“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.”
Age at entry : 35 years (Equivalent age)
Policy Term : 25 Years
Mode of premium payment : Yearly
Sum Assured : Rs. 1,00,000 /-
Annual Premium : Rs. 5361 /-
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| 1
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5,361
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100000 |
100000 |
2,100
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5,700
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102,100 |
105,700
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| 2
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10,722
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100000 |
100000 |
4,200
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11,400
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104,200
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111,400
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| 3
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16,083
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100000 |
100000 |
6,300
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17,100
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106,300
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117,100
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| 4
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21,444
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100000 |
100000 |
8,400
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22,800
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108,400
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122,800
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| 5
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26,805
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100000 |
100000 |
10,500
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28,500
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110,500
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128,500
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| 6
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32,166
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100000 |
100000 |
12,600
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34,200
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112,600
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134,200
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| 7
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37,527
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100000 |
100000 |
14,700
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39,900
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114,700
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139,900
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| 8
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42,888
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100000 |
100000 |
16,800
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57,000
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116,800
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145,600
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| 9
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48,249
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100000 |
100000 |
18,900
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57,000
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118,900
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151,300
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| 10 |
53,610
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100000 |
100000 |
21,000
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57,000
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121,000
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151,300
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| 15
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80,415
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100000 |
100000 |
31,500
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85,500
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131,500
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185,500
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| 20
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107,220
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100000 |
100000 |
56,000
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152,000
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156,000
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252,000
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| 25
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134,025
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100000 |
100000 |
69,500
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189,500
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169,500
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289,500
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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 amounts
shown at the end of the policy term.
vi) Equivalent age for premium calculation
is worked out by referring to actual ages
of the lives covered.
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