These guys were so good, their schools couldn't wait for them, no matter what
an extra year of maturity might have provided.
Not exact matches
Their justifications parallel those
of college coaches: these parents believe that their children need that
extra year to develop the necessary skills and
maturity to succeed in kindergarten.
If the
maturity were in two
years, the coupons still provide 5.26 %, and the
extra 1000/950 is another 5.26 % over 2
years, or (approx) 2.6 % / yr compounded, for a total YTM
of 7.86 %.
* Death Sum Assured = 10 times
of the Annualized Premium (excluding
extra premium, GST and loading for modal factors, if any) or 105 %
of all the premiums paid (excluding GST and
extra premium, if any) as on the date
of death
of the Life Assured or Guaranteed
Maturity Benefit (For 10
years premium payment term = 10 X Annualized Premium # and for 15
years premium payment term = 15 X Annualized Premium #) or Absolute amount assured to be paid on death (for 10
years premium payment term = 11 X annualized premium rounded up to next Rs. 1000 and for 15
years premium payment term = 16 X annualized premium rounded up to next Rs. 1000), whichever is the highest.
Let us understand the plan with the example
of Mr. Ram Life Assured - Mr. Ram aged 35
years Plan Purchased - HDFC Life ProGrowth Plus (
extra life option) Policy Term - 30
years Annual Premium - Rs 30,000 Sum Assured - Rs 7,00,000 Scenario A -
Maturity Benefit: In case of his survival till maturity of the policy, the Total Fund Value as prevailing on the date of maturity is payable as a l
Maturity Benefit: In case
of his survival till
maturity of the policy, the Total Fund Value as prevailing on the date of maturity is payable as a l
maturity of the policy, the Total Fund Value as prevailing on the date
of maturity is payable as a l
maturity is payable as a lump sum.
Scenario A -
Maturity Benefit: In case of his survival till maturity of the policy, Loyalty Additions as 1 % of your fund value is made in form of extra allocation of units at the end of the 15th poli
Maturity Benefit: In case
of his survival till
maturity of the policy, Loyalty Additions as 1 % of your fund value is made in form of extra allocation of units at the end of the 15th poli
maturity of the policy, Loyalty Additions as 1 %
of your fund value is made in form
of extra allocation
of units at the end
of the 15th policy
year.
Death Sum Assured is highest
of 10 times
of Annual Premium OR 105 %
of all the premium (excluding taxes and
extra premiums, if any) paid as on date
of death, OR Minimum Guaranteed
Maturity Benefit, OR absolute amount assured to be paid on death (11 times the Annual Premium rounded up to the next «1000), where, Annual Premium refers to premium payable in a
year excluding any
extra premium, service tax and loading for modal factors, if any.
In the unfortunate case
of death
of the life insured at any time during the policy term
of 14
years, provided the policy is in force and all premiums have been paid in full, the beneficiary would be paid the death sum assured which would be the highest
of: Guaranteed Sum Assured on
maturity *, 10 times
of Annualised Premium, 105 %
of all premiums paid (including
extra premiums and modal loading), Basic Sum Assured (An absolute amount
of 10 times premium, including
extra premiums and modal loading) or Sum
of all Guaranteed Annual Payouts.
Return
of premium on policy
maturity is the arithmetic sum
of all premiums paid for 15
years minus the GST or any
extra premiums subject to policy being in force at the date
of maturity.
$ Death Sum Assured = 10 times the Annualised premium (where annualized Premium for the purpose
of death sum assured refers to premium payable in a
year excluding any
extra premium, service tax and loading for modal factors, if any) or Guaranteed
Maturity Benefit or Absolute amount assured to be paid on death (i.e. Basic Sum assured) or 105 %
of all premiums paid (excluding any
extra premium, and service tax, if any) as on date
of death, whichever is higher.