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    Jlakshya - 2-8-2023 9.7.27

    Uploaded by

    Navin kumar
    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 40-year-old individual. The plan provides a sum assured of Rs. 500,000 over a policy term of 25 years with premiums payable until age 61. The total premium would be Rs. 594065. At age 65, the individual would receive a total return of Rs. 13,00,000. The plan also includes accidental and term rider benefits. Medical tests may be required depending on the proposer's criteria. Any actual payouts may vary depending on future bonus rates and company experience.

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    © All Rights Reserved
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    Jlakshya - 2-8-2023 9.7.27

    Uploaded by

    Navin kumar
    8 views9 pages
    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 40-year-old individual. The plan provides a sum assured of Rs. 500,000 over a policy term of 25 years with premiums payable until age 61. The total premium would be Rs. 594065. At age 65, the individual would receive a total return of Rs. 13,00,000. The plan also includes accidental and term rider benefits. Medical tests may be required depending on the proposer's criteria. Any actual payouts may vary depending on future bonus rates and company experience.

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    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 40-year-old individual. The plan provides a sum assured of Rs. 500,000 over a policy term of 25 years with premiums payable until age 61. The total premium would be Rs. 594065. At age 65, the individual would receive a total return of Rs. 13,00,000. The plan also includes accidental and term rider benefits. Medical tests may be required depending on the proposer's criteria. Any actual payouts may vary depending on future bonus rates and company experience.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views9 pages

    Jlakshya - 2-8-2023 9.7.27

    Uploaded by

    Navin kumar
    This document summarizes a proposed 933-Jeevan Lakshya life insurance plan for a 40-year-old individual. The plan provides a sum assured of Rs. 500,000 over a policy term of 25 years with premiums payable until age 61. The total premium would be Rs. 594065. At age 65, the individual would receive a total return of Rs. 13,00,000. The plan also includes accidental and term rider benefits. Medical tests may be required depending on the proposer's criteria. Any actual payouts may vary depending on future bonus rates and company experience.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 9

    933-Jeevan Lakshya

    Prepared By

    Sanjeev kumar Gupta


    Lic
    Ph: 9826236020, 7489479454
    [email protected]
    This is proposed to

    Proposer Details
    Name
    Age 40
    Plan Name 933-Jeevan Lakshya
    Sum Assured 500000
    Policy Term 25
    PPT 22
    DAB Rider 0
    AD & DB Rider 500000
    Term Rider 500000
    CIR SA 0
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    27569 13931 7038 2346
    26382+1187 13331+600 6735+303 2245+101

    2nd year onwards


    YLY HLY QLY MLY
    26976 13631 6887 2296
    26382+594 13331+300 6735+152 2245+51

    Total Premium Rs.594065


    Total Returns Rs.1300000

    Save Rs.74 per day for 22 yrs, and get a bulk


    amount of Rs.1300000 at Age:65
    Year Age Premium Natural Accidental Returns CashValue Loan

    2023 40 27569 500000 1000000 0 0 0

    2024 41 26976 500000 1000000 0 15829 12663

    2025 42 26976 500000 1000000 0 34286 27428

    2026 43 26976 500000 1000000 0 66950 53560

    2027 44 26976 500000 1000000 0 83837 67069

    2028 45 26976 500000 1000000 0 100839 80671

    2029 46 26976 500000 1000000 0 117984 94387

    2030 47 26976 500000 1000000 0 139087 111269

    2031 48 26976 500000 1000000 0 161421 129136

    2032 49 26976 500000 1000000 0 185036 148028

    2033 50 26976 500000 1000000 0 210067 168053

    2034 51 26976 500000 1000000 0 234736 187788

    2035 52 26976 500000 1000000 0 260607 208485

    2036 53 26976 500000 1000000 0 287767 230213

    2037 54 26976 500000 1000000 0 318211 254568

    2038 55 26976 500000 1000000 0 348862 279089

    2039 56 26976 500000 1000000 0 381278 305022

    2040 57 26976 500000 1000000 0 415610 332488

    2041 58 26976 500000 1000000 0 453125 362500

    2042 59 26976 500000 1000000 0 493713 394970

    2043 60 26976 500000 1000000 0 538527 430821

    2044 61 26976 500000 1000000 0 589378 471502

    2045 62 0 500000 1000000 0 651724 521379

    2046 63 0 500000 1000000 0 724638 579710

    2047 64 0 500000 1000000 0 767644 614115

    2048 65 0 0 0 1300000 0 0
    0 0 594065 0 0 1300000 0 0
    Lets claculate the Risk cover at Age 44
    Natural Risk Cover:

    10% of the Sum Assured is given every year from


    Age:44-Age:64
    50000*21=Rs.1050000

    On maturity 110% of Sum Assured along with bonus is


    given
    Rs.1350000

    1050000+1350000+500000 = Rs.2900000

    Accidental Risk Cover:

    Double Accidental Benefit is given immediatelly at


    Age:44 (Rs.500000)

    10% of the Sum Assured is given every year from


    Age:44-Age:64
    50000*21=Rs.1050000

    On maturity 110% of Sum Assured along with bonus is


    given
    Rs.1350000

    500000+1050000+1350000+500000 = Rs.3400000

    Term Rider SA Rs.500000 is given immediately


    Accidental Risk Cover at Age:44

    Year Age Premium Natural Accidental Returns CashValue Loan

    2023 40 27569 500000 1000000 0 0 0

    2024 41 26976 500000 1000000 0 15829 12663

    2025 42 26976 500000 1000000 0 34286 27428

    2026 43 26976 500000 1000000 0 66950 53560

    2027 44 0 0 0 1050000 83837 67069

    2028 45 0 0 0 50000 100839 80671

    2029 46 0 0 0 50000 117984 94387

    2030 47 0 0 0 50000 139087 111269

    2031 48 0 0 0 50000 161421 129136

    2032 49 0 0 0 50000 185036 148028

    2033 50 0 0 0 50000 210067 168053

    2034 51 0 0 0 50000 234736 187788

    2035 52 0 0 0 50000 260607 208485

    2036 53 0 0 0 50000 287767 230213

    2037 54 0 0 0 50000 318211 254568

    2038 55 0 0 0 50000 348862 279089

    2039 56 0 0 0 50000 381278 305022

    2040 57 0 0 0 50000 415610 332488

    2041 58 0 0 0 50000 453125 362500

    2042 59 0 0 0 50000 493713 394970

    2043 60 0 0 0 50000 538527 430821

    2044 61 0 0 0 50000 589378 471502

    2045 62 0 0 0 50000 651724 521379

    2046 63 0 0 0 50000 724638 579710


    2047 64 0 0 0 50000 767644 614115

    2048 65 0 0 0 1350000 0 0

    0 0 108497 0 0 3400000 0 0
    You have to pay the premium for 22 yrs
    (from Age:40 - Age:61)

    If you take the payment mode as yly then you have to pay Rs.27569 for the first
    year,from 2nd year onwards Rs.26976

    Totally you will pay Rs.594065

    At Age:65 you will receive Rs.1300000

    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-47, you will receive Rs.139087

    You can take the loan as shown in the above table under Loan Column...For
    example
    at Age-47, you can take a loan of Rs.111269

    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

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