Jeevan Labh (936-16-10)

Test Message

Mr. Abraham Kuruvila.

Age : 44 years. Sum Assured : 2300000
Premium paying period : 10 years

First Year Premium

Mode Basic Premium GST @ 4.5% Total Premium
Yearly 197660 8895 206555
Half Yearly 99842 4493 104335
Quarterly 50428 2269 52697
Monthly 16809 756 17565

Subsequent Year Premiums

Mode Basic Premium GST @ 2.25% Total Premium
Yearly 197660 4447 202107
Half Yearly 99842 2246 102088
Quarterly 50428 1135 51563
Monthly 16809 378 17187
 Benefit Pattern Illustration

(2300000 to 4013500)

Rs.4013500

Rs.206555

Age 44 Age 54 Age 60

Total Premium Total Tax Saved

Paid Returns (30 % Slab)
2025518 4013500 477000

Maturity Benefit
Benefits Amount
Sum Assured 2300000
Bonus* (103500 X 16) 1656000
Final Addition Bonus* (25 per 1000 SA) 57500
Expected Maturity Amount 4013500
(After 16 years)
Total Premium Paid 2025518
*Bonus rates and Final Addition Bonus(FAB) rates as per the latest declared rates.
 How the plan works...

Mr. Abraham Kuruvila pays an annual premium of Rs.202107 for 10 years.

Maturity amount (SA+Bonus+FAB) is paid after the policy term

of 16 years.

Expected Maturity amount as per the current bonus rates comes to

around Rs. 4013500.

Normal Insurance coverage and accidental insurance coverage is available

during the term of the policy.

Loan and surrender facility is available after two years and at least two
full-year premium payment.
 Benefit and Coverage Table
Age Yearly Normal Accident Loan Returns
Premium Coverage Coverage
44 206555 2392000 4692000 0 0
45 202107 2484000 4784000 0 0
46 202107 2576000 4876000 220364 0
47 202107 2668000 4968000 316649 0
48 202107 2760000 5060000 426683 0
49 202107 2852000 5152000 551866 0
50 202107 2944000 5244000 694193 0
51 202107 3036000 5336000 842079 0
52 202107 3128000 5428000 1008637 0
53 202107 3220000 5520000 1197515 0
54 0 3312000 5612000 1412724 0
55 0 3404000 5704000 1659293 0
56 0 3496000 5796000 1957271 0
57 0 3588000 5888000 2295860 0
58 0 3726000 6026000 2679451 0
59 0 3829500 6129500 3114388 0
60 0 0 0 0 4013500
Total Premium 2025518 Total Returns 4013500

- CLICK HERE TO READ MORE ABOUT THE PLAN -

Disclaimer
Premium shown in the app is indicative and not exact. Actual premium can vary according to underwriting rules applicable. Maturity
calculations shown in the app are based on the current bonus rates and can vary based on the actual experiances of the
corporation. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a
sale.

Plan presentation prepared by:

Anoop C Appukuttan
Development Officer
LIC of India, Changanacherry
E-Mail : anoopappukuttan@gmail.com
Mobile : 9495048160