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    FF - Moneyback20 - 6-5-2024 9.18.14

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    john ryan
    This document outlines the details of a proposed 920-NewMoneyBack(20yrs) life insurance plan. It provides information on premiums, returns, death benefits, cash values and loans over the 20 year term. The total premium would be Rs. 357058 paid over 15 years. Returns would be received at several points and the maximum death benefit would be Rs. 782600. Medical reports are also discussed.

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    FF - Moneyback20 - 6-5-2024 9.18.14

    Uploaded by

    john ryan
    13 views5 pages
    This document outlines the details of a proposed 920-NewMoneyBack(20yrs) life insurance plan. It provides information on premiums, returns, death benefits, cash values and loans over the 20 year term. The total premium would be Rs. 357058 paid over 15 years. Returns would be received at several points and the maximum death benefit would be Rs. 782600. Medical reports are also discussed.

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    ff_moneyBack20_6-5-2024 9.18.14

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    This document outlines the details of a proposed 920-NewMoneyBack(20yrs) life insurance plan. It provides information on premiums, returns, death benefits, cash values and loans over the 20 year term. The total premium would be Rs. 357058 paid over 15 years. Returns would be received at several points and the maximum death benefit would be Rs. 782600. Medical reports are also discussed.

    Copyright:

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

    FF - Moneyback20 - 6-5-2024 9.18.14

    Uploaded by

    john ryan
    This document outlines the details of a proposed 920-NewMoneyBack(20yrs) life insurance plan. It provides information on premiums, returns, death benefits, cash values and loans over the 20 year term. The total premium would be Rs. 357058 paid over 15 years. Returns would be received at several points and the maximum death benefit would be Rs. 782600. Medical reports are also discussed.

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    920-NewMoneyBack(20yrs)

    Prepared By

    Ph:
    This is proposed to

    Proposer Details
    Name ff
    Age 50
    Plan Name 920-NewMoneyBack(20yrs)
    Sum Assured 260000
    Policy Term 20
    PPT 15
    DAB Rider 0
    AD & DB Rider 260000
    Term Rider 0
    CIR SA 0
    PWB Rider -

    First Year Premium


    YLY HLY QLY MLY
    24292 12271 6198 2066
    23246+1046 11743+528 5931+267 1977+89

    2nd year onwards


    YLY HLY QLY MLY
    23769 12007 6064 2021
    23246+523 11743+264 5931+133 1977+44

    Total Premium Rs.357058


    Total Returns Rs.457600

    Save Rs.65 per day for 15 yrs and get an


    amount of Rs.457600 during the term
    Year Age Premium Natural Accidental Returns CashValue Loan

    2024 50 24292 334360 594360 0 0 0

    2025 51 23769 343720 603720 0 13947 12552

    2026 52 23769 353080 613080 0 25475 22927

    2027 53 23769 362440 622440 0 52699 47429

    2028 54 23769 371800 631800 0 66085 59476

    2029 55 23769 381160 641160 52000 27611 24849

    2030 56 23769 390520 650520 0 40880 36792

    2031 57 23769 399880 659880 0 58857 52971

    2032 58 23769 409240 669240 0 78105 70294

    2033 59 23769 418600 678600 0 98663 88796

    2034 60 23769 427960 687960 52000 68575 61717

    2035 61 23769 437320 697320 0 91889 82700

    2036 62 23769 446680 706680 0 116681 105012

    2037 63 23769 456040 716040 0 142998 128698

    2038 64 23769 465400 725400 0 170959 153863

    2039 65 0 474760 734760 52000 148670 133803

    2040 66 0 484120 744120 0 180249 162224

    2041 67 0 493480 753480 0 213876 192488

    2042 68 0 502840 762840 0 250696 225626

    2043 69 0 522600 782600 0 275221 247698

    2044 70 0 0 0 301600 0 0

    0 0 357058 0 0 457600 0 0
    You have to pay the premium for 15 yrs
    (from Age:50 - Age:64)

    If you take the payment mode as yly then you have to pay Rs.24292 for the first
    year,from 2nd year onwards Rs.23769

    Totally you will pay Rs.357058

    You will receive the returns as follows:


    At Age:55 - Rs.52000
    At Age:60 - Rs.52000
    At Age:65 - Rs.52000
    At Age:70 - Rs.301600

    Natural Risk Cover is Rs.334360-Rs.522600 as shown in the above


    table......For example
    In case of Natural Death at Age-55, Nominee will receive Rs.381160

    Accidental Risk Cover is Rs.594360-Rs.782600 as shown in the above


    table......For example
    In case of Accidental Death at Age-55, Nominee will receive Rs.641160

    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-57, you will receive Rs.58857

    You can take the loan as shown in the above table under Loan Column.....For
    example
    at Age-57, you can take a loan of Rs.52971
    Medical Report: For Proposers under NMS(Including NRIs/FNIOs of group V
    countries), And NMG(Professional) and NMG(Self-Employed) Criteria upto age
    60 LBD
    ----NMS & NMG(Professional)----

    For Proposers under NMG(SAP) and NMG(NSAP) for others


    ----MER----

    Disclaimer : The Benefits shown in this presentation are calculated based on the
    current bonus rates, Actual values may vary depends on the corporation profits and
    experience

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