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Home » Products » Withdrawn Plans » Wealth plus » Benefit Illustration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 WEALTH Plus
Unique Identification No.512L259V01
Amount of Instalment Premium: 40000
Policy Term : 8 Years
Age : 30
Premium Paying Term: Single
Extended term cover 2 Years
Funds opted for: WEALTH FUND
Mode of Premium Payment : Single
Service Tax rate 10.30%p.a
Sum Assured : 100000
Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interest as mentioned

Gross Yield 10.00%
Net Yield 7.38%

(All charges are in Rupees)

 

Policy
Year
Annualised
Premium
Premium
Allocation 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 FMC Fund at End Surrender
Value
Death Benefit
                             
1 40000 2000 38000 195 354 720 136 0 3700 40294 388 39906 0 139906
2       195 108 300 145 0 3934 43092 413 42680 0 142680
3       195 113 309 155 0 4209 46117 441 45675 45675 145675
4       195 119 318 166 0 4506 49383 472 48911 48911 148911
5       195 124 328 178 0 4827 52913 506 52407 52407 152407
6       195 130 338 190 0 5173 56727 542 56184 56184 156184
7       195 137 348 204 0 5548 60848 582 60267 60267 160267
8       195 144 358 219 0 5953 65303 624 64679 64679 164679
9               0   0   0 0 100000
10               0   0   0 0 100000

Gross Yield 6%
(All charges are in Rupees)

Policy
Year
Annualised
Premium
Premium
Allocation 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 FMC Fund at End Surrender
Value
Death Benefit
                             
1 40000 2000 38000 195 353 720 133 0 2220 38818 380 38438 0 138438
2       195 105 300 137 0 2273 39974 389 39585 0 139585
3       195 108 309 141 0 2341 41174 401 40773 40773 140773
4       195 110 318 145 0 2411 42416 413 42003 42003 142003
5       195 113 328 149 0 2484 43702 425 43276 43276 143276
6       195 116 338 154 0 2560 45034 438 44595 44595 144595
7       195 119 348 159 0 2638 46414 452 45962 45962 145962
8       195 122 358 163 0 2719 47843 466 47377 47377 147377
9               0   0   0 0 100000
10               0   0   0 0 100000


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.


I ……………………….(Name), having received the information with respect to the above , have understood the above statement before entering into the contract.

Marketing officials' Signature: Policyholders' Signature:
Company Seal:

Place:
Date:   PRODUCT FEATURES :
Name of the Product: LIC's WEALTH Plus
Amount of Instalment Premium: 20000
Policy Term : 8 Years
Age : 30
Premium Paying Term: 3 Years
Extended term cover 2 Years
Funds opted for: WEALTH FUND
Mode of Premium Payment : Yearly
Service Tax rate 10.30%p.a
Sum Assured : 100000

Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interest as mentioned
Gross Yield 10.00%
Net Yield 7.29%

(All charges are in Rupees)  

Policy
Year
Annualised
Premium
Premium
Allocation 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 FMC Fund at End Surrender
Value
Death Benefit
                             
1 20000 2400 17600 195 366 720 61 0 1670 17927 175 17752 0 117752
2 20000 500 19500 195 156 300 135 0 3665 40132 384 39748 0 139748
3 20000 500 19500 195 189 309 215 0 5849 64189 613 63575 63575 163575
4       195 145 318 231 0 6284 68970 659 68311 68311 168311
5       195 152 328 249 0 6753 74141 708 73433 73433 173433
6       195 161 338 267 0 7261 79733 761 78972 78972 178972
7       195 170 348 288 0 7811 85783 819 84964 84964 184964
8       195 180 358 309 0 8405 92327 881 91445 91445 191445
9               0   0   0 0 100000
10               0   0   0 0 100000


Gross Yield 6%
(All charges are in Rupees)   9

Policy
Year
Annualised
Premium
Premium
Allocation 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 FMC Fund at End Surrender
Value
Death Benefit
                             
1 20000 2400 17600 195 365 720 60 0 1002 17261 172 17090 0 117090
2 20000 500 19500 195 154 300 130 0 2160 37971 370 37601 0 137601
3 20000 500 19500 195 184 309 203 0 3382 59591 579 59012 59012 159012
4       195 136 318 210 0 3498 61651 599 61051 61051 161051
5       195 140 328 218 0 3620 63790 620 63171 63171 163171
6       195 144 338 225 0 3745 66014 641 65373 65373 165373
7       195 148 348 233 0 3876 68325 664 67661 67661 167661
8       195 153 358 241 0 4012 70726 687 70039 70039 170039
              0   0   0 0 100000
10               0   0   0 0 100000


  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.


I ……………………….(Name), having received the information with respect to the above , have understood the above statement before entering into the contract.

Marketing officials' Signature: Policyholders' Signature:
Company Seal:

Place:
Date:

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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