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  • Lumpsum 1515 - Assured - Income

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    abhishekshriramlife23
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    1) This document provides an illustration of benefits for a life insurance policy taken out by Abhishek Pandey, with a sum assured of Rs. 423,000 over a 15 year term. 2) The annual premium is Rs. 28,200 to be paid yearly. The death benefit is guaranteed to be Rs. 562,590 for the entire policy term. 3) The minimum guaranteed surrender value increases each year, starting from Rs. 16,920 in year 2 up to Rs. 523,209 in year 15. At the end of the 15 year term, a maturity benefit of Rs. 562,590 will be paid as a lump sum.

    Original Description:

    SRIRAM PLAN

    Original Title

    lumpsum 1515_Assured_Income_

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    1) This document provides an illustration of benefits for a life insurance policy taken out by Abhishek Pandey, with a sum assured of Rs. 423,000 over a 15 year term. 2) The annual premium is Rs. 28,200 to be paid yearly. The death benefit is guaranteed to be Rs. 562,590 for the entire policy term. 3) The minimum guaranteed surrender value increases each year, starting from Rs. 16,920 in year 2 up to Rs. 523,209 in year 15. At the end of the 15 year term, a maturity benefit of Rs. 562,590 will be paid as a lump sum.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    14 views1 page

    Lumpsum 1515 - Assured - Income

    Uploaded by

    abhishekshriramlife23
    1) This document provides an illustration of benefits for a life insurance policy taken out by Abhishek Pandey, with a sum assured of Rs. 423,000 over a 15 year term. 2) The annual premium is Rs. 28,200 to be paid yearly. The death benefit is guaranteed to be Rs. 562,590 for the entire policy term. 3) The minimum guaranteed surrender value increases each year, starting from Rs. 16,920 in year 2 up to Rs. 523,209 in year 15. At the end of the 15 year term, a maturity benefit of Rs. 562,590 will be paid as a lump sum.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Name: ABHISHEK PANDEY Sum Assured: 423000.

    00
    DateOf Birth: 10/03/1980 Policy Term: 15
    Age in(yrs): 43 PPT: 15

    Gender: Male Mode: Yearly

    Benefit Illustration for SHRIRAM LIFE ASSURED INCOME PLAN V04 POS
    128N053V04
    (This Benefit Illustration forms part of the Policy Document)

    Guaranteed Non Guaranteed


    Policy Total Annualized Survival Benefits / Other Benefits Maturity Benefit Death Benefit Min Guaranteed Special Surrender Value
    Year Premium paid till Loyalty Additions if any Surrender Value
    date
    1 28200 0.00 0 0 562590 0 0

    2 28200 0.00 0 0 562590 16920 11252

    3 28200 0.00 0 0 562590 29610 20928

    4 28200 0.00 0 0 562590 56400 33905

    5 28200 0.00 0 0 562590 77550 50633

    6 28200 0.00 0 0 562590 101520 71561

    7 28200 0.00 0 0 562590 128310 97141

    8 28200 0.00 0 0 562590 157920 127820

    9 28200 0.00 0 0 562590 192888 164051

    10 28200 0.00 0 0 562590 231240 206283

    11 28200 0.00 0 0 562590 272976 254966

    12 28200 0.00 0 0 562590 318096 310550

    13 28200 0.00 0 0 562590 366600 373485

    14 28200 0.00 0 0 562590 418488 444221

    15 28200 0.00 0 0 562590 473760 523209

    16 0 0.00 0 562590 0 0 0

    Disclosures:
    (1) This is only an illustration and does not in any way create any rights and/or obligations.
    (2) This illustration is applicable to a healthy individual acceptance of the proposal is subject to underwriting.Premiums relating to riders and non-
    standard risks are excluded from the above.
    (3) The above amounts assume that all premiums have been paid on due date.
    (4) The surrender value payable will be the maximum of GSV and SSV.
    (5) Please contact nearest branch office for latest surrender values payable on your policy.

    Policy Details
    Death Benefit Pay-Out Option Lumpsum Sum Assured Rs. 423000.00
    Maturity Benefit Pay-Out Option Lumpsum Sum Assured on Death (at inception of the policy) Rs. 562590
    Premium Summary
    Base Plan Riders Total Instalment Premium
    Instalment Premium without GST 28200 0 28200
    Instalment Premium with First Year GST 29469 29469
    Instalment Premium with GST 2nd Year Onwards 28835 28835
    Notes:
    1) Annualized premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders,
    if any Goods & Service Tax.

    IRDAI Regn No:128


    I, .........................................., have explained the premiums, and benefits I, ........................................
    under the product fully to the prospect / Policyholder. having received the information with respect to the above, have
    understood the above statement before entering into the contract

    Date: Signature of Agent / Intermediary / Date : Signature of the Prospect/


    Official /Specified Person Policy holder's signature
    Place:

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