|
“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.”
Age
at entry: 35 Years
Policy Term: 25 Years
Mode of premium payment: Yearly
Sum Assured: Rs. 1,00,000 /-
Annual Premium: Rs. 4653 /-
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1
|
4653
|
100000 |
0
|
0 |
100000 |
100000 |
| 2
|
9306
|
100000 |
0 |
0 |
100000 |
100000 |
| 3
|
13959
|
100000 |
0 |
0 |
100000 |
100000 |
| 4
|
18612
|
100000 |
0 |
0 |
100000 |
100000 |
| 5
|
23265
|
100000 |
0 |
0 |
100000 |
100000 |
| 6
|
27918
|
100000 |
0 |
0 |
100000 |
100000 |
| 7
|
32571
|
100000 |
0 |
0 |
100000 |
100000 |
| 8
|
37224
|
100000 |
0 |
0 |
100000 |
100000 |
| 9
|
41877
|
100000 |
0 |
0 |
100000 |
100000 |
| 10 |
46530
|
100000 |
0 |
0 |
100000 |
100000 |
| 15
|
69795
|
100000 |
0 |
0 |
100000 |
100000 |
| 20
|
93060
|
100000 |
0 |
0 |
100000 |
100000 |
| 25
|
116325
|
100000 |
0 |
0 |
100000 |
100000 |
In addition,
Year
|
Total
Premiums paid till end of year
|
Benefit
payable on death/survival upto the
end of policy term |
Guaranteed
|
Variable
|
Total |
Scenario
1
|
Scenario
2
|
Scenario
1
|
Scenario
2 |
22
|
102366
|
25,000
|
0
|
0
|
25,000
|
25,000 |
23
|
107019
|
25,000
|
0
|
0
|
25,000
|
25,000 |
24
|
111672
|
25,000
|
0
|
0
|
25,000
|
25,000 |
25
|
116325
|
25,000
|
69,500
|
182,500
|
94,500
|
207,500 |
(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.
|
