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  • Based On Life Insurance

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    santosh_stalin
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    This document summarizes a life insurance policy based on the time value of money. The policy applies to individuals aged 35-45, offers health coverage for children up to age 22, and can be maintained until age 99. Policy holders can claim up to Rs. 150000 annually for medical expenses, with unused amounts rolling over for up to 5 years. Another benefit is that the health card can be used for checkups across India. The time value of money principles are reflected in how premiums paid now accumulate value over time through interest returns on investment.

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    This document summarizes a life insurance policy based on the time value of money. The policy applies to individuals aged 35-45, offers health coverage for children up to age 22, and can be maintained until age 99. Policy holders can claim up to Rs. 150000 annually for medical expenses, with unused amounts rolling over for up to 5 years. Another benefit is that the health card can be used for checkups across India. The time value of money principles are reflected in how premiums paid now accumulate value over time through interest returns on investment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    18 views7 pages

    Based On Life Insurance

    Uploaded by

    santosh_stalin
    This document summarizes a life insurance policy based on the time value of money. The policy applies to individuals aged 35-45, offers health coverage for children up to age 22, and can be maintained until age 99. Policy holders can claim up to Rs. 150000 annually for medical expenses, with unused amounts rolling over for up to 5 years. Another benefit is that the health card can be used for checkups across India. The time value of money principles are reflected in how premiums paid now accumulate value over time through interest returns on investment.

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    of 7

    BASED ON LIFE INSURANCE

    that a dollar that you have today is worth

    more than the promise or expectation that

    you will receive a dollar in the future


    Money that you hold today is worth more

    because you can invest it and earn interest.

    In health sector normally we would be paying premium that would be a varying depending on some factors 1)Age 2)Premium Amount that paid 3)Number of years of the policy

    This policy is applicable to the age group of 35-45 The premium amount paid is 3750(3 month)for 5years This is also applicable to their children until there get 22 years This policy is applicable to the policy holders up to 99 years age

    Yearly policy holder can claim an amount of 150000 If he does not claim the amount would be added for next year I.e. 150000+150000=300000 This would be continued for 5 years. Another benefit is that this health card is carried through out India for check up.

    The application of TVM can be observed through ROI(return on investment) Here we will see what we are investing now and what is the rate of interest that we are getting And also we will see the value of money keeps changing

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