LIC's New Term Assurance Rider

On death of the Life Assured before the stipulated date of expiry of the Rider, provided Rider along with the Base Policy is in-force, an amount equal to “Term Rider Sum Assured on Death” shall be payable. Under Regular and Limited premium payment policy, “Term Rider Sum Assured on Death” is defined as the highest of: • Term Assurance Rider Sum Assured; or • 7 times the Annualized Rider Premium; or • 105% of “Total Rider Premiums Paid” upto the date of death. Under Single premium payment policy, “Term Rider Sum Assured on Death” is defined as the higher of: • Term Assurance Rider Sum Assured; or • 1.25 times of Single Rider Premium. Where, i. Annualized Rider Premium shall be the premium amount payable in a year under this Term Assurance Rider excluding the taxes, underwriting extra premiums and loadings for modal premiums. ii. Total Rider Premiums Paid means total of all the premiums paid under this Term Assurance Rider, excluding any extra premium, and taxes, if collected explicitly. iii. Single Rider Premium shall be the premium amount payable under this Term Assurance Rider, excluding the taxes, underwriting extra premiums. b) Maturity Benefit: On survival to the end of the term of the Rider, nothing shall be payable. 2

On survival to the end of the term of the Rider, nothing shall be payable. 2

This rider cannot be issued on stand alone basis and shall be attached with Base Plan. Suicide claim provision as mentioned in the Base Policy with regard to rider would apply.