Popularity MeterPopularity Meter17,77,352 policies

sold in 2003-04in the very 2nd year after introduction

Intro

features

benefits

illustrations

Intro

features

benefits

illustrations

Intro

features

benefits

illustrations

For how many years is premium payable ?

You can choose premium payment terms between 5 and 57 years

Who can avail of this plan?Male lives and female lives having their own income aged between 18 years (completed) and 65 years (near birthday) For what sums is insurance available under this plan ? Minimum Rs. 1 lakh. Maximum : no limit, but depends upon income

At what frequency can premium be paid?

Yearly, Half-Yearly, Quarterly, SSS

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(A) Minimum entry age : 18 yrs (completed)(B) Maximum entry age : 50 yrs (nearer birthday)(C) Maximum maturity age : 60 years (D) Minimum Sum Assured for the Critical illness Rider : Rs.50,000/= (E) Minimum Sum Assured of the Main plan on which the Critical illness Rider can be given: Rs.50,000(F) Maximum Sum Assured : An amount equal to the Basic Sum for the Critical Illness Rider Assured, subject to a maximum of Rs.5,00,000. (G) Term : 10 to 35 years under regular premium 5 to 35 years under Single premium and 15, 20 & 25 years under limited premium paying term policies.This rider is allowed only if the maturity age under main policy is not greater than 60 years.

The policy term and premium paying term of the rider should match with the policy term and premium paying term under the main policy.

Critical Illness Rider : EligibilityCritical Illness Rider : Eligibility

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Critical Illness Rider : BenefitsCritical Illness Rider : Benefits

Critical Illness Sum Assured is payable on life assured surviving for a period of 28 days from date of occurrence of any of the following critical illnesses-

Heart Attack (Myocardial Infarction) Stroke (Cerebro-vascular Accident) Cancer Kidney Failure Major Organ transplant Paralysis 3rd Degree Burns Blindness Coronary Artery By-pass Surgery Heart Valve Replacement or Repair Aorta Graft Surgery

Premium Waiver Benefit: A policyholder has option to avail of a premium waiver benefit whereby premiums falling due on or after the date of diagnosis of critical illness are waived till maturity date of the main plan or earlier death of the life assured.

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Age Term Sum Assured Rs.

1 lakh 2 lakhs 5 lakhs 10 lakhs

20 10 11543 23,086 56965 112930

25 10 11766 23,532 58080 115161

30 20 5660 11,320 27550 54274

35 20 5873 11,747 28617 56408

40 30 3880 7,760 18650 36550

When are benefits payable?

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Survival Benefit : When the policyholder survives till date of maturity and policy is in force,

Full sum assured + vested bonuses +final additional bonus, if any, is payable. Risk cover Risk cover continues after continues after maturity, without maturity, without need to pay need to pay premium premium

Risk Cover :

On death during premium payment period,

Full sum assured + vested bonuses + final additional bonus, if any, is payable.

On death after premium paying period,

Full sum assured is payable.

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Age at entry: 35 years Premium paying term: 25 yearsMode of premium payment: Yearly Sum Assured: Rs.1,00,000/-Annual Premium: Rs.4,535 /-

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End of Year

Total premium paid till end of year

Benefit payable on survival to the end of selected term

Guaranteed

Variable Total

Scenario 1

Scenario 2 Scenario 1 Scenario

2

25 1,13,375 1,00,000 41500

141000 141500 241000

26onwards

1,13,375 1,00,000 **

- -1,00,000

**1,00,00

0 **

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Age at entry: 35 years Premium paying term: 25 yearsMode of premium payment: Yearly Sum Assured: Rs.1,00,000/-Annual Premium: Rs.4,535 /-

End of Year

Total premium

paid till end of year

Benefit payable on death during the selected term

Guaranteed *

Variable Total

Scenario 1

Scenario 2

Scenario 1 Scenario 2

1 4,535 1,00,000 1500 510010150

0 105100

2 9,070 1,00,000 3000 1020010300

0 110200

3 13,605 1,00,000 4500 1530010450

0 115300

4 18,140 1,00,000 6000 2040010600

0 120400

5 22,675 1,00,000 7500 2550010750

0 125500

6 27,210 1,00,000 9000 3060010900

0 130600

7 31,745 1,00,000 10500 3570011050

0 135700

8 36,280 1,00,000 12000 4080011200

0 140800

9 40,815 1,00,000 13500 4590011350

0 145900

10 45,350 1,00,000 15000 5100011500

0 151000

15 68,025 1,00,000 22500 7650012250

0 176500

20 90,700 1,00,000 33000 11300013300

0 213000

25 1,13,375 1,00,000 41500 14100014150

0 241000

Illustrations

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

The non-guaranteed benefits in the illustrations 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.

Illustrations: Assumptions and Disclaimer