A traditional / Money Back Plan, No Benefit Illustration (BI) required.
125% of Sum Assured is guaranteed.
Cash Benefit (Money Back) at regular intervals:-
Cash Benefit Due at the end of Yrs. % of Sum Assured
1 4th 10 %
2 8th 15 %
3 12th 25 %
4 16th 25 %
5 On Maturity 50 % + Accrued Bonus
Entry Age - 14 -50 yrs. (Entry Age with Riders - 18-50 yrs.)
Maturity Age - 70 yrs.
Minimums Premium - Rs.5000/- Maximum Premium -No limit
Premium Multiple - Rs.1000
Sum Assure (SA) - As per SA Table / Calculator.
For Example
Age (Years) |
Annual Premium (Rs.) |
Policy Term |
Sum Assured (Rs.) |
30 |
5000 |
20 |
63000 |
40 |
5000 |
20 |
61000 |
50 |
5000 |
20 |
56000 |
Policy Term - 20 years,
Minimum SA for Riders - Rs.50,000
Rider Suggested - Comprehensive Accident Protection (CAP)
Death Benefit - SA + Accrued Bonus.
Revival Period - 5 years from the first unpaid period.
Surrender Value - Only after Payment of 3 Full Years Premium.
Precaution before completing the application form :-
1. The Sum Assured column should be kept Blank. The same will be filled by office considering the Age, Term and Premium.
2. Bank Account No. with any Nationalized / Computerized bank mention in the form.
3. One cancelled cheque of this bank account should be attached with the form.
To keep the policy in force, the premium must be paid regularly for the full term.
CASHGAIN - ECONOMY |
Example:- For Age 30, Term 20 Years, Premium Rs. 5000/-, |
Basic Sum Assured = 63,000 |
CashGain Benefits |
|
|
|
|
|
Estimated |
Estimated |
Term |
Premium |
Money Back |
Money Back |
Net payment |
Cumulative |
Cumulative |
|
Payment |
At the end of |
% of |
|
Bonus at 2% |
Bonus at 3.25% |
|
|
4,8,12,16 & 20 |
Sum Assured |
|
at the end of |
at the end of |
|
|
|
|
|
each year |
each year |
1 |
5000 |
|
|
5000 |
1260 |
2048 |
2 |
5000 |
|
|
5000 |
1285 |
2114 |
3 |
5000 |
|
|
5000 |
1311 |
2183 |
4 |
5000 |
|
|
5000 |
1337 |
2254 |
5 |
5000 |
6300 |
10 % 63000 |
0 |
1364 |
2327 |
6 |
5000 |
|
|
3700 |
1391 |
2403 |
7 |
5000 |
|
|
5000 |
1419 |
2481 |
8 |
5000 |
|
|
5000 |
1447 |
2561 |
9 |
5000 |
9450 |
15 % 63000 |
0 |
1476 |
2645 |
10 |
5000 |
|
|
550 |
1506 |
2730 |
11 |
5000 |
|
|
5000 |
1536 |
2819 |
12 |
5000 |
|
|
5000 |
1567 |
2911 |
13 |
5000 |
15750 |
25 % 63000 |
0 |
1598 |
3005 |
14 |
5000 |
|
|
0 |
1630 |
3103 |
15 |
5000 |
|
|
0 |
1663 |
3204 |
16 |
5000 |
|
|
4250 |
1696 |
3308 |
17 |
5000 |
15750 |
25 % 63000 |
0 |
1730 |
3416 |
18 |
5000 |
|
|
0 |
1764 |
3527 |
19 |
5000 |
|
|
0 |
1800 |
3641 |
20 |
5000 |
|
|
4250 |
1836 |
3760 |
On maturity |
31500 |
50 % 63000 |
|
|
|
|
Total |
78750 |
125% 63000 |
52750 |
30615 |
56438 |
Receipt on maturity |
50 % OF SUM ASSURED |
31500 |
( 78750-31500=47250 already paid during |
|
|
Policy Term) |
|
|
BONUS @ 3.25 % |
56438 |
|
|
|
TOTAL |
87938 |
|
|
|
