Hi All,
I have New Jeevan Shree Policy type 151/25 of SA Rs. 500,000
I enjoy paid premiums of Rs. 31249/- p.a. + Interest since January 2003
I hold paid Rs. 187494/- till date which is due of 31249/-
My Loan Status is solely
DOC 28/01/2003
Plan 151
Term 25
Paid Up Value 1,25, 000.00
Accrued Bonus 0.00
Surrender Value 91400
Accrued Bonus : 210,000
I request you to send me the scenario in which
If I verbs with the Policy How Much will I catch??
If I surrender How Much will I get??,If I invest within PPF? + term Insurance of 500,000
I am not sure almost the Maturity Numbers of this and I pay just 16 Premiums of this Policy rather 25 premiums.
I would be notably obliged if u can dispatch me the worksheet of the numbers u calculate base on scenarios.
Thanking You,
Murtaza Tarwadi
Answers: You should enjoy approached the office itself or a financial consultant or the agent himself.
The clear answer to you is:
Your policy is for 25 years and premium for 16 years you are seeking a benefit surrounded by the 5th year. So the value of your policy is 5/16 except 5/25.
This value is also payable after 25 years if you opt to stop the premium now. Your loan is nought but the value of 1.25 lakhs payable after 25 years demanded contained by 5th year. Again it is 5/25. Bonus will be added after 5 years of payment.
Suggestions:
1) verbs the policy for the sake of risk coverage and long term returns.
2) If you look for short permanent status gains, dance for Unit linked policies
3) Even if you want to surrender, try after more than partly the duration or 3/4th of the term and see the difference.
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I have New Jeevan Shree Policy type 151/25 of SA Rs. 500,000
I enjoy paid premiums of Rs. 31249/- p.a. + Interest since January 2003
I hold paid Rs. 187494/- till date which is due of 31249/-
My Loan Status is solely
DOC 28/01/2003
Plan 151
Term 25
Paid Up Value 1,25, 000.00
Accrued Bonus 0.00
Surrender Value 91400
Accrued Bonus : 210,000
I request you to send me the scenario in which
If I verbs with the Policy How Much will I catch??
If I surrender How Much will I get??,If I invest within PPF? + term Insurance of 500,000
I am not sure almost the Maturity Numbers of this and I pay just 16 Premiums of this Policy rather 25 premiums.
I would be notably obliged if u can dispatch me the worksheet of the numbers u calculate base on scenarios.
Thanking You,
Murtaza Tarwadi
My partner is going away on a stag weekend any concept for insurance that covers this?
Answers: You should enjoy approached the office itself or a financial consultant or the agent himself.
The clear answer to you is:
Your policy is for 25 years and premium for 16 years you are seeking a benefit surrounded by the 5th year. So the value of your policy is 5/16 except 5/25.
This value is also payable after 25 years if you opt to stop the premium now. Your loan is nought but the value of 1.25 lakhs payable after 25 years demanded contained by 5th year. Again it is 5/25. Bonus will be added after 5 years of payment.
Suggestions:
1) verbs the policy for the sake of risk coverage and long term returns.
2) If you look for short permanent status gains, dance for Unit linked policies
3) Even if you want to surrender, try after more than partly the duration or 3/4th of the term and see the difference.
Resolved Questions: