Lic jeevan surabhi 106

Life Insurance Corporation Life Insurance Corporation of India presentsof India presents…….……. Jeevan SurabhiJeevan Surabhi

Money Back Plans Money Back Plans with cash back at faster ratewith cash back at faster rate fulfils growing needs by increasing fulfils growing needs by increasing risk coverrisk cover

LIC’s Jeevan Surabhi

Intro Features Benefits Illustrations

Y 2005Y 2005 Y 2009Y 2009 Y 2013Y 2013 Y 2017Y 2017 Y 2020Y 2020

30% 30% of Sumof Sum

AssuredAssured


AssuredAssured


AssuredAssuredVestedVested

BonusesBonuses

Premium Payment CeasesPremium Payment Ceases

Policy Policy CommencesCommences

Illustration of 15 year planIllustration of 15 year plan


Y 2005Y 2005 Y 2020Y 2020

Y 2025Y 2025

Y 2030Y 2030

Premium Payment Ceases

Policy Policy CommencesCommences Maturity Date

Maturity Date

Maturity Date

Y 2017Y 2017

Y 2020Y 2020

Premium Payment Ceases

Premium Payment CeasesY 2023Y 2023

Y 2005Y 2005

Y 2005Y 2005

Table 106

Table 107

Table 108



Y 2005 Y 2010 Y 2015 Y 2020

Policy Policy CommencesCommences

Illustration of 15 year planIllustration of 15 year plan

Risk cover =

Basic Sum Assured

Risk cover = 1.5 times

Basic Sum Assured

Risk cover = 2 times

Basic Sum Assured

Premium Premium Payment Payment CeasesCeases

Y2017



Intro Features Benefits Illustrations Intro Features Benefits Illustrations


Who can avail of this policy ?

Those aged between 14 years (completed) and 55 years subject to maximum maturity age : 70 years

Who are the modes of premium payment ?

Premium can be paid in yearly, half-yearly, quarterly or monthly (SSS) instalments.


LIC’s Jeevan Surabhi Plan

Termin

years

Prem. Payab

le for ..years

SB Amt paid

after 4 years

SB Amt paid

after 8 years

SB Amt paid after 12

years


years


years


years


years106 15 12 30% of

S.A.30% of

S.A.40% of

S.A.VestedBonus

--- --- ---

107 20 15 25% of S.A.

25% of S.A.

25% of S.A.

25% of S.A.

--- VestedBonus.

---

108 25 18 20% of S.A.

20% of S.A.

20% of S.A.

20% of S.A.

20% of S.A.

--- VestedBonus.

Survival Benefit payable chart forSurvival Benefit payable chart for

Plan 106 – Policy Term : 15 years - Premium Term : 12 yearsPlan 106 – Policy Term : 15 years - Premium Term : 12 yearsPlan 107 – Policy Term : 20 years - Premium Term : 15 yearsPlan 107 – Policy Term : 20 years - Premium Term : 15 yearsPlan 108 – Policy Term : 25 years - Premium Term : 18 yearsPlan 108 – Policy Term : 25 years - Premium Term : 18 years


LIC’s Jeevan Surabhi JEEVAN SURABHI - INCREASING RISK COVER

0

100000

200000

300000

400000

YEAR

SUM

ASS

UR

ED

2005-20102010-20152015-20202020-20252025-2030

Additional Death Cover : is available depending upon duration of policy

TermTerm 15 years15 years 20 years20 years 25 years25 yearsDurationDuration Additional Death Cover per thousand sum assuredAdditional Death Cover per thousand sum assuredFirst 5 yearsFirst 5 years -------- -------- --------66thth – 10 – 10thth year year 500500 500500 5005001111thth -15 -15th th year year 10001000 10001000 100010001616thth – 20 – 20thth year year -------- 15001500 150015002121stst – 25 – 25thth year year -------- -------- 20002000

Condition:

Policy shouldbe in

full force



Maturity Benefit

The policy matures on survival to the end of the policy term.

All bonuses declared up to maturity date will be paid in a lump sum. Intro Features Benefits Illustrations


Death Cover

If death occurs any time during the term of the policy, provided policy is in full force, the basic sum assured with vested bonuses will be payable.

Survival benefits already paid will not be deducted from the claim amount.

Additional amounts, as described earlier, will also be paid depending on the duration of the policy. Intro Features Benefits Illustrations


Bonus

Accident Cover

The policy is a with profit policy and participates in profits till the end of term. Bonus is calculated on basic sum assured and is payable on maturity or death, if earlier.

Accident cover, equal to basic sum assured is available under the plan, at by payment of a small additional premium, subject to a existing overall limits during the premium paying period. Intro Features Benefits Illustrations

Year

Total premiums

paid till end of year

Benefit on death during the yearGuarantee

dVariable Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1 10963 100000 2400 4800 102400 1048002 21926 100000 4800 9600 104800 1096003 32889 100000 7200 14400 107200 1144004 43852 100000 9600 19200 109600 1192005 54815 100000 12000 24000 112000 1240006 65778 150000 14400 28800 164400 1788007 76741 150000 16800 33600 166800 1836008 87704 150000 19200 38400 169200 1884009 98667 150000 21600 43200 171600 193200

10 109630 150000 24000 48000 174000 19800012 131556 200000 28800 57600 228800 25760015 131556 200000 36000 72000 236000 272000

Age at entry : 35 years Policy Term : 15 Years Premium Paying Term : 12 Years Mode of premium payment : YearlySum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 10963 /-



Age at entry : 35 years Policy Term : 15 Years Premium Paying Term : 12 Years Mode of premium payment : YearlySum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 10963 /-

YearTotal

premiums paid till the end of year

Benefit on survival / maturityGuarante

edVariable Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1 10963 0 0 0 0 02 21926 0 0 0 0 03 32889 0 0 0 0 04 43852 30000 0 0 30000 300005 54815 0 0 0 0 06 65778 0 0 0 0 07 76741 0 0 0 0 08 87704 30000 0 0 30000 300009 98667 0 0 0 0 0

10 109630 0 0 0 0 012 131556 40000 0 0 40000 4000015 131556 0 36000 72000 36000 72000



Year

Total Premiums paid till

end of year

Benefit on death during the yearGuarantee

dVariable Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1 9581 100000 2100 4600 102100 1046002 19162 100000 4200 9200 104200 1092003 28743 100000 6300 13800 106300 1138004 38324 100000 8400 18400 108400 1184005 47905 100000 10500 23000 110500 1230006 57486 150000 12600 27600 162600 1776007 67067 150000 14700 32200 164700 1822008 76648 150000 16800 36800 166800 1868009 86229 150000 18900 41400 168900 191400

10 95810 150000 21000 46000 171000 19600012 114972 200000 25200 55200 225200 25520015 143715 200000 31500 69000 231500 26900020 143715 250000 42000 92000 292000 342000

Age at entry : 35 years Policy Term : 20 Years Premium Paying Term : 15 Years Mode of premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 9581



Year

Total premiums paid till end of year

Benefit on Survival / Maturity

GuaranteedVariable Total

Scenario 1Scenario

2Scenario

1Scenario

21 9581 0 0 0 0 02 19162 0 0 0 0 03 28743 0 0 0 0 04 38324 25000 0 0 25000 250005 47905 0 0 0 0 06 57486 0 0 0 0 07 67067 0 0 0 0 08 76648 25000 0 0 25000 250009 86229 0 0 0 0 0

10 95810 0 0 0 0 012 114972 25000 0 0 25000 2500015 143715 25000 0 0 25000 2500020 143715 0 56000 122000 56000 122000

Age at entry : 35 years Policy Term : 20 Years Premium Paying Term : 15 Years Mode of premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 9581


Intro Features Benefits Illustrations Intro Features Benefits Illustrations

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 8776 100000 2800 6500 102800 1065002 17552 100000 5600 13000 105600 1130003 26328 100000 8400 19500 108400 1195004 35104 100000 11200 26000 111200 1260005 43880 100000 14000 32500 114000 1325006 52656 150000 16800 39000 166800 1890007 61432 150000 19600 45500 169600 1955008 70208 150000 22400 52000 172400 2020009 78984 150000 25200 58500 175200 208500

10 87760 150000 28000 65000 178000 21500012 105312 200000 33600 78000 233600 27800015 131640 200000 42000 97500 242000 29750018 157968 250000 50400 117000 300400 36700020 157968 250000 56000 130000 306000 38000025 157968 300000 70000 162500 370000 462500

Age at entry : 35 years Policy Term : 25 Years Premium Paying Term : 18 Years Mode of Premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 8776 /-



Age at entry : 35 years Policy Term : 25 Years Premium Paying Term : 18 Years Mode of Premium payment : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 8776 /-



Year

Total premiums

paid till end of year

Benefit on survival / maturity

Guaranteed

Variable Total

Scenario 1

Scenario 2

Scenario 1

Scenario 2

1 8776 0 0 0 0 02 17552 0 0 0 0 03 26328 0 0 0 0 04 35104 20000 0 0 20000 200005 43880 0 0 0 0 06 52656 0 0 0 0 07 61432 0 0 0 0 08 70208 20000 0 0 20000 200009 78984 0 0 0 0 0

10 87760 0 0 0 0 012 105312 20000 0 0 20000 2000015 131640 20000 0 0 20000 2000018 157968 20000 0 0 20000 2000020 157968 0 0 0 0 025 157968 0 93000 220500 93000 220500



i) This illustration is applicable to a non-smoker male/female

standard (from medical, life style and occupation point of

view) life.

ii) 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.

iii) 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.

iv) 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.

v) The maturity benefit is amount shown at the end of policy term.

Your life insurance portfolio –

incomplete without Jeevan Surabhi

Thank you

Popularity MeterPopularity Meter : 10,94,768 policies sold in 2003-04

Lic jeevan surabhi 106

Economy & Finance

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