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Home » Products » Withdrawn Plans » LIC's New Janaraksha Plan (Plan No. 91) » Benefit Illustration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.”

Illustration 1

Table No. 91
Age at entry: 35 years
Sum Assured: Rs.1,00,000/-
Premium Paying term: 25 years
Mode of premium payment: Yearly
Annual Premium: Rs. 4,246 /-
 

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 4,246 100000 2100 5500 102100 105500
2 8,492 100000 4200 11000 104200 111000
3 12,738 100000 6300 16500 106300 116500
4 16,984 100000 8400 22000 108400 122000
5 21,230 100000 10500 27500 110500 127500
6 25,476 100000 12600 33000 112600 133000
7 29,722 100000 14700 38500 114700 138500
8 33,968 100000 16800 44000 116800 144000
9 38,214 100000 18900 49500 118900 149000
10 42,460 100000 21000 55000 121000 155000
15 63,690 100000 31500 82500 131000 182000
20 84,920 100000 56000 146000 156000 246000
25 1,06,150 100000 69500 182000 169500 282000


 * In addition to the benefits as given above, Accident Benefit of Rs.1,00,000/- will be available without payment of extra premium.


(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) Future bonus will depend on future profits and as such is not guaranteed. However, once bonus is declared in any year and added to the policy, the bonus so added is 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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