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Mixing - 23-1-2021 5.6.43

This document proposes a life insurance plan for Laxman Prasad, age 49, with a sum assured of Rs. 1,000,000 over a term of 51 years with premiums payable for 15 years. The annual premium for the first year would be Rs. 81,713 reducing to Rs. 79,953 for subsequent years. Over the term of the policy, the total premium would be Rs. 1,201,055 and total returns upon maturity at age 100 would be Rs. 9,878,000. In the event of natural or accidental death during the term, the nominee would receive sums as detailed in the policy year-wise payout tables.

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42 views9 pages

Mixing - 23-1-2021 5.6.43

This document proposes a life insurance plan for Laxman Prasad, age 49, with a sum assured of Rs. 1,000,000 over a term of 51 years with premiums payable for 15 years. The annual premium for the first year would be Rs. 81,713 reducing to Rs. 79,953 for subsequent years. Over the term of the policy, the total premium would be Rs. 1,201,055 and total returns upon maturity at age 100 would be Rs. 9,878,000. In the event of natural or accidental death during the term, the nominee would receive sums as detailed in the policy year-wise payout tables.

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This is proposed to

Proposer Details
Name Laxman Prasad
Age 49
Sum Assured 1000000
Term 51
PPT 15
DAB Rider 0
AD & DB Rider 1000000
Term Rider 0
CIR SA 0

First Year Premium


YLY HLY QLY MLY
81713 41276 20848 6949

2nd Year Onwards


YLY HLY QLY MLY
79953 40388 20399 6800

Total Premium Rs.1201055


Total Returns Rs.9878000

Save Rs.219 per day and get an amount of


Rs.9878000 during the term
Year Age Premium Natural Accidntal Returns CashValue Loan

2020 49 81713 1048000 2048000 0 0 0

2021 50 79953 1096000 2096000 0 22933 20639

2022 51 79953 1144000 2144000 0 34399 30959

2023 52 79953 1192000 2192000 0 68799 61919

2024 53 79953 1240000 2240000 0 114666 103199

2025 54 79953 1288000 2288000 0 171999 154799

2026 55 79953 1336000 2336000 0 240798 216718

2027 56 79953 1384000 2384000 0 321064 288957

2028 57 79953 1432000 2432000 0 412797 371517

2029 58 79953 1480000 2480000 0 515997 464397

2030 59 79953 1528000 2528000 0 630663 567596

2031 60 79953 1576000 2576000 0 756795 681115

2032 61 79953 1624000 2624000 0 894394 804954

2033 62 79953 1672000 2672000 0 1043460 939114

2034 63 79953 1720000 2720000 0 1203993 1083593

2035 64 0 1788000 2788000 80000 1452080 420000

2036 65 0 1841000 2841000 80000 1659400 420000

2037 66 0 1894000 2894000 80000 1707600 420000

2038 67 0 1947000 2947000 80000 1755800 420000

2039 68 0 2010000 3010000 80000 1814000 420000

2040 69 0 2078000 3078000 80000 1877200 420000

2041 70 0 2156000 3156000 80000 1950400 420000

2042 71 0 2254000 2254000 80000 2043600 420000

2043 72 0 2402000 2402000 80000 2186800 420000

2044 73 0 2550000 2550000 80000 2330000 420000

2045 74 0 2698000 2698000 80000 2473200 420000


2046 75 0 2846000 2846000 80000 2616400 420000

2047 76 0 3014000 3014000 80000 2779600 420000

2048 77 0 3182000 3182000 80000 2942800 420000

2049 78 0 3350000 3350000 80000 3106000 420000

2050 79 0 3588000 3588000 80000 3339200 420000

2051 80 0 3836000 3836000 80000 3582400 420000

2052 81 0 4134000 4134000 80000 3875600 420000

2053 82 0 4432000 4432000 80000 4168800 420000

2054 83 0 4730000 4730000 80000 4462000 420000

2055 84 0 5028000 5028000 80000 4755200 420000

2056 85 0 5326000 5326000 80000 5048400 420000

2057 86 0 5624000 5624000 80000 5341600 420000

2058 87 0 5922000 5922000 80000 5634800 420000

2059 88 0 6220000 6220000 80000 5928000 420000

2060 89 0 6518000 6518000 80000 6221200 420000

2061 90 0 6566000 6566000 80000 6264400 420000

2062 91 0 6614000 6614000 80000 6307600 420000

2063 92 0 6662000 6662000 80000 6350800 420000

2064 93 0 6710000 6710000 80000 6394000 420000

2065 94 0 6758000 6758000 80000 6437200 420000

2066 95 0 6806000 6806000 80000 6480400 420000

2067 96 0 6854000 6854000 80000 6523600 420000

2068 97 0 6902000 6902000 80000 6566800 420000

2069 98 0 6950000 6950000 80000 6610000 420000

2070 99 0 6998000 6998000 80000 6653200 420000

2071 100 0 0 0 6998000 0 0

0 0 0 0 0 0 0 0
0 0 1201055 0 0 9878000 0 0
Agent Copy

Plan Age Sum Term Premium Total Prem Returns


Assured PPT

945 49 1000000 51/15 81713 1201055 9878000


You have to pay the premium for 15 yrs
(from Age:49 - Age:63)

If you take the payment mode as yly then you have to pay
Rs.81713 for the first year,from 2nd year onwards Rs.79953

You will receive the amount as shown in the above table under
Returns Column

Total premium is Rs.1201055 and Total Returns are Rs.9878000

Natural Risk Cover is as shown in the above table under Natural


column.....For example In case of Natural Death at Age-54,
Nominee will receive Rs.1288000

Accidental Risk cover is as shown in the above table under


Accidental column.....For example In case of Accidental Death at
Age-54, Nominee will receive Rs.2288000

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-56, you will receive Rs.321064

You can take the loan as shown in the above table under Loan
Column.....For example
at Age-56, you can take a loan of Rs.288957

Medical Report: FMR,ECG,SBT-13,RUA,Hb%


Disclaimer : The Benefits shown in this presentation are as per the 8% Benefit
illustration of LIC of India, Actual values may vary, depends on the corporation profits
and experience

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