lic jeevan ankur never invested
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LIC JEEVAN ANKUR NEVER INVESTEDTRANSCRIPT
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LIC JEEVAN ANKUR A PATHETIC PLAN
1. Product Number : 807
Product Name : Jeevan Ankur
Illustration 2
Age at entry: 35 years
Policy term: 10 years
Mode of premium payment: Yearly
Amount of annual premium: Rs.9055/- *
Sum Assured: Rs. 100,000/-
End
of
Year
Total
Premiums
Paid Till
End Of
Year
Amount
Payable
on
Death
during
the
Year **
Amount payable on Maturity at the end of year
Guaranteed
Variable Total
Scenario
1
Scenario
2
Scenario
1
Scenario
2
1 9055 100000 0 0 0 0 0
2 18110 100000 0 0 0 0 0
3 27165 100000 0 0 0 0 0
4 36220 100000 0 0 0 0 0
5 45275 100000 0 0 0 0 0
6 54330 100000 0 0 0 0 0
7 63385 100000 0 0 0 0 0
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* Note:- The annual premium shown above is exclusive of Service Tax.
** In addition to Basic Sum Assured an amount equal to 10% of the Basic Sum Assured
(referred to as “Income Benefit”) shall be payable on each policy anniversary, from the
policy anniversary coinciding with or next following the date of death of Life Assured, till the
end of policy term to the nominee.
Total Premium pay as per LIC illustration 2 Rs.91908/- ( S.T.INCLUSIVE ) AND AS PER 6@
ILLUSRTATION GUREENTED AMOUNT IS RS.1,00,000/- THE REURN IN IRR CALCULATING IS
1.53% ONLY If you add the loyalty addition of Rs.10000/- ( not guaranteed ) then total
amount is Rs.110000/- means in IRR CALCULATOR return is 3.24% only .If you cover
insurance of Rs.100000/-then mortality charges as per mortality rate is Rs.8415/-
2. Product Number : 807
Product Name : Jeevan Ankur
Illustration 4
Age at entry: 35 years
Policy term: 10 years
Mode of premium payment: Single
Amount of annual premium: Rs.62565/- *
Sum Assured: Rs. 100,000/-
8 72440 100000 0 0 0 0 0
9 81495 100000 0 0 0 0 0
10 90550 100000 100000 0 20000 100000 120000
End
of
Year
Total
Premiums
Paid Till
End Of
Year
Amount
Payable
on
Death
during
the
Year **
Amount payable on Maturity at the end of year
Guaranteed
Variable Total
Scenario
1
Scenario
2
Scenario
1
Scenario
2
1 62565 100000 0 0 0 0 0
2 62565 100000 0 0 0 0 0
3 62565 100000 0 0 0 0 0
4 62565 100000 0 0 0 0 0
5 62565 100000 0 0 0 0 0
6 62565 100000 0 0 0 0 0
7 62565 100000 0 0 0 0 0
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* Note:- The single premium shown above is exclusive of Service Tax.
** In addition to Basic Sum Assured an amount equal to 10% of the Basic Sum Assured
(referred to as “Income Benefit”) shall be payable on each policy anniversary, from the
policy anniversary coinciding with or next following the date of death of Life Assured, till the
end of policy term to the nominee.
For 1 time premium as per LIC TABLE Rs 62565/- ( S.TAX EXTRA )
After 10 years will receive 1 lakh only (which is also non guaranteed as return in Notes )
3. Product Number : 807
Product Name : Jeevan Ankur
Rs. 46,245.00/- p.a. if you total premiumRs.786185/- ( S.T.EXTRA ) pay for 17 years then
you can get 10,00,000/- for child education as per 6% AS PER LIC table coz of tradition plan
Notes :
i) This illustration is applicable to a standard (from medical, life style and occupation point of
view) life.
ii) The non-guaranteed benefits (1) and (2) in above illustration are calculated so that they
are consistent with the Projected Investment Rate of Return assumption of 6%
p.a.(Scenario 1) and 10% p.a. (Scenario 2) respectively. In other words, in preparing this
benefit illustration, it is assumed that the Projected Investment Rate of Return that LIC will
be able to earn throughout the term of the policy will be 6% p.a. or 10% p.a., as the case
may be. The Projected Investment Rate of Return is not guaranteed.
iii) The main objective of the illustration is that the client is able to appreciate the features
of the product and the flow of benefits in different circumstances with some level of
quantification.
Actual cost of Child Education with Today’s Cost of Education
Child Age 0 year Faculty Indian Education
Fees
Overseas Edu. Fees
BBA 2 LAKH 5 LAKH
MBA 4 LAKH 10 LAKH
ENGG. 6 LAKH 15 LAKH
MEDICAL 40 LAKH 1 CRORE
8 62565 100000 0 0 0 0 0
9 62565 100000 0 0 0 0 0
10 62565 100000 100000 0 36000 100000 136000
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After 17 years Required with min. 6% Inflation
Child At 17 Years Faculty Indian Education
Fees
Overseas Edu. Fees
BBA 5 LAKH 13.50 LAKH
MBA 10 LAKH 27 LAKH
ENGG. 16 LAKH 40 LAKH
MEDICAL 1 CRORE 2.70 CRORE
Is there any sense for buy this plan for return in IRR of 1.53% only
If our Investment is more then 6% then our investment should be more then that and also
without any charges we already published a lots of article that insurance is never become a
god investment due to heavy charges and others.
So Hire a Good Independent Financial Planner who is really independent not belongs to any
company for good knowledge and create good wealth according to your Goals..
We will not recommended you to invest in LIC JEEVAN ANKUR
Investment Solution to : Individual, Corporate, HNI, Trust,NRI, HUF etc...
Write Us your Query for any kind of Investment to [email protected] or
Expert Advice :
Financial Literacy and Knowledge Coaching
Personal Financial Planning,
Comprehensive Financial Planning
Financial Health check up,
Net worth Analysis,
Asset Allocation strategy,
Cash flow Planning,
Budget Planning,
Tax Planning,
Emergency Fund Planning,
Insurance Planning,
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Health Insurance Planning,
Child Future / Retirement Planning,
Other Financial Goals,
Emergency Fund Planning,
Risk Analysis ( Investment ),
Investment Review,
Investment Planning,
Estate Planning,
Debt Advisory,
Insurance Policy Analysis
Note : Meeting priority to appt. only
For Further Details kindly Contact :
Thanks And Regards,
Kirang Gandhi
Independent Financial Planner
www.fpindia.in
www.kgandhi.anindia.in
M-9028142155,9271267305