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Untitled Document
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Komal Jeevan
Benefit Illustration:
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 |
0 years |
| Premium Paying Term |
1 Year |
| Single Premium |
Rs. 73,980/- |
| Policy Term |
26 years |
| Sum Assured |
Rs. 1,00,000/- |
Year |
Total
Premiums Paid Till End Of Year |
Benefit on Death
during the year (Rs.) |
Guaranteed |
Variable
|
Total |
Scenario
1 |
Scenario
2 |
Scenario
1 |
Scenario
2 |
| 1 |
73980 |
73980
|
0 |
0 |
73980 |
73980 |
2 |
73980
|
73980
|
0 |
0 |
73980
|
73980 |
3 |
73980 |
73980 |
0 |
0 |
73980 |
73980 |
4 |
73980 |
73980
|
0 |
0 |
73980
|
73980 |
5 |
73980 |
73980
|
0 |
0 |
73980
|
73980 |
6 |
73980
|
73980
|
0 |
0 |
73980 |
73980 |
7 |
73980
|
145000
|
0 |
12000 |
145000 |
157000 |
8 |
73980
|
152500 |
0 |
16000 |
152500 |
168500 |
9 |
73980
|
160000 |
0 |
21000 |
160000 |
181000 |
10 |
73980
|
167500 |
0 |
26000 |
167500 |
193500 |
15 |
73980
|
205000
|
0 |
67000 |
205000 |
272000 |
20 |
73980
|
242500 |
0 |
128000 |
242500 |
370500 |
26 |
73980 |
287500 |
0 |
277000 |
287500 |
564500 |
End of
year |
Benefit on Survival
/ Maturity at the end of Year |
Guaranteed |
Variable
|
Total |
Scenario
1 |
Scenario
2 |
Scenario
1 |
Scenario
2 |
| 18 |
20000 |
0 |
0 |
20000 |
20000 |
20 |
20000 |
0 |
0 |
20000 |
20000 |
22 |
30000 |
0 |
0 |
30000 |
30000 |
24 |
30000 |
0 |
0 |
30000 |
30000 |
26 |
195000 |
0 |
277000 |
195000 |
472000 |
Illustration 2
| Age at entry |
0 years |
| Premium Paying Term |
18 Years Annual Premium: Rs. 7281/- |
| Single Premium |
Rs. 73,980/- |
| Policy Term |
26 Years |
| Sum Assured |
Rs. 1,00,000/- |
Year |
Total
premiums paid till end of year |
Benefit on Death
during the year (Rs.) |
Guaranteed |
Variable
|
Total |
Scenario
1 |
Scenario
2 |
Scenario
1 |
Scenario
2 |
| 1 |
7281 |
7281 |
0 |
0 |
7281 |
7281 |
2 |
14562 |
14562 |
0 |
0 |
14562 |
14562 |
3 |
21843 |
21843 |
0 |
0 |
21843 |
21843 |
4 |
29124 |
29124 |
0 |
0 |
29124 |
29124 |
5 |
36405 |
36405 |
0 |
0 |
36405 |
36405 |
6 |
43686 |
43686 |
0 |
0 |
43686 |
43686 |
7 |
50967 |
145000 |
0 |
3000 |
145000 |
148000 |
8 |
58248 |
152500 |
0 |
0 |
152500 |
157500 |
9 |
65529 |
160000 |
0 |
8000 |
160000 |
168000 |
10 |
72810 |
167500 |
0 |
11000 |
167500 |
178500 |
15
|
109215 |
205000 |
0 |
43000 |
205000 |
248000 |
20 |
131058 |
227500 |
0 |
71000 |
227500 |
298500 |
26 |
131058 |
242500 |
0 |
91000 |
242500 |
333500 |
End of
year |
Benefit on Survival
/ Maturity at the end of Year |
Guaranteed |
Variable
|
Total |
Scenario
1 |
Scenario
2 |
Scenario
1 |
Scenario
2 |
| 18 |
20000 |
0 |
0 |
20000 |
20000 |
20 |
20000 |
0 |
0 |
20000 |
20000 |
22 |
30000 |
0 |
0 |
30000 |
30000 |
24 |
30000 |
0 |
0 |
30000 |
30000 |
26 |
195000 |
0 |
176000 |
195000 |
371000 |
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This illustration is applicable
to a non-smoker male/female standard (from medical, life style
and occupation point of view) life.
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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.
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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.
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