### Profit Plus(T-188) A Unit Plan of LIC.....

### Profit Plus(T-188) A Unit Plan of LIC.....
========================================
“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER”

* It is a unit linked Endowment plan where the premium payment term (PPT) is limited to single lump sum, or uniformly over 3, 4 or 5 years. You can choose the level of cover within the limits, which will depend on whether the policy is a Single premium or Limited premium contract, term chosen and on the level of premium you agree to pay.

Four types of investment Funds are offered. Premiums paid after allocation charge will purchase units of the Fund type chosen. The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).

1.Payment of Premiums: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the premium paying term of 3, 4 or 5 years. Alternatively, a Single premium can be paid .

2 . Eligibility Conditions and Other Restrictions:
(a) Minimum Age at entry - 0 (age last birthday)
(b) Maximum Age at entry - 65 years (age nearer birthday)
(c) Minimum Maturity Age - 18 years (completed)
(d) Maximum Maturity Age - 75 years nearest birthday
(e) Policy Term -
For premium paying term 3 and 4 yrs: [10 to 20] years
For premium paying term 5 yrs: [10, 15 to 20] years
For single premium: [5 to 20] years

(f) Minimum Premium -
Rs. [15,000] p.a. for Limited premium Paying Term policies (other than monthly (ECS) mode.
Rs. [1,500] p.m. for monthly (ECS) mode
Rs. [40,000] p.a. for Single premium policies
(g) Sum Assured under the Basic Plan -
Regular premium : 5 times the annualized premium
Single Premium :
Minimum Sum assured :
1.25 times the single premium.
Maximum Sum assured :
If Critical Illness Benefit Rider is opted for:
5 times the Single premium if age at maturity is upto 55 years.
3 times the Single premium if age at maturity is 56 to 60 years.
If Critical Illness Benefit Rider is not opted for:
5 times the Single premium if age at maturity is upto 65 years.
3 times the Single premium if age at maturity is 66 to 70 years.
2.5 times the Single premium if age at maturity is 71 years and above.

Where the minimum Sum Assured is not in the multiples of Rs. 5,000, it will be rounded off to the next multiple of Rs. 5,000. Annualized Premiums shall be payable in multiple of Rs. 1,000 for other than ECS monthly. For monthly (ECS), the premium shall in multiples of Rs. 250/-.

Commencement of risk in case of minor: Risk will commence either after 2 years from the date of commencement of policy or from the policy anniversary coinciding with or immediately following the completion of 7 years of age, whichever is later in case the age at entry of the life assured is less than or equal to 10 years. Where the age at entry is more than 10 years but less than 12 years, the risk shall commence from the policy anniversary coinciding with or next following 12th birthday of the Life Assured. In case of minors aged 12 years or more risk will commence immediately.

3. Other Features:
i) Partial Withdrawals: Youmay encash the units partially after the third policy anniversary subject to the following:

In case of minors, partial withdrawals shall be allowed from the policy anniversary coinciding with or next following the date on which the life assured attains majority (i.e. on or after 18th birthday).
Partial withdrawals may be in the form of fixed amount or in the form of fixed number of units.
For 2 years’ period from the date of withdrawal, the Sum Assured under the Basic plan shall be reduced to the extent of the amount of partial withdrawals made.
Under Limited Premium Paying Term policies where less than 3 years’ premiums have been paid and further premiums are not paid, the partial withdrawals shall not be allowed.
Under Limited Premium Paying Term policies where atleast 3 years’ premiums have been paid, partial withdrawal will be allowed subject to Policyholder’s Fund Value being at least Rs. 10000/-.
Under Single Premium policies, the partial withdrawal will be allowed subject to a minimum balance of Rs. 5000/- in the Policyholder’s Fund Value.
ii) Switching: You can switch between any fund types for the entire Fund Value during the policy term subject to switching charges, if any.

iii) Discontinuance of premiums: If premiums are payable either yearly, half-yearly, quarterly or monthly (ECS) and the same have not been duly paid within the days of grace under the Policy, the Policy will lapse. A lapsed policy can be revived during the period of two years from the due date of first unpaid premium.

I) Where atleast 3 years’ premiums have been paid, the Life Cover, Accident Benefit and Critical Illness Benefit riders, if any, shall continue during the revival period.

During this period, the charges for Mortality, Accident Benefit and / or Critical Illness Benefit cover, if any, shall be taken, in addition to other charges, by cancelling an appropriate number of units out of the Policyholder’s Fund Value every month. This will continue to provide relevant risk covers for:

two years from the due date of first unpaid premium, or
till the date of maturity, or
till such period that the Policyholder’s Fund Value reduces to Rs. 5,000/-,
whichever is earlier.

The benefits payable under the policy in different contingencies during this period shall be as under:

In case of Death: Higher of Sum Assured under the Basic Plan or the Policyholder’s Fund Value. The Sum Assured shall be subject to provisions of Partial Withdrawals made, if any.
In case of Death due to accident: Accident Benefit Sum Assured in addition to the amount under A above, if Accident Benefit is opted for.
In case of Critical Illness claim: Critical Illness Rider Sum Assured, if opted for.
On maturity: The Policyholder’s Fund Value.
In case of Surrender (including Compulsory Surrender): The Policyholder’s Fund Value. The Surrender value, however, shall be paid only after the completion of 3 policy years.
In case of Partial Withdrawals: For 2 years period from the date of withdrawal, the sum assured under the basic plan shall be reduced to the extent of the amount of partial withdrawals made.

II) Where the policy lapses without payment of at least 3 years’ premiums, the Life Cover, Accident Benefit and/or Critical Illness Benefit rider covers, if any, shall cease and no charges for these benefits shall be deducted. However, deduction of all the other charges shall continue. The benefits under such a lapsed policy shall be payable as under:
In case of Death: The Policyholder’s Fund Value.


In case of death due to accident: Only, the amount as under G above.
In case of Critical Illness claim: Nil
In case of Surrender (including Compulsory Surrender): Policyholder’s Fund Value / monetary value as the case may be, shall be payable after the completion of the third policy anniversary. No amount shall be payable within 3 years from the date of commencement of policy.
In case of Partial withdrawal: Partial Withdrawals shall not be allowed under such a policy even after completion of 3 years period.


iv) Revival: If due premium is not paid within the days of grace, the policy lapses. A lapsed policy can be revived during the period of two years from the due date of first unpaid premium or before maturity, whichever is earlier. The period during which the policy can be revived will be called “Period of revival” or “revival period”.

If premiums have not been paid for at least 3 full years, the policy may be revived within two years from the due date of first unpaid premium. The revival shall be made on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium without interest.

If atleast 3 full years’ premiums have been paid and subsequent premiums are not paid, the policy may be revived within two years from the due date of first unpaid premium but before the date of maturity. No proof of continued insurability shall be required but all arrears of premium without interest shall be required to be paid.

The Corporation reserves the right to accept the revival at its own terms or decline the revival of a lapsed policy. The revival of a lapsed policy shall take effect only after the same is approved by the Corporation and is specifically communicated in writing to the Proposer / Life Assured.

Irrespective of what is stated above, if less than 3 years’ premiums have been paid and the Policyholder’s Fund Value is not sufficient to recover the charges, the policy shall be terminated and thereafter revival will not be entertained. If 3 years’ or more than 3 years’ premiums have been paid and the Policyholder’s Fund Value reduces to Rs. 5000/-, the policy shall terminate and Policyholder’s Fund Value as on such date shall be refunded to the Life Assured and thereafter revival will not be allowed.

v) Settlement Option: When the policy comes for maturity, you may exercise “Settlement Option” and may receive the policy money in instalments spread over a period of not more than five years from the date of maturity. There shall not be any life cover during this period. The value of installment payable on the date specified shall be subject to investment risk i.e. the NAV may go up or down depending upon the performance of the fund.

4.Reinstatement:
A policy once surrendered cannot be reinstated.

5.Risks borne by the Policyholder:

LIC’s Profit Plus is a Unit Linked Life Insurance products which is different from the traditional insurance products and are subject to the risk factors.
The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
Life Insurance Corporation of India is only the name of the Insurance Company and LIC’s Profit Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
All benefits under the policy are also subject to the Tax Laws and other financial enactments as they exist from time to time.
6.Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to us within 15 days.

7.Loan:
No loan will be available under this plan.

8.Assignment:
Assignment will be allowed under this plan.

9.Exclusions:
In case the Life Assured commits suicide at any time within one year, the Corporation will not entertain any claim by virtue of the policy except to the extent of the Fund Value of the units held in the Policyholder’s Fund Value on death.

### Unit plans are...

### Unit plans are...
=================
1 Market Plus I
2 Profit Plus
3 Money Plus-I
4 Child Fortune Plus
5 Jeevan Saathi Plus

### Unit plans...

### Unit plans...
==============
*Unit plans are investment plans for those who realise the worth of hard-earned money.
*These plans help you see your savings yield rich benefits and help you save tax even if you don't have consistent income.

#### LIC's Marriage Endowment Or Educational Annuity Plan(Benefits)...

#### LIC's Marriage Endowment Or Educational Annuity Plan(Benefits)...
==================================================================

Death Benefit:
-------------
The Sum Assured plus accrued bonuses up to maturity is payable on maturity even though death occurs during policy term. This may be paid in a lump sum or in ten half-yearly instalments at the option of the beneficiary.

Maturity Benefit:
----------------
The Sum Assured plus all bonuses declared up to maturity date is payable on survival to the end of the term either in a lump sum or in ten half-yearly installments, as opted by you.

Supplementary/Extra Benefits:
----------------------------
These are the optional benefits that can be added to your basic plan for extra protection/option. An additional premium is required to be paid for these benefits.

Surrender Value:
----------------
Buying a life insurance contract is a long-term commitment. However, surrender value will be available under the plan on earlier termination of the contract.

Guaranteed Surrender Value:
--------------------------
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium.

Corporation’s policy on surrenders:
----------------------------------
In practice, the Corporation will pay a Special Surrender Value – which is either equal to or more than the Guaranteed Surrender Value. The benefit payable on surrender reflects the discounted value of the reduced claim amount that would be payable at maturity. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the surrender value payable may be less than the total premium paid.

The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors.

Note: The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.

*** LIC's Marriage Endowment Or Educational Annuity Plan...

*** LIC's Marriage Endowment Or Educational Annuity Plan...
-----------------------------------------------------------

Product summary:
--------------
This is an Endowment Assurance plan that provides for benefits on or from the selected maturity date to meet the Marriage/Educational expenses of the named child.

Premiums:
--------
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.

Bonuses:
--------
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. Such bonuses are to be added till maturity even if the life assured dies before the maturity date. Final (Additional) Bonus may also be payable provided a policy is of a certain minimum term.

### LIC’s Special Plans ....

### LIC’s Special Plans ....
* LIC’s Special Plans are not plans but opportunities that knock on your door once in a lifetime.
* These plans are a perfect blend of insurance, investment and a lifetime of happiness!

### LIC's Jeevan Saral (Premiums,Loyalty Additions)...

### LIC's Jeevan Saral (Premiums,Loyalty Additions)...
==================================================
Premiums:
--------
Premiums are payable yearly, half-yearly, quarterly, or monthly through salary deductions as opted by you throughout the term of the policy or till earlier death.

Loyalty Additions:
-----------------
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death benefit or maturity benefit. Loyalty Additions may be payable from the 10th year onwards depending upon the experience of the Corporation.

### LIC's Jeevan Saral (A Special Plan)....

### LIC's Jeevan Saral (A Special Plan)....
---------------------------------------
Product Summary:
----------------
*This is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment.
*The plan provides financial protection against death throughout the term of the plan.
* The death benefit is directly related to the premiums paid.
* The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term.
*It also offers the flexibility of term and a lot of liquidity.

### Statutory warning....

###Statutory warning....
*Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business.
* If your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on this page.
* If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns.
* These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.

### LIC's Child Future Plan(Benefits)....

### LIC's Child Future Plan(Benefits)....
-----------------------------------
Death Benefit:
In case of death of the life assured before the commencement of risk, the policy shall stand cancelled and premiums paid (excluding the Premium for Premium waiver Benefit ) under the policy will be refunded. However, if death occurs after the commencement of risk but before the policy matures, the full Sum Assured plus Guaranteed Additions together with Loyalty Additions, if any, is payable.
------------------------------------
Maturity Benefit:
The Guaranteed Additions together with Loyalty Additions, if any, is payable in a lump sum on survival to the end of the policy term.
------------------------------------
Premium Waiver Benefit:
This is an optional benefit that can be added to your basic plan. An additional premium is required to be paid for this benefit. By payment of this additional premium, the proposer can secure the benefit of cessation of premiums from his/her death to the end of the deferment period. The deferment period for this purpose is to be taken as 18 minus age at entry of child.
-----------------------------------
Surrender Value:
Buying a life insurance contract is a long-term commitment. However, surrender value is available on the plan on earlier termination of the contract.
-----------------------------------
Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The Guaranteed Surrender Value before the date of commencement of risk is 90% of the premiums paid excluding the premiums paid during the first year and any extra premium paid. After the date of commencement of risk, the Guaranteed Surrender Value is 90% of the premiums paid before the date of commencement of risk excluding the premiums paid during the first year and any extra premium paid plus 30% of the premiums paid after the date of commencement of risk.
------------------------------------------------------------------------------------

#### LIC's Komal Jeevan....

Survival Benefit:

*The percentage of sum assured as mentioned below will be paid on survival to the end of specified durations:



On the policy anniversary
immediately following
the Life assured attains
the age of ----% of Sum Assured

18 years -------20%
20 years--------20%
22 years -------30%
24 years ------30%

### LIC's Child Future Plan(Features)....

### LIC's Child Future Plan(Features)....

Introduction:
*This plan is specially designed to meet the increasing educational, marriage and other needs of growing children.
* It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term).
* A number of Survival benefits are payable on surviving by the life assured to the end of the specified durations.

Options:
*You may choose Sum Assured (S.A.), Maturity Age, Policy Term, Mode of Premium payment and Premium Waiver Benefit.

Payment of Premiums:
*You may pay the premiums regularly at yearly, half-yearly, quarterly or through Salary deductions over the term of policy.
* Premiums may be paid either for 6 years or upto 5 years before the policy term.

### LIC's Child Future Plan(Survival Benefit)....

### LIC's Child Future Plan....

Survival Benefit:

On life assured surviving to the end of the specified durations an amount specified below is payable: 5 years before the date of expiry of policy term - 25% of the Sum Assured
4 years before the date of expiry of policy term - 10% of the Sum Assured
3 years before the date of expiry of policy term - 10% of the Sum Assured
2 years before the date of expiry of policy term - 10% of the Sum Assured
1 years before the date of expiry of policy term - 10% of the Sum Assured
On the date of expiry of policy term - 50% of the Sum Assured along with vested Simple Reversionary Bonuses and Final (Additional) Bonus, if any.

***LIC's FUTURE PLUS (172) NAV as on date 24/06/2010....

***LIC's FUTURE PLUS (172) NAV as on date 24/06/2010....

BOND FUND
10
013.7516
013.7516
013.7516

INCOME FUND
10
015.9932
015.9932
015.9932

BALANCED FUND
10
017.0886
017.0886
017.0886

GROWTH FUND
10
022.7149
022.7149
022.7149

*** LIC's NAV'S AS ON DATE 24/06/2010....

*** LIC's NAV'S AS ON DATE 24/06/2010....


BASIC UNIT VALUE
NAV AS ON DATE
REPURCHASE VALUE
SALE VALUE

BIMA PLUS (140)


SECURED FUND
10
030.7861
029.2468
030.7861

BALANCED FUND
10
038.6523
036.7197
038.6523

RISK FUND
10
056.2257
053.4144
056.2257

***LIC's BIMA PLUS (140)NAV as on date 24/06/2010....

***LIC's BIMA PLUS (140)NAV as on date 24/06/2010....

SECURED FUND
10
030.7861
029.2468
030.7861

BALANCED FUND
10
038.6523
036.7197
038.6523

RISK FUND
10
056.2257
053.4144
056.2257

***LIC's FUTURE PLUS (172)NAV as on date 24/06/2010....

***LIC's FUTURE PLUS (172)NAV as on date 24/06/2010....
BOND FUND
10
013.7516
013.7516
013.7516

INCOME FUND
10
015.9932
015.9932
015.9932

BALANCED FUND
10
017.0886
017.0886
017.0886

GROWTH FUND
10
022.7149
022.7149
022.7149

***LIC's MARKET PLUS (181) NAV as on date 24/06/2010....

***LIC's MARKET PLUS (181) NAV as on date 24/06/2010....
BOND FUND
10
014.2211
014.2211
014.2211

SECURED FUND
10
014.1128
014.1128
014.1128

BALANCED FUND
10
014.0658
014.0658
014.0658

GROWTH FUND
10
014.8238
014.8238
014.8238

***LIC's MONEY PLUS (180) NAV as on date 24/06/2010....

***LIC's MONEY PLUS (180) NAV as on date 24/06/2010....
BOND FUND
10
013.1894
013.1894
013.1894

SECURED FUND
10
012.9540
012.9540
012.9540

BALANCED FUND
10
013.0963
013.0963
013.0963

GROWTH FUND
10
011.7183
011.7183
011.7183

***LIC's PROFIT PLUS(188)NAV as on date 24/06/2010....

***LIC's PROFIT PLUS(188)NAV as on date 24/06/2010....



BOND FUND
10
012.9049
012.9049
012.9049

SECURED FUND
10
012.4262
012.4262
012.4262

BALANCED FUND
10
013.0177
013.0177
013.0177

GROWTH FUND
10
011.3766
011.3766
011.3766

*** LIC'S NAV'S AS ON DATE 24/06/2010....

*** LIC'S NAV'S AS ON DATE 24/06/2010....


BASIC UNIT VALUE
NAV AS ON DATE
REPURCHASE VALUE
SALE VALUE

BIMA PLUS (140)

SECURED FUND
10
030.7861
029.2468
030.7861

BALANCED FUND
10
038.6523
036.7197
038.6523

RISK FUND
10
056.2257
053.4144
056.2257





FUTURE PLUS (172) DATE OF LAUNCH
04.03.2005



BOND FUND
10
013.7516
013.7516
013.7516

INCOME FUND
10
015.9932
015.9932
015.9932

BALANCED FUND
10
017.0886
017.0886
017.0886

GROWTH FUND
10
022.7149
022.7149
022.7149



JEEVAN PLUS (173) DATE OF LAUNCH
18.10.2005



BOND FUND
10
013.6921
013.6921
013.6921

SECURED FUND
10
014.1803
014.1803
014.1803

BALANCED FUND
10
014.5459
014.5459
014.5459

GROWTH FUND
10
021.4033
021.4033
021.4033


MARKET PLUS (181) DATE OF LAUNCH
05.07.2006






BOND FUND
10
014.2211
014.2211
014.2211

SECURED FUND
10
014.1128
014.1128
014.1128

BALANCED FUND
10
014.0658
014.0658
014.0658

GROWTH FUND
10
014.8238
014.8238
014.8238





MONEY PLUS (180) DATE OF LAUNCH
20.12.2006



BOND FUND
10
013.1894
013.1894
013.1894

SECURED FUND
10
012.9540
012.9540
012.9540

BALANCED FUND
10
013.0963
013.0963
013.0963

GROWTH FUND
10
011.7183
011.7183
011.7183





FORTUNE PLUS (187) DATE OF LAUNCH
23.08.2007



BOND FUND
10
012.5387
012.5387
012.5387

SECURED FUND
10
012.9027
012.9027
012.9027

BALANCED FUND
10
011.9014
011.9014
011.9014

GROWTH FUND
10
011.6188
011.6188
011.6188





PROFIT PLUS (188) DATE OF LAUNCH
23.08.2007



BOND FUND
10
012.9049
012.9049
012.9049

SECURED FUND
10
012.4262
012.4262
012.4262

BALANCED FUND
10
013.0177
013.0177
013.0177

GROWTH FUND
10
011.3766
011.3766
011.3766


GRATUITY PLUS DATE OF LAUNCH
22.06.2006



BOND FUND
10
13.6485 13.6485 13.6485
INCOME FUND
10
14.5938
14.5938
14.5938

BALANCED FUND
10
15.0314
15.0314
15.0314

GROWTH FUND
10
14.1388
14.1388
14.1388


HEALTH PLUS (901) DATE OF LAUNCH
04.02.2008



HEALTH PLUS FUND
10
011.6646
011.6646
011.6646


MONEY PLUS - I (193) DATE OF LAUNCH
22.05.2008
BOND FUND
10
012.8627
012.8627
012.8627

SECURED FUND
10
014.8092
014.8092
014.8092

BALANCED FUND
10
014.7914
014.7914
014.7914

GROWTH FUND
10
013.6723
013.6723
013.6723


MARKET PLUS-I (191) DATE OF LAUNCH
17.06.2008
BOND FUND
10
011.9271
011.9271
011.9271

SECURED FUND
10
012.2727
012.2727
012.2727

BALANCED FUND
10
012.3777
012.3777
012.3777

GROWTH FUND
10
013.6665
013.6665
013.6665


CHILD FORTUNE
PLUS (194) DATE OF LAUNCH
01.11.2008
BOND FUND
10
011.0961
011.0961
011.0961

SECURED FUND
10
015.0732
015.0732
015.0732

BALANCED FUND
10
014.7042
014.7042
014.7042

GROWTH FUND
10
015.0711
015.0711
015.0711


HEALTH PROTECTION PLUS (902) DATE OF LAUNCH 29.04.2009
HEALTH PROTECTION PLUS FUND
10
011.0345
011.0345
011.0345


JEEVAN SAATHI PLUS (197) DATE OF LAUNCH-29.06.2009
BOND FUND
10
010.6859
010.6859
010.6859

SECURED FUND
10
010.6282
010.6282
010.6282

BALANCED FUND
10
010.6461
010.6461
010.6461

GROWTH FUND
10
011.3519
011.3519
011.3519


WEALTH PLUS (801) DATE OF
LAUNCH
09.02.2010
WEALTH PLUS FUND 10 010.1934
010.1934
010.1934


# Subject to Market risk ; Not guaranteed
# Past performance may not indicate future performance