USPs Limited Period –Close ended Plan.

Returns –Guaranteed Sum Assured at Maturity

Single One Time investment with No Upper Limit.

Life Cover – 5 times of Premium paid.

Loyalty Addition, if any, payable on maturity.

Easy Liquidity- Loan/SV available after 1 year.

Plan available for children aged 8 yrs & above.

IT rebate available u/s 80c & 10(10)(d).

Back Dating allowed.

LIC’s Jeevan Vriddhi-808

Condition DescriptionAge at entry 8 years to 50 years

Policy Term 10 years

Premium Mode Single

Premium Minimum- Rs.30,000/- ( in multiples of 1000)

Sum Assured Min -150,000/-Max- No upper limit.

Others Service Tax @ 1.545 % on Premium.

LIC’s Jeevan Vriddhi-808

LIC’s Jeevan Vriddhi-808

Benefits

Maturity Benefit Guaranteed Maturity Sum Assured + Loyalty Additions, if any.

Death Benefit 5-times Single Premium excluding extra premium, if any.

Liquidity

Loan Facility Available after 1 yr (approx 63% of premium paid)

LIC’s Jeevan Vriddhi – 808

High Premium Rebate

Basic Premium Increase in Guaranteed Maturity Sum Assured

Below Rs. 50,000 Nil

Rs. 50,000 to Rs. 99,000 1.25%

Rs. 1,00,000 and above 3.00%

Surrender of PolicySurrender Value: Available after expiry of one policy year. Higher of Guaranteed Surrender Value (GSV-which is 90% of Single premium paid ) and Special Surrender Value (SSV).

LIC’s Jeevan Vriddhi-808

LIC’s Jeevan Vriddhi – 808Benefit Illustration - I

Age 20 yearsPolicy Term 10 yearsMode SinglePremium (incl S.T.) 30,464Immediate tax savings assuming @ 10%

3,000

Net Outgo 27,464Death Benefit 150,000Maturity Benefit: Gtd Maturity SA 58,665IRR on Gtd. Mty Sum Assured. 7.88%Loyalty Addition @ 10% p.a. return 7,333Total Maturity Benefits 65,998IRR (compounding annually) 9.16%

LIC’s Jeevan Vriddhi – 808

LIC’s Jeevan Vriddhi – 808

Benefit Illustration - IIAge 35 yearsPolicy Term 10 yearsMode SinglePremium (incl. S.T.) 101,545Immediate tax savings assuming @ 20 %

20,000

Net Outgo 81,545Death Benefit 500,000Maturity Benefit: Gtd Maturity SA 197,023IRR on Gtd. Mty. SA 9.23%

Loyalty Addition @ 10% p.a. return 24,628

Total Mty Benefit 221,651

IRR (compounding annually) 10.51%

LIC’s Jeevan Vriddhi – 808

Jeevan Vriddhi vs BANK FD Rs. 10 Lac in Bank FD @

9.25%YR Principal Amt at yr end

1 1000,000 10,92,500

2 1095,000 11,93,556

3 1199,025 13,03,960

4 1312,932 14,24,577

5 1437,661 15,56,350

6 1574,239 17,00,312

7 1723,791 18,57,591

8 1887,552 20,29,418

9 2066,869 22,17,139

10 2217,139 24,22,224

TDS @ 30% 4,26,667

Net in hand 19,95,557

Actual IRR 7.48%

 

Rs. 10 Lac in Jeevan Vriddhi at age 25 Yrs

Sum Assured 50,00,000

Premium 10,15,450

Tax Rebate @ 30% for 1 Lac 30,000

Net outgo 9,85,450

Guaranteed Maturity Benefit 20,09,479

IRR on Gtd. Mty Sum Assured 7.39%

Loyalty 2,51,185

Total Returns  22,60,664

IRR (compounding annually) 8.65%

Apart from better returns the customer gets Free Risk cover of 50,00,000. On death- 50 Lacs payable whereas in Bank FD accumulated value paid with deduction of TDSEasy Liquidity – Loan/Surrender after 1 yr. Loan@ 10.25% as against >14% in the banks.

Jeevan Vriddhi v/s NSC for 10 yrs at age 25 yrs- Amt invested-10 Lacs

Risk Cover (Sum Assured) 50,00,000

Premium 10,15,450/-

Tax rebate @ 30% 30,000/-

Net Outgo 9,85,450/-Term Assurance Prem (as per 190–S P for term 10 yrs) 71,650/-

Actual Investment 9,13,800/-

Gtd Mty Sum Assurred 20,09,479/-

 IRR on Gtd Mty SA 8.20%

Loyalty Addn. 2,51,185/-

Total Proceeds 22,60,664/-

IRR (compounding annually) 9.48%

Amount invested in NSC 10,15,450/-

Interest declared for current yr 8.75%

Proceeds at the end of 10 yrs 23,49,369/-

Tax on interest from NSC @ 30% of 13,33,919/- 4,00,176/-

Net Receivable 19,49,193/-

IRR Compounding on Net Outgo - post tax 7.06%

Jeevan Vriddhi vs NSC & Bank FD

• So the Policy holder gets– Better & guaranteed Returns.

– Risk Cover absolutely free.

– Guaranteed Sum Assured in case of untimely death against only

the accumulated value with deduction of TDS.

– Easy Liquidity in the form of Loan at lower interest.

Jeevan Vriddhi Under-Writing

AGES MAX. Single Premium

ALLOWED

MAX. SA ALLOWED

SUC

8 & 9 Yrs 6.25 Lacs 31.25 Lacs 25.00 Lacs

10-17 yrs 2 Lacs 10 Lacs 8 Lacs

8-17 yrs 12.49 Lacs( with Juvenile FMR)

62.45 Lacs 49.96 Lacs

18-35 yrs 3.75 Lacs 18.75 Lacs 15 Lacs

36-45 yrs 2.50 Lacs 12.50 Lacs 10 Lacs

46-50 yrs 0.50 Lacs 2.5 Lacs 2 Lacs

Applicable to Minors, Male & Female Lives-Cat.I, II, & III.

Premium that can be brought under Jeevan Vriddhi, at different ages without any special reports