tata aia life insurance fortune guarantee pension - sample caculation

 pay 1.5 Lakh for 12 years and get 135060 from 14 th year up to 48th year. after that our money is over. 

death benefit is fixed at 18 lakh after 25 years. 


total pay for 12 years - 18 lakh.

@1% monthly interest for the yearly premium the value after 13 years - 42,52,235/-

if we earn 1% monthly Interest of 1% on this  42,52,235/-  we get 42,523/- monthly or 5,10,269 yearly and our actual money will always be there. 

but tata pays only 135060/- per year for up to 48th year and our actual money will become zero. 


@2% monthly interest for the yearly premium the value after 13 years - 1,15,70,613/-

if we earn 1% monthly Interest of 1% on this  1,15,70,613/- we get 1,15,706/- monthly or 13,88,474/- yearly and our actual money will always be there. 

if we earn 2% monthly Interest of 1% on this  1,15,70,613/- we get 2,31,412/- monthly or 27,76,947 yearly and our actual money will always be there. 

but tata pays only 135060 per year for up to 48th year and our actual money will become zero. 


benefit for people who will die in 3 to 5 years as they get more sum assued for dependants. 

if you are paying insurance for pension.
for a 40 year old person in 2024 @ 50k per month expense lifestyle would need 5 Lakh to 8 lakh monthly pension or 60 lakh to 1 crore pension every year based on price when he is in 60s and 70s.
so if you can plan for pension of that range then you can pay insurance.. 
else with 1 lakh pension you cant even buy vegetables when you u r in 60s and 70s

else it is utter waste plan..

instead do interest business like banks or invest in shares, mutual Funds, or gold or land..
doing business is always better than growing insurance companies.

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