Professional Documents
Culture Documents
Mr. Sharma is 40 old and works in a MNC. He wants an additional regular monthly income to meet his sons future needs. Step 1: Mr. Sharma decided that he needs a monthly income of Rs. 6,500 Step 2: He opts for an 11 year policy term Step 3: The premium for his policy comes out to be Rs. 68,952 payable for 11 years
Survival Benefits
Investment
Death In case of uncertain event customer gets Investment + return so the future needs that he was targeting might not get accomplished
Death Benefits
If this amount would have been invested in any other investment product Mr. Sharma would have got his investment + returns back here in GMIP Mr. Sharma is at peace regarding his childs future needs as he gets His targeted income for his Childs future is safe and secured even if he is there or he is not there. In case of uncertain event his immediate needs are taken care as Guaranteed income starts immediately
Step 1: Mr. Pradeep decided that he needs to gift his parents a monthly income of Rs. 5,500
Step 2: He opts for an 6 year policy term Step 3: The premium for his policy comes out to be Rs. 124,404 payable for 6 years
Survival Benefits
Death Benefit
This is one such gift which will provide monetary benefits to clients in his retirement days and prove to be the best gift from their Child.
Benefit 1: Income received from this policy is non taxable as against all other retirement benefits.
Benefit 2: Even if something happens to his father, mother will start getting the policy benefits immediately hence she will not be dependent on anyone
Sum Assured
Premium Payment Mode