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- Insurance Plans - Bima Account 2

PRODUCT FEATURES :
1. Name of the Product: LIC 's Bima Account - II
2. Unique Identification No.512N264V01
3. Amount of Instalment Premium:15000
4. Policy Term :15 Years
5. Age LA:30 Years
6. Premium Paying Term:15 Years
7. Sum Assured :150000
8. Mode of Premium Payment :Yearly
9. C urrent Service Tax rate10.30%p.a
Illustrative Account Value on Maturity:
Total Account Value of Policyholder at maturity @ 6% p.a (Rs.)333760
Total Account Value of Policyholder at maturity @ 10% p.a (Rs.)437523

Assuming Gross Interest rate of 6%

Assuming
10%

Gross

Interest rate

of

Total
Total
Premium
less Risk
Guaranteed
Policy Annualised C ommission expenses
expenses(excluding Premium Addition to Variable account
Variable
Year Premium
Paid
excluding
Value
Surrender Death
risk premium)
C harges Account
Addition
Addition
commission
at the value
Benefit
1
2
end of
year

Total
account
Value
Surrender Death
at the value
Benefit
end of
year

15000

1800

2325

10875

242

645

11278

161278 0

11278

161278

15000

600

525

13875

242

1501

26412

176412 0

26412

176412

15000

600

525

13875

248

2409

42448

42448

192448 0

42448

42448

192448

15000

375

375

14250

258

3394

59833

59833

209833 0

59833

59833

209833

15000

375

375

14250

271

4436

78249

78249

228249 0

78249

78249

228249

15000

375

375

14250

287

5541

97753

97753

247753 0

97753

97753

247753

15000

375

375

14250

306

6710

118407 118407

268407 0

118407 118407

268407

15000

375

375

14250

330

7949

140276 140276

290276 0

140276 140276

290276

15000

375

375

14250

356

9260

163430 163430

313430 0

163430 163430

313430

10

15000

375

375

14250

386

10648

187943 187943

337943 0

187943 187943

337943

11

15000

375

375

14250

425

12118

213886 213886

363886 0

213886 213886

363886

12

15000

375

375

14250

465

13673

241345 241345

391345 0

241345 241345

391345

13

15000

375

375

14250

500

15320

270414 270414

420414 0

270414 270414

420414

14

15000

375

375

14250

538

17063

301189 301189

451189 0

301189 301189

451189

15

15000

375

375

14250

586

18907

333760 333760

483760 103762

437523 437523

587523

Note:
1) Guaranteed Interest is on Policyholder's Account and not on Gross Premiums paid.
2) Guaranteed Addition to Account shown above is based on the interest income guaranteed @ 6% p.a.for the entire term of the policy.
3) The variable addition to account shows the additional interest credit during the term of the policy.
4) At assumed gross interest rate, the additional interest credit has been shown at the end of the policy term.
The additional interest credit may be made during the term of the policy if declared.

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C opyright Life Insurance C orporation of India 2004
R e gistration num be r : 512
De signe d by: Digital Branding Solutions