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  • 932-Childrens Money Back: Prepared by

    Uploaded by

    Vishal Gupta
    16 views6 pages
    This document summarizes a proposed 932-Childrens Money Back insurance plan. The plan is for a 0 year old child with a sum assured of Rs. 200,000 over a 25 year term. The total premium would be Rs. 211,160 paid annually. Over the 25 year term, the nominee would receive returns totaling Rs. 557,125 including lump sums at ages 18, 20, 22 and annually from ages 25-29. The plan provides natural and accidental death coverage from Rs. 8,253 to Rs. 515,000 over the term. The cash value and ability to take loans against the policy also increases each year.

    Original Description:

    Original Title

    _chidrenPlan_23-5-2022 9.22.14

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    This document summarizes a proposed 932-Childrens Money Back insurance plan. The plan is for a 0 year old child with a sum assured of Rs. 200,000 over a 25 year term. The total premium would be Rs. 211,160 paid annually. Over the 25 year term, the nominee would receive returns totaling Rs. 557,125 including lump sums at ages 18, 20, 22 and annually from ages 25-29. The plan provides natural and accidental death coverage from Rs. 8,253 to Rs. 515,000 over the term. The cash value and ability to take loans against the policy also increases each year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    16 views6 pages

    932-Childrens Money Back: Prepared by

    Uploaded by

    Vishal Gupta
    This document summarizes a proposed 932-Childrens Money Back insurance plan. The plan is for a 0 year old child with a sum assured of Rs. 200,000 over a 25 year term. The total premium would be Rs. 211,160 paid annually. Over the 25 year term, the nominee would receive returns totaling Rs. 557,125 including lump sums at ages 18, 20, 22 and annually from ages 25-29. The plan provides natural and accidental death coverage from Rs. 8,253 to Rs. 515,000 over the term. The cash value and ability to take loans against the policy also increases each year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    932-Childrens Money Back

    Prepared By

    Ph:
    This is proposed to

    Proposer Details
    Child Name
    Child Age 0
    Plan Name 932-Childrens Money Back
    Sum Assured 200000
    Policy Term 25
    PPT 25
    Proposer Age -
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    8624 4359 2203 735
    8253+371 4171+188 2108+95 703+32

    2nd year onwards


    YLY HLY QLY MLY
    8439 4265 2155 719
    8253+186 4171+94 2108+47 703+16

    Total Premium Rs.211160


    Total Returns Rs.557125

    Save Rs.23 per day for 25 yrs and get an


    amount of Rs.557125
    Year Age Premium Natural Accidental Returns CashValue Loan

    2022 0 8624 8253 8253 0 0 0

    2023 1 8439 16506 16506 0 4952 3961

    2024 2 8439 227000 227000 0 11553 9242

    2025 3 8439 236000 236000 0 22057 17645

    2026 4 8439 245000 245000 0 27630 22104

    2027 5 8439 254000 254000 0 33248 26598

    2028 6 8439 263000 263000 0 38921 31136

    2029 7 8439 272000 272000 0 45853 36682

    2030 8 8439 281000 281000 0 53191 42552

    2031 9 8439 290000 290000 0 60960 48768

    2032 10 8439 299000 299000 0 69207 55365

    2033 11 8439 308000 308000 0 77241 61792

    2034 12 8439 317000 317000 0 85671 68536

    2035 13 8439 326000 326000 0 94534 75627

    2036 14 8439 339000 339000 0 104623 83698

    2037 15 8439 349000 349000 0 114711 91768

    2038 16 8439 359000 359000 0 125414 100331

    2039 17 8439 369000 369000 0 136797 109437

    2040 18 8439 381000 381000 40000 149358 119486

    2041 19 8439 394000 394000 0 163060 130448

    2042 20 8439 409000 409000 40000 178352 142681

    2043 21 8439 428000 428000 0 195964 156771

    2044 22 8439 457000 457000 40000 218065 174452

    2045 23 8439 486000 486000 0 244265 195412

    2046 24 8439 515000 515000 0 259568 207654

    2047 25 0 0 0 87425 0 0
    2048 26 0 0 0 87425 0 0

    2049 27 0 0 0 87425 0 0

    2050 28 0 0 0 87425 0 0

    2051 29 0 0 0 87425 0 0

    2052 30 0 0 0 0 0 0

    0 0 211160 0 0 557125 0 0
    You have to pay the premium for 25 yrs
    (from Age:0 - Age:24)

    If you take the payment mode as yly then you have to pay Rs.8624 for the first
    year,from 2nd year onwards Rs.8439

    Totally you will pay Rs.211160

    You will receive the returns as follows:


    At Child Age:18 - Rs.40000
    At Child Age:20 - Rs.40000
    At Child Age:22 - Rs.40000
    From Child Age:25-29 - Rs.87425

    Natural Risk Cover is Rs.8253-Rs.515000 as shown in the above table......For


    example
    In case of Natural Death at Age-5, Nominee will receive Rs.254000

    Accidental Risk Cover is Rs.8253-Rs.515000 as shown in the above


    table......For example
    In case of Accidental Death at Age-5, Nominee will receive Rs.254000

    If you close the policy you will receive the amount as shown in the above table
    under CashValue Column.....For example
    if you close at Age-7, you will receive Rs.45853

    You can take the loan as shown in the above table under Loan Column.....For
    example
    at Age-7, you can take a loan of Rs.36682
    Medical Report: For Proposers under NMS(Including NRIs/FNIOs of group V
    countries), And NMG(Professional) and NMG(Self-Employed) Criteria upto age
    60 LBD
    --------

    For Proposers under NMG(SAP) and NMG(NSAP) for others


    --------

    Disclaimer : The Benefits shown in this presentation are calculated based on the
    current bonus rates, Actual values may vary depends on the corporation profits and
    experience

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