A Single premium of 8945 provides cover of 5 lakhs for 10 years.
A Single premium of 17890 provides cover of 10 lakhs for 10 years.
A Single premium of 42,225 provides cover of 25 lakhs for 10 years.
Consider this policy if you would like to have maximum cover at minimum premium. You can grab this insurance by paying a single premium.
Suppose your age is 30 years. In next 5 years you plan to invest 50,000 per year. You can buy a cover of 5 lakhs for 25 years by paying a single premium of 24,975. Buy this cover for 5 years. This will give you a cumulative cover of 25 lakhs for 20 years. And 25000 you can invest every year in Mutual fund, SIP, PPF, Recurring deposit. This should give you maximum returns.
| Anmol Jeevan | ||
|---|---|---|
| Year | Premium | Cover |
| 1-Jun-08 | 25000 | 500000 |
| 1-Jun-09 | 25000 | 1000000 |
| 1-Jun-10 | 25000 | 1500000 |
| 1-Jun-11 | 25000 | 2000000 |
| 1-Jun-12 | 25000 | 2500000 |
| 1-Jun-13 | 0 | 2500000 |
| 1-Jun-14 | 0 | 2500000 |
| 1-Jun-15 | 0 | 2500000 |
| 1-Jun-16 | 0 | 2500000 |
| 1-Jun-17 | 0 | 2500000 |
| 1-Jun-18 | 0 | 2500000 |
| 1-Jun-19 | 0 | 2500000 |
| 1-Jun-20 | 0 | 2500000 |
| 1-Jun-21 | 0 | 2500000 |
| 1-Jun-22 | 0 | 2500000 |
| 1-Jun-23 | 0 | 2500000 |
| 1-Jun-24 | 0 | 2500000 |
| 1-Jun-25 | 0 | 2500000 |
| 1-Jun-26 | 0 | 2500000 |
| 1-Jun-27 | 0 | 2500000 |
| 1-Jun-28 | 0 | 2500000 |
| 1-Jun-29 | 0 | 2500000 |
| 1-Jun-30 | 0 | 2500000 |
| 1-Jun-31 | 0 | 2500000 |
| 1-Jun-32 | 0 | 2500000 |
| 1-Jun-33 | 0 | 2000000 |
| 1-Jun-34 | 0 | 1500000 |
| 1-Jun-35 | 0 | 1000000 |
| 1-Jun-36 | 0 | 500000 |
And if you deposit 2000 per month for 25 years, at a interest rate of 9%, the maturity value will be around 25 lakhs or more.
References
LIC Policy Plans
LIC Poliy, Anmol Jeevan - I
Premium Calculator
Deposit Calculator
EMI Calculator
SBI Deposit rates
Money control
Value Search Online
Also you can try this:
ReplyDeleteProduct Number : 190
Product Name : Amulya Jeevan