Home - Insurance Plans - Jeevan Anand
 


Statutory Warning:
“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.”

Illustration 1
Age at entry: 35 years
Sum Assured: Rs.1,00,000/-
Premium Paying term: 25 years
Mode of premium payment: Yearly
Annual Premium: Rs. 4,535 /-

End of year
Total premiums paid till end of year

Benefit payable on death / maturity at the end of year

Guaranteed
*

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1

4,535

100000

1500

5100

101500

105100

2

9,070

100000

3000

10200

103000

110200

3

13,605

100000

4500

15300

104500

115300

4

18,140

100000

6000

20400

106000

120400

5

22,675

100000

7500

25500

107500

125500

6

27,210

100000

9000

30600

109000

130600

7

31,745

100000

10500

35700

110500

135700

8

36,280

100000

12000

40800

112000

140800

9

40,815

100000

13500

45900

113500

145900

10

45,350

100000

15000

51000

115000

151000

15

68,025

100000

22500

76500

122500

176500

20

90,700

100000

33000

113000

133000

213000

25

1,13,375

100000

41500

141000

141500

241000




























End of year
Total premiums paid till end of year

Benefit payable on death / maturity at the end of year

Guaranteed
*

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

26

1,13,375

100000

41500

141000

141500

241000

27

1,13,375

100000**

-

-

100000**

100000**












 * In addition to the benefits given in the column, an Accident Benefit of Rs. 1,00,000 /- will also be available without payment of extra premium in case of death/disability due to accident

 ** Benefit payable on death after the selected term. If the death occurs due to accident up to age 70 an additional Rs. 1,00,000/- will also be paid.

(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.

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