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Home » Products » Withdrawn Plans » LIC's Jeevan Saral (Plan No. 165) » Benefit Illustration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 life insurance company.  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 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 dependant on a number of factors including future investment performance.”

Age at entry: 35 years
Policy term: 25 years
Mode of premium payment: Yearly
Amount of annual premium: Rs.4704/-

 

End Of Policy
Year
Total Premium paid till end of year Amount payable at the end of year on death during the year (Rs.)
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 4704 100000 0 0 100000 100000
2 9408 104800 0 0 104800 104800
3 14112 109600 0 0 109600 109600
4 18816 114400 0 0 114400 114400
5 23520 119200 0 0 119200 119200
6 28224 124000 0 0 124000 124000
7 32928 128800 0 0 128800 128800
8 37632 133600 0 0 133600 133600
9 42336 138400 0 0 138400 138400
10 47040 143200 7000 18000 150200 161200
15 70560 167200 13000 41000 180200 208200
20 94080 191200 30000 100000 221200 291200
25 117600 215200 65000 211000 280200 426200

 

End Of Policy Year Total Premium paid till end of year Amount payable on surrender or maturity at the end of year
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 4704 0 0 0 0 0
2 9408 0 0 0 0 0
3 14112 8099 0 0 8099 8099
4 18816 12942 0 0 12942 12942
5 23520 18660 0 0 18660 18660
6 28224 23180 0 0 23180 23180
7 32928 27856 0 0 27856 27856
8 37632 32744 0 0 32744 32744
9 42336 37892 0 0 37892 37892
10 47040 43360 7000 18000 50360 61360
15 70560 75200 13000 41000 88200 116200
20 94080 106124 30000 100000 136124 206124
25 117600 135296 65000 211000 200296 346296

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) Loyalty additions will depend on future profits and as such is not guaranteed.

v) 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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