LIC's Amritbaal

The proposer shall have an option to choose “Sum Assured 3 on Death” as per the two options available under each of Single Premium and Limited Premium payment. The options should be chosen carefully depending on your child's specific needs, as the premium & benefits under the plan shall vary as per the option chosen and the same shall not be altered later. Premium Option Sum Assured on Death Payment Limited Option I Higher of Premium • 7 times of Annualized Premium; or Payment • Basic Sum Assured Option II Higher of • 10 times ofAnnualized Premium;or • Basic Sum Assured Single Option III Higher of Premium • 1.25 times of SinglePremium;or Payment • Basic Sum Assured Option IV 10 times of Single Premium Note: In the above mentioned table, i. “Annualized Premium” shall be the premium amount payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums. ii. “Single Premium” shall be the premium amount chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums, if any. Death benefit payable in case of death of the life assured during the policy term after the date of commencement of risk but before the date of maturity, provided the policy is in-force, shall be “Sum Assured on Death” along with Accrued Guaranteed Additions for in-force policy. The“ Sum Assured on Death” shall be as per the Option

On Life Assured surviving the stipulated Date of Maturity, provided the policy is in-force, “Sum Assured on Maturity” along with accrued Guaranteed Additions for in-force policy, shall be payable; where “Sum Assured on Maturity” is equal the Basic Sum Assured. C. Guaranteed Additions for In-force policy: Under an in- force policy, the Guaranteed Additions shall accrue at the rate of ₹ 80 per thousand Basic Sum Assured at the end of each policy year from the inception till the end of Policy Term. On death of Life Assured during the Policy Term under an in-force policy, the Guaranteed Additions in the year of death shall be payable for full policy year. In case of surrender of an in-force policy, the Guaranteed Additions for the policy year in which the policy is surrendered will be added on proportionate basis in proportion to the completed months for the Policy Year in which policy is surrendered.

The Guaranteed Addition under a paid-up policy shall be sum of the following: (i) The Guaranteed Additions accrued under the policy for the period for which full years' premiums have been paid. (ii) For the policy year for which the full years' premiums have not been paid (the year in which the policy becomes paid-up), Guaranteed Additions for that year shall be sum of proportionate Guaranteed Additions for in-force period with the rate as applicable under an in- force policy and proportionate Guaranteed Additions for the period policy is paid-up in that policy year with the Reduced Guaranteed Additions rate as applicable (as mentioned below). (iii) For subsequent policy years, the Reduced Guaranteed Additions (as mentioned below) shall accrue at the end of each policy year till the end of the policy term. 13 The Reduced Guaranteed Additions (per thousand Basic Sum Assured)under a Paid-up policy shall depend on the Premium Paying Term and the Number of Policy year for which full years' premiums have been paid and are as under: Number of Reduced Guaranteed Additions per ₹ 1000 policy year of Basic Sum Assured (in ₹) for which full PPT (5 years) PPT (6 years) PPT (7 years) years' pre- miums have been paid 2 15.00 9.00 6.00 3 33.00 23.00 16.00 4 54.00 39.00 28.00 5 - 57.00 42.00 6 - - 58.00 In case of Surrender or on Death under the paid-up policy, the Reduced Guaranteed Additions

Loan shall be available during the policy term subject to the following: i. Under Limited Premium payment (Option I & Option II), loan shall be available after completion of first policy year provided at least one full years premiums have been paid. Under Single Premium payment (Option III & Option IV), loan shall be available during the policy term at any time after three months from the completion of the policy (i.e. 3 months from the Date of issuance of policy) or after expiry of the free-look period, whichever is later. ii. The maximum loan that can be granted shall be as under: Under Limited Premium payment (Option I & Option II): • For in-force policies – upto 90% of Surrender Value. • For paid-up policies – upto 80% of Surrender Value. Under Single Premium payment (Option III & Option IV):upto75% of Surrender Value. iii. The rate of loan interest applicable for full loan term, for the loan to be availed under this product for every 12 months' period from 1st May to 30th April shall not exceed 10 year G-Sec yield p.a. compounding half- yearly as at the last trading date of previous financial year plus 300 basis points or the yield earned on the Corporation's Non-Linked fund plus 100 basis points, whichever is higher. If the Life Assured is a female child and the loan is availed for the purpose of her education then the applicable interest rate (as derived above) shall be

If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 30 days from the date of receipt of the electronic or physical mode of Policy Document, whichever is earlier, stating the reason of objections. On receipt of the same, the Corporation shall cancel the policy and return the amount of premium deposited after deducting the proportionate risk premium (for Base Policy and Rider, if any) for the period of cover, expenses incurred on medical examination (including special reports, if any) and stamp duty charges

a) Under Limited Premium payment (Option I & Option II): i. If the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk, the Nominee or Beneficiary of the Life Assured shall be entitled to 80% of the total premiums paid (excluding any taxes, extra premium and rider premium, if any)till the date of death provided the policy is in-force. This clause shall not be applicable in case age at entry of the Life Assured is below 8 years. ii. If the Life Assured (whether sane or insane) commits suicide within 12 months from date of revival, an amount which is higher of 80% of the total premiums paid (excluding any taxes, extra premium and rider premium, if any) till the date of death or the surrender value available as on date of death, shall be payable. The Nominee or Beneficiary of the Life Assured shall not be entitled to any other claim under the policy. This clause shall not be applicable: a) In case the age of the life assured is below 8 years at the time of revival; or b) For a policy lapsed without acquiring paid-up value and nothing shall be payable under such policies. 20 b) Under Single Premium payment (Option III & Option IV): If the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk, the Nominee or Beneficiary of the Life Assured shall be