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For a policy of Sum Assured of Rs. 10,000 at age of 35 years with a term of 15 years, the annual premium comes to Rs. 542. We give below the benefit payable on death and maturity:
| Year |
Age |
Annual
Premium
(Rs.) |
Death Benefit Guaranteed
(Rs.) |
| 1 |
35 |
542 |
10,000 |
| 2 |
36 |
542 |
10,000 |
| 3 |
37 |
542 |
10,000 |
| 4 |
38 |
542 |
10,000 |
| 5 |
39 |
542 |
10,000 |
| 6 |
40 |
542 |
10,000 |
| 7 |
41 |
542 |
10,000 |
| 8 |
42 |
542 |
10,000 |
| 9 |
43 |
542 |
10,000 |
| 10 |
44 |
542 |
10,000 |
| 11 |
45 |
542 |
10,000 |
| 12 |
46 |
542 |
10,000 |
| 13 |
47 |
542 |
10,000 |
| 14 |
48 |
542 |
10,000 |
| 15 |
49 |
542 |
10,000 |
| Maturity Benefit |
|
6% p.a. |
10% p.a. |
| Guaranteed |
10,000 |
10,000 |
| Non-Guaranteed |
0 |
0 |
| Total |
10,000 |
10,000 |
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