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Harish Chand LIFE INSURANCE CORPORATION OF INDIA Delhi LIC Agent PH. 9811896425 www.delhiLICagent.com
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 9811896425
www.delhiLICagent.com

Jeevan Saral Plan Presentation

Date :

28/12/2010

H I G H L I G H T S

LIC’s Jeevan Saral is a unique plan having good features of the conventional plans and the flexibility of unit linked plans. To the policyholder it provides —

· higher cover

· a smooth return,

· liquidity and

· a lot of flexibility

BENEFITS:

On death:

· 250 times the monthly premium, plus

· return of premiums excluding extra/rider premium and plus

· the loyalty addition, if any. On Maturity:

· Maturity sum assured, plus

· The Loyalty Additions, if any

Special Features:

first year premium,

· High risk cover at low premium

· Extended risk cover for one year after 3 years premium payment.

· Optional higher cover through Term Riders

· The policyholder can choose a maximum term but can surrender at any time without any surrender penalty or loss after 5 years

· Any number of withdrawals through partial surrendering

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

· Age at entry

· Age at maturity

· Term

· Premium

· Mode

: Minimum 12 (completed) and maximum 60 years nearest

: Maximum 70 years.

: All terms from 10 to 35 years.

: Minimum premium of Rs.250/- per month for entry age upto 49 years and Rs.400/- per month for entry age 50 years and above. There will be no limit on the maximum premium per month.

: Yearly, Half-yearly, Quarterly and Monthly under Salary Saving Scheme

In case of term rider, minimum and maximum age at entry will be 18 and 50 years respectively. Further minimum sum assured will be Rs.1 lakh.

Harish Chand LIFE INSURANCE CORPORATION OF INDIA Delhi LIC Agent PH. 9811896425 www.delhiLICagent.com
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 9811896425
www.delhiLICagent.com

Jeevan Saral Plan Presentation

Jeevan Saral Plan Continued

Pg. 2

Name : Mr. Ram

Age :

29 years

Term :

16 Years

Mode :

Yearly

Premium Budget p. m. :

2000

Installment Premium : 23520

Term Rider :

0

Term Rider Premium : 0

DAB :

500000

DAB Premium :

500

Total Installment Premium : 24020

Total Annual Premium :

24020

Section 80 CCE Invst. Limit :

100000

Section 80 CCE Tax Savings : 33.99 %

Risk Cover Benefits

   

D E A T H

B E N E F I T

   
 

Variable

 

Total

 
 

Annual

Tax

Nett

Total

 

Year

Age

Premium

Saved

Premium

Premium Paid

Guaranteed

Scenario1

Scenario2

 

Scenario1

Scenario2

2010

29

24020

8164

15856

15856

500000

0

0

500000

500000

2011

30

24020

8164

15856

31712

524000

0

0

524000

524000

2012

31

24020

8164

15856

47568

548000

0

0

548000

548000

2013

32

24020

8164

15856

63424

572000

0

0

572000

572000

2014

33

24020

8164

15856

79280

596000

0

0

596000

596000

2015

34

24020

8164

15856

95136

620000

0

0

620000

620000

2016

35

24020

8164

15856

110992

644000

0

0

644000

644000

2017

36

24020

8164

15856

126848

668000

0

0

668000

668000

2018

37

24020

8164

15856

142704

692000

0

0

692000

692000

2019

38

24020

8164

15856

158560

716000

80268

157155

796268

873155

2020

39

24020

8164

15856

174416

740000

91311

188823

831311

928823

2021

40

24020

8164

15856

190272

764000

104554

226393

868554

990393

2022

41

24020

8164

15856

206128

788000

118225

268562

906225

1056562

2023

42

24020

8164

15856

221984

812000

131961

315488

943961

1127488

2024

43

24020

8164

15856

237840

836000

145687

367677

981687

1203677

2025

44

24020

8164

15856

253696

860000

168859

435229

1028859

1295229

 

384320

130624

253696

Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of LIC’s projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.

90% of the premium is estimated as average investible portion in this Illustration.

Harish Chand LIFE INSURANCE CORPORATION OF INDIA Delhi LIC Agent PH. 9811896425 www.delhiLICagent.com
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 9811896425
www.delhiLICagent.com

Jeevan Saral Plan Presentation

Jeevan Saral Plan Continued

Pg. 3

Name : Mr. Ram

Age :

29 years

Term :

16 Years

Mode :

Yearly

Premium Budget p. m. :

2000

Installment Premium : 23520

Term Rider :

0

Term Rider Premium : 0

DAB :

500000

DAB Premium :

500

Total Installment Premium : 24020

Total Annual Premium :

24020

Section 80 CCE Invst. Limit :

100000

Section 80 CCE Tax Savings : 33.99 %

Maturity / Surrender Value Benefits

   

MATURITY / SURRENDER VALUE BENEFIT

   
 

Variable

Total

 
 

Annual

Tax

Nett

Total

Year

Age

Premium

Saved

Premium

Premium Paid

Guaranteed

Scenario1

Scenario2

Scenario1

Scenario2

2010

29

24020

8164

15856

15856

0

0

0

0

0

2011

30

24020

8164

15856

31712

0

0

0

0

0

2012

31

24020

8164

15856

47568

41024

0

0

41024

41024

2013

32

24020

8164

15856

63424

65574

0

0

65574

65574

2014

33

24020

8164

15856

79280

94600

0

0

94600

94600

2015

34

24020

8164

15856

95136

117780

0

0

117780

117780

2016

35

24020

8164

15856

110992

141840

0

0

141840

141840

2017

36

24020

8164

15856

126848

166920

0

0

166920

166920

2018

37

24020

8164

15856

142704

193380

0

0

193380

193380

2019

38

24020

8164

15856

158560

221520

80268

157155

301788

378675

2020

39

24020

8164

15856

174416

251480

91311

188823

342791

440303

2021

40

24020

8164

15856

190272

281700

104554

226393

386254

508093

2022

41

24020

8164

15856

206128

314100

118225

268562

432325

582662

2023

42

24020

8164

15856

221984

349200

131961

315488

481161

664688

2024

43

24020

8164

15856

237840

387240

145687

367677

532927

754917

2025

44

24020

8164

15856

253696

418940

168859

435229

587799

854169

 

384320

130624

253696

Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of LIC’s projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.

90% of the premium is estimated as average investible portion in this Illustration.