Scribd
Upload
2 views7 pages

MrHenry Joseph - Jlakshya - 29-4-2025 04140 - 250429 - 124148

The document outlines the details of the 733-Jeevan Lakshya insurance plan proposed for Mr. Henry Joseph, age 34, with a sum assured of Rs. 500,000 and a policy term of 18 years. The first-year premium is Rs. 36,035, with total premiums amounting to Rs. 529,661, and a maturity benefit of Rs. 1,264,500 at age 52. Additionally, it includes information on risk cover, accidental benefits, and potential cash values at various ages if the policy is closed early.

Uploaded by

henryjoseph2727
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
2 views7 pages

MrHenry Joseph - Jlakshya - 29-4-2025 04140 - 250429 - 124148

The document outlines the details of the 733-Jeevan Lakshya insurance plan proposed for Mr. Henry Joseph, age 34, with a sum assured of Rs. 500,000 and a policy term of 18 years. The first-year premium is Rs. 36,035, with total premiums amounting to Rs. 529,661, and a maturity benefit of Rs. 1,264,500 at age 52. Additionally, it includes information on risk cover, accidental benefits, and potential cash values at various ages if the policy is closed early.

Uploaded by

henryjoseph2727
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

733-Jeevan Lakshya

Prepared By

SURESH.A
agent
Ph: 9171949415, 9884686002
[email protected]
This is proposed to

Proposer Details
Name Mr.Henry joseph
Age 34
Plan Name 733-Jeevan Lakshya
Sum Assured 500000
Policy Term 18
PPT 15
AB Rider 0
AD & DB Rider 500000
Term Rider 500000
CIR SA 0
PWB Rider -

First Year Premium


YLY HLY QLY MLY
36035 18209 9200 3067
34483+1552 17425+784 8804+396 2935+132

2nd year onwards


YLY HLY QLY MLY
35259 17817 9002 3001
34483+776 17425+392 8804+198 2935+66

Total Premium Rs.529661


Total Returns Rs.1264500

Save Rs.97 per day for 15 yrs, and get a bulk


amount of Rs.1264500 at Age:52
Year Age Premium Natural Accidental Returns CashValue Loan

2025 34 36035 2714500 3214500 0 0 0

2026 35 35259 2664500 3164500 0 20689 18620

2027 36 35259 2614500 3114500 0 52236 47012

2028 37 35259 2564500 3064500 0 98148 88333

2029 38 35259 2514500 3014500 0 122686 110417

2030 39 35259 2464500 2964500 0 147422 132679

2031 40 35259 2414500 2914500 0 172545 155290

2032 41 35259 2364500 2864500 0 206499 185849

2033 42 35259 2314500 2814500 0 243266 218939

2034 43 35259 2264500 2764500 0 283047 254742

2035 44 35259 2214500 2714500 0 326155 293539

2036 45 35259 2164500 2664500 0 372801 335520

2037 46 35259 2114500 2614500 0 423467 381120

2038 47 35259 2064500 2564500 0 478600 430740

2039 48 35259 2014500 2514500 0 541204 487083

2040 49 0 1964500 2464500 0 607893 547103

2041 50 0 1914500 2414500 0 685121 616608

2042 51 0 1864500 2364500 0 725908 653317

2043 52 0 0 0 1264500 0 0

0 0 529661 0 0 1264500 0 0
Lets claculate the Risk cover at Age 38
Natural Risk Cover:

10% of the Sum Assured is given every year from


Age:38-Age:51
50000*14=Rs.700000

On maturity 110% of Sum Assured along with bonus is


given
Rs.1314500

700000+1314500+500000 = Rs.2514500

Accidental Risk Cover:

Double Accidental Benefit is given immediatelly at


Age:38 (Rs.500000)

10% of the Sum Assured is given every year from


Age:38-Age:51
50000*14=Rs.700000

On maturity 110% of Sum Assured along with bonus is


given
Rs.1314500

500000+700000+1314500+500000 = Rs.3014500

Term Rider SA Rs.500000 is given immediately


Accidental Risk Cover at Age:38

Year Age Premium Natural Accidental Returns CashValue Loan

2025 34 36035 500000 1000000 0 0 0

2026 35 35259 500000 1000000 0 20689 18620

2027 36 35259 500000 1000000 0 52236 47012

2028 37 35259 500000 1000000 0 98148 88333

2029 38 0 0 0 1050000 122686 110417

2030 39 0 0 0 50000 147422 132679

2031 40 0 0 0 50000 172545 155290

2032 41 0 0 0 50000 206499 185849

2033 42 0 0 0 50000 243266 218939

2034 43 0 0 0 50000 283047 254742

2035 44 0 0 0 50000 326155 293539

2036 45 0 0 0 50000 372801 335520

2037 46 0 0 0 50000 423467 381120

2038 47 0 0 0 50000 478600 430740

2039 48 0 0 0 50000 541204 487083

2040 49 0 0 0 50000 607893 547103

2041 50 0 0 0 50000 685121 616608

2042 51 0 0 0 50000 725908 653317

2043 52 0 0 0 1314500 0 0

0 0 141812 0 0 3014500 0 0
You have to pay the premium for 15 yrs
(from Age:34 - Age:48)

If you take the payment mode as yly then you have to pay Rs.36035 for the first
year,from 2nd year onwards Rs.35259

Totally you will pay Rs.529661

At Age:52 you will receive Rs.1264500

Natural Risk cover is as explained above

Accidental Risk cover is as explained above

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-41, you will receive Rs.206499

You can take the loan as shown in the above table under Loan Column...For
example
at Age-41, you can take a loan of Rs.185849

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


----MER----
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

You might also like