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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.”

Benefit Illustration1

Age of LA (Yrs.): 0
Term(Yrs.): 25
Age At Maturity (Yrs.): 25
PPT(Yrs.): 6
Sum Assured(Rs.): 100000
Premium: 10158
Extd Term(Yrs.): 7

END OF YEAR TOTAL PREMIUMS PAID BENEFIT ON DEATH DURING THE YEAR
  GUARANTEED VARIABLE TOTAL
SCENARIO 1 SCENARIO 2 SCENARIO 1 SCENARIO 2
1 10158 10463 0 0 10463 10463
2 20316 21239 0 0 21239 21239
3 30474 32339 0 0 32339 32339
4 40632 43772 0 0 43772 43772
5 50790 55548 0 0 55548 55548
6 60948 100000 13200 54000 113200 154000
7 60948 100000 15400 63000 115400 163000
8 60948 100000 17600 72000 117600 172000
9 60948 100000 19800 81000 119800 181000
10 60948 100000 22000 90000 122000 190000
11 60948 100000 24200 99000 124200 199000
12 60948 100000 26400 108000 126400 208000
13 60948 100000 28600 117000 128600 217000
14 60948 100000 30800 126000 130800 226000
15 60948 100000 42000 180000 142000 280000
16 60948 100000 44800 192000 144800 292000
17 60948 100000 47600 204000 147600 304000
18 60948 100000 50400 216000 150400 316000
19 60948 100000 53200 228000 153200 328000
20 60948 100000 56000 240000 156000 340000
21 60948 100000 58800 252000 158800 352000
22 60948 100000 61600 264000 161600 364000
23 60948 100000 64400 276000 164400 376000
24 60948 100000 67200 288000 167200 388000
25 60948 100000 70000 300000 170000 400000
26   100000 0 0 100000 100000
27   100000 0 0 100000 100000
28   100000 0 0 100000 100000
29   100000 0 0 100000 100000
30   100000 0 0 100000 100000
31   100000 0 0 100000 100000
32   100000 0 0 100000 100000


Benefit Illustration2

Age of LA (Yrs.): 0
Term(Yrs.): 25
Age At Maturity (Yrs.): 25
PPT(Yrs.): 6
Sum Assured(Rs.): 100000
Premium: 10158
Extd Term(Yrs.): 7

END OF YEAR TOTAL PREMIUMS PAID BENEFIT ON DEATH DURING THE YEAR
  GUARANTEED VARIABLE TOTAL
SCENARIO 1 SCENARIO 2 SCENARIO 1 SCENARIO 2
1 10158 0 0 0 0 0
2 20316 0 0 0 0 0
3 30474 0 0 0 0 0
4 40632 0 0 0 0 0
5 50790 0 0 0 0 0
6 60948 0 0 0 0 0
7 60948 0 0 0 0 0
8 60948 0 0 0 0 0
9 60948 0 0 0 0 0
10 60948 0 0 0 0 0
11 60948 0 0 0 0 0
12 60948 0 0 0 0 0
13 60948 0 0 0 0 0
14 60948 0 0 0 0 0
15 60948 0 0 0 0 0
16 60948 0 0 0 0 0
17 60948 0 0 0 0 0
18 60948 0 0 0 0 0
19 60948 0 0 0 0 0
20 60948 25000 0 0 25000 25000
21 60948 10000 0 0 10000 10000
22 60948 10000 0 0 10000 10000
23 60948 10000 0 0 10000 10000
24 60948 10000 0 0 10000 10000
25 60948 50000 70000 300000 120000 350000

 

Benefit Illustration3

Age of LA (Yrs.): 0
Term(Yrs.): 25
Age At Maturity (Yrs.): 25
PPT(Yrs.): 20
Sum Assured(Rs.): 100000
Premium: 4528
Extd Term(Yrs.): 7

END OF YEAR TOTAL PREMIUMS PAID BENEFIT ON DEATH DURING THE YEAR
  GUARANTEED VARIABLE TOTAL
SCENARIO 1 SCENARIO 2 SCENARIO 1 SCENARIO 2
1 4528 4664 0 0 4664 4664
2 9056 9468 0 0 9468 9468
3 13584 14415 0 0 14415 14415
4 18112 19512 0 0 19512 19512
5 22640 24761 0 0 24761 24761
6 27168 100000 12000 39000 112000 139000
7 31696 100000 14000 45500 114000 145500
8 36224 100000 16000 52000 116000 152000
9 40752 100000 18000 58500 118000 158500
10 45280 100000 20000 65000 120000 165000
11 49808 100000 22000 71500 122000 171500
12 54336 100000 24000 78000 124000 178000
13 58864 100000 26000 84500 126000 184500
14 63392 100000 28000 91000 128000 191000
15 67920 100000 39000 127500 139000 227500
16 72448 100000 41600 136000 141600 236000
17 76976 100000 44200 144500 144200 244500
18 81504 100000 46800 153000 146800 253000
19 86032 100000 49400 161500 149400 261500
20 90560 100000 52000 170000 152000 270000
21 90560 100000 54600 178500 154600 278500
22 90560 100000 57200 187000 157200 287000
23 90560 100000 59800 195500 159800 295500
24 90560 100000 62400 204000 162400 304000
25 90560 100000 65000 212500 165000 312500
26   100000 0 0 100000 100000
27   100000 0 0 100000 100000
28   100000 0 0 100000 100000
29   100000 0 0 100000 100000
30   100000 0 0 100000 100000
31   100000 0 0 100000 100000
32   100000 0 0 100000 100000

 

Benefit Illustration4


Age of LA (Yrs.): 0
Term(Yrs.): 25
Age At Maturity (Yrs.): 25
PPT(Yrs.): 20
Sum Assured(Rs.): 100000
Premium: 4528
Extd Term(Yrs.): 7

END OF YEAR TOTAL PREMIUMS PAID BENEFIT ON DEATH DURING THE YEAR
  GUARANTEED VARIABLE TOTAL
SCENARIO 1 SCENARIO 2 SCENARIO 1 SCENARIO 2
1 4528 0 0 0 0 0
2 9056 0 0 0 0 0
3 13584 0 0 0 0 0
4 18112 0 0 0 0 0
5 22640 0 0 0 0 0
6 27168 0 0 0 0 0
7 31696 0 0 0 0 0
8 36224 0 0 0 0 0
9 40752 0 0 0 0 0
10 45280 0 0 0 0 0
11 49808 0 0 0 0 0
12 54336 0 0 0 0 0
13 58864 0 0 0 0 0
14 63392 0 0 0 0 0
15 67920 0 0 0 0 0
16 72448 0 0 0 0 0
17 76976 0 0 0 0 0
18 81504 0 0 0 0 0
19 86032 0 0 0 0 0
20 90560 25000 0 0 25000 25000
21 90560 10000 0 0 10000 10000
22 90560 10000 0 0 10000 10000
23 90560 10000 0 0 10000 10000
24 90560 10000 0 0 10000 10000
25 90560 50000 65000 212500 115000 262500

 

Notes :

(i) This illustration is applicable to a 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.

EXTRACT from Section 41 of the Insurance Act :

No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of  the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate,  except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer : provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bonafide insurance agent employed by the insurer.

Any person making default in complying with the provisions of this Section shall be punishable with a fine which may extend to Rs.500 / -

Note : “Conditions apply” for which please refer to the Policy document or contact our nearest Branch Office.

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