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Home » Products » Withdrawn Plans » Profit Plus » Benefit Illustration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 Profit Plus
Unique Identification No. 512L245V02
Age: 35
Service Tax Rate: 10.30%
Sum Assured: 75000
Policy Term : 10
Premium Paying Term: 5
Mode of Premium Payment : Yearly
Amount of Instalment Premium: 15000
Funds opted for: Growth Fund
Mode: Yearly
Combination: BASIC PLAN WITH LIFE COVER

Gross Yield: 10%
Net Yield: 7.43%

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 15000 3600 11400 113 466 720 0 0 1049 11151 88 11063 0 75000
2 15000 600 14400 93 118 240 0 0 2510 27523 211 27312 0 75000
3 15000 600 14400 66 129 240 0 0 4130 45407 347 45060 45060 75000
4 15000 600 14400 31 141 240 0 0 5899 64948 495 64453 64453 75000
5 15000 600 14400 2 154 240 0 0 7833 86289 658 85631 85631 85631
6 0 0 0 0 98 240 0 0 8514 93807 715 93092 93092 93092
7 0 0 0 0 105 240 0 0 9257 102004 777 101227 101227 101227
8 0 0 0 0 112 240 0 0 10067 110942 845 110097 110097 110097
9 0 0 0 0 119 240 0 0 10951 120688 919 119768 119768 119768
10 0 0 0 0 128 240 0 0 11914 131315 1000 130314 130314 130314
 

 

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 15000 3600 11400 113 465 720 0 0 630 10731 86 10645 0 75000
2 15000 600 14400 94 117 240 0 0 1481 26074 203 25871 0 75000
3 15000 600 14400 70 128 240 0 0 2392 42225 328 41897 41897 75000
4 15000 600 14400 41 138 240 0 0 3350 59229 459 58770 58770 75000
5 15000 600 14400 4 149 240 0 0 4360 77137 598 76539 76539 76539
6 0 0 0 0 89 240 0 0 4565 80775 626 80149 80149 80149
7 0 0 0 0 92 240 0 0 4781 84598 656 83942 83942 83942
8 0 0 0 0 95 240 0 0 5008 88614 687 87928 87928 87928
9 0 0 0 0 99 240 0 0 5246 92835 719 92115 92115 92115
10 0 0 0 0 102 240 0 0 5496 97269 754 96515 96515 96515

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

PRODUCT FEATURES :
Name of the Product: LIC's Profit Plus
Unique Identification No. 512L245V02
Age: 35
Service Tax Rate: 10.30%
Sum Assured: 50000
Policy Term : 10
Premium Paying Term: 1
Mode of Premium Payment : Single
Amount of Instalment Premium: 40000
Funds opted for: Growth Fund
Mode: Single
Combination: BASIC PLAN WITH LIFE COVER

Gross Yield: 10%
Net Yield: 7.96%

Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interst as mentioned
 

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 40000 2000 38000 25 315 720 0 0 3720 40660 312 40348 0 50000
2 0 0 0 15 61 240 0 0 4003 44035 336 43699 0 50000
3 0 0 0 9 63 240 0 0 4337 47724 364 47360 47360 50000
4 0 0 0 2 66 240 0 0 4702 51754 395 51359 51359 51359
5 0 0 0 0 69 240 0 0 5101 56151 428 55723 55723 55723
6 0 0 0 0 73 240 0 0 5535 60946 465 60481 60481 60481
7 0 0 0 0 77 240 0 0 6009 66174 505 65669 65669 65669
8 0 0 0 0 81 240 0 0 6526 71874 548 71326 71326 71326
9 0 0 0 0 86 240 0 0 7089 78090 595 77494 77494 77494
10 0 0 0 0 91 240 0 0 7704 84867 647 84220 84220 84220
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 40000 2000 38000 26 314 720 0 0 2232 39172 306 38866 0 50000
2 0 0 0 19 59 240 0 0 2313 40860 317 40543 0 50000
3 0 0 0 17 61 240 0 0 2414 42639 331 42308 42308 50000
4 0 0 0 15 62 240 0 0 2519 44510 345 44165 44165 50000
5 0 0 0 12 63 240 0 0 2630 46480 361 46120 46120 50000
6 0 0 0 8 64 240 0 0 2747 48555 377 48178 48178 50000
7 0 0 0 2 66 240 0 0 2870 50741 394 50347 50347 50347
8 0 0 0 0 67 240 0 0 3000 53040 411 52628 52628 52628
9 0 0 0 0 69 240 0 0 3136 55456 430 55026 55026 55026
10 0 0 0 0 71 240 0 0 3280 57994 450 57545 57545 57545
IN THIS POLICY, THE INVESTMENT RISK IS BORNE 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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