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This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy details
Sum Assured Rs. -
Policy Option Life Annuity with Return of
purchase price on Death Sum Assured on Death (at inception of the policy) Rs. 105,000
Premium summary
Base Plan Riders Total Instalment Premium
Instalment Premium without GST 100,000 - 100,000
Instalment Premium With First year GST 104,500 - 104,500
Instalment Premium With GST 2nd Year onwards 102,250 - 102,250
(Amounts in Rupees)
Policy Guaranteed Non Guaranteed
Year Annualised Premium Annual Annuity Amount Other Benefits, if any Maturity Benefit Death Benefit Min Guaranteed Surrender Value Special Surrender Value
1 100,000 0 0 0 105,000 0 0
55 0 43,861 0 0 600,000 0 88
56 0 43,861 0 0 600,000 0 0
57 0 43,861 0 0 600,000 0 0
58 0 43,861 0 0 600,000 0 0
59 0 43,861 0 0 600,000 0 0
60 0 43,861 0 0 600,000 0 0
61 0 43,861 0 0 600,000 0 0
62 0 43,861 0 0 600,000 0 0
63 0 43,861 0 0 600,000 0 0
64 0 43,861 0 0 600,000 0 0
65 0 43,861 0 0 600,000 0 0
66 0 43,861 0 0 600,000 0 0
67 0 43,861 0 0 600,000 0 0
68 0 43,861 0 0 600,000 0 0
69 0 43,861 0 0 600,000 0 0
70 0 43,861 0 0 600,000 0 0
Annuity payable p.a. based on prevailing annuity rates (Rs.) 43,861
Annuity Option Selected Life Annuity with Return of purchase price on Death
Annuity installment amount based on prevailing annuity rates (Rs.) 43,861
Notes:
1. Please consult our 'Insurance Consultant' for any clarifications on this illustration.
2. The values shown above are for illustration purpose only. The actual annuity amount receivable depends on the prevailing annuity rates at the time of policy issuance.
3. Refer Sales Literature for explantion of terms used in illustration and details about the product. Exclusions under this plan are as per Sales Literature.
4. Premiums payable are eligible for tax benefits under Section 80 (CCC) of the Income Tax Act (as applicable from time to time).
5. All benefits payable under the Plan are subject to the tax laws and other financial enactments, as applicable from time to time.
6. Surrender benefit, if any as per the above table, shall be higher of min Guranteed Surrender Value and Special Surrender Value.
7. The Annualized Premium excludes Goods and Services Tax.
I, ______________________________ (name), have explained the premiums, I, ______________________________ (name), having received the information with
and benefits under the product fully to the prospect/ policyholder. respect to the above , have understood the above statement before entering into the contract.
Place
Date: Signature of Agent/ Date: Signature of Prospect/
Intermediary/ Official Policyholder
Request you to submit the following mandatory requirements along with the application form:
1) Standard Age Proof
2) Photo
3) Photo Identity Proof
4) Address Proof
Disclaimer - IndiaFirst Life reserves the right to call for any additional documents/requirements basis the information provided by you in the application form. The
requirements stated herein are applicable only in case of the current application. Any simultaneous application or previous applications may necessitate additional
requirements by the Company. The AML / KYC documents for the proposer / premium pay or only are to be submitted.