SCHEDULE OF POLICY CHARGES The current charges on the Policy as on the Issue Date are as follows.   The Company reserves the right to alter the charges and fees as shown in this schedule (except the Mortality Charge and Premium Allocation Charge) from time to time by giving advance notice of at least three (3) months and on clearance from the Insurance Regulatory and Development Authority. Surrender Charge Surrender is not allowed in the first 3 Policy Years. Surrender Charge is applicable thereafter as  below :   Regular Premium Fund Value Policy Year Charges as a % of the Regular Premium Fund Value 1 NA 2 NA 3 NA 4 75% 5 50% 6 and above 0%   Surrenders are allowed from the Top-Up Account after completion of three years from the later of the deposit date of each Top-Up Premium, or if applicable, the approval date of the related Top-Up Sum Assured.  No Surrender Charges are applicable on surrender from Top-Up Account if the Top-Up Premium has completed such period. Partial Withdrawal Charge Partial Withdrawal from the Regular Premium Account is not allowed in the first 3 Policy Years. Partial Withdrawal Charge is applicable thereafter as  below Regular Premium Fund Value Policy Year Charges as a % of the Regular Premium Fund Value 1 NA 2 NA 3 NA 4 75% 5 50% 6 and above 0% Partial Withdrawals are allowed from the Top-Up Account after completion of three years from the later of the deposit date of each Top-Up Premium, or if applicable, the approval date of the related Top-Up Sum Assured. No Partial Withdrawal Charges are applicable on partial withdrawal from Top-Up Account if the Top-Up Premium has completed such period. Withdrawal of the Top-Up Fund Value is not subject to the minimum period of three (3) yeas if the Top-Up Premium is credited to the Policy in the last three (3) Policy Years immediately prior to the Maturity Date.  Premium Allocation Charge  Regular Premium   Premium Allocation Charge as below will be deducted from the Regular  Premium received, as a percentage of the Regular Premium amount received: Policy Year % of the Regular  Premium 1 22% 2-10 4% 11 and above 0% Top-Up Premium Allocation Charge Top-Up Premium Allocation Charge as below will be deducted from the Top-Up Premium received as a percentage of the Top-Up Premium amount received: Policy Year % of the Top-Up  Premium All 1.5%                     Policy Administration Charge   A monthly Policy Administration Charge of Rs. Thirty-eight (38) will be deducted by canceling Units at Unit Price from the Fund Value of the Policy on each Policy Monthly Anniversary. Unit deduction will first be made from the Regular Premium Fund Value, and if insufficient, then from the Top-Up Fund Value. Subject to a minimum of Rs Thirty-eight (38), the Policy Administration Charge may be increased upto a maximum of five (5) percent per annum. Premium Re-Direction Charge  A Premium Re-direction Charge is payable on each approved change of Premium Allocation.  This Charge is currently set to zero. This Charge may be revised as deemed appropriate by the Company subject to prior clearance from the IRDA but shall not exceed a maximum of Rs.250/-. Fund Switching Charge A Fund Switching Charge is payable on each switching from one Fund to another except for the first four (4) such switches in each Policy Year. The Fund Switching Charge is Rupees Two Hundred and Fifty (Rs.250) per switch. This charge may be revised as deemed appropriate by the Company subject to prior clearance from the IRDA but shall not exceed a maximum of Rs.500/-. Premium Holiday Charge Premium Holiday Charge as below will be deducted by canceling Units at Unit Price from the Regular Premium Account of the Policy on each Policy Monthly Anniversary. The Premium Holiday Charge is applicable until the earlier of (a) the end of the Premium Paying Term* or (b) the fifth (5th) Policy Anniversary. Policy Year % of the Regular Premium 1-5 4% 6 and above 0% *Premium Paying Term is the contracted period for which the Regular Premium is payable under the Basic Policy. Mortality Charge The Mortality Charge of the Basic Policy will be deducted by canceling Units at the Unit Price, from the Regular Premium Fund Value of the Policy on each Policy Month Anniversary.  In case of the Top-Up Sum Assured, the same will be deducted from the Top-Up Fund Value. If the Regular Premium Fund Value is insufficient, then mortality charges will be deducted from the Top-Up Fund Value and vice-versa. Mortality Charge = Insured Amount * Mortality Rate as applicable at each age from the Mortality Table. (Insured Amount is defined below) In case of loading,  Mortality Charge = Insured Amount * Mortality rate*(1+x %) where x is the extra loading   The Insured Amount =  (( Sum Assured - Net Cumulative Partial Withdrawals made during the last 24 months preceding the date of deduction of Mortality Charges or all the partial withdrawals made post attainment of age 60 whichever is higher) – Regular Premium Fund Value (FV)) at the time Mortality Charge is deducted. Insured Amount for Top-Up Account = (( Sum Assured - Net Cumulative Partial Withdrawals made during the last 24 months preceding the date of deduction of Mortality Charges or all the partial withdrawals made post attainment of age 60 whichever is higher) –Top-Up Fund Value (FV)) at the time Mortality Charge is deducted. In case of Juvenile, the Insured Amount is calculated as under: The Insured Amount at age 0 = ((0.2* relevant Sum Assured) - relevant Fund Value)). The Insured Amount at age 1 = ((0.4* relevant Sum Assured) - relevant Fund Value)). The Insured Amount at age 2 = ((0.6* relevant Sum Assured) - relevant Fund Value)). The Insured Amount at age 3 = ((0.8* relevant Sum Assured) - relevant Fund Value)). Relevant Sum Assured: Regular Premium Sum Assured/Top-Up Sum Assured Relevant Fund Value: Regular Premium Fund Value/Top-Up Fund Value Mortality Charge = 0 if the Insured Amount <= 0. Age Mortality Charges Age Mortality Charges Age Mortality Charges Age Mortality Charges 0 1.295 26 1.153 52 6.78 78 90.011 1 0.815 27 1.163 53 7.478 79 99.425 2 0.645 28 1.168 54 8.225 80 109.662 3 0.545 29 1.17 55 9.022 81 120.773 4 0.445 30 1.171 56 9.864 82 132.81 5 0.4 31 1.186 57 10.66 83 145.072 6 0.39 32 1.224 58 11.488 84 156.688 7 0.4 33 1.277 59 12.512 85 168.224 8 0.4 34 1.348 60 13.732 86 180.394 9 0.39 35 1.435 61 15.148 87 193.207 10 0.415 36 1.538 62 16.758 88 206.668 11 0.49 37 1.657 63 18.564 89 220.778 12 0.59 38 1.793 64 20.566 90 235.534 13 0.682 39 1.959 65 22.17 91 250.927 14 0.742 40 2.15 66 24.171 92 266.946 15 0.797 41 2.333 67 27.22 93 283.57 16 0.848 42 2.51 68 30.598 94 300.777 17 0.896 43 2.717 69 34.333 95 318.536 18 0.94 44 2.971 70 38.459 96 336.811 19 0.98 45 3.274 71 43.008 97 355.563 20 1.016 46 3.627 72 48.016 98 374.744 21 1.048 47 4.03 73 53.522 99 692.218 22 1.077 48 4.481 74 59.566 100 1000 23 1.102 49 4.982 75 66.192     24 1.123 50 5.532 76 73.443     25 1.14 51 6.131 77 81.367     The above rates are for standard lives payable per 1000 lives and are guaranteed throughout the term of the Policy.  While calculating Mortality Charge for individual life the above rates will be divided by 1000. The rates have been modified for age last birthday by taking an average of the mortality rates of two consecutive ages of the original Indian Assured Mortality (1994-96) (Modified) Ult. Table.

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