profits) during ^wJVm
H$s Ad{Y Ho$ Xm¡amZ A{Yeof (_wZm\o$) _| {H$gr ^r {hñgoXmar the term of the policy.
nwZ: A
Ho$ nmÌ Zht hmoVo h¢& 44. Paid-up Sum Assured is equal to Basic Sum
Assured multiplied by the ratio of total period
(5) Ohm±
44. MwH$Vm ~r_m am{e _yb ~r_m am{e _| Cg Ad{Y, {OgHo$ {bE for which premium have already been paid OrdZ
nhbo go ^wJVmZ H$a {X`m J`m h¡, H$m Cg A{YH$V_ Ad{Y to the maximum period for which premiums h¡ `m
go AZwnmV, {OgHo$ {bE nm°{bgr Ho$ {Z`_m| Am¡a eVm] Ho$ were originally payable as per the terms and g^r
conditions of the policy _¥Ë`w h
AZwgma àr{_`_| _yb ê$n go Xo` Wr, H$m JwUm H$aZo na àmßV
am{e Ho$ ~am~a am{e h¡& 45. Partial Withdrawal is an option available to the ^wJVm
Policyholder to withdraw units from the Unit à{V{Z
45. Am§{eH$ {ZH$mgr nm°{bgrYmaH$ Ho$ {bE nm°{bgr Ho$ {Z`_m| Fund as per terms and conditions of the policy.
^r pñ
Am¡a eVm] Ho$ AZwgma `y{ZQ> \§$S> go `y{ZQ> {ZH$mbZo Ho$ {bE 46. Partial Withdrawal Charge is the charge
CnbãY {dH$ën h¡& levied on the Unit Fund at the time of partial (6) Ohm± E
withdrawal of the Fund during the policy term. Zm{_V
46. Am§{eH$ {ZH$mgr à^ma dh à^ma h¡ Omo nm°{bgr Ad{Y Ho$ ~r{_V
Xm¡amZ \§$S> H$s Am§{eH$ {ZH$mgr Ho$ g_` `y{ZQ> \§$S> na 47. Policy Anniversary means one year from the
Date of Commencement of the Policy and the H$m ^
bJm`m OmVm h¡& same date falling each year thereafter, till the (7) Bg Y
47. nm°{bgr df©Jm±R> H$m AW© nm°{bgr Ho$ Ama§^ hmoZo H$s {V{W go Date of Maturity. Ho$ Ym
EH$ df© ~mX H$s {V{W VWm CgHo$ ~mX n[anŠdVm {V{W VH$ 48. Policy/ Policy Document means this document OrdZ
ha df© ~mX AmZo dmbr àË`oH$ Cg {V{W go h¡& along with endorsements, if any, issued by the ~ÀMm|
Corporation which is a legal contract between
48. nm°{bgr/nm°{bgr XñVmdoO H$m AW© n¥îR>m§H$Zm|, `{X H$moB© hm|, the Policyholder and the Corporation. Cn-Y
g{hV {ZJ_ Ûmam Omar dh XñVmdoO h¡ Omo {H$ nm°{bgrYmaH$ {bE b
49. Policyholder is the legal owner of this policy.
VWm {ZJ_ Ho$ ~rM EH$ d¡Ym{ZH$ AZw~§Y hmoVm h¡& nm°{bg
50. Policy Administration Charge is a charge which AZwg
49. nm°{bgrYmaH$ Bg nm°{bgr H$m/H$s d¡{YH$ ñdm_r h¡& shall be levied at the beginning of each policy
month from the Unit Fund by cancelling units gH$V
50. nm°{bgr àemgZ à^ma Eogm à^ma h¡ Omo àË`oH$ nm°{bgr _mh for equivalent amount. This Charge shall be (8) CnamoŠ
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pt of such H$s ewéAmV _| `y{ZQ> \§$S> go g_Vwë` am{e Ho$ {bE `y{ZQ²>g deducted from 6th Policy year onwards as per
t shall be H$mo aÔ H$a bJm`m OmEJm& `h à^ma Bg nm°{bgr XñVmdoO details specified in Condition [Link] of Part E of
urer that this Policy Document.
hich such Ho$ ^mJ B© H$s eV© 8.S>[Link] _| {d{Z{X©îQ> {ddaUm| Ho$ AZwgma
N>R>o nm°{bgr df© go H$mQ>m OmEJm& 51. Policy Month is the period from the Date of
Commencement of Policy, to the date prior
s of the 51. nm°{bgr _mh nm°{bgr àma§^ hmoZo H$s {V{W go boH$a AJbo to the corresponding date in the following
hall, from calendar month or similar periods thereafter
ferred to H¡$b|S>a _mh _| g§JV {V{W go nhbo H$s {V{W VH$ H$s Ad{Y
beginning from the dates in any calendar month
sferee or h¡ `m CgHo$ ~mX nm°{bgr àma§^ hmoZo H$s {V{W go g§JV {H$gr
absolute corresponding to the Date of Commencement
^r H¡$b|S>a _mh H$s {V{W`m| go ewê$ hmoZo dmbr Eogr Ad{Y h¡& of Policy.
efit under
ubject to `{X CŠV g§JV {V{W {H$gr H¡$b|S>a _mh _| CnbãY Zht If the said corresponding date is not available
ransferor h¡, Vmo Bg à`moOZ Ho$ {bE H¡$b|S>a _mh H$m A§{V_ {XZ in a calendar month, then the last day of the
e of the calendar month will be taken for this purpose.
tute any {b`m OmEJm&
obtain a 52. Policy Term is the period, in years, as chosen
52. nm°{bgr Ad{Y, dfm] _|, nm°{bgr àma§^ hmoZo H$s {V{W go
he policy by the policyholder and as specified in the
ransferor ewê$ hmoH$a n[anŠdVm H$s {V{W VH$ nm°{bgrYmaH$ Ûmam MwZr schedule of this policy Document, commencing
to such JB© Am¡a Bg nm°{bgr XñVmdoO H$s AZwgyMr _| `Wm {Z{X©îQ> from the Date of commencement of policy to
Ad{Y h¡& the Date of Maturity.
orsement 53. Policy Year is the period between two
indicates 53. nm°{bgr df© Xmo bJmVma nm°{bgr df©Jm±R>m| Ho$ ~rM H$s Ad{Y
consecutive policy anniversaries. This period
nditional h¡& Bg Ad{Y _| nhbm df©Jm±R> H$m {XZ em{_b h¡ VWm AJbr includes the first day and excludes the next
er, every nm°{bgr df©Jm±R> H$m {XZ em{_b Zht h¡& policy anniversary day.
ed to be
and the 54. àr{_`_, nm°{bgrYmaH$ Ûmam nm°{bgr Ho$ A§VJ©V {hVbm^m| H$mo 54. Premium is the contractual amount payable by
may be, gwa{jV H$aZo Ho$ {bE Bg nm°{bgr XñVmdoO H$s AZwgyMr _| the Policyholder at specified times periodically
signee or as mentioned in the Schedule of this Policy
Cëbo{IV g_`-g_` na {Z{X©îQ> g_` na Xo` AZw~§YmË_H$
Document to secure the benefits under the
am{e h¡& policy.
ignee or
ce under 55. àr{_`_ Amd§Q>Z à^ma àmßV àr{_`_ go à^mam| Ho$ à{V 55. Premium Allocation Charge is the percentage
prior to of premium appropriated towards charges from
ce Laws {d{Z`mo{OV àr{_`_ H$m à{VeV h¡& `h à^ma àr{_`_ H$s
the premium received. This charge is levied at
ffected by àm{ßV Ho$ g_` bJm`m OmVm h¡&
the time of receipt of premium.
56. àr{_`_ ^wJVmZ Ad{Y H$m AW© h¡ dfm] _| dh Ad{Y, {OgHo$ 56. Premium Paying Term means the period in
aving the Xm¡amZ àr{_`_ Xo` h¡&
nment in years, over which Premiums are payable.
condition 57. àñVmdH$ dh ì`pŠV hmoVm/hmoVr h¡, {OgHo$ Ûmam OrdZ ~r_m 57. Proposer is a person who proposes the life
àñVmd àñVm{dV {H$`m OmVm h¡& insurance proposal.
become 58. Pure Risk Products means insurance products
minee or 58. {dewÕ Omo{I_ CËnmXm| H$m AW© Eogo ~r_m CËnmXm| go h¡
(without any savings element) where the
assignee ({~Zm {H$gr ~MV VËd Ho$), {OZ_| nm°{bgr H$s Ad{Y Ho$ payment of agreed amount is assured on
red; or ^rVa ~r{_V ì`{ŠV H$s _¥Ë`w hmoZo `m ~r_m-a{jV ñdmñÏ` the happening of death of life assured or on
e policy , g§~§Yr AmH${ñ_H$Vm hmoZo na gh_V am{e H$m ^wJVmZ happening of insured health related contingency
gw{Z{íMV hmoVm h¡& within the term of the policy.
shall not 59. Reduced Paid-Up is the status of the Policy,
policy or 59. H$_ hþB© MwH$Vm nm°{bgr H$s dh pñW{V h¡, O~ AZwJ«h Ad{Y when the Policy is discontinued after the expiry
VH$ àr{_`_ H$m ^wJVmZ Z H$aZo Ho$ H$maU 5 dfm] H$s of 5 years’ lock-in- period due to non-payment
r transfer bm°H$-BZ Ad{Y g_mßV hmoZo Ho$ ~mX nm°[bgr H$mo ~§X H$a of premiums up to the expiry of the grace
ction (1), {X`m OmVm h¡& period.
mited to 60. Revival of a policy means restoration of the
signment 60. nm°{bgr Ho$ nwZM©bZ H$m AW© h¡ àr{_`_ H$m ^wJVmZ Z H$aZo
policy, which was discontinued due to the non-
ll not be Ho$ H$maU ~§X H$s JB© nm°{bgr H$mo ~r_mH$Vm© Ûmam nm°{bgr payment of premium, by the insurer, with all the
e residual
XñVmdoO _| Cëbo{IV g^r {hVbm^m| Ho$ gmW, amBS>a benefits mentioned in the Policy Document, with
y.
{hVbm^m| Ho$ gmW `m CZHo$ {~Zm, nm°{bgr Ho$ {Z`_m| Am¡a or without rider benefits if any, upon the receipt
exure - 2 eVm] Ho$ AZwgma nwZM©bZ Ad{Y Ho$ Xm¡amZ g^r Xo` àr{_`_m| of all the premiums due and other charges or
urance late fee, if any, during the revival period as per
Am¡a AÝ` à^mam| `m {db§~ à^ma, `{X H$moB© hmo, àmßV hmoZo the terms and conditions of the policy, upon
ce on his na, ~r{_V ì`{ŠV Am¡a/`m àñVmdH$ H$s {Za§Va ~r_m `mo½`Vm being satisfied as to the Continued Insurability
policy or Ho$ ~mao _| g§VwîQ> hmoZo na ~hmb H$aZm& of the Life Assured and / or Proposer..

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 61. nwZM©bZ Ad{Y ^wJVmZ Zht hþB© nhbr àr{_`_ H$s {V{W go 61. Revival Period is the period of three consecutive `m g
bJmVma VrZ dfm] `m n[anŠdVm H$s {V{W VH$, Omo ^r nhbo complete years from the date of first unpaid à^md
premium or upto date of Maturity, whichever is
hmo, H$s dh Ad{Y h¡, {OgHo$ Xm¡amZ nm°{bgrYmaH$ àr{_`_ H$mZyZ
earlier.
^wJVmZ Z H$aZo Ho$ H$maU ~§X H$a Xr JB© nm°{bgr nwZM©{bV H$mZyZ
62. Rider means the insurance cover(s) added to a
H$aZo H$m A{YH$mar hmoVm h¡& H$m A
base policy for additional premium or charge.
62. amBS>a H$m AW© h¡ A{V{aŠV àr{_`_ `m à^ma Ho$ {bE _yb _| Zmo{
63. Rider Benefits means an amount of benefit
nm°{bgr _| Omo‹S>r JB© ~r_m-gwajm& payable on occurrence of a specified event
VH$ {
covered under the rider, and is an additional A{YH
63. amBS>a {hVbm^ H$m AW© h¡ amBS>a Ho$ A§VJ©V ~r_m-a{jV H$s benefit to benefit under base Policy. J`m h
JB© {H$gr {d{eîQ> KQ>Zm Ho$ K{Q>V hmoZo na Xo` {hVbm^ H$s
64. Rider Sum Assured is the assured amount ~eV}
am{e, VWm `h _yb nm°{bgr Ho$ A§VJ©V {hVbm^ Ho$ A{V{aŠV
payable on happening of a specified event
EH$ {hVbm^ h¡& ñWmZ
covered under the rider, if opted.
go nm°{
64. amBS>a ~r{_V am{e amBS>a Ho$ A§VJ©V ~r_m-a{jV H$s JB© 65. Savings products means those products other
{H$gr {d{eîQ> KQ>Zm Ho$ K{Q>V hmoZo na Xo` gw{Z{íMV am{e h¡, than Pure risk Product. (6) {Og {
`{X `h {dH$ën MwZm J`m hmo& 66. Schedule is the part of Policy Document that H$mo g
gives the specific details of your Policy. dmbo g
65. ~MV CËnmXm| H$m AW© h¡ {dewÕ Omo{I_ CËnmX Ho$ Abmdm
67. Segregated Funds means funds earmarked in g^r
AÝ` CËnmX&
respect of Linked Insurance Business. Ohm± A
66. AZwgyMr nm°{bgr XñVmdoO H$m dh ^mJ h¡, {Og_| AmnH$s 68. Settlement Option as specified in Condition 12 Eogo {b
nm°{bgr Ho$ {d{eîQ> {ddaU hmoVo h¢& of Part D of this Policy Document is the option em{gV
67. n¥W¸¥$V \§$S> H$m AW© g§~Õ ~r_m ì`dgm` Ho$ g§~§Y _| {Z`V available under this policy, to receive the Death {H$E J
Benefit in installments in accordance with the
\§$S> h¡& terms and conditions stated in advance at the ~eV}
68. Bg nm°{bgr XñVmdoO Ho$ ^mJ S>r H$s eV© 12 _| {Z{X©îQ>mZwgma inception of the contract. _| H$m
{ZnQ>mZ {dH$ën AZw~§Y H$s ewéAmV _| A{J«_ _| d{U©V 69. Surrender means complete withdrawal / {H$`m
{Z`_m| Am¡a eVm] Ho$ AZwgma Bg nm°{bgr Ho$ A§VJ©V {H$ñVm| termination of the entire policy before expiry of
(7) Cn-Y
Policy Term.
_| _¥Ë`w {hVbm^ àmßV H$aZo Ho$ {bE CnbãY {dH$ën h¡& A§VaU
70. Switch means a facility allowing the Policyholder
69. Aä`n©U H$m AW© h¡ nm°{bgr Ad{Y H$s g_m{ßV go nhbo g§nyU© `m g
to move the entire Unit Fund from one
nm°{bgr H$s nyU© dmngr/g_m{ßV& segregated Fund to any other segregated Fund dmbo ì
amongst the segregated funds offered under `m g
70. pñd{M§J H$m AW© Eogr gw{dYm h¡, {Og_| nm°{bgrYmaH$ H$mo
this Product. ^wJVm
Bg CËnmX Ho$ A§VJ©V àñVwV {H$E JE AbJ-AbJ \§$S²>g Ho$
71. Switching Charge is the charge levied at the time h¡; A
~rM EH$ AbJ \§$S> go {H$gr AÝ` AbJ \§$S> _| nyam `y{ZQ>
of executing a switch by cancelling appropriate H$m {Z
\§$S> A§V[aV H$aZo H$s gw{dYm {_bVr h¡& number of units out of Unit Fund. Zmo{Q>g
71. pñd{M§J à^ma dh à^ma h¡ Omo `y{ZQ> \§$S> go C{MV g§»`m 72. Underwriting is the term used to describe the
process of assessing risk and ensuring that the
(8) A§VaU
_| `y{ZQ²>g aÔ H$a {H$gr pñd{M§J H$m H$m`m©Ýd`Z H$aVo g_`
cost of the insurance cover is proportionate ~r_mH
bJm`m OmVm h¡&
to the risks faced by the individual concerned. àmpßV
72. Omo{I_m§H$Z eãX H$m Cn`moJ Omo{I_ H$m AmH$bZ H$aZo Am¡a Based on underwriting, a decision on A§V[a
`h gw{Z{íMV H$aZo H$s à{H«$`m H$m dU©Z H$aZo Ho$ {bE {H$`m acceptance or rejection of insurance cover as
CZ g
OmVm h¡ {H$ ~r_m-gwajm H$s bmJV g§~§{YV ì`{ŠV Ûmam gm_ well as applicability of suitable premium or
modified terms, if any, is taken. {H$ A
Zm {H$E OmZo dmbo Omo{I_m| Ho$ AZwnmV _| h¡& Omo{I_m§H$Z Ho$ g_ZwX
AmYma na, ~r_m-gwajm H$s ñdrH¥${V `m AñdrH¥${V Ho$ gmW- 73. Unit means a specific portion or part of the
underlying segregated Linked fund which H$a g
gmW Cn`wŠV àr{_`_ `m g§emo{YV eVm] H$s à`moÁ`Vm, `{X represents policyholder’s entitlement in such h¡ `m
H$moB© hmo, na {ZU©` {b`m OmVm h¡& funds. nm°{bg
73. `y{ZQ> H$m AW© A§V{Z©{hV n¥W¸¥$aV `y{ZQ> qbŠS> \§$S> H$m dh 74. Unit Fund Value means the summation of EH$ n
{d{eîQ> {hñgm `m ^mJ h¡ Omo Eogo \§$S>m| _| nm°{bgrYmaH$ H$s number of units in each segregated fund
multiplied by the net asset value (NAV) for
ñnîQ>r
hH$Xmar H$m à{V{Z{YËd H$aVm h¡& g§X[^
respective segregated fund under that policy.
74. `y{ZQ> \§$S> _yë` H$m AW© àË`oH$ n¥W¸¥$V \§$S> _| `y{ZQ²>g Ho$ 75. Unit Linked Insurance Products are the
g_ZwX
Hw$b _yë` _| Cg \§$S> Ho$ A§VJ©V g§~§{YV n¥W¸¥$V \§$S> hoVw products where the benefits are partially or A§VJ©V
{Zdb AmpñV _yë` (EZEdr) H$m JwUm H$aZo na àmßV am{e& wholly dependent on the performance of the ZwXoeZ
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 75. `y{ZQ> {b§ŠS> ~r_m CËnmX do CËnmX h¢, {OZ_| {hVbm^ underlying assets under each of the segregated
Am§{eH$ ê$n go `m nyU©V…, àñVm{dV àË`oH$ n¥W¸¥$V \§$S> Ho$ fund offered.
ievances,
nsurance A§VJ©V A§V{Z©{hV n{ag§n{Îm`m| Ho$ àXe©Z na {Z^©a hmoVo h¢& 76. UIN means the Unique Identification Number
cost and allotted to this plan by Insurance Regulatory
76. `yAmB©EZ H$m AW© ^maVr` ~r_m {d{Z`m_H$ {dH$mg àm{YH$aU Development Authority of India.
Ûmam Bg `moOZm H$mo Amd§{Q>V {d{eîQ> nhMmZ g§»`m go h¡&
budsman
omplaints
h as: PART – C: BENEFITS
the time ^mJ-gr: {hVbm^ 1. The following benefits are payable under this
ed under 1. Bg nm°{bgr Ho$ A§VJ©V {ZåZ{bpIV {hVbm^ Xo` h¢& policy
elopment A. Maturity Benefit:
E. n[anŠdVm {hVbm^: ~r{_V ì`pŠV Ho$ n[anŠdVm H$s
On the Life Assured surviving the stipulated
claims by {ZYm©[aV {V{W VH$ Or{dV ahZo na, n[anŠdVm H$s {V{W
he health Date of Maturity, an amount equal to the Unit
VH$ H$s pñW{V Ho$ AZwgma `y{ZQ> \§$S> Ho$ _yë` Ho$ ~am~a am{e Fund Value as on the date of maturity shall be
Xo` hmoJr& payable.
e in terms
~r. _¥Ë`w {hVbm^: ~r{_V ì`pŠV H$s n[anŠdVm H$s {ZYm©[aV B. Death Benefit:
ms and {V{W (AZwJ«h Ad{Y g{hV) go nhbo _¥Ë`w na, ~eV} nm°{bgr On death of the Life Assured before the
document bmJy hmo, Vmo, stipulated Date of Maturity (including during
Grace Period), provided policy is in- force, then,
i) OmopI_ àma§^$ hmoZo H$s {V{W go nhbo _¥Ë`w na:
s in so far i) On death before the Date of Commencement
_¥Ë`w H$s gyMZm H$s {V{W VH$ H$s pñW{V Ho$ AZwgma `y{ZQ> of Risk:
against \§$S> _yë` Ho$ ~am~a am{e Xo` hmoJr&
An amount equal to the Unit Fund Value as on
diaries; date of intimation of death shall be payable.
ii) OmopI_ àma§^$ hmoZo H$s {V{W Ho$ ~mX _¥Ë`w na:
general
{ZåZ{bpIV _| go CÀMV_ Ho$ ~am~a am{e Xo` hmoJr ii) On death after the Date of Commencement
nsurance
with the of Risk:
ser; · _¥Ë`w H$s {V{W go R>rH$ nhbo Xmo dfm] H$s Ad{Y Ho$ Xm¡amZ H$s
An amount equal to the highest of the following
JB© Am§{eH$ {ZH$m{g`m|, `{X H$moB© hmo, H$mo KQ>mH$a _yb ~r_m shall be payable
receipt of
nsurance am{e `m
• Basic Sum Assured reduced by Partial
· _¥Ë`w H$s gyMZm H$s {V{W VH$ H$s pñW{V Ho$ AZwgma `y{ZQ> Withdrawals, if any, made during the two
violation \§$S> _yë` `m years period immediately preceding the date
38 or the of death ; or
structions · _¥Ë`w H$s {V{W go R>rH$ nhbo Xmo dfm] H$s Ad{Y Ho$ Xm¡amZ H$s
me or the • Unit Fund Value as on date of intimation of
JB© Am§{eH$ {ZH$m{g`m|, `{X H$moB© hmo, H$mo KQ>mH$a _¥Ë`w H$s death; or
contract,
tioned at {V{W VH$ àmßV Hw$b àr{_`_ H$m 105%&
• 105% of the total premiums received
Ohm± _yb ~r{_V am{e '10 JwZm dm{f©H$sH¥$V àr{_`_ Ho$ upto the Date of Death reduced by Partial
pretation ~am~a hmoVr h¡, AJa àdoe Ho$ g_` ~r{_V OrdZ H$s withdrawals, ,if any, made during the two
e English Am`w 55 df© go H$_ hmo Am¡a 7 JwZm dm{f©H$sH¥$V àr{_`_ years period immediately preceding the date
of death
S POLICY, Ho$ ~am~a hmoVr h¡ AJa AJa àdoe Ho$ g_` ~r{_V OrdZ
, RETURN H$s Am`w 55 df© hmo Am¡a Am§{eH$ AmhaU ZrMo ^mJ S>r _| Where Basic Sum Assured is equal to ‘10
times of Annualized Premium in case age
Xr J`r eV© 13 Ho$ AZwgma hmo&
at entry of Life Assured is below 55 years
nexure - 1 ñdrH$m`© Xmdo H$s Xo`Vm _¥Ë`w à_mUnÌ Ho$ gmW _¥Ë`w H$s and 7 times of Annualized Premium in case
gyMZm àmá hmoZo H$s {V{W go à^mdr hmoJr& _¥Ë`w H$s {V{W Ho$ age at entry of Life Assured is 55 years and
nsurance above and Partial Withdrawal is as specified
~mX {bE J`o _¥Ë`wVm à^ma, XwK©Q>Zm {hVbm^ à^ma, nm°{bgr
in Condition 13 of Part D below.
policy of
àemgZ à^ma Am¡a H$a _¥Ë`w H$s gyMZm H$s {V{W na CnbãY
The liability of admissible claim shall be booked
r with or `w{ZQ> \§$S> _yë` _| {\$a go Omo‹S> {X`o OmE§Jo Am¡a _¥Ë`w {hVbm^
effective from the date of receipt of intimation
e only by Ho$ gmW Zm{_Vr `m bm^mWu H$mo {X`o OmE§Jo& _¥Ë` H$s {V{W of death with death certificate. Mortality charge,
lf or by a Ho$ ~mX Omo‹S>r J`r {H$gr ^r {ZpíMV A{^d¥{Õ H$mo `w{ZQ> \§$S>
r case by Accident Benefit charge, Policy Administration
his duly go dmng bo {b`m OmEJm& Charge and Tax charges thereon recovered
least one subsequent to the date of death shall be added
_¥Ë`w Vm {hVbm^ `m Vmo D$na {Z{X©îQ>mZwgma EH$_wíV am{e _| back to the Unit Fund Value available on the
e fact of
s thereof, `m `{X {ZnQ>mZ {dH$ën MwZm J`m h¡, Vmo {H$ñVm| _| Xo` hmoJm date of intimation of death and paid back to the
he terms O¡gm {H$ Bg nm°{bgr XñVmdoO Ho$ ^mJ S>r H$s eV© 12 _| nominee or beneficiary along with death benefit.

lan No. 752 LIC’s

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15 of Plan
PlanNo.- 752
No. 752
 CëboI {H$`m J`m h¡& Any Guaranteed Addition added subsequent to {eH$m`V
the date of death shall be recovered from the nVm bJ
gr. _¥Ë`wVm Xa à^ma H$s dmngr: Unit Fund.
Ho$ {bE
~r{_V ì`pŠV Ho$ n[anŠdVm H$s {ZYm©[aV {V{W VH$ Or{dV The death benefit shall be payable either in na ^r
ahZo na, ~eV} {H$ nm°{bgr Ho$ A§VJ©V g^r Xo` àr{_`_m| H$m lumpsum amount as specified above or in
_¥Ë`w Xm
^wJVmZ {H$`m J`m hmo, OrdZ ~r_m H$da Ho$ g§~§Y _| H$mQ>r instalments if Settlement Option is opted for
as mentioned in Condition 12 of Part D of this AnZo _
JB© _¥Ë`wVm Xa à^ma H$s Hw$b am{e Ho$ ~am~a am{e n[anŠdVm Xmdm {d
Policy Document.
{hVbm^ Ho$ gmW Xo` hmoJr& _¥Ë`wVm Xa à^ma H$s Hw$b am{e _| {ZdmaU
Omo{I_m§H$Z {ZU©` Ho$ H$maU nm°{bgr Ho$ A§VJ©V à^m`© H$moB© Ý`m`mb
C. Refund of Mortality Charge:
A{^d¥{Õ`m± Am¡a _¥Ë`wVm Xa à^ma na bJm`m J`m H$a à^ma, On the Life Assured surviving the stipulated {ZdmaU
`{X H$moB© hmo, em{_b Zht hmoJm& Date of Maturity, provided all due premiums
under the policy have been paid, an amount AmB©AmaS>rA
Aä`nU© `m ~§X H$s JB© nm°{bgr Ho$ _m_bo _| _¥Ë`wVm Xa à^ma equal to the total amount of mortality charges
H$m [a\§$S> Xo` Zht hmoJm& `{X J«m
deducted in respect of life insurance cover shall
^rVa h
2. {ZpíMV A{^d¥{Õ`m±: be payable along with the Maturity Benefit.
The total amount of mortality charges shall not _| go H
{ZpíMV A{^d¥{Õ`m± Ho$db Mmby nm°{bgr Ho$ A§VJ©V hr Xo` include any extra amount chargeable under {eH$m`V
hm|Jr AWm©V `{X g^r Xo` àr{_`_m| H$m ^wJVmZ H$a {X`m the policy due to underwriting decision and tax
i. Q>mob
J`m hmo& dm{f©H$ àr{_`_ Ho$ à{VeV Ho$ ê$n _| {ZpíMV charges levied on the mortality charges, if any.
Am
A{^d¥{Õ`m±, O¡gm {H$ ZrMo Xr JB© Vm{bH$m _| CëboI {H$`m Refund of Mortality Charge shall not be payable
in case of surrendered or discontinued policy. {e
J`m h¡, nm°{bgr dfm] H$s {d{eîQ> Ad{Y nyam hmoZo na nm°{bgr
2. Guaranteed Additions: ii. co
Ho$ A§VJ©V `y{ZQ> \§$S> _| Omo‹S> Xr OmE±Jr, ~eV} g^r Xo`
àr{_`_m| H$m ^wJVmZ {H$`m J`m hmo Am¡a nm°{bgr Mmby hmo& Guaranteed additions shall be payable only iii. htt
under an in-force policy i.e. if all due premiums {e
nm°{bgr {ZpíMV A{^d¥{Õ`m± (dm{f©H$ have been paid. Guaranteed Additions as a
df© H$s g_m{ßV àr{_`_ Ho$ à{VeV Ho$ ê$n _|) percentage of one Annualized Premium, as iv. Hy$[
6 5% mentioned in the table below shall be added to
10 10% the Unit fund on completion of specific duration
_h
15 15% of policy years provided all due premiums have {Zd
20 20%
been paid and the policy is in force. àm{
25 25%
End of Policy Year Guaranteed Additions (as
JwS
Amd§{Q>V {ZpíMV A{^d¥{Õ`m| H$mo A{^d¥{Õ H$s {V{W na percentage of one Annualized
Premium)
A§V{Z©{hV \§$S> Ho$ àH$ma H$s EZEdr Ho$ AmYma na `w{ZQ²>g H$s bmoH$nmb:
6 5%
g§»`m _| ê$nm§V{aV {H$`m OmEJm Am¡a {ZpíMV A{^d¥{Õ`m| 10 10% Xmdm g
Ho$ ^wJVmZ H$s {Z`V {V{W na MwZo J`o \§$S> Ho$ `w{ZQ> \§$S> _| 15 15% bmoH$nmb
Omo‹S> {X`m OmEJm& Eogr nm°{b{g`m| Ho$ {bE, Omo Mmby Zht h¢, 20 20% H$_ IM
25 25%
bo{H$Z ~mX _| nwZM©{bV H$am br J`r h¢, A{Za§VaVm H$s {V{W 2017
go nwZM©bZ H$s {V{W VH$ H$s {ZpíMV A{^d¥{Õ`m± nm°{bgr Ho$ The allocated Guaranteed Addition shall be àH$aUm
nwZM©bZ H$s {V{W na O_m H$a Xr OmE±Jr& converted to number of units based on NAV of
the underlying fund type as on the date of such
na {dM
hmbm±{H$, _¥Ë`w H$s {V{W Ho$ ~mX Omo‹S>r JB© {H$gr ^r {ZpíMV addition and shall be credited to the Unit Fund (E) X
A{^d¥{Õ H$mo `y{ZQ> \§$S> go dgyb {H$`m OmEJm& of the opted Fund on the due date of payment of H
Guaranteed Additions. For policies which are not
{deof _m_bo {Og_| {ZpíMV A{^d¥{Õ`m| H$mo AmZwnm{VH$ in force but revived subsequently, Guaranteed
{
AmYma na H$_ {H$`m OmEJm: Addition from the date of Discontinuance till (~r) O
the date of revival shall be credited on the date ~
Mmby nm°{bgr Ho$ _m_bo _|, Ohm± nm°{bgrYmaH$ Ûmam Am§{eH$
of revival of the policy.,
{ZH$mgr H$m bm^ CR>m`m J`m h¡ O¡gm {H$ Bg nm°{bgr (gr) ~
However, any Guaranteed Addition added
XñVmdoO Ho$ ^mJ S>r H$s eV© 13 _| {Z{X©îQ> {H$`m J`m h¡, à
subsequent to the date of death shall be
Am§{eH$ {ZH$mgr(`m|) H$s {V{W Ho$ ~mX g§b½Z H$s OmZo dmbr recovered from the Unit Fund.
{ZpíMV A{^d¥{Õ`m| H$mo AmZwnm{VH$ AmYma na H$_ {H$`m (S>r) n
Special cases where the Guaranteed Additions n
OmEJm& Eogr nm°{bgr`m| Ho$ A§VJ©V ^{dî` _| àË`oH$ nm°{bgr shall be reduced on pro-rata basis:
df© _| {ZpíMV A{^d¥{Õ`m| H$s g§emo{YV Xa H$s Bg gyÌ H$m (B©) ~
Cn`moJ H$a JUZm H$s OmEJr: In case of an in-force policy where Partial {
Withdrawal(s) have been availed by the
policyholder as specified in Condition 13 of (E\$) ~
LIC’s
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16 of Plan
Plan No.- 752
No. 752 LIC’s SIIP
 { {
Mortem Part D of this Policy Document, the Guaranteed
call for (df© Ho$ A§V _| \§$S> _yë`) go Jw{UV Additions to be attached after the date of
uired by (g§~§{YV df© Ho$ {bE bmJy {ZpíMV Partial Withdrawal(s) shall be reduced on pro-
A{^d¥{Õ`m| H$s _yb Xa) rata basis. The modified rate of Guaranteed
Additions in each of the future policy years
or the (df© Ho$ A§V _| \§$S> H$m _yë`)
under such polices shall be calculated by using
intimate (Hw$b Am§{eH$ {ZH$mgr(`m|) H$s am{e)&

{ {
g of the the formula:
nder the 3. OmopI_ àma§^ hmoZo H$s {V{W: (Original rate of Guaranteed Additions
e time. applicable for the respective year)multiplied
`{X ~r{_V ì`pŠV H$s àdoe Ho$ g_` Am`w 8 df© go H$_ h¡, by (Fund Value at the end of the year)
n Death (Fund Value at the end of the year) plus
Vmo Bg `moOZm Ho$ A§VJ©V OmopI_ `m Vmo nm°{bgr àma§^ hmoZo (amount of total Partial Withdrawal(s).
y for any H$s {V{W go 2 df© nyam hmoZo na `m 8 df© H$s Am`w nyar hmoZo
Assured
ng with Ho$ gmW `m CgHo$ R>rH$ ~mX n‹S>Zo dmbr nm°{bgr H$s df©Jm±R> 3. Date of Commencement of Risk
mandate na, Omo ^r nhbo hmo, ewê$ hmoJm& In case the age at entry of the Life Assured is
he claim `{X ~r{_V ì`pŠV H$s àdoe Ho$ g_` Am`w 8 df© `m Cggo less than 8 years, the risk under this plan will
proof of commence either on the completion of 2
A{YH$ h¡, Vmo OmopI_ nm°{bgr àma§^ hmoZo H$s {V{W go Vwa§V
ewê$ hmo OmEJm& years from the date of commencement of policy
andated or on the policy anniversary coinciding with
may be 4. Ad`ñH$ Ho$ OrdZ na nm°{bgr H$m {Z{hV hmoZm: or immediately following the completion of 8
ed to be years of age, whichever is earlier.
`{X nm°{bgr {H$gr Ad`ñH$ Ho$ OrdZ na Omar H$s OmVr h¡,
In case the age at entry of Life Assured is 8 years
Vmo `h nm°{bgr {Z{hV hmoZo H$s Eogr {V{W na AWm©V 18 df© or more, risk will commence immediately from
nditions H$s Am`w nyar hmoZo Ho$ gmW `m CgHo$ R>rH$ ~mX n‹S>Zo dmbr the date of commencement of policy.
payable nm°{bgr df©Jm±R> na ~r{_V ì`pŠV _| ñdMm{bV ê$n go {Z{hV
ation in 4. Vesting of Policy on the life of a minor:
ation & hmo OmEJr Am¡a Bg àH$ma {Z{hV hmoZo na {ZJ_ Am¡a ~r{_V If the policy is issued on the life of a minor
ì`pŠV Ho$ ~rM EH$ AZw~§Y _mZr OmEJr& this policy shall automatically vest in the Life
Assured on such Vesting date i.e. on the policy
e issued 5. amBS>a {hVbm^: anniversary coinciding with or immediately
sary and following the completion of 18 years of age and
ace. Bg nm°{bgr Ho$ A§VJ©V EbAmB©gr H$m qbŠS> XþK©Q>Zm _¥Ë`w
{hVbm^ amBS>a {hVbm^ nm°{bgr Omar hmoZo Ho$ ~mX ^r Bg shall on such vesting be deemed to be a contract
between the Corporation and the Life Assured.
Benefit amBS>a Ho$ bmJy {Z`_m| Am¡a eVm] Ho$ AYrZ MwZm Om gH$Vm h¡&
cument. 5. Rider Benefits:
O~ ^r nmÌ ~r{_V OrdZ Ûmam ~mX _| amBS>a H$m {dH$ën MwZm
Analysis OmVm h¡, Vmo nm°{bgr Ho$ A§VJ©V qbŠS> XþK©Q>Zm _¥Ë`w {hVbm^ Under this policy LIC’s Linked Accidental Death
ment is amBS>a H$m VËH$mbrZ CnbãY g§ñH$aU bmJy hmoJm& Benefit Rider can be opted for even after
issuance of policy subject to the applicable
`h nm°{bgr Omar hmoZo Ho$ g_` CnbãY amBS>a h¡: terms and conditions of this rider. Whenever
the rider is opted for subsequently by the
EbAmB©gr H$m qbŠS> XþK©Q>Zm _¥Ë`w {hVbm^ amBS>a eligible Life assured, the then available version
plication (`yAmB©EZ: 512A211V02): of Linked Accidental Death Benefit Rider shall
f policy be applicable under the policy.
charges Mmby nm°{bgr Ho$ A§VJ©V nmÌ ~r{_V OrdZ Ûmam EbAmB©gr
e* upon H$m qbŠS> XþK©Q>Zm _¥Ë`w {hVbm^ amBS>a {H$gr ^r nm°{bgr The rider available at the time of issuance of
h other df©Jm±R> na MwZm Om gH$Vm h¡, ~eV} {H$ eof nm°{bgr Ad{Y this policy is:
by the H$_ go H$_ 5 df© bo{H$Z nm°{bgr H$s df©Jm±R> na `m Cggo LIC’s Linked Accidental Death Benefit Rider
nhbo hmo, {Og {XZ ~r{_V ì`pŠV H$s {ZH$Q>V_ OÝ_{XZ H$s (UIN: 512A211V02): Under an inforce policy
duplicate Am`w 65 df© hmo& the LIC’s Linked Accidental Death Benefit Rider
d policy can be opted for by the eligible Life Assured, at
`{X MwZm J`m h¡ Vmo amBS>a H$s eV] Bg nm°{bgr Ho$ n¥ð>m§H$Z any policy anniversary provided the outstanding
usand of
efit Sum
Ho$ ê$n _| g§b½Z h¢& Policy Term is at least 5 years but on or before
ty Bond the policy anniversary on which the age nearer
6. AZwJ«h Ad{Y:
e is also birthday of the Life Assured is 65 years.
me shall nhbr AXÎm àr{_`_ H$s {V{W go dm{f©H$ `m AY©-dm{f©H$
Conditions of rider, if opted, are enclosed as
`m Ì¡_m{gH$ àr{_`_ Ho$ ^wJVmZ Ho$ {bE 30 {XZm| H$s Am¡a endorsement to this policy.
_m{gH$ (EZEgrEM Ho$ _mÜ`_ go) àr{_`_ Ho$ {bE 15 {XZm| 6. Grace period:
H$s AZJ«h Ad{Y H$s AZw_{V Xr OmEJr& `{X AZwJ«h Ad{Y A grace period of 30 days will be allowed for
s of India Ho$ ^rVa bo{H$Z Xo` àr{_`_ Ho$ ^wJVmZ go nhbo ~r{_V payment of yearly or half-yearly or quarterly
iction to ì`pŠV H$s _¥Ë`w hmo OmVr h¡, Vmo nm°{bgr A^r ^r d¡Y hmoJr premiums and 15 days for monthly (through

an No. 752 LIC’s SIIP

LIC’s Jeevan Kiran
SIIP Page
Page 17 of15
1348of 46 Plan No.
Plan No.-752
870
752
 Am¡a _¥Ë`w {hVbm^ H$m g^r àmg§{JH$ à^mam| H$s H$Q>m¡Vr, `{X NACH) premiums from the date of First unpaid CgHo$
dgyb Zht {H$`m J`m h¡, Ho$ ~mX ^wJVmZ {H$`m OmEJm& Premium. If the death of Life Assured occurs H$moB© ^
within the grace period but before the payment
{b`m J
`{X AZwJ«h Ad{Y H$s g_m{ßV go nhbo àr{_`_ H$m ^wJVmZ of premium then due, the policy will still be
Zht {H$`m OmVm h¡, Vmo {hVbm^ H$m àr{_`_ ~§X H$aZo Ho$ valid and the death benefits shall be paid after \§$S> _
A§VJ©V ^mJ S>r H$s eV© 3.~r _| {XE JE {ddaU Ho$ AZwgma deduction of all the relevant charges, if not Omo‹S>r J
recovered. br Om
^wJVmZ {H$`m OmEJm&
If the premium is not paid before the expiry of
7. àr{_`_ H$m ^wJVmZ: `{X ~r
the Grace Period, the benefits shall be paid as
Am`w 8
nm°{bgrYmaH$ H$mo {Z`V {V{W`m| na àr{_`_ H$m ^wJVmZ per details given in Condition 3 (B) of Part D
under Discontinuance of Premiums. 5. ~r{_V
H$aZm h¡ O¡gm {H$ Bg nm°{bgr XñVmdoO H$s AZwgyMr _|
{Z{X©îQ> {H$`m J`m h¡& {ZJ_ na àr{_`_ Xo` h¡ `m Xo` am{e H$m _yë
Ho$ {bE Zmo{Q>g Omar H$aZo H$m H$moB© Xm{`Ëd Zht h¡& 7. Payment of Premiums: ~mOma
The policyholder has to pay the Premium on Amídmg
^mJ - S>r: godm nhbwAm| go g§~§{YV eV] the due dates as specified in the Schedule of H$m CÔ
this Policy Document. The Corporation does àH$ma
1. Am`w H$m à_mU: not have any obligation to issue a notice that
premium is due or for the amount that is due.
H$aZo
_¥Ë`wVm à^ma, Ý`yZV_ Ed§ A{YH$V_ àdoe H$s Am`w, Ý`yZV_ gH$Vm
Am¡a A{YH$V_ n{an¹$Vm H$s Am`w O¡gr `mo½`Vm H$s eV] Am¡a PART – D: CONDITIONS RELATED TO SERVICING
H$maH$m
nm°{bgr Ad{Y àñVmd \$m°_© _| Kmo{fV ~r{_V OrdZ H$s C_« ASPECTS
h¡& nm°{
na {Z^©a H$aVr h¢& 1. Proof of Age: hmoZo d
`{X ~r{_V ì`pŠV H$s Am`w àñVmd ànÌ _| JbV ì`ŠV hmo The Mortality Charge, eligibility conditions viz. AYrZ
OmVr h¡ Am¡a ghr Am`w Eogr Am`w go AbJ (A{YH$ `m H$_) minimum and maximum age at entry, minimum
and maximum maturity age and Policy term 6. Xmdo Ho
nmB© OmVr h¡, Vmo {ZJ_ Ho$ AÝ` A{YH$mam| Ed§ Cnm`m|, {OZ_| are dependent on the age of Life Assured as
g_`-g_` na `Wm g§emo{YV, ~r_m A{Y{Z`_, 1938 E) _¥Ë
declared in the Proposal Form.
Ho$ àmdYmZ em{_b h¢, Vmo {ZJ_ Ûmam nm°{bgr Ho$ àma§^ Xm`a H
In case, the age of Life Assured is mis-stated in
hmoZo H$s {V{W Ho$ AZwgma ghr Am`w Ho$ AmYma na ~r{_V the Proposal Form and correct age is found to XñVmd
ì`pŠV H$s nmÌVm H$s Om§M H$s OmEJr Am¡a {ZåZm§{H$V H$X_ be different (Higher or lower) than such age, nm°{bg
CR>mE OmE§Jo: without prejudice to the Corporation’s other Ho$ {bE
rights and remedies, including the provisions _¥Ë`w H
AJa ~r{_V OrdZ H$s `mo½`Vm H$m`_ ahVr h¡: under the Insurance Act, 1938, as amended
H$m°boO
from time to time, the Corporation shall check
AJa ghr Am`w Ho$ gmW ~r{_V OrdZ nm°{bgr àma§^ hmoZo the eligibility of the Life Assured based on the Ho$ {bE
H$s {V{W na àdoe H$s Ý`yZV_/A{YH$V_ Am`w, n{an¹$Vm correct age as on the date of commencement H$s Om
H$s Ý`yZV_/A{YH$V_ Am`w Am¡a nm°{bgr Ad{Y Ho$ AZwgma of policy and the following action shall be taken: H$aZm
`mo½` hmo, Vmo Bg nm°{bgr Ho$ g^r {Z`_ d eV] ghr Am`w Ho$ If the Life Assured remains eligible:
AàmH¥$
AZwgma g§emo{YV hm|Jr/g§emo{YV _mZr OmE±Jr& In case the Life Assured with the correct age
MbVo
as on the date of commencement of policy is
AJa Am`w àñVmd _| Kmo{fV Am`w go A{YH$ nmB© OmVr h¡, eligible with respect to minimum/maximum (E\$A
Vmo Eogr pñW{V _| àdoe H$s ghr Am`w Ho$ {bE bmJy nm°{bgr age at entry, minimum/maximum Maturity age _m±Jr O
H$s pñW{V Ho$ AZwgma Omo{I_ H$s am{e na Am±H$s J`r Xa go and Policy Term, all the terms and conditions of H$a gH
ghr Am`w Ho$ {bE bmJy _¥Ë`wVm à^ma H$mQ> {bE OmE§Jo Am¡a this policy shall stand/deemed to be modified
with respect to the correct age. nm°{bg
`h H$Q>m¡Vr {ZJ_ Ûmam ghr Am`w Ho$ {bE BZ à^mam| Ho$ ~rM hmo, Ho$
In case the age is found higher than the age
O_m A§Va Am¡a nm°{bgr Ama§^ hmoZo H$s {V{W go H$Q>m¡Vr Ho$ n{aUm_
declared in the proposal ,the Mortality Charges,
g_` bmJy ã`mO Xa Ho$ gmW Bg àH$ma Ho$ ^wJVmZ VH$ bmJy applicable for correct age shall be deductible in h¡, Ho$
à^mam| Ho$ AmYma na `w{ZQ> \§$S> _yë` _| go `w{ZQ²>g H$s C{MV such case at the rate calculated on the respective gy{MV
g§»`m aÔ H$aHo$ H$s OmEJr& Sum at Risk as per the status of the policy for the
correct age at entry, and the Corporation shall ~r) _
`{X ~r{_V ì`pŠV H$s Am`w H$_ nmB© OmVr h¡, Vmo àñVmd _|
deduct by cancelling appropriate number of Xmdm H
Kmo{fV Am`w H$mo nm°{bgr H$s nyar Ad{Y Ho$ Xm¡amZ g^r à^mam| units out of Unit Fund Value, the accumulated _m_bo
H$s JUZm Ho$ {bE ghr Am`w _mZm OmEJm& difference between these charges for the H$mo ñd
AJa ~r{_V OrdZ `mo½` Z hmo: correct age and the charges as reckoned from
the commencement of the Policy up to the date
XñVmd
AJa nm°{bgr Ama§^ hmoZo H$s {V{W na ~r{_V OrdZ àdoe H$s of such payment with interest at such rate as XmdoXma
Ý`yZV_/A{YH$V_ Am`w, n{an¹$Vm H$s Ý`yZV_/A{YH$V_ may be prevailing at the time of deduction. H$aZm
LIC’s
LIC’sSIIP
Jeevan
SIIP Kiran Page1816
Page 13
of of
48 46 Plan
PlanNo.-
No. 752
870
752 LIC’s SIIP
 which are Am`w Am¡a nm°{bgr Ad{Y Ho$ AZwgma `mo½` Z hmo, Vmo nm°{bgr In case the age of the Life Assured is found to be
) of Part E ~§X H$a Xr OmEJr Am¡a ~§X {H$`o OmZo H$s {V{W na bmJy `w{ZQ> lower, the age declared in the proposal shall be
treated as the correct age for calculation of all
\§$S> _yë` dmng bm¡Q>m {X`m OmEJm&
exceed Rs. the charges throughout the term of the policy.
2. Hw$N> KQ>ZmAm| _| OãVr: If the Life Assured is not eligible:
`{X Bg_| {Z{hV `m n¥ð>m§{H$V {H$gr eV© H$m Cëb§KZ hmoVm In case the Life Assured with the correct age as
Rs. 500/-
h¡ `m `{X `h nm`m OmVm h¡ {H$ àñVmd, ì`{ŠVJV {ddaU, on the date of commencement of policy is not
KmofUm Am¡a g§~§{YV XñVmdoOm| _| H$moB© AgË` `m JbV ~`mZ eligible with respect to minimum/maximum
xceed the age at entry, minimum/maximum Maturity age
{Z{hV h¡ `m {H$gr ^r _hËdnyU© OmZH$mar H$mo amoH$H$a aIm
currently and Policy Term, the policy shall be terminated
E above
J`m h¡, Vmo Am¡a Eogo àË`oH$ _m_bo _| `h nm°{bgr eyÝ` hmo and the Unit Fund Value as on the date of
OmEJr Am¡a Bg nm°{bgr Ho$ AmYma na {H$gr ^r {hVbm^ Ho$ termination shall be refunded.
t exceed g^r Xmdo g_`-g_` na `Wm g§emo{YV ~r_m A{Y{Z`_, 2. Forfeiture in Certain Events:
eration is
1938 Ho$ AZwÀN>oX 45 Ho$ àmdYmZm| Ho$ AYrZ hm|Jo& In case any Condition herein contained or
3. J¡a-OãVr {d{Z`_: endorsed hereon shall be contravened or in case
gree with it is found that any untrue or incorrect statement
lder shall E. Aä`n©U: is contained in the proposal, personal statement,
Unit Fund declaration and connected documents or any
de during
nm°{bgr H$m nm°{bgr Ad{Y Ho$ Xm¡amZ {H$gr ^r g_` Aä`n©U material information is withheld, then and in
e allowed {H$`m Om gH$Vm h¡& Aä`n©U _yë`, `{X H$moB© hmo, {ZåZmZwgma every such case the policy shall be void and all
. Xo` hmoJm: claims to any benefit in virtue of this policy shall
i. AJa bm°H$-BZ-Ad{Y Ho$ Xm¡amZ nm°{bgr H$m Aä`n©U be subject to the provisions of Section 45 of the
TIONS Insurance Act, 1938, as amended from time to
{H$`m OmVm h¡: time.
wed under AJa H$moB© nm°{bgrYmaH$ bm°H$-BZ-Ad{Y Ho$ Xm¡amZ 3. Non – Forfeiture regulations:
Insurance
nm°{bgr Ho$ Aä`n©U H$m Xmdm H$aVm h¡, Vmo Bg A. Surrender:
time. The
contained nm°{bgr XñVmdoµO Ho$ ^mJ B© _| ì`º$ eV© 8.(S>r).(iv) A policy can be surrendered anytime during the
t. Ho$ AZwgma A{Za§VaVm à^ma H$mQ>Zo Ho$ ~mX CnbãY policy term. The surrender value, if any, shall be
`w{ZQ> \§$S> _yë` H$mo ZrMo {X`o J`o ^mJ S>r H$s eV© payable as under:
submitted i. If the policy is Surrendered during the Lock-
3.(gr) _| ì`º$ nÕ{V go YZam{e _| ê$nm§V{aV {H$`m
rporation, in-Period:
OmEJm& Bg YZam{e H$mo ZrMo {X`o J`o ^mJ S>r H$s eV©
3.(S>r) Ho$ AZwgma ~§X nm°{bgr \§$S> _| hñVm§V{aV H$a If a Policyholder applies for surrender of
older of a the policy during the Lock-in-Period, then
{X`m OmEJm& the Unit Fund Value after deducting the
er Section
nded from nm°{bgr bm°H$-BZ Ad{Y Ho$ A§V VH$ ~§X nm°{bgr \§$S> Discontinuance Charge as specified in
of Section _| {Zdo{eV hmoZm Omar ahoJr& Bg \§$S> go Ho$db \§$S> Condition 8.(d).(iv) of Part E of this Policy
his Policy à~§YZ à^ma (E\$E_gr) H$mQ>m OmEJm O¡gm {H$ Bg Document shall be converted into monetary
amount as specified in Condition 3.(C) of
nm°{bgr XñVmdoO Ho$ ^mJ B© H$s eV© 8.S>r _| {d{Z{X©îQ> Part D below. This monetary amount shall be
hange of {H$`m J`m h¡ Am¡a Bg Ad{Y Ho$ Xm¡amZ Eogr nm°{bgr na transferred to the Discontinued Policy Fund as
gistration amBS>a H$da g{hV H$moB© OmopI_ H$da, `{X H$moB© hmo, specified in Condition 3.(D) of Part D below.
where the CnbãY Zht hmoJm& The policy shall continue to be invested in
nation the the Discontinued Policy Fund till the end of
bm°H$-BZ-Ad{Y g_má hmoZo H$s {V{W na Bg nm°{bgr
ponsibility the lock-in period. Only Fund Management
ty or legal Ho$ ^§J nm°{bgr \§$S> H$s am{e ZrMo {X`o J`o ^mJ S>r H$s Charge (FMC) as specified in Condition 8.d.i
eV© 3.(B©) Ho$ AZwgma bm°H$-BZ-Ad{Y Ho$ A§V _| Xo` of Part E of this Policy Document shall be
hmoJr Am¡a nm°{bgr g_má hmo OmEJr& deducted from this fund and no risk cover,
hmbm§{H$, Aä`n©U H$s {V{W Ho$ ~mX, bo{H$Z bm°H$- including rider cover, if any, shall be available
on such policy during this period.
sured will BZ-Ad{Y Ho$ A§V go nhbo ~r{_V OrdZ H$s _¥Ë`w hmoZo
n in-force The Proceeds of Discontinued Policy Fund in
na, Bg nm°{bgr Ho$ g§~§Y _| ^§J nm°{bgr \§$S> H$s am{e respect of this policy as on the date of expiry
cancel the Zm{_Vr/H$mZyZr dm{ag H$mo Vwa§V Xo` hmoJr Am¡a nm°{bgr
t anytime of lock-in period, as specified in Condition
e the rider g_má hmo OmEJr& 3.(E) of Part D below, shall be payable at the
sequently ii. `{X nm°{bgr H$m 5 df© H$s bm°H$-BZ Ad{Y Ho$ ~mX end of Lock-in-Period and the policy shall
terminate.
Aä`n©U {H$`m OmVm h¡:
However, in case of death of the Life Assured
wed under `{X {H$gr nm°{bgrYmaH$ Ûmam 5 df© H$s bm°H$-BZ- after the date of surrender but before the
Ad{Y Ho$ ~mX nm°{bgr Ho$ Aä`n©U hoVw AmdoXZ {H$`m end of the Lock-in-period, the Proceeds

Plan No. 752 LIC’s

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PlanNo.-
No. 752
752
 OmVm h¡, Vmo Aä`n©U H$s gyMZm H$s {V{W VH$ H$s of Discontinued Policy Fund in respect of v. Am§{e
pñW{V Ho$ AZwgma `y{ZQ> \§$S> _yë` nm°{bgrYmaH$ H$mo this policy shall be payable to the nominee/ Amha
legal heir immediately and the policy shall
Xo` hmoJm Am¡a nm°{bgr g_mßV hmo OmEJr& nm°{bgr Ho$ ha ~
terminate.
A§VJ©V H$moB© g_m{ßV à^ma Zht hmoJm& `w{ZQ
ii. If the policy is Surrendered after 5 years’
bm°H$-BZ-Ad{Y Ho$ Xm¡amZ nm°{bgrYmaH$ H$s Amoa go lock-in-period: H$Q>m
Aä`{n©V nm°{bgr Ho$ nwZñWm©nZ H$m AmJ«h àmá hmoZo na If a Policyholder applies for surrender of the vi. H$a
^r Cgo nwZñWm©{nV H$aZo H$s AZw_{V Zht Xr OmEJr& policy after 5 years’ Lock-in-period, then the Bg g
Unit Fund Value as on the date of intimation of
~r. àr{_`_m| H$m ~§X hmoZm: g§d¡Y
surrender shall be payable to the Policyholder
`{X nm°{bgr Ho$ A§VJ©V AZwJ«h Ad{Y H$s ~§X hmoZo go nhbo and the policy shall terminate. There will be A{Y
àr{_`_ H$m ^wJVmZ Zht {H$`m J`m h¡, Vmo nm°{bgr ~§X hmoZo no Discontinuance Charge under the policy. {~Zm
H$s pñW{V _| hmoJr& Reinstatement of a surrendered policy shall not H$s X
be allowed even if a request for reinstatement vi. {d{d
AZwJ«h Ad{Y _|, nm°{bgr H$mo Mmby _mZm OmEJm Am¡a Bg is received from the policyholder during the {bE
nm°{bgr XñVmdoµO Ho$ ^mJ B© H$s eV© 8 Ho$ AZwgma AÝ` bmJy lock-in-period.
hmoZo
à^mam| Ho$ gmW _¥Ë`wVm Am¡a XwK©Q>Zm {hVbm^ g§ajU, `{X hm|, B. Discontinuance of Premiums:
H$o A
Vmo gm_mÝ` ê$n go {bE OmE§Jo& If premiums under the policy have not been paid
before the expiry of the Grace Period, then the am{e
AZwJ«h Ad{Y _| nm°{bgr Ho$ A§VJ©V Xo` bm^ Mmby nm°{bgr Ho$
policy shall be in a state of discontinuance. `y{ZQ
g_mZ hr ah|Jo, Am§{eH$ AmhaU Ho$ Abmdm, {OgH$s AZw_{V
During the Grace period, the policy shall be n[ad
g^r ~H$m`m àr{_`_m| Ho$ ^wJVmZ Ho$ {~Zm Zht Xr OmEJr& treated as in-force and the charges for Mortality {ZJ_
~§X nm°{bgr go {ZåZmZwgma ì`dhma {H$`m OmEJm: and Accident Benefit cover, if any, shall be taken, H$m
I) AJa nm°{bgr bm°H$-BZ-Ad{Y Ho$ Xm¡amZ ^§J H$a Xr as usual, in addition to other applicable charges
gmW
as specified in Condition 8 of Part E of this Policy
OmVr h¡: Document. V^r
AZwJ«h Ad{Y g_má hmoZo na, ^mJ B© H$s eV© 8.(S>r).(iv) The benefits payable under the policy during Am¡a
Ho$ AZwgma bmJy A{Za§VaVm à^ma H$mQ>Zo Ho$ ~mX `w{ZQ> \§$S> the grace period shall be same as that under an {H$`
_yë` H$mo ZrMo Xr J`r eV© gr Ho$ AZwgma YZam{e _| ê$nm§V{aV inforce policy, except Partial Withdrawal, which
9. à^mam|
shall not be allowed if all due premiums have not
{H$`m OmEJm& Bg YZam{e H$mo ZrMo Xr J`r eV© S>r Ho$ AZwgma Am¡a XþK
been paid.
^§J nm°{bgr \§$S> _| hñVm§V{aV H$a {X`m OmEJm Am¡a Omo{I_ {H$Ýht à
The treatment of discontinued policy shall be as
g§ajU Am¡a amBS>a g§ajU, `{X hmo, Vmo g_má hmo OmEJm& under: à^mam|
Eogr pñW{V _| ^§J nm°{bgr \§$S> go 50 ~o{gg nm°B§Q> à{V df© I) If the policy is discontinued during the Lock- H$mo 3 _
H$s Xa go {g\©$ \§$S> à~§YZ à^ma H$mQ>o OmE§Jo& in-period: OmEJm,
Bg àH$ma H$s A{Za§VaVm hmoZo na, nm°{bgrYmaH$ H$mo nhbo Upon expiry of the grace period, the Unit Fund Value {H$`m O
~H$m`m àr{_`_ H$s {V{W go VrZ _hrZm| Ho$ ^rVa EH$ nÌmMma after deducting the applicable Discontinuance
Charge as specified in Condition 8.(d).(iv) of Part hmbm±{H$
^oOm OmEJm, {Og_| nm°{bgr H$s pñW{V Am¡a nhbo ~H$m`m E shall be converted into monetary amount as g_`-g
àr{_`_ H$s {V{W go VrZ dfm] H$s nwZM©bZ Ad{Y Ho$ Xm¡amZ specified in Condition C below. This monetary hm|Jo& à
nwZM©bZ Ho$ {dH$ën H$s CnbãYVm H$s OmZH$mar Xr OmEJr& amount shall be transferred to the Discontinued
Policy Fund as specified in Condition D below and E) àr{_`
Eogo _|, {ZåZ{b{IV pñW{V`m± CËnÞ hmo gH$Vr h¢::
the risk cover and rider cover, if any, shall cease. Ho$ 12
(i) `{X nm°{bgrYmaH$ Ûmam nwZM©{bV H$aZo H$m {dH$ën MwZm In such case, only Fund Management Charges of ~r)nm°{b
OmVm h¡ Am¡a CgHo$ ~mX 3 df© H$s nwZM©bZ Ad{Y Ho$ 50 basis points per annum shall be deducted from
the Discontinued Policy Fund. hmoJm&
Xm¡amZ {H$gr ^r g_` nm°{bgr H$mo nwZM©{bV H$aZo Ho$
{dH$ën H$m à`moJ {H$`m OmVm h¡ Vmo nm°{bgr nwZM©{bV On such discontinuance, a communication shall gr) \§$
be sent to the policyholder within three months of go A
H$a Xr OmEJr O¡gm {H$ ZrMo ^mJ S>r H$s eV© 5 _|
the date of first unpaid premium, communicating H$s e
{Z{X©îQ> {H$`m J`m h¡& the status of the policy and the option of revival
(ii) AJa nm°{bgrYmaH$ nwZM©bZ H$m {dH$ën MwZVm h¡, available during the revival period of three years S>r) A
bo{H$Z 3 dfm] H$s nwZM©bZ Ad{Y Ho$ Xm¡amZ nm°{bgr H$mo from the date of First Unpaid Premium. go A
nwZM©{bV Zht H$aVm h¡, Vmo Bg nm°{bgr go g§~§{YV ^§J In such case following situations may arise: B©) ~Xb
nm°{bgr \§$S> H$s am{e ZrMo Xr J`r eV© (B©) Ho$ AZwgma (i) If the policyholder opts to revive and thereafter Zht h
exercises option to revive the policy at any time
nwZM©bZ Ad{Y Am¡a bm°H$-BZ-Ad{Y Ho$ A§V _| go ~mX during the revival period of 3 years the policy
E\$) A{Za
_| AmZo dmbr {V{W na Xo` hmoJr Am¡a nm°{bgr g_má shall be revived as specified in Condition 5 of A{YH
hmo OmEJr& bm°H$-BZ-Ad{Y Ho$ ~mX nwZM©bZ Ad{Y Part D below. eV© 8
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Plan No.- 752
No. 752 LIC’s SIIP
 the four g_má hmoZo na, nm°{bgr nwZM©bZ Ad{Y Ho$ A§V VH$ ~§X (ii) In case the Policyholder opts to revive but does
n inforce nm°{bgr \§$S> _| ahoJr& not revive the policy during the Revival Period
ed Fund, of 3 years, then proceeds of Discontinued
d (iii) `{X nm°{bgrYmaH$ Ûmam nm°{bgr nwZM©{bV H$aZo Ho$ Policy Fund in respect of this policy, as specified
ontinued {dH$ën H$m à`moJ Zht {H$`m OmVm h¡, Vmo nm°{bgr in condition (E) below, shall be payable to the
{H$gr OmopI_ H$da Am¡a amBS>a H$da, `{X H$moB© hmo, Ho$ policyholder at the end of the revival period
time of {~Zm Omar ahoJr Am¡a nm°{bgr \§$S> ~§X nm°{bgr \§$S> _| or lock-in period, whichever is later and
done on the policy shall terminate. In respect of
d will be {Zdo{eV ~Zm ahoJm& Bg nm°{bgr Ho$ g§~§Y _| ~§X nm°{bgr Revival period ending after lock-in period, the
\§$S> H$s àm{ßV`m| H$m ZrMo Xr JB© eV© B© _| {Z{X©îQ>mZwgma policy will remain in the Discontinued Policy
s Charge bm°H$-BZ Ad{Y H$s g_m{ßV H$s {V{W VH$ H$s pñW{V Fund till the end of Revival period.
of each Ho$ AZwgma bm°H$-BZ Ad{Y Ho$ A§V _| nm°{bgrYmaH$ H$mo (iii) In case the policyholder does not exercise
r till the ^wJVmZ {H$`m OmEJm Am¡a nm°{bgr g_mßV hmo OmEJr& the option to revive the policy, the policy shall
s 150 per continue without any risk cover and rider
p.a. from (iv) hmbm±{H$, nm°{bgrYmaH$ Ho$ nmg {H$gr ^r g_` nm°{bgr
cover, if any, and the policy fund shall remain
ubject to H$o Aä`n©U H$m {dH$ën h¡ Am¡a Bg nm°{bgr Ho$ g§~§Y invested in the Discontinued Policy Fund.
. Rs 6000 _| ~§X nm°{bgr \§$S> H$s àm{ßV`m± bm°H$-BZ Ad{Y The Proceeds of Discontinued Policy Fund in
ing units H$s g_m{ßV H$s {V{W VH$ H$s pñW{V Ho$ AZwgma `m respect of this policy as on the date of expiry of
Aä`n©U H$s {V{W VH$ H$s pñW{V Ho$ AZwgma O¡gm {H$ lock-in period as specified in Condition E below
ge levied shall be paid to the policyholder at the end of
fund to ZrMo Xr JB© eV© B© _| {Z{X©îQ> {H$`m J`m h¡, bm°H$-BZ
lock-in period and the policy shall terminate.
t and will Ad{Y `m Aä`n©U H$s {V{W, Omo ^r ~mX _| hmo, Ho$
(iv) However, the policyholder has an option to
switch by A§V _| nm°{bgrYmaH$ H$mo Xo` hm|Jr Am¡a nm°{bgr g_mßV surrender the policy anytime and Proceeds
units out hmo OmEJr& of Discontinued Policy Fund in respect of this
en policy
D$na Xr J`r OmZH$m{a`m| Ho$ Abmdm, nwZM©bZ Ad{Y `m policy as on the date of expiry of lock-in period
d free of
or as on the date of surrender as specified
, shall be bm°H$-BZ-Ad{Y Ho$ Xm¡amZ nm°{bgrYmaH$ H$s _¥Ë`w hmo OmZo
in Condition E below shall be payable to the
. 100 per H$s pñW{V _|, _m_bo Ho$ AZwgma, ZrMo Xr J`r eV© B© Ho$ Policyholder at the end of lock-in period or
AZwgma, _¥Ë`w H$s gyMZm Xr OmZo H$s {V{W na Bg nm°{bgr date of surrender whichever is later and the
e will be go g§~§{YV ~§X nm°{bgr \§$S> H$s YZam{e Vwa§V Zm{_Vr `m policy shall terminate.
number
bm^mWu H$mo Xo` hmoJr& Irrespective of what is stated above, in case of
ue as on
death of the Policyholder during the Revival
licy. The II) AJa bm°H$-BZ-Ad{Y Ho$ ~mX nm°{bgr H$mo ~§X {H$`m
Period or Lock-in-Period, as the case may be, the
e is as OmVm h¡: Proceeds of Discontinued Policy Fund in respect
AZwJ«h Ad{Y g_má hmoZo na, àr{_`_ H$m ^wJVmZ Z {H$`o of this policy as on the date of intimation of death,
ce Charg- as specified in Condition E below, shall be payable
icies OmZo Ho$ H$maU nm°{bgr ~§X hmoZo H$s pñW{V _|, nm°{bgr H$mo
lized to Nominee or Beneficiary immediately.
EH$ KQ>mB© J`r MwH$Vm nm°{bgr _| ê$nm§V{aV H$a {X`m OmEJm&
ve Rs II) If the policy is discontinued after the Lock-
Bg nm°{bgr Ho$ A§VJ©V _yb ~r{_V am{e H$mo MwH$Vm ~r{_V
in- Period:
multi- am{e Zm_H$ YZam{e VH$ KQ>m {X`m OmEJm, Omo (nm°{bgr Ho$
r FV) Upon expiry of the grace period, in case of
ximum of
{Z`_m| d eVm] Ho$ AZwgma _yb ~r{_V am{e Am¡a ^ao J`o Hw$b discontinuance of policy due to non payment of
àr{_`_ VWm Hw$b Xo` àr{_`_m| Ho$ AZwnmV Ho$ JwUZ\$b) Ho$ premiums, the policy shall be converted into a
multi- ~am~a hmoJr& nm°{bgr {H$gr ^r bmJy amBS>a àr{_`_ Ho$ {~Zm reduced paid-up policy. The Basic Sum Assured
r FV) under the policy shall be reduced to such a sum
ximum of {dK{Q>V MwH$Vm pñW{V _| ahoJr, `m{Z {H$ {dK{Q>V MwH$Vm
called Paid-Up Sum Assured and shall be equal
nm°{bgr Ho$ A§VJ©V H$moB© ^r XwK©Q>Zm {hVbm^ Xo` Zht hmoJm&
multi- to { Basic Sum Assured multiplied by the ratio of
r FV) MwH$Vm nm°{bgr Ho$ g§~§Y _| KQ>m`m J`m Omo{I_ g§ajU Am¡a Total number of premiums paid to the original
ximum of VXZwgma _¥Ë`wVm à^ma nhbo ~H$m`m àr{_`_ Ho$ ~mX AmZo number of premiums payable as per the terms
dmbo AJbo nm°{bgr _mh go bmJy hm|Jo& gmW hr, ZrMo {X`o and conditions of the Policy}. The policy shall
continue to be in reduced paid-up status without
multi- J`o ^mJ B© _| ì`ŠV eV© 8 Ho$ AZwgma g^r à^mam| (XwK©Q>Zm
r FV) rider cover, if any, i.e. no Accident Benefit cover
ximum of
{hVbm^ à^ma Ho$ Abmdm) H$s H$Q>m¡Vr ^r Omar ahoJr& shall be available under a reduced paid-up policy.
Bg àH$ma H$s A{Za§VaVm H$s pñW{V _|, nm°{bgrYmaH$ H$mo The reduced risk cover and hence the mortality
nhbo ~H$m`m àr{_`_ H$s {V{W go VrZ _hrZm| Ho$ ^rVa EH$ charges in respect of the paid-up policy shall be
nÌmMma ^oOm OmEJm, {Og_| nm°{bgr H$s pñW{V Am¡a (E) applicable from the next policy month following
the date of first unpaid premium. Further, all
nhbo ~H$m`m àr{_`_ H$s {V{W go VrZ df© `m n{an¹$Vm H$s charges (except Accident Benefit Charge) as
tinuance {V{W _| go nhbo AmZo dmbr {V{W VH$ nwZM©bZ H$s Ad{Y specified in Condition 8 of Part E below shall also
Ho$ ^rVa nm°{bgr (amBS>a Ho$ gmW, `{X MwZm J`m hmo) H$m continue to be deducted.

an No. 752 LIC’s

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Plan No.- 752
No. 752
 nwZM©bZ H$aZo; `m (~r) nm°{bgr H$mo nyar Vah {ZH$mbZo Ho$ On such discontinuance, a communication shall Omop
{dH$ënm| H$s OmZH$mar Xr OmEJr& be sent to the policyholder within three months of Am _¥Ë`wVm
the date of first unpaid premium, communicating `w à^ma
Eogr pñW{V _|, {ZåZ{bpIV pñW{V`m± CËnÝZ hmo gH$Vr h¢: the status of the policy and the options (a) to
i) `{X nm°{bgrYmaH$ Ûmam nwZM©bZ H$m {dH$ën MwZm OmVm revive the policy (along with the rider, if opted 2 1.24

h¡ Am¡a CgHo$ ~mX nwZM©bZ H$s Ad{Y Ho$ Xm¡amZ `m for) within the revival period of three years from 3 0.63
the date of first unpaid premium or up to the date 4 0.37
n[anŠdVm H$s {V{W VH$, Omo ^r nhbo hmo, nm°{bgr H$mo
of maturity, whichever is earlier; or (b) complete
nwZM©{bV H$aZo H$m {dH$ën MwZm OmVm h¡, Vmo nm°{bgr withdrawal of the Policy.
5 0.25

H$mo nwZM©{bV H$a {X`m OmEJm O¡gm {H$ ZrMo {XE JE In such case, the following situations may arise:
6 0.21

^mJ S>r H$s eV© 5 _| {Z{X©îQ> {H$`m J`m h¡& i) If Policyholder opts to revive and thereafter 7 0.20

ii) `{X nm°{bgrYmaH$ Ûmam nwZM©bZ H$m {dH$ën MwZm OmVm exercises the option to revive the policy 8 0.23

h¡, bo{H$Z nwZM©bZ Ad{Y Ho$ Xm¡amZ `m n[anŠdVm H$s anytime during this Revival Period or up to the 9 0.28

{V{W VH$, Omo ^r nhbo hmo, nm°{bgr H$mo nwZM©{bV Zht date of maturity, whichever is earlier, then the
10 0.36
policy shall be revived as specified in Condition
{H$`m OmVm h¡, `m {H$gr {dH$ën H$m à`moJ Zht {H$`m 5. of Part D below. 11 0.46

OmVm h¡, Vmo nm°{bgr nwZM©bZ Ad{Y Ho$ A§V VH$ `m ii) In case the Policyholder opts to revive but does 12 0.58
n[anŠdVm H$s {V{W VH$, Omo ^r nhbo hmo, KQ>r hþB© not revive the policy during this Revival Period 13 0.70
MwH$Vm nm°{bgr Ho$ ê$n _| ~Zr ahoJr& or up to the date of maturity, whichever is 14 0.83
Eogr pñW{V _|, nwZM©bZ H$s Ad{Y H$s g_m{ßV H$s earlier, or does not exercise any option, then
15 0.94
the policy shall subsist as a reduced paid up
{V{W VH$ H$s pñW{V Ho$ AZwgma `m n[anŠdVm H$s {V{W
policy till the end of the revival period or up to
VH$ H$s pñW{V Ho$ AZwgma, Omo ^r nhbo hmo, `y{ZQ> \§$S> gr. XþK
the date of maturity, whichever is earlier.
_yë` nwZM©bZ Ad{Y Ho$ A§V _| `m n[anŠdVm H$s {V{W XþK
In such case, the Unit Fund Value as on the date
na, Omo ^r nhbo hmo, Xo` hmoJm, Am¡a nm°{bgr g_mßV of expiry of Revival Period or as on the date of `h
hmo OmEJr& Maturity, whichever is earlier, shall be payable am
at the end of the revival period or date of {b
iii) AJa nm°{bgrYmaH$ {H$gr ^r g_` nm°{bgr H$mo nyar Vah
maturity, whichever is earlier, and the Policy àr
{ZH$mbZo H$m {dH$ën MwZVm h¡ `m CgH$m Aä`n©U H$aVm shall be terminated.
h¡, Vmo `w{ZQ> \§$S> _yë` H$s am{e nm°{bgrYmaH$ H$mo bm¡Q>m _yë
iii) In case the policyholder opts for complete
Xr OmEJr Am¡a nm°{bgr ~§X H$a Xr OmEJr&$ nm
withdrawal or surrenders the policy at any
time, in such case the amount in the Unit Fund h¡&
iv) nwZM©bZ Ad{Y H$s g_m{ßV `m n[anŠdVm H$s {V{W, Omo
^r nhbo hmo, go nhbo ~r{_V ì`pŠV H$s _¥Ë`w H$s pñW{V Value shall be refunded to the Policyholder ê$
and the policy shall be terminated. H$
_|, {ZåZ{bpIV _| go CƒV_ Xo` hmoJm
iv) In case of death of the Life Assured before g
· ~r{_V ì`pŠV H$s _¥Ë`w go R>rH$ nhbo Xmo df© H$s the end of Revival Period or date of Maturity, b
Ad{Y Ho$ Xm¡amZ H$s JB© Am§{eH$ {ZH$mgr, `{X H$moB© whichever is earlier, highest of the following
M
hmo, KQ>mH$a ~r_m am{e, (ZrMo ^mJ S>r H$s eV© 13 _| shall be payable
ê$
Am§{eH$ {ZH$mgr H$mo n[a^m{fV {H$`m J`m h¡) • Paid up Sum Assured reduced by Partial
Withdrawal, if any, made during the Xa
· _¥Ë`w H$s gyMZm H$s {V{W VH$ H$s pñW{V Ho$ AZwgma two year period immediately preceding _m{gH$
`y{ZQ> \§$S> _yë` the death of the Life Assured, (Partial ^mJ hmoJ
Withdrawal is as defined in Condition 13 of
· ~r{_V ì`pŠV H$s _¥Ë`w go R>rH$ nhbo Xmo df© H$s Part D below)
S>r. A
Ad{Y Ho$ Xm¡amZ H$s JB© Am§{eH$ {ZH$mgr H$mo N>mo‹S>H$a • Unit Fund Value as on the date of intimation i. \§$
àmßV Hw$b àr{_`_m| H$m 105%& of death Ho$
gr. YZam{e H$m ê$nm§VaU Bg àH$ma {H$`m OmEJm: • 105% of total premiums received excluding g
Partial Withdrawals made during the two à^
A{Za§VaVm H$s {V{W na CnbãY EZEdr `m{Z {H$ Aä`n©U
year period immediately preceding the
H$m AmdoXZ {H$`o OmZo H$s {V{W (`{X Aä`n©U bm°H$-BZ •
death of the Life Assured.
Ad{Y Ho$ Xm¡amZ {H$`m J`m hmo) `m _m_bo Ho$ AZwgma AZwJ«h C. Conversion of monetary amount shall be as
Ad{Y g_má hmoZo H$s {V{W Am¡a `w{ZQ> \§$S> _| CnbãY under:
`w{ZQ²>g H$s g§»`m (A{Za§VaVm à^ma, `{X hmo, Vmo H$mQ>Zo Ho$ The NAV as on the date of discontinuance i.e. date •
~mX) H$m JwUZ\$b hr Cg {V{W VH$ H$s YZam{e hmoJm& of application for surrender (if surrendered during
the Lock-in period) or as on the date of expiry of
S>r. YZam{e H$m ~§X nm°{bgr \§$S> _| hñVm§VaU: `h
grace period as the case may be, multiplied by
D$na Xr J`r nÕ{V go {JZr J`r YZam{e H$mo `w{ZQ²>g _| the number of units in the Unit Fund (i.e. after à^
ê$nm§V{aV H$aHo$ ~§X nm°{bgr \§$S> _| hñVm§V{aV {H$`m OmEJm& deduction of Discontinuance Charge, if any) as on K
LIC’s
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22 of 20
48 of 46 Plan
Plan No.- 752
No. 752 LIC’s SIIP
 is will be ~§X nm°{bgr \§$S> Ho$ `w{ZQ²>g H$s g§»`m hñVm§VaU H$s {V{W na that date, will be the monetary amount
cy month ~§X nm°{bgr \§$S> H$s EZEdr Ho$ AZwgma nm°{bgr _| Amd§{Q>V D. Transferring the monetary amount into the
number Discontinued Policy Fund:
H$s OmEJr&
alue. The
The monetary amount calculated as above shall
fth of the B©. ~§X nm°{bgr \§$S> H$s bm^ am{e H$s JUZm Bg àH$ma
be transferred to the Discontinued Policy Fund
the Table H$s OmEJr: by converting the monetary amount into the
~§X nm°{bgr \§$S> (SFIN: ULIF001201114LIC units. The number of units of the Discontinued
Assured Policy Fund shall be allocated to the Policy
DPFNLIF512) EH$ n¥W¸¥$V `w{ZQ> \§$S> h¡ Am¡a Cg_| `w{ZQ>
harge will considering the NAV of the Discontinued Policy
niversary {b§ŠS> OrdZ ~r_m `moOZmAm| Ho$ A§VJ©V Xo` g^r nm°{b{g`m| Fund as on the date of transfer.
e Date of Ho$ ~§X nm°{bgr \§$S> H$m g_mdoe hmoJm& {g\©$ ^mJ B© Ho$ E. The Proceeds of the Discontinued Policy
he Policy n{aÀN>oX 8.S>r.(i) Ho$ AZwgma \§$S> à~§YZ à^ma (FMC) Bg Fund shall be calculated as under:
mediately \§$S> na bmJy hm|Jo&
rs of age, The Discontinued Policy Fund (SFIN:
Bg nm°{bgr Ho$ g§~§Y _| ~§X nm°{bgr \§$S> H$s bm^ am{e ~§X ULIF001201114LICDPFNLIF512) is a segregated
nm°{bgr \§$S Ho$ `w{ZQ> \§$S> _yë` `m {ZpíMV YZam{e _| go unit fund and shall comprise of all the Discontinued
m at Risk. Policy Fund of all the policies offered under
erm shall A{YH$V_ am{e hmoJr& the Unit Linked Life Insurance plans. Only Fund

{
Ohm±, `w{ZQ> \§$S> _yë` H$s JUZm EZEdr Am¡a nm°{bgr H$mo ~§X Management Charges (FMC) as specified in Para
e 8.d.(i) of Part E shall be applicable on this fund.
nm°{bgr \§$S> go {ZH$mbo OmZo H$s {V{W na ~§X nm°{bgr \§$S> Ho$
`w{ZQ²>g H$s g§»`m Ho$ JwUZ\$b Ho$ ê$n _| H$s OmEJr& The Proceeds of the Discontinued Policy Fund in
respect of this Policy shall be higher of the Unit
{ZpíMV YZam{e {ZpíMV ã`mO Xa na ~§X nm°{bgr \§$S> _| Fund Value of Discontinued Policy Fund or the
hñVm§V{aV YZam{e Ho$ g§M` H$mo H$hm OmVm h¡& {ZpíMV ã`mO Guaranteed Monetary Amount.
Xa ~§X nm°{bgr \§$S> _| YZam{e Ho$ hñVm§VaU H$s {V{W go Where, Unit Fund Value shall be calculated by
tioned in boH$a _¥Ë`w, Aä`n©U, nwZM©bZ, bm°H$-BZ-Ad{Y Ho$ A§V _| multiplying the NAV with the number of units of
d Paid-up nm°{bgr g_m{á `m 3 df© H$s nwZM©bZ Ad{Y nyar hmoZo (`{X Discontinued Policy Fund on the date of exit of the
tion 3.(B). Policy from the Discontinued Policy Fund.
nwZM©bZ Ad{Y bm°H$-BZ-Ad{Y go A{YH$ hmo) _| go {H$gr
The total The Guaranteed Monetary Amount is the
as on the ^r bmJy H$maU go ^§J nm°{bgr \§$S> go nm°{bgr H$mo {ZH$mbo
accumulation of monetary amount transferred
Unit Fund OmZo H$s {V{W VH$ O_m hmoVr ahoJr& into the Discontinued Policy Fund at the
eduction dV©_mZ _| `h {ZpíMV ã`mO Xa 4% à{Vdf© h¡ Am¡a guaranteed interest rate. The guaranteed interest
t Benefit rate shall accrue from the date when the monetary
AmBAmaS>rEAmB H$s KmofUm Ho$ AZwgma g_`-g_` na
s and Tax amount is transferred to the Discontinued Policy
nd Policy ~Xbmd Ho$ AYrZ h¡& Fund to the date when the policy exits from
y charges 4. A{Zdm`© g_mpßV: the Discontinued Policy Fund either by death,
Assured/ surrender, revival, policy termination at the end of
licable, is `{X nm°{bgr H$_ go H$_ 5 dfm] VH$ Mb MwH$s h¡, ~eV} 5 Lock-in-Period or on completion of 3 years’ revival
e date of nyU© dfm] H$s àr{_`_ H$m ^wJVmZ {H$`m J`m hmo Am¡a `y{ZQ> period (if revival period extends beyond the Lock-
\§$S> _| eof am{e g§~§{YV à^mam| H$s dgybr Ho$ {bE n`m©ßV in-Period) whichever is applicable.
m assured Currently this guaranteed interest rate is 4% p.a.
Zht h¡, Vmo nm°{bgr A{Zdm`© ê$n go g_mßV hmo OmEJr Am¡a
pplicable and shall be subject to change from time to time
ed’, shall `y{ZQ> \§$S> _| eof am{e, `{X H$moB© hmo, nm°{bgrYmaH$ H$mo dmng
as declared by IRDAI.
hdrawals H$a Xr OmEJr& `h Bg ~mV na Ü`mZ {XE {~Zm bmJy hmoJm {H$
4. Compulsory termination:
mediately nm°{bgr nwZM©bZ Ad{Y Ho$ Xm¡amZ Mmby h¡ `m MwH$Vm h¡&
Mortality If the policy has run for at least 5 years provided
5. ~§X nm°{b{g`m| H$m nwZM©bZ: 5 full years’ premiums have been paid and
the balance in the Unit Fund is not sufficient
reduced E. bm°H$-BZ Ad{Y Ho$ Xm¡amZ ~§X nm°{bgr H$m nwZM©bZ: to recover the relevant charges, the policy
espect of shall be compulsorily terminated and the
deducted
`{X nm°{bgrYmaH$ Ûmam nwZM©bZ Ad{Y Ho$ Xm¡amZ nm°{bgr
nwZM©{bV H$aZo H$m {dH$ën MwZm OVm h¡, Vmo {ZåZ{bpIV Ho$ balance amount in the Unit Fund, if any, shall
e date of be refunded to the Policyholder. This shall be
AYrZ nm°{bgr H$mo nwZM©{bV H$a {X`m OmEJm: applicable irrespective of whether the policy is
nder the E. ã`mO Ho$ {~Zm g^r Xo` Am¡a AXÎm àr{_`_m| Ho$ ^wJVmZ in-force or paid-up during the revival period.
and the na& ~§X hmoZo H$s {V{W go Cg na Xo` g^r ~H$m`m bmJy 5. Revival of discontinued Policies:
sk under àr{_`_ Amd§Q>Z à^mam| Am¡a H$a à^mam|| H$s `y{ZQ> \§$S> A. Revival of a Discontinued Policy during
he policy
go H$Q>m¡Vr H$s OmEJr& lock-in Period:
ong with
riod from ~r. nm°{bgr H$m$ ~§X nm°{bgr \§$S> H$s àm{ßV`m|, `{X H$moB© hmo, In case the Policyholder opts to revive the
th. Ho$ gmW nm°{bgr ~§X hmoZo Ho$ g_` `y{ZQ> \§$S> go H$mQ>m policy during the Revival Period, the policy shall
be revived subject to the following:
, will be J`m ~§X hmoZo H$m à^ma, `{X H$moB© hmo, `y{ZQ> \§$S> _| dmng
an No. 752 LIC’s
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23 of 48 Plan
Plan No.- 752
No. 752
 Omo‹S> {X`m OmEJm& a. On payment of all due and unpaid premium gr)
without [Link] outstanding applicable
~r. bm°H$-BZ-Ad{Y Ho$ ~mX ~§X nm°{bgr H$m nwZM©bZ:
Premium Allocation Charges and Tax charges
AJa nm°{bgrYmaH$ nwZM©bZ H$s Ad{Y Ho$ Xm¡amZ `m n{an¹$Vm thereon due since the date of discontinuance
H$s {V{W VH$, Omo ^r nhbo hmo, nm°{bgr Ho$ nwZM©bZ H$m shall be deducted from the Unit Fund. Cg {XZ
{ZU©` boVm h¡, Vmo nm°{bgr H$mo {ZåZ{b{IV eVm] Ho$ AYrZ b. Discontinuance Charge deducted from the iv. `{X
Unit Fund, if any, at the time of discontinuance
nwZM©{bV {H$`m OmEJm: H$Q>-
of the policy along with the Proceeds of the
E. ã`mO Ho$ {~Zm g^r Xo` Am¡a AXÎm àr{_`_ Ho$ Policy’s Discontinued Policy Fund, if any, shall E)
^wJVmZ na& be added back to the Unit Fund.
~r. ~§X hmoZo H$s {V{W go Cg na Xo` g^r ~H$m`m bmJy B. Revival of a Discontinued Policy after lock-in
àr{_`_ Amd§Q>Z à^mam|, nm°{bgr àemgZ à^mam| Am¡a Period:
H$a à^mam| H$s `y{ZQ> \§$S> go H$Q>m¡Vr H$s OmEJr& In case the Policyholder opts to revive the policy
~r)
during the Revival Period or up to the date of
{ZJ_ _yb eVm] na ñdrH$ma H$aZo, g§emo{YV eVm] Ho$ gmW
Maturity, whichever is earlier, then the policy gr)
ñdrH$ma H$aZo `m ""~moS©> Ûmam AZw_mo{XV Omo{I_m§H$Z Zr{V"" shall be revived subject to the following:
Ho$ AZwgma {H$gr ~§X nm°{bgr H$m nwZM©bZ AñdrH$ma H$aZo a. On payment of all due and unpaid premium
H$m A{YH$ma gwa{jV aIVm h¡& nwZM©bZ nhbo go CnbãY without interest.
AJbo ì
OmZH$mar, XñVmdoOm| Am¡a [anmoQ>m] Am¡a nwZM©bZ Ho$ g_`, b. All outstanding applicable Premium
nm°{bgrYmaH$ / àñVmdH$ / ~r{_V ì`pŠV Ûmam Bg g§~§Y Allocation Charges, Policy Administration v. Am°\
_| àñVwV H$s OmZo dmbr {H$gr ^r A{V[aŠV OmZH$mar Ho$ charges and Tax charge thereon due pŠb
AmYma na ~r{_V ì`pŠV H$s {Za§Va ~r_m`mo½`Vm H$s g§Vw{ï> since the date of discontinuance shall be grQ>r
deducted from the Unit Fund.
Ho$ AYrZ hmoJm, `{X Am¡a O¡gm {H$ ""~moS©> Ûmam AZw_mo{XV àr{_
The Corporation reserves the right to accept at
Omo{I_m§H$Z Zr{V"" Ho$ AZwgma Amdí`H$ hmo gH$Vm h¡& ~§X A§VJ
original terms, accept with modified terms or
H$s JB© nm°{bgr H$m nwZM©bZ {ZJ_ Ûmam AZw_mo{XV, ñdrH¥$V decline the revival of a discontinued policy as {H$`
Am¡a nwZM©bZ agrX Omar {H$E OmZo Ho$ ~mX hr à^mdr hmoJm& per the “Board Approved Underwriting Policy” 7. `w{ZQ²>g
nm°{bgrYmaH$ Ûmam _yb ê$n go MwZo JE `m A§{V_ of the Corporation. The Revival shall be subject
nm°{bgr
to satisfaction of Continued Insurability of
AXbm-~Xbr _| MwZo JE JE n¥W¸¥$V \§$S>, `m nwZM©bZ Ho$ eV© 8.
the Life Assured on the basis of information,
g_` MwZo JE \§$S>, O¡gm ^r _m_bm hmo, H$s `y{ZQ²>g nwZM©bZ documents and reports that are already `w{ZQ²>g
H$s {V{W VH$ H$s pñW{V Ho$ AZwgma EZEdr Ho$ AmYma na available and any additional information in this {Zdb A
Amd§{Q>V H$s OmE±Jr& regard if and as may be required in accordance àñVmd
with the “Board Approved Underwriting Policy”
~§X hmoZo H$s {V{W go nwZM©bZ H$s {V{W VH$ H$s {ZpíMV àñVm{d
at the time of revival, being furnished by the
A{^d¥{Õ`m± nm°{bgr Ho$ nwZM©bZ H$s {V{W na O_m Policyholder/Proposer/Life Assured. The revival 8. à^ma:
H$s OmE±Jr& of a discontinued policy shall take effect only
E. àr{_
D$na Omo ^r H$hm J`m h¡, CgHo$ hmoVo hþE ^r, `{X `y{ZQ> after the same is approved, accepted and revival
receipt is issued by the Corporation. à{V
\§$S> _yë` nwZM©bZ Ad{Y Ho$ Xm¡amZ à^mam| H$mo dgybZo Ho$ {bE Xa H
Units of the segregated fund originally chosen
n`m©ßV Zht h¡, Vmo nm°{bgr g_mßV hmo OmEJr Am¡a CgHo$ ~mX
by the Policyholder or as chosen in the last {Og
nwZM©bZ H$s AZw_{V Zht Xr OmEJr& switch, or the fund chosen at the time of revival, {bE
EbAmB©gr H$m qbŠS> XþK©Q>Zm _¥Ë`w {hVbm^ amBS>a, `{X MwZm as the case may be, shall be allotted based on
the NAV as on the date of revival. {H$ñV
OmVm h¡, _yb nm°{bgr Ho$ gmW, Z {H$ AbJ go nwZM©{bV àH$m
The Guaranteed Additions from the date of
{H$`m Om gH$Vm h¡&
Discontinuance till the date of Revival shall be
6. nwZñWm©nZ: credited on the date of revival of the policy.
nhb
Irrespective of what is stated above, if the
bm°H$-BZ-Ad{Y Ho$ Xm¡amZ nm°{bgrYmaH$ H$s Amoa go Xÿgao go b
Unit Fund Value is not sufficient to recover the df©
Aä`{n©V nm°{bgr Ho$ nwZñWm©nZ H$m AmJ«h àmá hmoZo na ^r charges during the revival period, the policy
Cgo nwZñWm©{nV H$aZo H$s AZw_{V Zht Xr OmEJr& BgHo$
shall terminate and thereafter revival will not
be allowed. ~r. _¥Ë`
7. nm°{bgr _| n[adV©Z:
LIC’s Linked Accidental Death Benefit Rider, if
AZw~§Y Ho$ Xm¡amZ, Ý`yZV_ àr{_`_ Ho$ àmdYmZm| Ho$ AYrZ opted for, can be revived along with the Base _¥Ë`
àr{_`_ ^wJVmZ nÕ{V _| Am¡a `moOZm Ho$ {Z`_m| d eVm] Ho$ Policy and not in isolation. {d{e
AZwgma àr{_`_ JwUOm| _| ~Xbmd Am¡a nm°{bgr Omar {H$`o 6. Reinstatement: _| `
OmZo Ho$ ~mX XwK©Q>Zm {hVbm^ amBS>a Omar H$aZo H$s AZw_{V Reinstatement of a surrendered policy shall not H$aH
Xr Om gH$Vr h¡& Bg àH$ma Ho$ ~Xbmd Ho$ {bE Bg nm°{bgr be allowed even if a request for reinstatement _| {X
LIC’s
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48 of 46 Plan
Plan No.- 752
No. 752 LIC’s SIIP
hs. XñVmdoµO Ho$ ^mJ B© H$s eV© 8.S>r.(vi) Ho$ AZwgma `w{ZQ> \§$S> is received from the policyholder during the
majeure _yë` _| go `w{ZQ²>g H$s C{MV g§»`m aÔ H$aHo$ é. 100/- Lock-in-period.
normal H$m àH$sU© à^ma H$mQ>m OmEJm Am¡a `h H$Q>m¡Vr nm°{bgr _| 7. Policy Alteration:
~Xbmd {H$`o OmZo H$s {V{W na H$s OmEJr& `h ~Xbmd, During the contract, alteration in premium
of such payment mode subject to provisions of
~Xbmd H$s {V{W Ho$ gmW `m CgHo$ ~mX AmZo dmbr nm°{bgr
oaded on Minimum Premium, and Premium Multiples
rmation. df©Jm±R> H$s {V{W go à^mdr hmoJm& allowed as per term and conditions of the
{ZJ_ ""~moS©> Ûmam AZw_mo{XV Omo{I_m§H$Z Zr{V"" Ho$ AZwgma plan and grant of Accident Benefit Rider, after
the issue of policy may be allowed. For such
units for nm°{bgr _| n[adV©Z ñdrH$ma `m AñdrH$ma H$aZo H$m A{YH$ma
alteration a miscellaneous charge of Rs.100/-
NAV as gwa{jV aIVm h¡& n[adV©Z {ZJ_ Ûmam AZw_mo{XV {H$E OmZo will be deducted as specified in Condition
Am¡a àñVmdH$/~r{_V ì`pŠV H$mo {deof ê$n go {bpIV ê$n 8.d.(vi) of Part E of this Policy Document, by
rans- go gy{MV {H$E OmZo Ho$ ~mX hr à^mdr hmoJm& cancelling appropriate number of units out
cut off
of the Unit Fund Value and the deduction
8. nm°{bgr H$s g_m{ßV: shall be made on the date of alteration in the
ng
e of com- {ZåZm§{H$V _| go H$moB© ^r KQ>Zm g~go nhbo hmoZo na `h policy. The alteration will be effective from the
nm°{bgr Vwa§V Ed§ ñdV: g_mßV hmo OmEJr: policy anniversary coincident or following the
alteration.
E) `{X _¥Ë`w Ho$ {bE {ZnQ>mZ {dH$ën H$m à`moJ Zht {H$`m
The Corporation reserves the right to accept or
OmVm h¡ Vmo dh {V{W {Og na _¥Ë`w {hVbm^ H$m ^wJVmZ decline the alteration in the policy as per the
{H$`m OmVm h¡; `m “Board Approved Underwriting Policy” of the
~r) dh {V{W {Og na nm°{bgr Ho$ A§VJ©V Aä`n©U {hVbm^m| Corporation. The alteration shall take effect only
H$m {ZnQ>mZ {H$`m OmVm h¡; `m after the same is approved by the Corporation
ceipt of and is specifically communicated in writing to
real- gr) n[anŠdVm H$s {V{W; `m the Proposer/Life Assured.
te of
er. S>r) `{X _¥Ë`w H$s pñW{V _| {ZnQ>mZ {dH$ën MwZm OmVm h¡ 8. Termination of Policy:
ceipt Vmo A§{V_ {H$ñVm| Ho$ ^wJVmZ na; `m
date of The policy shall immediately and automatically
er. B©) {ZnQ>mZ {dH$ën Ad{Y àma§^ hmoZo Ho$ ~mX Zm{_{V/ terminate on the earliest occurrence of any of
bm^mWu H$s _¥Ë`w na; `m the following events:
E\$) {ZewëH$ Ad{Y {ZañVrH$aU H$s am{e Ho$ ^wJVmZ na; a) The date on which death benefit is paid if
`m Settlement Option for death is not exercised;
ceipt of or
riting. Or) A{Zdm`© g_m{ßV na O¡gm {H$ Bg nm°{bgr XñVmdoO Ho$
b) The date on which surrender benefits are
^mJ S>r H$s eV© 4 _| {Z{X©îQ> {H$`m J`m h¡; `m settled under the policy; or
ceipt of EM) nm°{bgr ~§X hmoZo H$s pñW{V _| O¡gm {H$ Bg nm°{bgr c) The date of maturity ;or
ng XñVmdoO Ho$ ^mJ S>r H$s eV© 3.~r _| {Z{X©îQ> {H$`m
ceipt of d) On payment of final installments under
writing J`m h¡& Settlement Options if opted in case of death;
te. Am`) Bg nm°{bgr XñVmdoO Ho$ ^mJ S>r H$s eV© 2 _| {Z{X©îQ> or
tion e) On death of the Nominee/Beneficiary after
{H$E AZwgma OãVr hmoZo na&
where the commencement of the Settlement
of ad- 9. nm°{bgr F$U: Option Period; or
ums after
has been Bg nm°{bgr Ho$ A§VJ©V H$moB© F$U gw{dYm CnbãY Zht h¡& f) On payment of free look cancellation
amount; or
payment 10. {ZewëH$ AdbmoH$Z Ad{Y:
g) On compulsory termination as specified
nm°{bgrYmaH$ Ûmam BboŠQ´>m°{ZH$ ê$n go `m XÿañW {d{Y Ho$ in Condition 4 of Part D of this Policy
ty.
A§VJ©V nm°{bgr XñVmdoO àmßV {H$E OmZo H$s {V{W, Omo ^r Document; or
continu-
nhbo hmo, go 30 {XZm| H$s {ZewëH$ AdbmoH$Z Ad{Y Ho$ Xm¡amZ h) In case of discontinuance of policy as
n. `{X nm°{bgrYmaH$ nm°{bgr Ho$ {Z`_m| Am¡a eVm] go g§VwîQ> specified in Condition 3.B of Part D of this
n the Zht h¡, Vmo dh Amn{Îm`m| H$m H$maU ~VmVo hþE nm°{bgr {ZJ_ Policy Document.
H$mo dmng bm¡Q>m gH$Vm h¡& nm°{bgr àmßV hmoZo na {ZJ_ Ûmam i) In the event of forfeiture as specified in
m. as per Condition 2 of Part D of this Policy Document
hanges in
nm°{bgr aÔ H$a Xr OmEJr Am¡a dmng H$s OmZo dmbr am{e
{ZåZmZwgma hmoJr: 9. Policy Loan:
tructions
s the cut- No loan facility is available under this policy.
`w{ZQ> \§$S> (AmJ«h àmá hmoZo H$s {V{W VH$) _| `w{ZQ²>g
n of NAV 10. Free Look period:
H$s g§»`m
ceptance During the Free Look period of 30 days from the
of Policy Am¡a AZmd§{Q>V àr{_`_ (àmá àr{_`_ Am¡a Amd§Q>Z à^ma Ho$ date of receipt of the electronic of physical mode
JwUZ\$b Ho$ ~am~a) of the Policy Document by the Policyholder,

an No. 752 LIC’s

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25 of of 46 Plan
Plan No.- 752
No. 752
 Am¡a {ZewëH$-AdbmoH$Z MwZo OmZo H$s {V{W go boH$a Cg whichever is earlier, if the Policyholder is not ii. ZrMo
nm°{bgr _mh Ho$ A§V VH$, {OgHo$ {bE g§~Õ à^ma H$mQ>o satisfied with the Terms & Conditions of the ê$n
policy, he/she may return the policy to the
J`o h¢, VH$ H$s eof Ad{Y Ho$ {bE g_mZwnmVr _¥Ë`wVm Am¡a Corporation stating the reason of objections. On gH$V
XwK©Q>Zm {hVbm^ à^ma, `{X hmo, Vmo receipt of the same the Corporation shall cancel H$m
Am¡a CgHo$ ~mX H$mQ>o J`o H$a the policy and the amount to be refunded shall (Eg
be as under:
_| go {M{H$Ëgr` narjU Ho$ dmñV{dH$ ˜M© ({deof {anmoQ²>g© CnH
Value of units in the Unit Fund ( as on the date
g_oV, `{X H$moB© hmo) KQ>m H$a Am¡a, of receipt of request) E.
é. 0.20 à{V hµOma H$s Xa go _yb ~r{_V am{e Am¡a Plus Unallocated Premium (equal to
XwK©Q>Zm {hVbm^ ~r{_V am{e, `{X H$moB© hmo, Vmo KQ>m H$a& Allocation Charge multiplied by Premium
received)
11. \§$S²>g Ho$ ~rM AXbm-~Xbr H$m {dH$ën: Plus Proportionate Mortality and Accident
nm°{bgr Ad{Y Ho$ Xm¡amZ nm°{bgrYmaH$ Bg nm°{bgr Ho$ A§VJ©V Benefit charge, if any, for the balance period
from the date of opting for Free- Look to
AZw_V {H$Ýhr ^r \§$S> Ho$ àH$mam| Ho$ ~rM AXbm-~Xbr H$a the end of the policy month for which the
gH$Vm h¡, O¡gm {H$ Bg nm°{bgr XñVmdoµO Ho$ ^mJ B© H$s eV© respective charges have been deducted
_| ~Vm`m J`m h¡& AXbm-~Xbr H$aZo na nyar am{e MwZo J`o Plus Tax Charges deducted thereon
Z`o \§$S> _| Mbr OmVr h¡& EH$ nm°{bgr df© Ho$ Xm¡amZ, 4 ~ma Less Actual cost of medical examination
{Z…ewëH$ ê$n go AXbm-~Xbr H$s Om gH$Vr h¡& BgHo$ ~mX (including special reports, if any),
Less Stamp duty @ Rs.0.20 per thousand
~r.
\§$S> ~XbZo na Bg nm°{bgr XñVmdoµO Ho$ ^mJ B© H$s eV© 8.S>r.
Basic Sum Assured and Accident Benefit Sum
iii Ho$ AZwgma é. 100 à{V AXbm-~Xbr H$m pñd{M§J à^ma
Assured, if any.
bmJy hmoVm h¡&
11. Option to switch between the funds:
nm°{bgrYmaH$ H$s Amoa go EH$ \§$S> go Xygao _| ~XbZo H$m The Policyholder can switch between any fund
AmJ«h {_bZo na, pñd{M§J à^ma, `{X bmJy hmo, Vmo H$mQ> H$a types allowed under this policy as specified in
gr.
`w{ZQ> \§$S> _yë` nm°{bgrYmaH$ Ûmam MwZo J`o Z`o \§$S> Ho$ àH$ma Condition 1 of Part E of this Policy Document,
_| hñVm§V{aV H$a {X`m OmEJm Am¡a CgH$m BñVo_mb AXbm- during the policy term. On switching, the entire
amount is switched to the new Fund opted for.
~Xbr H$s H${WV {V{W na Z`o \§$S> àH$ma Ho$ A§VJ©V EZEdr During a given policy year, 4 switches will be
na \§$S> H$s `w{ZQ²>g Amd§{Q>V H$aZo Ho$ {bE {H$`m OmEJm& EH$ allowed free of charge. Subsequent switches
{d{eï> g_` VH$ (dV©_mZ _| Xmonha 3 ~Oo VH$) AmJ«h àmá shall be subject to a Switching Charge of Rs.100
per switch as specified in Condition [Link] of
hmoZo na Cgr {XZ H$s A§{V_ EZEdr bmJy hmoJr Am¡a Cg g_`
Part E of this Policy Document.
Ho$ ~mX àmá hþE AmJ«hm| Ho$ {bE AJbo ì`mnma {XZ H$s EZEdr On receipt of the Policyholder’s request for a
bmJy hmoJr& switch from one fund type to another, the Unit
{X`m J`m g_` _m¡OyXm {Xem{ZX}em| Ho$ AZwgma h¡ Am¡a Bg_| Fund Value after deducting Switching Charge, if
applicable, shall be transferred to the New Fund
AmBAmaS>rEAmB© Ho$ {ZX}em| Ho$ AZwgma g_`-g_` na type opted for by the Policyholder and shall be
~Xbmd g§^d h¡& utilized to allocate Fund Units at the NAV under
S>r.
the new Fund type on the said date of switch.
12. {ZnQ>mZ {dH$ën: If a request is received up to a particular time
`h {dH$ën nm°{bgrYmaH$ H$s _¥Ë`w na àm{ßV`m| H$mo {H$ñVm| _| (presently 3 p.m.), the closing NAV of the same i.
àmßV H$aZo Ho$ {bE CnbãY hmoJm& day shall be applicable and in respect of the
applications received after such time the closing
nm°{bgrYmaH$ _¥Ë`w {hVbm^ {H$íVm| _| àmá H$aZo Ho$ {dH$ën NAV of the next business day shall be applicable. ii
H$m BñVo_mb H$a gH$Vm h¡& Bg {dH$ën H$m BñVo_mb ~r{_V The timing given is as per the existing guidelines
OrdZ Ho$ Zm~m{bJ hmoZo Ho$ Xm¡amZ nm°{bgrYmaH$ Ûmam `m 18 and changes in this regard shall be as per the
df© Am¡a Cggo µÁ`mXm Am`w Ho$ ~r{_V OrdZ Ûmam CgHo$ instruction from IRDAI from time to time.
OrdZH$mb _| nm°{bgr Ho$ g{H«$` ahZo Ho$ Xm¡amZ Zm{_Vr H$mo 12. Settlement Option:
ii
_¥Ë`w {hVbm^ XoZo H$s nÕ{V (`m{Z {H$ dm{f©H$, AY©dm{f©H$, This option shall be available to the policyholder
Ì¡_m{gH$ `m _m{gH$ {H$íV|) MwZH$a {H$`m Om gH$Vm h¡, Omo to receive the death proceeds in instalments.
The Policyholder can exercise the option to iv
~r{_V OrdZ H$s _¥Ë`w H$s {b{IV gyMZm _¥Ë`w à_mUnÌ Ho$
take Death Benefit in instalments. This option
gmW Xr OmZo H$s {V{W go nm±M df© VH$ gr{_V hmoZr Mm{h`o& can be exercised by the Policyholder during the
BgHo$ ~mX _¥Ë`w Ho$ Xmdo H$s am{e H$m ^wJVmZ nm°{bgrYmaH$ minority of Life Assured or by Life Assured aged
Ûmam MwZo J`o {dH$ën Ho$ AZwgma Zm{_Vr H$mo {H$`m OmEJm Am¡a 18 years and above, during his/her lifetime while B©.
in currency of the policy, specifying the mode
Zm{_Vr H$mo Bg_| H$moB© ^r ~Xbmd H$aZo H$s AZw_{V Zht hmoJr& of paying the Death Benefit to the nominee
Bg àH$ma H$s nm°{bgr Ho$ A§VJ©V `w{ZQ> \§$S> _¥Ë`w H$s gyMZm (i.e. yearly, half yearly, quarterly or monthly
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Plan
Plan No.- 752
No. 752 LIC’s SIIP
e of the Xr OmZo H$s {V{W na _m¡OyXm \§$S> Ho$ àH$ma Ho$ AZwgma instalments) spread over a period of not more
{Zdo{eV ahoJm& than five years from the date of intimation of
k Profile death of Life Assured, in writing, along with
àË`oH$ {H$íV _¥Ë`w H$s gyMZm H$s {V{W na `w{ZQ²>g H$s Hw$b death certificate. The death claim amount shall
ow Risk then be paid to the nominee as per the option
g§»`m Am¡a {H$íVm| H$s Hw$b g§»`m (`m{Z {H$ 5 df© H$s Ad{Y
_| dm{f©H$, AY©dm{f©H$, Ì¡_m{gH$ Am¡a _m{gH$ {H$íVm| Ho$ {bE exercised by the Policyholder and no alteration
dium Risk
whatsoever shall be allowed to be made by the
FIN No: H«$_e… 5, 10, 20 Am¡a 60) H$m AZwnmV hmoJr& àË`oH$ {H$íV nominee.
um Risk) Ho$ {bE àmá `w{ZQ²>g H$s g§»`m H$m JwUZ bmJy \§$S> Ho$ àH$ma The Unit Fund under such policy will continue to
e of the H$s {H$íV Ho$ ^wJVmZ Ho$ {XZ H$s EZEdr go H$aHo$ àË`oH$ be invested as per the fund type existing as on
{H$íV _| Xr OmZo dmbr am{e H$s JUZm H$s OmVr h¡& {H$íV H$m the date of intimation of death.
k Profile Each instalment shall be the total number
^wJVmZ `w{ZQ> \§$S> go `w{ZQ²>g H$mo {aS>r_ H$aHo$ {H$`m OmEJm& of units as on the date of intimation of death
ower to
dium Risk nhbm ^wJVmZ _¥Ë`w H$s gyMZm H$s {V{W na Am¡a CgHo$ ~mX divided by total number of instalments (i.e. 5,
nm°{bgrYmaH$ Ûmam MwZr J`r nÕ{V go, `m{Z {H$ _m_bo Ho$ 10, 20 and 60 for yearly, half-yearly, quarterly
gh Risk and monthly instalments in 5 year period
AZwgma _¥Ë`w H$s {V{W go ha _hrZo `m VrZ _hrZm| `m N>… respectively). The number of units arrived at
FIN No:
h Risk) _hrZm| _| {H$`m OmEJm& in respect of each instalment will be multiplied
by the NAV of the applicable fund type as on
e of the {ZnQ>mZ {dH$ën H$s Ad{Y Ho$ Xm¡amZ \§$S> à~§YZ à^ma Ho$
the date of instalment payment to arrive
Abmdm H$moB© ^r AÝ` à^ma Zht H$mQ>m OmEJm& Xr J`r {V{W at the amount paid out in each instalment.
k Profile na Xo` {H$íV H$s am{e {Zdoe Ho$ Omo{I_ Ho$ AYrZ hmoJr, The instalment payment shall be made by
ower to
`m{Z {H$ \§$S> Ho$ àXe©Z Ho$ AmYma na EZEdr _| CVma-M‹T>md redeeming the units from the Unit Fund. The
dium Risk first payment will be made corresponding to
hmo gH$Vm h¡& {ZnQ>mZ H$s Ad{Y _| {Zdoe H$m Omo{I_ Zm{_ the date of intimation of death and thereafter
dium Risk
Vr/nm°{bgrYmaH$ Ûmam CR>m`m OmEJm& {ZnQ>mZ H$s Ad{Y based on the mode opted by the policyholder
Ho$ Xm¡amZ H$moB© Omo{I_ g§ajU `m {ZpíMV {hVbm^ CnbãY i.e. every month or three months or six months
or annual from the date of intimation of death,
we may Zht hm|Jo& as the case may be.
propriate {ZnQ>mZ {dH$ën H$s Ad{Y H$s ewéAmV Ho$ ~mX Zm{_Vr H$s During the Settlement Option Period no charges
notified other than the Fund Management Charge
the Fund.
_¥Ë`w hmo OmZo na, `w{ZQ> \§$S> _| CnbãY eof `w{ZQ²>g H$m _yë`
shall be deducted. The value of instalment
r existing EH$_wíV ê$n go H$mZyZr dm{ag H$mo Xo` hmo OmEJm& payable on the date specified shall be subject to
es during {ZnQ>mZ {dH$ën H$s Ad{Y Omar ahZo Ho$ Xm¡amZ Zm{_Vr Ûmam investment risk i.e. the NAV may go up or down
der does {H$gr Am§{eH$ AmhaU `m \§$S> H$s AXbm-~Xbr H$s AZw_{V depending upon the performance of the fund.
tion shall The investment risk during the settlement period
th similar Zht hmoJr& shall be borne by the Nominee/Beneficiary.
ering NAV 13. Am§{eH$ AmhaU: There will not be any risk cover or guaranteed
benefits during the settlement period.
nm°{bgrYmaH$ {ZåZ{b{IV eVm] Ho$ AYrZ nm±Mdr nm°{bgr On death of the nominee after the
df©Jm±R> Ho$ ~mX {H$gr ^r g_` Am§{eH$ ê$n go `w{ZQ²>g commencement of the Settlement Option
hich the Period, the value of the outstanding units held
lot Fund {ZH$mb gH$Vm h¡ ~eV} {H$ V~ VH$ Ho$ g^r ~H$m`m àr{_`_
in the Unit Fund shall become payable to the
ct of this MwH$m`o J`o hm|:
legal heir in lump sum.
which the i) Ad`ñH$m| H$s pñW{V _|, ~r{_V ì`{ŠV H$s Am`w 18 df© No partial withdrawal or switching of fund
purchase)
`m Cggo A{YH$ hmo OmZo Ho$ ~mX hr Am§{eH$ {ZH$mgr H$s by the nominee shall be allowed during the
his policy.
AZw_{V Xr OmEJr& subsistence of the period of settlement option.
Bid price
equal to ii) Am§{eH$ {ZH$mgr {ZpíMV am{e Ho$ ê$n _| `m {Z{íMV 13. Partial Withdrawals:
g§»`m _| `y{ZQ²>g Ho$ ê$n _| hmo gH$Vr h¡& A Policyholder can partially withdraw the units
at any time after the fifth policy anniversary and
iii) àË`oH$ nm°{bgr df© Ho$ Xm¡amZ \§$S> Ho$ à{VeV Ho$ ê$n _|
basis and provided all due premiums till date of partial
nce, Fund Am§{eH$ {ZH$mgr H$s A{YH$V_ am{e {ZåZmZwgma hmoJr: withdrawal have been paid, subject to the
type and following:

{
nm°{bgr df© `y{ZQ> \§$S> H$m à{VeV
6dm± go 10dm± 20% i) In case of minors, partial withdrawals shall
e fund be allowed only after Life Assured is aged 18
11dm± go 15dm± 25%
rrent years or above.
16dm± go 20dm± 30%
21dm± go 25dm± 35% ii) The Partial withdrawals may be in the form of
Date
its) Cn`w©º$ Am§{eH$ AmhaU H$s AZw_{V V^r Xr OmEJr O~ fixed amount or in the form of fixed number
of units.
Am§{eH$ AmhaU Ho$ ~mX eof Ý`yZV_ am{e 3 dm{f©H$sH¥$V
alculation àr{_`_ go H$_ Z hmo& Eogo Am§{eH$ AmhaUm| H$s AZw_{V iii) Maximum amount of Partial Withdrawal as

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27 of Plan
Plan No.- 752
No. 752
 Zht hmoJr, Omo AZw~§Y H$s g_m{á H$m H$maU ~Z|& a percentage of fund during each policy year ~¡b|ñS> 30%
shall be as under: \§$S> H$_
Am¡a
iv) ZrMo {X`o J`o ^mJ B© H$s eV© 8. (S>r). (v) Ho$ AZwgma,
go µÁ
Policy Year Percent of Unit Fund
Am§{eH$ AmhaU à^ma `w{ZQ> \§$S> _yë` _| go H$mQ>m OmEJm& Zht
6th to 10th 20%
v) Am§{eH$ {ZH$mgr H$s {V{W Ho$ ~mX g§b½Z H$s OmZo dmbr 11th to 15th 25%
16th to 20th 30%
{ZpíMV A{^d¥{Õ`m| H$mo AmZwnm{VH$ AmYma na H$_ H$a 21st to 25th 35%
{X`m OmEJm O¡gm {H$ Bg nm°{bgr XñVmdoO Ho$ ^mJ gr
The above Partial withdrawal shall be allowed
H$s eV© 2 _| {Z{X©îQ> {H$`m J`m h¡& subject to minimum balance remaining J«moW \§$S> 20%
H$_
AJa Am§{eH$ AmhaU {H$`m J`m h¡, Vmo AmhaU H$s {V{W Ho$ after allowing for partial withdrawal is Am¡a
R>rH$ ~mX AmZo dmbr Xmo df© H$s Ad{Y Ho$ {bE _yb ~r{_V not less than 3 annualized premiums. The go µÁ
Zht
partial withdrawals which would result
am{e `m MwH$Vm ~r{_V am{e, Omo ^r bmJy hmo, {H$`o J`o
in termination of a contract shall not be
Am§{eH$ AmhaU H$s am{e Ho$ {OVZr KQ>m Xr OmEJr& AmhaU allowed.
~§X nm°{bg
H$s {V{W go Xmo df© H$s Ad{Y nyar hmo OmZo na dmñV{dH$
iv) Partial withdrawal charge as specified in DPFNLIF5
~r{_V am{e/MwH$Vm ~r{_V am{e {\$a go bmJy hmo OmEJr&
Condition 8. (d). (v) of Part E below, shall be ~§X nm°{bgr
^mJ - B© deducted from the Unit Fund Value. hmoJm:
1. \§$S> `y{ZQ> Amd§Q>Z Am¡a \§$S> H$m {Zdoe: v) The Guaranteed Additions to be attached i. _wÐ
after the date of Partial Withdrawal shall
`w{ZQ> \§$S>: nm°{bgrYmaH$ Ho$ nmg ewéAmV _| Am¡a AXbm- ii. g
be reduced on pro-rata basis as specified in
~Xbr Ho$ g_` CgHo$ àr{_`_m| H$m {Zdoe H$aZo Ho$ {bE Condition 2 of Part C of this Policy Document. AJa {ZåZ{b
{ZåZ{b{IV Mma _| go H$moB© ^r EH$ \§$S> MwZZo H$m {dH$ën h¡ Am¡a {ZJ_
If partial withdrawal has been made then for
hmoJm& Amd§{Q>V àr{_`_ H$m BñVo_mb Mma CnbãY \§$S> Ho$ {dÎm Ed§ {Z
two years’ period immediately from the date of
àH$mam| _| go nm°{bgrYmaH$ Ûmam MwZo J`o \§$S> Ho$ àH$ma Ho$ withdrawal, the Basic Sum Assured or Paid-up Ho$ {d{Z`_
AZwgma `w{ZQ²>g ˜arXZo Ho$ {bE {H$`m OmEJm& CnbãY Sum Assured, whichever is applicable, shall be gmW n{R>V,
\§$S²>g Am¡a CZH$s {Zdoe g§aMZm Ho$ g§{já {ddaU Bg reduced to the extent of the amount of partial {X`o J`o \§$S
withdrawals made. On completion of two years’ Xr OmEJr&
àH$ma h¢:
period from the date of withdrawal the original i. \§$S
\§$S> H$m gaH$mar/ Aën- gyMr~Õ CÔoí` Omo- Eg Basic Sum Assured/Paid-up Sum Assured shall be
àH$ma gaH$mar H$m{bH$ B{ŠdQ>r {I_ E\$ ULIF00
{ZpíMV {Zdoe eo`am| _| ê$n- AmB© restored.
à{V^y{V- O¡go {Zdoe aoIm EZ {ZåZ{b{
`m|/ {H$ _wÐm Z§. PART - E H$s AZw_
H$m°nm}aoQ> ~mOma
F$U _| H$s 1. Fund Unit Allocation and Investment of Fund: \§$S> H$m
{Zdoe {bIV|
Unit Fund: The policyholder will have the option {gŠ`moS>©
to choose any One of the following four funds
~¡b|ñS> \
to invest his/her premiums initially and at the
~m°ÝS> 60% go 40% go eyÝ` _w»`V… H$_ ULIF001
time of switching. The allocated premiums will ii. \§$S
\§$S> H$_ Zht µÁ`mXm {ZpíMV Am` Omo{I_ 24/12/18 be utilized to purchase units as per the chosen ULIF00
LICULIP
Zht dmbr à{V^y{V`m|
BND512 fund type opted by the Policyholder out of the
_| {Zdoe Ûmam Omo{I_)
Am` g§M` Ho$ four fund types options available. The details of
_mÜ`_ go µÁ`mXm available funds and broadly their investment {ZåZ{b{
gwa{jV Am¡a H$_ patterns are as under: H$s AZw_
CVma-M‹T>md
dmbo {Zdoe Fund Invest- Short- Invest- Objective Risk SFIN No. \§$S> H$m
{dH$ën XoZm& Type ment in term ment Profile
Govern- in- in
~m°ÝS> \
ment/ vest- Listed
{gŠ`moS>© 45% go 40% go 15% B©{¹$Q>r Am¡a H$_ go ULIF002 Govern- ments Equity ~¡b|ñS> \
24/12/18 ment such Shares
\§$S> H$_ Zht µÁ`mXm go H$_ {ZpíMV Am` _Ü`_
Am¡a 85% Zht Zht Am¡a à{V^y{V`m|, Omo{I_ LICULIP Guaran- as iii. \§$S
SEC512 teed Se- mon-
go µÁ`mXm 55% go XmoZm| _| {Zdoe curities/ ey ULIF00
Zht µÁ`mXm Ûmam pñWa Cor- mar-
Zht Am_XZr porate ket {ZåZ{b{
àXmZ H$aZm& Debt instru-
ments H$s AZw_

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Plan No.- 752
No. 752 LIC’s SIIP
olicy year ~¡b|ñS> 30% go 40% go 30% B©{¹$Q>r Am¡a _Ü`_ ULIF003 Bond Not less Not Nil To provide Low ULIF001
\§$S> H$_ Zht µÁ`mXm go H$_ {ZpíMV Am` Omo{I_ 24/12/18 Fund than more relatively risk 24/12/18
Am¡a 70% Zht Zht Am¡a à{V^y{V`m|, XmoZm| LICULIP 60% than safe and LICULIP
BAL512 40% less volatile BND512
go µÁ`mXm 70% go _| {_bVo-OwbVo
d investment
Zht µÁ`mXm AZwnmV _| {Zdoe option main-
Zht Ûmam g§Vw{bV ly through
Am_XZr Am¡a accumu-
d¥{Õ àXmZ lation of
H$aZm& income
through in-
vestment in
e allowed fixed income
J«moW \§$S> 20% go 40% go 40% _w»`V… B©{¹$Q>r µÁ`mXm ULIF004
emaining 24/12/18
securities.
H$_ Zht µÁ`mXm go H$_ _| {Zdoe Ûmam Omo{I_ Secur- Not less Not Not To provide Lower ULIF002
rawal is Am¡a 60% Zht Zht Am¡a b§~r Ad{Y _| LICULIP
ed than more less steady to Me- 24/12/18
GRW512
ums. The go µÁ`mXm 80% go ny§Or ~‹T>mZm Fund 45% & than than income dium LICULIP
Zht µÁ`mXm Not 40% 15% & through risk SEC512
d result Zht more Not investment
l not be than more in both
85% than equities and
~§X nm°{bgr \§$S> (EgE\$AmB©EZ: ULIF001201114LIC 55% fixed income
securities.
ecified in DPFNLIF512): Bal- Not less Not Not To provide Me- ULIF003
, shall be ~§X nm°{bgr \§$S> Ho$ {Zdoe n¡Q>Z© _| {ZåZ{bpIV AmpñV {_lU anced than more less balanced dium 24/12/18
Fund 30% & than than income risk LICULIP
. hmoJm: Not 40% 30% & and growth BAL512
more Not through
attached i. _wÐm ~mOma H$s {bIV|: 0% go 40% than more similar
70% than proportion
wal shall
ii. gaH$mar à{V^y{V`m±: 60% go 100% 70% investment
ecified in in both
equities and
ocument. AJa {ZåZ{b{IV _| go H$moB© ^r \§$S>, Omo Bg CËnmX go g§b¾ fixed income
h¡ Am¡a {ZJ_ ~moS>© Ûmam _mÝ` h¡, AmBAmaS>rEAmB© (~r_m§{H$H$, securities
then for Grow- Not less Not Not To provide High ULIF004
{dÎm Ed§ {Zdoe àUm{b`m±) {d{Z`_, 2024 Ho$ n{a{eï> INV-I
e date of th than more less long term risk 24/12/18
Ho$ {d{Z`_ 8, CgHo$ A§VJ©V Omar _w»` n{anÌ - {Zdoe Ho$ Fund 20% & than than capital LICULIP
Paid-up Not 40% 40% & growth GRW512
shall be gmW n{R>V, H$m nmbZ Zht H$aVm, Vmo nm°{bgrYmaH$ H$mo ZrMo more Not through
than more investment
of partial {X`o J`o \§$S²>g _| {Z…ewëH$ ê$n go AXbm-~Xbr H$aZo H$s gw{dYm 60% than primarily in
wo years’ Xr OmEJr& 80% equities

e original i. \§$S> H$m Zm_: ~m°ÝS> \§$S>, EgE\$AmBEZ H«$_m§H$: Discontinued Policy Fund (SFIN: ULIF001201114LIC
d shall be DPFNLIF512):
ULIF00124/12/18LICULIPBND512 (H$_ Omo{I_)
The investment pattern of the Discontinued Policy
{ZåZ{b{IV _| go {H$gr EH$ \§$S> _| {Z…ewëH$ AXbm-~Xbr Fund shall have the following asset mix:
H$s AZw_{V Xr OmEJr:
i. Money market instruments: 0% to 40%
of Fund: \§$S> H$m Zm_ EgE\$AmBEZ Omo{I_ ñVa
ULIF00224/12/18LICU- H$_ go _Ü`_
ii. Government securities: 60% to 100%
he option {gŠ`moS>© \§$S>
LIPSEC512 Omo{I_ If any of the following funds, which are attached
our funds ULIF00324/12/18LICU- to this Product and are approved by the Board of
~¡b|ñS> \§$S> _Ü`_ Omo{I_
nd at the LIPBAL512 the Corporation, do not comply with Regulation 8
iums will ii. \§$S> H$m Zm_: {gŠ`moS>© \§$S>, EgE\$AmBEZ H«$_m§H$: of Annexure INV-I of the IRDAI (Actuarial, Finance
e chosen ULIF00224/12/18LICULIPSEC512 (H$_ go _Ü`_ and Investment functions) Regulations, 2024 read
ut of the with the Master Circular – Investment issued
Omo{I_) thereunder, the policyholder will be given a free
details of
{ZåZ{b{IV _| go {H$gr EH$ \§$S> _| {Z…ewëH$ AXbm-~Xbr switch to the funds detailed below.
vestment
H$s AZw_{V Xr OmEJr: i. Fund Name: Bond Fund, SFIN No:
ULIF00124/12/18LICULIPBND512 (Low Risk)
\§$S> H$m Zm_ EgE\$AmBEZ Omo{I_ ñVa
SFIN No. Free Switch shall be allowed to one of the
ULIF00124/12/18LICU-
~m°ÝS> \§$S> H$_ Omo{I_ following funds:
LIPBND512
ULIF00324/12/18LICU- Fund Name SFIN Risk Profile
~¡b|ñS> \§$S> _Ü`_ Omo{I_
LIPBAL512 ULIF00224/12/18LICU- Lower to
Secured Fund
LIPSEC512 Medium Risk
iii. \§$S> H$m Zm_: ~¡b|ñS> \§$S>, EgE\$AmBEZ H«$_m§H$: ULIF00324/12/18LICU-
Balanced Fund Medium Risk
ULIF00324/12/18LICULIPBAL512 (_Ü`_ Omo{I_) LIPBAL512

{ZåZ{b{IV _| go {H$gr EH$ \§$S> _| {Z…ewëH$ AXbm-~Xbr ii. Fund Name: Secured Fund, SFIN
No:ULIF00224/12/18LICULIPSEC512 (Lower to
H$s AZw_{V Xr OmEJr: Medium Risk)

an No. 752 LIC’s

LIC’s SIIP
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29 of 48
Plan
Plan No.- 752
No. 752
 \§$S> H$m Zm_ EgE\$AmBEZ Omo{I_ ñVa Free Switch shall be allowed to one of the Xr Om
ULIF00224/12/18LICU- H$_ go _Ü`_ following funds: {Zdo{e
{gŠ`moS>© \§$S>
LIPSEC512 Omo{I_ Fund Name SFIN Risk Profile
ULIF00424/12/18LICU- ULIF00124/12/18LICU-
àË`oH$
J«moW \§$S>
LIPGRW512
µÁ`mXm Omo{I_ Bond Fund Low Risk
LIPBND512 g§»`m
iv. \§$S> H$m Zm_: J«moW \§$S>, EgE\$AmBEZ H«$_m§H$: ULIF00324/12/18LICU- _| dm{f
Balanced Fund Medium Risk
LIPBAL512
ULIF00424/12/18LICULIPGRW512 (µÁ`mXm Omo{I_) iii. Fund Name: Balanced Fund, SFIN No: H«$_e…
{ZåZ{b{IV _| go {H$gr EH$ \§$S> _| {Z…ewëH$ AXbm-~Xbr ULIF00324/12/18LICULIPBAL512 (Medium Risk) Ho$ {bE
H$s AZw_{V Xr OmEJr: Free Switch shall be allowed to one of the H$s {H
following funds: {H$íV
\§$S> H$m Zm_ EgE\$AmBEZ Omo{I_ ñVa
ULIF00224/12/18LICU- H$_ go _Ü`_ Fund Name SFIN Risk Profile ^wJVmZ
{gŠ`moS>© \§$S> ULIF00224/12/18LICU- Lower to
LIPSEC512 Omo{I_ Secured Fund nhbm
LIPSEC512 Medium Risk
ULIF00324/12/18LICU-
~¡b|ñS> \§$S>
LIPBAL512
_Ü`_ Omo{I_
Growth Fund
ULIF00424/12/18LICU-
High Risk
nm°{bg
LIPGRW512
AZwgm
2. \§$S> g_mnZ: iv. Fund Name: Growth Fund, SFIN No:
ULIF00424/12/18LICULIPGRW512 (High Risk) _hrZm|
hmbm±{H$ \§$S> H$s H$moB© {ZYm©[aV gr_m Zht h¡, h_ Cn`wŠV Free Switch shall be allowed to one of the {ZnQ>mZ
AZw_moXZ go {H$gr ^r {dÚ_mZ \§$S> H$m g_mnZ H$a gH$Vo following funds: Abmdm
h¢& nm°{bgrYmaH$ H$mo \§$S> g_mnZ go H$_ go H$_ 3 _hrZo Fund Name SFIN Risk Profile na Xo`
nhbo gy{MV {H$`m OmEJm& nm°{bgrYmaH$ Ûmam BZ 3 _hrZm| ULIF00224/12/18LICU- Lower to
Secured Fund
LIPSEC512 Medium Risk
`m{Z {
Ho$ Xm¡amZ {~Zm à^mam| _| AXbm-~Xbm {H$E {~Zm AÝ` ULIF00324/12/18LICU- hmo gH
{dÚ_mZ \§$S> {dH$ënm| _| AXbm-~Xbr H$s Om gH$Vr h¡& `{X Balanced Fund Medium Risk
LIPBAL512 Vr/nm
nm°{bgrYmaH$ Ûmam Bg Ad{Y Ho$ Xm¡amZ AXbm-~Xbr Zht 2. Fund Closure: Ho$ Xm¡a
H$s OmVr h¡, Vmo {ZJ_ Ûmam AXbm-~Xbr H$s {V{W VH$ H$s
Although the Funds are open ended, we may Zht hm
pñW{V Ho$ AZwgma EZEdr H$m Ü`mZ aIVo hþE, `y{ZQ²>g H$r close any of the existing funds with appropriate {ZnQ>mZ
gÑe n[ag§n{Îm Amd§Q>Z Am¡a OmopI_ CR>mZo H$s VËnaVm Am¡a approval. The policyholder shall be notified
atleast 3 months prior to the closure of the Fund.
_¥Ë`w h
j_Vm dmbo {H$gr AÝ` \§$S> go AXbm-~Xbr H$s OmEJr&
The policyholder can switch to other existing EH$_wíV
3. àñVmd Am¡a ~mobr _yë`: Fund options without switching charges during {ZnQ>mZ
àñVmd _yë` dh _yë` h¡ {Og _yë` na {ZJ_ Bg nm°{bgr these 3 months. In case the policyholder does {H$gr
Ho$ g§~§Y _| M`{ZV \§$S> àH$ma _| \§$S> `y{ZQ>/Q²>g H$m not switch during this period, Corporation shall
switch the units to any other Funds with similar Zht hm
{Z_m©U/Amd§Q>Z H$aZo Ho$ {bE VËna h¡& ~mobr _yë` dh _yë` asset allocation and risk profile considering NAV 13. Am§{eH
h¡ {Og _yë` na {ZJ_ Bg nm°{bgr Ho$ g§~§Y _| \§$S> _| \§$S> on the date of switch.
`y{ZQ>/Q²>g aÔ (nwZH«©$`) H$aZo Ho$ {bE VËna h¡& My±{H$ H$moB© nm°{bg
3. Offer and Bid Price:
{~S>-Am°\$a ñàoS> Zht h¡, AV: Bg `moOZm Ho$ A§VJ©V ~mobr df©Jm±R
The Offer price is the price at which the
_yë` Am¡a àñVmd _yë` EZEdr Ho$ ~am~a h¢& Corporation is prepared to create/ allot Fund {ZH$mb
4. `y{ZQ> _yë` H$s JUZm H$s {d{Y: Unit/s in the opted Fund Type in respect of this MwH$m`o
policy. The Bid price is the price at which the i) Ad
EZEdr H$s JUZm X¡{ZH$ AmYma na H$s OmEJr Am¡a `h {Zdoe Corporation is prepared to cancel (repurchase)
Fund Unit/s in the Fund in respect of this policy.
`m
g§~§Yr {ZînmXZ, àË`oH$ \§$S> àH$ma Ho$ \§$S> à~§YZ à^ma na
As there is no Bid-Offer spread, the Bid price AZ

{ {
AmYm[aV hmoJm Am¡a BgH$s {ZåZmZwgma JUZm H$s OmEJr:
and the Offer price under this plan are equal to ii) Am§{
\§$S> Ûmam aIo JE {Zdoe H$m ~mOma _yë` the NAV.
g§»
+ dV©_mZ AmpñV`m| H$m _yë` - dV©_mZ Xo`VmAm| 4. Method of calculation of Unit Value:
iii) àË`
Am¡a àmdYmZm|, `{X H$moB© hmo, H$m _yë` The NAV will be computed on daily basis and
will be based on investment performance, Fund Am§{
_yë`m§H$Z H$s {V{W na {dÚ_mZ `y{ZQ²>g H$s
Management Charge of each Fund type and
g§»`m (`y{ZQ²>g {Z_m©U/_moMZ go nhbo)

{ {
shall be computed as: nm°{
Ohm±, _yë`m§H$Z H$s {V{W EZEdr H$s JUZm H$s {V{W h¡& 6dm
Market value of investment held by the fund
+ Value of Current Assets – Value of Current 11d
`w{ZQ> \§$S> _yë` ZrMo Xr J`r eV© 8 Ho$ AZwgma à^mam| H$s
Liabilities & Provisions, if any 16d
H$Q>m¡Vr Ho$ AYrZ hmoJm& 21d
Number of Units existing on Valuation Date
5. X¡dr` AmnXmE±: (before creation / redemption of Units) Cn
i. {ZJ_ X¡{ZH$ ê$n go àË`oH$ n¥W¸¥$V \§$S> Ho$ {bE EH$ Am§{
"EH$b' {Zdb AmpñV _yë` (EZEdr) H$s KmofUm H$aoJm& Where, Valuation Date is the date of calculation àr{_
LIC’s
LIC’sSIIP
SIIP Page
Page 30 28 of 46
of 48 Plan
PlanNo.-
No. 752
752 LIC’s SIIP
 er is not ii. ZrMo Xr J`r Hw$N> X¡dr` AmnXmAm| H$s pñW{V _| X¡{ZH$ of NAV.
ns of the ê$n go H$s OmZo dmbr EZEdr H$s KmofUm {db§{~V hmo The Unit Fund Value will be subject to deduction
y to the of charges, as specified in the Condition 8 below.
tions. On gH$Vr h¡ Am¡a {Zdoe aUZr{V Ho$ ê$n _| Bg_| AÝ` Cnm`m|
all cancel H$m g_mdoe hmo gH$Vm h¡ (O¡go {H$gr ^r n¥W¸¥$V \§$S> 5. Force Majeure Conditions:
ded shall (EgE\$AmBEZ) Ho$ {Zdoe H$mo 100% VH$ _wÐm ~mµOma i. Corporation will declare a ‘Single’ Net Asset
Value (NAV) for each segregated fund on a
CnH$aUm| _| bo OmZm):
the date day-to-day basis.
E. {ZJ_ ha {XZ \§$S²>g (EgE\$AmBEZ) H$m _yë`m§H$Z ii. In the event of certain force majeure
qual to H$aoJm, {OgHo$ {bE {dÎmr` ~mµOma Iwbo hm|& bo{H$Z, conditions as specified below, the declaration
Premium {ZJ_ Ho$ {Z`§ÌU Ho$ ~mha H$s AË`{YH$ _wpíH$b of NAV on a day-to-day basis may be deferred
n{apñW{V`m| _| {ZJ_ EgE\$AmBEZ Ho$ _yë`m§H$Z H$s and could include other actions as a part of
Accident investment strategy (e.g. taking exposure of
~ma§~maVm KQ>m gH$Vm h¡, O¡go {H$ X¡dr` AmnXmAm| any Segregated Fund (SFIN) up to 100% in
ce period
Look to H$s pñW{V _|, O~ AmpñV`m| H$m _yë` ~ohX A{ZpíMV Money Market Instruments:
which the hmoVm h¡& Eogr n{apñW{V`m| _|, {ZJ_ AmpñV`m| Ho$ a. Corporation shall value the Funds (SFIN)
ted _yë`m§H$Z H$mo 30 {XZm| VH$ ñW{JV H$a gH$Vm h¡, on each day for which financial markets
O~ VH$ {ZJ_ EgE\$AmBEZ Ho$ _yë`m§H$Z H$mo Xw~mam are open. However, the Corporation may
mination ewê$ H$aZo Ho$ ~mao _| {ZpíMV Z hmo& value the SFIN less frequently in extreme
circumstances external to the Corporation
thousand
~r. AmpñV`m| Ho$ _yë`m§H$Z _| Bg àH$ma Ho$ {db§~ H$s i.e in force majeure events, where the
nefit Sum gyMZm {ZJ_ Ûmam AmBAmaS>rEAmB© H$mo Xr OmEJr& value of the assets is too uncertain. In such
X¡dr` AmnXmAm| Ho$ Omar ahZo Ho$ Xm¡amZ, nm°{bgr circumstances, the Corporation may defer
the valuation of the assets for up to 30 days
g§~§Yr ^wJVmZm| g_oV nm°{bgr H$s godm Ho$ g^r
until the Corporation is certain that the
any fund AmJ«hm| H$mo {dMmamYrZ aIm OmEJm& valuation of SFIN can be resumed.
ecified in
ocument,
gr. {ZJ_ nm°{bgrYmaH$ Ûmam MwZo J`o \§$S> Ho$ àH$ma b. The Corporation will inform IRDAI of such
he entire H$s {Zdoe nÕ{V Ho$ AmYma na {Zdoe Omar aIoJm& deferment of the valuation of assets. During
opted for. hmbm§{H$ D$na {X`o J`o I§S> (E Am¡a ~r) _| ~VmB© J`r the continuance of the force majeure
s will be events, all requests for servicing the policy
n{apñW{V`m| _| {ZJ_ Ho$ nmg \§$S Ho$ g^r g^r/`m
switches including policy related payment shall be
of Rs.100
{H$gr {hñgo H$m {Zdoe nyar Vah _wÐm ~mµOma CnH$aUm| kept in abeyance.
[Link] of _| ~XbZo H$m A{YH$ma h¡ (O¡gm {H$ AmBAmaS>rEAmB© c. The Corporation will continue to invest as
(~r_m§{H$H$, {dÎm Am¡a {Zdoe à{H«$`mE±) H$s gyMr III per the investment pattern of the Fund
est for a Ho$ {d{Z`_ 1.(8) _| {X`m J`m h¡)& MwZo J`o \§$S> type opted by the Policyholder. However,
the Unit Ho$ dmñV{dH$ {Zdoe X¡dr` AmnXm Ho$ g_má hmoZo the Corporation reserves the right to
Charge, if change the exposure of all/or any part of
New Fund Ho$ ~mX C{MV g_`-gr_mAm| Ho$ ^rVa nwZñWm©{nV the Fund to Money Market Instruments (as
d shall be {H$`o OmE§Jo& defined under Regulation 1.(8) Schedule
AV under III of IRDAI (Actuarial, Finance and
S>r. O¡gm {H$ D$na ~Vm`m J`m h¡ (I§S> E Am¡a ~r _|),
of switch. Investment functions) Regulations 2024)
ular time Eogr n{apñW{V`m| Ho$ Hw$N> CXmhaU {ZåZ{b{IV h¢:
in circumstances mentioned in point (a
the same i. \§$S> Ho$ _yë`m§H$Z H$m AmYma XoZo dmbo EH$ `m A{YH$ & b) above. The exposure of the chosen
ct of the
ñQ>m°H$ EŠgM|O Ho$ Abmdm gm_mÝ` Nw>{Å>`m| na ~§X h¢& Fund shall be reinstated within reasonable
he closing
timelines once the force majeure situation
pplicable. ii. O~ {H$gr amOZ¡{VH$, Am{W©H$, {dÎmr` `m {ZJ_ Ho$
ends.
uidelines {Z`§ÌU Ho$ ~mha H$s {H$gr ^r AÝ` n{apñW{V Ho$
s per the d. Few examples of such circumstances as
H$maU \§$S> H$s AmpñV`m| H$m {ZnQ>mZ Omar aIZo mentioned (in points a & b) above are:
me.
dmbo nm°{bgrYmaH$m| Ho$ {hV _| Z hmo& i. When one or more stock exchanges
iii. àmH¥${VH$ AmnXmAm|, h‹S>Vmb, `wÕ, ZmJ{aH$ Aem§{V, which provide a basis for valuation of the
cyholder assets of the Fund are closed otherwise
ments. X§Jm| Am¡a ~§X H$s pñW{V _|&
than for ordinary holidays.
option to iv. {H$gr ^r Eogr X¡dr` AmnXm `m {dnXm H$s pñW{V
ii. When, as a result of political, economic,
is option _|, Omo {ZJ_ H$s gm_mÝ` H$m`©-àUmbr H$mo à^m{dV monetary or any circumstances which
uring the
red aged
H$aVr hmo& are not in the control of the Corporation,
me while B©. Eogr pñW{V _|, Bg àH$ma H$s X¡dr` AmnXm H$s gyMZm the disposal of the assets of the Fund
he mode would be detrimental to the interests of
OmZH$mar Ho$ {bE {ZJ_ H$s do~gmBQ> na AnbmoS> the continuing Policyholders.
nominee
monthly
H$s OmEJr& iii. In the event of natural calamities, strikes,

an No. 752 LIC’s

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Plan
Plan No.- 752
No. 752
6. {Zdb AmpñV _yë` H$s AZwà`moÁ`Vm: war, civil unrest, riots and bandhs. XñVmdoµO
i. {d{^ÝZ boZXoZm| Ho$ {bE `y{ZQ²>g H$m Amd§Q>Z Am¡a _moMZ iv. In the event of any force majeure _yë` _
or disaster that affects the normal H$m àH
EZEdr na hmoJm O¡gm {H$ ZrMo dU©Z {H$`m J`m h¡:
functioning of the Corporation.
boZ-XoZ H$m àH$ma bmJy EZEdr (Ohm± boZXoZ H$Q>-Am°\$ g_`
~Xbmd
e. In such an event, an intimation of such
go nhbo àmßV hmoVm h¡) ~Xbmd
force majeure event shall be uploaded on
nhbr àmßV àr{_`_: OmopI_ H$s ~r_m§H$Z ñdrH$¥{V H$s {V{W AWm©V the Corporation’s website for information. df©Jm±R>
· Am°\$bmBZ {dH«$` H$s nm°{bgr àma§^ hmoZo H$s {V{W H$s EZEdr&
pñW{V _|: Ohm± àr{_`_ 6. Applicability of Net Asset Value: {ZJ_ "
àmßV hmoVr h¡, Cg ñWmZ na i. The allocation and redemption of units for nm°{bgr
g__yë` na Xo` ñWmZr` various transaction will be at the NAV as gwa{jV
MoH$ `m {S>_m§S> S´>mâQ> Ho$ described below: Am¡a àñ
_mÜ`_ go&
Type of Transaction Applicable NAV (Where trans- go gy{M
· Am°ZbmBZ {dH«$` H$s action is received before cut off
pñW{V _| : {H$gr ^r Time)
{S>{OQ>b ^wJVmZ {d{Y Ûmam&
8. nm°{bg
First Premium NAV of Date of underwriting
EZEgrEM `m {H$gr {S>{OQ>b h_mao Ûmam {ZX}e H$s àm{ßV H$s {V{W `m received: acceptance of risk i.e. Date of com- {ZåZm§{H
^wJVmZ {d{Y Ho$ _mÜ`_ go boZXoZ H$s àm{ßV H$s {V{W `m àr{_`_ H$s •In case of Offline mencement of policy.
sale: by way of a local
nm°{bgr
àmßV ZdrZrH$aU àr{_`_& Xo` {V{W, Omo ^r ~mX _| hmo, H$s EZEdr&
cheque or a demand E) `{
àr{_`_ àm{ßV Ho$ ñWmZ na h_mao Ûmam {bIV H$s àm{ßV H$s {V{W `m draft payable at par at
g__yë` na Xo` ñWmZr` MoH$ àr{_`_ H$s Xo` {V{W, Omo ^r ~mX _| hmo, H$s the place where pre- O
`m {S>_m§S> S´>mâQ> Ho$ _mÜ`_ go EZEdr& mium is received. {H
àmßV ZdrZrH$aU àr{_`_& •In case of Online sale:
by any digital payment ~r) dh
Am§{eH$ {ZH$mgr, CnbãY Am°ZbmBZ `m {bpIV ê$n go h_mao Ûmam mode.
\§$S> àH$mam| Ho$ ~rM pñd{M§J AZwamoY àm{ßV H$s {V{W H$s EZEdr& H$
Renewal premium NAV of the date of our receipt of
`m {ZewëH$-AdbmoH$Z received through instruction or transaction real- gr) n[
{ZañVrH$aU NACH or by any digital ization date or the due date of
payment mode. premium, whichever is later. S>r) `{
Aä`n©U h_mao Ûmam {bpIV ê$n go Aä`n©U AZwamoY
H$s àm{ßV H$s {V{W H$m EZEdr Renewal premium NAV of the date of our receipt V
received by way of of instrument or the due date of
_¥Ë`w Xmdm _¥Ë`w à_mU nÌ Ho$ gmW h_mao Ûmam {bpIV a local cheque or a premium, whichever is later. B©) {Z
ê$n go _¥Ë`w H$s gyMZm H$s àm{ßV H$s {V{W demand draft payable b
H$s EZEdr& at par at the place
where the premium is E\$) {Z
{ZpíMV A{^d¥{Õ Amd§Q>Z H$s {V{W H$s EZEdr received.
nwZM©bZ nwZM©bZ H$s {V{W VH$ H$s pñW{V Ho$ AZwgma
`m
Partial withdrawal, NAV of the date of our receipt of
EZEdr, Ohm± nwZM©bZ H$s {V{W ~r_m§H$Z Switching between the request online or in writing. Or) A
ñdrH¥${V àmßV {H$E OmZo Ho$ ~mX g^r Xo` available Fund types or ^
àr{_`_m| H$s g_m`moOZ H$s {V{W h¡& Free-look cancellation
{ZnQ>mZ {dH$ën {ZnQ>mZ {dH$ën Ho$ A§VJ©V {H$ñV ^wJVmZ H$s Surrender NAV of the date of our receipt of EM) nm
surrender request in writing Xñ
{V{W H$s EZEdr&
Death claim NAV of the date of our receipt of
n[anŠdVm {hVbm^ n[anŠdVm H$s {V{W H$s EZEdr& the intimation of death in writing J`
~§X hmoZm ~§X hmoZo H$s {V{W VH$ H$s pñW{V Ho$ AZwgma along with death certificate. Am`) Bg
EZEdr& Guaranteed Addition NAV of the date of allocation
{H
g_m{ßV g_m{ßV H$s {V{W H$s EZEdr& Revival NAV as on date of revival, where
nm°{bgr _| n[adV©Z nm°{bgr _| n[adV©Z H$s {V{W H$s EZEdr& date of revival is the date of ad- 9. nm°{bg
justment of all due premiums after
underwriting acceptance has been Bg nm°{
ii. dV©_mZ _|, AmB©AmaS>rEAmB© Ho$ dV©_mZ {Xem{ZX}em| Ho$ received.
AZwgma `h H$Q>-Am°\$ g_` Xmonha 3.00 ~Oo h¡ Am¡a Bg Settlement Option NAV of date of instalment payment 10. {ZewëH
g§~§Y _| n[adV©Z AmB©AmaS>rEAmB© Ho$ {ZX}emZwgma hm|Jo& ZE under settlement option. nm°{bgr
Maturity Benefit NAV of the date of maturity.
ì`dgm` H$s pñW{V _| EZEdr {ZYm©aU hoVw Xmonha 3 ~Oo H$m `h A§VJ©V
Discontinuance NAV as on the date of discontinu-
H$Q>-Am°\$ g_` OmopI_ ñdrH¥${V H$s {V{W, AWm©V ance. nhbo h
nm°{bgr àma§^ hmoZo H$s {V{W Ho$ g§X^© _| hmoJm& Termination NAV of date of termination. `{X nm
Policy Alteration NAV of date of alteration in the Zht h¡,
iii. `{X {ZåZ{bpIV Ho$ g§~§Y _| boZXoZ H$m AZwamoY policy.
H$Q>-Am°\$ g_` go nhbo àmßV hmoVm h¡: H$mo dmn
ii. Currently, the cut-off time is 3.00 p.m. as per
the existing IRDAI guidelines and changes in
nm°{bgr
E) àr{_`_ g§H$bZ hoVw {ZJ_ Ho$ {H$gr ^r emIm
this regard shall be as per the instructions {ZåZmZ
H$m`m©b` `m AÝ` A{YH¥$V H$m`m©b` _| `m {H$gr
from IRDAI. . In case of new business the cut- `w{ZQ>
{S>{OQ>b ^wJVmZ {d{Y Ûmam `m EZEgrEM Ho$ _mÜ`_
off time of 3 p.m. for determination of NAV H$s g§»
go àr{_`_ H$m ^wJVmZ, `m; shall be in reference to the date of acceptance
~r) {ZJ_ H$s godm àXmVm emIm Ûmam AÝ` boZXoZ `m; of risk i.e. date of commencement of Policy Am¡a AZ
JwUZ\$b
LIC’s
LIC’s SIIP
SIIP Page
Page 32 30 of 46
of 48 Plan
Plan No.- 752
No. 752 LIC’s SIIP
 premium gr) {H$gr ^r g_` O~ EbAmB©gr Ho$ J«mhH$ nmoQ>©b iii. If the transaction request is received before
applicable na godm AZwamoYm| H$m g\$b n§OrH$aU CnbãY the cut-off time in respect of:
ax charges a) Premium Payments, at any branch office of
H$am`m OmEJm&
ntinuance the Corporation or other authorized office
nd. Cg {XZ H$s g_mnZ EZEdr bmJy hmoJr& for premium collection or by any digital
from the iv. `{X {ZåZ{bpIV Ho$ g§~§Y _| boZXoZ H$m AZwamoY payment mode or through NACH, or;
ntinuance b) Other transaction, by servicing branch of
H$Q>-Am°\$ g_` Ho$ ~mX àmßV hmoVm h¡:
eds of the the Corporation or;
any, shall E) àr{_`_ g§H$bZ hoVw {ZJ_ Ho$ {H$gr ^r emIm c) Successful Registration of Service Requests
H$m`m©b` `m AÝ` A{YH¥$V H$m`m©b` _| `m {H$gr as and when made available on LIC’s
fter lock-in {S>{OQ>b ^wJVmZ {d{Y Ûmam `m EZEgrEM Ho$ _mÜ`_ Customer Portal
go àr{_`_ H$m ^wJVmZ, `m; the closing NAV of that day shall be applicable.
the policy iv. If the transaction request is received after
~r) {ZJ_ H$s godm àXmVm emIm Ûmam AÝ` boZXoZ `m;
e date of the cut-off time in respect of :
the policy gr) {H$gr ^r g_` O~ EbAmB©gr Ho$ J«mhH$ nmoQ>©b
a) Premium Payments, at any branch office of
ng: na godm AZwamoYm| H$m g\$b n§OrH$aU CnbãY the Corporation or other authorized office
premium H$am`m OmEJm& for premium collection or by any digital
AJbo ì`mdgm{`H$ {XZ H$s g_mnZ EZEdr bmJy hmoJr& payment mode or through NACH or;
Premium b) Other transaction, by servicing branch of
nistration v. Am°\$bmBZ {dH«$` H$s pñW{V _|, ñWmZr`/grQ>rEg/ñnrS> the Corporation or;
eon due pŠb`[a¨J hmCg _| à{V^m{JVm H$a aho ~¢H$ na Amh[aV c) Successful Registration of Service Requests
e shall be grQ>rEg 2010 MoH$/{S>_m§S> S´>mâQ> Ûmam ^wJVmZ H$s JB© as and when made available on LIC’s
àr{_`_ H$mo hr ñdrH$ma {H$`m OmEJm& CnamoŠV loUr Ho$ Customer Portal
accept at
A§VJ©V Zht AmZo dmbm MoH$/{S>_m§S> S´>mâQ> ñdrH$ma Zht the closing NAV of the next business day shall
terms or
{H$`m OmEJm& be applicable.
policy as
ng Policy” 7. `w{ZQ²>g H$m Amd§Q>Z: v. In case of Offline sale, Premium paid by
be subject CTS 2010 cheque/demand draft drawn on
nm°{bgrYmaH$ Ûmam ^ao J`o àË`oH$ àr{_`_ na ZrMo Xr J`r a bank which is participating in local/CTS/
ability of
ormation, eV© 8.(E) Ho$ AZwgma àr{_`_ Amd§Q>Z à^ma bmJy hmoJm& speed clearing house shall only be accepted.
already `w{ZQ²>g H$m Amd§Q>Z, Amd§Q>Z H$s {V{W na g§~Õ \§$S> Ho$ Cheques /demand draft not coming under
on in this above category shall not be accepted.
{Zdb AmpñV _yë` (EZEdr) na AmYm{aV hmoJm& ~mobra{hV-
ccordance àñVmd {dñVma CnbãY h¡ (~mobr H$m _yë` Am¡a `w{ZQ²>g H$m 7. Allocation of Units:
ng Policy” Each premium paid by the Policyholder shall be
àñVm{dV _yë` EZEdr Ho$ ~am~a hmoJm)&
ed by the subject to Premium Allocation Charge as per
he revival 8. à^ma: details given in Condition 8.(a) below.. Units
ffect only will be allotted based on the Net Asset Value
E. àr{_`_ Amd§Q>Z ewëH$: `h àmßV àr{_`_ go à^mam| Ho$
nd revival (NAV) of the respective fund as on the date of
à{V {d{Z`mo{OV àr{_`_ H$m EH$ à{VeV h¡& Amd§Q>Z allotment. There is no Bid-Offer spread (both
ly chosen Xa Ho$ ê$n _| kmV eof àr{_`_ H$m dh {hñgm hmoVm h¡ the Bid price and Offer price of units will be
n the last {OgH$m nm°{bgr _| M`{ZV \§$S> H$s `y{ZQ²>g IarXZo Ho$ equal to the NAV).
of revival, {bE Cn`moJ {H$`m OmVm h¡& 8. Charges :
based on a. Premium Allocation Charge: This is a
{H$ñV àr{_`_ Ho$ à{VeV Ho$ ê$n _| Amd§Q>Z à^ma Bg
percentage of the premium appropriated
e date of àH$ma h¡: towards charges from the premium received.
al shall be Am°\$bmBZ {dH«$` Am°ZbmBZ {dH«$` The balance known as allocation rate
policy. constitutes that part of the premium which is
nhbo df©: 8.00% 3%
ve, if the utilized to purchase units of the chosen fund
Xÿgao go boH$a nm±Mdo 5.50% 2% for the policy.
cover the df© VH$:
he policy The allocation charges as percentage of
BgHo$ ~mX: 3.00% 1% Instalment Premium are as below:
al will not
~r. _¥Ë`wVm à^ma Offline sale Online sale
t Rider, if
_¥Ë`wVm à^ma OrdZ ~r_m g§ajU H$m ˜M© h¡, Omo Am`w- First Year: 8.00% 3%
the Base
{d{eï> hmoVm h¡ Am¡a {Ogo àË`oH$ nm°{bgr _mh H$s ewéAmV 2nd to 5th Year: 5.50% 2%
_| `w{ZQ> \§$S> _yë` _| go `w{ZQ²>g H$s C{MV g§»`m aÔ Thereafter: 3.00% 1%
y shall not H$aHo$ {b`m OmVm h¡& _m{gH$ à^ma ZrMo Xr J`r Vm{bH$m b. Mortality Charge:
statement _| {X`o J`o dm{f©H$ _¥Ë`wVm à^mam| H$m ~mahdm± ^mJ hmoVm h¡& Mortality Charge is the cost of Life Insurance

Plan No. 752 LIC’s

LIC’sSIIP
SIIP Page
Page 33 31 of 46
of 48 Plan
PlanNo.-
No. 752
752
 AJa àdoe Ho$ g_` ~r{_V OrdZ H$s Am`w 8 df© go H$_ cover which is age specific and this will be ~§X nm°{
hmo, Vmo _¥Ë`wVm à^ma nm°{bgr H$s ewéAmV H$s {V{W go 2 taken at the beginning of each policy month ~§X nm
by canceling the appropriate number
df© nyao hmoZo Ho$ ~mX AmZo dmbr nm°{bgr df©Jm±R> `m 8 df© H$s Om
of units out of the Unit Fund Value. The
H$s Am`w nyar hmoZo Ho$ gmW `m CgHo$ ~mX dmbr nm°{bgr monthly charges will be one twelfth of the B©. ~
df©Jm±R> go {bE OmE§Jo, XmoZm| _| go Omo ^r nhbo hmo& annual Mortality Charges given in the Table H
below.
`h à^ma Omo{I_ H$s am{e na {Z^©a H$aVm h¡& ~§X
In case the age at entry of the Life Assured

{ {
Ohm± nm°{bgr Ad{Y Ho$ Xm¡amZ OmopI_mYrZ am{e A{YH$ hmoJr DPFN
is less than 8 years, the mortality charge will
· Mmby nm°{b{g`m| Ho$ _m_bo _| _yb ~r_m am{e be deducted from the policy anniversary {b§ŠS>
`m KQ>r hþB© MwH$Vm nm°{b{g`m| Ho$ _m_bo _| after completion of 2 years from the Date of Ho$ ~§X
MwH$Vm ~r_m am{e go Commencement of Policy or from the Policy n{aÀN
· `y{ZQ> \§$S> _yë` go Anniversary coinciding with or immediately \§$S> na
· àmßV Hw$b àr{_`_ Ho$ 105% go
following the completion of 8 years of age,
whichever is earlier. Bg nm
KQ>mH$a
This charge shall depend upon the Sum at Risk. nm°{bg
· `y{ZQ> \§$S> _yë`
Where Sum at Risk during the Policy Term shall A{YH$

{ {
Ohm±, _yb ~r_m am{e nm°{bgr XñVmdoO H$s AZwgyMr _| be the highest of Ohm±, `
CëboImZwgma Am¡a MwH$Vm ~r_m am{e Bg nm°{bgr XñVmdoO • Basic Sum Assured in case of inforce
policies or Paid- up Sum Assured in nm°{bg
Ho$ ^mJ S>r H$s eV© 3.(~r).II _| CëbooImZwgma h¡& àmßV Hw$b
case of reduced paid-up policies `w{ZQ²>g
àr{_`_ H$s _¥Ë`w à^ma H$s H$Q>m¡Vr H$s {V{W VH$ H$s pñW{V Ho$ • Unit Fund Value {ZpíMV
AZwgma JUZm H$s OmEJr& `y{ZQ> \§$S> _yë` XþK©Q>Zm {hVbm^ • 105% of total Premium received
Less hñVm§V
à^mam|, nm°{bgr àemgZ à^mam| Am¡a XþK©Q>Zm {hVbm^ à^mam|
• Unit Fund Value Xa ~§X
VWm nm°{bgr àemgZ à^mam| na H$a à^ma H$s H$Q>m¡Vr Ho$ ~mX
Where, Basic Sum Assured is as mentioned in boH$a _
à^ma H$s H$Q>m¡Vr H$s {V{W VH$ H$s pñW{V Ho$ AZwgma {b`m the schedule of policy document and Paid-up nm°{bg
OmEJm& _¥Ë`wVm à^ma Ho$db V^r H$mQ>m OmEJm, O~ _yb ~r_m Sum Assured is as mentioned in Condition 3.(B).
nwZM©b
am{e/MwH$Vm ~r_m am{e, Omo ^r bmJy hmo, H$Q>m¡Vr H$s {V{W II of Part D of this policy document. The total
premiums received shall be reckoned as on the ^r bm
VH$ H$s pñW{V Ho$ AZwgma `y{ZQ> \§$S> _yë` go A{YH$ hmoJr&
date of deduction of Mortality Charge. Unit Fund OmZo H
Am§{eH$ {ZH$m{g`m| Ho$ _m_bo _|, _yb ~r_m am{e `m MwH$Vm ~r_m value shall be taken as on the date of deduction dV©_mZ
am{e, Omo ^r bmJy hmo Am¡a àmßV Hw$b àr{_`_m| H$m 105% _¥Ë`w of charge, after deduction of Accident Benefit
AmBAm
à^ma H$s H$Q>m¡Vr H$s {V{W go R>rH$ nhbo H$s Xmo df© H$s Ad{Y charges, Policy Administration Charges and Tax
charge on Accident Benefit charges and Policy ~Xbmd
Ho$ Xm¡amZ H$s JB© g^r Am§{eH$ {ZH$m{g`m| H$s gr_m VH$ H$_ H$a
Administration Charges. The Mortality charges 4. A{Zd
{X`m OmEJm& shall be deducted only if, the Basic Sum Assured/
Eogo _m_bo _| Ohm± nm°{bgr H$mo KQ>r hþB© MwH$Vm nm°{bgr Paid-up Sum Assured, whichever is applicable, is `{X n
_| n[ad{V©V {H$`m OmVm h¡, MwH$Vm nm°{bgr Ho$ A§VJ©V more than the Unit Fund Value on the date of nyU© df
deduction.
OmopI_mYrZ am{e Ho$ g§~§Y _| _¥Ë`wVm à^ma nhbr AXÎm àr{_`_ \§$S> _
In case of partial withdrawals, the Basic Sum assured
H$s {Z`V {V{W Ho$ ~mX nm°{bgr _mh go H$mQ>m OmEJm& Zht h
or Paid up Sum Assured, whichever is applicable
nm°{bgr Ho$ nwZM©bZ na, nm°{bgr Ho$ A§VJ©V OmopI_ H$da Vwa§V and ‘105% of the total premiums received’, shall `y{ZQ>
~hmb hmo OmEJm Am¡a Mmby nm°{bgr Ho$ A§VJ©V OmopI_mYrZ am{e Ho$ be reduced to the extent of all Partial Withdrawals H$a Xr
made during the two years period immediately nm°{bg
g§~§Y _| _¥Ë`wVm Xa à^ma nwZM©bZ H$s {V{W Ho$ ~mX nm°{bgr _mh
preceding the date of deduction of Mortality
go nwZM©bZ H$s {V{W go boH$a AJbo nm°{bgr _mh H$s Ad{Y Ho$ Charges. 5. ~§X nm
{bE AmZwnm{VH$ _¥Ë`wVm Xa à^ma Ho$ gmW H$mQ>m OmEJm& In case where the Policy is converted into a reduced E. bm°H
nm°{bgr df© Ho$ Xm¡amZ _¥Ë`wVm à^ma `y{ZQ²>g Ho$ {ZagZ H$s {Z`V paid-up policy, the Mortality Charge in respect of
Sum at Risk under a paid-up Policy shall be deducted
`{X n
{V{W Ho$ gmW `m CgHo$ R>rH$ nhbo n‹S>Zo dmbr nm°{bgr df©Jm±R> na nwZM©{b
from the policy month following the due date of
~r{_V ì`{ŠV H$s {ZH$Q>V_ OÝ_{XZ H$s Am`w na AmYm[aV hmoJm first unpaid premium. AYrZ
Am¡a Bg{bE àË`oH$ nm°{bgr df©Jm±§R> na ha df© ~‹T> gH$Vm h¡& On revival of the policy, the risk cover under the E. ã`
BgHo$ Abmdm, `h à^ma AZw~§Y Ho$ àdoe MaU _| Am¡a nwZM©bZ policy shall be restored immediately and the na
Ho$ g_`, `{X bmJy hmo, nm°{bgrYmaH$ Ho$ ñdmñÏ`, ì`dgm` Am¡a Mortality Charge in respect of Sum at Risk under àr
OrdZe¡br na ^r {Z^©a H$aoJm& in-force policy shall be deducted from the policy
month following the date of revival along with g
BZ Am`w-{d{eîQ> dm{f©H$ _¥Ë`wVm à^mam| H$mo ZrMo {X`m J`m h¡: proportionate Mortality Charge for the period from ~r. nm
date of revival to the following policy month. Ho$
Mortality Charges, during a policy year, will be J`
LIC’s
LIC’sSIIP
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Page 3432 of 46
of 48 Plan
PlanNo.-
No. 752
752 LIC’s SIIP
tion shall OmopI_YrZ à{V ê$. 1000/- na dm{f©H$ _¥Ë`wVm à^ma based on the age nearer birthday of the Life Assured
months of Am _¥Ë`wVm Am _¥Ë`wVm Am _¥Ë`wVm Am _¥Ë`wVm Am _¥Ë`wVm Am _¥Ë`wVm
on the policy anniversary coinciding with or
unicating `w à^ma `w à^ma `w à^ma `w Xa `w à^ma `w à^ma immediately preceding the due date of cancellation
ns (a) to à^ma
of units and hence may increase every year on each
if opted 2 1.24 16 1.04 30 1.32 44 3.17 58 13.03 72 38.92
policy anniversary. Further, this charge shall also
ears from 3 0.63 17 1.12 31 1.36 45 3.48 59 14.03 73 42.71 depend on health, occupation and lifestyle of the
o the date 4 0.37 18 1.18 32 1.41 46 3.85 60 15.07 74 46.92 Policyholder at the entry stage of the contract and
complete at the time of revival, if applicable
5 0.25 19 1.22 33 1.47 47 4.28 61 16.16 75 51.60
These age-specific annual Mortality charges are as
6 0.21 20 1.25 34 1.54 48 4.77 62 17.32 76 56.78
y arise: given below:
7 0.20 21 1.26 35 1.62 49 5.34 63 18.58 77 62.53
hereafter Annual Mortality Charge per Rs 1000/- Sum at Risk
he policy 8 0.23 22 1.26 36 1.72 50 5.99 64 19.97 78 68.88
Ag Mor- Ag Mor- Ag Mor- Ag Mor- Ag Mor- Ag Mor-
up to the 9 0.28 23 1.26 37 1.83 51 6.71 65 21.51 79 75.91
e tality e tality e tality e tality e tality e tality
Char- Char- Char- Char- Char- Char-
then the ge ge ge ge ge ge
10 0.36 24 1.26 38 1.96 52 7.49 66 23.23 80 83.68
Condition 2 1.24 16 1.04 30 1.32 44 3.17 58 13.03 72 38.92
11 0.46 25 1.26 39 2.11 53 8.33 67 25.16 81 92.26
3 0.63 17 1.12 31 1.36 45 3.48 59 14.03 73 42.71
but does 12 0.58 26 1.26 40 2.27 54 9.22 68 27.32 82 101.72
4 0.37 18 1.18 32 1.41 46 3.85 60 15.07 74 46.92
val Period 13 0.70 27 1.26 41 2.45 55 10.14 69 29.75 83 112.16
5 0.25 19 1.22 33 1.47 47 4.28 61 16.16 75 51.60
chever is 14 0.83 28 1.27 42 2.66 56 11.09 70 32.48 84 123.66
tion, then 6 0.21 20 1.25 34 1.54 48 4.77 62 17.32 76 56.78
15 0.94 29 1.29 43 2.89 57 12.05 71 35.52
d paid up 7 0.20 21 1.26 35 1.62 49 5.34 63 18.58 77 62.53
d or up to
gr. XþK©Q>Zm {hVbm^ à^ma (`{X EbAmB©gr H$m gå~Õ> 8 0.23 22 1.26 36 1.72 50 5.99 64 19.97 78 68.88
lier.
XþK©Q>Zm _¥Ë`w {hVbm^ amBS>a MwZm J`m h¡): 9 0.28 23 1.26 37 1.83 51 6.71 65 21.51 79 75.91
the date
he date of `h EbAmB©gr Ho$ gå~Õ XþK©Q>Zm _¥Ë`w {hVbm^ 10 0.36 24 1.26 38 1.96 52 7.49 66 23.23 80 83.68

e payable amBS>a (`{X MwZm J`m h¡) H$s bmJV H$da H$aZo Ho$ 11 0.46 25 1.26 39 2.11 53 8.33 67 25.16 81 92.26
r date of {bE nm°{bgr Mmby ahZo Ho$ Xm¡amZ (AWm©V² g^r Xo` 12 0.58 26 1.26 40 2.27 54 9.22 68 27.32 82 101.72
he Policy àr{_`_m| H$m ^wJVmZ H$a {X`m J`m hmo) `y{ZQ> \§$S> 13 0.70 27 1.26 41 2.45 55 10.14 69 29.75 83 112.16
_yë` _| go `Wmo{MV g§»`m _| `y{ZQ²>g aÔ H$a àË`oH$ 14 0.83 28 1.27 42 2.66 56 11.09 70 32.48 84 123.66
complete
nm°{bgr _mh H$s ewéAmV _| bJm`m OmZo dmbm H$a
y at any 15 0.94 29 1.29 43 2.89 57 12.05 71 35.52

Unit Fund h¡& EH$ g_ñVar` dm{f©H$ à^ma à{V nm°{bgr df©
c. Accident Benefit Charge (if LIC’s Linked
icyholder ê$. 0.40 à{V hOma XþK©Q>Zm {hVbm^ ~r_m am{e
Accidental Death Benefit Rider is opted
H$s Xa go hmoJm& `{X ~r{_V ì`{ŠV AY©g¡{ZH$ ~bm| for):-
ed before go {^ÝZ {H$gr ^r nw{bg g§JR>Z _| nw{bg S>çyQ>r _| This is the charge to cover the cost of LIC’s
Maturity, bJm h¡ Am¡a CgZo nw{bg S>çyQ>r _| ahVo hþE `h H$da Linked Accidental Death Benefit Rider (if
following
MwZm h¡, Vmo g_ñVar` dm{f©H$ à^ma à{V nm°{bgr df© opted for) levied at the beginning of each
ê$. 0.80 à{V hOma XþK©Q>Zm {hVbm^ ~r_m am{e H$s policy month by cancelling appropriate
by Partial number of units out of the Unit Fund Value
ring the Xa go hmoJm&
while the policy is in-force (i.e. all due
preceding _m{gH$ à^ma dm{f©H$ XþK©Q>Zm {hVbm^ à^ma H$m ~mahdm± premiums have been paid).. A level annual
, (Partial ^mJ hmoJm& charge shall be at the rate of Rs. 0.40 per
tion 13 of thousand Accident Benefit Sum Assured per
S>r. AÝ` à^ma:
policy year. If the Life Assured is engaged in
ntimation i. \§$S> à~§YZ à^ma: `h AmpñV`m| Ho$ _yë` Ho$ à{VeV
police duty in any police organization other
Ho$ ê$n _| bJm`m OmZo dmbm à^ma h¡ Am¡a EZEdr H$m than paramilitary forces and opted for this
excluding g_m`moOZ H$a {d{Z`mo{OV {H$`m OmEJm& \§$S> à~§YZ cover while engaged in police duty, then
the two à^ma (E\$E_gr) {ZåZmZwgma hmoJm: the level annual charge shall be at the rate
ding the of Rs 0.80 per thousand Accident Benefit
• Mmby nm°{bgr Ho$ A§VJ©V CnbãY Mma \§$S> Ho$ àH$mam|
Sum Assured per policy year.
hall be as
`m{Z {H$ ~m°ÝS> \§$S>, {gŠ`moS>© \§$S>, ~¡b|ñS> \§$S> Am¡a
The monthly charges will be one twelfth of the
J«moW \§$S> Ho$ {bE `w{ZQ> \§$S> H$m 1.35% à{Vdf©& annual Accident Benefit Charge
e i.e. date • ~§X nm°{bgr \§$S> Ho$ {bE `y{ZQ> \§$S> H$m 0.50% d. Other Charges –
ed during à{Vdf©& i. Fund Management Charge : This is a charge
expiry of levied as a percentage of the value of assets
tiplied by `h EZEdr H$s JUZm H$aVo g_` bJm`m OmZo dmbm
and shall be appropriated by adjusting the
(i.e. after à^ma h¡, Omo X¡{ZH$ AmYma na {H$`m OmEJm& Bg àH$ma NAV .Fund Management Charge (FMC) shall
any) as on Kmo{fV EZEdr ewÕ E\$E_gr hmoJm& be as under:

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No. 752
 ii. nm°{bgr àemgZ à^ma: `h à^ma 6R>o nm°{bgr df© go • 1.35% p.a. of Unit Fund for all the four g_
nm°{bgr Ad{Y Ho$ A§V VH$ é. 150 à{V_mh H$s Xa go fund types available under an inforce nm
policy i.e. Bond Fund, Secured Fund,
ha nm°{bgr _mh H$s ewéAmV _| {b`m OmEJm, Am¡a 7d| Balanced Fund and Growth Fund (iii) `{
df© go à{Vdf© 5% H$s d¥{Õ Ho$ gmW A{YH$V_ é. 500 • 0.50% p.a. of Unit Fund for “Discontinued {d
à{V_mh (`m{Z {H$ é 6000 à{Vdf©) VH$ OmEJm, {Ogo Policy Fund” {H
`w{ZQ> \§$S> _| go `w{ZQ²>g H$s g_Vwë` g§»`m aÔ H$aHo$ This is a charge levied at the time of {~
{b`m OmEJm& computation of NAV, which will be done on
daily basis. The NAV thus declared will be {Z
iii. pñd{M§J (AXbm-~Xbr) à^ma: `h CËnmX Ho$ ^rVa net of FMC. \§$
CnbãY EH$ n¥W¸¥$V \§$S> go Xygao _| AXbm-~Xbr Ho$ ii. Policy Administration Charge: This Charge b
{bE {b`m OmZo dmbm à^ma h¡, Omo AXbm-~Xbr g§nÞ shall be levied at the beginning of each Ho$
H$aVo g_` `w{ZQ> \§$S> _yë` _| go `w{ZQ²>g H$s C{MV policy month from 6th policy year till the ^wJ
end of policy term at the rate of Rs 150 per
g§»`m aÔ H$aHo$ {b`m OmVm h¡& EH$ nm°{bgr df© _|, 4 month escalating at the rate of 5% p.a. from (iv) hm
~ma {Z…ewëH$ AXbm-~Xbr H$s Om gH$Vr h¡& CgHo$ 7th year onwards and shall be subject to H$
~mX H$s J`r {H$gr ^r AXbm-~Xbr na é. 100 à{V maximum of Rs 500 per month (i.e. Rs 6000 _|
AXbm-~Xbr ßH$m à^ma bmJy hmoJm& p.a.) from the Unit Fund by cancelling units H$
for equivalent amount.
iv. ~§X hmoZo na à^ma: `h à^ma nm°{bgr ~§X hmoZo H$s {V{W A
iii. Switching Charge: This is a charge levied
VH$ H$s pñW{V Ho$ AZwgma `y{ZQ> \§$S> _yë` go `Wmo{MV on switching from one segregated fund to Zr
g§»`m _| `y{ZQ²>g aÔ H$a bJm`m OmEJm& bmJy ~§X hmoZo another available within the product and will A
H$m à^ma Bg àH$ma h¡: be levied at the time of effecting a switch by A
cancelling appropriate number of units out hm
Ohm± nm°{bgr ê$. 50,000 VH$ dm{f©H$ ê$; 50,000 go A{YH$ of the Unit Fund Value. During a given policy
df© Ho$ Xm¡amZ àr{_`_ dmbr nm°{b{g`m| dm{f©H$ àr{_`_ dmbr D$na X
nm°{bgr ~§X H$a Ho$ {bE ~§X hmoZo H$m à^ma nm°{b{g`m| Ho$ {bE ~§X hmoZo
year, 4 switches shall be allowed free of
Xr OmVr h¡ H$m à^ma charge. Subsequent switches, if any, shall be bm°H$-B
1 A{YH$V_ A{YH$V_ subject to a Switching Charge of Rs. 100 per H$s pñW
é. 3000/- Ho$ AYrZ é. 6000/- Ho$ AYrZ switch. AZwgma
(Enr `m E\$dr) (Enr `m E\$dr) iv. Discontinuance Charge: This charge will be go g§~§{
go JwUm {H$`m J`m go JwUm {H$`m J`m
levied by cancelling appropriate number
20% go H$_ 6% go H$_ bm^mWu
2
of units from the Unit Fund Value as on
A{YH$V_ A{YH$V_
é. 2000/- Ho$ AYrZ é. 5000/- Ho$ AYrZ the date of discontinuance of Policy. The II) A
(Enr `m E\$dr) (Enr `m E\$dr) Discontinuance charge applicable is as OmVm h
go JwUm {H$`m J`m go JwUm {H$`m J`m under:
15% go H$_ 4% go H$_ AZwJ«h
Where the Discontinuance Discontinuance Charg-
3 10% Ho$ (Enr `m E\$dr) A{YH$V_ policy is dis- Charges for the es for the Policies OmZo Ho$
Ho$ gmW JwUZ\$b _| é. 4000/- Ho$ AYrZ continued Policies having an- having annualized
go {ZåZV_ am{e, Omo (Enr `m E\$dr)
EH$ KQ
during the nualized premium premium above Rs
A{YH$V_ é. 1500/- go JwUm {H$`m J`m policy year up to Rs 50,000 50,000 Bg nm°{
Ho$ JwUZ VH$ gr{_V hmoJr 3% go H$_ 1 Lower of 20% mul- Lower of 6% multi- am{e Z
4 A{YH$V_ A{YH$V_ tiplied by (AP or FV) plied by (AP or FV)
é. 1000/- Ho$ AYrZ é. 2000/- Ho$ AYrZ subject to maximum subject to maximum of
{Z`_m|
(Enr `m E\$dr) (Enr `m E\$dr) of Rs. 3000/- Rs. 6000/- àr{_`_
go JwUm {H$`m J`m go JwUm {H$`m J`m 2 Lower of 15% mul- Lower of 4% multi-
5% go H$_ 2% go H$_ ~am~a h
tiplied by (AP or FV) plied by (AP or FV)
5 Am¡a CgHo$ eyÝ` eyÝ` subject to maximum subject to maximum of {dK{Q>V
~mX of Rs. 2000/- Rs. 5000/- nm°{bgr
3 Lower of 10% mul- Lower of 3% multi-
Ohm± tiplied by (AP or FV) plied by (AP or FV) MwH$Vm
subject to maximum subject to maximum of VXZwgm
Enr - dm{f©H$ àr{_`_ of Rs. multiplied by Rs. 4000/-
1500/- dmbo A
E\$dr - nm°{bgr ~§X hmoZo H$s {V{W VH$ H$s pñW{V Ho$ AZwgma 4 Lower of 5% multi- Lower of 2% multi- J`o ^mJ
`y{ZQ> \§$S> _yë` plied by (AP or FV) plied by (AP or FV)
subject to maximum subject to maximum of
{hVbm^
""nm°{bgr ^§J H$aZo H$s {V{W'' Cg {V{W H$mo H$hm OmEJm, of Rs. 1000/- Rs. 2000/- Bg àH
5 and NIL NIL
Omo {Ogna ~r{_V OrdZ/nm°{bgrYmaH$ H$s Amoa go onwards nhbo ~
nm°{bgr Ho$ Aä`n©U H$s gyMZm àmá hmoVr h¡, `m AZwJ«h Where nÌmMma
H$s Ad{Y g_má hmoVr h¡ (AZw~§Y Ho$ AZwgma AZwJ«h AP - Annualized Premium nhbo ~
Ad{Y _| ~H$m`m àr{_`_ H$m ^wJVmZ Z H$aZo na), XmoZm| FV – Unit Fund Value on the Date of Discontinuance {V{W _
_| go Omo ^r nhbo hmo& of Policy Ho$ ^rV
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No. 752 LIC’s SIIP
espect of v. Am§{eH$ AmhaU à^ma: `h à^ma \§$S> Ho$ àË`oH$ Am§{eH$ “Date of Discontinuance of the Policy”
nominee/ AmhaU Ho$ g_` `w{ZQ> \§$S> _yë` _| go {b`m OmVm h¡ Am¡a shall be the date on which the intimation is
olicy shall received from the Life Assured/ policyholder
ha ~ma é. 100/- hmoJm, {Ogo `w{ZQ> \§$S> _yë` _| go
about surrender of the policy or on the expiry
`w{ZQ²>g H$s C{MV g§»`m H$mQ> H$a {b`m OmEJm Am¡a `h of the Grace Period (in case of non-payment
5 years’
H$Q>m¡Vr Am§{eH$ AmhaU {H$`o OmZo H$s {V{W na H$s OmEJr& of contractual premium due during the Grace
Period), whichever is earlier.
der of the vi. H$a à^ma: H$a à^ma, `{X H$moB© hmo,
then the Bg g§~§Y _| g_`-g_` na ^maV gaH$ma `m {H$gr AÝ` v. Partial Withdrawal Charge: This is a charge
mation of levied on the Unit Fund Value at the time
g§d¡Ym{ZH$ H$a àm{YH$aU Ûmam Omar àM{bV H$a H$mZyZm|/
icyholder of each partial withdrawal of the fund and
re will be A{YgyMZm Am{X Ho$ AZwgma nm°{bgrYmaH$ Ho$ g§X^© Ho$ shall be a flat amount of Rs. 100/- which
e policy. {~Zm Bg `moOZm na bmJy g^r `m {H$Ýht à^mam| na H$a will be deducted by cancelling appropriate
y shall not H$s Xa na bJm`m OmEJm& number of units out of Unit Fund Value and
tatement vi. {d{dY à^ma … `h AZw~§Y Ho$ Xm¡amZ {H$gr ^r n[adV©Z Ho$ the deduction shall be made on the date on
uring the which partial withdrawal takes place.
{bE bJm`m OmZo dmbm à^ma h¡, O¡go {H$ nm°{bgr Omar
hmoZo Ho$ ~mX àr{_`_ H$s {d{Y Am¡a XþK©Q>Zm {hVbm^ amBS>a [Link] Charge: Tax charge, if any,
H$o AZwXmZ _| ~Xbmd, Am¡a é.100/- H$s EH$ {ZpíMV shall be levied on all or any of the charges
been paid applicable to this plan at the rate of tax as
then the am{e hmoJr Omo `y{ZQ> \§$S> _yë` _| go `Wmo{MV g§»`m _| per the prevailing Tax laws/ notification etc.
ce. `y{ZQ²>g aÔ H$a$ H$mQ>m OmEJm Am¡a H$Q>m¡Vr nm°{bgr _| as issued by Government of India or any
shall be n[adV©Z H$s {V{W na H$s OmEJr& other Constitutional Tax Authority of India
Mortality {ZJ_ nm°[bgr _| n[adV©Z H$mo ñdrH$ma `m AñdrH$ma H$aZo from time to time in this regard without any
be taken, reference to the policyholder.
H$m A{YH$ma gwa{jV aIVm h¡& n[adV©Z n[adV©Z Ho$
e charges [Link] Charge: This is a charge levied
gmW `m R>rH$ CgHo$ ~mX n‹S>Zo dmbr nm°{bgr df©Jm±R> na
his Policy for any alteration during the contract, such
V^r à^mdr hmoJm O~ {ZJ_ Ûmam AZw_mo{XV {H$`m OmEJm
as change in premium mode, and Grant of
cy during Am¡a {deof ê$n go nm°{bgrYmaH$ H$mo {bpIV _| gy{MV Accident Benefit Rider after the issue of
under an {H$`m OmEJm& the policy, and shall be a flat amount of Rs.
al, which 100/- which will be deducted by cancelling
9. à^mam| _| g§emoYZ H$aZo H$m A{YH$ma: {ZJ_ _¥Ë`wVm à^ma
have not appropriate number of units out of Unit Fund
Am¡a XþK©Q>Zm {hVbm^ à^ma H$mo N>mo‹S>H$a CnamoŠV g^r `m Value and the deduction shall be made on the
hall be as {H$Ýht à^mam| _| g§emoYZ H$aZo H$m A{YH$ma gwa{jV aIVm h¡& date of alteration in the policy.
à^mam| _| g§emoYZ Cn`wŠV AZw_moXZ go Am¡a nm°{bgrYmaH$m| The Corporation reserves the right to accept
he Lock- H$mo 3 _hrZo H$s gyMZm XoZo Ho$ ~mX àË`mer à^md go {H$`m or decline an alteration in the policy. The
OmEJm, {Ogo h_mar do~gmBQ> Ho$ _mÜ`_ go A{Ygy{MV alteration shall take effect from the policy
und Value {H$`m OmEJm& anniversary coincident with or following the
ntinuance alteration only after the same is approved
v) of Part hmbm±{H$ à^ma g_rjm `mo½` h¢, bo[H$Z AmB©EAmaS>rE² Ûmam by the Corporation and is specifically
mount as g_`-g_` na Kmo{fV AZwgma A{YH$V_ à^mam| Ho$ AYrZ communicated in writing to the policyholder.
monetary hm|Jo& à^mam| H$s dV©_mZ gr_m Bg àH$ma h¡: 9. Right to revise charges: The Corporation
ontinued
E) àr{_`_ Amd§Q>Z à^ma {H$gr ^r df© _| dm{f©H$rH¥$V àr{_`_ reserves the right to revise all or any of the
elow and
above charges except, Mortality Charge and
all cease. Ho$ 12.5% go A{YH$ Zht hmoJm&
Accident Benefit Charge. The modification in
harges of ~r)nm°{bgr àemgZ à^ma ê$. 500 à{V _mh go A{YH$ Zht charges will be done with prospective effect
cted from
hmoJm& with the appropriate approval and after giving
the policyholders a notice of 3 months which
tion shall gr) \§$S> à~§YZ à^ma AmBAmaS>rEAmB© Ûmam {ZYm©{aV gr_m shall be notified through our website.
months of go A{YH$ Zht hmoJm, Omo dV©_mZ _| D$na {X`o J`o I§S> B©
unicating H$s eV© 8.(S>r).(i) Ho$ g_mZ h¡& Although the charges are reviewable, they will
of revival be subject to maximum charges as declared by
ree years S>r) Am§{eH$ {ZH$mgr à^ma àË`oH$ {ZH$mgr na ê$. 500/- IRDAI from time to time. The current cap on
go A{YH$ Zht hmoJm& charges is as under:
se: B©) ~Xbmd H$aZo H$m à^ma à{V ~Xbmd é. 500/- go A{YH$ a) Premium Allocation charges shall not exceed
hereafter Zht hmoJm& 12.5% of Annualized Premium in any year
t any time
E\$) A{Za§VaVm à^ma AmBAmaS>rEAmB© Ûmam {ZYm©{aV gr_m go b)Policy Administration Charge shall not exceed
he policy
A{YH$ Zht hmoJm, Omo dV©_mZ _| D$na {X`o J`o I§S> B© H$s Rs 500 per month.
ition 5 of
eV© 8.S>r. (iv) Ho$ g_mZ h¡& c) The Fund Management Charge shall not

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Plan No.- 752
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 Or){d{dY à^ma ha ~ma n[adV©Z H$m AZwamoY H$aZo na exceed the limit specified by IRDAI which are Am`w A
500/- go A{YH$ Zht hmoJm& currently same as Condition 8.(d).(i) of Part E ~§X H$a
above.
AJa nm°{bgrYmaH$ à^mam| Ho$ g§emoYZ go g_hV Z hmo, \§$S> _yë
d)Partial withdrawal charge shall not exceed Rs.
Vmo nm°{bgrYmaH$ Ho$ nmg `w{ZQ> \§$S> _yë` {ZH$mbZo H$m 500/- on each withdrawal. 2. Hw$N> KQ
{dH$ën hmoJm& AJa à^mam| _| Bg àH$ma H$m g§emoYZ bm°H$- `{X Bg
BZ-Ad{Y Ho$ Xm¡amZ {H$`m J`m hmo, Vmo AmhaU H$s AZw_{V e) Switching Charge shall not exceed Rs. 500/-
per switch.
h¡ `m `
bm°H$-BZ-Ad{Y g_má hmoZo Ho$ ~mX hr hmoJr& KmofUm
f) Discontinuance charges shall not exceed the {Z{hV
^mJ E\$: AÝ` {Z`_ d eV] limits specified by IRDAI, which are currently
same as Condition 8.d. (iv) of Part E above
J`m h¡,
1. E) g_ZwXoeZ: g_`-g_` na `Wm g§emo{YV, ~r_m
OmEJr
A{Y{Z`_, 1938 Ho$ AZwÀN>oX 38 Ho$ AZwgma, Bg `moOZm g) Miscellaneous Charge shall not exceed g^r X
Ho$ A§VJ©V g_ZwXoeZ H$s AZw_{V h¡. AZwÀN>oX 38 Ho$ Rs. 500/- each time when an alteration is
1938
dV©_mZ àmdYmZ Bg nm°{bgr XñVmdoO Ho$ AZwb½ZH$-1 _| requested.
gpå_{bV h¢& 3. J¡a-Oã
In case the Policyholder does not agree with
g_ZwXoeZ H$s gyMZm n§OrH$aU hoVw {ZJ_ Ho$ Cg H$m`m©b` the revision of charges the Policyholder shall E. A
have the option to withdraw the Unit Fund
H$mo Xr OmZr Mm{hE, Ohm± nm°{bgr H$mo godm àmßV hmoVr h¡& Value. If such revision in charges is made during
nm°{bgr
~r) Zm_m§H$Z: g_`-g_` na `Wm g§emo{YV, ~r_m the Lock-in-Period, withdrawal shall be allowed {H$`m O
only after the expiry of Lock-in-Period. Xo` hmoJ
A{Y{Z`_, 1938 H$s Ymam 39 Ho$ AZwgma OrdZ ~r_m
nm°{bgr YmaH$ Ûmam Zm_m§H$Z Amdí`H$ h¡& Ymam 39 Ho$ PART – F: OTHER TERMS AND CONDITIONS i. A
dV©_mZ àmdYmZ Bg nm°{bgr XñVmdoO Ho$ AZwb½ZH$-2 _| {H
{XE JE h¢& 1. a) Assignments: Assignment is allowed under A
this plan as per Section 38 of the Insurance
nm
Zm_m§H$Z `m Zm_m§H$Z _| n{adV©Z H$s gyMZm n§OrH$aU hoVw Act, 1938, as amended from time to time. The
current provisions of Section 38 are contained nm
{ZJ_ Ho$ Cg H$m`m©b` _| Xr OmZr Mm{hE, Ohm§ nm°{bgr
H$mo godm àmßV hmoVr h¡& Zm_m§H$Z Ho$ n§OrH$aU _| {ZJ_ Ûmam in Annexure-1 of this Policy Document. Ho$
`w{
BgH$s d¡YVm `m d¡Ym{ZH$ à^md Ho$ g§~§Y _| H$moB© CÎmaXm{`Ëd The notice of assignment should be submitted
3.
ñdrH$ma Zht {H$`m OmVm h¡ `m H$moB© _V ì`ŠV Zht {H$`m for registration to the office of the Corporation,
where the policy is serviced. O
OmVm h¡&
3.
2. {hVbm^m| _| d¥{Õ/H$_r: b) Nominations: Nomination by the holder of a {X
policy of life assurance is required as per Section
`moOZm Ho$ A§VJ©V _yb ~r_m am{e _| {H$gr d¥{Õ/H$_r H$s nm
39 of the Insurance Act, 1938, as amended from
AZw_{V Zht Xr OmEJr& hmbm±{H$, Mmby nm°{bgr Ho$ A§VJ©V, time to time. The current provisions of Section _|
nm°{bgrYmaH$ ×mam nm°{bgr Ad{Y Ho$ Xm¡amZ {H$gr ^r g_` 39 are contained in Annexure-2 of this Policy à~
EbAmB©gr H$s$ gå~Õ> XþK©Q>Zm {hVbm^ amBS>a H$mo aÔ {H$`m Document. nm
Om gH$Vm h¡& hmbm±{H$, EH$ ~ma amBS>a aÔ H$a {XE OmZo Ho$ {H
The notice of nomination or change of
~mX, Cgo ~mX _| ~hmb Zht {H$`m Om gH$Vm h¡& nomination should be submitted for registration amB
3. Q>m°n-An - Bg `moOZm Ho$ A§VJ©V {H$gr Q>m°n-An H$s to the office of the Corporation, where the Cn
AZw_{V Zht Xr OmEJr& policy is serviced. In registering nomination the
b
Corporation does not accept any responsibility
4. AmË_hË`m AndO©Z: Bg nm°{bgr XñVmdoO _| H$ht ^r or express any opinion as to its validity or legal Ho$
C{ëbpIV _¥Ë`w na Xo` {hVbm^m| Ho$ àmdYmZ Ho$ ~mdOyX, effect. eV
AmË_hË`m Ho$ H$maU _¥Ë`w Ho$ _m_bo _| Xmdm ^wJVmZ go hm
2. Increase/Decrease in Benefits:
g§~§{YV àmdYmZ Bg_| ZrMo {Z{X©îQ> H$s JB© eVm] Ho$ AYrZ hm
hm|Jo: No increase/decrease of Basic Sum Assured will BZ
be allowed under the plan. Under an in-force na
AJa ~r{_V OrdZ nm°{bgr Ama§^ hmoZo H$s {V{W `m nm°{bgr policy, the policyholder can, however, cancel the
Ho$ nwZñWm©nZ H$s {V{W go 12 _hrZm| Ho$ ^rVa AmË_hË`m Zm
LIC’s Linked Accidental Benefit Rider at anytime
H$a boVm h¡, Vmo nm°{bgrYmaH$ H$m Zm{_Vr `m bm^mWu _¥Ë`w during the policy term. However, once the rider g_
à_mUnÌ Ho$ gmW _¥Ë`w H$s gyMZm Xr OmZo H$s {V{W na is cancelled, the same cannot be subsequently ii. `{
restored. A
CnbãY `w{ZQ> \§$S> _yë` H$m hµH$Xma hmoJm& {ZJ_ Bg nm°{bgr
go g§~§{YV H$moB© ^r AÝ` Xmdm ñdrH$ma Zht H$aoJm Am¡a 3. Top - up – No top – up shall be allowed under `{
nm°{bgr g_má hmo OmEJr& the plan. A
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No. 752 LIC’s SIIP
st unpaid CgHo$ ~mX \§$S> à~§YZ à^mam| (FMC) Ho$ Abmdm {b`m J`m 4. Suicide Exclusion: Notwithstanding the
d occurs H$moB© ^r à^ma Am¡a H$a VWm _¥Ë`w H$s {V{W Ho$ ~mX FMC na provision of benefits payable on death
payment mentioned anywhere in this Policy Document,
{b`m J`m H$a _¥Ë`w H$s gyMZm H$s {V{W na CnbãY `w{ZQ>
ll still be the provisions related to claim payment in case
paid after \§$S> _yë` _| dmng Omo‹S> {X`m OmEJm& _¥Ë`w H$s {V{W Ho$ ~mX of death due to suicide shall be subject to the
s, if not Omo‹S>r J`r H$moB© ^r {ZpíMV A{^d¥{Õ `w{ZQ> \§$S> go dmng bo conditions as specified herein under
br OmEJr&
expiry of If the Life Assured commits suicide within 12
`{X ~r{_V ì`{ŠV H$s àdoe Ho$ g_` Am`w/nwZM©bZ Ho$ g_` months from the Date of Commencement of
paid as
Am`w 8 df© go H$_ h¡ Vmo `h AZwÀN>oX bmJy Zht hmoJm& Policy or from the Date of Revival of the policy,
of Part D the nominee or beneficiary of the policyholder
5. ~r{_V ì`{ŠV Ûmam dhZ {H$E OmZo dmbo OmopI_: `y{ZQ>²g shall be entitled to the Unit Fund Value as
H$m _yë` Am¡a gmW hr `y{ZQ> \§$S> _yë` go g§~§{YV {hVbm^ available on the date of intimation of death
~mOma Am¡a AÝ` OmopI_m| Ho$ AYrZ h¢ Am¡a Bg ~mV H$m H$moB© along with death certificate. The Corporation
mium on AmídmgZ Zht {X`m Om gH$Vm h¡ {H$ CnamoŠV {H$gr ^r \§$S> will not entertain any other claim by virtue of
hedule of this policy and the policy shall terminate.
H$m CÔoí` àmßV hmo hr OmEJm& BgHo$ Abmdm, àË`oH$ \§$S>
tion does àH$ma Ho$ ^rVa `y{ZQ²>g H$o _yë` _| ny±Or ~mOma H$mo à^m{dV Any charges and Tax levied thereon other
otice that
H$aZo dmbo {d{^ÝZ H$maH$m| Ho$ AmYma na CVma-M‹T>md hmo than Fund Management Charges (FMC) and
is due.
gH$Vm h¡ Am¡a `y{ZQ²>g H$m _yë` ã`mO Xam| Am¡a AÝ` Am{W©H$ Tax levied on FMC recovered subsequent to
VICING the date of death shall be added back to the
H$maH$m| Ho$ gm_mÝ` ñVa _| ~Xbmd go ^r à^m{dV hmo gH$Vm
Unit Fund Value as available on the date of
h¡& nm°{bgr Ho$ A§VJ©V g^r {hVbm^ g_`-g_` na bmJy intimation of death . Any Guaranteed Addition
hmoZo dmbo H$a H$mZyZm| Am¡a AÝ` {dÎmr` A{Y{Z`_m| Ho$ ^r added subsequently to the date of death shall
tions viz. AYrZ h¢& be recovered from the Unit Fund.
minimum
icy term 6. Xmdo Ho$ {bE gm_mÝ` Amdí`H$VmE±: This clause shall not be applicable in case age at
sured as entry /age at revival of the Life Assured is below
E) _¥Ë`w Xmdm: ~r{_V ì`pŠV H$s _¥Ë`w Ho$ _m_bo _| Xmdm
8 years.
Xm`a H$aVo g_` XmdoXma Ûmam àñVwV {H$E OmZo dmbo gm_mÝ`
stated in
found to XñVmdoO {ZJ_ Ûmam {ZYm©{aV Xmdm ànÌ hm|Jo, gmW _| _yb 5. Risks borne by the Life Assured: The Value
of the units as well as the Benefits relating to
uch age, nm°{bgr XñVmdoO, ~¢H$ ImVo _| Xmdm am{e Ho$ grYo O_m H$aZo
the Unit Fund Value are subject to market and
n’s other Ho$ {bE XmdoXma go EZB©E\$Q>r A{YXoe, ñdm{_Ëd H$m à_mU, other risks and there can be no assurance that
rovisions _¥Ë`w H$m à_mU, _¥Ë`w go nhbo {M{H$Ëgm CnMma, ñHy$b/ the objectives of any of the above funds will
amended be achieved. Further, the value of units within
H$m°boO/{Z`moŠVm H$m à_mU nÌ, Omo ^r {ZJ_ H$s g§Vw{îQ>
all check each Fund Type can go up or down depending
d on the Ho$ {bE bmJy hmo& `{X nm°{bgr Ho$ A§VJ©V Am`w ñdrH$ma Zht on the different factors affecting the capital
ncement H$s OmVr h¡, Vmo ~r_mYmaH$ H$s Am`w H$m à_mU ^r àñVwV markets and may also be affected by changes
be taken: H$aZm hmoJm& in the general level of interest rates and other
economic factors. All benefits under the policy
AàmH¥${VH$ _¥Ë`w `m {H$gr XþK©Q>Zm Ho$ H$maU `m CgHo$ are also subject to the Tax Laws and other
rrect age Financial enactments as they become applicable
MbVo _¥Ë`w Ho$ _m_bo _|, {ZJ_ ×mam àW_ gyMZm [anmoQ>©
policy is from time to time.
maximum (E\$AmB©Ama), n§MZm_m Am¡a nmoñQ>_mQ>©_ [anmoQ>© H$s à{V`m±
urity age _m±Jr Om gH$Vr h¡& {ZJ_ A{V[aŠV XñVmdoOm| H$s ^r _m±J 6. Normal requirements for a claim:
ditions of H$a gH$Vm h¡ O¡gm {H$ CgHo$ Ûmam Amdí`H hmo&
modified a) Death Claim: The normal documents which
nm°{bgrYmaH$ `m ~r{_V ì`pŠV `m XmdoXma, O¡gm {H$ bmJy the claimant shall submit while lodging the
hmo, Ho$ {bE Amdí`H$ h¡ {H$ dh ~r_mH¥$V KQ>Zm, {OgHo$ claim in case of death of the Life Assured
the age shall be claim forms, as prescribed by the
Charges, n{aUm_ñdê$n Bg ~r_m nm°{bgr Ho$ A§VJ©V H$moB© Xmdm hmoVm Corporation, accompanied with original policy
uctible in h¡, Ho$ K{Q>V hmoZo Ho$ ~mao _| `Wmg§^d erK« go erK« {ZJ_ H$mo document, NEFT mandate from the claimant for
espective gy{MV H$ao& direct credit of the claim amount to the bank
cy for the account, proof of title, proof of death, medical
tion shall ~r) _¥Ë`w Xmdo Ho$ Abmdm nm°{bgr H$s g_m{ßV na: _¥Ë`w treatment prior to the death, school/ college/
umber of Xmdm Ho$ Abmdm {H$gr AÝ` H$maU go nm°{bgr H$s g_m{ßV Ho$ employer's certificate, whichever is applicable,
to the satisfaction of the Corporation. If the age
umulated _m_bo _|, ~r{_V ì`{ŠV H$mo Am`w à_mU-nÌ, `{X nhbo Am`w is not admitted under the policy, the proof of
for the H$mo ñdrH$ma Zht {H$`m J`m h¡, Ho$ A{V[aŠV _yb nm°{bgr age of the Life Assured shall also be submitted.
ned from
the date
XñVmdoO, Xmdm am{e grYoo ~¢H$ ImVo _| O_m H$aZo Ho$ {bE
In case of unnatural death or death on account
h rate as XmdoXma go EZB©E\$Q>r A{YXoe Ho$ gmW {d_w{ŠV ànÌ àñVwV of or arising from an accident, the Corporation
tion. H$aZm hmoJm& may call for the copies of First Information

an No. 752 LIC’s

LIC’s SIIP
SIIP Page
Page 39 of37
48of 46 Plan
Plan No.- 752
No. 752
 {
CnamoŠV Ho$ A{V{aŠV, {H$gr ^r d¡Ym{ZH$ àmdYmZ Ho$ A§VJ©V Report (FIR), Panchnama and Post Mortem
A{Zdm`© H$moB© ^r Amdí`H$Vm `m H$mZyZ Ho$ AZwgma Amdí`H$ report. The Corporation may also call for
additional documents as may be required by
hmo gH$Vr h¡, Cgo ^r àñVwV H$aZm Amdí`H$ hmoJm& them.
7. d¡Ym{ZH$ n{adV©Z: Bg nm°{bgr Ho$ A§VJ©V Xo` àr{_`_
Policyholder or the Life Assured or the
Am¡a {hVbm^ g{hV {Z`_ Am¡a eV] àmg§{JH$ {dYmZm| Am¡a claimant, as applicable, is required to intimate
{d{Z`_m| Ho$ AZwgma n{adV©Z Ho$ AYrZ h¢& the Corporation, about the happening of the
insured event resulting into a claim under the 3. OmopI
8. `y{ZQ> {ddaU: `y{ZQ> {ddaU> dm{f©H$ AmYma na àË`oH$ insurance policy, at the earliest possible time.
nm°{bgr df©Jm±R> na Am¡a O~ ^r H$moB© boZXoZ hmoJm, Omar `{X ~
{H$`m OmEJm& b)On termination of policy other than Death Vmo Bg
Claim: In case of termination of a policy for any H$s {V
9. {hVbm^ {ddaU: AmnH$m AZwHy${bV {hVbm^ {ddaU Bg reason other than Death Claim, the Life Assured
shall submit the discharge form along with Ho$ gm
nm°{bgr XñVmdoµO Ho$ gmW g§b¾ h¡&
the original policy document, NEFT mandate na, O
10. Amdí`H$ {díbofU XñVmdoµO: Cn`wŠV AmH$bZ Ho$ A§VJ©V from the claimant for direct credit of the claim `{X ~
AmnH$s Amdí`H$ {díbofU XñVmdoµO Bg nm°{bgr XñVmdoµO amount to the bank account besides proof of
age, if the age is not admitted earlier. A{YH
Ho$ gmW g§b¾ h¡& ewê$ h
11. Sw>{ßbHo$Q> nm°{bgr Omar H$aZm: nm°{bgrYmaH$ nm°{bgr In addition to above, any requirement mandated
under any statutory provisions or as may be 4. Ad`
XñVmdoµO Ho$ Imo OmZo na g_`-g_` na {Z{X©îQ> nm°{bgr required as per law shall also be required to be `{X n
V¡`ma H$aZo Ho$ à^ma Am¡a nm°{bgr ñQ>mån à^ma H$m ^wJVmZ submitted.
H$aHo$ Ed§ gmW hr {ZJ_ Ûmam {ZYm©{aV AÝ` Amdí`H$VmAm| Vmo `h
7. Legislative Changes: The terms and conditions H$s A
Ho$ gmW, Sw>{ßbHo$Q> nm°{bgr Ho$ {bE AmdoXZ H$a gH$Vm h¡& including the premiums and benefits payable nm°{bg
*
OZdar 2024 VH$ H$s pñW[V Ho$ AZwgma, bmJy Sw>pßbHo$Q> under this policy are subject to variation in
accordance with the relevant Legislation & hmo Om
nm°{bgr {Z{_©[V à^ma é. 75 Am¡a nm°{bgr ñQ>mån S²>`yQ>r _yb Regulations. ì`pŠV
~r_m am{e Am¡a XþK©Q>Zm {hVbm^ ~r_m am{e, `{X H$moB© hmo, na
0.20 n¡go à{V hOma h¡& BgHo$ Abmdm, Ano{jV ñQ>mån _yë` 8. Unit Statement: Unit statement shall be issued 5. amBS>a
on yearly basis on every Policy Anniversary and
Ho$ AZwgma ZmoQ>arH¥$V j{Vny{V© AZw~§Y-nÌ> ^r Amdí`H$ also as and when a transaction takes place. Bg n
h¡ Am¡a Bg {Z{_Îm ñQ>m§n S²>`yQ>r nm°{bgrYmaH$ Ûmam dhZ {hVb
H$s OmEJr& 9. Benefit Illustration: Your customized Benefit amBS>a
Illustration is enclosed to this Policy Document.
12. emgr H$mZyZ Ed§ Ý`m`joÌ: `h nm°{bgr ^maV Ho$ H$mZyZm| O~ ^
Ûmam em{gV hmoJr Am¡a Bg nm°{bgr Ho$ A§VJ©V CËnÞ {H$Ýht 10. Need Analysis Document: Your Need Analysis OmVm
document under Suitability Assessment is amBS>a
{ddmXm| Ho$ {ZnQ>mZ hoVw ^maVr` Ý`m`mb`m| H$m Ý`m`joÌ hmoJm&
enclosed to this Policy Document.
`h n
11. Issuance of Duplicate Policy:
EbA
^mJ - Or: d¡Ym{ZH$ àmdYmZ The Policyholder can make an application (`yAm
~r_m A{Y{Z`_, 1938 H$m AZwÀN>oX 45: for duplicate Policy on payment of policy
preparation charges and policy stamp charges Mmby
~r_m A{Y{Z`_, 1938 Ho$ AZwÀN>oX 45 Ho$ àmdYmZ, which are specified from time to time* upon H$m qb
g_`-g_` na `Wm g§emo{YV, bmJy hm|Jo& dV©_mZ àmdYmZ loss of Policy Document along with other df©Jm±R
Bg nm°{bgr XñVmdoO Ho$ AZwb¾H$-3 _| {XE JE h¢& requirements as may be prescribed by the H$_ g
{eH$m`V {ZdmaU V§Ì: Corporation. nhbo
{ZJ_ H$s: *As on January 2024, the applicable duplicate Am`w
{ZJ_ _| J«mhH$m| H$s {eH$m`Vm| H$m {ZdmaU H$aZo Ho$ {bE policy preparation charge is Rs. 75 and policy `{X M
emIm/{d^mJr`/µOmoZb/H|$Ðr` H$m`m©b` _| {eH$m`V stamp charge is 0.20 paise per thousand of
Basic Sum Assured and Accident Benefit Sum
Ho$ ê$n
{ZdmaU A{YH$mar (GROs) CnbãY h¢& J«mhH$ GROs Ho$
Assured, if any. In addition, Indemnity Bond 6. AZwJ
Zm_ Am¡a {eH$m`Vm| go g§~§{YV AÝ` OmZH$m{a`m| Ho$ {bE notarized as per requisite stamp value is also
h_mar do~gmBQ> ([Link] required and the stamp fee for the same shall nhbr
grievances) XoI gH$Vo h¢& be borne by the Policyholder. `m Ì¡_
J«mhH$m| H$s {eH$m`Vm| H$m erK« {ZdmaU gw{Z{üV H$aZo Ho$ _m{gH
12. Governing Law and Jurisdiction:
{bE {ZJ_ Zo h_mao J«mhH$ nmoQ>©b (do~gmBQ>) [Link] H$s A
[Link] Ho$ µO[aE J«mhH$-AZwHy$b EH$sH¥$V {eH$m`V The Policy shall be governed by the laws of India Ho$ ^
à~§YZ àUmbr Ama§^ H$s h¡, Ohm± n§OrH¥$V nm°{bgrYmaH$ grYo and the Indian Courts shall have jurisdiction to ì`pŠV
LIC’s SIIP
LIC’s SIIP Page4038ofof
Page 4846 Plan No.-
Plan No.752
752 LIC’s SIIP
equent to {eH$m`V/n[admX XO© H$a gH$Vm h¡ Am¡a CgH$s pñW{V H$m settle any disputes arising under the Policy.
from the nVm bJm gH$Vm h¡& J«mhH$ AnZr g^r {eH$m`Vm| Ho$ {ZdmaU
Ho$ {bE B©-_ob AmB©S>r co_complaints@ [Link]
either in na ^r g§nH©$ H$a gH$Vo h¢& PART - G: STATUTORY PROVISIONS
ve or in
_¥Ë`w Xmdm {ZñVmaU Ho$ {ZU©` go Ag§VwîQ> XmdoXmam| Ho$ nmg Section 45 of the Insurance Act, 1938:
opted for
D of this AnZo _m_bm| Ho$ nwZarjU Ho$ {bE CÝh| joÌr` H$m`m©b` The provision of Section 45 of the Insurance Act
Xmdm {ddmX {ZdmaU g{_{V `m H|$Ðr` H$m`m©b` Xmdm {ddmX 1938 as amended from time to time shall be
{ZdmaU g{_{V H$mo ^oOZo H$m {dH$ën h¡& EH$ godm{Zd¥Îm CÀM applicable. The current provisions are contained
in Annexure-3 of this Policy Document.
Ý`m`mb`/{µObm Ý`m`mb` H$m Ý`m`mYre ha Xmdm {ddmX
Grievance Redressal Mechanism:
stipulated {ZdmaU g{_{V H$m gXñ` hmoVm h¡&
Of the Corporation:
premiums
n amount AmB©AmaS>rAmB© H$m: The Corporation has Grievance Redressal
y charges Officers (GROs) at Branch/ Divisional/ Zonal/
`{X J«mhH$ àmßV CÎma go Ag§VwîQ> h¡ `m Cgo 15 {XZm| Ho$ Central Office to redress grievances of
over shall
^rVa h_go H$moB© CÎma Zht {_bVm h¡, Vmo dh {ZåZ{bpIV customers. The customers can visit our website
y Benefit. ([Link] for
s shall not _| go H$moB© ^r VarH$m AnZmH$a nm°{bgrYmaH$ g§ajU Am¡a
names and contact details of the GROs and
ble under {eH$m`V {ZdmaU {d^mJ go g§nH©$ H$a gH$Vm h¡: other information related to grievances.
on and tax For ensuring quick redressal of customer
i. Q>mob-µ\Œ$s Z§~a 155255/18004254732 (AWm©V
es, if any. grievances the Corporation has introduced
AmB©AmaS>rAmB© {eH$m`V H$m°b g|Q>a-(~r_m ^amogm Customer friendly Integrated Complaint
e payable
d policy. {eH$m`V {ZdmaU H|$Ð)) na H$m°b H$aZm Management System through our Customer
Portal (website) which is [Link]
ii. complaints@[Link] na B©_ob ^oOZm in, where a registered policy holder can directly
able only iii. [Link] na Am°ZbmBZ register complaint/ grievance and track its
premiums status. Customers can also contact at e-mail id
{eH$m`V XO© H$aZm co_complaints@[Link] for redressal of
ons as a
any grievances.
mium, as iv. Hy$[a`a/nÌ Ho$ µO[aE {eH$m`V ^oOZo H$m nVm:
added to Claimants not satisfied with the decision of
_hmà~§YH$, nm°{bgrYmaH$ g§ajU Am¡a {eH$m`V death claim repudiation have the option of
c duration
{ZdmaU {d^mJ, ^maVr` ~r_m {d{Z`m_H$ Am¡a {dH$mg referring their cases for review to Zonal Office
ums have Claims Dispute Redressal Committee or Central
àm{YH$aU, gd} Z§~a 115/1, {dÎm {µObm, ZmZH$am_ Office Claims Dispute Redressal Committee.
ons (as
JwS>m, JmMr~modbr, h¡Xam~mX-500032, Vob§JmZm& A retired High Court/ District Court Judge is
nnualized member of each of the Claims Dispute Redressal
Committees.
bmoH$nmb:
Of IRDAI:
Xmdm g§~§Yr {eH$m`Vm| Ho$ {ZdmaU Ho$ {bE, XmdmH$Vm© ~r_m
In case the customer is not satisfied with the
bmoH$nmb go ^r g§nH©$ H$a gH$Vo h¢, Ohm± J«mhH$m| H$mo H$_ go response or do not receive the response from
H$_ IM© _| Ëd[aV {ZU©` {_bVm h¡& ~r_m bmoH$nmb {Z`_, us within 15 days, then the customer may
2017 Ho$ AZwgma, bmoH$nmb Ûmam {ZåZm§{H$V àH$ma Ho$ approach the Policyholder’s Protection and
shall be Grievance Redressal Department through any
àH$aUm| go g§~§{YV [eH$m`Vm| `m {ddmXm| H$mo ñdrH$ma H$a CZ of the following modes:
on NAV of
te of such
na {dMma {H$`m Om gH$Vm h¡:
i) Calling Toll Free Number 155255 /
Unit Fund (E) Xmdm| Ho$ {ZnQ>mZ _| {db§~, Omoo ^maVr` ~r_m {d{Z`m_ 18004254732 (i.e. IRDAI Grievance Call
ayment of H$ Ed§ {dH$mg àm{YH$aU A{Y{Z`_, 1999 Ho$ A§VJ©V Centre – (BIMA BHAROSA SHIKAYAT
ch are not NIVARAN KENDRA))
uaranteed
{ZYm©[aV {d{Z`_m| _| {Z{X©îQ> g_` Ho$ ~mha hmo;
ii) Sending an email to complaints@[Link]
uance till (~r) OrdZ ~r_mH$Vm©, gmYmaU ~r_mH$Vm© `m ñdmñÏ`
n the date ~r_mH$Vm© Ûmam XmZm| H$m H$moB© Am§{eH$ `m nyU© n[aË`mJ; iii) Register the complaint online at https://
[Link]/
n added (gr) ~r_m nm°{bgr Ho$ g§~§Y _| ^wJVmZ H$s JB© `m Xo`
iv) Address for sending the complaint through
shall be àr{_`_ na {ddmX; courier / letter:
(S>r) nm°{bgr XñVmdoO `m nm°{bgr g§{dXm _| {H$gr ^r g_` General Manager, Policyholders Protection
Additions na nm°{bgr {Z`_m| d eVm] H$s JbV-~`mZr; and Grievance Redressal Department,
Insurance Regulatory and Development
(B©) ~r_m nm°{b{g`m| H$s d¡Ym{ZH$ g§aMZm, Ohm± VH$ {H$ Authority of India, Survey No.115/1,
re Partial {ddmX Xmdo go g§~§{YV hmo; Financial District, Nanakramguda,
by the Gachibowli, Hyderabad- 500032, Telangana.
on 13 of (E\$) ~r_mH$Vm©Am| Am¡a CZHo$ A{^H$Vm©Am| Am¡a _Ü`ñWm| Ho$
Plan No. 752 LIC’s
LIC’sSIIP
SIIP Page
Page 3948of 46
41 of Plan
PlanNo.-
No. 752
752
 {déÕ nm°{bgr godm g§~§Yr {eH$m`V|; Of Ombudsman: 75. `y{ZQ> {
(Or) OrdZ ~r_m nm°{bgr, ñdmñÏ` ~r_m nm°{bgr g{hV For redressal of Claims related grievances, Am§{eH$
gmYmaU ~r_m nm°{bgr H$m OmarH$aU, Omo {H$ àñVmdH$ claimants can also approach Insurance A§VJ©V
Ombudsman who provides for low cost and
Ûmam O_m {H$E JE àñVmd ànÌ Ho$ AZwê$n Zht hmo; speedy arbitration to customers. 76. `yAmB©E
(EM) OrdZ ~r_m Ed§ ñdmñÏ` ~r_m g{hV gmYmaU ~r_m _| Ûmam Bg
The Ombudsman, as per Insurance Ombudsman
àr{_`_ H$s àmpßV Ho$ níMmV ~r_m nm°{bgr H$mo Omar Z Rules, 2017, can receive and consider complaints
H$aZm; Am¡a or disputes relating to the matters such as:
(a). Delay in settlement of claims, beyond the time
(AmB©) H$moB© AÝ` àH$aU, Omo ~r_m A{Y{Z`_, 1938 Ho$ specified in the regulations, framed under 1. Bg nm°{b
àmdYmZm| `m g_`-g_` na AmB©AmaS>rEAmB© Ûmam the Insurance Regulatory and Development
Omar {d{Z`_m|, n[anÌm|, {Xem-{ZX}em| `m {ZX}em| `m Authority of India Act, 1999; E. n[anŠd
nm°{bgr AZw~§Y Ho$ {Z`_m| d eVm] Ho$ Cëb§KZ Ho$ (b). Any partial or total repudiation of claims by {ZYm©[aV
n[aUm_ñdê$n hm|, Ohm± VH$ {H$ do AZwÀN>oX (E) go the life insurer, General insurer or the health VH$ H$s
insurer;
(E\$) VH$ _| Cëbo{IV _gbm| go g§~§{YV hm|& Xo` hmoJr
(c). Disputes over premium paid or payable in terms
ZmoQ>: BZ {Z`_m| Am¡a eVm] H$s ì`m»`m Ho$ g§~§Y _| {ddmX H$s of insurance policy; ~r. _¥Ë`w {h
{ñW{V _| A§J«oOr g§ñH$aU _mÝ` hmoJm& (d). Misrepresentation of policy terms and {V{W (A
Amngo AZwamoY {H$`m OmVm h¡ {H$ Amn Bg nm°{bgr H$m conditions at any time in the policy document bmJy hmo,
or policy contract;
narjU H$a| Am¡a AJa Bg_| H$moB© JbVr nmB© OmE, Vmo Bgo i) OmopI_
Vwa§V gwYma Ho$ {bE bm¡Q>mE±& (e). Legal construction of insurance policies in so far
as the dispute relates to claim; _¥Ë`w H
(f). Policy servicing related grievances against \§$S> _
AZwb½ZH$ - 1 insurers and their agents and intermediaries;
ii) OmopI_
g_ZwXoeZ - ~r_m A{Y{Z`_ 1938 Ho$ AZwÀN>oX 38 Ho$ AZwgma, (g). Issuance of life insurance policy, general
insurance policy including health insurance {ZåZ{b
(1) ~r_m nm°{bgr H$m A§VaU `m g_ZwXoeZ, nyU©V: `m A§eV: policy which is not in conformity with the
à{V\$b g{hV `m BgHo$ {~Zm, Ho$db nm°{bgr na hr n¥îR>m§H$Z proposal form submitted by the proposer; · _¥Ë`w H
`m AbJ go {bIV Ûmam {H$gr ^r _m_bo _| A§VaUH$Vm© `m JB© Am
(h). Non-issuance of insurance policy after receipt of
g_ZwXoeH$ `m CZHo$ A{YH¥$V EOoÝQ> Ûmam {H$`m Om gH$Vm premium in life insurance and general insurance am{e `
including health insurance; and
h¡, {Ogo H$_ go H$_ EH$ gmjr Ûmam gË`m{nV {H$`m OmZm · _¥Ë`w H
Mm{hE, {deof ê$n go A§VaU `m Aä`n©U Ho$ VÏ` Am¡a (i). Any other matter resulting from the violation \§$S> _
of provisions of the Insurance Act, 1938 or the
H$maU, g_ZwXo{eV Ho$ nyd©d¥Îm Am¡a g_ZwXoeZ H$s eVm] H$m regulations, circulars, guidelines or instructions · _¥Ë`w H
CëboI H$aVo hþE& issued by the IRDAI from time to time or the JB© Am
terms and conditions of the policy contract,
(2) ~r_mH$Vm© Cn-Ymam (1) Ho$ A§VJ©V {H$E JE {H$gr A§VaU in so far as they relate to issues mentioned at {V{W V
`m g_ZwXoeZ H$mo ñdrH$ma H$a gH$Vm h¡ `m {H$gr n¥ð>m§H$Z clauses (a) to (f) Ohm
H$mo ñdrH$ma H$aZo go _Zm H$a gH$Vm h¡, AJa CgHo$ nmg Note: In case of dispute in respect of interpretation ~am~
`h _mZZo H$m n`m©ßV H$maU hmo {H$ `h A§VaU `m g_ZwXoeZ of these terms and conditions the English Am`
dmñV{dH$ Zht h¡ `m nm°{bgr YmaH$ Ho$ {hV _| `m {Z{hV `m version shall stand valid.
YOU ARE REQUESTED TO EXAMINE THIS POLICY, Ho$ ~
~r_m nm°{bgr Ho$ ì`mnma Ho$ à`moOZ hoVw Cn`ŠwV Zht h¡& AND IF ANY MISTAKE BE FOUND THEREIN, RETURN H$s
(3) ~r_mH$Vm©, n¥îR>m§H$Z na A_b H$aZo go BÝH$ma H$aZo go nhbo IT IMMEDIATELY FOR CORRECTION. Xr J
AnZr AñdrH¥${V Ho$ H$maU H$mo {b{IV _| XO© H$aoJm VWm ñdrH$m`
Annexure - 1
nm°{bgr YmaH$ Ûmam Eogo A§VaU `m g_ZwXoeZ H$m Zmo{Q>g XoZo gyMZm à
H$s {V{W go 30 {XZm| Ho$ A§Xa Eogr AñdrH¥${V go nm°{bgr Assignment - As per Section 38 of the Insurance
Act 1938 ~mX {b
YmaH$ H$mo gy{MV H$aoJm& àemgZ
(1) A transfer or assignment of a policy of
(4) ~r{_V ì`pŠV Ûmam Eogo A§VaU `m n¥îR>m§H$Z na A_b H$aZo insurance, wholly or in part, whether with or `w{ZQ> \
go BÝH$ma H$aZo go à^m{dV H$moB© ì`pŠV ~r_mH$Vm© go H$maU without consideration, may be made only by Ho$ gmW
g{hV BÝH$ma H$s gyMZm {_bZo H$s {V{W go 30 {XZm| Ho$ an endorsement upon the policy itself or by a Ho$ ~mX
separate instrument, signed in either case by
A§Xa àm{YH$mar Ho$ nmg AnZm Xmdm aI gH$Vm h¡& the transferor or by the assignor or his duly go dmng
(5) Cn-Ymam (2) Ho$ àmdYmZm| Ho$ AYrZ, A§VaU `m authorised agent and attested by at least one _¥Ë`w Vm
witness, specifically setting forth the fact of
g_ZwXoeZ nyU© hmoJm VWm Eogo n¥îR>m§H$Z `m {d{YdV gË`m{nV transfer or assignment and the reasons thereof, `m `{X
B§ñQ¯>_oÝQ> na A_b à^mdr hmoJm, {gdm` dhm±, Ohm± A§VaU the antecedents of the assignee and the terms O¡gm {H
LIC’s
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42 of 48
Plan
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No. 752 LIC’s SIIP
nsecutive `m g_ZwXoeZ ~r_mH$Vm© Ho$ nj _| h¡, ~r_mH$Vm© Ho$ {dê$Õ on which the assignment is made.
t unpaid à^mdr Zht hmoJm VWm `h A§V[aVr `m g_ZwXo{eV `m CZHo$ (2) An insurer may, accept the transfer or
chever is assignment, or decline to act upon any
H$mZyZr à{V{Z{Y H$mo Eogr nm°{bgr Ho$ A§VJ©V am{e Ho$ {bE
H$mZyZr Xmdm H$aZo `m CZHo$ Ûmam YZam{e H$mo gwa{jV H$aZo endorsement made under sub-section(1),
dded to a where it has sufficient reason to believe that
charge.
H$m A{YH$ma Zht XoVm h¡& A§VaU `m g_ZwXoeZ H$m {b{IV such transfer or assignment is not bonafide or
_| Zmo{Q>g `m CŠV n¥îR>m§H$Z `m B§ñQ¯>_oÝQ> H$s à{V, {Ogo O~ is not in the interest of the policyholder or in
f benefit public interest or is for the purpose of trading of
ed event
VH$ {H$ A§VaUH$Vm© VWm A§V[aVr XmoZm| `m CZHo$ {d{YdV
insurance policy.
dditional A{YH¥$V A{^H$Vm©Am| Ûmam gË` hmoZo Ho$ {bE gË`m{nV {H$`m
J`m hmo, ~r_mH$Vm© H$mo gm¢nm Zht OmVm h¡& (3) The insurer shall, before refusing to act upon the
endorsement, record in writing the reasons for
amount ~eV} Ohm± ~r_mH$Vm© Ho$ ^maV _| EH$ `m A{YH$ H$mamo~ma Ho$ such refusal and communicate the same to the
ed event policyholder not later than thirty days from the
ñWmZ hmo, dhm± Zmo{Q>g H$mo Ho$db dht na {X`m OmZm h¡, Ohm± date of the policy-holder giving notice of such
go nm°{bgr H$mo godm àXmZ H$s Om ahr h¡& transfer or assignment.
cts other
(6) {Og {V{W H$mo Cn-Ymam (5) _| g§X{^©V Zmo{Q>g ~r_mH$Vm© (4) Any person aggrieved by the decision of an
H$mo gnwX© {H$`m OmVm h¡ Cggo dh nm°{bgr _| {hV aIZo insurer to decline to act upon such transfer or
ment that assignment may within a period of thirty days
dmbo g^r ì`pŠV`m| Ho$ ~rM A§VaU `m g_ZwXoeZ Ho$ A§VJ©V from the date of receipt of the communication
marked in g^r Xmdm| Ho$ {bE àmW{_H$Vm H$mo {d{Z`{_V H$aoJr, VWm from the insurer containing reasons for such
Ohm± A§VaU `m g_ZwXoeZ Ho$ EH$ go A{YH$ {bIV hm|, dhm± refusal, prefer a claim to the Authority.

dition 12 Eogo {bIVm| Ho$ A§VJ©V Xmdm| H$s àmW{_H$Vm Cg H«$_ Ûmam (5) Subject to the provisions in sub-section (2),
the transfer or assignment shall be complete
he option em{gV hmoJr, {Og_| Cn-Ymam (5) _| g§X{^©V Zmo{Q>g gwnwX©
and effectual upon the execution of such
he Death {H$E JE h¢& endorsement or instrument duly attested but
with the except, where the transfer or assignment is
ce at the ~eV} g_ZwXo{eVm| Ho$ ~rM ^wJVmZ H$s àmW{_H$Vm Ho$ ~mao
in favour of the insurer, shall not be operative
_| H$moB© {ddmX CËnÝZ hmoZo na Cgo àm{YH$mar H$mo g§X{^©V as against an insurer, and shall not confer
drawal / {H$`m OmE& upon the transferee or assignee, or his legal
expiry of representative, any right to sue for the amount
(7) Cn-Ymam (5) _| g§X{^©V Zmo{Q>g Ho$ àmßV hmoZo na, Eogo of such policy or the moneys secured thereby
A§VaU `m g_ZwXoeZ Ho$ VÏ` H$mo CgH$s {V{W VWm A§V[aVr until a notice in writing of the transfer or
cyholder assignment and either the said endorsement
`m g_ZwXo{eV Ho$ Zm_ Ho$ gmW XO© H$aoJm VWm Zmo{Q>g XoZo
om one or instrument itself or a copy thereof certified
ted Fund dmbo ì`pŠV Ûmam AZwamoY {H$E OmZo na, `m AJa A§V[aVr to be correct by both transferor and transferee
ed under `m g_ZwXo{eV, {d{Z`_m| Ûmam {ZYm©[aV H$s JB© \$sg Ho$ or their duly authorised agents have been
^wJVmZ na, Eogo Zmo{Q>g Ho$ àmßV hmoZo H$s {b{IV nmdVr XoVm delivered to the insurer:

t the time h¡; Am¡a Eogr {H$gr nmdVr H$mo ~r_mH$Vm© Ho$ {dê$Õ Bg ~mV Provided that where the insurer maintains one
propriate or more places of business in India, such notice
H$m {ZîH$fu gmú` _mZm OmEJm {H$ Cgo nmdVr go g§~§{YV
shall be delivered only at the place where the
Zmo{Q>g {d{YdV àmßV hþAm h¡& policy is being serviced.
cribe the
(8) A§VaU `m g_ZwXoeZ Ho$ {Z`_m| VWm eVm] Ho$ AYrZ, (6) The date on which the notice referred to in
that the
~r_mH$Vm© Ûmam, Cn-Ymam (5) _| g§X{^©V Zmo{Q>g H$s sub-section (5) is delivered to the insurer shall
ortionate
regulate the priority of all claims under a transfer
ncerned. àmpßV H$s {V{W go, nm°{bgr Ho$ A§VJ©V {hVbm^ Ho$ nmÌ or assignment as between persons interested in
sion on A§V[aVr `m g_ZwXo{eV H$s nhMmZ H$aoJm `m Eogm ì`pŠV the policy; and where there is more than one
cover as instrument of transfer or assignment the priority
CZ g^r Xm{`VmAm| VWm BpŠd{Q>`m| Ho$ AYrZ hmoJm, {OgH$m
mium or of the claims under such instruments shall be
{H$ A§VaU `m g_ZwXoeZ H$s {V{W H$mo A§VaUH$Vm© `m governed by the order in which the notices
g_ZwXoeH$ nmÌ Wm VWm dh nm°{bgr Ho$ g§~§Y _| H$moB© H$ma©dmB© referred to in sub-section (5) are delivered:
rt of the
d which H$a gH$Vm h¡, dh nm°{bgr Ho$ A§VJ©V F$U àmßV H$a gH$Vm Provided that if any dispute as to priority of
in such h¡ `m A§VaUH$Vm© `m g_ZwXoeH$ H$s gh_{V àmßV {H$E {~Zm payment arises as between assignees, the
nm°{bgr H$m Aä`n©U H$a gH$Vm h¡ `m Cgo Eogr H$ma©dmB© H$m dispute shall be referred to the Authority.
mation of EH$ nj ~Zm gH$Vm h¡& (7) Upon the receipt of the notice referred to in sub-
ed fund section (5), the insurer shall record the fact of
NAV) for
ñnîQ>rH$aU - {gdm` BgHo$ {H$ Ohm± Cn-Ymam (1) _| such transfer or assignment together with the
policy. g§X[^©V n¥îR>m§H$Z ñnîQ>> ê$n go CëboI H$aVm hmo {H$ date thereof and the name of the transferee or
g_ZwXoeZ `m A§VaU, `hm± Xr JB© Cn-Ymam (10) Ho$ the assignee and shall, on the request of the
are the person by whom the notice was given, or of the
rtially or A§VJ©V geV© h¡, àË`oH$ g_ZwXoeZ `m A§VaU H$mo nyU© g_ transferee or assignee, on payment of such fee
ce of the ZwXoeZ `m A§VaU _mZm OmEJm VWm g_ZwXo{eV `m A§V[aVr as may be specified by the regulations, grant a

an No. 752 LIC’s

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48of 46 Plan
Plan No.- 752
No. 752
 H$mo, H¡$gr ^r pñW{V hmo, H«$_e: nyU© g_ZwXo{eV `m A§V[aVr written acknowledgement of the receipt of such H$s e
_mZm OmEJm& notice; and any such acknowledgement shall be H$mo aÔ
conclusive evidence against the insurer that
9) ~r_m H$mZyZ (g§emoYZ) A{Y{Z`_ 2015 Ho$ Ama§^ hmoZo go he has duly received the notice to which such Ho$ ^m
acknowledgment relates. N>R>o n
nhbo {H$E JE {H$gr g_ZwXoeZ `m A§VaU go OrdZ ~r_m
H$s nm°{bgr Ho$ {H$gr g_ZwXo{eV `m A§V[aVr Ho$ A{YH$ma d (8) Subject to the terms and conditions of the 51. nm°{bg
transfer or assignment, the insurer shall, from
CnMma Bg Ymam Ho$ àmdYmZm| Ûmam à^m{dV Zht hm|Jo& the date of the receipt of the notice referred to H¡$b|S>
(10) {H$gr H$mZyZ Ho$ hmoZo Ho$ ~mdOyX `m J«mhH$ H$s H$mZyZ Ho$ in sub-section (5), recognize the transferee or h¡ `m
assignee named in the notice as the absolute ^r H¡$
à{VHy$b ~mÜ`Vm hmoZo na, ì`pŠV Ho$ nj _| g_ZwXoeZ Bg transferee or assignee entitled to benefit under
Xem _| {H$`m Om gH$Vm h¡ {H$ - the policy, and such person shall be subject to `{X C
all liabilities and equities to which the transferor h¡, V
E. nm°{bgr Ho$ A§VJ©V YZam{e nm°{bgr YmaH$ `m Zm{_V or assignor was subject at the date of the
ì`pŠV `m Zm{_V ì`pŠV`m| H$mo Cg Xem _| Xo` hmo gH$Vr transfer or assignment and may institute any {b`m
h¡ AJa g_ZwXo{eV `m A§V[aVr H$s _¥Ë`w ~r{_V ì`pŠV proceedings in relation to the policy, obtain a
52. nm°{bg
loan under the policy or surrender the policy
go nhbo hmo OmVr h¡; `m without obtaining the consent of the transferor ewê$ h
or assignor or making him a party to such JB© A
~r. ~r{_V ì`pŠV nm°{bgr H$s Ad{Y VH$ Or{dV ahVm h¡,
proceedings. Ad{Y
_mÝ` hmoJm:
Explanation – Except where the endorsement
~eV} g_ZwXo{eV nm°{bgr H$mo Aä`n©U H$aZo `m nm°{bgr na referred to in sub-section (1) expressly indicates 53. nm°{bg
F$U boZo H$m nmÌ Zht hmoJm& that the assignment or transfer is conditional h¡& Bg
in terms of subsection (10) hereunder, every nm°{bg
(11) Cn-Ymam (1) Ho$ A§VJ©V ~r_m nm°{bgr Ho$ Am§[eH$ assignment or transfer shall be deemed to be
g_ZwXoeZ `m A§VaU H$s Xem _|, ~r_mH$Vm© H$m Xm{`Ëd an absolute assignment or transfer and the 54. àr{_`
assignee or transferee, as the case may be, gwa{j
Am§{eH$ g_ZwXoeZ `m A§VaU Ûmam gwa{jV H$s JB© am{e shall be deemed to be the absolute assignee or
VH$ gr{_V hmoJm VWm Eogm nm°{bgr YmaH$ Cgr nm°{bgr Ho$ transferee respectively. Cëbo{
A§VJ©V Xo` eof am{e Ho$ {bE nwZ: g_ZwXoeZ `m A§VaU H$aZo am{e
(9) Any rights and remedies of an assignee or
H$m nmÌ Zht hmoJm& transferee of a policy of life insurance under 55. àr{_`
an assignment or transfer effected prior to
the commencement of the Insurance Laws {d{Z`
AZwb½ZH$ - 2 (Amendment) Act, 2015 shall not be affected by àm{ßV
the provisions of this section.
Zm_m§H$Z - ~r_m A{Y{Z`_ 1938 Ho$ AZwÀN>oX 39 Ho$ AZwgma, 56. àr{_`
(10) Notwithstanding any law or custom having the Xm¡amZ
(1) OrdZ ~r_m H$s nm°{bgr H$m YmaH$ AnZo OrdZ na, nm°{bgr force of law to the contrary, an assignment in
boVo g_` `m ^wJVmZ hoVw nm°{bgr Ho$ n[anŠd hmoZo go nhbo favour of a person made upon the condition 57. àñVm
{H$gr ^r g_`, {H$gr ì`pŠV `m ì`pŠV`m| H$mo Zm{_V H$a that-
àñVmd
gH$Vm h¡, {Ogo/{OÝh| CgH$s _¥Ë`w H$s pñW{V _| nm°{bgr a. The proceeds under the policy shall become
payable to the policyholder or the nominee or 58. {dewÕ
Ûmam g§a[jV am{e H$m ^wJVmZ {H$`m OmEJm&
nominees in the event of either the assignee ({~Zm
~eV} AJa Zm{_V ì`pŠV Ad`ñH$ hmo, Vmo nm°{bgr YmaH$ or transferee predeceasing the insured; or ^rVa
Ho$ {bE `h H$mZyZZ C{MV hmoJm {H$ ~r_mH$Vm© Ûmam {ZYm©[aV b. The insured surviving the term of the policy , g§~§Yr
VarHo$ go {H$gr ì`pŠV H$mo {Z`wŠV H$ao Omo {H$ Zm{_V ì`pŠV shall be valid: gw{Z{í
Ho$ Zm~m{bJ ahZo Ho$ Xm¡amZ nm°{bgr YmaH$ H$s _¥Ë`w hmoZo na Provided that a conditional assignee shall not
nm°{bgr Ûmam g§a{jV am{e H$mo àmßV H$a gHo$& be entitled to obtain a loan on the policy or 59. H$_ h
surrender a policy. VH$
(2) Eogo {H$gr Zm_m§H$Z H$mo à^mdr hmoZo Ho$ {bE, AJa dh
(11) In the case of the partial assignment or transfer bm°H$-
nm°{bgr H$s eãX `moOZm _| {ZJ{_V Zht h¡ Vmo Cgo ~r{_V
of a policy of insurance under sub-section (1), {X`m
H$aZo Ho$ {bE gy{MV nm°{bgr na n¥îR>m§H$Z VWm nm°{bgr go the liability of the insurer shall be limited to
g§~§{YV A{^boIm| _| CgHo$ Ûmam n§OrH$aU Ho$ _mÜ`_ go the amount secured by partial assignment 60. nm°{bg
{ZJ{_V {H$`m OmEJm, VWm Eogo H$moB© Zm_m§H$Z nm°{bgr Ho$ or transfer and such policyholder shall not be Ho$ H$
entitled to further assign or transfer the residual
n[anŠd hmoZo go nhbo {H$gr ^r g_` ^wJVmZ go nhbo {H$gr XñVmd
amount payable under the same policy.
n¥îR>m§H$Z `m dgr`V, H¡$gr ^r pñW{V hmo, Ûmam aÔ {H$E `m {hVb
~Xbo Om gH$Vo h¢, bo{H$Z AJa Bg àH$ma {ZañVrH$aU `m Annexure - 2 eVm] H
n[adV©Z Ho$ {bE ~r_mH$Vm© H$mo {b{IV _| gyMZm Z Xr JB© Nomination - As per Section 39 of the Insurance Am¡a A
Act 1938
hmo Vmo ~r_mH$Vm© nm°{bgr Ho$ A§VJ©V CgHo$ Ûmam dmñV{dH$ (1) The holder of a policy of life insurance on his na, ~
~ZmE JE nm°{bgr H$s eãX `moOZm _| Cëbo{IV `m ~r_mH$Vm© own life may, when effecting the policy or Ho$ ~ma
LIC’s SIIP
LIC’s SIIP Page4442ofof
Page 4846 Plan No.-
Plan No.752
752 LIC’s SIIP
 rporation Ho$ A{^boIm| _| n§OrH$¥V Zm_m§{H$V H$mo {H$gr ^wJVmZ Ho$ at any time before the policy matures for
{bE Xm`r Zht hmoJm& payment, nominate the person or persons to
whom the money secured by the policy shall
the Life (3) ~r_mH$Vm© Ûmam nm°{bgr YmaH$ H$mo Zm_m§H$Z Ho$ n§OrH¥$V H$amE be paid in the event of his death:
he time Provided that, where any nominee is a minor, it
OmZo `m CgHo$ {ZañVrH$aU `m ~Xb OmZo Ho$ ~mao _| {b{IV
earing on shall be lawful for the policy holder to appoint
ubmitted nmdVr XoJm VWm {d{Z`_m| Ûmam {d{ZYm©[aV Eogo {ZañVrH$aU any person in the manner laid down by the
`m n[adV©Z H$mo n§OrH¥$V H$aZo Ho$ {bE à^ma ^r bo insurer, to receive the money secured by policy
gH$Vm h¡& in the event of his death during the minority of
pleted 18
the nominee.
(4) Ymam 38 Ho$ AZwH«$_ _| nm°{bgr _| {H$gr A§VaU `m (2) Any such nomination in order to be effectual
ed at the g_ZwXoeZ go Zm_m§H$Z ñdV: aÔ hmo OmEJm: shall, unless it is incorporated in the text of the
providing policy itself, be made by an endorsement on
~eV} ~r_mH$Vm© H$mo nm°{bgr H$m g_ZwXoeZ, Omo {H$ the policy communicated to the insurer and
g_ZwXoeZ Ho$ g_` nm°{bgr na Omo{I_ H$m dhZ H$aVm registered by him in the records relating to the
e per unit hmo, Cg ~r_mH$Vm© Ûmam nm°{bgr H$s O_mZV na, CgHo$ policy and any such nomination may at any
time before the policy matures for payment
Aä`n©U _yë` `m nwZ: g_ZwXoeZ Ho$ A§VJ©V hmo, F$U ñdê$n be cancelled or changed by an endorsement
inating a H$s ^anmB© H$aZo na Zm_m§H$Z aÔ Zht hmoJm, bo{H$Z Zm{_V or a further endorsement or a will, as the case
minee(s)” may be, but unless notice in writing of any such
Ho$ A{YH$ma Ho$db Cg hX VH$ à^m{dV hm|Jo, {OVZm {H$
included/ cancellation or change has been delivered to
on should nm°{bgr _| ~r_mH$Vm© H$m {hV hmo:
the insurer, the insurer shall not be liable for
ection 39 ~eVo© {H$ nm°{bgr YmaH$ H$mo A§V[a{V `m g_ZwXo{eV Ûmam any payment under the policy made bonafide
ded from A{J«_ ê$n go {XE JE F$U Ho$ à{V\$b ñdê$n nm°{bgr H$m by him to a nominee mentioned in the text
of the policy or registered in records of the
A§VaU `m g_ZwXoeZ, Mmho `h nyU© hmo `m Am§{eH$, Zm_m§H$Z insurer.
inated by aÔ Zht hmoJm, bo{H$Z Zm_m§{H$V ì`pŠV Ho$ A{YH$mam| H$mo (3) The insurer shall furnish to the policy holder a
Assured) written acknowledgement of having registered
uthorised
Cgr hX VH$ à^m{dV H$aoJm Omo {H$ nm°{bgr _| A§V[aVr `m
a nomination or a cancellation or change
le under g_ZwXo{eV H$m {hV hmoJm: thereof, and may charge such fee as may be
ge to the ~eV} {H$ Zm_m§H$Z Omo {H$ A§VaU `m g_ZwXoeZ na CgHo$ specified by regulations for registering such
m. n[aUm_ñdê$n AnZo Amn aÔ hþAm hmo, dh Zm_m§H$Z g_ cancellation or change.
(4) A transfer or assignment of a policy made in
ch are not ZwXo{eV Ûmam nwZ: g_ZwXoeZ `m A§V[aVr Ûmam F$U Ho$ accordance with section 38 shall automatically
ts) during ^wJVmZ na {gdm` ~r_mH$Vm© H$mo nm°{bgr H$s O_mZV na, cancel a nomination:
nwZ: A§VaU go ñdV: nwZM©{bV hmo OmEJm& Provided that the assignment of a policy to the
asic Sum insurer who bears the risk on the policy at the
al period
(5) Ohm± nm°{bgr H$s ^wJVmZ hoVw n[anŠdVm Cg ì`pŠV Ho$ time of the assignment, in consideration of a
een paid OrdZH$mb _| hmoVr h¡, {OgHo$ OrdZ H$mo ~r{_V {H$`m J`m loan granted by that insurer on the security
of the policy within its surrender value, or its
premiums h¡ `m AJa Zm{_V ì`pŠV `m EH$ go A{YH$ Zm{_Vm| _| go
reassignment on repayment of the loan shall
erms and g^r H$s nm°{bgr Ho$ ^wJVmZ hoVw n[anŠd hmoZo go nhbo not cancel a nomination, but shall affect the
_¥Ë`w hmo OmVr h¡, dhm± nm°{bgr Ho$ A§VJ©V gwa{jV am{e H$m rights of the nominee only to the extent of the
ble to the ^wJVmZ nm°{bgr YmaH$ `m CgHo$ CÎmam{YH$m[a`m| `m H$mZyZr insurer’s interest in the policy:
the Unit Provided further that the transfer or
à{V{Z{Y`m| `m CÎmam{YH$ma à_mU-nÌ Ho$ YmaH$ H$mo, H¡$gr assignment of a policy, whether wholly or in
he policy.
^r pñW{V hmo, {H$`m OmEJm& part, in consideration of a loan advanced by
e charge the transferee or assignee to the policyholder,
of partial (6) Ohm± EH$ `m A{YH$ Zm{_V hm| VWm EH$ `m EH$ go A{YH$ shall not cancel the nomination but shall affect
icy term. Zm{_V, Cg ì`pŠV Ho$ ~mX Or{dV ahVo h¢, {OgHo$ OrdZ H$mo the rights of the nominee only to the extent
~r{_V {H$`m J`m h¡, Vmo nm°{bgr Ûmam gwa{jV H$s JB© am{e of the interest of the transferee or assignee, as
from the the case may be, in the policy:
y and the H$m ^wJVmZ Eogo CÎmaOrdr `m CÎmaOr{d`m| H$mo {H$`m OmEJm&
Provided also that the nomination, which has
er, till the (7) Bg Ymam Ho$ AÝ` àmdYmZm| Ho$ AYrZ, Ohm± ~r_m nm°{bgr been automatically cancelled consequent
Ho$ YmaH$ Zo AnZo OrdZ na AnZo _mVm/{nVm `m AnZo upon the transfer or assignment, the same
document nomination shall stand automatically revived
OrdZgmWr `m AnZo ~ÀMm| `m AnZo OrdZ gmWr Am¡a when the policy is reassigned by the assignee
ed by the ~ÀMm| `m CZ_| go {H$gr H$mo Zm{_V {H$`m hmo, Eogo Zm{_V or retransferred by the transferee in favour of
between the policyholder on repayment of loan other
Cn-Ymam (6) Ho$ A§VJ©V ~r_mH$Vm© Ûmam Xo` am{e Ho$
than on a security of policy to the insurer.
{bE bm^mWu hm|Jo, O~ VH$ {H$ `h gm{~V Zht hmoVm {H$ (5) Where the policy matures for payment during
policy.
nm°{bgr H$m YmaH$, nm°{bgr _| CgHo$ ñdm{_Ëd H$s àH¥${V Ho$ the lifetime of the person whose life is
rge which AZwgma Zm_m§{H$V H$mo Eogm bm^mWu ñdm{_Ëd àXmZ Zht H$a insured or where the nominee or, if there
ch policy are more nominees than one, all the
ling units gH$Vm h¡&
nominees die before the policy matures for
shall be (8) CnamoŠV H$ho JE Ho$ AYrZ, Ohm± Zm{_V `m AJa EH$ go payment, the amount secured by the policy

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752
 A{YH$ Zm{_V hm|, {OZ na Cn- Ymam (7) bmJy hmoVr h¡, shall be payable to the policyholder or his Ho$ bmJ
nm°{bgr Ûmam gwa{jV am{e Ho$ ^wJVmZ go nhbo, bo{H$Z Cg heirs or legal representatives or the holder
of a succession certificate, as the case may be. 25. {Z`V
ì`pŠV, {OgHo$ OrdZ H$mo ~r{_V {H$`m J`m h¡, Ho$ ~mX (6) Where the nominee or if there are more nm°{bg
_¥Ë`w hmo OmVr h¡ Vmo nm°{bgr Ûmam gwa{jV am{e `m _aZo nominees than one, a nominee or nominees
dmbo Zm{_V `m Zm{_{V`m|, H¡$gr ^r pñW{V hmo, Ho$ {hñgo survive the person whose life is insured, the 26. n¥ð>m§H$Z
amount secured by the policy shall be payable {ZJ_
H$m à{V{Z{YËd H$aZo dmbr nm°{bgr Ûmam gwa{jV am{e H$m to such survivor or survivors.
^wJVmZ Zm{_V `m Zm{_Vm| Ho$ CÎmam{YH$m[a`m| `m H$mZyZr (7) Subject to the other provisions of this section, n[adV
à{V{Z{Y`m| `m CÎmam{YH$ma à_mU-nÌ Ho$ YmaH$, H¡$gr ^r where the holder of a policy of insurance on his 27. {Z…ewë
own life nominates his parents, or his spouse,
pñW{V hmo, H$mo {H$`m OmEJm VWm do Eogr am{e H$mo nmZo Ho$ or his children, or his spouse and children, or eVm] A
{bE A{YH¥$V bm^mWu hm|Jo& any of them, the nominee or nominees shall be Ho$ Bb
beneficially entitled to the amount payable by ^r nh
(9) Cn-YmamAm| (7) Am¡a (8) _| Hw$N> ^r OrdZ ~r_m H$s {H$gr the insurer to him or them under sub-section
nm°{bgr H$s Am_X{Z`m| go {H$gr CYmaXmVm Ho$ A{YH$ma H$mo (6) unless it is proved that the holder of the
CZ e
ZîQ> `m g_mßV Zht H$aoJm& policy, having regard to the nature of his title to na Ho$
the policy, could not have conferred any such O¡gm {
(10) Cn-YmamAm| (7) Am¡a (8) Ho$ àmdYmZ ~r_m H$mZyZ beneficial title on the nominee. Cëbo{I
(g§emoYZ) A{Y{Z`_ 2015 Ho$ Ama§^ hmoZo Ho$ ~mX ^wJVmZ (8) Subject as aforesaid, where the nominee, or if
Ho$ {bE n[anŠd hmoZo dmbo OrdZ ~r_m H$s g^r nm°{b{g`m| there are more nominees than one, a nominee 28. \§$S> à
or nominees, to whom sub-section (7) applies,
na bmJy hm|Jo& die after the person whose life is insured but
Ho$ à{V
(11) Ohm± nm°{bgr YmaH$ H$s _¥Ë`w nm°{bgr Ho$ n[anŠd hmoZo Ho$ ~mX before the amount secured by the policy is g_m`m
paid, the amount secured by the policy, or so EZEdr
hþB© hmo, bo{H$Z nm°{bgr H$s Am` Am¡a {hVbm^ H$m ^wJVmZ much of the amount secured by the policy
Cgo CgH$s _¥Ë`w Ho$ H$maU Z hþE hm|, Vmo CgHo$ Ûmam Zm{_V as represents the share of the nominee or 29. AZwJ«h
CgH$s nm°{bgr Ho$ A§VJ©V Am_XZr Am¡a {hVbm^ H$mo nmZo nominees so dying (as the case may be), shall hoVw àX
H$m nmÌ hmoJm& be payable to the heirs or legal representatives
of the nominee or nominees or the holder of
{dbå~
(12) Bg Ymam Ho$ àmdYmZ OrdZ ~r_m H$s Eogr {H$gr nm°{bgr a succession certificate, as the case may be, VWm B
na bmJy Zht hm|Jo, {Og na Ymam 6, {ddm{hV ñÌr gån{Îm and they shall be beneficially entitled to such AZwgm
amount. à^mdr
A{Y{Z`_ 1874 bmJy hmoVm hmo `m H$^r bmJy {H$`m J`m hmo& (9) Nothing in sub-sections (7) and (8) shall operate
~eV} Ohm± ~r_m H$mZyZ (g§emoYZ) A{Y{Z`_, 2015 Ho$ to destroy or impede the right of any creditor 30. {ZpíM
to be paid out of the proceeds of any policy of
Ama§^ hmoZo go nhbo ~r{_V ì`pŠV H$s nËZr `m CgH$s nËZr life insurance.
Ho$ ê$n
VWm ~ÀMm| `m CZ_| go {H$gr Ho$ nj _| A{^ì`ŠV ê$n go (10) The provisions of sub-sections (7) and (8) shall nyam hm
Zm_m§H$Z {H$`m J`m hmo, Mmho dh nm°{bgr na A§{H$V hmo `m apply to all policies of life insurance maturing XñVmd
Zht, O¡gm {H$ Bg Ymam Ho$ A§VJ©V {H$`m J`m h¡, H${WV Ymam for payment after the commencement of the
Insurance Laws (Amendment) Act, 2015. 31. Mmby n
6 nm°{bgr na bmJy Zht _mZr OmEJr `m bmJy Zht hmoJr& (11) Where a policyholder dies after the maturity àr{_`_
of the policy but the proceeds and benefit of
his policy has not been made to him because
go nao
AZwb½ZH$ - 3 of his death, in such a case, his nominee shall 32. {H$ñV
~r_m A{Y{Z`_ 1938 Ho$ AZwÀN>oX 45 Ho$ AZwgma: be entitled to the proceeds and benefit of his
policy. Ûmam M
(1) OrdZ ~r_m H$s {H$gr ^r nm°{bgr na nm°{bgr H$s VmarI (12) The provisions of this section shall not apply {H$`m O
go VrZ df© H$s Ad{Y g_mßV hmoZo Ho$ ~mX {H$gr ^r AmYma to any policy of life insurance to which section
6 of the Married Women’s Property Act, 1874, 33. AmB©A
na H$moB© gdmb Zht CR>m`m OmEJm, AWm©V nm°{bgr Ho$ Omar applies or has at any time applied; {dH$mg
hmoZo H$s VmarI go `m OmopI_ Ho$ Ama§^ hmoZo H$s VmarI go Provided that where a nomination made àm{YH$
`m nm°{bgr Ho$ nwZM©bZ H$s VmarI go `m nm°{bgr Ho$ {bE whether before or after the commencement
of the Insurance Laws (Amendment) Act, 2015, 34. ~r{_V
amBS>a Omo‹S>o OmZo H$s VmarI go, Omo ^r ~mX _| hmo& in favour of the wife of the person who has ñdrH$m
(2) YmoImY‹S>r Ho$ AmYma na OrdZ ~r_m H$s {H$gr ^r nm°{bgr insured his life or of his wife and children or
any of them is expressed, whether or not on 35. bm°H$-
na nm°{bgr Ho$ Omar hmoZo H$s VmarI go `m OmopI_ Ho$ Ama§^ the face of the policy, as being made under this go bJ
hmoZo H$s VmarI go `m nm°{bgr Ho$ nwZM©bZ H$s VmarI go `m section, the said section 6 shall be deemed not
to apply or not to have applied to the policy. {gdm`
nm°{bgr Ho$ {bE amBS>a Omo‹S>o OmZo H$s VmarI go, Omo ^r ~mX
àm{ßV`
_| hmo, VrZ dfm] Ho$ ^rVa {H$gr ^r g_` gdmb CR>m`m Om
gH$Vm h¡: Annexure - 3 36. n{an¹
~eV} {H$ ~r_mH$Vm© H$mo {bpIV _| ~r{_V ì`pŠV `m ~r{_V Section 45 as per the Insurance Act 1938 XñVmd
ì`pŠV Ho$ {d{YH$ à{V{Z{Y`m| `m Zm{_{V`m| `m g_ZwXo{e{V`m| (1) No policy of life insurance shall be called in 37. ^m¡{VH
LIC’s
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46 Plan
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752 LIC’s SIIP
 mination H$mo CZ AmYmam| Am¡a VÏ`m| Ho$ ~mao {b{IV _| gy{MV H$aZm question on any ground whatsoever after the
poser on hmoJm, {OZ na Eogm {ZU©` AmYm[aV h¡& expiry of three years from the date of the policy,
or, to the i.e. from the date of issuance of the policy or
d on the ñnîQ>rH$aU I- Bg CnYmam Ho$ CÔoí`m| Ho$ {bE, ""YmoImYS>r>'' the date of commencement of risk or the date
that are eãX H$m _Vb~ ~r{_V ì`pŠV `m CgHo$ EO|Q> Ûmam ~r_mH$Vm© of revival of the policy or the date of the rider to
ormation H$mo YmoIm XoZo `m ~r_mH$Vm© H$mo OrdZ ~r_m nm°{bgr Omar the policy, whichever is later.
quired in (2) A policy of life insurance may be called in
H$aZo Ho$ {bE CH$gmZo H$s _§em go {H$E JE {ZåZm§{H$V _| go
cy of the question at any time within three years from
{H$gr ^r H$m`© go h¡:-
the date of issuance of the policy or the date of
nsurance (E) VÏ` Ho$ ê$n _| {H$gr Eogo {dMma H$m gwPmd XoZm Omo gË` commencement of risk or the date of revival of
r Section Zht h¡ Am¡a {Ogo ~r{_V ì`pŠV gË` Zht _mZVm h¡; the policy or the date of the rider to the policy,
, 1956. whichever is later on the ground of fraud:
(~r) ~r{_V ì`pŠV Ûmam {H$gr VÏ` H$mo g{H«$` ê$n go {N>nmZm
the start Provided that the insurer shall have to
O~{H$ Cgo Cg VÏ` H$m kmZ hmo `m CgH$s dmñV{dH$Vm
communicate in writing to the insured or the
H$m {dœmg hmo; legal representatives or nominees or assignees
the date of the insured the grounds and materials on
e risk for
(gr) H$moB© Am¡a H¥$Ë` Omo YmoIm XoZo Ho$ {bE Cn`wŠV hmo; Am¡a
which such decision is based.
Schedule (S>r)Eogm H$moB© H¥$Ë` `m ^yb-MyH$ {Ogo H$mZyZ Ûmam {d{eîQ>
Explanation I- For the purposes of this sub-
ê$n go YmoImY‹S>r Kmo{fV {H$`m J`m hmo& section, the expression “fraud” means any of
which the ñnîQ>rH$aU II- Eogo VÏ`m| Ho$ ~mao _| _mÌ _m¡Z ahZm {OZgo the following acts committed by the insured
Assured/ or by his agent, with the intent to deceive the
licy or on
~r_mH$Vm© Ûmam OmopI_ Ho$ _yë`m§H$Z Ho$ à^m{dV hmoZo H$s
insurer or to induce the insurer to issue a life
e of non- g§^mdZm hmo, V~ VH$ YmoImYS>r Zht h¡, O~ VH$ {H$ _m_bo insurance policy:-
e during H$s n[apñW{V`m± Eogr Z hm| {H$ `{X CZ na Ü`mZ {X`m OmE,
(a) the suggestion, as a fact of that which is not
Vmo ~r{_V ì`pŠV `m CgHo$ EO|Q> H$m `h H$Îm©ì` h¡ {H$ dh true and which the insured does not believe
e when a ~mobZo go _m¡Z aho `m O~ VH$ {H$ CgH$m _m¡Z ahZm AnZo to be true;
ted as a Amn _| hr ~mobZo Ho$ g_Vwë` Z hmo& (b) the active concealment of a fact by the
(3) CnYmam (2) _| H$moB© ^r ~mV em{_b hmoVo hþE ^r, H$moB© insured having knowledge or belief of the
ecified in fact;
~r_mH$Vm© YmoImYS>r Ho$ AmYma na {H$gr OrdZ ~r_m nm°{bgr
expires.
H$mo AñdrH¥$V Zht H$aoJm, `{X ~r_mH$Vm© `h à_m{UV H$a (c) any other act fitted to deceive; and
ge of the gH$Vm h¡ {H$ JbV~`mZr `m _hËdnyU© VÏ` H$mo {N>nm`m
e Date of (d) any such act or omission as the law specially
OmZm CgH$s gdm}Îm_ OmZH$mar Am¡a {dœmg Ho$ AZwgma gË` declares to be fraudulent.
he policy
mediately Wm `m `h {H$ Cg VÏ` H$mo {N>nmE OmZo H$s H$moB© OmZ ~yP Explanation II- Mere silence as to facts likely to
f age. On H$a _§em Zht Wr `m `h {H$ JbV~`mZr `m _hËdnyU© VÏ` affect the assessment of the risk by the insurer
eemed to H$mo {N>nm`m OmZm ~r_mH$Vm© H$s OmZH$mar _| Wm: is not fraud, unless the circumstances of the
n and the case are such that regard being had to them, it
come the ~eV} {H$ YmoImYS>r H$s pñW{V _| `{X nm°{bgrYmaH$ Or{dV is the duty of the insured or his agent, keeping
proposer Zht h¡, Vmo PyR> H$mo JbV gm{~V H$aZo H$m Xm{`Ëd bm^m{W©`m| silence to speak, or unless his silence is, in itself,
right or na hmoVm h¡& equivalent to speak.

ñnîQ>rH$aU - H$moB© ì`pŠV, Omo ~r_m Ho$ AZw~§Y H$s _m±J (3) `Notwithstanding anything contained in subsec-
which is tion (2), no insurer shall repudiate a life insur-
H$aVm h¡ `m ~mVMrV H$aVm h¡, dh AZw~§Y H$aZo Ho$ à`moOZ ance policy on the ground of fraud if the insured
stated in
Ho$ {bE ~r_mH$Vm© H$m EO|Q> g_Pm OmEJm& can prove that the misstatement of or suppres-
sion of a material fact was true to the best of
filled by (4) OrdZ ~r_m H$s {H$gr ^r nm°{bgr na nm°{bgr Ho$ Omar hmoZo
his knowledge and belief or that there was no
maturity / H$s VmarI go `m OmopI_ Ho$ Ama§^ hmoZo H$s VmarI go `m deliberate intention to suppress the fact or that
olicy. nm°{bgr Ho$ nwZM©bZ H$s VmarI go `m nm°{bgr Ho$ {bE amBS>a such misstatement of or suppression of a mate-
olicy that Omo‹S>o OmZo H$s VmarI go, Omo ^r ~mX _| hmo, Bg AmYma na rial fact are within the knowledge of the insurer:
he policy {H$ ~r_mH$Vm© Ho$ OrdZ H$s àË`mem Ho$ ~mao _| _hËdnyU© VÏ` Provided that in case of fraud, the onus of
premium Ho$ {H$gr H$WZ H$mo {N>nmZo H$m H$WZ àñVmd _| `m AÝ` disproving lies upon the beneficiaries, in case
XñVmdoµO na JbV T>§J go {H$`m J`m Wm {OgHo$ AmYma na the policyholder is not alive.
evied on nm°{bgr Omar H$s JB© Wr `m nwZM©{bV H$s JB© Wr `m amBS>a Explanation – A person who solicits and
uance. negotiates a contract of insurance shall be
Omar {H$`m J`m Wm, VrZ dfm] Ho$ ^rVa {H$gr ^r g_`
ated fund deemed for the purpose of the formation of the
gdmb CR>m`m Om gH$Vm h¡: contract, to be the agent of the insurer.
Unit Fund
nsurance ~eV} {H$ ~r_mH$Vm© H$mo {bpIV _| ~r{_V ì`pŠV `m ~r{_V (4) A policy of life insurance may be called in
n period. ì`pŠV Ho$ {d{YH$ à{V{Z{Y`m| `m Zm{_{V`m| `m g_ZwXo{e{V`m| question at any time within three years from

an No. 752 LIC’s

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Plan No.- 752
No. 752
 H$mo CZ AmYmam| Am¡a VÏ`m| Ho$ ~mao _| gy{MV H$aZm hmoJm, the date of issuance of the policy or the date of
{OZHo$ AmYma na OrdZ ~r_m nm°{bgr H$mo AñdrH¥$V H$m Eogm commencement of risk or the date of revival of
the policy or the date of the rider to the policy, Bg nm°{bgr
{ZU©` {b`m J`m h¡& whichever is later, on the ground that any {ZåZmZwgma
~eV} _hËdnyU© VÏ` H$s JbV~`mZr `m {N>nmZo Ho$ AmYma na statement of or suppression of a fact material
to the expectancy of the life of the insured 1. Am`w nm
nm°{bgr H$mo AñdrH¥$V H$aZo H$s pñW{V _|, Z {H$ YmoImYS>r was incorrectly made in the proposal or other ~r{_V
Ho$ AmYma na, AñdrH¥$V H$s VmarI VH$ nm°{bgr na {bE JE document on the basis of which the policy was Am`w 3
àr{_`_ ~r{_V ì`pŠV `m {d{YH$ à{V{Z{Y`m| `m Zm_m§{H$V issued or revived or rider issued:
2. XþK©Q>Zm
ì`pŠV`m| `m g_ZwXo{e{V`m| H$mo Eogo AñdrH¥${V H$s VmarI go Provided that the insurer shall have to
communicate in writing to the insured or the {hVbm^
Zã~o {XZm| H$s Ad{Y Ho$ ^rVa AXm {H$E OmE±Jo& legal representatives or nominees or assignees bmJV g
ñnîQ>rH$aU - Bg CnYmam Ho$ à`moOZm| Ho$ {bE VÏ` H$m of the insured the grounds and materials on H$a `y{Z
which such decision to repudiate the policy of OmZo dm
{_Ï`m H$WZ `m {N>nm`m OmZm V~ VH$ _hËdnyU© Zht g_Pm life insurance is based:
OmEJm O~ VH$ ~r_mH$Vm© Ûmam ñdrH$ma {H$E JE OmopI_ na 3. XþK©Q>Zm
Provided further that in case of repudiation of
BgH$m grYm à^md Zht n‹S>Vm hmo, ~r_mH$Vm© na `h à_m{UV the policy on the ground of misstatement or H$s eV
H$aZo H$m Xm{`Ëd h¡ {H$ `{X ~r_mH$Vm© CŠV VÏ` go AdJV suppression of a material fact, and not on the H$maU ~
ground of fraud the premiums collected on the EbAmB
hmoVm, Vmo ~r{_V ì`pŠV H$mo H$moB© OrdZ ~r_m nm°{bgr Omar
policy till the date of repudiation shall be paid
Zht H$s OmVr& to the insured or the legal representatives or
MwZm J`
nominees or assignees of the insured within 4. {Z`wŠV
(5) Bg Ymam _| em{_b H$moB© ^r ~mV ~r_mH$Vm© H$mo {H$gr ^r
a period of ninety days from the date of such
g_` Am`w H$m à_mU _m§JZo go amoH$ Zht gHo$Jr `{X dh Eogm {ZYm©[aV
repudiation.
H$aZo H$m hH$Xma hmo, Am¡a {H$gr ^r nm°{bgr H$mo {gµ\©$ Bg hmoVo h¢
Explanation - For the purposes of this sub-
hmoVm/h
H$maU àíZJV {H$`m J`m Zht g_Pm OmEJm {H$ nm°{bgr H$s section, the misstatement of or suppression of
eV] ~mX _| `h à_m{UV {H$E OmZo na R>rH$ H$a br JB© h¢ fact shall not be considered material unless it 5. dm{f©H$s
has a direct bearing on the risk undertaken by H$s Hw$b
{H$ ~r{_V ì`pŠV$ H$s Am`w àñVmd _| JbV ~VmB© JB© Wr& the insurer, the onus is on the insurer to show
that had the insurer been aware of the said fact 6. g_ZwXo{
no life insurance policy would have been issued na A{Y
to the insured.
(5) Nothing in this section shall prevent the
7. g_ZwXoe
insurer from calling for proof of age at any time hñVm§Va
if he is entitled to do so, and no policy shall Ho$ AZwÀ
be deemed to be called in question merely Ho$ AZwê
because the terms of the policy are adjusted
on subsequent proof that the age of the life 8. _yb nm°{
insured was incorrectly stated in the proposal. H$hm O
{Og_|
{hVbm^
9. _yb ~r_
nm°{bgr
10. bm^mW
Bg nm°{
bm^mW
ì`pŠV
1938
g_`-g
AZwÀN>oX
`m àem
^maVr`
AnZr g
A{YH$m
11. ì`mdgm
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No. 752 LIC’s SIIP