The Whole Life Policy lic policy Reviews and details

The Whole Life Policy lic policy Reviews and details : The Whole Life Policy lic policy is designed to provide proper financial security to long life for the policy holder. It includes Bonuses and Assured amount at the 40 years of policy commencement or at the age of 80 years.this policy is very much suitable for all ages for life time financial protection and premature death. The age limit to get this policy is minimum 15 year and the Maximum 60 years maturity is 80 years. 

The Minimum insured amount would be Rs.50000/-  there is no maximum limit.  You can pay the premium  single,monthly, quarterly,half-yearly and yearly.paid up value will be  there is this policy if you are unable to pay the premium  after three years the assured amount will be reduced by exclusing the bonus not less than 250/-   In this situation the future bonuses will not be added to the policy but the declared bonuses will be attached  if the perimums are paid for 5 years. Loan facility is available for this policy.  If you want terminate is policy after 3 years you will be getting 30% of the paid premiums if it is single premium you will be getting the 90% of the paid premium.

 Illustration

Table No 2
Age at entry: 35 years 
Sum Assured: Rs.1,00,000/-
Premium Paying term: 45 years 
Mode of premium payment: Yearly 
Annual Premium: Rs.2917/-

End of year	Total premiums paid till end of year	Benefit payable on death / maturity at the end of year
		Guaranteed	Variable		Total
			Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	2917	100000	3900	10800	103900	110800
2	5834	100000	7800	21600	107800	121600
3	8751	100000	11700	32400	111700	132400
4	11668	100000	15600	43200	115600	143200
5	14585	100000	19500	54000	119500	154000
6	17502	100000	23400	64800	123400	164800
7	20419	100000	27300	75600	127300	175600
8	23336	100000	31200	86400	131200	186400
9	26253	100000	35100	97200	135100	197200
10	29170	100000	39000	108000	139000	208000
15	43755	100000	58500	162000	158500	262000
20	58340	100000	104000	288000	204000	388000
25	72925	100000	130000	360000	230000	460000
30	87510	100000	156000	432000	256000	532000
35	102095	100000	182000	504000	282000	604000
40	116680	100000	208000	576000	308000	676000
45	131265	100000	234000	648000	334000	748000