Lic jeevan sathi 89

LIC
presents
Jeevan Saathi,
the only true
Joint Life
insurance policy

LIC presents Jeevan Saathi –
the only true Joint-Life insurance policy
attractionsattractions
Risk cover to both husband & wife through a single
policy.
Premium marginally higher than premium for risk
cover on a single life.
Both husband and wife can avail of accident cover.
Guaranteed sum assured in case of unfortunate death
of one of the lives before maturity and risk cover on the
other life continues. Second sum assured paid on
survival of second life till maturity or death, if earlier.
Intro Features Benefits Illustrations

attractionsattractions
Premium Waiver in case of unfortunate death of one life
before maturity – all premiums waived.
Policy is a with profit policy and vested bonuses
calculated on the basic sum assured are paid on date of
maturity or along with sum assured on death of second
life, if earlier.
Bonus continues to accrue even during premium waiver
period.

featuresfeatures
Who can avail of this plan?
This policy is issued on the lives of husband and wife with
minimum age nearer birthday of both lives being 20 years and
maximum age nearer birthday of both lives being 50 years.
For how many years is risk cover provided?
Choice of policy terms available is between 15 to 30 years with
maximum age at maturity allowed being 70 years on older life.
For how long is premium payable ?
Upto date of maturity or unfortunate death of first life, if earlier.

featuresfeatures
For what sums assured can the policy be issued ?
The minimum sum assured is Rs. 50,000.
If female life is Category I, the sum assured depends on income.
If female life is Category II, maximum sum assured is Rs. 50 lakhs.
For housewives, maximum sum assured is Rs. 10 lakhs subject to
maximum of husband’s insurance, provided she is a graduate and
holds a driving license, credit card, passport etc.
For other Category III female lives, maximum sum assured is Rs.
1,00,000.

featuresfeatures
Is accident cover available to both lives?
Yes, for a small additional premium subject to specified overall
limit on both lives. Accident benefit equal to basic sum assured is
paid in case of accidental death of first life.
Accident benefit on second life is payable on accidental death of
second life, either simultaneously or separately from first life.
Is loan available under the plan?
Yes, loan is available under the plan.

benefitsbenefits
Maturity Benefit:
If one or both lives survive till date of maturity, the sum assured
along with the vested bonuses will be payable.
Death Cover :
Sum assured is paid on the first death and again on the death of
the survivor during the term of the policy. Vested bonuses would
also be paid along with the sum assured or on second death, if it
occurs earlier.

End of
year
Total
premiums
paid till end
of year
Benefit payable on
first death of lives
covered
Benefit payable on second death of lives covered during the policy term or on
survival of one or both the lives till the date of maturity
Guaranteed Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 5,361 1,00,000 1,00,000 2,100 5,700 102,100 105,700
2 10,722 1,00,000 1,00,000 4,200 11,400 104,200 111,400
3 16,083 1,00,000 1,00,000 6,300 17,100 106,300 117,100
4 21,444 1,00,000 1,00,000 8,400 22,800 108,400 122,800
5 26,805 1,00,000 1,00,000 10,500 28,500 110,500 128,500
6 32,166 1,00,000 1,00,000 12,600 34,200 112,600 134,200
7 37,527 1,00,000 1,00,000 14,700 39,900 114,700 139,900
8 42,888 1,00,000 1,00,000 16,800 45,600 116,800 145,600
9 48,249 1,00,000 1,00,000 18,900 51,300 118,900 151,300
10 53,610 1,00,000 1,00,000 21,000 57,000 121,000 157,000
15 80,415 1,00,000 1,00,000 31,500 85,500 131,500 185,500
20 107,220 1,00,000 1,00,000 56,000 152,000 156,000 252,000
25 134,025 1,00,000 1,00,000 69,500 189,500 169,500 289,500
Illustration 1 (Table 89) : Age at entry : 35 years (Equivalent age) Policy Term : 25 Years
Mode : Yearly Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 5361 /-
illustrationsillustrationsLIC presents Jeevan Saathi

 This illustration is applicable to a non-smoker male/female standard (from
medical, life style and 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
other words, 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.

 Future bonus will depend on future profits and as such is not guaranteed.
However, once bonus is declared in any year and added to the policy, the
bonus so added is guaranteed.
 The Maturity Benefit is the amounts shown at the end of the policy term.

 Equivalent age for premium calculation is worked out by referring to actual
ages of the lives covered.
Illustrations : assumptions andIllustrations : assumptions and
disclaimerdisclaimer
LIC presents Jeevan SaathiLIC presents Jeevan Saathi

Lic jeevan sathi 89

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