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  • Tata and LIC Policy Comparision

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    Eshwar Ad
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    The document compares two life insurance policies for Abhishek's wife who is 34 years old. The LIC New Jeevan policy offers higher sum assured amounts and rider benefits but requires a 12 year payment term, while the Tata Aia Grip policy has a lower premium over 26 years but also lower coverage amounts. The total premium and maturity benefit are higher for the LIC policy.

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    The document compares two life insurance policies for Abhishek's wife who is 34 years old. The LIC New Jeevan policy offers higher sum assured amounts and rider benefits but requires a 12 year payment term, while the Tata Aia Grip policy has a lower premium over 26 years but also lower coverage amounts. The total premium and maturity benefit are higher for the LIC policy.

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    © All Rights Reserved
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    6 views1 page

    Tata and LIC Policy Comparision

    Uploaded by

    Eshwar Ad
    The document compares two life insurance policies for Abhishek's wife who is 34 years old. The LIC New Jeevan policy offers higher sum assured amounts and rider benefits but requires a 12 year payment term, while the Tata Aia Grip policy has a lower premium over 26 years but also lower coverage amounts. The total premium and maturity benefit are higher for the LIC policy.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Name: Abhishek's Wife, Date of birth: 27-06-1989

    Age: 34 Years

    LIC - New Jeevan


    S NO Description Tata AiA - GRIP
    Anand
    1 Age 34 Years 35 Years
    2 Sum Assured 75,00,000 50,00,000
    3 Rider - AD 75,00,000 50,00,000
    4 Rider - DB 75,00,000 50,00,000
    5 Rider - Term Booster 50,00,000 -
    6 Rider - Criti Care 20,00,000 -
    7 Rider - Hospi Care 10,00,000 -
    8 Payment Term 12 Years 26 Years
    26 Yrs (Child 26 Yrs (Child
    9 Policy Term
    Age: 36 Yrs) Age: 36 Yrs)
    1st Year Premium inc
    10 5,59,780 2,28,421
    GST with discount
    2nd Year Premium inc
    11 5,51,260 2,23,503
    GST
    Total Premium of
    12 66,23,640 58,15,996
    Payment Term
    13 Total Maturity Benefit 2,15,48,700 1,37,30,000

    Comparison with 26 Years PT

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