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    NewEndowment - 27-3-2023 2.58.1

    Uploaded by

    Jyoti Sarkar
    This document summarizes a proposed 15-year endowment insurance plan with a sum assured of Rs. 665000. The proposer would pay a total premium of Rs. 695294 over 15 years from age 30 to 44. At age 45, the proposer would receive Rs. 1027425. In the event of natural death, the nominee would receive between Rs. 688275 and Rs. 1027425 depending on the proposer's age. In the event of accidental death, the payout would be between Rs. 1353275 to Rs. 1692425. The policy also allows for cash withdrawals and loans during the term. Medical reports are required depending on the proposer's criteria. Actual returns may vary

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    NewEndowment - 27-3-2023 2.58.1

    Uploaded by

    Jyoti Sarkar
    30 views6 pages
    This document summarizes a proposed 15-year endowment insurance plan with a sum assured of Rs. 665000. The proposer would pay a total premium of Rs. 695294 over 15 years from age 30 to 44. At age 45, the proposer would receive Rs. 1027425. In the event of natural death, the nominee would receive between Rs. 688275 and Rs. 1027425 depending on the proposer's age. In the event of accidental death, the payout would be between Rs. 1353275 to Rs. 1692425. The policy also allows for cash withdrawals and loans during the term. Medical reports are required depending on the proposer's criteria. Actual returns may vary

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    _NewEndowment_27-3-2023 2.58.1 (3)

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    This document summarizes a proposed 15-year endowment insurance plan with a sum assured of Rs. 665000. The proposer would pay a total premium of Rs. 695294 over 15 years from age 30 to 44. At age 45, the proposer would receive Rs. 1027425. In the event of natural death, the nominee would receive between Rs. 688275 and Rs. 1027425 depending on the proposer's age. In the event of accidental death, the payout would be between Rs. 1353275 to Rs. 1692425. The policy also allows for cash withdrawals and loans during the term. Medical reports are required depending on the proposer's criteria. Actual returns may vary

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views6 pages

    NewEndowment - 27-3-2023 2.58.1

    Uploaded by

    Jyoti Sarkar
    This document summarizes a proposed 15-year endowment insurance plan with a sum assured of Rs. 665000. The proposer would pay a total premium of Rs. 695294 over 15 years from age 30 to 44. At age 45, the proposer would receive Rs. 1027425. In the event of natural death, the nominee would receive between Rs. 688275 and Rs. 1027425 depending on the proposer's age. In the event of accidental death, the payout would be between Rs. 1353275 to Rs. 1692425. The policy also allows for cash withdrawals and loans during the term. Medical reports are required depending on the proposer's criteria. Actual returns may vary

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    914-New Endowment

    .
    .

    Prepared By

    Ganesh Mondal
    ZM Club Member in LIC
    Ph: 7678544225, 7678544225
    [email protected]
    This is proposed to

    Proposer Details
    Name
    Age 30
    Plan Name 914-New Endowment
    Sum Assured 665000
    Policy Term 15
    PPT 15
    DAB Rider 0
    AD & DB Rider 665000
    Term Rider 0
    CIR SA 0
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    47304 23900 12074 4024
    45267+2037 22871+1029 11554+520 3851+173

    2nd year onwards


    YLY HLY QLY MLY
    46285 23386 11814 3938
    45267+1018 22871+515 11554+260 3851+87

    Total Premium Rs.695294


    Total Returns Rs.1027425

    Save Rs.127 per day for 15 yrs, and get a


    bulk amount of Rs.1027425 at Age:45
    Year Age Premium Natural Accidental Returns CashValue Loan

    2023 30 47304 688275 1353275 0 0 0

    2024 31 46285 711550 1376550 0 27159 24443

    2025 32 46285 734825 1399825 0 53070 47763

    2026 33 46285 758100 1423100 0 107151 96435

    2027 34 46285 781375 1446375 0 134299 120869

    2028 35 46285 804650 1469650 0 161773 145595

    2029 36 46285 827925 1492925 0 189681 170712

    2030 37 46285 851200 1516200 0 233710 210339

    2031 38 46285 874475 1539475 0 282288 254059

    2032 39 46285 897750 1562750 0 335726 302153

    2033 40 46285 921025 1586025 0 394169 354752

    2034 41 46285 944300 1609300 0 457970 412173

    2035 42 46285 967575 1632575 0 527402 474661

    2036 43 46285 990850 1655850 0 604740 544266

    2037 44 46285 1027425 1692425 0 651925 586732

    2038 45 0 0 0 1027425 0 0

    0 0 695294 0 0 1027425 0 0
    You have to pay the premium for 15 yrs
    (from Age:30 - Age:44)

    If you take the payment mode as yly then you have to pay Rs.47304 for the first
    year,from 2nd year onwards Rs.46285

    Totally you will pay Rs.695294

    At Age-45 you will receive Rs.1027425

    Natural Risk Cover is Rs.688275-Rs.1027425 as shown in the above


    table......For example
    In case of Natural Death at Age-35, Nominee will receive Rs.804650

    Accidental Risk Cover is Rs.1353275-Rs.1692425 as shown in the above


    table......For example
    In case of Accidental Death at Age-35, Nominee will receive Rs.1469650

    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-37, you will receive Rs.233710

    You can take the loan as shown in the above table under Loan Column.....For
    example
    at Age-37, you can take a loan of Rs.210339

    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


    ----NMS & NMG(Professional)----
    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

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