“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 ate entry: 35 years
Age of dependant: 5 years
Premium paying term: 15 years
Sum Asured: Rs. 1,00,000/-
Annual premium: Rs. 4095/-
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| 1
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4095
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100000
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0
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0 |
100000
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100000
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| 2
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8190
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110000
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0 |
0 |
110000
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110000
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| 3
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12285
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120000
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0
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0
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120000
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120000
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| 4
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16380
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130000
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0
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0
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130000
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130000
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| 5
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20475
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140000
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0
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0
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140000
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140000
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| 6
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24570
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150000
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0
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0
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150000
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150000
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| 7
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28665
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160000
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0
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0
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160000
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160000
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| 8
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32760
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170000
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0
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0
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170000
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170000
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| 9
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36855
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180000
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0
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0
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180000
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180000
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| 10 |
40950
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190000
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0
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0
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190000
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190000
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| 15 |
61425
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240000
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0
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0
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240000
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240000
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| 20 |
61425
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290000
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0
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1000
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290000
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291000
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| 30 |
61425
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390000
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0
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33000
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390000
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423000
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| 40 |
61425
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400000
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0
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140000
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400000
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540000
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20% of the amount shall be paid in lump
sum and the balance of 80% shall be utilised
to pay an annuity on the life of handicapped
dependant. For example, if the life assured
dies during 15th year, then Rs.48,000/-
will be paid in a lump sum and Rs.17,530/-
will be paid as yearly annuity for 15
years certain and thereafter so long the
handicapped dependant survives.
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.
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