WHOLE LIFE PLANS | ||||||||||||
THE WHOLE LIFE POLICY-2
SUITABILITY: Low Premium , Provides High Risk Cover & Financial Security to Family. PRODUCT: Risk is Coverd Throughout The Life of Policyholder. In This Plan No Fixed Premium Paying Terms. Premiums Shall be Paid, Upto Policyholders 80th Age or 40 Years From The Date of Commencement (D.O.C)of The Policy Whichever is Later. MATURITY BENEFIT: On Attainment of Policyholder’s Age 80 or on Completion of 40 Years From The D.O.C of The Policy, Whichever is Later, Policyholder Will Get = Sum Assured + Bonus +FAB, if any DEATH BENEFIT: On Death of Policyholder During Policy Year, Nominee Will Get = Sum Assured + Bonus + FAB if any EXAMPLE:
Premium Paying Term = 50 Years Premium = Rs 4941 / Year MATURITY BENEFIT: End of 80th Age, Policyholder Will Get = Rs 8,00,000 DEATH BENEFIT: If Policyholder Dies During 10th Year, Nominee Will Get = Rs 3,00,000 | ||||||||||||
THE WHOLE LIFE POLICY-LIMITED PAYMENT-5
SUITABILITY: Low Premium , Provides High Risk Cover & Financial Security to Family. PRODUCT: Risk is Coverd Throughout The Life of Policyholder. In This Plan No Fixed Premium Paying Terms. Premiums Shall be Paid, Upto Policyholders 80th Age or 40 Years From The Date of Commencement (D.O.C)of The Policy Whichever is Later. MATURITY BENEFIT: On Attainment of Policyholder’s Age 80 or on Completion of 40 Years From The D.O.C of The Policy, Whichever is Later, Policyholder Will Get = Sum Assured + Bonus +FAB, if any DEATH BENEFIT: On Death of Policyholder During Policy Year, Nominee Will Get = Sum Assured + Bonus + FAB if any EXAMPLE:
Premium Paying Terms = 20 Years Only Premium = Rs 6648 / Year MATURITY BENEFIT: End of 80th Age, Policyholder Will Get = Rs 8,00,000 DEATH BENEFIT: If Policyholder Dies During 10th Year, Nominee Will Get = Rs 3,00,000 | ||||||||||||
Statutory Warning: “Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. These assumed rates of return are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.” All Calculation Given Above are Refer only *Insurance is the subject matter of Solicitation | ||||||||||||
For Any Clarification Contact RAVINDRABALAN. S LIC ADVICER |
WHOLE LIFE PLANS
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