MMIP - Sales Illustration

Inputs
Name RADHA RAMAN AG
Age Last Birthday 42
Term 30
Monthly Income 2,000
Mode Annual
Gender Male
ADB Rider No
Location Other than J & K
es Illustration

Output
Base Sum Assured 360,000
ADB Sum Assured -
PPT 15
Rider Term
Base Premium Rate 164.21
Rider Premium Rate -

Modal Base Premium 15,400

Modal Rider Premium -

Service Tax on Base Premium 159

Service Tax on Rider Premium -

Total Base Premium 15,559

Total Rider Premium -

Total Modal Premium 15,559 Customer needs to pay

 MMIP - Sales Illustration

Model Annual
S.No Age Premium Charges % Inv. Amount Return Fund value Pension
1 43 15559 5% 14781.05 3695.26 17737.26 -
2 44 15559 2% 15247.82 8246.27 39582.096 -
3 45 15559 2% 15247.82 13707.48 65795.8992 -
4 46 15559 2% 15247.82 20260.93 97252.46304 -
5 47 15559 2% 15247.82 28125.07 135000.3396 -
6 48 15559 2% 15247.82 37562.04 180297.7916 -
7 49 15559 2% 15247.82 48886.40 234654.7339 -
8 50 15559 2% 15247.82 62475.64 299883.0647 -
9 51 15559 2% 15247.82 78782.72 378157.0616 -
10 52 15559 2% 15247.82 98351.22 472085.8579 -
11 53 15559 0% 15559 121911.21 585173.8295 -
12 54 15559 0% 15559 150183.21 720879.3954 -

13 55 15559 0% 15559 184109.60 883726.0745 -

14 56 15559 0% 15559 224821.27 1079142.089 -
15 57 15559 0% 15559 273675.27 1313641.307 -
16 58 - 1295405.183 280964.386
17 59 - 1273521.833 280964.386
18 60 - 1247261.814 280964.386
19 61 - 1215749.791 280964.386
20 62 - 1177935.363 280964.386
21 63 - 1132558.049 280964.386
22 64 - 1078105.273 280964.386
23 65 - 1012761.942 280964.386
24 66 - 934349.9444 280964.386
25 67 - 840255.5473 280964.386
26 68 - 727342.2707 280964.386
27 69 - 591846.3389 280964.386
28 70 - 429251.2206 280964.386
29 71 - 234137.0788 280964.386
30 72 - 0.108533119 280964.386

The policyrisk cover will continue until the policy fund is sufficient to cover the charges as above.
# Only 3 Yrs. Lock Period. (Partial or Full Withdrawal after 3 Yrs.)
# Life Insurance cover inbuilt for both normal & accidental death.
# Income Tax Rebate u/s 80C. And Maturity amount totally Tax Free u/s 10(10D).
# Insurance is the subject matter of solicitation.
# Return Percentage are projected depending on past performance.
COVERAGE
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
Monthly
360000 23413.7
Income
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000
360000