IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDERS 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 SIIP is a Unit Linked, Non-Par�cipa�ng, Regular Premium,,Individual Life Insurance plan which offers 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 You have a choice of inves�ng premiums in one of the four types of investment funds available. Each premium paid, a�er deduc�on of Premium Alloca�on 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. A) Payment of premiums: 1. You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through NACH only) intervals over the term of the policy. The mode of premium payment has to be chosen at commencement although the same can be changed (between various regular premium payment modes) at any subsequent policy anniversary during the term of the policy. B) Grace Period: A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (NACH) premiums. 2. Benefits payable under an in-force policy(where all due premiums have been paid): 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 a�er the Date of Commencement of Risk: An amount equal to the highest of the following shall be payable Basic Sum Assured reduced by Par�al Withdrawals, if any, made during the two years period immediately preceding the date of death; or, Unit Fund Value; or 105% of the total premiums received upto the date of death reduced by Par�al Withdrawals, if any, made during the two years period immediately preceding the date of death. Where Basic Sum Assured and Par�al Withdrawal are as specified in Para 5 (i) and Para 4(II)(iv) respec�vely. 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 Addi�on added subsequent to the date of death ( in case of delay in in�ma�on 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 Se� lement Op�on is opted for, as men�oned in Para 4.IV below as per op�on exercised by the Policyholder/Life Assured B) Maturity Benefit: On Life Assured surviving the date of maturity provided all due premiums under the policy have been paid, an amount equal to Unit Fund Value shall be payable. C) Refund of Mortality Charges: On Life Assured surviving the date of maturity provided all due premiums under the policy have been paid, an amount equal to the total amount of mortality charges deducted in respect of life insurance cover shall be payable along with the Maturity Benefit. These charges shall not include any extra amount chargeable under the policy due to underwri�ng decision and tax charges levied on the mortality charges, if any. Refund of Mortality Charge shall not be payable in case of surrendered or discon�nued policy. Guaranteed Addi�ons as a percentage of one Annualized Premium, as men�oned in the table below shall be added to the Unit fund on comple�on of specific dura�on of policy years provided all due premiums have been paid and the policy is in-force. End of Policy Year Guaranteed Addi�ons (as percentage of one Annualized Premium) 6 10 15 20 25 5% 10% 15% 20% 25% The allocated Guaranteed Addi�on shall be converted to units based on NAV of the underlying Fund type as on the date of such addi�on and shall be credited to the Unit Fund. For policies which are not in-force but revived subsequently, Guaranteed Addi�on shall be credited on the date of revival of the policy, provided all due premiums have been paid. Any Guaranteed Addi�on added to the date of death (in case of delay in in�ma�on of death claim) shall be recovered from theUnitFund. LIC's SIIP (UIN: 512L 334 V01) (A Unit Linked, Non-Par�cipa�ng, Individual Life Insurance Plan) 3. Guaranteed Addi�ons: IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE UNIT LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDERS 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 SIIP is a Unit Linked, Non-Par�cipa�ng, Regular Premium,,Individual Life Insurance plan which offers 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 You have a choice of inves�ng premiums in one of the four types of investment funds available. Each premium paid, a�er deduc�on of Premium Alloca�on 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. A) Payment of premiums: 1. You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through NACH only) intervals over the term of the policy. The mode of premium payment has to be chosen at commencement although the same can be changed (between various regular premium payment modes) at any subsequent policy anniversary during the term of the policy. B) Grace Period: A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (NACH) premiums. 2. Benefits payable under an in-force policy(where all due premiums have been paid): 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 a�er the Date of Commencement of Risk: An amount equal to the highest of the following shall be payable Basic Sum Assured reduced by Par�al Withdrawals, if any, made during the two years period immediately preceding the date of death; or, Unit Fund Value; or 105% of the total premiums received upto the date of death reduced by Par�al Withdrawals, if any, made during the two years period immediately preceding the date of death. Where Basic Sum Assured and Par�al Withdrawal are as specified in Para 5 (i) and Para 4(II)(iv) respec�vely. 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 Addi�on added subsequent to the date of death ( in case of delay in in�ma�on 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 Se� lement Op�on is opted for, as men�oned in Para 4.IV below as per op�on exercised by the Policyholder/Life Assured B) Maturity Benefit: On Life Assured surviving the date of maturity provided all due premiums under the policy have been paid, an amount equal to Unit Fund Value shall be payable. C) Refund of Mortality Charges: On Life Assured surviving the date of maturity provided all due premiums under the policy have been paid, an amount equal to the total amount of mortality charges deducted in respect of life insurance cover shall be payable along with the Maturity Benefit. These charges shall not include any extra amount chargeable under the policy due to underwri�ng decision and tax charges levied on the mortality charges, if any. Refund of Mortality Charge shall not be payable in case of surrendered or discon�nued policy. Guaranteed Addi�ons as a percentage of one Annualized Premium, as men�oned in the table below shall be added to the Unit fund on comple�on of specific dura�on of policy years provided all due premiums have been paid and the policy is in-force. End of Policy Year Guaranteed Addi�ons (as percentage of one Annualized Premium) 6 10 15 20 25 5% 10% 15% 20% 25% The allocated Guaranteed Addi�on shall be converted to units based on NAV of the underlying Fund type as on the date of such addi�on and shall be credited to the Unit Fund. For policies which are not in-force but revived subsequently, Guaranteed Addi�on shall be credited on the date of revival of the policy, provided all due premiums have been paid. Any Guaranteed Addi�on added to the date of death (in case of delay in in�ma�on of death claim) shall be recovered from theUnitFund.

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