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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