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  • AadharShila - 21-3-2023 9.15.42

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    Gursimran Singh
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    This document summarizes a proposed life insurance plan called 944-AadharShila for a 25-year-old proposer. The plan provides a sum assured of Rs. 200,000 with a policy term and premium payment term of 20 years. The annual premium for the first year would be Rs. 8,133 if paid yearly or Rs. 4,067 if paid half-yearly. Premiums would increase slightly each subsequent year. At age 45, after paying premiums for 20 years, the proposer would receive a total return amount of Rs. 2,65,000. The document also includes tables showing policy details like natural death and accidental death benefits, cash values, and loan amounts over the 20

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    This document summarizes a proposed life insurance plan called 944-AadharShila for a 25-year-old proposer. The plan provides a sum assured of Rs. 200,000 with a policy term and premium payment term of 20 years. The annual premium for the first year would be Rs. 8,133 if paid yearly or Rs. 4,067 if paid half-yearly. Premiums would increase slightly each subsequent year. At age 45, after paying premiums for 20 years, the proposer would receive a total return amount of Rs. 2,65,000. The document also includes tables showing policy details like natural death and accidental death benefits, cash values, and loan amounts over the 20

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    13 views5 pages

    AadharShila - 21-3-2023 9.15.42

    Uploaded by

    Gursimran Singh
    This document summarizes a proposed life insurance plan called 944-AadharShila for a 25-year-old proposer. The plan provides a sum assured of Rs. 200,000 with a policy term and premium payment term of 20 years. The annual premium for the first year would be Rs. 8,133 if paid yearly or Rs. 4,067 if paid half-yearly. Premiums would increase slightly each subsequent year. At age 45, after paying premiums for 20 years, the proposer would receive a total return amount of Rs. 2,65,000. The document also includes tables showing policy details like natural death and accidental death benefits, cash values, and loan amounts over the 20

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 5

    944-AadharShila

    Prepared By

    Ph:
    This is proposed to

    Proposer Details
    Name
    Age 25
    Plan Name 944-AadharShila
    Sum Assured 200000
    Policy Term 20
    PPT 20
    DAB Rider 200000
    AD & DB Rider 0
    Term Rider 0
    CIR SA 0
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    8133 4067 2034 678
    7783+350 3892+175 1946+88 649+29

    2nd year onwards


    YLY HLY QLY MLY
    7958 3980 1990 664
    7783+175 3892+88 1946+44 649+15

    Total Premium Rs.159335


    Total Returns Rs.265000

    Save Rs.22 per day for 20 yrs, and get a bulk


    amount of Rs.265000 at Age:45
    Year Age Premium Natural Accidental Returns CashValue Loan

    2023 25 8133 220000 420000 0 0 0

    2024 26 7958 220000 420000 0 4669 4202

    2025 27 7958 220000 420000 0 7004 6303

    2026 28 7958 220000 420000 0 15566 14009

    2027 29 7958 220000 420000 0 19457 17511

    2028 30 7958 222000 422000 0 23700 21330

    2029 31 7958 224000 424000 0 27943 25148

    2030 32 7958 230000 430000 0 34454 31008

    2031 33 7958 236000 436000 0 41381 37242

    2032 34 7958 240000 440000 0 48384 43545

    2033 35 7958 244000 444000 0 55831 50247

    2034 36 7958 248000 448000 0 63742 57367

    2035 37 7958 252000 452000 0 72143 64928

    2036 38 7958 256000 456000 0 81055 72949

    2037 39 7958 260000 460000 0 90517 81465

    2038 40 7958 265000 465000 0 100803 90722

    2039 41 7958 270000 470000 0 111758 100582

    2040 42 7958 275000 475000 0 123455 111109

    2041 43 7958 280000 480000 0 136301 122670

    2042 44 7958 285000 485000 0 144028 129625

    2043 45 0 0 0 265000 0 0

    0 0 159335 0 0 265000 0 0
    You have to pay the premium for 20 yrs
    (from Age:25 - Age:44)

    If you take the payment mode as yly then you have to pay Rs.8133 for the first
    year,from 2nd year onwards Rs.7958

    Totally you will pay Rs.159335

    At Age-45 you will receive Rs.265000

    Natural Risk Cover is Rs.220000-Rs.285000 as shown in the above


    table......For example
    In case of Natural Death at Age-30, Nominee will receive Rs.222000

    Accidental Risk Cover is Rs.420000-Rs.485000 as shown in the above


    table......For example
    In case of Accidental Death at Age-30, Nominee will receive Rs.422000

    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-32, you will receive Rs.34454

    You can take the loan as shown in the above table under Loan Column.....For
    example
    at Age-32, you can take a loan of Rs.31008

    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


    ----NMG & NMG(NSAP)----
    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

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