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Untitled Document
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Marriage Endowment Or Educational
Annuity Plan
Statutory Warning:
“Some benefits are guaranteed and some benefits are variable
with returns based on the future performance of your life insurance
company. 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 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 dependant on
a number of factors including future investment performance.”
Illustration
| Age at entry |
35 years |
| Policy Term |
25 years |
| Premium paying term |
25 years |
| Mode of premium payment |
Yearly |
| Sum Assured |
Rs. 1,00,000/- |
| Annual Premium |
Rs. 3727/- |
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 |
3,727 |
- |
- |
- |
- |
- |
2 |
7,454 |
- |
- |
- |
- |
- |
3 |
11,181 |
- |
- |
- |
- |
- |
4 |
14,908 |
- |
- |
- |
- |
- |
5 |
18,635 |
- |
- |
- |
- |
- |
6 |
22,362 |
- |
- |
- |
- |
- |
7 |
26,089 |
- |
- |
- |
- |
- |
8 |
29,816 |
- |
- |
- |
- |
- |
9 |
33,543 |
- |
- |
- |
- |
- |
10 |
37,270 |
- |
- |
- |
- |
- |
15 |
55,905 |
- |
- |
- |
- |
- |
20 |
74,540 |
- |
- |
- |
- |
- |
25 |
93,175 |
100000 |
69,500 |
182,500 |
169,500 |
282,500 |
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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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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.
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