Tuesday, February 9, 2010

Jeevan Kishore - Sample Presentation with Example


Jeevan Kishore

Proposer         : Mr. X                Age: 32 Years
Policy Holder : Mr. Y              Age: 0 Year.

Policy Amount: Rs.2,00,000/-

Policy Term: 20 yrs.

Premium Amounts:

Payment Mode
Premium
Yearly
Rs.9556 /-
Half Yearly
Rs.4858 /-
Quarterly
Rs.2469 /-



Maturity Benefits:


            On maturity of the policy the Sum Assured (Rs.2,00,000 /-) + Bonus + FAB, if any will be paid to the policy holder.

                                  



What is paid for 20 years
What your child gets
Yearly
Rs.1,91,120/-
-
T.B for 20 years
SA – 2,00,000 +
Bonus – 1,68,000 ( estimated @ Rs.42  per 1000 SA for 26 years.)+
 F.A.B, if any – Rs.44,000 (estimated @ Rs.220 per 1000 SA)
=
Rs.4,12,000.

Half Yearly 
Rs.1,94,320/-
-
T.B for 20 years
Quarterly
Rs.1,97,520/-
-
T.B for 20 years
                                                                   
T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.

F.A.B – Final Additional Benefits.
Policy Holder will also be provided Premium Waiver Benefit in the given premium amount.
 
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