Managing Insurance Premiums Through Debt Mutual Fund SIP
Insurance Planning through Mutual Fund
Wealth Protection is the first step towards any Wealth Planning. We all know there is no meaning of wealth we earned in life if we have no good health. So, first protection is Self by improving health. We all should spend just 1 hour a day for any exercises, which include walking and jogging as well. It is said in Gujarati:
“પહેલું સુખ તે જાતે નર્યા” means Being Health is the First Happiness.
We should take almost all possible way care to stay healthy by eating healthy food, staying active, exercising, read good books etc. But still anything can happen and we should be ready for it. Very Healthy living persons have less chances of health to be in trouble than those who is not living healthy life. Contingencies can happen at any point of time and it is unpredicted. The main point is that whether at such point of time are you financial stable to cope up with the situation that need money to be incurred in such.
You, your family, your house, your car, your shop etc. are your wealth that you do not want to be disturbed by unforeseen event. To handle such unexpected situation we must have some back up plan. In such case, Insurance is the best option against any damage to our wealth. So, that is the PROTECTION OF WEALTH tool.
We must have Insurance to protect our Life, Health and other assets to cope up with any uncertain happening in future. Insurance is the tool in which we can buy Insurance policy by paying fixed premium with different period payment options for our convenience. We can pay Premiums to Insurance Company on Yearly basis or Monthly/Quarterly/Semi-Annually or One Time. Lower the Premium Payment Term, the cheaper premium it will be in total.
People in general fail or can’t manage premium payment liability that arises in every year. They feel that by taking monthly premium option they avoid liquidity problem but in fact they are paying more premium then Annual Premium. So, what to do in such situation of WHETHER TO PAY PREMIUM YEARLY OR MONTHLY?
I am proposing a new options where you can get ✌🏻 two benefits:
1. No Liquidity Crash situation
2. Lower Premium Payment
Better explanation will be with the help of an example only. Here it is:
Assume that of Life Insurance Premium Payment Term (PPT) is till 15 years, Annually Prempium as Rs. 71,980/- and Monthly Premium Option come as Rs. 6,448. Let’s see the difference of how much you are actually paying.
|
Premium Payment Mode |
Premium Every Year |
Total Premium after 15 years |
|
Yearly (A) |
Rs. 71,980/- |
Rs. 10,79,700 (Rs. 71,980 x 15 Years) |
|
Monthly (B) |
Rs. 77,379/- (Rs. 6,449 x 12 months) |
Rs. 11,60,678 (Rs. 77,379 x 15 years) |
|
Difference (C) = (A) – (B) |
Rs. 5,399 Extra Payment on if selected Monthly Payment |
Rs. 80,978 Extra Payment on if selected Monthly Payment |
So, we are clear that we should go for yearly premium mode as it save money.
You can manage of paying your Insurance Premium by Investing in Debt Mutual Funds.
From the above example you have Annual Premium of Rs. 71,980.
You just need to start SIP of Rs. 6,000 every month in Debt Mutual Fund which is giving 4% CAGR Return every year as of today. After a Year when the Premium Payment comes, you just need to withdraw some money to the amount of your premium & then Pay the Premium to Insurance Company. After such also you will have some balance with you which will be carried forward with continued SIP and interest (Return) of 4%.
Above is illustrated in Excel sheet as below:
|
Year |
Month |
Opening Balance every month (A) i.e. cariied forward of (F) |
SIP per month (B) |
Interest (C) = [(A)+(B)] X Interest Rate (4% p.a. 1st 5 years) |
Per Month Balance (D) = (A) + (B) + (C) |
Premium paid every year (E) |
Balance after Every Monthn & After Premium paid every year (F) = (D) - (E) |
|
0.08 |
1 |
₹ 6,000 |
₹ 20 |
₹ 6,020 |
₹ 6,020 |
||
|
0.17 |
2 |
₹ 6,020 |
₹ 6,000 |
₹ 40 |
₹ 12,060 |
₹ 12,060 |
|
|
0.25 |
3 |
₹ 12,060 |
₹ 6,000 |
₹ 60 |
₹ 18,120 |
₹ 18,120 |
|
|
0.33 |
4 |
₹ 18,120 |
₹ 6,000 |
₹ 80 |
₹ 24,201 |
₹ 24,201 |
|
|
0.42 |
5 |
₹ 24,201 |
₹ 6,000 |
₹ 101 |
₹ 30,301 |
₹ 30,301 |
|
|
0.50 |
6 |
₹ 30,301 |
₹ 6,000 |
₹ 121 |
₹ 36,422 |
₹ 36,422 |
|
|
0.58 |
7 |
₹ 36,422 |
₹ 6,000 |
₹ 141 |
₹ 42,564 |
₹ 42,564 |
|
|
0.67 |
8 |
₹ 42,564 |
₹ 6,000 |
₹ 162 |
₹ 48,726 |
₹ 48,726 |
|
|
0.75 |
9 |
₹ 48,726 |
₹ 6,000 |
₹ 182 |
₹ 54,908 |
₹ 54,908 |
|
|
0.83 |
10 |
₹ 54,908 |
₹ 6,000 |
₹ 203 |
₹ 61,111 |
₹ 61,111 |
|
|
0.92 |
11 |
₹ 61,111 |
₹ 6,000 |
₹ 224 |
₹ 67,335 |
₹ 67,335 |
|
|
1.00 |
12 |
₹ 67,335 |
₹ 6,000 |
₹ 244 |
₹ 73,579 |
₹ 71,980 |
₹ 1,599 |
|
1.08 |
13 |
₹ 1,599 |
₹ 6,000 |
₹ 25 |
₹ 7,625 |
₹ 7,625 |
|
|
1.17 |
14 |
₹ 7,625 |
₹ 6,000 |
₹ 45 |
₹ 13,670 |
₹ 13,670 |
|
|
1.25 |
15 |
₹ 13,670 |
₹ 6,000 |
₹ 66 |
₹ 19,736 |
₹ 19,736 |
|
|
1.33 |
16 |
₹ 19,736 |
₹ 6,000 |
₹ 86 |
₹ 25,821 |
₹ 25,821 |
|
|
1.42 |
17 |
₹ 25,821 |
₹ 6,000 |
₹ 106 |
₹ 31,927 |
₹ 31,927 |
|
|
1.50 |
18 |
₹ 31,927 |
₹ 6,000 |
₹ 126 |
₹ 38,054 |
₹ 38,054 |
|
|
1.58 |
19 |
₹ 38,054 |
₹ 6,000 |
₹ 147 |
₹ 44,201 |
₹ 44,201 |
|
|
1.67 |
20 |
₹ 44,201 |
₹ 6,000 |
₹ 167 |
₹ 50,368 |
₹ 50,368 |
|
|
1.75 |
21 |
₹ 50,368 |
₹ 6,000 |
₹ 188 |
₹ 56,556 |
₹ 56,556 |
|
|
1.83 |
22 |
₹ 56,556 |
₹ 6,000 |
₹ 209 |
₹ 62,764 |
₹ 62,764 |
|
|
1.92 |
23 |
₹ 62,764 |
₹ 6,000 |
₹ 229 |
₹ 68,994 |
₹ 68,994 |
|
|
2.00 |
24 |
₹ 68,994 |
₹ 6,000 |
₹ 250 |
₹ 75,244 |
₹ 71,980 |
₹ 3,264 |
|
2.08 |
25 |
₹ 3,264 |
₹ 6,000 |
₹ 31 |
₹ 9,294 |
₹ 9,294 |
|
|
2.17 |
26 |
₹ 9,294 |
₹ 6,000 |
₹ 51 |
₹ 15,345 |
₹ 15,345 |
|
|
2.25 |
27 |
₹ 15,345 |
₹ 6,000 |
₹ 71 |
₹ 21,417 |
₹ 21,417 |
|
|
2.33 |
28 |
₹ 21,417 |
₹ 6,000 |
₹ 91 |
₹ 27,508 |
₹ 27,508 |
|
|
2.42 |
29 |
₹ 27,508 |
₹ 6,000 |
₹ 112 |
₹ 33,620 |
₹ 33,620 |
|
|
2.50 |
30 |
₹ 33,620 |
₹ 6,000 |
₹ 132 |
₹ 39,752 |
₹ 39,752 |
|
|
2.58 |
31 |
₹ 39,752 |
₹ 6,000 |
₹ 153 |
₹ 45,904 |
₹ 45,904 |
|
|
2.67 |
32 |
₹ 45,904 |
₹ 6,000 |
₹ 173 |
₹ 52,077 |
₹ 52,077 |
|
|
2.75 |
33 |
₹ 52,077 |
₹ 6,000 |
₹ 194 |
₹ 58,271 |
₹ 58,271 |
|
|
2.83 |
34 |
₹ 58,271 |
₹ 6,000 |
₹ 214 |
₹ 64,485 |
₹ 64,485 |
|
|
2.92 |
35 |
₹ 64,485 |
₹ 6,000 |
₹ 235 |
₹ 70,720 |
₹ 70,720 |
|
|
3.00 |
36 |
₹ 70,720 |
₹ 6,000 |
₹ 256 |
₹ 76,976 |
₹ 71,980 |
₹ 4,996 |
|
3.08 |
37 |
₹ 4,996 |
₹ 6,000 |
₹ 37 |
₹ 11,032 |
₹ 11,032 |
|
|
3.17 |
38 |
₹ 11,032 |
₹ 6,000 |
₹ 57 |
₹ 17,089 |
₹ 17,089 |
|
|
3.25 |
39 |
₹ 17,089 |
₹ 6,000 |
₹ 77 |
₹ 23,166 |
₹ 23,166 |
|
|
3.33 |
40 |
₹ 23,166 |
₹ 6,000 |
₹ 97 |
₹ 29,263 |
₹ 29,263 |
|
|
3.42 |
41 |
₹ 29,263 |
₹ 6,000 |
₹ 118 |
₹ 35,381 |
₹ 35,381 |
|
|
3.50 |
42 |
₹ 35,381 |
₹ 6,000 |
₹ 138 |
₹ 41,519 |
₹ 41,519 |
|
|
3.58 |
43 |
₹ 41,519 |
₹ 6,000 |
₹ 158 |
₹ 47,677 |
₹ 47,677 |
|
|
3.67 |
44 |
₹ 47,677 |
₹ 6,000 |
₹ 179 |
₹ 53,856 |
₹ 53,856 |
|
|
3.75 |
45 |
₹ 53,856 |
₹ 6,000 |
₹ 200 |
₹ 60,056 |
₹ 60,056 |
|
|
3.83 |
46 |
₹ 60,056 |
₹ 6,000 |
₹ 220 |
₹ 66,276 |
₹ 66,276 |
|
|
3.92 |
47 |
₹ 66,276 |
₹ 6,000 |
₹ 241 |
₹ 72,517 |
₹ 72,517 |
|
|
4.00 |
48 |
₹ 72,517 |
₹ 6,000 |
₹ 262 |
₹ 78,779 |
₹ 71,980 |
₹ 6,799 |
|
4.08 |
49 |
₹ 6,799 |
₹ 6,000 |
₹ 43 |
₹ 12,841 |
₹ 12,841 |
|
|
4.17 |
50 |
₹ 12,841 |
₹ 6,000 |
₹ 63 |
₹ 18,904 |
₹ 18,904 |
|
|
4.25 |
51 |
₹ 18,904 |
₹ 6,000 |
₹ 83 |
₹ 24,987 |
₹ 24,987 |
|
|
4.33 |
52 |
₹ 24,987 |
₹ 6,000 |
₹ 103 |
₹ 31,090 |
₹ 31,090 |
|
|
4.42 |
53 |
₹ 31,090 |
₹ 6,000 |
₹ 124 |
₹ 37,214 |
₹ 37,214 |
|
|
4.50 |
54 |
₹ 37,214 |
₹ 6,000 |
₹ 144 |
₹ 43,358 |
₹ 43,358 |
|
|
4.58 |
55 |
₹ 43,358 |
₹ 6,000 |
₹ 165 |
₹ 49,523 |
₹ 49,523 |
|
|
4.67 |
56 |
₹ 49,523 |
₹ 6,000 |
₹ 185 |
₹ 55,708 |
₹ 55,708 |
|
|
4.75 |
57 |
₹ 55,708 |
₹ 6,000 |
₹ 206 |
₹ 61,913 |
₹ 61,913 |
|
|
4.83 |
58 |
₹ 61,913 |
₹ 6,000 |
₹ 226 |
₹ 68,140 |
₹ 68,140 |
|
|
4.92 |
59 |
₹ 68,140 |
₹ 6,000 |
₹ 247 |
₹ 74,387 |
₹ 74,387 |
|
|
5.00 |
60 |
₹ 74,387 |
₹ 6,000 |
₹ 268 |
₹ 80,655 |
₹ 71,980 |
₹ 8,675 |
|
5.08 |
61 |
₹ 8,675 |
₹ 6,000 |
₹ 43 |
₹ 14,718 |
₹ 14,718 |
|
|
5.17 |
62 |
₹ 14,718 |
₹ 6,000 |
₹ 60 |
₹ 20,778 |
₹ 20,778 |
|
|
5.25 |
63 |
₹ 20,778 |
₹ 6,000 |
₹ 78 |
₹ 26,856 |
₹ 26,856 |
|
|
5.33 |
64 |
₹ 26,856 |
₹ 6,000 |
₹ 96 |
₹ 32,952 |
₹ 32,952 |
|
|
5.42 |
65 |
₹ 32,952 |
₹ 6,000 |
₹ 114 |
₹ 39,066 |
₹ 39,066 |
|
|
5.50 |
66 |
₹ 39,066 |
₹ 6,000 |
₹ 131 |
₹ 45,197 |
₹ 45,197 |
|
|
5.58 |
67 |
₹ 45,197 |
₹ 6,000 |
₹ 149 |
₹ 51,346 |
₹ 51,346 |
|
|
5.67 |
68 |
₹ 51,346 |
₹ 6,000 |
₹ 167 |
₹ 57,514 |
₹ 57,514 |
|
|
5.75 |
69 |
₹ 57,514 |
₹ 6,000 |
₹ 185 |
₹ 63,699 |
₹ 63,699 |
|
|
5.83 |
70 |
₹ 63,699 |
₹ 6,000 |
₹ 203 |
₹ 69,902 |
₹ 69,902 |
|
|
5.92 |
71 |
₹ 69,902 |
₹ 6,000 |
₹ 221 |
₹ 76,123 |
₹ 76,123 |
|
|
6.00 |
72 |
₹ 76,123 |
₹ 6,000 |
₹ 240 |
₹ 82,363 |
₹ 71,980 |
₹ 10,383 |
|
6.08 |
73 |
₹ 10,383 |
₹ 6,000 |
₹ 48 |
₹ 16,431 |
₹ 16,431 |
|
|
6.17 |
74 |
₹ 16,431 |
₹ 6,000 |
₹ 65 |
₹ 22,496 |
₹ 22,496 |
|
|
6.25 |
75 |
₹ 22,496 |
₹ 6,000 |
₹ 83 |
₹ 28,579 |
₹ 28,579 |
|
|
6.33 |
76 |
₹ 28,579 |
₹ 6,000 |
₹ 101 |
₹ 34,680 |
₹ 34,680 |
|
|
6.42 |
77 |
₹ 34,680 |
₹ 6,000 |
₹ 119 |
₹ 40,799 |
₹ 40,799 |
|
|
6.50 |
78 |
₹ 40,799 |
₹ 6,000 |
₹ 136 |
₹ 46,935 |
₹ 46,935 |
|
|
6.58 |
79 |
₹ 46,935 |
₹ 6,000 |
₹ 154 |
₹ 53,090 |
₹ 53,090 |
|
|
6.67 |
80 |
₹ 53,090 |
₹ 6,000 |
₹ 172 |
₹ 59,262 |
₹ 59,262 |
|
|
6.75 |
81 |
₹ 59,262 |
₹ 6,000 |
₹ 190 |
₹ 65,452 |
₹ 65,452 |
|
|
6.83 |
82 |
₹ 65,452 |
₹ 6,000 |
₹ 208 |
₹ 71,661 |
₹ 71,661 |
|
|
6.92 |
83 |
₹ 71,661 |
₹ 6,000 |
₹ 227 |
₹ 77,887 |
₹ 77,887 |
|
|
7.00 |
84 |
₹ 77,887 |
₹ 6,000 |
₹ 245 |
₹ 84,132 |
₹ 71,980 |
₹ 12,152 |
|
7.08 |
85 |
₹ 12,152 |
₹ 6,000 |
₹ 53 |
₹ 18,205 |
₹ 18,205 |
|
|
7.17 |
86 |
₹ 18,205 |
₹ 6,000 |
₹ 71 |
₹ 24,276 |
₹ 24,276 |
|
|
7.25 |
87 |
₹ 24,276 |
₹ 6,000 |
₹ 88 |
₹ 30,364 |
₹ 30,364 |
|
|
7.33 |
88 |
₹ 30,364 |
₹ 6,000 |
₹ 106 |
₹ 36,470 |
₹ 36,470 |
|
|
7.42 |
89 |
₹ 36,470 |
₹ 6,000 |
₹ 124 |
₹ 42,594 |
₹ 42,594 |
|
|
7.50 |
90 |
₹ 42,594 |
₹ 6,000 |
₹ 142 |
₹ 48,736 |
₹ 48,736 |
|
|
7.58 |
91 |
₹ 48,736 |
₹ 6,000 |
₹ 160 |
₹ 54,895 |
₹ 54,895 |
|
|
7.67 |
92 |
₹ 54,895 |
₹ 6,000 |
₹ 178 |
₹ 61,073 |
₹ 61,073 |
|
|
7.75 |
93 |
₹ 61,073 |
₹ 6,000 |
₹ 196 |
₹ 67,268 |
₹ 67,268 |
|
|
7.83 |
94 |
₹ 67,268 |
₹ 6,000 |
₹ 214 |
₹ 73,482 |
₹ 73,482 |
|
|
7.92 |
95 |
₹ 73,482 |
₹ 6,000 |
₹ 232 |
₹ 79,714 |
₹ 79,714 |
|
|
8.00 |
96 |
₹ 79,714 |
₹ 6,000 |
₹ 250 |
₹ 85,964 |
₹ 71,980 |
₹ 13,984 |
|
8.08 |
97 |
₹ 13,984 |
₹ 6,000 |
₹ 50 |
₹ 20,034 |
₹ 20,034 |
|
|
8.17 |
98 |
₹ 20,034 |
₹ 6,000 |
₹ 65 |
₹ 26,099 |
₹ 26,099 |
|
|
8.25 |
99 |
₹ 26,099 |
₹ 6,000 |
₹ 80 |
₹ 32,179 |
₹ 32,179 |
|
|
8.33 |
100 |
₹ 32,179 |
₹ 6,000 |
₹ 95 |
₹ 38,275 |
₹ 38,275 |
|
|
8.42 |
101 |
₹ 38,275 |
₹ 6,000 |
₹ 111 |
₹ 44,385 |
₹ 44,385 |
|
|
8.50 |
102 |
₹ 44,385 |
₹ 6,000 |
₹ 126 |
₹ 50,511 |
₹ 50,511 |
|
|
8.58 |
103 |
₹ 50,511 |
₹ 6,000 |
₹ 141 |
₹ 56,653 |
₹ 56,653 |
|
|
8.67 |
104 |
₹ 56,653 |
₹ 6,000 |
₹ 157 |
₹ 62,809 |
₹ 62,809 |
|
|
8.75 |
105 |
₹ 62,809 |
₹ 6,000 |
₹ 172 |
₹ 68,981 |
₹ 68,981 |
|
|
8.83 |
106 |
₹ 68,981 |
₹ 6,000 |
₹ 187 |
₹ 75,169 |
₹ 75,169 |
|
|
8.92 |
107 |
₹ 75,169 |
₹ 6,000 |
₹ 203 |
₹ 81,372 |
₹ 81,372 |
|
|
9.00 |
108 |
₹ 81,372 |
₹ 6,000 |
₹ 218 |
₹ 87,590 |
₹ 71,980 |
₹ 15,610 |
|
9.08 |
109 |
₹ 15,610 |
₹ 6,000 |
₹ 54 |
₹ 21,664 |
₹ 21,664 |
|
|
9.17 |
110 |
₹ 21,664 |
₹ 6,000 |
₹ 69 |
₹ 27,733 |
₹ 27,733 |
|
|
9.25 |
111 |
₹ 27,733 |
₹ 6,000 |
₹ 84 |
₹ 33,818 |
₹ 33,818 |
|
|
9.33 |
112 |
₹ 33,818 |
₹ 6,000 |
₹ 100 |
₹ 39,917 |
₹ 39,917 |
|
|
9.42 |
113 |
₹ 39,917 |
₹ 6,000 |
₹ 115 |
₹ 46,032 |
₹ 46,032 |
|
|
9.50 |
114 |
₹ 46,032 |
₹ 6,000 |
₹ 130 |
₹ 52,162 |
₹ 52,162 |
|
|
9.58 |
115 |
₹ 52,162 |
₹ 6,000 |
₹ 145 |
₹ 58,307 |
₹ 58,307 |
|
|
9.67 |
116 |
₹ 58,307 |
₹ 6,000 |
₹ 161 |
₹ 64,468 |
₹ 64,468 |
|
|
9.75 |
117 |
₹ 64,468 |
₹ 6,000 |
₹ 176 |
₹ 70,644 |
₹ 70,644 |
|
|
9.83 |
118 |
₹ 70,644 |
₹ 6,000 |
₹ 192 |
₹ 76,836 |
₹ 76,836 |
|
|
9.92 |
119 |
₹ 76,836 |
₹ 6,000 |
₹ 207 |
₹ 83,043 |
₹ 83,043 |
|
|
10.00 |
120 |
₹ 83,043 |
₹ 6,000 |
₹ 223 |
₹ 89,266 |
₹ 71,980 |
₹ 17,286 |
|
10.08 |
121 |
₹ 17,286 |
₹ 6,000 |
₹ 58 |
₹ 23,344 |
₹ 23,344 |
|
|
10.17 |
122 |
₹ 23,344 |
₹ 6,000 |
₹ 73 |
₹ 29,417 |
₹ 29,417 |
|
|
10.25 |
123 |
₹ 29,417 |
₹ 6,000 |
₹ 89 |
₹ 35,506 |
₹ 35,506 |
|
|
10.33 |
124 |
₹ 35,506 |
₹ 6,000 |
₹ 104 |
₹ 41,610 |
₹ 41,610 |
|
|
10.42 |
125 |
₹ 41,610 |
₹ 6,000 |
₹ 119 |
₹ 47,729 |
₹ 47,729 |
|
|
10.50 |
126 |
₹ 47,729 |
₹ 6,000 |
₹ 134 |
₹ 53,863 |
₹ 53,863 |
|
|
10.58 |
127 |
₹ 53,863 |
₹ 6,000 |
₹ 150 |
₹ 60,013 |
₹ 60,013 |
|
|
10.67 |
128 |
₹ 60,013 |
₹ 6,000 |
₹ 165 |
₹ 66,178 |
₹ 66,178 |
|
|
10.75 |
129 |
₹ 66,178 |
₹ 6,000 |
₹ 180 |
₹ 72,358 |
₹ 72,358 |
|
|
10.83 |
130 |
₹ 72,358 |
₹ 6,000 |
₹ 196 |
₹ 78,554 |
₹ 78,554 |
|
|
10.92 |
131 |
₹ 78,554 |
₹ 6,000 |
₹ 211 |
₹ 84,765 |
₹ 84,765 |
|
|
11.00 |
132 |
₹ 84,765 |
₹ 6,000 |
₹ 227 |
₹ 90,992 |
₹ 71,980 |
₹ 19,012 |
|
11.08 |
133 |
₹ 19,012 |
₹ 6,000 |
₹ 63 |
₹ 25,075 |
₹ 25,075 |
|
|
11.17 |
134 |
₹ 25,075 |
₹ 6,000 |
₹ 78 |
₹ 31,152 |
₹ 31,152 |
|
|
11.25 |
135 |
₹ 31,152 |
₹ 6,000 |
₹ 93 |
₹ 37,245 |
₹ 37,245 |
|
|
11.33 |
136 |
₹ 37,245 |
₹ 6,000 |
₹ 108 |
₹ 43,353 |
₹ 43,353 |
|
|
11.42 |
137 |
₹ 43,353 |
₹ 6,000 |
₹ 123 |
₹ 49,477 |
₹ 49,477 |
|
|
11.50 |
138 |
₹ 49,477 |
₹ 6,000 |
₹ 139 |
₹ 55,615 |
₹ 55,615 |
|
|
11.58 |
139 |
₹ 55,615 |
₹ 6,000 |
₹ 154 |
₹ 61,770 |
₹ 61,770 |
|
|
11.67 |
140 |
₹ 61,770 |
₹ 6,000 |
₹ 169 |
₹ 67,939 |
₹ 67,939 |
|
|
11.75 |
141 |
₹ 67,939 |
₹ 6,000 |
₹ 185 |
₹ 74,124 |
₹ 74,124 |
|
|
11.83 |
142 |
₹ 74,124 |
₹ 6,000 |
₹ 200 |
₹ 80,324 |
₹ 80,324 |
|
|
11.92 |
143 |
₹ 80,324 |
₹ 6,000 |
₹ 216 |
₹ 86,540 |
₹ 86,540 |
|
|
12.00 |
144 |
₹ 86,540 |
₹ 6,000 |
₹ 231 |
₹ 92,771 |
₹ 71,980 |
₹ 20,791 |
|
12.08 |
145 |
₹ 20,791 |
₹ 6,000 |
₹ 67 |
₹ 26,858 |
₹ 26,858 |
|
|
12.17 |
146 |
₹ 26,858 |
₹ 6,000 |
₹ 82 |
₹ 32,940 |
₹ 32,940 |
|
|
12.25 |
147 |
₹ 32,940 |
₹ 6,000 |
₹ 97 |
₹ 39,038 |
₹ 39,038 |
|
|
12.33 |
148 |
₹ 39,038 |
₹ 6,000 |
₹ 113 |
₹ 45,150 |
₹ 45,150 |
|
|
12.42 |
149 |
₹ 45,150 |
₹ 6,000 |
₹ 128 |
₹ 51,278 |
₹ 51,278 |
|
|
12.50 |
150 |
₹ 51,278 |
₹ 6,000 |
₹ 143 |
₹ 57,421 |
₹ 57,421 |
|
|
12.58 |
151 |
₹ 57,421 |
₹ 6,000 |
₹ 159 |
₹ 63,580 |
₹ 63,580 |
|
|
12.67 |
152 |
₹ 63,580 |
₹ 6,000 |
₹ 174 |
₹ 69,754 |
₹ 69,754 |
|
|
12.75 |
153 |
₹ 69,754 |
₹ 6,000 |
₹ 189 |
₹ 75,943 |
₹ 75,943 |
|
|
12.83 |
154 |
₹ 75,943 |
₹ 6,000 |
₹ 205 |
₹ 82,148 |
₹ 82,148 |
|
|
12.92 |
155 |
₹ 82,148 |
₹ 6,000 |
₹ 220 |
₹ 88,369 |
₹ 88,369 |
|
|
13.00 |
156 |
₹ 88,369 |
₹ 6,000 |
₹ 236 |
₹ 94,604 |
₹ 71,980 |
₹ 22,624 |
|
13.08 |
157 |
₹ 22,624 |
₹ 6,000 |
₹ 72 |
₹ 28,696 |
₹ 28,696 |
|
|
13.17 |
158 |
₹ 28,696 |
₹ 6,000 |
₹ 87 |
₹ 34,783 |
₹ 34,783 |
|
|
13.25 |
159 |
₹ 34,783 |
₹ 6,000 |
₹ 102 |
₹ 40,885 |
₹ 40,885 |
|
|
13.33 |
160 |
₹ 40,885 |
₹ 6,000 |
₹ 117 |
₹ 47,002 |
₹ 47,002 |
|
|
13.42 |
161 |
₹ 47,002 |
₹ 6,000 |
₹ 133 |
₹ 53,134 |
₹ 53,134 |
|
|
13.50 |
162 |
₹ 53,134 |
₹ 6,000 |
₹ 148 |
₹ 59,282 |
₹ 59,282 |
|
|
13.58 |
163 |
₹ 59,282 |
₹ 6,000 |
₹ 163 |
₹ 65,445 |
₹ 65,445 |
|
|
13.67 |
164 |
₹ 65,445 |
₹ 6,000 |
₹ 179 |
₹ 71,624 |
₹ 71,624 |
|
|
13.75 |
165 |
₹ 71,624 |
₹ 6,000 |
₹ 194 |
₹ 77,818 |
₹ 77,818 |
|
|
13.83 |
166 |
₹ 77,818 |
₹ 6,000 |
₹ 210 |
₹ 84,028 |
₹ 84,028 |
|
|
13.92 |
167 |
₹ 84,028 |
₹ 6,000 |
₹ 225 |
₹ 90,253 |
₹ 90,253 |
|
|
14.00 |
168 |
₹ 90,253 |
₹ 6,000 |
₹ 241 |
₹ 96,493 |
₹ 71,980 |
₹ 24,513 |
|
14.08 |
169 |
₹ 24,513 |
₹ 6,000 |
₹ 76 |
₹ 30,590 |
₹ 30,590 |
|
|
14.17 |
170 |
₹ 30,590 |
₹ 6,000 |
₹ 91 |
₹ 36,681 |
₹ 36,681 |
|
|
14.25 |
171 |
₹ 36,681 |
₹ 6,000 |
₹ 107 |
₹ 42,788 |
₹ 42,788 |
|
|
14.33 |
172 |
₹ 42,788 |
₹ 6,000 |
₹ 122 |
₹ 48,910 |
₹ 48,910 |
|
|
14.42 |
173 |
₹ 48,910 |
₹ 6,000 |
₹ 137 |
₹ 55,047 |
₹ 55,047 |
|
|
14.50 |
174 |
₹ 55,047 |
₹ 6,000 |
₹ 153 |
₹ 61,200 |
₹ 61,200 |
|
|
14.58 |
175 |
₹ 61,200 |
₹ 6,000 |
₹ 168 |
₹ 67,368 |
₹ 67,368 |
|
|
14.67 |
176 |
₹ 67,368 |
₹ 6,000 |
₹ 183 |
₹ 73,551 |
₹ 73,551 |
|
|
14.75 |
177 |
₹ 73,551 |
₹ 6,000 |
₹ 199 |
₹ 79,750 |
₹ 79,750 |
|
|
14.83 |
178 |
₹ 79,750 |
₹ 6,000 |
₹ 214 |
₹ 85,964 |
₹ 85,964 |
|
|
14.92 |
179 |
₹ 85,964 |
₹ 6,000 |
₹ 230 |
₹ 92,194 |
₹ 92,194 |
|
|
15.00 |
180 |
₹ 92,194 |
₹ 6,000 |
₹ 245 |
₹ 98,440 |
₹ 71,980 |
₹ 26,460 |
Note:
Further assuming that after 5 years rate of Return is reduced to 3.5% p.a. and after 7 years year reduced to 3% p.a.
You can see that even after at the end of 15 years you will have a balance of Rs. 26,460 after all withdrawals for Premium.
Here you are Getting Surplus of Rs. 26,460 against Monthly Premium option selection you are paying Rs. 5,399 p.m. extra so Rs. 80,978 extra.
In other way I can say I saved your Rs. 80,978 (if going through Monthly Premium Mode) + Rs. 26,460 Surplus after 15 years in Debt Fund. = Rs. 1,07,438.
This is how you are benefited in No Liquidity crash by Monthly Debt Mutual Fund SIP for Premium and Lower Premium payment by Annual Payment (Yes, Surplus in Debt Mutual Fund Balance as well.)
To know more like this Saving and Investing Tips please contact us:
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