LIC's Amulya Jeevan features benefits premiums with example
Amulya Jeevan
Proposer: Mr. X
Age: 37 years
Nominee: Mr. Y
Policy Amount: 25 lacs.
Key Policy Features:
This is a pure term
assurance plan using which a person can secure his/her family in an
economical way. The policy amount can be paid either as regular
premiums (yearly and half yearly) or as a single premium.
Benefits:
Maturity Benefits:
There is no maturity benefits in this policy.
Death Benefits:
The Sum Assured will be given to the nominee on his/her death during the policy paying term.
Terms and Premiums:
Term: 5 years
Single Premium: Rs. 27,450 /-
Regular Premiums:
Mode
|
Premium
|
Total Premium Paid
|
Hly
Yearly
|
Rs. 3,379 /-
Rs. 6,625 /-
|
3379 x 10 = Rs. 33,790 /-
6625 x 5 = Rs. 33,125 /-
|
Term: 10 years
Single Premium: Rs. 51,525 /-
Regular Premiums:
Mode
|
Premium
|
Total Premium Paid
|
Hly
Yearly
|
Rs. 3,697 /-
Rs. 7,250 /-
|
3697 x 20 = Rs. 73,940 /-
7250 x 10 = Rs.72,500 /-
|
Term: 15 years
Single Premium: Rs. 78,150 /-
Regular Premiums:
Mode
|
Premium
|
Total Premium Paid
|
Hly
Yearly
|
Rs. 4,233 /-
Rs. 8,300 /-
|
4233 x 30 = Rs.1,26,990 /-
8300 x 15 = Rs.1,24,500 /-
|
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