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  • Prepared By: T Rathnam 7207862317

    Uploaded by

    rajkum_gup
    9 views4 pages
    This document proposes a Jeevan Tarun child plan for Kashyap Krishna that provides a lump sum of Rs. 1,103,000 at age 25 if premiums of Rs. 25,951 for the first year and Rs. 25,482 for subsequent years are paid annually for 17 years. The plan offers life and accidental death coverage from Rs. 25,013 to Rs. 1,228,000 over the policy term and surrender values that increase each year from Rs. 0 to Rs. 582,867. Loans can also be taken against the policy each year increasing from Rs. 0 to Rs. 559,021.

    Original Description:

    LIC policy

    Original Title

    3f18aa2f-318d-44e8-a633-ef926f86af3c

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    This document proposes a Jeevan Tarun child plan for Kashyap Krishna that provides a lump sum of Rs. 1,103,000 at age 25 if premiums of Rs. 25,951 for the first year and Rs. 25,482 for subsequent years are paid annually for 17 years. The plan offers life and accidental death coverage from Rs. 25,013 to Rs. 1,228,000 over the policy term and surrender values that increase each year from Rs. 0 to Rs. 582,867. Loans can also be taken against the policy each year increasing from Rs. 0 to Rs. 559,021.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views4 pages

    Prepared By: T Rathnam 7207862317

    Uploaded by

    rajkum_gup
    This document proposes a Jeevan Tarun child plan for Kashyap Krishna that provides a lump sum of Rs. 1,103,000 at age 25 if premiums of Rs. 25,951 for the first year and Rs. 25,482 for subsequent years are paid annually for 17 years. The plan offers life and accidental death coverage from Rs. 25,013 to Rs. 1,228,000 over the policy term and surrender values that increase each year from Rs. 0 to Rs. 582,867. Loans can also be taken against the policy each year increasing from Rs. 0 to Rs. 559,021.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Prepared by

    T Rathnam
    7207862317
    rathnam.lic@insurer.com
    This is proposed to Kashyap Krishna

    Proposer Details
    Child Name Kashyap Krishna
    Child Age 3
    Plan Name 834-Jeevan Tarun
    Sum Assured 500000
    Policy Term 22
    Prem Paying Term 17
    Proposer Age 32
    PWB Rider yes

    First Year Premium


    Premium S.Tax(3.75%) Payable Prem
    YLY 25013 938 25951
    HLY 12642 474 13116
    QLY 6389 240 6629
    MLY 2130 80 2210
    2nd year onwards
    Premium S.Tax(1.875%) Payable Prem
    YLY 25013 469 25482
    HLY 12642 237 12879
    QLY 6389 120 6509
    MLY 2130 40 2170

    Pay Rs.25482 every year for 17 yrs and get a bulk


    amount of Rs.1103000 at Child Age:25
    Year Age Premium Natural Accidntl Returns Surrendr Loan

    2016 3 25951 25013 25013 0 0 0


    2017 4 25482 50026 50026 0 0 0
    2018 5 25482 697000 697000 0 33830 30447
    2019 6 25482 721000 721000 0 65318 58786
    2020 7 25482 745000 745000 0 81996 73796
    2021 8 25482 769000 769000 0 98915 89023
    2022 9 25482 793000 793000 0 116156 104540
    2023 10 25482 817000 817000 0 138088 124279
    2024 11 25482 841000 841000 0 160189 144170
    2025 12 25482 865000 865000 0 183534 165180
    2026 13 25482 889000 889000 0 208277 187449
    2027 14 25482 913000 913000 0 234527 211074
    2028 15 25482 937000 937000 0 262436 236192
    2029 16 25482 961000 961000 0 295567 266010
    2030 17 25482 995000 995000 0 325650 293085
    2031 18 25482 1021500 1021500 0 359978 323980
    2032 19 25482 1048000 1048000 0 396756 357080
    2033 20 0 1074500 1074500 0 436334 392700
    2034 21 0 1106000 1106000 0 480304 432273
    2035 22 0 1140000 1140000 0 528867 475980
    2036 23 0 1179000 1179000 0 586424 527781
    2037 24 0 1228000 1228000 0 621135 559021
    2038 25 0 0 0 1103000 0 0
    0 0 433663 0 0 1103000 0 0
    You have to pay the premium for 17 yrs
    (from Age:3 - Age:19)

    If you take the payment mode as yly then you have


    to pay Rs.25951 for the first year,from 2nd year
    onwards Rs.25482

    Totally you will pay Rs.433663

    At Child Age:25, you will receive Rs.1103000

    Natural Risk Cover is Rs.25013-Rs.1228000 as


    shown in the above table

    Accidental Risk Cover is Rs.25013-Rs.1228000 as


    shown in the above table

    If you close the policy you will receive the amount


    as shown in the above table under Surrender
    Column

    You can take the loan as shown in the above table


    under Loan Column

    Medical Report: Not Applicable

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