|
“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 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
Sum Assured: Rs. 2,00,000/-
Premium paying term: One
Single Premium: Rs. 1,04,850/-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1
|
1,04,850
|
0 |
2,00,000
|
3,200
|
31,200
|
2,03,200
|
2,31,200
|
| 2
|
1,04,850
|
0 |
2,00,000
|
6,400
|
62,400
|
2,06,400
|
2,62,400
|
| 3
|
1,04,850
|
0 |
2,00,000
|
9,600
|
93,600
|
2,09,600
|
2,93,600
|
| 4
|
1,04,850
|
0 |
2,00,000
|
12,800
|
1,24,800
|
2,12,800
|
3,24,800
|
| 5
|
1,04,850
|
20000 |
2,00,000
|
16,000
|
1,56,000
|
2,16,000
|
3,56,000
|
| 6
|
1,04,850
|
0 |
2,00,000
|
19,200
|
1,87,200
|
2,19,200
|
3,87,200
|
| 7
|
1,04,850
|
0 |
2,00,000
|
22,400
|
2,18,400
|
2,22,400
|
4,18,400
|
| 8
|
1,04,850
|
0 |
2,00,000
|
25,600
|
2,49,600
|
2,25,600
|
4,49,600
|
| 9
|
1,04,850
|
0 |
2,00,000
|
28,800
|
2,80,800
|
2,28,800
|
4,80,800
|
| 10 |
1,04,850
|
20000 |
2,00,000
|
32,000
|
3,12,000
|
2,32,000
|
5,12,000
|
| 15
|
1,04,850
|
20000 |
2,00,000
|
48,000
|
4,68,000
|
2,48,000
|
6,68,000
|
| 20
|
1,04,850
|
20000 |
2,00,000
|
84,000
|
8,32,000
|
2,84,000
|
10,32,000
|
25 |
1,04,850
|
20000 |
2,00,000
|
1,05,000
|
10,40,000
|
3,05,000
|
12,40,000
|
30 |
1,04,850
|
20000 |
2,00,000 |
1,26,000
|
12,48,000
|
3,26,000
|
14,48,000
|
Age at entry: 0 years
Premium Paying Term: 18 years
Policy Term: 26 years
Sum Assured: Rs. 1,00,000/-
Annual Premium: Rs. 7,281/-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1
|
8,488
|
0 |
2,00,000
|
2,800
|
15,800
|
73980
|
73980
|
| 2
|
16,976
|
0 |
2,00,000
|
5,600
|
31,600
|
73980
|
73980
|
| 3
|
25,464
|
0 |
2,00,000
|
8,400
|
47,400
|
73980
|
73980
|
| 4
|
33,952
|
0 |
2,00,000
|
11,200
|
63,200
|
73980
|
73980
|
| 5
|
42,440
|
20000 |
2,00,000
|
14,000
|
79,000
|
73980
|
73980
|
| 6
|
50,928
|
0 |
2,00,000
|
16,800
|
94,800
|
73980
|
73980
|
| 7
|
59,416
|
0 |
2,00,000
|
19,600
|
1,10,600
|
145000
|
157000
|
| 8
|
67,904
|
0 |
2,00,000
|
22,400
|
1,26,400
|
152500
|
168500
|
| 9
|
76,392
|
0 |
2,00,000
|
25,200
|
1,42,200
|
160000
|
181000
|
| 10 |
84,880
|
20000 |
2,00,000
|
28,000
|
1,58,000
|
167500
|
193500
|
| 15
|
1,27,320
|
20000 |
2,00,000
|
42,000
|
2,37,000
|
205000
|
272000
|
| 20
|
1,69,760
|
20000 |
2,00,000
|
72,000
|
4,20,000
|
242500
|
370500
|
| 25 |
2,12,200
|
20000 |
2,00,000
|
90,000
|
5,25,000
|
287500
|
564500
|
30 |
2,12,200
|
20000 |
2,00,000 |
1,08,000 |
6,30,000 |
3,08,000
|
8,30,000
|
i) The above 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 flow of benefits, in above illustrations,
have been shown for first 30 years. In practice,
the benefits will continue so long the policyholder
survives.
|
