banner8.jpgbanner4.jpgbanner2.jpgbanner7.jpgbanner1.jpgbanner.jpgbanner6.jpgbanner5.jpgbanner3.jpgbanner9.jpg

Age of Child is 1 Year

Age of Father is 27 Years

This is the second Combination Plan provision for child's education. From the age of 19 there is regular money back for child’s higher education fee. In the event of father’s death premium payment will stop and rest of benefits will be as it is. In this Combi-plan child will get insurance up the age of 29 years. In the following plan combination one plan gives guaranteed bonus return.

 

Age of

Risk Cover

 

Premium payment

Returns

Child

(Natural Death)

PWB

per year

from LIC

1

27,979

4,31,902

28773

0

2

55,958

4,06,496

28773

0

3

83,937

3,81,090

28773

0

4

1,11,916

3,55,684

28773

0

5

1,39,895

3,30,278

28773

0

6

5,42,086

3,04,872

28773

0

7

5,65,767

2,79,466

28773

0

8

6,91,200

2,54,060

28773

0

9

7,15,100

2,28,654

28773

0

10

7,39,000

2,03,248

28773

0

11

7,62,900

1,77,842

28773

0

12

7,86,800

1,52,436

28773

0

13

8,10,700

1,27,030

28773

0

14

8,34,600

1,01,624

28773

0

15

8,58,500

76,218

28773

0

16

8,82,400

50,812

28773

0

17

9,06,300

25,406

28773

0

18

9,30,200

0

28773

0

19

8,02,100

0

0

274000

20

8,18,000

0

0

50000

21

8,33,900

0

0

70000

22

8,49,800

0

0

50000

23

8,65,700

0

0

80000

24

6,80,000

0

0

323200

25

6,87,500

0

0

30000

26

6,95,000

0

0

0

27

4,00,000

0

0

195000

28

4,00,000

0

0

0

29

4,00,000

0

0

0

29

4,00,000

0

0

0

Total Payment & Return from LIC

517914

1072200

 

Key Assumptions

Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.

Yield on Investments (Pre Tax): 5.44 %

Income Tax Savings- As per Rules:

Projections:

Bonus: On applicable plans, last declared Interim Bonus has been considered for the purpose of projected Risk cover, Returns, Cash Value and Loan calculations

Terminal Bonus: On applicable plans Terminal Bonus has not been considered.

Loyalty Addition: Loyalty Addition has not been considered on applicable plans.

Payment to L.I.C. indicates Annual Premium and /or Advance Premiums

Returns in the Year indicate Normal Cash Flow and /or Cash Flow taken from L.I.C. in instalments. (Inclusive of Interest)

 

Disclaimer: Some data on this site is based on products and policies from Life Insurance Corporation of India and is used here as we work as Agents for LIC. Every care is taken to ensure that data provided is authentic. Customers are however requested to cross check with LIC as well. In the unlikely event of a discrepancy please do let us know. vandana@licindore.in