New Bima Gold (T. No.179)
Example: Mr. John, aged 30 years opts for New Bima Gold (T. No.179) for 2 Lakh S.A, paying an annual premium of Rs.7363/- for 20 years period.
He receives Rs.20,000 each at the end of 4,8,12 and 16 years.
On maturity the net amount payable will be total premium paid _ paid up survival benefit + loyalty addition, if any
i.e. 7363 x 20 - 20,000 x 4 = 1,47,260 + loyalty addition,
if any, he will also enjoy the extended term of 10 years
i.e. the term will be 20+10 = 30 years.
But if Mr. John dies after 12 years, his nominee will receive Rs.2lac without deducting the survival benefit paid to Mr. John
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