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PSPR210116124918
PSPR210116124918
Advantages
* This policy not only makes provisions for the family of the Life Assured in
event of his early death but also assures a lump sum at a desired age.
* Premiums are usually payable for the selected term of years or until death if it
occurs during the term period.
* This Is the most popular form of life assurance since It not only makes provision for
the family of the Life Assured in the event of his early death, but also assures a lump sum
at any desired age.
Being an endowment assurance policy, this plan Is apt for people of all ages and social
groups who wish to protect their families from a financial setback that may occur owing
to their demise.
Presented by:
Jayesh shah
M.D.R.T.
b 1002 dhaivat society Kalpnagri,
near vaishali Nagar Mulund west,
Mumbai-400080
+91 9821056945, +91 9320056945
jayeshshah357@gmail.com
New Endowment - 914
LIC's New Endowment Plan is a participating non-linked plan which offers an
attractive combination of protection and savings. This combination provides financial
support for the family of the deceased policyholder any time before maturity and good
lump sum amount at the time of maturity for the surviving policyholders.
Table No. This plan also takes care of liquidity needs through its loan facility
914
Release Date
01/02/2020
Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional
Maturity Benefits Bonus,if any, shall be payable in lump sum on survival to the end of the
policy term provided all due premiums have been paid.
In case of death during the policy term provided all due premiums have been paid Death
benefit defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses
Death Benefits
and Final Additional bonus, if any, shall be payable.Where, 'Sum Assured on Death' is
defined as higher of Basic Sum Assured or 10 times of annualised premium. This death
benefit shall not be less than 105% of all the premiums paid as on date of death.
The Guaranteed Surrender Value during the policy term shall be a percentage of total
premiums paid (net of taxes) excluding extra premiums and premiums for riders opted for.
GSV & SSV Benefits
This percentage will depend on policy term and year in which the policy is surrendered.
Corporation may, however, pay Special Surrender Value as applicable as on the date
of surrender, provided the same is higher than Guaranteed Surrender Value.
Disclaimer : The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Plan Summary
Premium
First Year Premium Rs. 5,343
Rest Of Year Premium Rs. 5,228
Tax Saved
Total Term Premium Paid Rs. 1,04,675
Total Tax Saved Rs. 0
Returns
Total Amount Received Rs. 1,82,000
This Presentation is Specially
Jayesh shah
M.D.R.T. Prepared For:
Year Age Risk Cover Premium Tax Net Surrender Loan Maturity
Saved Premium Value Value Value
Normal Accidental
2041 39 0 0 0 0 0 0 0 1,82,000
Disclaimer : The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
This Presentation is Specially
Jayesh shah
M.D.R.T. Prepared For:
'*' : Assuming LIC will declare the above mentioned bonus rates for the year ended 31/03/2018.
'**' : Daily premium is for indicative purpose only. Formula used - (Yearly Premium/365).
'***' : Premiums indicated are inclusive of GST.
Medical Requirements
Medical Test : NIL
Disclaimer : The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.