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  • Premier Saver Education Plan maximizes returns with full premium waiver

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    Ravindran Raman
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    This document describes two options for an education savings plan called Premier Saver. Option 1 offers a lump sum return after 20 years ranging from Rs. 342,000 to Rs. 51,000 depending on the sum assured from Rs. 100,000 to Rs. 15,000. Option 2 offers higher lump sum returns from Rs. 680,000 to Rs. 100,000 based on the payer's age of 34. The plan fully waives premiums if the payer experiences a critical illness, disability, or death. It also provides Rs. 3,000-5,500 annually for a child's financial needs before year 10, and Rs. 32,100 annually from years 11-20. The key advantage

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    This document describes two options for an education savings plan called Premier Saver. Option 1 offers a lump sum return after 20 years ranging from Rs. 342,000 to Rs. 51,000 depending on the sum assured from Rs. 100,000 to Rs. 15,000. Option 2 offers higher lump sum returns from Rs. 680,000 to Rs. 100,000 based on the payer's age of 34. The plan fully waives premiums if the payer experiences a critical illness, disability, or death. It also provides Rs. 3,000-5,500 annually for a child's financial needs before year 10, and Rs. 32,100 annually from years 11-20. The key advantage

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    10 views6 pages

    Premier Saver Education Plan maximizes returns with full premium waiver

    Uploaded by

    Ravindran Raman
    This document describes two options for an education savings plan called Premier Saver. Option 1 offers a lump sum return after 20 years ranging from Rs. 342,000 to Rs. 51,000 depending on the sum assured from Rs. 100,000 to Rs. 15,000. Option 2 offers higher lump sum returns from Rs. 680,000 to Rs. 100,000 based on the payer's age of 34. The plan fully waives premiums if the payer experiences a critical illness, disability, or death. It also provides Rs. 3,000-5,500 annually for a child's financial needs before year 10, and Rs. 32,100 annually from years 11-20. The key advantage

    Copyright:

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    of 6

    PREMIER SAVER EDUCATION

    PLAN

    RETURN ON 20TH
    SUM ASSURED PREMIUM *
    YR

    100000 32100 342000

    50000 16050 171000

    25000 8025 85000

    15000 4850 51000


    * Excluding Payer Benefit
    OPTION 2

    RETURN ON 20TH
    SUM ASSURED PREMIUM *
    YR

    100000 32100 680 000

    50000 16050 340 000

    25000 8025 170 000

    15000 4850 100 000


    * Based on payer age 34
     FULL PREMIUM WAIVER UPON
    OCCURANCE OF ONE THE FOLLOWING
    UNFORESEEN EVEN :-

    1. CRITICAL ILLNESS
    2. DISABILITY
    3. DEATH
    Child’s Current Financial Need is Taken
    Care Upon Payer’s Unforeseen Situation

    Before 10 Years ( based On SA RM 100000 )


     RM 3000 + RM 2000 Dividend = RM5000 / YR - Up to year 5
     RM 3500 + RM 2000 Dividend = RM5500 / YR - from 6 to 10th year

    After 10th Years


     RM 32,100 / year from 11 Until 20 YEAR.
    ADVANTAGE OF EDU PREMIER
    SAVER

     UNLIKE USUAL EDU PLANS WHERE THE MONEY


    IS ONLY PAYABLE UPON MATURITY.

     PREMIER SAVER WILL ALLOW TO UTILISE ALL


    THE ACCUMULATED DIVIDENTS WITHOUT ANY
    HASSLE AND INTREST CHARGED TO IT, IF THE
    CHILD WERE TO GO FOR HIGHER EDUCATION
    MUCH BEFORE THE EXPECTED MATURITY DATE.

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