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Home » Products » Withdrawn Plans » LIC's Money plus_I (Plan No. 193) » Benefit Illustration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.”

PRODUCT FEATURES :
Name of the Product: LIC's Money Plus - I
Age: 35
Sum Assured: 600000
Premium Paying Term: 15
Amount of Instalment Premium: 20000
Mode: Yearly
Unique Identification No.: 512L248V02
Service Tax Rate: 10.30%
Policy Term : 15
Mode of Premium Payment : Yearly
Funds opted for: Growth Fund
Combination: BASIC PLAN WITH LIFE COVER
Gross Yield: 10%
Net Yield: 8.26%

Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interst as mentioned
(All charges are in Rupees)

Policy
Year
Annualised
Premium
Premium
Allocn Charge
Amount Available
for investment
( out of premium )
Mortality  Charge Service Tax Policy Admin
Charge
Guarantee Charge Other
Charges
Addition to
Fund (if any)
Fund Before FMC Fund Mgt
Charge
Fund at
the End
Surrender
Value
Death
Benefit
                             
1 20000 5300 14700 1018 736 720.00 0 0 0 13533 110 13423 0 600000
2 20000 1000 19000 1053 263 240.00 0 0 0 34009 264 33745 0 600000
3 20000 1000 19000 1090 285 247.20 0 0 0 56286 434 55852 55852 600000
4 20000 500 19500 1127 258 254.62 0 0 0 81130 623 80507 80507 600000
5 20000 500 19500 1162 284 262.25 0 0 0 108170 829 107342 107342 600000
6 20000 500 19500 1207 312 270.12 0 0 0 137592 1053 136539 136539 600000
7 20000 500 19500 1236 341 278.23 0 0 0 169629 1297 168333 168333 600000
8 20000 500 19500 1230 369 286.57 0 0 0 204558 1563 202996 202996 600000
9 20000 500 19500 1207 397 295.17 0 0 0 242662 1853 240809 240809 600000
10 20000 500 19500 1174 427 304.02 0 0 0 284236 2169 282067 282067 600000
11 20000 500 19500 1122 458 313.15 0 0 0 329616 2514 327102 327102 600000
12 20000 500 19500 1039 489 322.54 0 0 0 379183 2891 376292 376292 600000
13 20000 500 19500 908 519 332.22 0 0 0 433370 3303 430067 430067 600000
14 20000 500 19500 713 547 342.18 0 0 0 492669 3753 488915 488915 600000
15 20000 500 19500 431 570 352.45 0 0 0 557643 4247 553396 553396 600000

Gross Yield: 6%

Policy
Year
Annualised
Premium
Premium
Allocn Charge
Amount Available
for investment
( out of premium )
Mortality  Charge Service Tax Policy Admin
Charge
Guarantee Charge Other
Charges
Addition to
Fund (if any)
Fund Before FMC Fund Mgt
Charge
Fund at
the End
Surrender
Value
Death
Benefit
                             
1 20000 5300 14700 1019 736 720 0 0 0 13009 108 12902 0 600000
2 20000 1000 19000 1055 263 240 0 0 0 32198 254 31944 0 600000
3 20000 1000 19000 1096 284 247 0 0 0 52307 410 51897 51897 600000
4 20000 500 19500 1139 255 255 0 0 0 73963 578 73385 73385 600000
5 20000 500 19500 1183 278 262 0 0 0 96658 754 95904 95904 600000
6 20000 500 19500 1243 304 270 0 0 0 120426 938 119489 119489 600000
7 20000 500 19500 1293 330 278 0 0 0 145334 1131 144203 144203 600000
8 20000 500 19500 1315 354 287 0 0 0 171470 1333 170137 170137 600000
9 20000 500 19500 1329 378 295 0 0 0 198906 1546 197360 197360 600000
10 20000 500 19500 1347 404 304 0 0 0 227702 1768 225933 225933 600000
11 20000 500 19500 1367 431 313 0 0 0 257926 2002 255924 255924 600000
12 20000 500 19500 1379 458 323 0 0 0 289658 2248 287410 287410 600000
13 20000 500 19500 1377 486 332 0 0 0 322991 2506 320485 320485 600000
14 20000 500 19500 1351 512 342 0 0 0 358033 2777 355255 355255 600000
15 20000 500 19500 1293 536 352 0 0 0 394906 3062 391843 391843 600000

IN THIS POLICY, THE INVESTMENT RISK IS BORN BY THE POLICY HOLDER AND THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATION PURPOSE.

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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