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Money Back Policy-20 year
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Money Back Policy-25 year

JEEVAN CHHAYA LIFE INSURANCE POLICY BY LIC

(Plan No. 103)

Features of Jeevan Chhaya

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 (Table 103)
Age at entry: 35 Years
Policy Term: 25 Years
Mode of premium payment: Yearly
Sum Assured: Rs. 1,00,000 /-
Annual Premium: Rs. 4653 /-

End of 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

4653

100000

0

0

100000

100000

2

9306

100000

0

0

100000

100000

3

13959

100000

0

0

100000

100000

4

18612

100000

0

0

100000

100000

5

23265

100000

0

0

100000

100000

6

27918

100000

0

0

100000

100000

7

32571

100000

0

0

100000

100000

8

37224

100000

0

0

100000

100000

9

41877

100000

0

0

100000

100000

10

46530

100000

0

0

100000

100000

15

69795

100000

0

0

100000

100000

20

93060

100000

0

0

100000

100000

25

116325

100000

0

0

100000

100000




























In addition,

Year
Total Premiums paid till end of year
Benefit payable on death/survival upto the end of policy term
Guaranteed
Variable
Total
Scenario 1
Scenario 2
Scenario 1
Scenario 2
22
102366
25,000
0
0
25,000
25,000
23
107019
25,000
0
0
25,000
25,000
24
111672
25,000
0
0
25,000
25,000
25
116325
25,000
69,500
182,500
94,500
207,500
















(i) This illustration is applicable to a non-smoker male/female standard (from medical and life style 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 bonuses 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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