| A | B | C | D | E | F | G | H | I | J |
1 | | SBI Life - Scholar II. | | | | | | | | |
2 | | | | | | | | | | |
3 | | Name of the Proposer | | | | Risk Cover | S A (Rs.) | Prem.Term(Yrs) | |
4 | | Date of Birth of Proposer | | DD/MM/YY | 6/14/63 | | Basic S A | 100000 | 11 | |
5 | | Gender of the Proposer | | Female | | Accident Rider | 100000 | 11 | |
6 | | Name of the Child | | | | Critical Illness | | 0 | |
7 | | Date of Birth of Child | | DD/MM/YY | 5/27/03 | | Premium Waiver | 100000 | 11 | |
8 | | Mode of Payment | | | Yearly | | Premium Payment (Yrs) | | 11 | |
9 | | Age of the Proposer | | | 47 | | Proposer's Life Covered (Yrs) | | 14 | |
10 | | Age of the Child | | | 7 | | | | | |
11 | | | | | | | 1st Cheque to be preapred for: | | 10679.00 | |
12 | | Risk Covered Features | | Age at Maturity | Amount | Policy Term | Premium | Premium - per '000 | | |
13 | | Basic Sum Assured | | 61 | 100000 | 14 | 9989.57 | 108.49 | | |
14 | | Accident Rider | | | 100000 | 14 | 100.00 | 1.00 | | |
15 | | Critical Illness Rider | | | 0 | 0 | 0.00 | 0.00 | | |
16 | | Premium Waiver Rider | | | 100000 | 14 | 480.00 | 48.00 | | |
17 | | Service Tax @ 1.03% | | | | 109.00 | | | |
18 | | Total | Premium payable per | Year | 10679.00 | | | |
19 | | | | | | | | | | |
20 | | Total Bonus @ | 5 | % (For illustrative purpose only - Not Guaranteed) | | | | | | |
21 | | Illustration of Maturity Values | |
22 | | Term (Years) | Year | Proposer's Age | Child's Age | Maturity Value Calculation | Amount | |
23 | | Basic SA | Vested Bonus | Maturity Value | Receivable | |
24 | | Zero | 2010 | 47 | 7 | 0 | 0 | 0 | | |
25 | | 1 | 2011 | 48 | 8 | 100000 | 5000 | 105000 | 0 | |
26 | | 2 | 2012 | 49 | 9 | 100000 | 5000 | 105000 | 0 | |
27 | | 3 | 2013 | 50 | 10 | 100000 | 5000 | 105000 | 0 | |
28 | | 4 | 2014 | 51 | 11 | 100000 | 5000 | 105000 | 0 | |
29 | | 5 | 2015 | 52 | 12 | 100000 | 5000 | 105000 | 0 | |
30 | | 6 | 2016 | 53 | 13 | 100000 | 5000 | 105000 | 0 | |
31 | | 7 | 2017 | 54 | 14 | 100000 | 5000 | 105000 | 0 | |
32 | | 8 | 2018 | 55 | 15 | 100000 | 5000 | 105000 | 0 | |
33 | | 9 | 2019 | 56 | 16 | 100000 | 5000 | 105000 | 0 | |
34 | | 10 | 2020 | 57 | 17 | 100000 | 5000 | 105000 | 0 | |
35 | | 11 | 2021 | 58 | 18 | 100000 | 5000 | 105000 | 25000 | |
36 | | 12 | 2022 | 59 | 19 | 100000 | 5000 | 105000 | 25000 | |
37 | | 13 | 2023 | 60 | 20 | 100000 | 5000 | 105000 | 25000 | |
38 | | 14 | 2024 | 61 | 21 | 100000 | 5000 | 105000 | 25000 | |
39 | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
40 | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
41 | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
42 | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
43 | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
44 | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
45 | | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
46 | | | | | | | | | | |
47 | | Non Gauranteed Vested Bonus payabe at the end of the term of the policy at : | | | | | 5.00% | | 70000 | |
48 | | | | | | | | | 170000 | |
49 | | | | | | | | | | |
50 | | Total Bonus @ 5% returns is Rs. 70000, which would be paid along with the last instalment of Rs. 25000 in the year 2024 | | | | | | | | |
51 | | | | | | | | | | |
52 | | | | | | | | | | |
53 | | | | | | | | | | |
54 | | Product Features | | | | | | | | |
55 | | A life insurance policy (endowment product) that secures the childs's future. No matter what. | | | | | | | | |
56 | | The policy provides risk cover for the parent plus provision for educational / marriage requirements of the child. | | | | | | | | |
57 | | Option of 3 Riders - Accident & Accident TPD, Premium Waiver benefit and Critical Illness. | | | | | | | | |
58 | | The proposer's life is covered till the last instalment of repayment is made and not just till the last premium payment year. | | | | | | | | |
59 | | Tax Free Maturity Benefit for regular premium mode. Tax benefit u/s 88 of IT Act. | | | | | | | | |
60 | | An amount equal to SA woule be paid to the life assured in four equal instalments when child completes 18/19/20/21 years of age | | | | | | | | |
61 | | The vested bonus would be paid to the life assured alsong with the last instalment of SA | | | | | | | | |
62 | | Special rebate for female proposers as well as on premium payment mode and high value sum assured | | | | | | | | |
63 | | Death Benefits - The nominee would be paid Sum Assured (SA) along with the vested bonus upto the date of death. All future | | | | | | | | |
64 | | premiums waived. In addition to the above, 25% of the SA on the policy Anniversary after the beneficiary child | | | | | | | | |
65 | | completes 18/19/20/21 years of age | | | | | | | | |
66 | | | | | | | | | | |
67 | | Aforesaid figures are only indicate & subject to Financial Market Conditions. SBI Life Insurance Co. Ltd. reserves its rights to change | | | | | | | | |
68 | | the same without any prior intimation to proposer, benificiery child / ward, appointee or whoever is concerned with the proposal in | | | | | | | | |
69 | | whatsoever manner. | | | | | | | | |
70 | | | | | | |