Table no. 165 jeevan saral

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1. Welcome to the presentation on Welcome to the presentation on
JEEVAN JEEVAN
SARALSARAL
an innovative plan with never-before an innovative plan with never-before
featuresfeatures

2. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
 A unique plan – First of A unique plan – First of
itsits
kindkind
 Only traditional non-Only traditional non-
linkedlinked
insurance plan havinginsurance plan having
provisions for partialprovisions for partial
surrenderssurrenders
 A conventional plan A conventional plan
withwith
features of linked features of linked
productsproducts
ATTRACTIONSATTRACTIONS

3. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
 No surrender penalty after 5No surrender penalty after 5
yearsyears
 Risk cover same for any entryRisk cover same for any entry
age and term and depends onage and term and depends on
the premium onlythe premium only
 Loyalty additions Loyalty additions
 Option available to keepOption available to keep
policy in force, for reducedpolicy in force, for reduced
premium and benefits, evenpremium and benefits, even
after partial surrender. after partial surrender.
ATTRACTIONSATTRACTIONS

4. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
 Easy to understandEasy to understand
 Provides guarantees and Provides guarantees and
smooth return over the smooth return over the
termterm
 High liquidity and High liquidity and
flexibilityflexibility
of termof term
 Higher risk cover at Higher risk cover at
same same
cost. cost.
ATTRACTIONS

5. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
 Who can avail of this policy ?
Those aged between 12 years (completed)
and
60 years (nearest birthday)
 What are the periods for which risk cover is
available?
Options are available for terms 10 to 35
years.
 Are their limits on maturity age?
Maximum age at maturity : 70 years.
 Are their limits on premium payable?
- For entry age up to 49 years, minimum
premium
payable is Rs. 250 per month.
- For entry age 50 years and above,
minimum
premium payable is Rs. 400 per month
- There is no maximum limit on premium.
- Monthly premium will be in multiples of
Rs. 50/-
FEATURESFEATURES

6. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
Following optional riders are available by
payment of additional premium:
 Accidental death and disability benefit
rider
 Term Assurance benefit rider
The maximum cover for the above riders
will be
Rs.25 lakhs under all policies.
The Term Assurance and Accident Benefit
Sums
Assured under the riders will be equal to
or less than
Death Benefit Sum Assured under the
basic plan.
For the term rider, the following conditions
apply :
Entry Age: Between 18 years (comp.) & 50
years
Maximum age at maturity : 60 years
Sum Assured : Between Rs.1 lakh and Rs. 25
lakhs
(including Term Rider taken under all LIC
plans)
Term rider shall be available for the same
term as that under the main policy and the
Term Rider Sum Assured should be in
multiples of Rs.10,000.
FEATURES (Riders) FEATURES (Riders)

7. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
After completion of 3 years or more from commencement
provided premiums are paid for at least 3 full years,
partial surrenders are permitted.
Basic premium shall be reduced & surrender value
corresponding to amount by which the basic premium
is reduced will be paid subject to following conditions:
¨  Once a partial surrender is made, all benefits under the
policy will get automatically reduced proportionately.
¨  Sum assured under Accident and term rider benefits &
additional premium payable for such benefits will
also get correspondingly reduced, provided reduced basic
annual premium after partial surrender is not less than
Rs.3,000/-, where the entry age is 49 years or below &
Rs.4800 where the entry age is 50 years or above.
¨  Minimum basic annual premium that can be surrendered
at a time is Rs.1200/- p.a. & in multiples of Rs.600 p.a.
thereafter.
¨  Minimum waiting period of one year is required between
two successive surrenders. Partial surrender is allowed if
no loan is outstanding. Subject to above conditions,
any number of partial surrenders are permitted.
Partial Surrenders - ExplainedPartial Surrenders - Explained

8. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
Death Cover :Death Cover :
       250 times the monthly basic premium
+ Return of premiums paid (less FY Premium and
extra / rider premiums, if any, plus
   + Loyalty additions, if any.
 Maturity Benefit :Maturity Benefit :
         Maturity sum assured, plus
+ Loyalty Additions, if any.
Loyalty Addition : Loyalty Addition :
 Loyalty additions will be declared after the policy
has been in full force for at least 10 years.
 Loyalty additions will also be payable if a death claim
occurs in the 10th year of the policy provided that the
policy is in full force.
 Loyalty additions will be subject to the Corporation’s
experience.
BENEFITSBENEFITS

9. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
3462962002962110006500013529611760025
206124136124100000300001061249408020
116200882004100013000752007056015
6136050360180007000433604704010
37892378920037892423369
32744327440032744376328
27856278560027856329287
23180231800023180282246
18660186600018660235205
12942129420012942188164
80998099008099141123
0000094082
0000047041
Scenario
2
Scenari
o 1
Scenario
2
Scenario
1
TotalVariable
Guarantee
d
Amount payable on surrender or maturity at the end of
year
 
Total
premium
s paid
till end
of year
End
of
year
Age at entry: 35 years Policy term: 25 years
Mode of premium payment: Yearly
Amount of annual premium: Rs.4704/-
Illustrations

10. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
42620
02802002110006500021520011760025
29120
0221200100000300001912009408020
20820
018020041000130001672007056015
16120
01502001800070001432004704010
13840
013840000138400423369
13360
013360000133600376328
12880
012880000128800329287
12400
012400000124000282246
11920
011920000119200235205
11440
011440000114400188164
10960
010960000109600141123
10480
01048000010480094082
10000
01000000010000047041
Scenar
io 2
Scenari
o 1
Scenari
o 2
Scenario
1
TotalVariable
Guaran
teed
Amount payable at the end of year on death
during the year
 
Total
premiums
paid till
end of
year
End
of
yea
r
Age at entry: 35 years Policy term: 25 years
Mode of premium payment: Yearly
Amount of annual premium: Rs.4704/-
Illustrations

11. an innovative plan
with
never-before
features
IntroIntro
IllustrationIllustration
FeaturesFeatures
BenefitsBenefits
This illustration is applicable to Non-smoker male/female
standard (from medical, life style & occupation point of
view) life.
 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 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.
 Loyalty additions will depend on future profits
and as
such is not guaranteed..
 The Maturity Benefit is the amount shown at
the end
of the policy term.
Illustrations- Assumptions and Illustrations- Assumptions and
DisclaimerDisclaimer

12. an innovative plan
with
never-before
features