 |
Illustration |
 |
|
Age of Policyholder |
30 years |
|
Age of Spouse |
30 years |
|
Sum Insured |
Rs. 400,000/= |
|
Period of policy |
15 years |
 Additional
life cover for 2 times the insured
amount for himself/herself. |
|
Additional
life cover for spouse equivalent to the
insured amount. |
Additional
accidental cover (death, total permanent
disability, partial
permanent disability) for 4 times
the insured amount for himself/herself
and
spouse both. |
Critical
Illness cover equivalent to the total
life cover taken by you and the
spouse. |
|
Hospitalisation
Cash Plan for himself/herself, spouse
and the child. |
|
|
Benefits to the
Policyholder: |
|
|
Amount payable as
advance payments |
|
At
the end of 5th year |
Rs.100,000/= |
|
At
the end of 10th year |
Rs.100,000/= |
|
Amount payable at maturity (inclusive of
guaranteed bonus). |
Rs.350,000/= |
|
Total amount payable in the event of
death before maturity (For each
completed year a bonus of Rs.10,000/=
will be added to the above sum). |
Rs.1,200,000/= |
|
Amount payable in the event of
accidental death (For each completed
year a bonus of Rs.10,000/= will be
added to the above sum). |
Rs.2,800,000/= |
|
Amount payable in the event of total and
permanent disablement due to accident
described in the policy. (All future
premia will be waived.) |
Rs.1,600,000/= |
|
Payments in the event of partial
disablement as described in the policy
as a % of |
Rs.1,600,000/= |
|
Critical illness benefit payable in
accordance with the policy. |
Rs.400,000/= |
|
Cash benefit payable per day spent in
hospital. |
Rs.42,000/= |
|
(The policy has to
be in force for at least 90 days,
payments will be made from the 4th
day onwards for 50 days) |
|
|
Benefits to the
Spouse: |
|
|
Total amount payable in the event of
death of spouse before maturity. |
Rs.400,000/= |
|
Amount payable in the event of
accidental death. |
Rs.2,000,000/= |
|
Amount payable in the event of total and
permanent disablement due to an accident
as described in the policy. (Future
premia for the Spouse will be waived.) |
Rs.1,600,000/= |
|
Payments in the event of permanent
partial disablement as described in the
policy as a % of... |
Rs.1,600,000/= |
|
Critical illness benefit payable in
accordance with the policy. |
Rs.400,000/= |
|
Cash benefit payable per day spent in
hospital. |
Rs.42,000/= |
|
(The policy has to
be in force for at least 90 days,
payments will be made from the 4th
day onwards for 50 days) |
|
|
Benefits for
the Child/Children: |
|
|
Cash benefit payable per day spent in
hospital. |
Rs.42,000/= |
|
(The policy has to
be in force for at least 90 days,
payments will be made from the 4th
day onwards for 50 days) |
|
And this is what
the premia will approximately be for
different ages but for the same period
of 15 years
|
Premium |
Age |
|
30/30 |
35/35 |
40/40 |
|
Annual |
Rs.54,412/= |
Rs.58,440/= |
Rs.64,408/= |
|
Half yearly |
Rs.28,022/= |
Rs.22,942/= |
Rs.33,170/= |
|
Quarterly |
Rs.14,283/= |
Rs.15,262/= |
Rs.16,907/= |
|
Monthly |
Rs.4,897/= |
Rs.5,233/= |
Rs.5,797/= |
|
For the same sum insured, the benefits
are shown for different policy periods.
|
Protection Period |
No. Of Advance
Payments |
Value of an Advance
Payment |
Value of the Final
Payment |
Guaranteed Bonus paid
with Final Payment |
Total Guaranteed
Payment |
|
10 |
1 |
160,000 |
240,000 |
100,000 |
500,000 |
|
15 |
2 |
100,000 |
200,000 |
150,000 |
550,000 |
|
20 |
3 |
80,000 |
160,000 |
200,000 |
600,000 |
|
25 |
4 |
60,000 |
160,000 |
250,000 |
650,000 |
|
|
|
It is important to note that
irrespective of the instalments already
paid, a sum equivalent to the insured
amount along with the guaranteed bonus
earned up-to-date will be paid to your
dependants at the time of your death. |
|
