“Some benefits are guaranteed and
some benefits are variable with returns
based on the future performance of your
insurer carrying on ife 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.”
(Table 41)
Age at entry: 10 years
Policy Term: 25 Years Deferment period:
11 years
Premium Paying Term: 25 Years
Mode of premium payment: Yearly
Sum Assured: Rs. 1,00,000 /-
Annual Premium: Rs.
2673 /-
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1
|
2673
|
2673
|
- |
- |
2673
|
2673
|
| 2
|
5346
|
5346
|
- |
- |
5346
|
5346
|
| 3
|
8018
|
8018
|
- |
- |
8018
|
8018
|
| 4
|
10691
|
10691
|
- |
- |
10691
|
10691
|
| 5
|
13364
|
13364
|
|
- |
13364
|
13364
|
| 6
|
16037
|
16037
|
- |
- |
16037
|
16037
|
| 7
|
18709
|
18709
|
- |
- |
18709 |
18709
|
| 8
|
21382
|
21382
|
- |
- |
21382
|
21382
|
| 9
|
24055
|
24055
|
- |
- |
24055
|
24055
|
| 10 |
26728
|
26728
|
- |
- |
26728
|
26728
|
| 12
|
2073 |
100000 |
2100
|
5500
|
102100
|
105500
|
| 15
|
40092
|
100000
|
8400
|
22000
|
108400
|
122000
|
| 20
|
53456
|
100000 |
18900
|
49500
|
118900
|
149500
|
| 25
|
66819
|
100000 |
46400
|
122000
|
146400
|
222000
|
Note: The proposer will have the option
to take a cash payment of Rs.39,890/-
on the Deferred Date on cancellation of
the policy contract entirely.
(Table 50)
Age at entry: 10 years
Policy Term: 25 Years Deferment period:
8 years
Premium Paying Term: 25 Years
Mode of premium payment: Yearly
Sum Assured: Rs. 1,00,000 /-
Annual Premium: Rs.
2924 /-
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1
|
2924
|
2924
|
- |
- |
2924
|
2924
|
| 2
|
5848
|
5848
|
- |
- |
5848
|
5848
|
| 3
|
8772
|
8772
|
- |
- |
8772
|
8772
|
| 4
|
11696
|
11696
|
- |
- |
11696
|
11696
|
| 5
|
14620
|
14620
|
|
- |
14620
|
14620
|
| 6
|
17544
|
17544
|
- |
- |
17544
|
17544
|
| 7
|
20468
|
20468
|
- |
- |
20468
|
20468
|
| 8
|
23392
|
23392
|
- |
- |
23392
|
23392
|
| 9
|
26316
|
100000
|
2100 |
5500 |
102100
|
105500 |
| 10 |
29240
|
100000
|
4200 |
11000 |
104200
|
111000
|
| 12
|
35087 |
100000 |
8400
|
22000
|
108400
|
122000
|
| 15
|
43859
|
100000
|
14700
|
38500
|
114700
|
138500
|
| 20
|
58479
|
100000 |
25200
|
66000
|
125200
|
166000
|
| 25
|
73099
|
100000 |
46700
|
124500
|
146700
|
224500
|
i) This illustration is applicable to
a non-smoker male/female standard (from
medical, life style andoccupation point
of view) life.
ii) The non-guaranteed benefits (1) and
(2) in above illustration are calculated
so that they are consistentwith 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 theProjected Investment Rate of Return
that LICI will be able to earn throughout
the term of the policy will be6% 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 andthe 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 amounts
shown at the end of the policy term.
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