You are on page 1of 2

Benefit Illustration

(This shall form a part of the policy document)

Output
Life Assured Details Other Details
Staff Policy
Primary Borrower Name Abc Def No Coverage Type Level Cover Share Of Loan For Primary Borrower (In %) 100%
(Primary Borrower)
Staff Policy
Primary Borrower Age 25 NA Option During Moratorium Period NA Share of Loan For Secondary Borrower (In %) NA
(Secondary Borrower)
Primary Borrower Gender M Loan Amount 600000 Premium Funding No Share Of Loan Amount For Primary Borrower 6,00,000
Moratorium Period
Secondary Borrower Age NA 0 Loan Interest Rate 9.0% Share Of Loan Amount For Secondary Borrower 0
(in months)
Secondary Borrower Gender NA CI Benefit Term 0 Single Or Joint Lives Single Life Loan Type Other Loan
Benefit Type Life Cover with AATPD & ADB Total Loan Period 5 Years Joint Life Option NA

Output
Primary Borrower Secondary Borrower Total
Installment Premium Installment Premium Installment Premium
Sum Sum GST and cess,if Total Installment Premium (Including GST and cess,if
(Exclusive of GST and cess,if (Exclusive of GST and cess,if without GST and cess,if
Assured Assured any any)
any) any) any
Life
6,00,000 3,300 0 0 3,300 594 3,894
Cover
ACI 0 0 0 0 0 0 0
ADB 6,00,000 1,224 0 0 1,224 220 1,444
AATPD 6,00,000 720 0 0 720 130 850
Total 5,244 0 5,244 944 6,188

Notes:
1. Accelerated Critical Illness Benefit (ACI) and Accelerated Accidental Total & Permanent Disability (AATPD) are accelerated benefits.
2. Accelerated Critical Illness Benefit (ACI) , Accelerated Accidental Total & Permanent Disability (AATPD) and Accidental Death Benefit (ADB) cannot be greater than life cover benefit.
3. Star Union Dai-ichi Life Insurance Company Limited is the name of the company and 'SUD Life New Sampoorna Loan Suraksha' is only the name of the Plan and does in no way indicate
the quality of the policy.
4. Goods & Services Tax and applicable cess,if any will be charged on premiums as per prevailing tax laws.This is subject to any change in the tax rate.
5. For more details on risk factor, terms and conditions, please read the Sales brochure of the plan carefully before concluding a sale.

1
2

You might also like