Jeevan kishore
Example: Mr. Ram aged 35 years takes a Jeevan kishore policy for his 3 years old son master Rinku for S.A. 2 lac to be matured at the age of 22 of his son.
He also opts for premium waiver benefit.Life risk will commenced from the policy anniversary after completion of 7 yrs. Of Rinku’s age.
On maturity master Rinku will get Rs.3,89,000+FAB , if any (2 lac S.A. +Bonus as per bonus rates of 2005 i.e. Rs.45 per 1000 .S.A. per annum 45 x 200 x 21 = 1,89,000 + FAB if any).In case of master sunny dies at the age of 12 after commencement of risk cover, then the nominee will get 2,81,000 (2 lac S.A. + Bonus i.e. 45 x 200 x 9 = 81,000).On attaining the age of 18 master Rinku’s has the option to opt for accident benefit by paying Re. 1 extra per thousand S.A
9986184653
No comments:
Post a Comment