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Home » Products » Withdrawn Plans » LIC's Jeevan Kishore ( Plan No. 102) » Benefit Illustration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 insurer carrying on life insurance business. 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 future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance."

Illustration 1 (Table 102)

Age at entry of child : 10 Years
Policy Term : 25 Years
Age of child at Maturity : 35 Years
Mode of premium payment : Yearly
Sum Assured : Rs. 1,00,000 /-
Annual Premium : Rs. 3635 /- ;

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 3635
 
3635
 
0 0 3635
 
3635
 
2 7270
 
7270
 
0 0 7270
 
7270
 
3 10905
 
100000 6300
 
16500
 
106300
 
116500
 
4 14540
 
100000 8400
 
22000
 
108400
 
122000
 
5 18175
 
100000 10500
 
27500
 
110500
 
127500
 
6 21810
 
100000 12600
 
33000
 
112600
 
133000
 
7 25445
 
100000 14700
 
38500
 
114700
 
138500
 
8 29080
 
100000 16800
 
44000
 
116800
 
144000
 
9 32715
 
100000 18900
 
49500
 
118900
 
149500
 
10 36350
 
100000 21000
 
55000
 
121000
 
155000
 
12 43620
 
100000 25200
 
66000
 
125200
 
166000
 
15 54525 100000 31500
 
82500
 
131500
 
182500
 
20 72700 100000 42000
 
110000
 
142000
 
210000
 
25 90875
 
100000 69500
 
182500
 
169500
 
282500
 



(i) This illustration is applicable to a non-smoker male/female standard (from medical and life style 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 bonuses 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 amounts 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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