Scribd Logo
Upload

Welcome to Scribd!

  • 30 views

    ACE - 2 Lakh With Income From 6th Yr

    Uploaded by

    Amol elinje B-77
    Bajaj

    Copyright:

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

    ACE - 2 Lakh With Income From 6th Yr

    Uploaded by

    Amol elinje B-77
    30 views3 pages
    Bajaj

    Original Title

    ACE - 2 lakh with Income from 6th yr

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Bajaj

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views3 pages

    ACE - 2 Lakh With Income From 6th Yr

    Uploaded by

    Amol elinje B-77
    Bajaj

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 3

    STORY #2

    A Non Linked participating early income plan

    Now, You have the power to choose


    Non-Linked, Participating Life Insurance Savings Plan

    Pay Get

    ₹ 2,00,000 ₹ 8.89 Cr.


    X 12 years Total Income 67.94 L +
    (Total 24 Lakhs) Maturity Benefit 8.21 Cr.

    ₹ 2L p.a. paid for 12 years

    Income of ₹ 1,04,529 p.a. paid from year 6 to year 70


    (Cash Bonus + Guaranteed Income)
    ₹ 8.21 Cr.
    at Maturity
    Policy year 1 Policy year 70
    Risk Cover

    Age 30 -------------------------------------- Policy term: 70 years ----------------------------------- Age 100

    Non guaranteed benefits are demonstrated at 8% | Age 30Y male, PPT 12, PT 70 years, Deferment 5, Auto pay yes, Early income 75% + Wealth 25% | Premium is without GST
    Plan Benefits
    Proposer – Age 30 years Annual Premium - 2 Lakh PPT – 12 yrs Deferment 5 yrs

    Income Benefit
    Get regular Income Rs. 1,04,529 per annum from 6th year to 70th year (1,04,529 x 65)
    Income consists of 40% Guaranteed Income & 60% Cash Bonus (on 8% illustration)
    Total ₹ 67.94 Lakh

    Maturity Benefit
    Get Maturity Benefit of ₹ 8.21 Crore at the age of 100 years.
    Total maturity benefit =
    Maturity Sum Assured + Accrued Simple Reversionary + Terminal Bonus
    TOTAL = 67.94 Lakh + 8.21 Crore = ₹8.89 Crore

    Death Benefit
    Enjoy the increasing risk cover, starts from 22 Lakh in year 1 to 8.21 Crore in year 70.

    You might also like