LIC14

The Deferred Annuity

The Deferred Annuity is useful to those who desires to provide a regular income for themselves and their dependents after the expiry of a specified period and to pay for the contract either a single premium at the outset or annual premiums during the deferment period at the outset, i.e. period on the expiry of which the annuity will vest.

In case of the death of the policyholder during the first policy year the death benefit will be the refund of premium paid under the policy, provided the policy is in force at that time.

(MLY: Monthly, QLY: Quarterly, HLY: Half-Yearly YLY: Yearly)

Age/ Annuity payable YLY/ HLY/ QLY/ MLY Details:

-Amount of Annuity per Annum payable as specified below of life corresponding to a cash option of Rs.1000 available at the expiration of the deferment period in lieu of the Annuity.

40/Rs.107.90/Rs.104.75/Rs.104.35/Rs.102.60 - 45/Rs.110.55/Rs.107.05/Rs.105.70/Rs.104.85 - 50/Rs.114.50/Rs.110.45/Rs.109.10/Rs.108.15 - 55/Rs.120.25/Rs.115.40/Rs.113.95/Rs.113.00 -

60/Rs.128.55/Rs.122.45/Rs.120.90/Rs.119.90 - 65/Rs.139.90/Rs.131.90/Rs.130.30/Rs.129.20 -

70/Rs.155.60/Rs.144.70/Rs.142.90/Rs.141.70 - 75/Rs.178.05/Rs.162.35/Rs.160.30/Rs.159.00

-Deferred Annuity Payable for 5 Years Certain and So Long Thereafter As The Annuitant May Be Alive. Amount of Annuity Per Annum Corresponding to A Cash Option of Rs.1000.

40/Rs.107.80/Rs.104.65/Rs.103.35/Rs.102.50 - 45/Rs.110.30/Rs.106.90/Rs.105.55/Rs.104.70 - 50/Rs.114.00/Rs.110.15/Rs.108.80/Rs.107.90 - 55/Rs.119.30/Rs.114.85/Rs.113.40/Rs.112.50 -

60/Rs.126.60/Rs.121.30/Rs.119.80/Rs.118.80 - 65/Rs.136.20/Rs.129.75/Rs.128.15/Rs.127.10 -

70/Rs.148.65/Rs.140.70/Rs.138.95/Rs.137.80 - 75/Rs.164.70/Rs.154.90/Rs.152.95/Rs.151.70

-Deferred Annuity Payable for 10 Years Certain and So Long Thereafter As The Annuitant May Be Alive. Amount of Annuity Per Annum Corresponding to A Cash Option of Rs.1000.

40/Rs.107.50/Rs.104.45/Rs.10315/Rs.102.25 - 45/Rs.109.75/Rs.106.45/Rs.105.15/Rs.104.25 - 50/Rs.112.95/Rs.109.35/Rs.107.95/Rs.107.05 - 55/Rs.117.25/Rs.113.25/Rs.111.80/Rs.110.90 -

60/Rs.122.75/Rs.118.25/Rs.116.80/Rs.115.80 - 65/Rs.129.35/Rs.124.35/Rs.122.80/Rs.121.75 -

70/Rs.136.95/Rs.131.45/Rs.129.80/Rs.128.70 - 75/Rs.145.00/Rs.139.15/Rs.137.40/Rs.136.30

-Deferred Annuity Payable for 15 Years Certain and So Long Thereafter As The Annuitant May Be Alive. Amount of Annuity Per Annum Corresponding to A Cash Option of Rs.1000.

40/Rs.107.10/Rs.104.10/Rs.102.80/Rs.101.95 - 45/Rs.109.00/Rs.105.80/Rs.104.50/Rs.103.65 - 50/Rs.111.50/Rs.108.15/Rs.106.80/Rs.105.90 - 55/Rs.114.65/Rs.111.05/Rs.109.65/Rs.108.75 -

60/Rs.118.30/Rs.114.50/Rs.113.05/Rs.112.10 - 65/Rs.122.20/Rs.118.25/Rs.116.75/Rs.115.80 -

70/Rs.126.00/Rs.121.95/Rs.120.45/Rs.119.45 - 75/Rs.129.10/Rs.125.20/Rs.123.65/Rs.122.65

-Deferred Annuity Payable for 20 Years Certain and So Long Thereafter As The Annuitant May Be Alive. Amount of Annuity Per Annum Corresponding to A Cash Option of Rs.1000.

40/Rs.106.60/Rs.103.65/Rs.102.35/Rs.101.50 - 45/Rs.108.05/Rs.105.05/Rs.103.75/Rs.101.50 - 50/Rs.109.90/Rs.106.75/Rs.105.40/Rs.104.55 - 55/Rs.111.95/Rs.108.70/Rs.107.35/Rs.106.45 -

60/Rs.114.15/Rs.110.80/Rs.109.45/Rs.108.55 - 65/Rs.116.10/Rs.112.80/Rs.111.40/Rs.110.45 -

70/Rs.117.65/Rs.114.60/Rs.112.95/Rs.112.05 - 75/Rs.118.55/Rs.115.45/Rs.114.00/Rs.113.05

-Annual And Single Premium Corresponding to A Cash Option of Rs.1000

Deferment Period/Annual Premium/ Single Premium Details:

1/No Annual premium/Rs.937.80 - 2/Rs.482.90/Rs.848.70 - 5/Rs.160.95/Rs.629.05 - 10/Rs.60.55/Rs.381.85 - 15/Rs.29.75/Rs.231.80 - 20/Rs.16.20/Rs.140.70 - 25/Rs.9.25/Rs.85.40