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Home » Products » Withdrawn Plans » LIC's Jeevan Suraksha_I (Plan No. 147, UIN: 512N205V01) » Benefit Illustration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 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 No. 147/148
Age at entry: 35 years
Policy Term: 25 years
Premium paying term: 25 years
Sum Assured: Rs. 1,00,000/-
Yearly Premium: Rs. 3,130/-
 

Year Total premiums paid till end of year Benefit on death payable at the end of year (Rs.)
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 3130 3130 79 188 3209 3318
2 6260 6260 238 576 6498 6836
3 9390 9390 479 1174 9869 10564
4 12520 12520 804 1996 13324 14516
5 15650 15650 1216 3055 16866 18705
6 18780 18780 1716 4366 20496 23146
7 21910 21910 2308 5943 24218 27853
8 25040 25040 2992 7803 28032 32843
9 28170 28170 3771 9961 31941 38131
10 31300 31300 4648 12438 35948 43738
15 46950 46950 15568 37222 62518 84172
20 62600 62600 29027 74718 91627 137318
25 78250 78250 78250 168913 145787 247163
  Maturity Guaranteed Variable Total
    Scenario 1 Scenario 2 Scenario 1 Scenario 2
25 78250 100000 53000 156500 153000 256500


Illustration 2:
Table No. 147/148
Age at entry: 35 years
Policy Term: 25 years
Sum Assured (Rs.): 100000
Single Premium (Rs.): 41,327
 

Year Total premiums paid till end of year Benefit on death payable at the end of year (Rs.)
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 41327 41327 1033 2479 42360 43806
2 41327 41327 2092 5108 43419 46435
3 41327 41327 3177 7894 44504 49221
4 41327 41327 4290 10847 45617 52174
5 41327 41327 5431 13978 46758 55305
6 41327 41327 6599 17296 47926 58623
7 41327 41327 7798 20813 49125 62140
8 41327 41327 9026 24542 50353 65869
9 41327 41327 10285 28494 51612 69821
10 41327 41327 11575 32683 32683 74010
15 41327 41327 27910 72695 69237 114022
20 41327 41327 40905 118595 82232 159922
25 41327 41327 82878 241699 124205 283026
Maturity Benefit
  Benefit Payable at Maturity Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
25 41327 100000 36500 216500 136500 316500

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 sum shown in the illustration is to be annuitised. However, the policyholder can opt to take upto one-fourth of the maturity sum as a tax-free lump sum

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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