IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICY HOLDERS WILL NOT BE ABLE TO SURRENDER OR WITHDRAW THE MONIES INVESTED IN UNIT LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR. LIC’s Nivesh Plus is a Unit Linked, Non-Participating, Single Premium Individual Life Insurance plan. On payment of single premium, the plan offer, insurance cum investment cover throughout the term of the policy. You can buy this plan offline (through an intermediary) as well as online. To purchase this plan online, kindly log on to www.licindia.in. Under this plan you have the flexibility to choose the type of Sum Insured at the inception and also have a choice of investing the premium in one of the four types of investment funds available. Single Premium paid after deduction of Premium 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 Net Asset Value (NAV). 1. Benefits: A) Death Benefit: On death before the Date of Commencement of Risk: An amount equal to the Unit Fund Value shall be payable. On death after the Date of Commencement of Risk: An amount equal to the higher of the following shall be payable : • Basic Sum Assured less Partial Withdrawals, if any made during the two years period immediately preceding the date of death; or • Unit Fund Value . Where Basic Sum Assured and Partial Withdrawal are as specified in para 3(V) and para 3(II) respectively. Mortality charge, Accident Benefit charge, and Tax charges thereon recovered subsequently to the date of death shall be paid back to the nominee or beneficiary along with death benefit. Any Guaranteed Addition added subsequent to the date of death (in case of delay in intimation of death claim) shall be recovered from the Unit Fund The death benefit shall be paid either in lump sum as specified above or in instalments, if Settlement Option is opted for, as mentioned in Para 3.iv below as per option exercised by the Policyholder/Life Assured. B) Maturity Benefit: On Life Assured surviving the date of maturity, an amount equal to Unit Fund Value shall be payable. 2. Guaranteed Additions: Guaranteed Additions as a percentage of Single Premium as mentioned in table below shall be added to the Unit Fund on completion of specific duration of policy years as mentioned below. End of Policy Year Guaranteed Additions (as percentage of Single Premium) 6 3% 10 4% 15 5% 20 6% 25 7% The allocated Guaranteed Addition shall be converted to units based on NAV of the underlying Fund type as on the date of such addition and shall be credited to the Unit Fund. However, any Guaranteed Additons added subsequently to the date of death (in case of delay in intimation of death claim) shall be recovered from the Unit Fund. 3. Optional Benefits: I. Rider Benefit: You have an option of availing LIC’s Linked Accidental Death Benefit Rider (UIN: 512A211V02). This rider can be opted for at any policy anniversary provided the outstanding policy term is atleast 5 years but on or before the policy anniversary on which the age nearer birthday of the Life Assured is 65 years.. The benefit cover under this rider shall be available till the Date of Maturity or till the policy anniversary on which the age nearer birthday of the Life Assured is 70 years, whichever is earlier, provided the Policy is inforce as on date of accident. If this rider is opted for, in case of accidental death, the Accident Benefit Sum Assured will be payable in lumpsum along with the death benefit under the base plan. This Rider will not be available under the policy on the life of minor, during minority of the Life Assured The Accident Benefit Sum Assured cannot exceed the Basic Sum Assured. For more details on the above Rider, refer to the Rider Brochure or contact LIC’s nearest Branch Office. II. Partial withdrawals: You can partially withdraw the units at any time after the fifth policy anniversary, subject to the following: i. In case of minors, partial withdrawals shall be allowed only after Life Assured is aged 18 years or above. ii. Partial withdrawals may be in the form of fixed amount or in the form of fixed number of units. iii. The Maximum amount of Partial Withdrawal as a percentage of fund during each policy year shall be as under: Policy Year Percent of Unit Fund 6th to 10th 15% 11th to 15th 20% 16th to 20th 25% 21st to 25th 30% The above Partial withdrawal shall be allowed subject to minimum balance equal to the single premium paid.The partial withdrawals which would result in termination of a contract shall not be allowed. iv. Partial withdrawal charge as specified in Para 7.D. (iii) shall be deducted from the Unit Fund Value. If partial withdrawal has been made then for two years’ period immediately from the date of withdrawal, the Basic Sum Assured, shall be reduced to the extent of the amount of partial withdrawals made. On completion of two years’ period from the date of withdrawal the original Basic Sum Assured shall be restored. III. Switching: You have an option to switch between the four fund types during the policy term. On switching the entire Fund Value shall be switched to the new Fund opted for. Switching shall be subject to Switching Charges as specified in Para 7.D.(ii). IV. Settlement Option: This is the option to receive the Death Benefit in instalments. This option can be exercised during the lifetime while in currency of the policy, specifying the mode of instalment and period in years (not more than 5 years). The death claim amount shall then be paid to the nominee as per the option exercised and no alteration whatsoever shall be allowed to be made by the nominee. The Unit Fund under such policy will continue to be invested as per the fund type existing as on the date of intimation of death The instalment shall be the total number of units as on the date of intimation of death divided by total number of instalments. The number of units arrived at in respect of each instalment will be multiplied by the NAV of the applicable fund type as on the date of instalment payment. The first payment will be made corresponding to the date of intimation of death and thereafter based on the mode opted. During the Settlement Option period, no charges other than the Fund Management Charge shall be deducted. The value of instalment 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. On death of the nominee after the commencement of the Settlement Option period, the value of the outstanding units held in the Unit Fund shall become payable to the legal heir in lump sum. No partial withdrawal or switching of fund shall be allowed by the nominee V. Basic Sum Assured option: You have the flexibility to choose Basic Sum Assured at the inception. The Sum Assured options are: Option 1: 1.25 times of Single Premium; Option 2: 10 times of Single Premium The option once selected cannot be altered. 4. Eligibility Conditions And Other Restrictions: a) Minimum/Maximum Basic Sum Assured: Under Option 1: 1.25 times of the single premium Under Option 2: 10 times of the single premium b) Minimum Age at entry : [90] Days (completed) for Option 1 and 2 c) Maximum Age at entry : [70] years (nearer birthday) for Option 1 [35] years (nearer birthday) for Option 2 d) Minimum Maturity Age : [18] years (Completed) e) Maximum Maturity Age : [85] years (nearer birthday) for Option 1 [50] years (nearer birthday) for Option 2 f) Policy Term Option 1: If Basic sum assured is 1.25 times of single premium Option 2: If Basic sum assured is 10 times of single premium For age at entry upto 25 yrs For age at entry 26 to 30 yrs For age at entry 31 to 35 yrs 10 to 25 years 10 to 25 years 10 to 20 years 10 years g) Premium Paying Mode : Single Premium only h) Minimum Premium : Rs. 1,00,000 i) Maximum Premium : No Limits Premiums shall be payable in multiple of Rs.10,000/-. Date of commencement of risk under the plan: In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence either on the completion of 2 years from the date of commencement of policy or on policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier. In case the age at entry of Life Assured is 8 years or more, risk will commence immediately from the date of underwriting acceptance of risk i.e. date of commencement of policy. Date of vesting: If the policy is issued on the life of minor the policy shall automatically vest on the Life Assured on such vesting date i.e. on the policy anniversary coinciding with or immediately following the completion of 18 years of age and shall on such date of vesting be deemed to be a contract between the Corporation and the Life Assured. 5. Investment of Funds: Unit Fund: The allocated premiums will be utilized to buy units as per the fund type opted by the Policyholder out of the four fund types options available. Various types of fund options and broadly their investment patterns are as under: Fund Type Investment in Government / Government Guaranteed Securities / Corporate Debt Short-term investments such as money market instruments Investment in Listed Equity Shares Objective Risk Profil

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