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Home » Products » Withdrawn Plans » LIC's Jeevan Bharati_I (Plan No. 192, UIN : 512N247V01) » Benefit Illustration

Benefit Illustration

Statutory warning:

“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your Insurer carrying on life insurance business. If your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.”

Benefit Illustration
Age of LA (Yrs.) 35
Term (Yrs.)
Sum Assured(Rs.) 100000
Annual Premium


Total premiums paid till end of year Death Benefit during the year
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 6345 100000 2200 4500 102200 104500
2 12690 100000 4400 9000 104400 109000
3 19035 100000 6600 13500 106600 113500
4 25380 100000 8800 18000 108800 118000
5 31725 100000 11000 22500 111000 122500
6 38070 100000 13200 27000 113200 127000
7 44415 100000 15400 31500 115400 131500
8 50760 100000 17600 36000 117600 136000
9 57105 100000 19800 40500 119800 140500
10 63450 100000 22000 45000 122000 145000
15 95175 100000 36667 75000 136667 175000
20 126900 100000 48900 100000 148900 200000


Total premiums paid till end of year BENEFIT ON SURVIVAL / MATURITY AT THE END OF YEAR
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 6345 0 0 0 0 0
2 12690 0 0 0 0 0
3 19035 0 0 0 0 0
4 25380 0 0 0 0 0
5 31725 20000 0 0 20000 20000
6 38070 0 0 0 0 0
7 44415 0 0 0 0 0
8 50760 0 0 0 0 0
9 57105 0 0 0 0 0
10 63450 20000 0 0 20000 20000
15 95175 20000 0 0 20000 20000
20 126900 40000 48900 100000 88900 140000

i)This illustration is applicable to a standard (from medical, life style and occupation point of view) life.

ii) The non-guaranteed benefits (1) and (2) in above illustration are calculated so that they are consistent with the Projected Investment Rate of Return assumption of 6% p.a.(Scenario 1) and 10% p.a. (Scenario 2) respectively. In other words, in preparing this benefit illustration, it is assumed that the Projected Investment Rate of Return that LICI will be able to earn throughout the term of the policy will be 6% p.a. or 10% p.a., as the case may be. The Projected Investment Rate of Return is not guaranteed.

Section 45 of Insurance Act, 1938:
No policy of life insurance shall after the expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal for insurance or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policyholder and that the policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose. Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the life assured was incorrectly stated in the proposal.

Prohibition of Rebates (Section 41 of INSURANCE ACT ,1938) :
(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy nor shall any person taking out or renewing or continuing a policy accept any rebate except such rebates as may be allowed in accordance with the published prospectuses or tables of the insurer provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taking out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer.

(2) Any person making default in complying with the provision of this Section shall be punishable with a fine, which may extend to 500 rupees.

Note: Conditions apply for which please refer to the Policy document or contact our nearest Branch Office.