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  • Illustration of Return From Mahalife Gold For Approximate Age of Life Till 75 Return Every Year After The 15th Year

    Uploaded by

    Kamaraj Shanmugam
    7 views1 page
    This document outlines the returns from a Mahalife Gold life insurance plan from age 0 to 75. It shows that the sum assured is Rs. 112,000 throughout. From ages 8-14, the policyholder receives a 3.1% performance bonus on the sum assured. From ages 15-18, the performance bonus increases to 6.2% and they also receive a 5% fixed bonus. From ages 50-75, the performance bonus is 9.3% and the fixed bonus remains at 5%. Over the policy term, the total estimated returns are Rs. 354,144 from performance bonuses, Rs. 201,600 from fixed bonuses, plus the sum assured of Rs. 112,000 paid out at death,

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    10,000

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    This document outlines the returns from a Mahalife Gold life insurance plan from age 0 to 75. It shows that the sum assured is Rs. 112,000 throughout. From ages 8-14, the policyholder receives a 3.1% performance bonus on the sum assured. From ages 15-18, the performance bonus increases to 6.2% and they also receive a 5% fixed bonus. From ages 50-75, the performance bonus is 9.3% and the fixed bonus remains at 5%. Over the policy term, the total estimated returns are Rs. 354,144 from performance bonuses, Rs. 201,600 from fixed bonuses, plus the sum assured of Rs. 112,000 paid out at death,

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Illustration of Return From Mahalife Gold For Approximate Age of Life Till 75 Return Every Year After The 15th Year

    Uploaded by

    Kamaraj Shanmugam
    This document outlines the returns from a Mahalife Gold life insurance plan from age 0 to 75. It shows that the sum assured is Rs. 112,000 throughout. From ages 8-14, the policyholder receives a 3.1% performance bonus on the sum assured. From ages 15-18, the performance bonus increases to 6.2% and they also receive a 5% fixed bonus. From ages 50-75, the performance bonus is 9.3% and the fixed bonus remains at 5%. Over the policy term, the total estimated returns are Rs. 354,144 from performance bonuses, Rs. 201,600 from fixed bonuses, plus the sum assured of Rs. 112,000 paid out at death,

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Age

    0
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14

    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44
    45

    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44

    Sum
    Assured
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000
    112000

    Prem

    Perf Bonus
    %
    Amt.

    Fixed Bonus
    %
    Amt.

    10000
    0
    0
    10000
    0
    0
    10000
    0
    0
    10000
    0
    0
    10000
    0
    0
    10000
    0
    0
    10000
    3.1
    3472
    0
    10000
    3.1
    3472
    0
    10000
    3.1
    3472
    0
    10000
    3.1
    3472
    0
    10000
    6.2
    6944
    5
    5600
    10000
    6.2
    6944
    5
    5600
    10000
    6.2
    6944
    5
    5600
    10000
    6.2
    6944
    5
    5600
    10000
    6.2
    6944
    5
    5600
    150000
    48608
    28000
    Illustration of Return from Mahalife Gold for approximate Age of life till 75
    Return every year after the 15th year
    45
    112000
    6.2
    6944
    5
    5600
    46
    112000
    6.2
    6944
    5
    5600
    47
    112000
    6.2
    6944
    5
    5600
    48
    112000
    6.2
    6944
    5
    5600
    49
    112000
    6.2
    6944
    5
    5600
    Return every year after the 19th year
    50
    112000
    9.3
    10416
    5
    5600
    51
    112000
    9.3
    10416
    5
    5600
    52
    112000
    9.3
    10416
    5
    5600
    53
    112000
    9.3
    10416
    5
    5600
    54
    112000
    9.3
    10416
    5
    5600
    55
    112000
    9.3
    10416
    5
    5600
    56
    112000
    9.3
    10416
    5
    5600
    57
    112000
    9.3
    10416
    5
    5600
    58
    112000
    9.3
    10416
    5
    5600
    59
    112000
    9.3
    10416
    5
    5600
    60
    112000
    9.3
    10416
    5
    5600
    61
    112000
    9.3
    10416
    5
    5600
    62
    112000
    9.3
    10416
    5
    5600
    63
    112000
    9.3
    10416
    5
    5600
    64
    112000
    9.3
    10416
    5
    5600
    65
    112000
    9.3
    10416
    5
    5600
    66
    112000
    9.3
    10416
    5
    5600
    67
    112000
    9.3
    10416
    5
    5600
    68
    112000
    9.3
    10416
    5
    5600
    69
    112000
    9.3
    10416
    5
    5600
    70
    112000
    9.3
    10416
    5
    5600
    71
    112000
    9.3
    10416
    5
    5600
    72
    112000
    9.3
    10416
    5
    5600
    73
    112000
    9.3
    10416
    5
    5600
    74
    112000
    9.3
    10416
    5
    5600
    75
    112000
    9.3
    10416
    5
    5600
    354144
    201600
    TOTAL RETURN FROM MAHALIFE GOLD
    1
    2
    3

    Perf. Bonus for Apprx. 40 years


    Fixed Bouns for Apprx. 36 years
    Sum Assured payable at the time of Death

    354144
    201600
    112000
    667744

    Total
    Returns

    3472
    3472
    3472
    3472
    12544
    12544
    12544
    12544
    12544
    76608

    12544
    12544
    12544
    12544
    12544
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016
    16016

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