PRODUCT FEATURES :
Name of the Product:LIC's Samridhi Plus
Unique Identification No.
Age:30
Service Tax Rate:10.30%
Sum Assured:200000
Policy Term :10
Premium Paying Term:5
Mode of Premium Payment :Yearly
Amount of Instalment Premium:20000
Funds opted for:Samridhi Plus
FundCombination:Basic Plan With Life Cover
FMC Rate :0.90%p.a.
Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interst as mentioned
(All charges are in Rupees)
Assuming Gross Interest of 6% p.a.
Assuming Gross Interest of 10% p.a.
|
|
Policy
Year |
Annualised
Premium |
Premium
Allocn Charge |
Amount Available
for investment
( out of premium ) |
Policy Admin
Charge |
FMC |
Other
Charges |
Total
Charges |
Addition to
Fund (if any) |
Fund at the end |
Surrender Value |
Death Benefit |
FMC |
Other
Charges |
Total
Charges |
Addition to
Fund (if any) |
Fund at the end |
Surrender Value |
Death Benefit |
Commission/
Brokerage,
if payable |
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
(10) |
(11) |
(12) |
(13) |
(14) |
(15) |
(16) |
(17) |
(18) |
(19) |
(20) |
| 1 |
20000 |
1200 |
18800 |
360 |
170 |
396 |
2125 |
1099 |
18974 |
0 |
200000 |
173 |
397 |
2130 |
1833 |
19702 |
0 |
200000 |
1000 |
| 2 |
20000 |
900 |
19100 |
371 |
347 |
471 |
2088 |
2249 |
39135 |
0 |
200000 |
361 |
477 |
2108 |
3821 |
41415 |
0 |
200000 |
400 |
| 3 |
20000 |
900 |
19100 |
382 |
532 |
555 |
2369 |
3451 |
60217 |
0 |
200000 |
564 |
569 |
2415 |
5978 |
64978 |
0 |
200000 |
400 |
| 4 |
20000 |
900 |
19100 |
393 |
726 |
643 |
2663 |
4708 |
82262 |
0 |
200000 |
786 |
668 |
2747 |
8320 |
90551 |
0 |
200000 |
400 |
| 5 |
20000 |
900 |
19100 |
405 |
929 |
735 |
2969 |
6023 |
105316 |
105316 |
200000 |
1026 |
774 |
3105 |
10862 |
118308 |
118308 |
200000 |
400 |
| 6 |
0 |
0 |
0 |
417 |
965 |
756 |
2138 |
6258 |
109436 |
109436 |
200000 |
1107 |
812 |
2336 |
11722 |
127694 |
127694 |
200000 |
0 |
| 7 |
0 |
0 |
0 |
430 |
1003 |
782 |
2215 |
6503 |
113724 |
113724 |
200000 |
1195 |
855 |
2479 |
12654 |
137869 |
137869 |
200000 |
0 |
| 8 |
0 |
0 |
0 |
443 |
1042 |
810 |
2295 |
6758 |
118188 |
118188 |
200000 |
1290 |
899 |
2632 |
13665 |
148902 |
148902 |
200000 |
0 |
| 9 |
0 |
0 |
0 |
456 |
1083 |
839 |
2378 |
7024 |
122834 |
122834 |
200000 |
1394 |
944 |
2794 |
14761 |
160869 |
160869 |
200000 |
0 |
| 10 |
0 |
0 |
0 |
470 |
1126 |
868 |
2463 |
7300 |
127671 |
127671 |
200000 |
1506 |
989 |
2964 |
15950 |
173855 |
173855 |
200000 |
0 |
|
|
|
|
|
Net Yield: 3.92% |
Net Yield: 7.90% |
|
|
|
IN THIS POLICY, THE INVESTMENT RISK IS BORNE BY THE POLICY HOLDER AND THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATION PURPOSE.
Note:
1. 'Addition to Fund' shown above is interest income on the fund.
2. Rider Charges are not taken into account in this illustration
3. Service Tax charge is as per existing laws and rate. ( Service Tax on FMC is based on the existing tax laws considering FMC rate as 1.35% p.a., the maximum prescribed by IRDA)
4. Other charges include Guarantee charge ( at the rate of 0.4% p.a. of the fund value),Mortality charge and Service Tax charge. Service tax is levied on Mortality charge and FMC.
5. The commission/brokerage, if payable to any agent/broker is under col. 20. This amount is included in total charges mentioned in col. (8) or col. (15)
Note: The above benefit illustration is subject to payment of stipulated premiums on due dates |
| |
PRODUCT FEATURES :
Name of the Product:LIC's Samridhi Plus
Unique Identification No.
Age:30Service Tax Rate:10.30%
Sum Assured:37500Policy Term :10
Premium Paying Term:1
Mode of Premium Payment :Single
Amount of Instalment
Premium:30000
Funds opted for:Samridhi Plus
FundCombination:Basic Plan With Life Cover
FMC Rate :0.90%p.a.
Statement of Various charges alongwith growth of the fund expected over the duration of the policy with assumed rate of interst as mentioned
(All charges are in Rupees)Assuming Gross Interest of 6% p.a.Assuming Gross Interest of 10% p.a. |
|
Policy
Year |
Annualised
Premium |
Premium
Allocn Charge |
Amount Available
for investment
( out of premium ) |
Policy Admin
Charge |
FMC |
Other
Charges |
Total
Charges |
Addition to
Fund (if any) |
Fund at the end |
Surrender Value |
Death Benefit |
FMC |
Other
Charges |
Total
Charges |
Addition to
Fund (if any) |
Fund at the end |
Surrender Value |
Death Benefit |
Commission/
Brokerage,
if payable |
| (1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
(9) |
(10) |
(11) |
(12) |
(13) |
(14) |
(15) |
(16) |
(17) |
(18) |
(19) |
(20) |
| 1 |
30000 |
990 |
29010 |
360 |
265 |
176 |
1790 |
1717 |
29926 |
0 |
37500 |
270 |
178 |
1798 |
2861 |
31063 |
0 |
37500 |
600 |
| 2 |
0 |
0 |
0 |
371 |
273 |
175 |
819 |
1771 |
30879 |
0 |
37500 |
289 |
182 |
843 |
3065 |
33286 |
0 |
37500 |
0 |
| 3 |
0 |
0 |
0 |
382 |
282 |
179 |
843 |
1828 |
31863 |
0 |
37500 |
310 |
191 |
883 |
3286 |
35688 |
0 |
37500 |
0 |
| 4 |
0 |
0 |
0 |
393 |
291 |
183 |
868 |
1886 |
32882 |
0 |
37500 |
333 |
201 |
927 |
3524 |
38286 |
0 |
38286 |
0 |
| 5 |
0 |
0 |
0 |
405 |
300 |
188 |
893 |
1947 |
33936 |
33936 |
37500 |
357 |
214 |
976 |
3782 |
41091 |
41091 |
41091 |
0 |
| 6 |
0 |
0 |
0 |
417 |
310 |
192 |
919 |
2009 |
35026 |
35026 |
37500 |
383 |
230 |
1030 |
4060 |
44120 |
44120 |
44120 |
0 |
| 7 |
0 |
0 |
0 |
430 |
320 |
196 |
945 |
2074 |
36154 |
36154 |
37500 |
412 |
247 |
1088 |
4360 |
47391 |
47391 |
47391 |
0 |
| 8 |
0 |
0 |
0 |
443 |
330 |
200 |
973 |
2141 |
37322 |
37322 |
37500 |
442 |
265 |
1150 |
4684 |
50925 |
50925 |
50925 |
0 |
| 9 |
0 |
0 |
0 |
456 |
341 |
204 |
1001 |
2210 |
38531 |
38531 |
38531 |
475 |
285 |
1216 |
5034 |
54743 |
54743 |
54743 |
0 |
| 10 |
0 |
0 |
0 |
470 |
352 |
211 |
1032 |
2282 |
39780 |
39780 |
39780 |
511 |
306 |
1287 |
5413 |
58869 |
58869 |
58869 |
0 |
|
|
|
|
|
Net Yield: 3.47% |
Net Yield: 7.59% |
|
|
|
IN THIS POLICY, THE INVESTMENT RISK IS BORNE BY THE POLICY HOLDER AND THE ABOVE INTEREST RATES ARE ONLY FOR ILLUSTRATION PURPOSE.
Note:
1. 'Addition to Fund' shown above is interest income on the fund.
2. Rider Charges are not taken into account in this illustration
3. Service Tax charge is as per existing laws and rate. ( Service Tax on FMC is based on the existing tax laws considering FMC rate as 1.35% p.a., the maximum prescribed by IRDA)
4. Other charges include Guarantee charge ( at the rate of 0.4% p.a. of the fund value),Mortality charge and Service Tax charge. Service tax is levied on Mortality charge and FMC.
5. The commission/brokerage, if payable to any agent/broker is under col. 20. This amount is included in total charges mentioned in col. (8) or col. (15)
Note: The above benefit illustration is subject to payment of stipulated premiums on due dates |
