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    Chidrenplan - 2-2-2024 5.17.47

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    KanVish kv
    This document provides details about a proposed 932-Childrens Money Back insurance plan for a child aged 10. It outlines the premiums, sum assured, policy term, benefits payable on death or maturity, cash values, and loans available. The total premium is Rs. 121332 paid over 15 years, and the total returns would be Rs. 153500 paid out at various ages between 18-25 years.

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    Chidrenplan - 2-2-2024 5.17.47

    Uploaded by

    KanVish kv
    12 views5 pages
    This document provides details about a proposed 932-Childrens Money Back insurance plan for a child aged 10. It outlines the premiums, sum assured, policy term, benefits payable on death or maturity, cash values, and loans available. The total premium is Rs. 121332 paid over 15 years, and the total returns would be Rs. 153500 paid out at various ages between 18-25 years.

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    _chidrenPlan_2-2-2024 5.17.47

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    This document provides details about a proposed 932-Childrens Money Back insurance plan for a child aged 10. It outlines the premiums, sum assured, policy term, benefits payable on death or maturity, cash values, and loans available. The total premium is Rs. 121332 paid over 15 years, and the total returns would be Rs. 153500 paid out at various ages between 18-25 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views5 pages

    Chidrenplan - 2-2-2024 5.17.47

    Uploaded by

    KanVish kv
    This document provides details about a proposed 932-Childrens Money Back insurance plan for a child aged 10. It outlines the premiums, sum assured, policy term, benefits payable on death or maturity, cash values, and loans available. The total premium is Rs. 121332 paid over 15 years, and the total returns would be Rs. 153500 paid out at various ages between 18-25 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    932-Childrens Money Back

    Prepared By

    Ph: 8887837354, 8887837354


    This is proposed to

    Proposer Details
    Child Name
    Child Age 10
    Plan Name 932-Childrens Money Back
    Sum Assured 100000
    Policy Term 15
    PPT 15
    Proposer Age -
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    8254 4170 2106 702
    7899+355 3990+180 2015+91 672+30

    2nd year onwards


    YLY HLY QLY MLY
    8077 4080 2060 687
    7899+178 3990+90 2015+45 672+15

    Total Premium Rs.121332


    Total Returns Rs.153500

    Save Rs.22 per day for 15 yrs and get an


    amount of Rs.153500 during the term
    Year Age Premium Natural Accidental Returns CashValue Loan

    2024 10 8254 103500 103500 0 0 0

    2025 11 8077 107000 107000 0 4739 4265

    2026 12 8077 110500 110500 0 8962 8065

    2027 13 8077 114000 114000 0 18296 16466

    2028 14 8077 117500 117500 0 22925 20632

    2029 15 8077 121000 121000 0 27602 24841

    2030 16 8077 124500 124500 0 32344 29109

    2031 17 8077 128000 128000 0 39886 35897

    2032 18 8077 131500 131500 20000 48203 43382

    2033 19 8077 135000 135000 0 57347 51612

    2034 20 8077 138500 138500 20000 67336 60602

    2035 21 8077 142000 142000 0 78226 70403

    2036 22 8077 145500 145500 20000 90054 81048

    2037 23 8077 149000 149000 0 103166 92849

    2038 24 8077 153500 153500 0 110835 99751

    2039 25 0 0 0 93500 0 0

    0 0 121332 0 0 153500 0 0
    You have to pay the premium for 15 yrs
    (from Age:10 - Age:24)

    If you take the payment mode as yly then you have to pay Rs.8254 for the first
    year,from 2nd year onwards Rs.8077

    Totally you will pay Rs.121332

    You will receive the returns as follows:


    At Child Age:18 - Rs.20000
    At Child Age:20 - Rs.20000
    At Child Age:22 - Rs.20000
    At Child Age:25 - Rs.93500

    Natural Risk Cover is Rs.103500-Rs.153500 as shown in the above


    table......For example
    In case of Natural Death at Age-15, Nominee will receive Rs.121000

    Accidental Risk Cover is Rs.103500-Rs.153500 as shown in the above


    table......For example
    In case of Accidental Death at Age-15, Nominee will receive Rs.121000

    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-17, you will receive Rs.39886

    You can take the loan as shown in the above table under Loan Column.....For
    example
    at Age-17, you can take a loan of Rs.35897
    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
    --------

    For Proposers under NMG(SAP) and NMG(NSAP) for others


    --------

    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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