“Some benefits are guaranteed and
some benefits are variable with returns
based on the future performance of your
life insurance company. 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 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 dependant
on a number of factors including future
investment performance.”
Table No. 91
Age at entry: 35 years
Sum Assured: Rs.1,00,000/-
Premium Paying term: 25 years
Mode of premium payment: Yearly
Annual Premium: Rs. 4,246 /-
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| 1
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4,246 |
100000 |
2100 |
5500
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102100
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105500
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| 2
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8,492
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100000 |
4200
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11000
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104200
|
111000
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| 3
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12,738
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100000 |
6300
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16500
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106300
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116500
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| 4
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16,984 |
100000 |
8400
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22000 |
108400 |
122000 |
| 5
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21,230
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100000 |
10500
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27500
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110500
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127500
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| 6
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25,476 |
100000 |
12600 |
33000 |
112600 |
133000 |
| 7
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29,722 |
100000 |
14700 |
38500 |
114700 |
138500 |
| 8
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33,968
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100000 |
16800
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44000
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116800
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144000
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| 9
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38,214 |
100000 |
18900 |
49500 |
118900 |
149000 |
| 10 |
42,460 |
100000 |
21000 |
55000 |
121000 |
155000 |
| 15
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63,690 |
100000 |
31500 |
82500 |
131000 |
182000 |
| 20
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84,920 |
100000 |
56000 |
146000 |
156000 |
246000 |
| 25
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1,06,150 |
100000 |
69500 |
182000 |
169500 |
282000 |
* In addition
to the benefits as given above, Accident
Benefit of Rs.1,00,000/- will be available
without payment of extra premium.
(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.
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