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“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 at entry: 25 years
Policy Term: 20 years
Sum Assured: Rs.1 Lakh
Annual Premium: Rs.7,345/- up to age 41 years next birthday and Rs.7,085/- thereafter.
| Year |
|
|
|
|
|
|
|
|
|
1 |
7,345
|
1,00,000 |
0 |
0 |
1,00,000 |
1,00,000 |
2 |
14,690 |
1,05,000 |
0 |
0 |
1,05,000 |
1,05,000 |
3 |
22,035 |
1,10,000 |
0 |
0 |
1,10,000 |
1,10,000 |
4 |
29,380 |
1,15,000 |
0 |
0 |
1,15,000 |
1,15,000 |
5 |
36,725 |
1,20,000 |
0 |
0 |
1,20,000 |
1,20,000 |
6 |
44,070 |
1,25,000 |
2,500 |
6,100 |
1,27,500 |
1,31,100 |
7 |
51,415 |
1,25,000 |
5,000 |
12,200 |
1,30,000 |
1,37,200 |
8 |
58,760 |
1,25,000 |
7,500 |
18,300 |
1,32,500 |
1,43,300 |
9 |
66,105 |
1,25,000 |
10,000 |
24,400 |
1,35,000 |
1,49,400 |
10 |
73,450 |
1,25,000 |
12,500 |
30,500 |
1,37,500 |
1,55,500 |
15 |
1,10,175 |
1,25,000 |
25,000 |
61,000 |
1,50,000 |
1,86,000 |
20 |
1,45,860 |
1,25,000 |
53,500 |
1,31,500 |
1,78,500 |
2,56,500 |
| Year |
|
|
|
|
|
|
|
|
|
1 |
7,345 |
0 |
0 |
0 |
0 |
0 |
2 |
14,690 |
0 |
0 |
0 |
0 |
0 |
3 |
22,035 |
0 |
0 |
0 |
0 |
0 |
4 |
29,380 |
0 |
0 |
0 |
0 |
0 |
5 |
36,725 |
20,000 |
0 |
0 |
20,000 |
20,000 |
6 |
44,070 |
0 |
0 |
0 |
0 |
0 |
7 |
51,415 |
0 |
0 |
0 |
0 |
0 |
8 |
58,760 |
0 |
0 |
0 |
0 |
0 |
9 |
66,105 |
0 |
0 |
0 |
0 |
0 |
10 |
73,450 |
20,000 |
0 |
0 |
20,000 |
20,000 |
15 |
1,10,175 |
20,000 |
0 |
0 |
20,000 |
20,000 |
20 |
1,45,860 |
65,000 |
53,500 |
1,31,500 |
1,18,500 |
1,96,500 |
Note: In addition to the death and survival benefits as given above, the following benefits are also available.
- Female Critical illness Benefit: Rs.1 Lakh (guaranteed) on affliction of any of the specified critical illnesses.
- Congenital Disability Benefit: Rs.50,000/- (guaranteed) on the birth during the policy term of a child with any of the specified congenital disabilities. The benefit will be available for maximum two such children born up to age 41 years next birthday of the life assured.
(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.
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