SCHOLAR - SUM ASSURED 1 LAC...

Scholar

	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