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    945-Jeevan Umang

    Uploaded by

    swati dobhal
    This document summarizes a 945-Jeevan Umang life insurance plan for a 48-year old individual with a sum assured of Rs. 350,000. The policyholder must pay annual premiums of Rs. 29,239 for the first year and Rs. 28,610 for subsequent years over a 15 year term. In total, premium payments will amount to Rs. 429,779. From age 63 onwards, the nominee will receive annual payouts of Rs. 28,000. At age 100, a final payout of Rs. 2,466,100 will be made. The policy also provides life and accidental death coverage, as well as cash values and loan options.

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

    945-Jeevan Umang

    Uploaded by

    swati dobhal
    39 views5 pages
    This document summarizes a 945-Jeevan Umang life insurance plan for a 48-year old individual with a sum assured of Rs. 350,000. The policyholder must pay annual premiums of Rs. 29,239 for the first year and Rs. 28,610 for subsequent years over a 15 year term. In total, premium payments will amount to Rs. 429,779. From age 63 onwards, the nominee will receive annual payouts of Rs. 28,000. At age 100, a final payout of Rs. 2,466,100 will be made. The policy also provides life and accidental death coverage, as well as cash values and loan options.

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    lic plan

    Original Title

    _945-Jeevan Umang (1)

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    This document summarizes a 945-Jeevan Umang life insurance plan for a 48-year old individual with a sum assured of Rs. 350,000. The policyholder must pay annual premiums of Rs. 29,239 for the first year and Rs. 28,610 for subsequent years over a 15 year term. In total, premium payments will amount to Rs. 429,779. From age 63 onwards, the nominee will receive annual payouts of Rs. 28,000. At age 100, a final payout of Rs. 2,466,100 will be made. The policy also provides life and accidental death coverage, as well as cash values and loan options.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    39 views5 pages

    945-Jeevan Umang

    Uploaded by

    swati dobhal
    This document summarizes a 945-Jeevan Umang life insurance plan for a 48-year old individual with a sum assured of Rs. 350,000. The policyholder must pay annual premiums of Rs. 29,239 for the first year and Rs. 28,610 for subsequent years over a 15 year term. In total, premium payments will amount to Rs. 429,779. From age 63 onwards, the nominee will receive annual payouts of Rs. 28,000. At age 100, a final payout of Rs. 2,466,100 will be made. The policy also provides life and accidental death coverage, as well as cash values and loan options.

    Copyright:

    © All Rights Reserved
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    945-Jeevan Umang

    Prepared By

    Ms Garima
    New Business & Claims
    Mobile: 8744971854
    Proposer Details
    Plan Name 945-Jeevan Umang
    Name
    Age 48
    SumAssured 350000
    Term/PPT 52/15
    DAB Rider SumAssured 0
    AD&DB Rider SumAssured 0
    Term Rider SumAssured 0
    Critical Illness Rider SumAssured 0

    First Year Premium


    YLY HLY QLY MLY
    29239 14767 7457 2486
    27980+1259 14131+636 7136+321 2379+107

    Subsequent Year Premium


    YLY HLY QLY MLY
    28610 14449 7297 2433
    27980+630 14131+318 7136+161 2379+54

    Total Premium Rs.429779


    Total Returns Rs.3502100
    Year Age Premium Natural Accidental Returns CashFlow Loan
    2023 48 29239 366800 716800 0 0 0
    2024 49 28610 383600 733600 0 8026 7223
    2025 50 28610 400400 750400 0 12039 10835
    2026 51 28610 417200 767200 0 24079 21671
    2027 52 28610 434000 784000 0 40133 36119
    2028 53 28610 450800 800800 0 60199 54179
    2029 54 28610 467600 817600 0 84279 75851
    2030 55 28610 484400 834400 0 112372 101134
    2031 56 28610 501200 851200 0 144478 130030
    2032 57 28610 518000 868000 0 180598 162538
    2033 58 28610 534800 884800 0 220731 198657
    2034 59 28610 551600 901600 0 264877 238389
    2035 60 28610 568400 918400 0 313037 281733
    2036 61 28610 585200 935200 0 365210 328689
    2037 62 28610 602000 952000 0 421396 379256
    2038 63 0 625800 975800 28000 508228 147000
    2039 64 0 644350 994350 28000 580790 147000
    2040 65 0 662900 1012900 28000 597660 147000
    2041 66 0 681450 1031450 28000 614530 147000
    2042 67 0 703500 1053500 28000 634900 147000
    2043 68 0 727300 1077300 28000 657020 147000
    2044 69 0 754600 1104600 28000 682640 147000
    2045 70 0 788900 1138900 28000 715260 147000
    2046 71 0 840700 840700 28000 765380 147000
    2047 72 0 892500 892500 28000 815500 147000
    2048 73 0 944300 944300 28000 865620 147000
    2049 74 0 996100 996100 28000 915740 147000
    2050 75 0 1054900 1054900 28000 972860 147000
    2051 76 0 1113700 1113700 28000 1029980 147000
    2052 77 0 1172500 1172500 28000 1087100 147000
    2053 78 0 1255800 1255800 28000 1168720 147000
    2054 79 0 1342600 1342600 28000 1253840 147000
    2055 80 0 1446900 1446900 28000 1356460 147000
    2056 81 0 1551200 1551200 28000 1459080 147000
    2057 82 0 1655500 1655500 28000 1561700 147000
    2058 83 0 1759800 1759800 28000 1664320 147000
    2059 84 0 1864100 1864100 28000 1766940 147000
    2060 85 0 1968400 1968400 28000 1869560 147000
    2061 86 0 2072700 2072700 28000 1972180 147000
    2062 87 0 2177000 2177000 28000 2074800 147000
    2063 88 0 2281300 2281300 28000 2177420 147000
    2064 89 0 2298100 2298100 28000 2192540 147000
    2065 90 0 2314900 2314900 28000 2207660 147000
    2066 91 0 2331700 2331700 28000 2222780 147000
    2067 92 0 2348500 2348500 28000 2237900 147000
    2068 93 0 2365300 2365300 28000 2253020 147000
    2069 94 0 2382100 2382100 28000 2268140 147000
    2070 95 0 2398900 2398900 28000 2283260 147000
    2071 96 0 2415700 2415700 28000 2298380 147000
    2072 97 0 2432500 2432500 28000 2313500 147000
    2073 98 0 2449300 2449300 28000 2328620 147000
    2074 99 0 2466100 2466100 28000 2343740 147000
    2075 100 0 0 0 2466100 0 0
    0 0 429779 0 0 3502100 0 0
    You have to pay the premium for 15 yrs
    (from Age:48 - Age:62)

    If you take the payment mode as yly then you have to pay Rs.29239 for the
    first year,from 2nd year onwards Rs.28610

    Totally you will pay Rs.429779

    From Age:63-99 you will receive Rs.28000

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


    column.....For example In case of Natural Death at Age-53, Nominee will
    receive Rs.450800

    Accidental Risk cover is as shown in the above table under Accidental


    column.....For example In case of Accidental Death at Age-53, Nominee
    will receive Rs.800800

    At age 100 you will receive Rs.2466100

    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-60, you will receive Rs.313037
    if you close at Age-70, you will receive Rs.715260
    if you close at Age-80, you will receive Rs.1356460

    You can take the loan as shown in the above table under Loan
    Column.....For example
    at Age-62, you can take a loan of Rs.379256
    at Age-83, you can take a loan of Rs.147000

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