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Accounting Equation | Meaning Of Accounting Equation | What Is Accounting Equation? Meaning Of Accounting Equation Class 11th Accounts Chapter 5@PASSIONEDUCATE Accounting Equation Class 11Accounting Equation Cla...

Plan : Jeevan Umang (945)

Age :25
Term :74
P.P.T. :15
AD & DB : 500000
Death Sum Assured :500000
Basic Sum Assured :500000

1st year Premium With TAX 4.5% :
Yearly : 41327 (39547 + 1780)
Halfly : 20874 (19975 + 899)
Quarterly : 10542 (10088 + 454)
Monthly(ECS) : 3514 (3363 + 151)
YLY Mode Average Prem/Day : 113

After 1st year Premium With TAX 2.25% :
Yearly : 40437 (39547 + 890)
Halfly : 20424 (19975 + 449)
Quarterly : 10315 (10088 + 227)
Monthly(ECS) : 3439 (3363 + 76)
YLY Mode Average Prem/Day : 110

Total Approximate Paid Premium : 607445

Approximate Return yearly from age of 40 to 100 or till life assured survives. : 40000

Approximate Return at age of 100 on survival:
S.A. : 500000
Total Bonus : 4762500
Total Approximate Return at age of 100 on survival: 5262500

Above mentioned total bonus is taken as per corporation's benefit illustration scenario-2.

Plan : Jeevan Labh (936)

Age :21
Term :25
P.P.T. :16
D.A.B. : 200000
Death Sum Assured :200000
Basic Sum Assured :200000

1st year Premium With TAX 4.5% :
Yearly : 9693 (9276 + 417)
Halfly : 4895 (4684 + 211)
Quarterly : 2471 (2365 + 106)
Monthly(ECS) : 823 (788 + 35)
YLY Mode Average Prem/Day : 26

After 1st year Premium With TAX 2.25% :
Yearly : 9485 (9276 + 209)
Halfly : 4789 (4684 + 105)
Quarterly : 2418 (2365 + 53)
Monthly(ECS) : 806 (788 + 18)
YLY Mode Average Prem/Day : 25

Total Approximate Paid Premium : 151968

Approximate Return at Maturity Time :

S.A. : 200000
Bonus : 235000
F.A.B. : 90000
Total Approximate Return : 525000

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