Prepared by

Satyendra Gupta (LIC, Health, Travel & Motor Insurance-

9811362697)
http://www.everyoneinsured.in
 This is proposed to Customer

Proposer Details
Name Customer
Age 30
Plan Name 833-Jeevan Lakshya
Sum Assured 500000
Policy Term 25
Prem Paying Term 22
Double Accidental Benefit yes
Term Rider 0

First Year Premium

Premium S.Tax(3.75%) Payable Prem
YLY 20880 783 21663
HLY 10551 396 10947
QLY 5331 200 5531
MLY 1777 67 1844
2nd year onwards
Premium S.Tax(1.875%) Payable Prem
YLY 20880 391 21271
HLY 10551 198 10749
QLY 5331 100 5431
MLY 1777 33 1810

Pay Rs.21271 every year for 22 yrs, and get a bulk

amount of Rs.1337500 at Age:55
Year Age Premium Natural Accidntl Returns Surrendr Loan

2017 30 21663 0 500000 0 0 0

2018 31 21271 0 500000 0 0 0
2019 32 21271 0 500000 0 30021 24016
2020 33 21271 0 500000 0 56870 45496
2021 34 21271 0 500000 0 71246 56996
2022 35 21271 0 500000 0 85746 68596
2023 36 21271 0 500000 0 100397 80317
2024 37 21271 0 500000 0 118248 94598
2025 38 21271 0 500000 0 137149 109719
2026 39 21271 0 500000 0 157165 125732
2027 40 21271 0 500000 0 178430 142744
2028 41 21271 0 500000 0 199060 159248
2029 42 21271 0 500000 0 220708 176566
2030 43 21271 0 500000 0 243482 194785
2031 44 21271 0 500000 0 269373 215498
2032 45 21271 0 500000 0 295323 236258
2033 46 21271 0 500000 0 322885 258308
2034 47 21271 0 500000 0 352243 281794
2035 48 21271 0 500000 0 384647 307717
2036 49 21271 0 500000 0 420037 336029
2037 50 21271 0 500000 0 459560 367648
2038 51 21271 0 500000 0 505071 404056
2039 52 0 0 500000 0 562038 449630
2040 53 0 0 500000 0 629786 503828
2041 54 0 0 500000 0 668840 535072
2042 55 0 0 0 1337500 0 0
0 0 468354 0 0 1337500 0 0
Lets claculate the Risk cover at Age 34

Natural Risk Cover:

10% of the Sum Assured is given every year from

Age:34-Age:54
50000*21=Rs.1050000

On maturity 110% of Sum Assured along with bonus is

given
Rs.1387500

1050000+1387500 = Rs.2437500

Accidental Risk Cover:

Double Accidental Benefit is given immediatelly at

Age:34 (Rs.500000)

10% of the Sum Assured is given every year from

Age:34-Age:54
50000*21=Rs.1050000

On maturity 110% of Sum Assured along with bonus is

given
Rs.1387500

500000+1050000+1387500 = Rs.2937500
 Accidental Risk Cover at Age:34

Year Age Premium Natural Accidntl Returns Surrendr Loan

2017 30 21663 0 500000 0 0 0

2018 31 21271 0 500000 0 0 0
2019 32 21271 0 500000 0 30021 24016
2020 33 21271 0 500000 0 56870 45496
2021 34 0 0 0 550000 71246 56996
2022 35 0 0 0 50000 85746 68596
2023 36 0 0 0 50000 100397 80317
2024 37 0 0 0 50000 118248 94598
2025 38 0 0 0 50000 137149 109719
2026 39 0 0 0 50000 157165 125732
2027 40 0 0 0 50000 178430 142744
2028 41 0 0 0 50000 199060 159248
2029 42 0 0 0 50000 220708 176566
2030 43 0 0 0 50000 243482 194785
2031 44 0 0 0 50000 269373 215498
2032 45 0 0 0 50000 295323 236258
2033 46 0 0 0 50000 322885 258308
2034 47 0 0 0 50000 352243 281794
2035 48 0 0 0 50000 384647 307717
2036 49 0 0 0 50000 420037 336029
2037 50 0 0 0 50000 459560 367648
2038 51 0 0 0 50000 505071 404056
2039 52 0 0 0 50000 562038 449630
2040 53 0 0 0 50000 629786 503828
2041 54 0 0 0 50000 668840 535072
2042 55 0 0 0 1387500 0 0
0 0 106747 0 0 2937500 0 0
You have to pay the premium for 22 yrs
(from Age:30 - Age:51)

If you take the payment mode as yly then you have

to pay Rs.21663 for the first year,from 2nd year
onwards Rs.21271

Totally you will pay Rs.468354

At Age:55 you will receive Rs.1337500

Natural Risk coverer is as explained above

If you close the policy you will receive the amount

as shown in the above table under Surrender
Column

You can take the loan as shown in the above table

under Loan Column

Medical Report: Not Applicable