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  • Chidrenplan - 15-9-2019 3.1.17

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    This document proposes a Child Money Back plan for Anil Kothawade, age 2. The plan provides a sum assured of Rs. 100,000 over a 23 year term. The proposer would pay an annual premium of Rs. 4,951 for the first year and Rs. 4,845 from the second year onward, for a total premium of Rs. 1,11,541 over 23 years. The plan provides returns of Rs. 20,000 each at ages 18, 20, and 22, and a final payment of Rs. 1,65,400 at age 25. It also includes natural and accidental death coverage ranging from Rs. 4,738 to Rs. 2,25,400 over the term

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    This document proposes a Child Money Back plan for Anil Kothawade, age 2. The plan provides a sum assured of Rs. 100,000 over a 23 year term. The proposer would pay an annual premium of Rs. 4,951 for the first year and Rs. 4,845 from the second year onward, for a total premium of Rs. 1,11,541 over 23 years. The plan provides returns of Rs. 20,000 each at ages 18, 20, and 22, and a final payment of Rs. 1,65,400 at age 25. It also includes natural and accidental death coverage ranging from Rs. 4,738 to Rs. 2,25,400 over the term

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    © All Rights Reserved
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    6 views7 pages

    Chidrenplan - 15-9-2019 3.1.17

    Uploaded by

    Technical Brain
    This document proposes a Child Money Back plan for Anil Kothawade, age 2. The plan provides a sum assured of Rs. 100,000 over a 23 year term. The proposer would pay an annual premium of Rs. 4,951 for the first year and Rs. 4,845 from the second year onward, for a total premium of Rs. 1,11,541 over 23 years. The plan provides returns of Rs. 20,000 each at ages 18, 20, and 22, and a final payment of Rs. 1,65,400 at age 25. It also includes natural and accidental death coverage ranging from Rs. 4,738 to Rs. 2,25,400 over the term

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 7

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    This is proposed to Anil Kothawade

    Proposer Details
    Child Name Anil Kothawade
    Child Age 2
    Plan Name 832-Childrens Money Back
    Sum Assured 100000
    Policy Term 23
    Prem Paying Term 23
    Proposer Age -
    PWB Rider -

    First Year Premium


    Premium GST(4.5%) Payable Prem
    YLY 4738 213 4951
    HLY 2393 108 2501
    QLY 1209 54 1263
    MLY 403 18 421
    2nd year onwards
    Premium GST(2.25%) Payable Prem
    YLY 4738 107 4845
    HLY 2393 54 2447
    QLY 1209 27 1236
    MLY 403 9 412

    Save Rs.13 per day for 23 yrs and get


    an amount of Rs.225400 during the
    term
    Year Age Premiu Natural Accidntl Returns Surrendr Loan
    m

    2019 2 4951 4738 4738 0 0 0


    2020 3 4845 9476 9476 0 0 0
    2021 4 4845 114400 114400 0 6503 5852
    2022 5 4845 119200 119200 0 12494 11244
    2023 6 4845 124000 124000 0 15668 14101
    2024 7 4845 128800 128800 0 18885 16996
    2025 8 4845 133600 133600 0 22154 19938
    2026 9 4845 138400 138400 0 26250 23625
    2027 10 4845 143200 143200 0 30622 27559
    2028 11 4845 148000 148000 0 34972 31474
    2029 12 4845 152800 152800 0 39554 35598
    2030 13 4845 157600 157600 0 44396 39956
    2031 14 4845 162400 162400 0 49521 44568
    2032 15 4845 167200 167200 0 54954 49458
    2033 16 4845 173000 173000 0 60910 54819
    2034 17 4845 178300 178300 0 67157 60441
    2035 18 4845 183600 183600 20000 73815 66433
    2036 19 4845 188900 188900 0 80957 72861
    2037 20 4845 194200 194200 20000 88643 79778
    2038 21 4845 200000 200000 0 97072 87364
    2039 22 4845 205800 205800 20000 106242 95617
    2040 23 4845 213600 213600 0 117474 105726
    2041 24 4845 225400 225400 0 124804 112323
    2042 25 0 0 0 165400 0 0
    0 0 111541 0 0 225400 0 0
    You have to pay the premium for 23 yrs
    (from Age:2 - Age:24)

    If you take the payment mode as yly then you have to pay Rs.4951
    for the first year,from 2nd year onwards Rs.4845

    Totally you will pay Rs.111541

    You will receive the returns as follows:


    At Child Age:18 - Rs.20000
    At Child Age:20 - Rs.20000
    At Child Age:22 - Rs.20000
    At Child Age:25 - Rs.165400

    Natural Risk Cover is Rs.4738-Rs.225400 as shown in the above


    table......For example
    In case of Natural Death at Age-7, Nominee will receive
    Rs.128800

    Accidental Risk Cover is Rs.4738-Rs.225400 as shown in the


    above table......For example
    In case of Accidental Death at Age-7, Nominee will receive
    Rs.128800

    If you close the policy you will receive the amount as shown in the
    above table under Surrender Column.....For example
    if you close at Age-9, you will receive Rs.26250

    You can take the loan as shown in the above table under Loan
    Column.....For example
    at Age-9, you can take a loan of Rs.23625
    Medical Report:

    Disclaimer : The Benefits shown in this presentation are as


    per the 8% Benefit illustration of LIC of India, Actual values
    may vary, depends on the corporation profits and experience

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