LIC Insurance

Example for jeevan labh
To,
Mr/Mrs/Ms : ABC

Plan : LIC's Jeevan Labh (836)

Age :35
Term :25
P.P.T. :16
D.A.B. : 1000000
Death Sum Assured :1000000
Basic Sum Assured :1000000

1st year Premium With TAX 3.625% :
Yearly : 47929 (46252 + 1677)
Halfly : 24210 (23363 + 847)
Quraterly : 12228 (11800 + 428)
Monthly(ECS) : 4076 (3933 + 143)
YLY Mode Average Prem/Day : 131

After 1st year Premium With TAX 1.81% :
Yearly : 47089 (46252 + 837)
Halfly : 23786 (23363 + 423)
Quarterly : 12014 (11800 + 214)
Monthly(ECS) : 4004 (3933 + 71)
YLY Mode Average Prem/Day : 129

Total Approximate Paid Premium : 754264

Approximate Return at Maturity Time :

S.A. : 1000000
Bonus : 1250000
F.A.B. : 450000
Total Approximate Return : 2700000