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    HDFC Life offered a life insurance scheme called HDFC Life Sanchay Plus in 2019 with three plan options: 1) Guaranteed Income Option which guarantees annual returns of Rs. 2,25,000 from year 14-25 for a 35 year old who pays Rs. 1,00,000 annually for 12 years; 2) Lifelong Income Option guarantees annual returns of Rs. 1,00,000 from year 61-99 for a 50 year old who pays Rs. 1,00,000 annually for 10 years; 3) Long term Income Option guarantees annual returns of Rs. 1,05,000 from year 61-85 for a 50 year old who pays Rs. 1,00,000 annually for 10

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    Fmi Assignemnt

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    FMI

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    HDFC Life offered a life insurance scheme called HDFC Life Sanchay Plus in 2019 with three plan options: 1) Guaranteed Income Option which guarantees annual returns of Rs. 2,25,000 from year 14-25 for a 35 year old who pays Rs. 1,00,000 annually for 12 years; 2) Lifelong Income Option guarantees annual returns of Rs. 1,00,000 from year 61-99 for a 50 year old who pays Rs. 1,00,000 annually for 10 years; 3) Long term Income Option guarantees annual returns of Rs. 1,05,000 from year 61-85 for a 50 year old who pays Rs. 1,00,000 annually for 10

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    8 views1 page

    TH TH

    Uploaded by

    Akshay Madyal
    HDFC Life offered a life insurance scheme called HDFC Life Sanchay Plus in 2019 with three plan options: 1) Guaranteed Income Option which guarantees annual returns of Rs. 2,25,000 from year 14-25 for a 35 year old who pays Rs. 1,00,000 annually for 12 years; 2) Lifelong Income Option guarantees annual returns of Rs. 1,00,000 from year 61-99 for a 50 year old who pays Rs. 1,00,000 annually for 10 years; 3) Long term Income Option guarantees annual returns of Rs. 1,05,000 from year 61-85 for a 50 year old who pays Rs. 1,00,000 annually for 10

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    1) HDFC Life offered life insurance scheme called HDFC life Sanchay Plus in 2019.

    Under this
    scheme, there are three types of plans
    A) Guaranteed Income Option: Assume that a 35 year old pays Rs 1,00,000 p.a. for 12
    years. Wait for a year and get guaranteed return of Rs 2,25,000 p.a. from 14th year to
    25th year

    B) Lifelong Income Option: Assume that a 50 year old pays Rs 1,00,000 p.a. for 10 years.
    Wait for a year and get guaranteed return of Rs 1,00,000 p.a. from 61st year to 99th year.
    The entire premium paid of Rs 10,00,000 will be repaid to the customer in 99th Year.

    C) Long term Income Option: Assume that a 50 year old pays Rs 1,00,000 p.a. for 10 years.
    Wait for a year and get guaranteed return of Rs 1,05,000 p.a. from 61st year to 85th year.
    The entire premium paid of Rs 10,00,000 will be repaid to the customer in 96th Year.

    Assume that all cash inflows and outflows are occurring at the end of the time period. Also assume
    that the life assured lives for the entire period. Which plan do you select? Why?

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