Conditio
Age at entry: 8 to 50 years
Policy Term: 10 yearsPremium Mode: Single
Premium Minimum: Rs.30000/- onwards in multiples of Rs.1000/-
Sum Assured : 150000/- to No upper limit.
Others: Service Tax at the prevailing rate applicable on premium.
Benefits
Maturity Benefit : At the end of Policy term Guaranteed Sum Assured Plus Loyalty Addition is payable.
Death Benefit : *Basic Sum Assured (BSA) = 5 times single premium excluding extra premium, if any.
Loyalty Addition : Shall be payable at the rate as declared by the Corporation and will be calculated on the Guaranteed Maturity Sum Assured.
Loan Facility : Available after completion of one year.
High Premium Rebate
Basic Premium : Increase in Guaranteed Maturity Sum Assured.
Below Rs. 50,000 :Nil.
Rs. 50,000 to Rs. 99,000 : 1.25%
Rs. 100,000 and above : 3.00%
JEEVAN VRIDDHI YIELD CALCULATOR | |
| NAME OF PROPOSER | |
| AGE OF PROPOSER | 45 |
| PREMIUM(BASIC INVESTED AMOUNT) | 100000.00 |
| TOTAL PREMIUM (INCL SERVICE TAX) | 101545.00 |
| GURANTEED MATURITY SUM ASSURED | 180796.00 |
| ADDITION LOYALITY ADDITION | 22600.00 |
| TOTAL YIELD ON MATURITY | 203396.00 |
| IRR(PRE TAX) | 7.19% |
| IRR(POST TAX - 10% SLAB) | 8.31% |
| IRR(POST TAX - 20% SLAB) | 9.57% |
| IRR(POST TAX - 30% SLAB) | 11.01% |
| BANK FD YIELD(POST TAX - 10% SLAB) | 228000.00 |
| BANK FD YIELD(POST TAX - 20% SLAB) | 213778.00 |
| BANK FD YIELD(POST TAX - 30% SLAB) | 199556.00 |
| BANK FD IRR(POST TAX - 10% SLAB) | 9.55% |
| BANK FD IRR(POST TAX - 20% SLAB) | 10.12% |
| BANK FD IRR(POST TAX - 30% SLAB) | 10.80% |
| "Free Risk cover of 5 TIMES OF BASE PREMIUM. On death- SUM ASSURED IS payable whereas in Bank FD only accumulated value paid with deduction of TDS Easy Liquidity – Loan/Surrender after 1 yr. Loan@ 10.25% as against >14% in the banks." | |
