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    Report Mr. VV 920 20 15 Age 31 SA 305000

    Uploaded by

    arvind

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Report Mr. VV 920 20 15 Age 31 SA 305000

    Uploaded by

    arvind
    41 views5 pages

    Original Title

    Report_Mr._vv_920_20_15_Age_31_SA_305000

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    © © All Rights Reserved

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    41 views5 pages

    Report Mr. VV 920 20 15 Age 31 SA 305000

    Uploaded by

    arvind

    Copyright:

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

    Money Back(20 Year)

    ( Plan No: 920)


    Test Message
    Plan presentation customised for...

    Mr. vv
    Age: 31

    Test Message

    Sum Assured : 305000 AD and DB Rider Cover : 305000 #1

    Term : 20 years.

    Premium payment : 15 years.

    LIC's Money Back(20 Year) is a limited payment money back plan with money
    backs (at fixed rates) on completion of every 5 th year of the policy. Balance sum
    assured and accrued bonus shall be paid as maturity benefit on completion of the
    term.

    The plan offers insurance coverage of Rs.3,05,000 and accident death and
    disability benefit of Rs. 3,05,000. In case of a permanent disability due to accident,
    disability benefit of Rs. 2542 shall be paid per month, till the end of the term or ten
    years(whichever is earlier).

    The plan also offers a tax benefit of Rs.7,460 per annum on the premium paid. The
    maturity/survival benefit shall be taxfree u/s 10(10D) of income tax act.
    Test Message

    #1 Accidental Death and Disability Benefit rider


    How the plan works...

    Mr. vv pays an annual premium of Rs.24515 for 15 years.

    Three Survival benefits of Rs. 61000 is paid on completion of


    every five years from the start of the policy.

    Expected Maturity amount as per the current bonus rates comes to


    around Rs. 353800.

    Normal Insurance coverage and accidental insurance coverage 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.

    Income tax rebate available on premium u/s 80C and the


    maturity/survival benefit shall be tax free under section 10(10D)
    Benefit Pattern Illustration

    Test Message

    (392230 to 353800)

    Rs.353800

    Rs.24515

    Age: 31 Age: 36 Age: 41 Age 46 Age: 51

    Rs.61000(Every five year)

    Total Premium Total Tax Saved


    Paid Returns
    360333 536800 111900
    Test Message

    Maturity Benefit
    Test Message
    Benefits Amount
    5th Year: (20 % of Sum Assured) 61000
    10th Year: (20 % of Sum Assured) 61000
    15th Year: (20 % of Sum Assured) 61000
    Bonus* 219600
    Final Addition Bonus* 12200
    Approximate Return at 20th Year:
    (40% of Sum Assured + 353800
    Accrued Bonus + FAB)
    Total Premium Paid 360333
    *Bonus rates and Final Addition Bonus(FAB) rates as per the latest declared rates.
    Benefit and Coverage Table

    Test Message
    Test Message
    Age Yearly Normal Accident Loan Total
    Premium Coverage Coverage Returns
    31 24515 392230 697230 0 0
    32 23987 403210 708210 0 0
    33 23987 414190 719190 21922 0
    34 23987 425170 730170 31461 0
    35 23987 436150 741150 42356 0
    36 23987 447130 752130 36963 61000
    37 23987 458110 763110 49630 0
    38 23987 469090 774090 64025 0
    39 23987 480070 785070 80368 0
    40 23987 491050 796050 98867 0
    41 23987 502030 807030 93972 61000
    42 23987 513010 818010 113733 0
    43 23987 523990 828990 135977 0
    44 23987 534970 839970 161164 0
    45 23987 552050 857050 189851 0
    46 0 564555 869555 174889 61000
    47 0 577060 882060 197341 0
    48 0 589565 894565 222455 0
    49 0 605120 910120 250569 0
    50 0 622200 927200 282041 0
    51 0 0 0 0 353800
    Total Premium 360333 Total Returns 536800
    Premium Chart

    Test Message
    First Year Premium Subsequent Year Premiums
    Mode Basic GST @ Total Mode Basic GST @ Total
    Premium 4.5% Premium Premium 2.25% Premium
    Yearly 23459 1056 24515 Yearly 23459 528 23987
    Half 11850 533 12383 Half 11850 267 12117
    Yearly Yearly
    Quarterly 5986 269 6255 Quarterly 5986 135 6121
    Monthly 1995 90 2085 Monthly 1995 45 2040
    Test Message
    Plan presentation prepared by:

    Test Message
    Test Message

    Test Message
    The premium shown on the app may vary depending on the applicable underwriting rules. Maturity calculations shown in the app
    are based on current bonus rates and may vary based on the Corporations actual experiences. Read the brochure carefully for
    more details on terms and conditions.

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