This is the right time for you to start thinking about her/his future,/studies.
SMART MONEY PLANNER- (Plan 2)
Save a little for her/him and invest for the next six years only, wait for another four years. you will start getting a lump sum every year for their studies for up to the next 10years. And on the 21st year, you will get back a huge amount of "maturity benefit".
Don't think that it is impossible.
It is possible.
This Plan is called "SMART MONEY PLANNER" from SBI Life.
Its' main features are
* Life cover provided throughout the policy period
* Entry age of the insured - from 18 and maximum age 55
* Just 6 years are the premium payment period
* after 4years waiting period regular income throughout the benefit payment period
* On maturity total benefit is sum assured + reversionary bonus+ terminal bonus
* Tax benefits as permissible by Income-tax Act.
A sample calculation for you is given below:
Suppose a 30year old gentleman proposed to remit a premium of Rs.1,60,0000.00 per year. Then :
Your total premium remitance
for 6years will be 1,60,000 X 6 = Rs.9,60,000.00
for 6years will be 1,60,000 X 6 = Rs.9,60,000.00
From 11th year onwards lump sum
refund will be :
11 1,00,000.00
12 1,00,000.00
13 1,00,000.00
14 1,00,000.00
15 1,00,000.00
16 1,00,000.00
17 1,00,000.00
18 1,00,000.00
19 1,00,000.00
20 1,00,000.00
12 1,00,000.00
13 1,00,000.00
14 1,00,000.00
15 1,00,000.00
16 1,00,000.00
17 1,00,000.00
18 1,00,000.00
19 1,00,000.00
20 1,00,000.00
Total refund Rs.10,00,000.00
Maturity value Rs.13,88,000.00
Total Amount Recieved Rs.23,88,000.00
Over and above, if the insured goes with an unfortunate event during the policy period, the nominee will get a death benefit of Rs16,00,000.00
Are you interested in the above plan? Interested to know more? call us:+91 9446586187
( All the above figures are near to Thousand and plus or minus errors are expected)
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