JEEVAN

LABH
Plan No.836
By NvM
Endowment Plan

Limited Premium Paying

Term

Non-Linked

With Bonus & FAB

 3
Only Policy Terms
Options

Option -Term - Premium Paying

Term

1. 16yrs – 10yrs
2. 21yrs – 15yrs
3. 25yrs – 16yrs
Eligibility: Age at Entry

Minimum : 8yrs completed

Maximum: 59yrs Nbd for Policy

Term 16yrs
54yrs Nbd for Policy Term
21yrs
50yrs Nbd for Policy Term
25yrs
Sum Assured: (in multiples of
10,000)

Minimum : Rs.2,00,000/-

Maximum: No Limit
Maturity Benefits:

Basic Sum Assured

+ Bonus
+FAB
Death Benefits:

Sum Assured on Death

+ Bonus
+ FAB
Sum Assured on Death
=
Higher of

1. 10 times of Annualised
Premium
2. Basic Sum Assured
3. 105% of Total Premiums
paid
Accidental Death & Disability Benefit
Rider

Optional – Additional Premium

Available from 18yrs of Age
Cover Available up to Policy Term Or
Age 70 Nbd, Which Ever is Earlier
Can be Added at Any Time (O/S PPT
5yrs)
Maximum AB Cover 100 Lakhs
New Term Assurance Rider

Optional – Additional Premium

Available from 18yrs of Age
Cover Available up to Policy Term
Can be Added at Proposal Stage Only
Maximum TR Cover 25 Lakhs
Mode of Premium Payment

Yearly – 2% Rebate
Half Yearly – 1% Rebate
Quarterly - Nil
Monthly - Nil
(ECS/SSS)
High Sum Assured Rebate

2,00,000 to 4,90,000 – Nil

5,00,000 to 9,90,000 – 1.25%
10,00,000 to 14,90,00 – 1.50%
15,00,000 and Above - 1.75%

per Rs.1000 B.S.A

Other Features:
Proposal Form 300/340/360
Service Tax
Grace Period (30/15 days)
Paid Up Value
Surrender Value (GSV/SSV)
Revival within 2yrs from FUP
Loan After 3yrs
Suicide within 12 months 80% premiums
Free Look Period 15days from OP Receipt
Dating Back within Financial Year (JAAM)
 Example
Premium Calculation: 1
For Age 8yrs, 836/16/10, SA 2 Lakh, Yearly (No AB)

Tab Premium – 84.80

2% Rebate - 1.696
83.104
x 200 - 16620.80
+ 3.625% ST – 602.504
= 17223.304

Yearly Premium Rs.17223/-

Maturity Benefit:

Basic Sum Assured: 2,00,000

Bonus 42x200x16 : 1,34,400
FAB 25x200 : 5,000
Total Maturity : 3,39,400
Total Premium Paid in 10yrs

17223 x 10 = 172230

Total Maturity After 16yrs

= 3,39,400

I.R.R = 5.95%
Premium Calculation: Example
2
For Age 30yrs, 836/21/15, SA 2 Lakhs, Yearly

Tab Premium – 54.95

2% Rebate - 1.099
= 53.851
x 200 - 10770.20
+ AB@1.25x200 – 250
= 11020.20
ST @ 3.625% - 399.482
= 11419.68

Yearly Premium Rs.11420/-

Maturity Benefit:

Basic Sum Assured : 2,00,000

Bonus 48x200x21 : 2,01,600
FAB 100x200 : 20,000
Total Maturity : 4,21,600
Total Premium Paid in 15yrs

11420 x 15 = 1,71,300

Total Maturity After 21yrs

= 4,21,600

I.R.R = 6.38%
Premium Calculation: Example
3
For Age 30yrs, 836/25/16, SA 2 Lakhs, Yearly

Tab Premium – 46.60

2% Rebate - 0.932
45.668
x 200 - 9133.60
+ AB @1.30x200 – 260
= 9393.60
+ ST @ 3.625% - 340.518
= 9734.118

Yearly Premium Rs.9734/-

Maturity Benefit:

Basic Sum Assured : 2,00,000

Bonus 48x200x25 : 2,40,000
FAB 450x100 : 90,000
Total Maturity : 5,30,000
Total Premium Paid in 16yrs

9734 x 16 = 1,55,744

Total Maturity After 25yrs

= 5,30,000

I.R.R = 6.96%
Unique Selling Points:

Suitable for Education and Marriage

Short Term Commitment
Long Term Risk Cover
80C Tax Benefit (up to Rs.1.50 Lakhs)
Tax Free Maturity
Accident & Disability Cover up to 1
Crore
No Market Risk
IRR
IRR
Happy Selling
Special Thanks
To
Mr. Vinay Gupta
For
Ready Reckoner

NvM
Development Officer
City Branch – 8
Chennai Division –I
Voice: 98401 90360