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Home » Products » Withdrawn Plans » LIC's Samridhi Plus (Plan No. 804) » Benefit Illustration
Benefit Illustration

Benefit Illustration

PRODUCT FEATURES :
Name of the Product:LIC's Samridhi Plus
Unique Identification No.
Age:30
Service Tax Rate:10.30%
Sum Assured:200000
Policy Term :10
Premium Paying Term:5
Mode of Premium Payment :Yearly
Amount of Instalment Premium:20000
Funds opted for:Samridhi Plus
FundCombination:Basic Plan With Life Cover
FMC Rate :0.90%p.a.
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)

Assuming Gross Interest of 6% p.a.
Assuming Gross Interest of 10% p.a.
 

 
Policy
Year
Annualised
Premium
Premium
Allocn Charge
Amount Available
for investment
( out of premium )
Policy Admin
Charge
FMC Other
Charges
Total
Charges
Addition to
Fund (if any)
Fund at the end Surrender Value Death Benefit FMC Other
Charges
Total
Charges
Addition to
Fund (if any)
Fund at the end Surrender Value Death Benefit Commission/
Brokerage,
if payable
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20)
1 20000 1200 18800 360 170 396 2125 1099 18974 0 200000 173 397 2130 1833 19702 0 200000 1000
2 20000 900 19100 371 347 471 2088 2249 39135 0 200000 361 477 2108 3821 41415 0 200000 400
3 20000 900 19100 382 532 555 2369 3451 60217 0 200000 564 569 2415 5978 64978 0 200000 400
4 20000 900 19100 393 726 643 2663 4708 82262 0 200000 786 668 2747 8320 90551 0 200000 400
5 20000 900 19100 405 929 735 2969 6023 105316 105316 200000 1026 774 3105 10862 118308 118308 200000 400
6 0 0 0 417 965 756 2138 6258 109436 109436 200000 1107 812 2336 11722 127694 127694 200000 0
7 0 0 0 430 1003 782 2215 6503 113724 113724 200000 1195 855 2479 12654 137869 137869 200000 0
8 0 0 0 443 1042 810 2295 6758 118188 118188 200000 1290 899 2632 13665 148902 148902 200000 0
9 0 0 0 456 1083 839 2378 7024 122834 122834 200000 1394 944 2794 14761 160869 160869 200000 0
10 0 0 0 470 1126 868 2463 7300 127671 127671 200000 1506 989 2964 15950 173855 173855 200000 0
          Net Yield: 3.92% Net Yield: 7.90%  

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

Note:

1. 'Addition to Fund' shown above is interest income on the fund.
2. Rider Charges are not taken into account in this illustration
3. Service Tax charge is as per existing laws and rate. ( Service Tax on FMC is based on the existing tax laws considering FMC rate as 1.35% p.a., the maximum prescribed by IRDA)
4. Other charges include Guarantee charge ( at the rate of 0.4% p.a. of the fund value),Mortality charge and Service Tax charge. Service tax is levied on Mortality charge and FMC.
5. The commission/brokerage, if payable to any agent/broker is under col. 20. This amount is included in total charges mentioned in col. (8) or col. (15)

Note: The above benefit illustration is subject to payment of stipulated premiums on due dates   PRODUCT FEATURES :
Name of the Product:LIC's Samridhi Plus
Unique Identification No.
Age:30Service Tax Rate:10.30%
Sum Assured:37500Policy Term :10
Premium Paying Term:1
Mode of Premium Payment :Single
Amount of Instalment
Premium:30000
Funds opted for:Samridhi Plus
FundCombination:Basic Plan With Life Cover
FMC Rate :0.90%p.a.

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)Assuming Gross Interest of 6% p.a.Assuming Gross Interest of 10% p.a.

 
Policy
Year
Annualised
Premium
Premium
Allocn Charge
Amount Available
for investment
( out of premium )
Policy Admin
Charge
FMC Other
Charges
Total
Charges
Addition to
Fund (if any)
Fund at the end Surrender Value Death Benefit FMC Other
Charges
Total
Charges
Addition to
Fund (if any)
Fund at the end Surrender Value Death Benefit Commission/
Brokerage,
if payable
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20)
1 30000 990 29010 360 265 176 1790 1717 29926 0 37500 270 178 1798 2861 31063 0 37500 600
2 0 0 0 371 273 175 819 1771 30879 0 37500 289 182 843 3065 33286 0 37500 0
3 0 0 0 382 282 179 843 1828 31863 0 37500 310 191 883 3286 35688 0 37500 0
4 0 0 0 393 291 183 868 1886 32882 0 37500 333 201 927 3524 38286 0 38286 0
5 0 0 0 405 300 188 893 1947 33936 33936 37500 357 214 976 3782 41091 41091 41091 0
6 0 0 0 417 310 192 919 2009 35026 35026 37500 383 230 1030 4060 44120 44120 44120 0
7 0 0 0 430 320 196 945 2074 36154 36154 37500 412 247 1088 4360 47391 47391 47391 0
8 0 0 0 443 330 200 973 2141 37322 37322 37500 442 265 1150 4684 50925 50925 50925 0
9 0 0 0 456 341 204 1001 2210 38531 38531 38531 475 285 1216 5034 54743 54743 54743 0
10 0 0 0 470 352 211 1032 2282 39780 39780 39780 511 306 1287 5413 58869 58869 58869 0
          Net Yield: 3.47% Net Yield: 7.59%  
 

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

Note:

1. 'Addition to Fund' shown above is interest income on the fund.
2. Rider Charges are not taken into account in this illustration
3. Service Tax charge is as per existing laws and rate.    ( Service Tax on FMC is based on the existing tax laws considering FMC rate as 1.35% p.a., the maximum prescribed by IRDA)
4. Other charges include Guarantee charge ( at the rate of 0.4% p.a. of the fund value),Mortality charge and Service Tax charge. Service tax is levied on Mortality charge and FMC.
5. The commission/brokerage, if payable to any agent/broker is under col. 20. This amount is included in total charges mentioned in col. (8) or col. (15)
Note: The above benefit illustration is subject to payment of stipulated premiums on due dates

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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