Life Insurance Corporation of India

presents its unique

Marriage Endowment and Educational Annuity Policy

Guaranteed payment of Policy Monies

Intro

at a date decided by you amount decided by you

Features

despite uncertainties of life

Helps you fulfil your major responsibilities :

Benefits

your childs higher education

your childs marriage

illustrations

 Inbuilt premium waiver benefit at no extra cost. Lower premiums

Intro

Policy monies are paid only at the pre-decided dates, whether on survival to the end of the term or unfortunate death if earlier. This ensures that the monies are used only for the purpose for which you had taken the policy. Bonus continues to accrue even during the premium waiver period.

Features

Benefits

illustrations

 Policy monies can be received in 10 equal half-yearly instalments, if you choose so. Policy monies received can also be used to purchase annuities to provide for rest of the life. Term Assurance Rider available at a small additional premium. Recommended: Owing to nature of the policy, especially if it is your first and only life insurance policy. Ideal plan as supplement to other plans.

Intro

Features

Benefits

illustrations

Who can avail of this policy? Those aged between 18 (completed) and 60 years (nearest birthday). What are the policy terms available? You can choose policy terms between 5 years to 25 years. The maximum maturity age is 70 years. What is meant by premium waiver benefit.? If, for example, a person chooses a policy term of 12 years, on his unfortunate death before completion of the term, the remaining premiums payable till maturity are waived. However, bonus continues to accrue even during the waiver period.

Intro

Features

Benefits

illustrations

Survival Benefit : When the policyholder survives till date of maturity and policy is in force, the following amount is paid : Full sum assured + Vested Bonus + Final Additional Bonus, if any. Option available : To avail above amount in 10 half Yearly installments.
illustrations

Intro

Lumpsum

Features

Benefits

Death Cover : On unfortunate death during premium payment period, the following amount is paid in lump sum on completion of the policy term : Intro Full sum assured + Vested Bonus + Final Additional Bonus, if any However, the beneficiary has the option to receive the amount in 10 equal half yearly instalments.

Features

Accident Cover :
Benefits Available by paying small additional premiums. An amount equivalent to basic sum assured becomes payable immediately, in case of unfortunate death due to accident during the term of the policy.

illustrations

Age at entry: 35 years Mode of premium payment: Yearly Policy Term: 25 years Sum Assured: Rs.1,00,000/Premium Payment Term :25 years Annual Premium: Rs.3727.00

Benefit payable on death / maturity at the end of year

End of year
1

Total premiums paid till end of year 3,727 7,454 11,181

Variable Guaranteed Scenario 1 Scenario 2 -

Total Scenario 1 Scenario 2 -

Intro

2 3

4
5

14,908
18,635 22,362 26,089 29,816 33,543 37,270 55,905

Features

6 7 8 9

Benefits

10 15

20

74,540

25

93,175

1,00,000

69,500

182,500

169,500

282,500

illustrations

i)

This illustration is applicable to a non-smoker male/female standard (from medical, life style and 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 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.

ii)

Intro

Features

Benefits

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 & as such is not guaranteed. However, once bonus is declared in any year & added to the policy, the bonus so added is guaranteed. The Maturity Benefit is the amount shown at the end of the policy term

illustrations