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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 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.”

Illustration 1:
Age at entry: 35 years
Accumulation period: 10 years
Premium paying term: Single Premium
Single Premium: Rs. 75,600/-
Sum Assured: Rs.1,00,000/-
Simple Reversionary Bonus:
Scenario 1: Rs.20/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.88/- per Rs.1,000/- Basic Sum Assured per annum.
Loyalty Addition:
Scenario 1: Rs.6/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.30/- per Rs.1,000/- Basic Sum Assured per annum.

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

10

75,600

-

20,000

88,000

20,000

88,000

11 to 64

75,600

5,500

-

-

5,500

5,500

65

75,600

1,05,500

39,000

1,95,000

1,44,500

3,00,500













Death Benefit:

End Of Year
Total Premiums Paid Till End Of Year

Benefit on death during the year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1

75,600

1,00,000

2,000

8,800

1,02,000

1,08,800

2

75,600

1,00,000

4,000

17,600

1,04,000

1,17,600

3

75,600

1,00,000

6,000

26,400

1,06,000

1,26,400

4

75,600

1,00,000

8,000

35,200

1,08,000

1,35,200

5

75,600

1,00,000

10,000

44,000

1,10,000

1,44,000

6

75,600

1,00,000

12,000

52,800

1,12,000

1,52,800

7

75,600

1,00,000

14,000

61,600

1,14,000

1,61,600

8

75,600

1,00,000

16,000

70,400

1,16,000

1,70,400

9

75,600

1,00,000

18,000

79,200

1,18,000

1,79,200

10

75,600

1,00,000

20,000

88,000

1,20,000

1,88,000

20

75,600

1,00,000

12,000

60,000

1,12,000

1,60,000

30

75,600

1,00,000

18,000

90,000

1,18,000

1,90,000

40

75,600

1,00,000

24,000

1,20,000

1,24,000

2,20,000

50

75,600
1,00,000
30,000
1,50,000
1,30,000
2,50,000

60

75,600
1,00,000
36,000
1,80,000
1,36,000
2,80,000

65

75,600
1,00,000
39,000
1,95,000
1,39,000
2,95,000
































Illustration 2:
Age at entry: 35 years
Accumulation period: 15 years
Premium paying term: Single Premium
Single Premium: Rs. 64,400/-
Sum Assured: Rs.1,00,000/-

Simple Reversionary Bonus:
Scenario 1: Rs.20/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.88/- per Rs.1,000/- Basic Sum Assured per annum.

Loyalty Addition:
Scenario 1: Rs.6/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.30/- per Rs.1,000/- Basic Sum Assured per annum.

Survival / Maturity Benefits:

Year
Total Premiums Paid Till End Of Year

Benefits payable on survival / maturity at the end of year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

15

64,400

-

30,000

1,32,000

30,000

1,32,000

16 to 64

64,400

5,500

-

-

5,500

5,500

65

64,400

1,05,500

39,000

1,95,000

1,44,500

3,00,500














Death Benefit:

Year
Total Premiums Paid Till End Of Year

Benefit on death during the year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1

64,400

1,00,000

2,000

8,800

1,02,000

1,08,800

2

64,400

1,00,000

4,000

17,600

1,04,000

1,17,600

3

64,400

1,00,000

6,000

26,400

1,06,000

1,26,400
4

64,400

1,00,000

 8,000 35,200 1,08,000 1,35,200
5

64,400

1,00,000

 10,000 44,000 1,10,000 1,44,000
6

64,400

1,00,000

 12,000 52,800 1,12,000 1,52,800
7

64,400

1,00,000

 14,000 61,600 1,14,000 1,61,600
8

64,400

1,00,000

 16,000 70,400 1,16,000 1,70,400
9

64,400

1,00,000

 18,000 79,200 1,18,000 1,79,200
10

64,400

1,00,000

 20,000 88,000 1,20,000 1,88,000
15

64,400

1,00,000

 30,000 1,32,000 1,30,000 2,32,000
20

64,400

1,00,000

 12,000 60,000 1,12,000 1,60,000
30

64,400

1,00,000

 18,000 90,000 1,18,000 1,90,000
40

64,400

1,00,000

 24,000 1,20,000 1,24,000 2,20,000
50

64,400

1,00,000

 30,000 1,50,000 1,30,000 2,50,000
60

64,400

1,00,000

 36,000 1,80,000 1,36,000 2,80,000
65

64,400

1,00,000

 39,000 1,95,000 1,39,000 2,95,000












 

 

 

 














Illustration 3:
Age at entry: 35 years
Accumulation period: 20 years
Premium paying term: Single Premium
Annual Premium: Rs.54,800/-
Sum Assured: Rs.1,00,000/-

Simple Reversionary Bonus:
Scenario 1: Rs.20/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.88/- per Rs.1,000/- Basic Sum Assured per annum.

Loyalty Addition:
Scenario 1: Rs.6/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.30/- per Rs.1,000/- Basic Sum Assured per annum.

Survival / Maturity Benefits:

Year
Total Premiums Paid Till End Of Year

Benefits payable on survival / maturity at the end of year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

20

54,800

-

40,000

176,000

40,000

176,000

21 to 64

54,800

5,500

-

-

5,500

5,500

65

54,800

1,05,500

39,000

1,95,000

1,44,500

3,00,500















Death Benefit:

Year
Total Premiums Paid Till End Of Year

Benefit on death during the year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1

54,800

1,00,000

2,000

8,800

1,02,000

1,08,800

2

54,800

1,00,000

4,000

17,600

1,04,000

1,17,600

3

54,800

1,00,000

6,000

26,400

1,06,000

1,26,400
4

54,800

1,00,000

 8,000 35,200 1,08,000 1,35,200
5

54,800

1,00,000

 10,000 44,000 1,10,000 1,44,000
6

54,800

1,00,000

 12,000 52,800 1,12,000 1,52,800
7

54,800

1,00,000

 14,000 61,600 1,14,000 1,61,600
8

54,800

1,00,000

 16,000 70,400 1,16,000 1,70,400
9

54,800

1,00,000

 18,000 79,200 1,18,000 1,79,200
10

54,800

1,00,000

 20,000 88,000 1,20,000 1,88,000
20

54,800

1,00,000

 40,000 1,76,000 1,40,000 2,76,000
30

54,800

1,00,000

 18,000 90,000 1,18,000 1,90,000
40

54,800

1,00,000

 24,000 1,20,000 1,24,000 2,20,000
50

54,800

1,00,000

 30,000 1,50,000 1,30,000 2,50,000
60

54,800

1,00,000

 36,000 1,80,000 1,36,000 2,80,000
65

54,800

1,00,000

 39,000 1,95,000 1,39,000 2,95,000


































Illustration 4:
Age at entry: 35 years
Accumulation period: 10 years
Premium paying term: 10 years       Mode of premium payment: Yearly
Annual Premium: Rs.10,692/-
Sum Assured: Rs.1,00,000/-

Simple Reversionary Bonus:
Scenario 1: Rs.20/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.64/- per Rs.1,000/- Basic Sum Assured per annum.

Loyalty Addition:
Scenario 1: Rs.6/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.24/- per Rs.1,000/- Basic Sum Assured per annum.

Survival / Maturity Benefits:

Year
Total Premiums Paid Till End Of Year

Benefits payable on survival / maturity at the end of year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

10

1,06,920

-

20,000

64,000

20,000

64,000

11 to 64

1,06,920

5,500

-

-

5,500

5,500

65

1,06,920

1,05,500

39,000

1,56,000

1,44,500

2,61,500















Death Benefit:

Year
Total Premiums Paid Till End Of Year

Benefit on death during the year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1

10,692

1,00,000

2,000

6,400

1,02,000

1,06,400

2

21,384

1,00,000

4,000

12,800

1,04,000

1,12,800

3

32,076

1,00,000

6,000

19,200

1,06,000

1,19,200
4

42,768

1,00,000

 8,000 25,600 1,08,000 1,25,600
5

53,460

1,00,000

 10,000 32,000 1,10,000 1,32,000
6

64,152

1,00,000

 12,000 38,400 1,12,000 1,38,400
7

74,844

1,00,000

 14,000 44,800 1,14,000 1,44,800
8

85,536

1,00,000

 16,000 51,200 1,16,000 1,51,200
9

96,228

1,00,000

 18,000 57,600 1,18,000 1,57,600
10

1,06,920

1,00,000

 20,000 64,000 1,20,000 1,64,000
20

1,06,920

1,00,000

 12,000 48,000 1,12,000 1,48,000
30

1,06,920

1,00,000

 18,000 72,000 1,18,000 1,72,000
40

1,06,920

1,00,000

 24,000 96,000 1,24,000 1,96,000
50

1,06,920

1,00,000

 30,000 1,20,000 1,30,000 2,20,000
60

1,06,920

1,00,000

 36,000 1,44,000 1,36,000 2,44,000
65

1,06,920

1,00,000

 39,000 1,56,000 1,39,000 2,56,000


































Illustration 5:
Age at entry: 35 years
Accumulation period: 15 years
Premium paying term: 15 years       Mode of premium payment: Yearly
Annual Premium: Rs.6,997/-
Sum Assured: Rs.1,00,000/-

Simple Reversionary Bonus:
Scenario 1: Rs.20/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.64/- per Rs.1,000/- Basic Sum Assured per annum.

Loyalty Addition:
Scenario 1: Rs.6/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.24/- per Rs.1,000/- Basic Sum Assured per annum.

Survival / Maturity Benefits:

Year
Total Premiums Paid Till End Of Year

Benefits payable on survival / maturity at the end of year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

15

1,04,955

-

30,000

96,000

30,000

96,000

16 to 64

1,04,955

5,500

-

-

5,500

5,500

65

1,04,955

1,05,500

39,000

1,56,000

1,44,500

2,61,500















Death Benefit:

Year
Total Premiums Paid Till End Of Year

Benefit on death during the year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1

6,997

1,00,000

2,000

6,400

1,02,000

1,06,400

2

13,994

1,00,000

4,000

12,800

1,04,000

1,12,800

3

20,991

1,00,000

6,000

19,200

1,06,000

1,19,200
4

27,988

1,00,000

 8,000 25,600 1,08,000 1,25,600
5

34,985

1,00,000

 10,000 32,000 1,10,000 1,32,000
6

41,982

1,00,000

 12,000 38,400 1,12,000 1,38,400
7

48,979

1,00,000

 14,000 44,800 1,14,000 1,44,800
8

55,976

1,00,000

 16,000 51,200 1,16,000 1,51,200
9

62,973

1,00,000

 18,000 57,600 1,18,000 1,57,600
10

69,970

1,00,000

 20,000 64,000 1,20,000 1,64,000
15

1,04,955

1,00,000

 30,000 96,000 1,30,000 1,96,000
20

1,04,955

1,00,000

 12,000 48,000 1,12,000 1,48,000
30

1,04,955

1,00,000

 18,000 72,000 1,18,000 1,72,000
40

1,04,955

1,00,000

 24,000 96,000 1,24,000 1,96,000
50

1,04,955

1,00,000

 30,000 1,20,000 1,30,000 2,20,000
60

1,04,955

1,00,000

 36,000 1,44,000 1,36,000 2,44,000
65

1,04,955

1,00,000

 39,000 1,56,000 1,39,000 2,56,000



































Illustration 6:
Age at entry: 35 years
Accumulation period: 20 years
Premium paying term: 20 years       Mode of premium payment: Yearly
Annual Premium: Rs.5,047/-
Sum Assured: Rs.1,00,000/-

Simple Reversionary Bonus:
Scenario 1: Rs.20/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.64/- per Rs.1,000/- Basic Sum Assured per annum.

Loyalty Addition:
Scenario 1: Rs.6/- per Rs.1,000/- Basic Sum Assured per annum;
Scenario 2: Rs.24/- per Rs.1,000/- Basic Sum Assured per annum.

Survival / Maturity Benefits:

Year
Total Premiums Paid Till End Of Year

Benefits payable on survival / maturity at the end of year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

20

1,00,940

-

40,000

1,28,000

40,000

1,28,000

21 to 64

1,00,940

5,500

-

-

5,500

5,500

65

1,00,940

1,05,500

39,000

1,56,000

1,44,500

2,61,500















Death Benefit:

Year
Total Premiums Paid Till End Of Year

Benefit on death during the year

Guaranteed

Variable

Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1

5,047

1,00,000

2,000

6,400

1,02,000

1,06,400

2

10,094

1,00,000

4,000

12,800

1,04,000

1,12,800

3

15,141

1,00,000

6,000

19,200

1,06,000

1,19,200
4

20,188

1,00,000

 8,000 25,600 1,08,000 1,25,600
5

25,235

1,00,000

 10,000 32,000 1,10,000 1,32,000
6

30,282

1,00,000

 12,000 38,400 1,12,000 1,38,400
7

35,329

1,00,000

 14,000 44,800 1,14,000 1,44,800
8

40,376

1,00,000

 16,000 51,200 1,16,000 1,51,200
9

45,423

1,00,000

 18,000 57,600 1,18,000 1,57,600
10

50,470

1,00,000

 20,000 64,000 1,20,000 1,64,000
20

1,00,940

1,00,000

 40,000 1,28,000 1,40,000 2,28,000
30

1,00,940

1,00,000

 18,000 72,000 1,18,000 1,72,000
40

1,00,940

1,00,000

 24,000 96,000 1,24,000 1,96,000
50

1,00,940

1,00,000

 30,000 1,20,000 1,30,000 2,20,000
60

1,00,940

1,00,000

 36,000 1,44,000 1,36,000 2,44,000
65

1,00,940

1,00,000

 39,000 1,56,000 1,39,000 2,56,000

































Notes:

The above illustration is applicable to a non-smoker male/female standard (from medical, life style and occupation point of view) life.

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.

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.

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. The Maturity Benefit is the amount shown at the end of the policy ter


EXTRACT FROM SECTION 41 OF THE INSURANCE ACT :

No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy nor shall any person taking out or renewing or continuing a policy accept any rebate except such rebates as may be allowed in accordance with the published prospectuses or tables of the insurer provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taking out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer

Any person making default in complying with the provision of this Section shall be punishable with a fine, which may extend to 500 rupees.


NOTE: “Conditions apply” for which please refer to the Policy document or contact our nearest Branch Office.
 

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