Monday, December 20, 2010

NAME OF THE POLICY : SHIELD - 20 LACS SUM ASSURED

Shield

 ABCDEFGHI
1         
2 SBI Life - Shield.       
3         
4 Name of the Proposersandamourty  Risk CoverS A (Rs.)Term (Yrs)
5 Date of BirthDD/MM/YY5/28/80  Basic S A200000020
6 Age 30  Accident Rider5000020
7 Gender Male  Premium Waiver500000
8 Mode of Payment Monthly     
9 Policy OptionSA increase by 50% every 5 years. 1st Cheque to be Collected for Rs.:  2466.00
10         
11 Risk Covered FeaturesAge at MaturityAmountPolicy Term   PremiumPremium - per '000  
12 Basic Sum Assured50200000020711.774.53  
13 Accident Raider 50000204.171.00  
14 Premium Waiver 50000014.1619.90  
15 Service Tax @ 12.36%   91.00   
16 TotalPremium payable (rounded off) perMonth822.00   
17 0       
18         
19         
20 Basic SA at the begning of the term in the year 2010 : -  Rs. 20 lacs.
21 Basic SA at the end of the term in the year 2030 : - Rs. 50 lacs which has increased by 50% for every 5 years of the term.
22         
23 Product Features       
24 A Pure Term Policy with 3 options to choose from - Level Cover, 5% SA increase every year and 50% SA increase every 5 years       
25 The premium paid is constant in all the above options irrespective of increase in sum assured over the years for 2nd and 3rd options.       
26 No Survival benefit payable. Only Death Benefit payable.       
27 Policy term is between 5 - 25 years       
28 Accident Rider and Premium Waiver Rider available.       
29 Tax benefit u/s 88 of IT Act for premium paid       
30 Special rebate for female proposers as well as on premium payment mode and high value sum assured       
31         
32 Death Benefits - The nominee would be paid basic sum assured / increasing sum assured as the case may be.       
33         
34         
35 Aforesaid figures are only indicate & subject to Financial Market Conditions. SBI Life Insurance Co. Ltd. reserves its rights to change the       
36 same without any prior intimation to proposer, benificiery child / ward, appointee or whoever is concerned with the proposal in       
37 whatsoever manner.       
38         
39         
40         
41         
42         
43         
44         
45         
46         
47         
48         
49         
50         
51         
52         
53         
54         
55         
56         
57         
58         

No comments:

Post a Comment