Life Insurance Corporation of India

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.”

Notes :

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.

iii)The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances with some level of quantification.
;

Age of LA (Yrs.)	35
Term (Yrs.)	12
Premium Paying Term	9

Annual Premium (Rs.)	16053
Sum Assured (Rs.)	100000
Guaranteed Addition (Rs.)	per year per 1000 Sum Assured

End of year	Premiums Paid during the year	Benefit payable on death during the year
		Guaranteed	Variable		Total
		Guaranteed	Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	16053	107000	0	0	107000	107000
2	16053	114000		0	0	114000
3	16053	121000	0	0	121000	121000
4	16053	128000	0	0	128000	128000
5	16053	135000	0	0	135000	135000
6	16053	142000	0	0	142000	142000
7	16053	149000	0	0	149000	149000
8	16053	156000	0	0	156000	156000
9	16053	163000	0	0	163000	163000
10	0	170000	0	0	170000	170000
11	0	177000	0	0	177000	177000
12	0	184000	0	40000	184000	224000

End of year	Premiums Paid during the year	Benefit payable on death during the year
		Guaranteed	Variable		Total
		Guaranteed	Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	16053	107000	0	0	107000	107000
2	16053	114000	0	0	114000	114000
3	16053	121000	0	0	121000	121000
4	16053	128000	0	0	128000	128000
5	16053	135000	0	0	135000	135000
6	16053	142000	0	0	142000	142000
7	16053	149000	0	0	149000	149000
8	16053	156000	0	0	156000	156000
9	16053	163000	0	0	163000	163000
10	0	170000	0	0	170000	170000
11	0	177000	0	0	177000	177000
12	0	184000	0	40000	184000	224000

Age of LA (Yrs.)	35
Term (Yrs.)	9
Premium Paying Term	9

Annual Premium (Rs.)	15720
Sum Assured (Rs.)	100000
Guaranteed Addition (Rs.)	65 per year per 1000 Sum Assured

End of year	Premiums Paid during the year	Benefit payable on death during the year
		Guaranteed	Variable		Total
		Guaranteed	Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	15720	106500	0	0	106500	106500
2	15720	113000	0	0	113000	113000
3	15720	119500	0	0	119500	119500
4	15720	126000	0	0	126000	126000
5	15720	132500	0	0	132500	132500
6	15720	139000	0	0	139000	139000
7	15720	145500	0	0	145500	145500
8	15720	152000	0	0	152000	152000
9	15720	158500	0	20000	158500	178500

End of year	Premiums Paid during the year	Benefit on Survival / Maturity at the end of year
		Guaranteed	Variable		Total
		Guaranteed	Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	15918	0	0	0	0	0
2	15918	0	0	0	0	0
3	15918	15000	0	0	15000	15000
4	15918	0	0	0	0	0
5	15918	0	0	0	0	0
6	15918	25000	0	0	25000	25000
7	15918	0	0	0	0	0
8	15918	0	0	0	0	0
9	15918	118500	0	20000	118500	138500

Benefit Illustration

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