Tuesday, September 12, 2017


MONEY BACK PLANS


MONEY  BACK  PLANS


THE MONEY BACK-20 YEARS-75
Min.Age  =13
Max.Age =50
Term =20 yrs
Min.Sum Assured  = 50000
Max.Sum Assured = Any Amount
Premium Paying Mode : Single/Year/H.year/Qtr

SUITABILITY:
Businessmen & Professional As Money Available At regular intervals.
PRODUCT:
20% of Sum Assured Is Paid Once in Every 5 Years.
SURVIVAL BENEFIT:
End Of 5th ,10th & 15th  Year Policyholder Get = 20% Of Sum Assured
MATURITY BENEFIT:
On Maturity Will Get = 40% Sum Assured + Bonus
DEATH BENEFIT:
Nominee Will Get = Sum Assured + Bonus
EXAMPLE:

AGE=30
TERM=20year
SUM ASSURED= 1 LAC
 Premium Paying Term = 20 Years Only
Premium                       =  Rs 6480 / Year       
SURVIVAL BENEFIT:
End Of 5th ,10th & 15th  Year Policyholder Get = Rs 20000
MATURITY BENEFIT:
On Maturity Will Get = Rs 130000
Reinvestnent:
If  The Survival Benefit Reinvested @ 9% Interest For Remaining Term
End of Year
Survival Benefit
If Reinvested@9%
5th    Year
20000
  73000
10th  Year
20000
  47000
15th  Year
20000
  31000
20th  Year
40000+90000
130000
Total

 281000
DEATH BENEFIT:
If Death Rises 11th  Year

 Nominee Will Get = Rs 140000
(also already survival benefit paid to policyholder,end of 5th&10th Year each Rs 20000)


NEW MONEY BACK-25 YEARS-93
Min.Age  =13
Max.Age =45
Term= 25 Years
Min.Sum Assured  = 50000
Max.Sum Assured = Any Amount
Premium Paying Mode : Single/Year/H.year/Qtr

SUITABILITY:
Businessmen & Professional As Money Available At regular intervals.
PRODUCT:
15% of Sum Assured Is Paid Once in Every 5 Years.
SURVIVAL BENEFIT:
End Of 5th ,10th ,15th & 20th   Year Policyholder Get = 15% Of Sum Assured
MATURITY BENEFIT:
On Maturity Will Get = 40% Sum Assured + Bonus
DEATH BENEFIT:
Nominee Will Get = Sum Assured + Bonus
EXAMPLE:

AGE=30
TERM=25year
SUM ASSURED= 1 LAC
Premium Paying Term = 25 Years Only
Premium                       =  Rs 5374 / Year       
SURVIVAL BENEFIT:
End Of 5th ,10th & 15th  Year Policyholder Get = Rs 15000
MATURITY BENEFIT:
On Maturity Will Get = Rs 160000
Reinvestnent:
If  The Survival Benefit Reinvested @ 9% Interest For Remaining Term
End of Year
Survival Benefit
If Reinvested@9%
5th    Year
15000
  84000
10th  Year
15000
  55000
15th  Year
15000
  36000
20th  Year
15000
  23000
25th  Year
40000+120000
160000
Total

358000
DEATH BENEFIT:
If Death Rises 12th  Year

 Nominee Will Get = Rs 150000
(also already survival benefit paid to policyholder,end of 5th&10th Year each Rs 15000)



No comments:

Post a Comment