Jeevan Tarang
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 |
5453
|
1,00,000
|
2,000
|
8,800
|
1,02,000
|
1,08,800 |
| 2 |
10906
|
1,00,000
|
4,000 |
17,600
|
1,04,000
|
1,17,600 |
| 3 |
16359 |
1,00,000
|
6,000
|
26,400
|
1,06,000 |
1,26,400 |
| 4 |
21812 |
1,00,000
|
8,000
|
35,200
|
1,08,000
|
1,35,200 |
| 5 |
27265
|
1,00,000
|
10,000
|
44,000
|
1,10,000 |
1,44,000 |
| 6 |
32718
|
1,00,000
|
12,000
|
52,800
|
1,12,000
|
1,52,800 |
| 7 |
38171
|
38171
|
14,000
|
61,600
|
1,14,000
|
1,61,600 |
| 8 |
43624
|
1,00,000
|
16,000
|
70,400
|
1,16,000
|
1,70,400 |
| 9 |
49077
|
1,00,000
|
18,000
|
79,200
|
1,18,000
|
1,79,200 |
| 10 |
54530
|
1,00,000
|
20,000
|
88,000
|
1,20,000
|
1,88,000 |
| 15 |
81795
|
1,00,000
|
1,00,000
|
60,000
|
1,12,000
|
1,60,000 |
| 20 |
109060
|
1,00,000
|
18,000
|
90,000
|
1,18,000
|
1,90,000 |
| 25 |
136325
|
1,00,000
|
24,000
|
1,20,000
|
1,24,000
|
2,20,000 |
| |
|
1,00,000 |
30,000 |
1,50,000 |
1,30,000 |
2,50,000 |
| |
|
1,00,000 |
36,000 |
1,80,000 |
1,36,000 |
2,80,000 |
| |
|
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 |
1,39,000 |
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 |
Extra from Section 41 of the Insurane 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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