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3.rpli Manual Calculator

The document is a manual calculator for determining surrender value or maturity value for RPLI EA life insurance policies. It provides sample calculations for a policy with Rs. 10,000 sum assured over 14 years that has been paid for 123 months and is eligible for surrender. It also provides a sample calculation for a Rs. 15,000, 13-year policy that has matured after 156 months of premiums paid. The developer's contact information is provided at the bottom.

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243 views10 pages

3.rpli Manual Calculator

The document is a manual calculator for determining surrender value or maturity value for RPLI EA life insurance policies. It provides sample calculations for a policy with Rs. 10,000 sum assured over 14 years that has been paid for 123 months and is eligible for surrender. It also provides a sample calculation for a Rs. 15,000, 13-year policy that has matured after 156 months of premiums paid. The developer's contact information is provided at the bottom.

Uploaded by

shanku_biet
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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RPLI MANUAL CALCULATOR

(SURRENDER CUM LOAN & MATURITY)

Developed by…

B.VENKATESAN
PA,CPC,MELAKAVERI HO 612002
KUMBAKONAM DIVISION
TAMILNADU CIRCLE
Email: [email protected]
EA TYPE 50
SUM ASSURED 10000
TERM 14 PAID UP VALUE 7321.428571429
NO.OF MONTHS PAID 123
BONUS 4136.607143 NET SURRENDER VALUE 9476.00
SURRENDER FACTOR 0.827 9475.795535714
AVAILABLE LOAN 0.00

POLICY IS ELIGIBLE FOR SURRENDER !!!

PREMIUM PAID
FROM TO DATE OF SURRENDER REQUEST
3/1/2005 5/31/2015 8/13/2015

ACCEPTANCE YEAR 3/8/2005 D.O.B 7/1/1969


MATURITY YEAR 3/8/2019
5113
YEAR BONUS ACC.BONUS
1995-1996 60 0.00
1996-1997 50 0.00
1997-1998 50 0.00
1998-1999 50 0.00
1999-2000 50 0.00
2000-2001 50 0.00
2001-2002 50 0.00
2002-2003 50 0.00
2003-2004 55 0.00
2004-2005 55 402.68
2005-2006 55 402.68
2006-2007 55 402.68
2007-2008 50 366.07
2008-2009 50 366.07
2009-2010 50 366.07
2010-2011 50 366.07
2011-2012 50 366.07
2012-2013 50 366.07
2013-2014 50 366.07
2014-2015 50 366.07
BONUS FOR 2015-2016 50 0.00
0 2016-2017 0 0.00
0 2017-2018 0 0.00
0 2018-2019 0 0.00
0 2019-2020 0 0.00

*THIS CALCULATION IS FOR RPLI EA POLICIES ONLY.


*ENSURE CALCULATED AMOUNT YOURSELF.
*NO.OF MONTHS PAID FOR BONUS CALCULATION WILL AUTOMATICALLY COME UPTO 2019-2020 FINA
BEYOND THAT MONTHS MAY BE ENTERED MANUALLY AS PER RULES.

« CPC,MELAKAVERI 612002 »
VALUES TO BE ENTERED

RENDER REQUEST
TO 2019-2020 FINANCIAL YEAR ONLY.
SUM ASSURED 15000 MATURITY VALUE INCL. BONUS 25050
TERM 13 (-) UNPAID PREM.INCL.INT 0
NO.OF MONTHS PAID 156
BONUS 10050 NET AMOUNT PAYABLE 25050
TERMINAL BONUS 0
PREMIUM AMOUNT 98

POLICY IS ELIGIBLE FOR MATURITY !!!

PREMIUM PAID
FROM TO
9/1/2002 8/31/2015

ACCEPTANCE YEAR 9/1/2002


MATURITY YEAR 9/1/2015
4748
YEAR BONUS ACC.BONUS
1995-1996 60 0.00
1996-1997 50 0.00
1997-1998 50 0.00
1998-1999 50 0.00
1999-2000 50 0.00
2000-2001 50 0.00
2001-2002 50 0.00
2002-2003 50 750.00
2003-2004 55 825.00
2004-2005 55 825.00
2005-2006 55 825.00
2006-2007 55 825.00
2007-2008 50 750.00
2008-2009 50 750.00
2009-2010 50 750.00
2010-2011 50 750.00
2011-2012 50 750.00
2012-2013 50 750.00
2013-2014 50 750.00
2014-2015 50 750.00
BONUS FOR 2015-2016 50 0.00
0 2016-2017 0 0.00
0 2017-2018 0 0.00
0 2018-2019 0 0.00
0 2019-2020 0 0.00

*THIS CALCULATION IS FOR RPLI EA POLICIES ONLY.


*ENSURE CALCULATED AMOUNT YOURSELF.
* NO.OF MONTHS PAID FOR BONUS CALCULATION WILL AUTOMATICALLY COME UPTO 2019-2020 FINANC
BEYOND THAT MONTHS MAY BE ENTERED MANUALLY AS PER RULES.

« CPC,MELAKAVERI 612002 »
VALUES TO BE ENTERED
E UPTO 2019-2020 FINANCIAL YEAR ONLY.

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