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  • Jtarun - 2-1-2023 9.33.6

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    Skfz 5isti
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    This document summarizes a 934-Jeevan Tarun life insurance plan for a 4-year old child. The plan provides a sum assured of Rs. 500,000 over a policy term of 21 years with premium payment term of 16 years. The annual premium is Rs. 29,486 for the first year and Rs. 28,851 for subsequent years. The total premium payable is Rs. 462,251. The plan provides natural and accidental death coverage increasing from Rs. 28,215 to Rs. 11,47,500 over the policy term. It also provides returns starting from age 20 totaling Rs. 10,22,500 and a cash value that increases each year.

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    This document summarizes a 934-Jeevan Tarun life insurance plan for a 4-year old child. The plan provides a sum assured of Rs. 500,000 over a policy term of 21 years with premium payment term of 16 years. The annual premium is Rs. 29,486 for the first year and Rs. 28,851 for subsequent years. The total premium payable is Rs. 462,251. The plan provides natural and accidental death coverage increasing from Rs. 28,215 to Rs. 11,47,500 over the policy term. It also provides returns starting from age 20 totaling Rs. 10,22,500 and a cash value that increases each year.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    10 views5 pages

    Jtarun - 2-1-2023 9.33.6

    Uploaded by

    Skfz 5isti
    This document summarizes a 934-Jeevan Tarun life insurance plan for a 4-year old child. The plan provides a sum assured of Rs. 500,000 over a policy term of 21 years with premium payment term of 16 years. The annual premium is Rs. 29,486 for the first year and Rs. 28,851 for subsequent years. The total premium payable is Rs. 462,251. The plan provides natural and accidental death coverage increasing from Rs. 28,215 to Rs. 11,47,500 over the policy term. It also provides returns starting from age 20 totaling Rs. 10,22,500 and a cash value that increases each year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 5

    934-Jeevan Tarun

    Prepared By

    This is proposed to

    Proposer Details
    Child Name
    Child Age 4
    Plan Name 934-Jeevan Tarun
    Sum Assured 500000
    Policy Term 21
    PPT 16
    Proposer Age 32
    PWB Rider yes

    First Year Premium


    YLY HLY QLY MLY
    29486 14906 7534 2511
    28216+1270 14264+642 7210+324 2403+108

    2nd year onwards


    YLY HLY QLY MLY
    28851 14585 7372 2457
    28216+635 14264+321 7210+162 2403+54

    Total Premium Rs.462251


    Total Returns Rs.1022500

    Save Rs.79 per day for 16 yrs and get an


    amount of Rs.1022500 during the term
    Year Age Premium Natural Accidental Returns CashValue Loan

    2023 4 29486 28215 28215 0 0 0

    2024 5 28851 56430 56430 0 16929 15236

    2025 6 28851 692500 692500 0 36146 32531

    2026 7 28851 715000 715000 0 71028 63925

    2027 8 28851 737500 737500 0 89191 80271

    2028 9 28851 760000 760000 0 107637 96873

    2029 10 28851 782500 782500 0 126443 113798

    2030 11 28851 805000 805000 0 149720 134748

    2031 12 28851 827500 827500 0 174464 157017

    2032 13 28851 850000 850000 0 200766 180689

    2033 14 28851 872500 872500 0 228780 205902

    2034 15 28851 895000 895000 0 258588 232729

    2035 16 28851 917500 917500 0 290306 261275

    2036 17 28851 940000 940000 0 324086 291677

    2037 18 28851 972500 972500 0 362201 325980

    2038 19 28851 997500 997500 0 401405 361264

    2039 20 0 1022500 1022500 50000 443477 399129

    2040 21 0 1047500 1047500 50000 488679 439811

    2041 22 0 1077500 1077500 50000 538943 485048

    2042 23 0 1110000 1110000 50000 596953 537257

    2043 24 0 1147500 1147500 50000 630776 567698

    2044 25 0 0 0 772500 0 0

    0 0 462251 0 0 1022500 0 0
    You have to pay the premium for 16 yrs
    (from Age:4 - Age:19)

    If you take the payment mode as yly then you have to pay Rs.29486 for the first
    year,from 2nd year onwards Rs.28851

    Totally you will pay Rs.462251

    You will receive the returns as follows:


    At Child Age:20 - Rs.50000
    At Child Age:21 - Rs.50000
    At Child Age:22 - Rs.50000
    At Child Age:23 - Rs.50000
    At Child Age:24 - Rs.50000
    At Child Age:25 - Rs.772500

    Natural Risk Cover is Rs.28215-Rs.1147500 as shown in the above


    table......For example
    In case of Natural Death at Age-9, Nominee will receive Rs.760000

    Accidental Risk Cover is Rs.28215-Rs.1147500 as shown in the above


    table......For example
    In case of Accidental Death at Age-9, Nominee will receive Rs.760000

    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-11, you will receive Rs.149720

    You can take the loan as shown in the above table under Loan Column.....For
    example
    at Age-11, you can take a loan of Rs.134748
    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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