75 93 Money Back Plans

8/12/2019 75 93 Money Back Plans

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Presenting

NewNew MoneyMoney Back PlanBack Plan

in two variantsin two variants --

Plan 75 : A 20Plan 75 : A 20--year policyyear policyPlan 93 : A 25Plan 93 : A 25--year policyyear policy


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The original, basic money back policy

High liquidity

e ps o u your regu ar nee s as we aslong term needs

Guaranteed survival benefit : 15% or 20%

ofbasic sum assured paid at regular intervalsof 5 years.

IntroIntro featuresfeatures benefitsbenefits illustrationsillustrations


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Survival benefits already paid, are not deducted,

if claim arises in case of unfortunate death.

A with-profit policy, bonus calculated on full sum

, .

Now, loans available under the policy

Optional benefits include term assurance rider and

critical illness rider on payment of small additionalpremium.



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Who can avail of this plan?Who can avail of this plan?

Minimum age at entry : 13 years (completed)

Maximum age at entry under Plan 75 : 50 years (nearest birthday).Maximum age at entry under Plan 93 : 45 years (nearest birthday).

For how many years is risk cover available?For how many years is risk cover available?

Under Plan 75 : olic term is 20 ears.

Under Plan 93 : policy term is 25 years.

For what amount is risk cover available?For what amount is risk cover available?

Minimum Sum Assured is Rs. 50,000. There is no maximum limit forSum Assured but it depends on income.

Is there any limit on maximum age at maturity?Is there any limit on maximum age at maturity?Yes, maximum age at maturity allowed: 70 years.

For how many years is premium payable?For how many years is premium payable?

Throughout the term.



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On death of the Life Assured during the term of cover under the rider, an amountequal to the Term Assurance Sum Assured will be payable. This benefit is available onpayment of small additional premium.

Eligibility

(A) Minimum & maximum age at entry: 18 years (lbd) & 50 years (nbd)(B) Maximum age at maturity : 60 years(C) Minimum Sum Assured for the Term Rider : Rs. 1,00,000

Term Assurance RiderTerm Assurance Rider

. . . , ,

(F) Maximum S.A. for Term Rider: An amount equal to the Basic S.A.subject to a max Rs. 25 lakhs overalllimit on term riders on all plans).

(G) Term : 10 to 35 years under regular premium policies;5 to 35 years under Single premium policies

&15, 20 and 25 years under limited premium paying term policies.

This rider shall be allowed only if age at maturity under the main policy is less thanor equal to 60 years. The policy term and premium paying term of the rider shouldmatch with the policy term and premium paying term under the main policy.



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The Critical Illness Sum Assured will be payable on the lifeassured surviving for a period of 28 days from the date ofoccurrence of any of the following critical illnesses-

Heart Attack (Myocardial Infarction)Stroke (Cerebro-vascular Accident)

Critical Illness Rider : BenefitsCritical Illness Rider : Benefits

CancerKidney FailureMajor Organ transplantParalysis3rd Degree Burns

BlindnessCoronary Artery By-pass SurgeryHeart Valve Replacement or RepairAorta Graft Surgery



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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.50,000F Maximum Sum Assured : An amount e ual to the Basic Sum for the

Critical Illness Rider : EligibilityCritical Illness Rider : Eligibility

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 premiumand 15, 20 & 25 years under limited premium paying term policies.

This rider is allowed only if the maturity age under main policy is notgreater than 60 years.

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



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Death CoverDeath Cover::Sum Assured + Vested Bonuses + Final AdditionalSum Assured + Vested Bonuses + Final AdditionalBonus, if any, is payable in a lump sum on deathBonus, if any, is payable in a lump sum on deatho e e assure ur n e po cy erm.o e e assure ur n e po cy erm.

Maturity BenefitMaturity Benefit::

40% of the Sum Assured + Vested Bonuses + Final40% of the Sum Assured + Vested Bonuses + FinalAdditional Bonus, if any, is payable in a lump sumAdditional Bonus, if any, is payable in a lump sumon survival to the end of the policy termon survival to the end of the policy term



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Plan Term

in

years

Prem.Payable

for..years

SurvivalBenefitpayableafter 5years

SurvivalBenefitpayableafter 10

years

SurvivalBenefitpayableafter 15

years

Survival Benefitpayable after 20

years

Survival Benefitpayable after

25 years

75 20 20 20% ofS.A.

20% ofS.A.

20% ofS.A

40% of SA plusVested Bonusplus TerminalBonus,if any.

------

93 25 25 15% of

S.A.

15% of

S.A.

15% of

S.A.

15% of

S.A.

40% of SA

plus VestedBonus plusTerminal

Bonus,if any.



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Endofyear Total premiums

Paid till endof year

Benefit on survival / maturity at the end of year

Guaranteed

Variable Total

Scenario 1 Scenario 2 Scenario 1 Scenario 2

1 6564 0 0 0 0 0

2 13128 0 0 0 0 0

Illustration 1 (Table 75)Illustration 1 (Table 75) : Age at entry : 35 years Policy Term : 20 YearsMode : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 6564 /-

4 26256 0 0 0 0 0

5 32820 20000 0 0 20000 20000

6 39384 0 0 0 0 0

7 45948 0 0 0 0 0

8 52512 0 0 0 0 09 59076 0 0 0 0 0

10 65640 20000 0 0 20000 20000

15 98460 20000 0 0 20000 20000

20 131280 40000 53000 106000 93000 146000



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End of

year

Total premiumspaid

till end

of year

Benefit on death during the year

Guaranteed

Variable Total


1 6564 100000 2400 4800 102400 104800

2 13128 100000 4800 9600 104800 109600

3 19692 100000 7200 14400 107200 114400

Illustration 1 (Table 75)Illustration 1 (Table 75) : Age at entry : 35 years Policy Term : 20 YearsMode : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 6564 /-

5 32820 100000 12000 24000 112000 124000

6 39384 100000 14400 28800 114400 128800

7 45948 100000 16800 33600 116800 133600

8 52512 100000 19200 38400 119200 138400

9 59076 100000 21600 43200 121600 14320010 65640 100000 24000 48000 124000 148000

15 98460 100000 36000 72000 136000 172000

20 131280 100000 48000 96000 148000 196000



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Illustration 2 (Table 93):Illustration 2 (Table 93): Age at entry : 35 years Policy Term : 25 YearsMode : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 5507

End ofyear

Totalpremiums

paidtill end

of year

Benefit on death during the year

Guaranteed

Variable Total


1 5507 100000 2700 5800 102700 105800

2 11014 100000 5400 11600 105400 111600

3 16521 100000 8100 17400 108100 117400

5 27535 100000 13500 29000 113500 129000

6 33042 100000 16200 34800 116200 134800

7 38549 100000 18900 40600 118900 140600

8 44056 100000 21600 46400 121600 146400

9 49563 100000 24300 52200 124300 15220010 55070 100000 27000 58000 127000 158000

15 82605 100000 40500 87000 140500 187000

20 110140 100000 54000 116000 154000 216000

25 137675 100000 67500 145000 167500 245000



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Endofyear

Total premiumspaid

till end

of year

Benefit on survival / maturityat the end of year

Guaranteed

Variable Total


1 5507 0 0 0 0 0

2 11014 0 0 0 0 0

3 16521 0 0 0 0 0

Illustration 2 (Table 93):Illustration 2 (Table 93): Age at entry : 35 years Policy Term : 25 YearsMode : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 5507

4 22028 0 0 0 0 0

5 27535 15000 0 0 15000 15000

6 33042 0 0 0 0 0

7 38549 0 0 0 0 0

8 44056 0 0 0 0 0

9 49563 0 0 0 0 0

10 55070 15000 0 0 15000 15000

15 82605 15000 0 0 15000 15000

20 110140 15000 0 0 15000 15000

25 137675 40000 74500 161000 114500 201000



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1. This illustration is applicable to a non-smoker male/female standard (frommedical, life style and occupation point of view) life.

2. The non-guaranteed benefits (1) and (2) in above illustration arecalculated so that they are consistent with the Projected Investment Rateof Return assumption of 6% p.a.(Scenario 1) and 10% p.a. (Scenario 2)respectively. In other words, in preparing this benefit illustration, it isassumed that the Pro ected Investment Rate o Return that LICI will be

Illustrations assumptions

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 notguaranteed.

3. The main objective of the illustration is that the client is able toappreciate the features of the product and the flow of benefits in

different circumstances with some level of quantification.4. 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, thebonus so added is guaranteed.



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Documents

75 93 Money Back Plans