Elite Builder
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1. The document presents information on an insurance policy called Elite Builder, including projected cashback amounts, guaranteed sums, total premiums paid, and returns on investment. 2. It shows the cashback and sum assured amounts projected to be received each year over the 30 year term of the policy. The total cashback is projected to be Rs. 66,750 and total guaranteed sum is Rs. 52,000 over the term. 3. Two payment options are presented - Option 1 with a 12 year payment term and Option 3 with an 8 year payment term. The total cash received is projected to be Rs. 309,293 under Option 1 and Rs. 429,051 under Option 3.
Elite Builder
- 1. ELITE BUILDER Age : 31 Sum Assured: 50,000 Term : 30 Payment : 8 years Option 1 Option 3 Total Cummulative premium paid of CB & SB @ Policy SB at begin of 5% compound Year Age NB CB (Projected) (Guaranteed) Total CB & SB Year interest Withdraw 1 32 - - 15,591 0 8,027 2 33 3,000 - 3,000 31,182 3,000 19,292 3 34 1,500 - 1,500 46,773 4,650 33,620 4 35 1,750 - 1,750 62,364 6,633 48,736 5 36 1,750 - 1,750 77,955 8,714 65,598 6 37 1,750 - 1,750 93,546 10,900 83,986 7 38 2,000 - 2,000 109,137 13,445 103,471 8 39 2,500 2,000 4,500 124,728 18,617 124,162 9 40 2,500 2,000 4,500 124,728 24,048 131,747 10 41 2,500 4,000 6,500 124,728 31,750 139,742 11 42 2,500 2,000 4,500 124,728 37,838 148,157 12 43 2,500 2,000 4,500 124,728 44,230 157,003 13 44 2,500 2,000 4,500 124,728 50,941 166,325 14 45 2,500 2,000 4,500 124,728 57,988 176,148 15 46 2,500 4,000 6,500 124,728 67,388 186,498 16 47 2,500 2,000 4,500 124,728 75,257 197,402 17 48 2,500 2,000 4,500 124,728 83,520 208,870 18 49 2,500 2,000 4,500 124,728 92,196 220,955 19 50 2,500 2,000 4,500 124,728 101,306 233,691 20 51 2,500 4,000 6,500 124,728 112,871 247,114 21 52 2,500 2,000 4,500 124,728 123,015 261,256 22 53 2,500 2,000 4,500 124,728 133,665 276,138 23 54 2,500 2,000 4,500 124,728 144,849 291,823 24 55 2,500 2,000 4,500 124,728 156,591 308,356 25 56 2,500 4,000 6,500 124,728 170,921 325,783 26 57 2,500 2,000 4,500 124,728 183,967 344,147 27 58 2,500 2,000 4,500 124,728 197,665 363,483 28 59 2,500 2,000 4,500 124,728 212,048 383,867 29 60 2,500 2,000 4,500 124,728 227,151 405,355 Total 66,750 52,000 118,750 30 61 2,500 4,000 6,500 124,728 245,008 429,051 Basic Sum Assured : 100,000 100,000 Terminal Bonus : 84,043 84,043 Total at Maturity : 190,543 Total Cash Received under option1: 309,293 Total Cash Received under option 3 : 429,051 * The above illustrations are based on Scenario A of Gelsis 5.18
- 2. CALCULATION : Premium : 15,591 200% of the sum assured : 100,000 TB on maturity : 84,043 Year CB SB 1-3 0.03 0 0.05 4-6 0.035 0 7 0.04 0 8-9 0.05 0.04 10 0.05 0.08 11 - 14 0.05 0.04 15 0.05 0.08 16 - 19 0.05 0.04 20 0.05 0.08 21 - 24 0.05 0.04 25 0.05 0.08 26 - 29 0.05 0.04 30 0.05 0.08
- 3. Projected return on CB+SB over premium (%) - 9.62% 3.21% 2.81% 2.24% 1.87% 1.83% 3.61% 3.61% 5.21% 3.61% 3.61% 3.61% 3.61% 5.21% 3.61% 3.61% 3.61% 3.61% 5.21% 3.61% 3.61% 3.61% 3.61% 5.21% 3.61% 3.61% 3.61% 3.61% 5.21% 2.48
- 4. Saving Interest Rate Year Amount 2% 3% 4% 1 15,400 15,708 15,862 16,016 2 30,800 31,730 32,200 32,673 3 46,200 48,073 49,028 49,996 4 61,600 64,742 66,361 68,011 5 77,000 81,745 84,214 86,748 6 92,400 99,088 102,602 106,234 7 107,800 116,778 121,542 126,499 8 123,200 134,821 141,050 147,575 9 123,200 137,518 145,282 153,478 10 123,200 140,268 149,640 159,617 11 123,200 143,073 154,129 166,002 12 123,200 145,935 158,753 172,642 13 123,200 148,854 163,516 179,548 14 123,200 151,831 168,421 186,730 15 123,200 154,867 173,474 194,199 16 123,200 157,965 178,678 201,967 17 123,200 161,124 184,039 210,045 18 123,200 164,346 189,560 218,447 19 123,200 167,633 195,247 227,185 20 123,200 170,986 201,104 236,272 21 123,200 174,406 207,137 245,723 22 123,200 177,894 213,351 255,552 23 123,200 181,452 219,752 265,774 24 123,200 185,081 226,344 276,405 25 123,200 188,782 233,135 287,462 26 123,200 192,558 240,129 298,960 27 123,200 196,409 247,332 310,918 28 123,200 200,337 254,752 323,355 29 123,200 204,344 262,395 336,289 30 123,200 208,431 270,267 349,741 Difference (2% & 3%), (2% & 4%), (2% & 5%) 61,836 141,310 Difference (3% & 4%), (3% & 5%) 79,474 Difference (4% & 5%)
- 5. 5% 16,170 33,149 50,976 69,695 89,349 109,987 131,656 154,409 162,130 170,236 178,748 187,685 197,069 206,923 217,269 228,133 239,539 251,516 264,092 277,297 291,161 305,719 321,005 337,056 353,908 371,604 390,184 409,693 430,178 451,687 243,256 181,420 101,946
- 6. ELITE BUILDER Age : 31 Sum Assured: 50,000 Term : 30 Payment : 12 years Option 1 Projected Total return on premium Policy SB CB+SB over paid at begin Year Age NB CB (Projected) (Guaranteed) Total CB & SB premium (%) of Year 1 32 - - - 10,579 2 33 3,000 - 3,000 14.18% 21,158 3 34 1,500 - 1,500 4.73% 31,737 4 35 1,750 - 1,750 4.14% 42,316 5 36 1,750 - 1,750 3.31% 52,895 6 37 1,750 - 1,750 2.76% 63,474 7 38 2,000 - 2,000 2.70% 74,053 8 39 2,000 - 2,000 2.36% 84,632 9 40 2,000 - 2,000 2.10% 95,211 10 41 2,000 - 2,000 1.89% 105,790 11 42 2,000 2,000 1.72% 116,369 12 43 2,625 2,000 4,625 3.64% 126,948 13 44 2,625 2,000 4,625 3.64% 126,948 14 45 2,625 2,000 4,625 3.64% 126,948 15 46 2,625 4,000 6,625 5.22% 126,948 16 47 2,625 2,000 4,625 3.64% 126,948 17 48 2,625 2,000 4,625 3.64% 126,948 18 49 2,625 2,000 4,625 3.64% 126,948 19 50 2,625 2,000 4,625 3.64% 126,948 20 51 2,625 4,000 6,625 5.22% 126,948 21 52 2,625 2,000 4,625 3.64% 126,948 22 53 2,625 2,000 4,625 3.64% 126,948 23 54 2,625 2,000 4,625 3.64% 126,948 24 55 2,625 2,000 4,625 3.64% 126,948 25 56 2,625 4,000 6,625 5.22% 126,948 26 57 2,625 2,000 4,625 3.64% 126,948 27 58 2,625 2,000 4,625 3.64% 126,948 28 59 2,625 2,000 4,625 3.64% 126,948 29 60 2,625 2,000 4,625 3.64% 126,948 Total 67,000 42,000 109,000 30 61 2,625 4,000 6,625 5.22% 126,948 Basic Sum Assured : 100,000 Terminal Bonus : 73,970 Total at Maturity : 180,595 Total Cash Received under option1: 289,595 2.28 Total Cash Received under option 3 :
- 7. * The above illustrations are based on Scenario A of Gelsis 5.18 CALCULATION : Premium : 10,579 200% of the sum assured : 100,000 TB on maturity : 73,970 Year CB SB 1-3 0.03 0 Compound Interest : 4-6 0.035 0 7 0.04 0 8-9 0.04 0 10 - 11 0.04 0 12 - 14 0.0525 0.04 15 0.0525 0.08 16 - 19 0.0525 0.04 20 0.0525 0.08 21 - 24 0.0525 0.04 25 0.0525 0.08 26 - 29 0.0525 0.04 30 0.0525 0.08
- 8. Option 3 Cummulative of CB & SB @ 5% compound interest 0 3,000 4,650 6,633 8,714 10,900 13,445 16,117 18,923 21,869 24,963 30,836 37,002 43,478 52,276 59,515 67,116 75,097 83,477 94,275 103,614 113,420 123,716 134,527 147,878 159,897 172,517 185,768 199,681 216,290 100,000 73,970 390,260
- 9. 0.05