Home - Insurance Plans - Bima Account 1
 
 
PRODUCT FEATURES :
1. Name of the Product: LIC's  Bima Account - I
2. Unique Identification No.512N263V01
3. Amount of Instalment Premium:10000
4. Policy Term :7 Years
5. Age LA:30 Years
6. Premium Paying Term:7 Years
7. Sum Assured :100000
8. Mode of Premium Payment :Yearly
9. Current Service Tax rate10.30%p.a

Illustrative Account Value on Maturity:
Total Account Value of Policyholder at maturity @ 6% p.a (Rs.)78938
Total Account Value of Policyholder at maturity @ 10% p.a (Rs.)89240
Policy
Year		 Annualised
Premium		 Commission Paid Total expenses excluding commission Premium less expenses(excluding risk premium) Risk Premium Charges Guaranteed
Addition to Account 		 Assuming Gross Interest rate of 6% Assuming Gross Interest rate of 10%
Variable
Addition 1		 Total account Value
at the end of year		 Surrender value Death Benefit Variable
Addition 2 		 Total account Value
at the end of year		 Surrender value Death Benefit
                             
1 10000 1000 1750 7250 161 430 0 7518 0 107518 0 7518 0 107518
2 10000 200 550 9250 161 1001 0 17608 0 117608 0 17608 0 117608
3 10000 200 550 9250 166 1606 0 28298 28298 128298 0 28298 28298 128298
4 10000 200 300 9500 172 2262 0 39889 39889 139889 0 39889 39889 139889
5 10000 200 300 9500 180 2958 0 52166 52166 152166 0 52166 52166 152166
6 10000 200 300 9500 191 3694 0 65169 65169 165169 0 65169 65169 165169
7 10000 200 300 9500 204 4474 0 78938 78938 178938 10302 89240 89240 189240
Note:
1) Guaranteed Interest is on Policyholder's Account and not on Gross Premiums paid.
2)  Guaranteed Addition to Account shown above is based on the interest income guaranteed @ 6% p.a.for the entire term of the policy.
3) The variable addition to account shows the additional interest credit during the term of the policy.  
4) At assumed gross interest rate, the additional interest credit has been shown at the end of the policy term.    

The additional interest credit may be made during the term of the policy if declared.

Home | Media Room | Tenders | Download Forms | NRI Centre | Glossary | Associates | Feedback | FAQs Grievances | Sitemap | Privacy Policy
© Copyright Life Insurance Corporation of India 2004
Registration number : 512
Designed by: Digital Branding Solutions