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Home » Products » Withdrawn Plans » LIC's Jeevan Vishwas (Plan No. 136) » Benefit Illustration
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 the 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 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.”


Illustration 1 (Table 136)

Age ate entry: 35 years
Age of dependant: 5 years
Premium paying term: 1 years
Sum Asured: Rs. 1,00,000/-
Annual premium: Rs. 36,645/-

End of year
Total premiums paid till end of year
Benefit payable on death / maturity at the end of year
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 36,645 100000
 
- - 100000
 
100000
 
2 36,645 106000 - - 106000 106000
3 36,645 112000 - - 112000 112000
4 36,645 118000 - - 118000 118000
5 36,645 124000 - - 124000 124000
6 36,645 130000 - - 130000 130000
7 36,645 136000 - - 136000 136000
8 36,645 142000 - - 142000 142000
9 36,645 148000 - - 148000 148000
10 36,645 154000 - - 154000 154000
15 36,645 184000 - - 184000 184000
20 36,645 214000 - - 214000 214000
30 36,645 280000 - 10000 280000 290000

Age ate entry: 35 years
Age of dependant: 5 years
Premium paying term: 15 years
Sum Asured: Rs. 1,00,000/-
Annual premium: Rs. 4,008/-

End of year
Total premiums paid till end of year
Benefit payable on death / maturity at the end of year
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 4008 100000 - - 100000
 
100000
 
2 8016 106000 - - 106000 106000
3 12024 112000 - - 112000 112000
4 16032 118000 - - 118000 118000
5 20040 124000 - - 124000 124000
6 24048 130000 - - 130000 130000
7 28056 136000 - - 136000 136000
8 32064 142000 - - 142000 142000
9 36072 148000 - - 148000 148000
10 40080 154000 - - 154000 154000
15 60120 184000 - 1000 184000 184000
20 80160 214000 - 10000 214000 224000
30 120240 280000 - 31000 280000 311000


* 20% of the amount shall be paid in a lump sum and the balance 80% shall be utilized to pay an annuity on the life of handicapped dependant.

(i) This illustration is applicable to a non-smoker male/female 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.

(iv) The maturity benefit is the amount shown at the end of the policy term.

Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021 IRDAI Reg No- 512
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