www.buyacover.com - Children's Deferred Endowment Assurance Plan - Benefits

Children's Deferred Endowment Assurance Plan
Benefit Illustration:

Statutory warning:
“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on ife insurance business. If your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.”

Illustration 1

Age at entry	10 years
Policy Term	25 Years Deferment period: 11 years
Premium Paying Term	25 Years
Mode of premium payment	Yearly
Sum Assured	Rs. 1,00,000 /-
Annual Premium	Rs. 2673 /-

End of year	Total premiums paid till end of year	Benefit payable on death / maturity at the end of year
		Guaranteed	Variable		Total
		Guaranteed	Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	2673	2673	-	-	2673	2673
2	5346	5346	-	-	5346	5346
3	8018	8018	-	-	8018	8018
4	10691	10691	-	-	10691	10691
5	13364	13364	-	-	13364	13364
6	16037	16037	-	-	16037	16037
7	18709	18709	-	-	18709	18709
8	21382	21382	-	-	21382	21382
9	24055	24055	-	-	24055	24055
10	26728	26728	-	-	26728	26728
12	2073	100000	2100	5500	102100	105500
15	40092	100000	8400	22000	108400	122000
20	53456	100000	18900	49500	118900	149500
25	66819	100000	46400	122000	146400	222000

Note: The proposer will have the option to take a cash payment of Rs.39,890/- on the Deferred Date on cancellation of the policy contract entirely.

Illustration 2

Age at entry	10 years
Policy Term	25 Years Deferment period: 8 years
Premium Paying Term	25 Years
Mode of premium payment	Yearly
Sum Assured	Rs. 1,00,000 /-
Annual Premium	Rs. 2924 /-

End of year	Total premiums paid till end of year	Benefit payable on death / maturity at the end of year
		Guaranteed	Variable		Total
		Guaranteed	Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	2924	2924	-	-	2924	2924
2	5848	5848	-	-	5848	5848
3	8772	8772	-	-	8772	8772
4	11696	11696	-	-	11696	11696
5	14620	14620	-	-	14620	14620
6	17544	17544	-	-	17544	17544
7	20468	20468	-	-	20468	20468
8	23392	23392	-	-	23392	23392
9	26316	100000	2100	5500	102100	105500
10	29240	100000	4200	11000	104200	111000
12	35087	100000	8400	22000	108400	122000
15	43859	100000	14700	38500	114700	138500
20	58479	100000	25200	66000	125200	166000
25	73099	100000	46700	124500	146700	224500