Amrit Baal
( Plan No: 874)
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Plan presentation customised for...
Master. Ira mohan
Age: 4 (13/02/2020)
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Sum Assured : 200000 Premium Waiver Benefit Rider : 200000
Term : 18 years.
Premium payment : 7 years.
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LIC's AmritBaal plan is an innovative financial solution designed to secure your
child's future, offering flexible premium payment terms of 5 to 7 years and a
minimum policy duration of 10 years.
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Tailored to mature when your child is between 18 and 25 years old, it provides a
timely financial foundation for important milestones like education or career start-up.
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This plan stands as an optimal choice for parents aiming to build a robust financial
safety net, ensuring their children's dreams have the support they need to flourish.
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How the plan works...
Master. Ira mohan pays an annual premium of Rs 34279 for 7 years.
Maturity amount (SA+Guaranteed Additions) is paid at the
end of the policy term of 18 years.
Maturity amount payable on completion of 18 years shall be Rs.488000.
Settlement option helps to get the maturity amount in installments.
Rs. 16000 shall be added to the policy account every year
as Guaranteed Additions through out the term.
Tax Benefit on premium(80C) and maturity10(10D) subject to conditions.
Premium Chart
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First Year Premium Subsequent Year Premiums
Mode Basic GST @ Total Mode Basic GST @ Total
Premium 4.5% Premium Premium 2.25% Premium
Yearly 32803 1476 34279 Yearly 32803 738 33541
Half 16697 751 17448 Half 16697 376 17073
Yearly Yearly
Quarterly 8424 379 8803 Quarterly 8424 190 8614
Monthly 2824 127 2951 Monthly 2824 64 2888
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Benefits Amount
Sum Assured 2,00,000
Guaranteed Additions: (16000 X 18) 2,88,000
Guaranteed maturity benefit after 18 years: 4,88,000
Total Premium Paid 2,35,525
Settlement benefit Settlement Amount
Settlement amount available on age 22: 107037
Settlement amount available on age 23: 107037
Settlement amount available on age 24: 107037
Settlement amount available on age 25: 107037
Settlement amount available on age 26: 107037
Total settlement amount paid in 5 years: 535185
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Age Yearly Guaranteed Normal Loan Returns
Premium Addtions Coverage
4 34279 16000 32803 0 0
5 33541 32000 65606 0 0
6 33541 48000 277621 42120 0
7 33541 64000 293621 80229 0
8 33541 80000 309621 100286 0
9 33541 96000 325621 120343 0
10 33541 112000 341621 140400 0
11 0 128000 357621 156456 0
12 0 144000 373621 173376 0
13 0 160000 389621 191160 0
14 0 176000 405621 209808 0
15 0 192000 421621 229320 0
Age Yearly Guaranteed Normal Loan Returns
Premium Addtions Coverage
16 0 208000 437621 249696 0
17 0 224000 453621 270936 0
18 0 240000 469621 293040 0
19 0 256000 485621 316008 0
20 0 272000 501621 382320 0
21 0 288000 517621 395280 0
22 0 288000 0 0 107037
23 0 288000 0 0 107037
24 0 288000 0 0 107037
25 0 288000 0 0 107037
26 0 288000 0 0 107037
Total Premium 235525 Total Returns 535185
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Plan presentation prepared by:
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vittal Prasad
advisor
Mayflower grande D 304, nacharam
E-Mail :
[email protected] Mobile : 9849491118
