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Jeevan Tarun (934) : Sri. Haarika

This document provides an illustration of a life insurance plan for Sri. HAARIKA who is 1 year old. The plan has a sum assured of Rs. 390000 and requires premium payments of Rs. 17570 annually for 19 years. At age 25, the maturity benefit would be approximately Rs. 900900, which includes the sum assured, accrued bonuses over the policy term, and a final addition bonus. The document outlines the annual premiums, coverage amounts, projected policy values, and benefits over the term of the policy.

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0% found this document useful (0 votes)
171 views5 pages

Jeevan Tarun (934) : Sri. Haarika

This document provides an illustration of a life insurance plan for Sri. HAARIKA who is 1 year old. The plan has a sum assured of Rs. 390000 and requires premium payments of Rs. 17570 annually for 19 years. At age 25, the maturity benefit would be approximately Rs. 900900, which includes the sum assured, accrued bonuses over the policy term, and a final addition bonus. The document outlines the annual premiums, coverage amounts, projected policy values, and benefits over the term of the policy.

Uploaded by

servas123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Jeevan Tarun(934)

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Sri. HAARIKA.
Age : 1 years. Sum Assured : 390000
Premium paying period : 19 years
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First Year Premium


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Mode Basic Premium GST @ 4.5% Total Premium
Yearly 17183 773 17956
Half Yearly 8683 391 9074
Quarterly 4388 197 4585
Monthly 1463 66 1529
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Subsequent Year Premiums


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Mode Basic Premium GST @ 2.25% Total Premium
Yearly 17183 387 17570
Half Yearly 8683 195 8878
Quarterly 4388 99 4487
Monthly 1463 33 1496
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Benefit Pattern Illustration
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Rs.17956

Rs.900900

Age 1 20 21 22 23 24 Age 25

Rs.0

Total Premium Total Tax Saved


Paid Returns (30 % Slab)
334216 900900 103816
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Maturity Benefit
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Benefits Amount
20th Age: (0" % of Sum Assured") 0
21st Age: (0" % of Sum Assured") 0
22nd Age: (0" % of Sum Assured") 0
23rd Age: (0" % of Sum Assured") 0
24th Age: (0" % of Sum Assured") 0
Bonus* 421200
Final Addition Bonus* 89700
Approximate Return at 25th Age:
(100% of Sum Assured + 900900
Accrued Bonus + FAB)
Total Premium Paid 334216
Tax benefit Amount
Tax benefit on premium (@30 % Slab) 5464
Total tax benefit in 19 years. 103816
Nett premium paid 230400
*Bonus rates and Final Addition Bonus(FAB) rates as per the latest declared rates.
How the plan works...

Parent of Sri. HAARIKA pays an annual premium of Rs.17570 for 19 years.

Survival Benefit of Rs. 0shall be


paid on 20,21,22,23 and 24 ages of Sri. HAARIKA.

Expected Maturity amount as per the current bonus rates on 25th age shall be
Rs. 900900.

Normal Insurance coverage (sum assured + accrued bonus) for life assured
is available during the term of the policy.

Loan and surrender facility is available after two years and at least two
full-year premium payment.

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Benefit and Coverage Table
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Age Yearly Normal Accident Loan Cash Returns
Premium Coverage Coverage Value
1 17956 0 0 0 0 0
2 17570 0 0 0 0 0
3 17570 540150 540150 20385 22651 0
4 17570 557700 557700 29209 32455 0
5 17570 575250 575250 39254 43616 0
6 17570 592800 592800 50641 56268 0
7 17570 610350 610350 63519 70577 0
8 17570 627900 627900 78048 86721 0
9 17570 645450 645450 94405 104895 0
10 17570 663000 663000 112811 125346 0
11 17570 680550 680550 133515 148351 0
12 17570 698100 698100 156674 174083 0
13 17570 715650 715650 182561 202846 0
14 17570 733200 733200 211524 235027 0
15 17570 754650 754650 243801 270891 0
16 17570 774150 774150 275517 306131 0
17 17570 793650 793650 311087 345653 0
18 17570 813150 813150 351285 390317 0
19 17570 832650 832650 396845 440939 0
20 0 854100 854100 436748 485276 0
21 0 875550 875550 486006 540007 0
22 0 904800 904800 540696 600774 0
23 0 949650 949650 601708 668565 0
24 0 998400 998400 669770 744189 0
25 0 0 0 0 0 900900
Total Premium 334216 Total Returns 900900
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- CLICK HERE TO READ MORE ABOUT THE PLAN -
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Disclaimer
Premium shown in the app is indicative and not exact. Actual premium can vary according to underwriting rules applicable. Maturity
calculations shown in the app are based on the current bonus rates and can vary based on the actual experiances of the
corporation. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a
sale.
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Plan presentation prepared by:


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RAJARAJANS J
Insurance Advisor
Chennai, 600062
E-Mail : [email protected]
Mobile : 8807626704
Presentation Created Using: SMART - ALL IN ONE CALCULATOR

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