PRODUCT MIX OF ONLINE JA WITH E-TERM

People prefer buying Jeevan Akshay under option 3 ie Annuity with return of purchase price.
Since we Indians are family oriented and much obsessed with our children,we want to keep
some liquid asset on our death.This compels a person to buy immediate annuity product under
option 3 whose yield varies from 7.28% to 7.32% for people aged between 30 & 45.
But instead if we provide option 1 ie Annuity for life with e-term (Non-smoker rate),the effective
interest rate increases and varies from 7.57 % to 7.87% for the same age group.
Minimum investment amount= 50 lacs with service tax.
Age

30
35
40

50 lacs JA 50 lacs e-term

total premiumYly annuity Yly annuity Effective IREffective IR
(for 35 yrs)
(option 1) (option 3) (option 1) (option 3)
5075000
5075000
5075000

9890
14433
21505

5084890
5089433
5096505

384845
391410
401005

369695
370705
371705

7.57
7.69
7.87

7.28
7.30
7.32

Annuity & Death benefit (CONSIDERING AGE AT DEATH=80)

For people aged 30
For people aged 35
Age Annuity
Death benefitTotal benefit Annuity
Death benefitTotal benefit
(option 1)
(option 1)
31
384845
5000000
5384845
32
769690
5000000
5769690
33
1154535
5000000
6154535
34
1539380
5000000
6539380
35
1924225
5000000
6924225
36
2309070
5000000
7309070
391410
5000000
5391410
37
2693915
5000000
7693915
782820
5000000
5782820
38
3078760
5000000
8078760
1174230
5000000
6174230
39
3848450
5000000
8848450
1565640
5000000
6565640
40
4233295
5000000
9233295
1957050
5000000
6957050
41
4618140
5000000
9618140
2348460
5000000
7348460
42
5002985
5000000 10002985
2739870
5000000
7739870
43
5387830
5000000 10387830
3131280
5000000
8131280
44
5772675
5000000 10772675
3914100
5000000
8914100
45
6157520
5000000 11157520
4305510
5000000
9305510
46
6542365
5000000 11542365
4696920
5000000
9696920
47
6927210
5000000 11927210
5088330
5000000
10088330
48
7312055
5000000 12312055
5479740
5000000
10479740
49
7696900
5000000 12696900
5871150
5000000
10871150
50
8081745
5000000 13081745
6262560
5000000
11262560
51
8466590
5000000 13466590
6653970
5000000
11653970
52
8851435
5000000 13851435
7045380
5000000
12045380
53
9236280
5000000 14236280
7436790
5000000
12436790
54
9621125
5000000 14621125
7828200
5000000
12828200
55 10005970
5000000 15005970
8219610
5000000
13219610
56 10390815
5000000 15390815
8611020
5000000
13611020
57 10775660
5000000 15775660
9002430
5000000
14002430
58 11160505
5000000 16160505
9393840
5000000
14393840
59 11545350
5000000 16545350
9785250
5000000
14785250
60 11930195
5000000 16930195
10176660
5000000
15176660
61 12315040
5000000 17315040
10568070
5000000
15568070
62 12699885
5000000 17699885
10959480
5000000
15959480
63 13084730
5000000 18084730
11350890
5000000
16350890
64 13469575
5000000 18469575
11742300
5000000
16742300
65 13854420
5000000 18854420
12133710
5000000
17133710
66 14239265
0 14239265
12525120
5000000
17525120
67 14624110
0 14624110
12916530
5000000
17916530
68 15008955
0 15008955
13307940
5000000
18307940
69 15393800
0 15393800
13699350
5000000
18699350
70 15778645
0 15778645
14090760
5000000
19090760
71 16163490
0 16163490
14482170
0
14482170
72 16548335
0 16548335
14873580
0
14873580
73 16933180
0 16933180
15264990
0
15264990
74 17318025
0 17318025
15656400
0
15656400
75 17702870
0 17702870
16047810
0
16047810
76 18087715
0 18087715
16439220
0
16439220
77 18472560
0 18472560
16830630
0
16830630
78 18857405
0 18857405
17222040
0
17222040
79 19242250
0 19242250
17613450
0
17613450
80 19627095
0 19627095
18004860
0
18004860

For people aged 40

Annuity
Death benefit
Total benefit
(option 1)

401005
802010
1203015
1604020
2005025
2406030
2807035
3208040
4010050
4411055
4812060
5213065
5614070
6015075
6416080
6817085
7218090
7619095
8020100
8421105
8822110
9223115
9624120
10025125
10426130
10827135
11228140
11629145
12030150
12431155
12832160
13233165
13634170
14035175
14436180
14837185
15238190
15639195
16040200
16441205

5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
5000000
0
0
0
0
0

5401005
5802010
6203015
6604020
7005025
7406030
7807035
8208040
9010050
9411055
9812060
10213065
10614070
11015075
11416080
11817085
12218090
12619095
13020100
13421105
13822110
14223115
14624120
15025125
15426130
15827135
16228140
16629145
17030150
17431155
17832160
18233165
18634170
19035175
19436180
14837185
15238190
15639195
16040200
16441205