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  • Mithun - NewEndowment - 11-11-2023 3.48.42

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    VENUGOPAL V
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    This document summarizes a proposed 13-year endowment insurance plan with a sum assured of Rs. 500,000. The annual premium would be Rs. 41,276 for the first year and Rs. 40,388 for subsequent years. Over the 13 year period, the total premium paid would be Rs. 525,932. At the end of the 13 years at age 46, the nominee would receive Rs. 727,500. The plan also provides natural death coverage from Rs. 517,500 up to Rs. 722,500 over the term, as well as accidental death coverage from Rs. 1,017,500 up to Rs. 1,227,500.

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    This document summarizes a proposed 13-year endowment insurance plan with a sum assured of Rs. 500,000. The annual premium would be Rs. 41,276 for the first year and Rs. 40,388 for subsequent years. Over the 13 year period, the total premium paid would be Rs. 525,932. At the end of the 13 years at age 46, the nominee would receive Rs. 727,500. The plan also provides natural death coverage from Rs. 517,500 up to Rs. 722,500 over the term, as well as accidental death coverage from Rs. 1,017,500 up to Rs. 1,227,500.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views6 pages

    Mithun - NewEndowment - 11-11-2023 3.48.42

    Uploaded by

    VENUGOPAL V
    This document summarizes a proposed 13-year endowment insurance plan with a sum assured of Rs. 500,000. The annual premium would be Rs. 41,276 for the first year and Rs. 40,388 for subsequent years. Over the 13 year period, the total premium paid would be Rs. 525,932. At the end of the 13 years at age 46, the nominee would receive Rs. 727,500. The plan also provides natural death coverage from Rs. 517,500 up to Rs. 722,500 over the term, as well as accidental death coverage from Rs. 1,017,500 up to Rs. 1,227,500.

    Copyright:

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

    914-New Endowment

    .
    .

    Prepared By

    Venu Gopal V

    Ph: 9141126978
    venugopaldbp@gmail.com
    This is proposed to

    Proposer Details
    Name mithun
    Age 33
    Plan Name 914-New Endowment
    Sum Assured 500000
    Policy Term 13
    PPT 13
    DAB Rider 0
    AD & DB Rider 500000
    Term Rider 0
    CIR SA 0
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    41276 20854 10535 3511
    39499+1777 19956+898 10081+454 3360+151

    2nd year onwards


    YLY HLY QLY MLY
    40388 20405 10308 3436
    39499+889 19956+449 10081+227 3360+76

    Total Premium Rs.525932


    Total Returns Rs.727500

    Save Rs.111 per day for 13 yrs, and get a


    bulk amount of Rs.727500 at Age:46
    Year Age Premium Natural Accidental Returns CashValue Loan

    2023 33 41276 517500 1017500 0 0 0

    2024 34 40388 535000 1035000 0 23699 21329

    2025 35 40388 552500 1052500 0 45082 40573

    2026 36 40388 570000 1070000 0 92017 82815

    2027 37 40388 587500 1087500 0 115528 103975

    2028 38 40388 605000 1105000 0 139421 125478

    2029 39 40388 622500 1122500 0 163785 147406

    2030 40 40388 640000 1140000 0 207738 186964

    2031 41 40388 657500 1157500 0 257224 231501

    2032 42 40388 675000 1175000 0 312426 281183

    2033 43 40388 692500 1192500 0 373607 336246

    2034 44 40388 710000 1210000 0 442185 397966

    2035 45 40388 727500 1227500 0 479034 431130

    2036 46 0 0 0 727500 0 0

    0 0 525932 0 0 727500 0 0
    You have to pay the premium for 13 yrs
    (from Age:33 - Age:45)

    If you take the payment mode as yly then you have to pay Rs.41276 for the first
    year,from 2nd year onwards Rs.40388

    Totally you will pay Rs.525932

    At Age-46 you will receive Rs.727500

    Natural Risk Cover is Rs.517500-Rs.727500 as shown in the above


    table......For example
    In case of Natural Death at Age-38, Nominee will receive Rs.605000

    Accidental Risk Cover is Rs.1017500-Rs.1227500 as shown in the above


    table......For example
    In case of Accidental Death at Age-38, Nominee will receive Rs.1105000

    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-40, you will receive Rs.207738

    You can take the loan as shown in the above table under Loan Column.....For
    example
    at Age-40, you can take a loan of Rs.186964

    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
    ----NMS & NMG(Professional)----

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


    ----NMS & NMG(Professional)----
    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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