LIC New Jeevan Mangal Insurance Plan Benefits Illustration

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.

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