mlg various sa premium
TRANSCRIPT
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MAHALIFE GOLD-THE WHOLE LIFE PLAN
SAMPLE BENEFIT ILLUSTRATION - SUM ASSURED Rs.5, 00,000.
AGE: 30 Days to 35 Yrs. PREMIUM PAYING PERIOD: 15 Yrs
Years
S.A % age of Dividend Annual
Premium
Benefit Cash
Dividend
0 5,00,000 43,948 NIL
1 5,00,000 43,948 NIL
2 5,00,000 43,948 NIL
3 5,00,000 43,948 NIL
4 5,00,000 43,948 NIL
5 5,00,000 43,948 NIL
6 5,00,000 * [3.1% Bonus] 43,948 15,500
7 5,00,000 43,948 15,500
8 5,00,000 43,948 15,500
9 5,00,000 43,948 15,500
10 5,00,000*[6.2% Bonus+5%
G.R = 11.2%]
43,948 56,000
11 5,00,000 43,948 56,000
12 5,00,000 43,948 56,000
13 5,00,000 43,948 56,000
14 5,00,000 43,948 56,000
6,59,220 3,42,000
15 5,00,000 NIL 56,000
16 5,00,000 NIL 56,000
17 5,00,000 NIL 56,000
18 5,00,000 NIL 56,000
19 5,00,000 NIL 56,000
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20 5,00,000*[9.3+5=14.3%] NIL 71,500[For the
whole life]
Dividends, Coverages are given to you for your whole life. PayorBenefit, Critical Illness Benefit, Accident Death Benefit all these couldbe given through riders.
Total Premium Includes Service Tax 1.02%
Premium paid for 15 yrs (43,948*15) =6,59,220
Total Cash Dividend (15,500*4)= 62,000+(56,000*5)=2,80,000 =(-)3,42,000
Total Premium paid for 15 yrs Rs.3,17,220
Tax Benefits can be enjoyed under Section 80C
Returns are Tax Free under Section 10(10)D
MAHALIFE GOLD-THE WHOLE LIFE PLAN
SAMPLE BENEFIT ILLUSTRATION - SUM ASSURED Rs.10, 00,000.
AGE: 30 Days to 35 Yrs. PREMIUM PAYING PERIOD: 15 Yrs
Year
s
S.A % age of Dividend AnnualPremium
Benefit CashDividend
0 10,00,000 87,896 NIL
1 10,00,000 87,896 NIL
2 10,00,000 87,896 NIL
3 10,00,000 87,896 NIL
4 10,00,000 87,896 NIL
5 10,00,000 87,896 NIL
6 10,00,000 * [3.1% Bonus] 87,896 31,000
7 10,00,000 87,896 31,000
8 10,00,000 87,896 31,000
9 10,00,000 87,896 31,000
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10 10,00,000*[6.2% Bonus+5%
G.R = 11.2%]
87,896 1,12,000
11 10,00,000 87,896 1,12,000
12 10,00,000 87,896 1,12,000
13 10,00,000 87,896 1,12,00014 10,00,000 87,896 1,12,000
13,18,440 6,84,000
15 10,00,000 NIL 1,12,000
16 10,00,000 NIL 1,12,000
17 10,00,000 NIL 1,12,000
18 10,00,000 NIL 1,12,00019 10,00,000 NIL 1,12,000
20 10,00,000 *[9.3+5=14.3%] NIL 1,43,000[For the
whole life]
Dividends, Coverages are given to you for your whole life. PayorBenefit, Critical Illness Benefit, Accident Death Benefit all these couldbe given through riders.
Total Premium Includes Service Tax 1.02%
Premium paid for 15 yrs (87,896*15) =13,18,440
Total Cash Dividend (31,000*4)= 1,24,000+(1,12,000*5)=5,60,000=(-) 6,84,000
Total Premium paid for 15 yrs Rs.6,34,440
Tax Benefits can be enjoyed under Section 80C
Returns are Tax Free under Section 10(10)D
MAHALIFE GOLD-THE WHOLE LIFE PLAN
SAMPLE BENEFIT ILLUSTRATION - SUM ASSURED Rs.25, 00,000.
AGE: 30 Days to 35 Yrs. PREMIUM PAYING PERIOD: 15 Yrs
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Year
s
S.A % age of Dividend Annual
Premium
Benefit Cash
Dividend
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0 25,00,000 2,19,740 NIL
1 25,00,000 2,19,740 NIL
2 25,00,000 2,19,740 NIL
3 25,00,000 2,19,740 NIL
4 25,00,000 2,19,740 NIL
5 25,00,000 2,19,740 NIL
6 25,00,000 * [3.1% Bonus] 2,19,740 77,500
7 25,00,000 2,19,740 77,500
8 25,00,000 2,19,740 77,500
9 25,00,000 2,19,740 77,500
10 25,00,000*[6.2% Bonus+5%
G.R = 11.2%]
2,19,740 2,80,000
11 25,00,000 2,19,740 2,80,000
12 25,00,000 2,19,740 2,80,000
13 25,00,000 2,19,740 2,80,000
14 25,00,000 2,19,740 2,80,000
32,96,100 17,10,000
15 25,00,000 NIL 2,80,00016 25,00,000 NIL 2,80,000
17 25,00,000 NIL 2,80,000
18 25,00,000 NIL 2,80,000
19 25,00,000 NIL 2,80,000
20 25,00,000 *[9.3+5=14.3%] NIL 3,57,500 [For the
whole life]
Dividends, Coverages are given to you for your whole life. PayorBenefit, Critical Illness Benefit, Accident Death Benefit all these couldbe given through riders.
Total Premium Includes Service Tax 1.02%
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Premium paid for 15 yrs (2,19,740*15) =32,96,100
Total Cash Dividend (77,500*4)=3,10,000+(2,80,000*5)=14,00,000=(-) 17,10,000
Total Premium paid for 15 yrs Rs.15,86,100
Tax Benefits can be enjoyed under Section 80CReturns are Tax Free under Section 10(10)D
MAHALIFE GOLD-THE WHOLE LIFE PLAN
SAMPLE BENEFIT ILLUSTRATION - SUM ASSURED Rs.50, 00,000.
AGE: 30 Days to 35 Yrs. PREMIUM PAYING PERIOD: 15 Yrs
Year
s
S.A % age of Dividend AnnualPremium
Benefit CashDividend
0 50,00,000 4,39,481 NIL
1 50,00,000 4,39,481 NIL
2 50,00,000 4,39,481 NIL
3 50,00,000 4,39,481 NIL
4 50,00,000 4,39,481 NIL
5 50,00,000 4,39,481 NIL
6 50,00,000 * [3.1% Bonus] 4,39,481 1,55,000
7 50,00,000 4,39,481 1,55,000
8 50,00,000 4,39,481 1,55,000
9 50,00,000 4,39,481 1,55,000
10 50,00,000*[6.2% Bonus+5%
G.R = 11.2%]
4,39,481 5,60,000
11 50,00,000 4,39,481 5,60,000
12 50,00,000 4,39,481 5,60,000
13 50,00,000 4,39,481 5,60,000
14 50,00,000 4,39,481 5,60,000
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3 1,00,00,000 8,78,961 NIL
4 1,00,00,000 8,78,961 NIL
5 1,00,00,000 8,78,961 NIL
6 1,00,00,000 * [3.1% Bonus] 8,78,961 3,10,000
7 1,00,00,000 8,78,961 3,10,000
8 1,00,00,000 8,78,961 3,10,000
9 1,00,00,000 8,78,961 3,10,000
10 1,00,00,000*[6.2% Bonus+5%
G.R = 11.2%]
8,78,961 11,20,000
11 1,00,00,000 8,78,961 11,20,000
12 1,00,00,000 8,78,961 11,20,00013 1,00,00,000 8,78,961 11,20,000
14 1,00,00,000 8,78,961 11,20,000
1,31,84,415 12,40,000
15 1,00,00,000 NIL 11,20,000
16 1,00,00,000 NIL 11,20,000
17 1,00,00,000 NIL 11,20,00018 1,00,00,000 NIL 11,20,000
19 1,00,00,000 NIL 11,20,000
20 1,00,00,000 NIL 14,30,000[For
the whole life]
Dividends, Coverages are given to you for your whole life. PayorBenefit, Critical Illness Benefit, Accident Death Benefit all these could
be given through riders.Total Premium Includes Service Tax 1.02%
Premium paid for 15 yrs (8,78,961*15) =1,31,84,415
Total Cash Dividend (3,10,000*4)=12,40,000+(11,20,000*5)=5,60,000 =(-) 18,00,000
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Total Premium paid for 15 yrsRs.1,13,84,415
Tax Benefits can be enjoyed under Section 80C
Returns are Tax Free under Section 10(10)D