Scribd
Upload
625 views2 pages

Jubilee Fanaka Plan Maturity Details

This document outlines a life insurance plan for Omari Joel, age 32. The plan provides a basic sum assured of 6 million KES with a projected bonus rate of 5% over a 6 year term. Key benefits include a 4.5 million KES death benefit, 600,000 KES guaranteed bonus, and a projected maturity value of 8.76 million KES. The plan offers monthly, quarterly, semi-annual or annual premium payment options ranging from 95,247 to 1,063,221 KES annually. Additional riders for accidental death and disability benefits are available for extra premiums.

Uploaded by

Joel
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
625 views2 pages

Jubilee Fanaka Plan Maturity Details

This document outlines a life insurance plan for Omari Joel, age 32. The plan provides a basic sum assured of 6 million KES with a projected bonus rate of 5% over a 6 year term. Key benefits include a 4.5 million KES death benefit, 600,000 KES guaranteed bonus, and a projected maturity value of 8.76 million KES. The plan offers monthly, quarterly, semi-annual or annual premium payment options ranging from 95,247 to 1,063,221 KES annually. Additional riders for accidental death and disability benefits are available for extra premiums.

Uploaded by

Joel
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Estimated Maturity Value
  • Insurance Overview

Plan: Fanaka Layer 1

Name: OMARI JOEL


Age Next Birthday: 32
Sum Assured: 6000000
Projected Bonus rate: 5%
Term: 6

Survival Benefits Death Benefit


Basic Sum Assured 6,000,000/= 75% of the Sum Assured 4,500,000/=
Guaranteed bonus at the end of the term of the policy 600,000/= Accrued bonus from inception upto the time of death
Projected Bonus from inception to Maturity 2,160,000/= 10% of the death benefit will be paid within 48hrs of notification of death
Estimated Maturity Value 8,760,000/=

Mode of Payment Premium Discounted premium Total Amount Paid Tax relief Benefit
Monthly 100,260/= 95,247/= 6,857,784/= 5,000/=
Quarterly 288,180/= 273,771/= 6,570,504/= 15,000/=
Semi- Annual 567,960/= 539,562/= 6,474,744/= 30,000/=
Annual 1,119,180/= 1,063,221/= 6,379,326/= 60,000/=
Single premium 5,904,960/= 5,904,960/= 5,904,960/= 60,000/=
Rider premium

Riders Rider Sum Assured Monthly Quarterly Semi-Annual Annual


Accidental Death Benefit 6,000,000/= 806/= 2,318/= 4,568/= 9,000/=
Total & Permanent Disability 6,000,000/= 806/= 2,318/= 4,568/= 9,000/=

Total 1,613/= 4,635/= 9,135/= 18,000/=

Total 96,860/= 278,406/= 548,697/=Planner:................................


Financial 1,081,221/=
Telephone Number.................................
The Illustration figures assume that your investment will grow at the indicated rate Email Address.................................
The Estimated Maturity Value can be used to purchase a Single Premium Immediate Annuity (SPIA)
For clients who pay a single premium the estimated maturity value is 9,120,000/=

Financial Planner:................................
Telephone Number.................................
Email Address.................................

6 Basic Sum Assured 6,000,000/= 4,500,000/= Guaranteed bonus at the end of the term of the policy 600,000/= Projected Bonus f
9,120,000/= For clients who pay a single premium the estimated maturity value is Financial Planner:........................

You might also like