Scribd Logo
Upload

Welcome to Scribd!

  • 25 views

    933-Jeevan Lakshya: Prepared by

    Uploaded by

    Vishal Gupta
    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 24-year old individual named abc. The plan provides a sum assured of Rs. 200,000 with a policy term of 15 years and premium payment term of 12 years. The annual premium for the first year would be Rs. 16,822 reducing to Rs. 16,460 for subsequent years. Over the policy term, the total premium payable would be Rs. 197,882. Starting from age 39, the individual would receive returns of Rs. 29,755 annually up to age 53 for a total return amount of Rs. 446,325. The plan provides natural death and accidental death coverage reducing over the policy term

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    933-Jeevan Lakshya: Prepared by

    Uploaded by

    Vishal Gupta
    25 views8 pages
    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 24-year old individual named abc. The plan provides a sum assured of Rs. 200,000 with a policy term of 15 years and premium payment term of 12 years. The annual premium for the first year would be Rs. 16,822 reducing to Rs. 16,460 for subsequent years. Over the policy term, the total premium payable would be Rs. 197,882. Starting from age 39, the individual would receive returns of Rs. 29,755 annually up to age 53 for a total return amount of Rs. 446,325. The plan provides natural death and accidental death coverage reducing over the policy term

    Original Description:

    Original Title

    abc_jLakshya_23-5-2022 9.13.58

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 24-year old individual named abc. The plan provides a sum assured of Rs. 200,000 with a policy term of 15 years and premium payment term of 12 years. The annual premium for the first year would be Rs. 16,822 reducing to Rs. 16,460 for subsequent years. Over the policy term, the total premium payable would be Rs. 197,882. Starting from age 39, the individual would receive returns of Rs. 29,755 annually up to age 53 for a total return amount of Rs. 446,325. The plan provides natural death and accidental death coverage reducing over the policy term

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    25 views8 pages

    933-Jeevan Lakshya: Prepared by

    Uploaded by

    Vishal Gupta
    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 24-year old individual named abc. The plan provides a sum assured of Rs. 200,000 with a policy term of 15 years and premium payment term of 12 years. The annual premium for the first year would be Rs. 16,822 reducing to Rs. 16,460 for subsequent years. Over the policy term, the total premium payable would be Rs. 197,882. Starting from age 39, the individual would receive returns of Rs. 29,755 annually up to age 53 for a total return amount of Rs. 446,325. The plan provides natural death and accidental death coverage reducing over the policy term

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 8

    933-Jeevan Lakshya

    Prepared By

    Ph:
    This is proposed to

    Proposer Details
    Name abc
    Age 24
    Plan Name 933-Jeevan Lakshya
    Sum Assured 200000
    Policy Term 15
    PPT 12
    DAB Rider 200000
    AD & DB Rider 0
    Term Rider 0
    CIR SA 0
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    16822 8498 4293 1431
    16098+724 8132+366 4108+185 1369+62

    2nd year onwards


    YLY HLY QLY MLY
    16460 8315 4200 1400
    16098+362 8132+183 4108+92 1369+31

    Total Premium Rs.197882


    Total Returns Rs.446325

    Save Rs.45 per day for 12 yrs, and get an


    amount of Rs.446325
    Year Age Premium Natural Accidental Returns CashValue Loan

    2022 24 16822 638000 838000 0 0 0

    2023 25 16460 618000 818000 0 9658 8692

    2024 26 16460 598000 798000 0 18514 16662

    2025 27 16460 578000 778000 0 37622 33859

    2026 28 16460 558000 758000 0 47145 42430

    2027 29 16460 538000 738000 0 56775 51097

    2028 30 16460 518000 718000 0 66546 59891

    2029 31 16460 498000 698000 0 82034 73830

    2030 32 16460 478000 678000 0 99119 89207

    2031 33 16460 458000 658000 0 117905 106114

    2032 34 16460 438000 638000 0 138436 124592

    2033 35 16460 418000 618000 0 160832 144748

    2034 36 0 398000 598000 0 185178 166660

    2035 37 0 378000 578000 0 212219 190997

    2036 38 0 358000 558000 0 228578 205720

    2037 39 0 0 0 29755 0 0

    2038 40 0 0 0 29755 0 0

    2039 41 0 0 0 29755 0 0

    2040 42 0 0 0 29755 0 0

    2041 43 0 0 0 29755 0 0

    2042 44 0 0 0 29755 0 0

    2043 45 0 0 0 29755 0 0

    2044 46 0 0 0 29755 0 0

    2045 47 0 0 0 29755 0 0

    2046 48 0 0 0 29755 0 0

    2047 49 0 0 0 29755 0 0
    2048 50 0 0 0 29755 0 0

    2049 51 0 0 0 29755 0 0

    2050 52 0 0 0 29755 0 0

    2051 53 0 0 0 29755 0 0

    2052 54 0 0 0 0 0 0

    0 0 197882 0 0 446325 0 0
    Lets claculate the Risk cover at Age 28
    Natural Risk Cover:

    10% of the Sum Assured is given every year from


    Age:28-Age:38
    20000*11=Rs.220000

    On maturity 110% of Sum Assured along with bonus is


    given
    Rs.338000

    220000+338000+0 = Rs.558000

    Accidental Risk Cover:

    Double Accidental Benefit is given immediatelly at


    Age:28 (Rs.200000)

    10% of the Sum Assured is given every year from


    Age:28-Age:38
    20000*11=Rs.220000

    On maturity 110% of Sum Assured along with bonus is


    given
    Rs.338000

    200000+220000+338000+0 = Rs.758000
    Accidental Risk Cover at Age:28

    Year Age Premium Natural Accidental Returns CashValue Loan

    2022 24 16822 0 200000 0 0 0

    2023 25 16460 0 200000 0 9658 8692

    2024 26 16460 0 200000 0 18514 16662

    2025 27 16460 0 200000 0 37622 33859

    2026 28 0 0 0 220000 47145 42430

    2027 29 0 0 0 20000 56775 51097

    2028 30 0 0 0 20000 66546 59891

    2029 31 0 0 0 20000 82034 73830

    2030 32 0 0 0 20000 99119 89207

    2031 33 0 0 0 20000 117905 106114

    2032 34 0 0 0 20000 138436 124592

    2033 35 0 0 0 20000 160832 144748

    2034 36 0 0 0 20000 185178 166660

    2035 37 0 0 0 20000 212219 190997

    2036 38 0 0 0 20000 228578 205720

    2037 39 0 0 0 338000 0 0

    0 0 66202 0 0 758000 0 0
    You have to pay the premium for 12 yrs
    (from Age:24 - Age:35)

    If you take the payment mode as yly then you have to pay Rs.16822 for the first
    year,from 2nd year onwards Rs.16460

    Totally you will pay Rs.197882

    From Age:39-53 you will receive Rs.29755

    Natural Risk cover is as explained above

    Accidental Risk cover is as explained above

    If you close the policy you will receive the amount as shown in the above table
    under CashValue Column...For example
    if you close at Age-31, you will receive Rs.82034

    You can take the loan as shown in the above table under Loan Column...For
    example
    at Age-31, you can take a loan of Rs.73830

    Medical Report: For Proposers under NMS(Including NRIs/FNIOs of group V


    countries), And NMG(Professional) and NMG(Self-Employed) Criteria upto age
    60 LBD
    ----NMS & NMG(Professional)----

    For Proposers under NMG(SAP) and NMG(NSAP) for others


    ----NMS & NMG(Professional)----
    Disclaimer : The Benefits shown in this presentation are calculated based on the
    current bonus rates, Actual values may vary depends on the corporation profits and
    experience

    You might also like