Professional Documents
Culture Documents
Saral Bachat
Benefit Illustration
Proposer Name
Kailash Jadhav
Date of Report
05/04/2013
Age
41
Policy Term
15
Risk Cover
Premium Schedule
Premium Payment
Year
Age
Normal
Accidental
Return
from LIC
Standard
Thru. Advance
Prem. Facility
Own Fund
From Return
Net
Returns
Cash
Value
Loan
Available
2013
41
347500
347500
117020
140596
140596
75740
68250
2014
42
356500
356500
8820
97651
88000
2015
43
365500
365500
8820
103061
92750
2016
44
374500
374500
24000
8820
23576
23576
424
114290
102750
2017
45
383500
383500
8820
129966
117000
2018
46
392500
392500
8820
143490
129000
2019
47
401500
401500
24000
8820
23576
23576
424
139966
126000
2020
48
410500
410500
8820
154016
138750
2021
49
419500
419500
8820
168434
151500
2022
50
324090
324090
147080
8820
37153
37153
109927
132937
119750
2023
51
344614
344614
8820
154572
139000
2024
52
367386
367386
8820
178371
160500
2025
53
391944
391944
8820
204549
184000
2026
54
418392
418392
8820
233345
210000
2027
55
446678
446678
8820
265021
238500
2028
56
265021
265021
460101
240500
224901
Total:
375796
Illustration Notes:
l The above illustration is a combination of 2 very popular plans of LIC, viz. Jeevan Saral and Bima Bachat.
l Jeevan Saral is a widely sold insurance plan of L.I.C. which offers many exceptional benefits to the policy holders. Unfortunately this plan is
not available for Single Premium payment. The objective of this combination is to provide a Single Premium payment solution while keeping
the attractive benefits of Jeevan Saral intact.
l The basis of the solution is to fund the premium liability of Jeevan Saral with periodical returns received through Bima Bachat plan. The
returns are channelized to Jeevan Saral policy using the Advance Premium facility offered by L.I.C. of India to its policy holders.
l You are expected to make a one time payment of Rs. 140596 which will be used to pay first 4 years premium payment of Jeevan Saral in
advance and also pay up the single premium for the Bima Bachat policy.
l Thereafter all subsequent premiums of Jeevan Saral will be funded by the returns of Bima Bachat policy.
l You also land up paying lesser premium in this solution as all advance premium payments are discounted by 5% per annum by L.I.C. of India.
l An estimated Loyalty addition has been considered on applicable plans.The estimation is only for the purpose of understanding the benefits of
this illustration and is purely indicative / non-guaranteed. Final figures may differ as per the actual experience of the plan performance by L.I.C.
of India.
Disclaimer:
The benefits illustrated above are based on certain assumptions regarding the performance of the respective plans in future.
Therefore the figures shown herein are only suggestive and must not be considered as guaranteed in any manner. The actual results
may vary depending upon the future performance of the plans consumed in this combination.
Saral Bachat
Agent Copy
Sum
DAB
Sum
165\15\15
187500
175\9\1
160000
Plan
Premium
Single
SSS
Mly
Qly
Hly
Yly
750
750
2250
4455
8820
108200