LIC New Jeevan Mangal Insurance Plan Benefits Illustration
LIC's Jeevan Mangal
Age (yrs.)
|
35
|
Terms years
|
10
|
sum Assured
|
30000
|
Annual Premium
|
1324.50
|
| End of year | Total Premium paid till end of year | Benefit payable on death during the year | Benefit payable on survival/maturity during the year |
| Guaranteed | Guaranteed | ||
| 1 |
1324.50
|
30000
|
0
|
| 2 |
2649.00
|
30000
|
0
|
| 3 |
3973.50
|
30000
|
0
|
| 4 |
5298.00
|
30000
|
0
|
| 5 |
6622.50
|
30000
|
0
|
| 6 |
7947.00
|
30000
|
0
|
| 7 |
9271.50
|
30000
|
0
|
| 8 |
10596.00
|
30000
|
0
|
| 9 |
11920.50
|
30000
|
0
|
| 10 |
13245.00
|
30000
|
13245.00
|
Age (Yrs.)
|
35
|
Terms Yrs
|
10
|
sum Assured
|
30000
|
Single Premium
|
3489
|
| End of year | Total Premium paid till end of year | Benefit payable on death during the year | Benefit payable on survival/maturity during the year |
| Guaranteed | Guaranteed | ||
| 1 | 3489.00 |
30000
|
0
|
| 2 | 3489.00 |
30000
|
0
|
| 3 | 3489.00 |
30000
|
0
|
| 4 | 3489.00 |
30000
|
0
|
| 5 | 3489.00 |
30000
|
0
|
| 6 | 3489.00 |
30000
|
0
|
| 7 | 3489.00 |
30000
|
0
|
| 8 | 3489.00 |
30000
|
0
|
| 9 | 3489.00 |
30000
|
0
|
| 10 | 3489.00 |
30000
|
3489.00
|
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.