00:01
In this particular question, without deferred insurance, we have to explain.
00:08
So let's see what it is without deferred insurance.
00:23
So firstly we talk about fixed payout component for ages 25 to 40.
00:30
So in this case, let's consider a term life insurance policy with a face value of rupees 30 and double that this one now this means that if the insured individual dies before the age of 40 the beneficiary receives a fixed pay out of rupees so in this case if before the age of 40 the person dies its beneficiary whether it is he or she will receive 30 or we can say three lakh dollars now, decreasing payout component for the age of 41 to 60, integrating a decreasing term insurance component where the benefit decreases linearly for the example of the benefit or could be 5 ,000 per year.
01:42
So at the age of 41 the benefit would be 295.
01:49
So 5 ,000 less will be received if the person dies at the age of between 41 and 60.
01:57
Now, zero payout component, what is after the age of 60, if person dies, then there will be no payout of the beneficiary.
02:08
Now we should talk about further...