Benefit Illustration :
TABLE I
(APPLICABLE TO LINKED PRODUCTS)
(This shall form a part of policy document)
Name of the Product: LIC'S Money Plus I
Unique Identification No.: 512L248V01
Sum Assured: 300000
Policy Term : 20
Premium Paying Term: 20
Mode of Premium Payment: Annual
Amount of Instalment Premium: 10000
Funds opted for: Secured
Combination: Basic Plan without life cover
Age: 35
Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interst as mentioned (All charges are in Rupees)
| Policy Year |
Annualised
Premium |
Premium
Allocn Charge |
Amount Available
for investment
(out of premium ) |
Policy Admin
Charge |
Assuming gross interest rate of 6% p.a. |
Assuming gross interest rate of 10% p.a. |
Fund Mgt
Charge |
Other
Charges |
Total
Charges |
Addition to
Fund
(if any) |
Fund at
the End |
Surrender
Value |
Death
Benefit |
Fund Mgt
Charge |
Other
Charges |
Total
Charges |
Addition to
Fund (if any) |
Fund at
the End |
Surrender
Value |
Death
Benefit |
| |
| 1 |
10000 |
2650 |
7350 |
720 |
52 |
996 |
4417 |
375 |
5958 |
0 |
300000 |
53 |
996 |
4418 |
626 |
6207 |
0 |
300000 |
| 2 |
10000 |
500 |
9500 |
240 |
123 |
701 |
1564 |
892 |
15286 |
0 |
300000 |
127 |
700 |
1568 |
1512 |
16152 |
0 |
300000 |
| 3 |
10000 |
500 |
9500 |
247 |
199 |
734 |
1681 |
1448 |
25054 |
25054 |
300000 |
211 |
733 |
1691 |
2501 |
26961 |
26961 |
300000 |
| 4 |
10000 |
250 |
9750 |
255 |
282 |
739 |
1526 |
2048 |
35576 |
35576 |
300000 |
304 |
736 |
1544 |
3603 |
39021 |
39021 |
300000 |
| 5 |
10000 |
250 |
9750 |
262 |
368 |
777 |
1657 |
2675 |
46594 |
46594 |
300000 |
405 |
770 |
1687 |
4803 |
52137 |
52137 |
300000 |
| 6 |
10000 |
250 |
9750 |
270 |
459 |
824 |
1802 |
3332 |
58124 |
58124 |
300000 |
515 |
811 |
1846 |
6107 |
66398 |
66398 |
300000 |
| 7 |
10000 |
250 |
9750 |
278 |
553 |
866 |
1947 |
4020 |
70197 |
70197 |
300000 |
634 |
845 |
2007 |
7526 |
81917 |
81917 |
300000 |
| 8 |
10000 |
250 |
9750 |
287 |
652 |
893 |
2082 |
4741 |
82856 |
82856 |
300000 |
764 |
860 |
2161 |
9071 |
98826 |
98826 |
300000 |
| 9 |
10000 |
250 |
9750 |
295 |
756 |
916 |
2218 |
5496 |
96134 |
96134 |
300000 |
906 |
868 |
2319 |
10754 |
117261 |
117261 |
300000 |
| 10 |
10000 |
250 |
9750 |
304 |
866 |
943 |
2363 |
6289 |
110060 |
110060 |
300000 |
1061 |
872 |
2487 |
12590 |
137364 |
137364 |
300000 |
| 11 |
10000 |
250 |
9750 |
313 |
980 |
972 |
2515 |
7120 |
124665 |
124665 |
300000 |
1230 |
869 |
2662 |
14593 |
159295 |
159295 |
300000 |
| 12 |
10000 |
250 |
9750 |
323 |
1100 |
998 |
2671 |
7992 |
139987 |
139987 |
300000 |
1414 |
851 |
2838 |
16778 |
183236 |
183236 |
300000 |
| 13 |
10000 |
250 |
9750 |
332 |
1226 |
1018 |
2826 |
8907 |
156068 |
156068 |
300000 |
1615 |
810 |
3007 |
19165 |
209394 |
209394 |
300000 |
| 14 |
10000 |
250 |
9750 |
342 |
1358 |
1026 |
2977 |
9868 |
172959 |
172959 |
300000 |
1835 |
736 |
3163 |
21775 |
238005 |
238005 |
300000 |
| 15 |
10000 |
250 |
9750 |
352 |
1497 |
1018 |
3118 |
10878 |
190719 |
190719 |
300000 |
2076 |
618 |
3297 |
24631 |
269340 |
269340 |
300000 |
| 16 |
10000 |
250 |
9750 |
363 |
1643 |
988 |
3245 |
11940 |
209414 |
209414 |
300000 |
2339 |
445 |
3397 |
27762 |
303704 |
303704 |
303704 |
| 17 |
10000 |
250 |
9750 |
374 |
1797 |
930 |
3351 |
13059 |
229122 |
229122 |
300000 |
2628 |
402 |
3654 |
31189 |
341239 |
341239 |
341239 |
| 18 |
10000 |
250 |
9750 |
385 |
1960 |
836 |
3431 |
14240 |
249931 |
249931 |
300000 |
2943 |
442 |
4021 |
34926 |
382145 |
382145 |
382145 |
| 19 |
10000 |
250 |
9750 |
397 |
2132 |
699 |
3478 |
15488 |
271941 |
271941 |
300000 |
3286 |
486 |
4419 |
38999 |
426724 |
426724 |
426724 |
| 20 |
10000 |
250 |
9750 |
409 |
2313 |
511 |
3483 |
16809 |
295267 |
295267 |
300000 |
3660 |
534 |
4853 |
43437 |
475309 |
475309 |
475309 |
IN THIS POLICY, THE INVESTMENT RISK IS BORN BY THE POLICY HOLDER AND THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATION PURPOSE.
Other Charges : Mortality charge + Service tax on Premium Allocation charge,Policy Administration charge, Fund Mgt charge and on Mortality charge
___________________________________________________________________________________________________________________________________________
TABLE I
(APPLICABLE TO LINKED PRODUCTS)
(This shall form a part of policy document)
Name of the Product: LIC'S Money Plus I
Unique Identification No.: 512L248V01
Sum Assured: 300000
Policy Term : 20
Premium Paying Term: 20
Mode of Premium Payment: ANNUAL
Amount of Instalment Premium: 10000
Funds opted for: Secured
Combination: Basic plan with life cover + AB
Age: 35
Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interest as mentioned
(All charges are in Rupees)
| Policy Year |
Annualised
Premium |
Premium
Allocn Charge |
Amount Available
for investment
(out of premium ) |
Policy Admin
Charge |
Assuming gross interest rate of 6% p.a. |
Assuming gross interest rate of 10% p.a. |
Fund Mgt
Charge |
Other
Charges |
Total
Charges |
Addition to
Fund
(if any) |
Fund at
the End |
Surrender
Value |
Death
Benefit |
Fund Mgt
Charge |
Other
Charges |
Total
Charges |
Addition to
Fund (if any) |
Fund at
the End |
Surrender
Value |
Death
Benefit |
| |
| 1 |
10000 |
2650 |
7350 |
720 |
51 |
1164 |
4585 |
370 |
5784 |
0 |
300000 |
52 |
1164 |
4586 |
617 |
6030 |
0 |
300000 |
| 2 |
10000 |
500 |
9500 |
240 |
121 |
870 |
1730 |
876 |
14931 |
0 |
300000 |
125 |
869 |
1734 |
1485 |
15781 |
0 |
300000 |
| 3 |
10000 |
500 |
9500 |
247 |
196 |
904 |
1846 |
1422 |
24506 |
24506 |
300000 |
207 |
902 |
1856 |
2455 |
26380 |
26380 |
300000 |
| 4 |
10000 |
250 |
9750 |
255 |
277 |
909 |
1690 |
2010 |
34825 |
34825 |
300000 |
298 |
905 |
1708 |
3537 |
38209 |
38209 |
300000 |
| 5 |
10000 |
250 |
9750 |
262 |
361 |
947 |
1820 |
2625 |
45630 |
45630 |
300000 |
397 |
940 |
1849 |
4713 |
51072 |
51072 |
300000 |
| 6 |
10000 |
250 |
9750 |
270 |
450 |
994 |
1964 |
3269 |
56935 |
56935 |
300000 |
505 |
982 |
2007 |
5992 |
65057 |
65057 |
300000 |
| 7 |
10000 |
250 |
9750 |
278 |
543 |
1037 |
2108 |
3943 |
68771 |
68771 |
300000 |
622 |
1016 |
2167 |
7383 |
80274 |
80274 |
300000 |
| 8 |
10000 |
250 |
9750 |
287 |
640 |
1065 |
2242 |
4650 |
81179 |
81179 |
300000 |
750 |
1033 |
2320 |
8898 |
96852 |
96852 |
300000 |
| 9 |
10000 |
250 |
9750 |
295 |
742 |
1089 |
2377 |
5391 |
94193 |
94193 |
300000 |
889 |
1042 |
2476 |
10548 |
114924 |
114924 |
300000 |
| 10 |
10000 |
250 |
9750 |
304 |
849 |
1118 |
2521 |
6167 |
107839 |
107839 |
300000 |
1041 |
1048 |
2643 |
12348 |
134629 |
134629 |
300000 |
| 11 |
10000 |
250 |
9750 |
313 |
961 |
1149 |
2673 |
6982 |
122149 |
122149 |
300000 |
1206 |
1048 |
2817 |
14311 |
156123 |
156123 |
300000 |
| 12 |
10000 |
250 |
9750 |
323 |
1078 |
1177 |
2828 |
7836 |
137157 |
137157 |
300000 |
1386 |
1033 |
2992 |
16453 |
179584 |
179584 |
300000 |
| 13 |
10000 |
250 |
9750 |
332 |
1202 |
1200 |
2984 |
8732 |
152905 |
152905 |
300000 |
1584 |
996 |
3161 |
18792 |
205214 |
205214 |
300000 |
| 14 |
10000 |
250 |
9750 |
342 |
1331 |
1211 |
3135 |
9673 |
169443 |
169443 |
300000 |
1799 |
927 |
3318 |
21348 |
233245 |
233245 |
300000 |
| 15 |
10000 |
250 |
9750 |
352 |
1467 |
1208 |
3278 |
10661 |
186827 |
186827 |
300000 |
2035 |
816 |
3453 |
24146 |
263938 |
263938 |
300000 |
| 16 |
10000 |
250 |
9750 |
363 |
1610 |
1183 |
3406 |
11701 |
205122 |
205122 |
300000 |
2293 |
649 |
3555 |
27212 |
297596 |
297596 |
300000 |
| 17 |
10000 |
250 |
9750 |
374 |
1761 |
1131 |
3516 |
12796 |
224402 |
224402 |
300000 |
2576 |
566 |
3766 |
30572 |
334401 |
334401 |
334401 |
| 18 |
10000 |
250 |
9750 |
385 |
1920 |
1045 |
3600 |
13951 |
244753 |
244753 |
300000 |
2885 |
604 |
4124 |
34236 |
374514 |
374514 |
374514 |
| 19 |
10000 |
250 |
9750 |
397 |
2088 |
917 |
3651 |
15171 |
266273 |
266273 |
300000 |
3222 |
647 |
4515 |
38230 |
418229 |
418229 |
418229 |
| 20 |
10000 |
250 |
9750 |
409 |
2266 |
739 |
3663 |
16463 |
289073 |
289073 |
300000 |
3588 |
693 |
4940 |
42582 |
465871 |
465871 |
465871 |
IN THIS POLICY, THE INVESTMENT RISK IS BORN BY THE POLICY HOLDER AND THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATION PURPOSE.
Other Charges: Mortality Charge + AB Charge + Service tax on Premium Allocation charge,Policy Administration charge, Fund Mgt charge, Mortality charge and Accident Benefit charge
___________________________________________________________________________________________________________________________________________
TABLE I
(APPLICABLE TO LINKED PRODUCTS)
(This shall form a part of policy document)
Name of the Product: LIC'S Money Plus I
Unique Identification No.: 512L248V01
Sum Assured: 300000
Policy Term : 20
Premium Paying Term: 20
Mode of Premium Payment: Annual
Amount of Instalment Premium: 10000
Funds opted for: Secured
Combination: Basic plan with life cover + CI
Age: 35
Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interest as mentioned
(All charges are in Rupees)
| Policy Year |
Annualised
Premium |
Premium
Allocn Charge |
Amount Available
for investment
(out of premium ) |
Policy Admin
Charge |
Assuming gross interest rate of 6% p.a. |
Assuming gross interest rate of 10% p.a. |
Fund Mgt
Charge |
Other
Charges |
Total
Charges |
Addition to
Fund
(if any) |
Fund at
the End |
Surrender
Value |
Death
Benefit |
Fund Mgt
Charge |
Other
Charges |
Total
Charges |
Addition to
Fund (if any) |
Fund at
the End |
Surrender
Value |
Death
Benefit |
| |
| 1 |
10000 |
2650 |
7350 |
720 |
49 |
1604 |
5023 |
356 |
5333 |
0 |
300000 |
50 |
1604 |
5024 |
593 |
5570 |
0 |
300000 |
| 2 |
10000 |
500 |
9500 |
240 |
115 |
1372 |
2227 |
833 |
13939 |
0 |
300000 |
119 |
1372 |
2231 |
1413 |
14751 |
0 |
300000 |
| 3 |
10000 |
500 |
9500 |
247 |
185 |
| |