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Home » Products » Withdrawn Plans » LIC's Jeevan Shree_I » Benefit Illustration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.”

Age at entry: 35 years
Policy term: 25 years
Premium Paying Term: 16 years
Sum Assured: Rs. 5,00,000/-
Yearly Premium: Rs. 25,186/-
 

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 25186
 
500000
 
0
 
0
 
500000
 
500000
 
2 50372
 
525000
 
0
 
0
 
525000
 
525000
 
3 75558
 
550000
 
0
 
0
 
550000
 
550000
 
4 100744
 
575000
 
0
 
0
 
575000
 
575000
 
5 125930
 
600000
 
0
 
0
 
600000
 
600000
 
6 151116
 
625000
 
9500
 
36500
 
634500
 
661500
 
7 176302
 
625000
 
19000
 
73000
 
644000
 
698000
 
8 201488
 
625000
 
28500
 
109500
 
653500
 
734500
 
9 226674
 
625000
 
38000
 
146000
 
663000
 
771000
 
10 251860
 
625000
 
47500
 
182500
 
672500
 
807500
 
12 377790
 
625000
 
95000
 
365000
 
720000
 
990000
 
15 402976
 
625000
 
104500
 
401500
 
729500
 
1026500
 
20 402976
 
625000
 
189500
 
729500
 
814500
 
1354500
 
25 402976
 
625000
 
253000
 
973000
 
878000
 
1598000
 

 
(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 benefit is the amount 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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