Sunday, December 6, 2009

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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2 comments:

  1. Great post. Thanks for sharing all the details about this policy in detail. I have contacted an agent and inquired about this policy but he didn't told me about the 5 year plan. I was actually looking for a short term policy and this one suits me in all the terms.

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    Replies
    1. i think you should go in for pure term plan in first instance and thereafter investment in non unit linked plans...i have come across an interesting site on investment plans and review...www.infopleez.com

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