lic limited payment endowment 48

Limited PaymentLimited PaymentEndowment PlanEndowment PlanAttractionsAttractions

Flexible Version ofFlexible Version of

LIC’s most popularLIC’s most popular

Endowment Plan Endowment Plan

Choice of several

Choice of several premium payment terms

premium payment terms available to suit

available to suit your convenience

your convenience

Simple,Simple,easy to understandeasy to understand

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Endowment Plan

Endowment Plan

Savings Oriented

Savings Oriented

High BonusHigh Bonus

High liquidityHigh liquidity

Intro

Features

Benefits

illustrations

Limited PaymentLimited PaymentEndowment PlanEndowment PlanFeaturesFeatures

Who can avail of this plan?

Who can avail of this plan?

Those aged between Those aged between

12 years (completed) and

12 years (completed) and

55 years.55 years.

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ForFor how many years is how many years is

premium payable?premium payable?

Options for premium

Options for premium payment terms are

payment terms are 5,10,15,20 & 25 years.

5,10,15,20 & 25 years.

For what durations

For what durations is risk covered ?

is risk covered ? Quinquennial Quinquennial Policy Policy

Terms Terms between 5 and 50

between 5 and 50 years.years. Maximum maturity

Maximum maturity age age allowed is 75

allowed is 75 years. years.

For For how many how many

years is premium

years is premium

payable?payable?

Options for Options for

premium premium

payment terms payment terms

are are 5,10,15,20 & 255,10,15,20 & 25

years.years.

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What are the benefits of the term assurance rider ?On death of the Life Assured during the term of cover under the rider, an amount equal to the Term Assurance Sum Assured is payable. The rider can be availed of by payment of a small additional premium.

Who can avail of the rider ?Those aged between age 18 years (completed) and 50 years (nearer birthday).The maximum age at maturity is 60 years.

What is the minimum and maximum sum assured allowed ?The minimum Sum Assured for the Term Rider is Rs. 1,00,000 and maximum sum assured is an amount equal to the Basic Sum Assured,subject to a maximum overall limit of Rs. 25,00,000.

Optional benefitsOptional benefits

Term Assurance Term Assurance RiderRider

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Term Assurance Term Assurance RiderRider

What are the terms allowed ?

The policy terms allowed are 10 to 35 years under regular premium policies;

5 to 35 years under Single premium policies and

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

This rider is allowed only if the age at maturity under the main policy is less than or equal to 60 years.

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

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Critical Illness Critical Illness Rider: EligibilityRider: Eligibility

(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 illnessRider : Rs.50,000/= (E) Minimum Sum Assured of the Main plan on which the Critical illness Rider can be given: Rs.50,000(F) Maximum Sum Assured : An amount equal to the Basic Sum for the 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 premium and 15, 20 & 25 years under limited premium paying term policies.This rider is allowed only if the maturity age under main policy is not greater than 60 years.

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Critical Illness Critical Illness Rider: BenefitsRider: Benefits

Critical Illness Sum Assured is payable on life assured surviving for a period of 28 days from date of occurrence of any of the following critical illnesses-

Heart Attack (Myocardial Infarction) Stroke (Cerebro-vascular Accident) Cancer, Kidney Failure, Major Organ transplant Paralysis, 3rd Degree Burns, Blindness Coronary Artery By-pass Surgery Heart Valve Replacement or Repair Aorta Graft Surgery

Premium Waiver Benefit: A policyholder has option to avail of a premium waiver benefit whereby premiums falling due on or after the date of diagnosis of critical illness are waived till maturity date of the main plan or earlier death of the life assured.Intro

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Limited PaymentLimited PaymentEndowment PlanEndowment PlanBenefitsBenefits

The policy participates in The policy participates in profits. Vested bonus and profits. Vested bonus and terminal bonus, if any, are terminal bonus, if any, are paid at the time of maturitypaid at the time of maturity or death if earlieror death if earlier. .

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Death Cover : Death Cover :

On unfortunate death

On unfortunate death

during the term of the

during the term of the

policy, sum assured plus

policy, sum assured plus

vested bonus plus final


additional bonus, if any, is


payable, provided policy

payable, provided policy

is in full force.is in full force.

Maturity benefit

Maturity benefit On survival upto date of

On survival upto date of

maturity, sum assured plus

maturity, sum assured plus





payable, provided policy is in

payable, provided policy is in full forcefull force

Accidental cover is Accidental cover is

available under the policy available under the policy

on payment of small on payment of small

additional premium.additional premium.

Loan is available under the

Loan is available under the

policy.policy.Intro

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Benefit payable on death / maturity at the end of year

Variable Total End of

year

Total premiums paid till end of year

Guaranteed Scenario 1

Scenario 2

Scenario 1

Scenario 2

1 4,464 100,000 2,100 5,700 102,100 105,700 2 8,928 100,000 4,200 11,400 104,200 111,400 3 13,392 100,000 6,300 17,100 106,300 117,100 4 17,856 100,000 8,400 22,800 108,400 122,800 5 22,320 100,000 10,500 28,500 110,500 128,500 6 26,784 100,000 12,600 34,200 112,600 134,200 7 31,248 100,000 14,700 39,900 114,700 139,900 8 35,712 100,000 16,800 45,600 116,800 145,600 9 40,176 100,000 18,900 51,300 118,900 151,300 10 44,640 100,000 21,000 57,000 121,000 157,000 15 66,960 100,000 31,500 85,500 131,500 185,500 20 89,280 100,000 56,000 152,000 156,000 252,000 25 89,280 100,000 69,500 189,500 169,500 289,500

Age at entry: 35 years Policy Term: 25 yearsPremium paying term: 20 years Mode of premium payment: Yearly; Sum Assured: Rs.1,00,000/- Annual Premium : Rs. 4464/-

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illustrationsillustrations

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Benefit payable on death / maturity at the end of year

Variable Total End of year

Total premiums

paid till end of year Guaranteed Scenario

1 Scenario

2 Scenario 1 Scenario 2

1 55,215 1,00,000 2,400 9,200 102,400 109,200 2 55,215 1,00,000 4,800 18,400 104,800 118,400 3 55,215 1,00,000 7,200 27,600 107,200 127,600 4 55,215 1,00,000 9,600 36,800 109,600 136,800 5 55,215 1,00,000 12,000 46,000 112,000 146,000 6 55,215 1,00,000 14,400 55,200 114,400 155,200 7 55,215 1,00,000 16,800 64,400 116,800 164,400 8 55,215 1,00,000 19,200 73,600 119,200 173,600 9 55,215 1,00,000 21,600 82,800 121,600 182,800 10 55,215 1,00,000 24,000 92,000 124,000 192,000 15 55,215 1,00,000 36,000 138,000 136,000 238,000 20 55,215 1,00,000 64,000 245,000 164,000 345,000 25 55,215 1,00,000 80,000 306,000 180,000 406,000

Age at entry: 35 years Policy Term: 25 years

Premium paying term: one Sum Assured: Rs.1,00,000/- Single Premium: Rs.55,215 /-

IntroIntro

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Endowment Plan illustrationsThis 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 amount shown at the end of the policy term.

Assumptions and Disclaimer

IntroIntro

FeaturesFeatures

BenefitsBenefits


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lic limited payment endowment 48

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