@php //Number of Months R9*12 $number_of_months = $term_insurance_period*12; //Rate of Return (1+R11%)^(1/12)-1 $rate_of_return2 = (1+$rate_of_return/100)**(1/12)-1; //Monthly SIP Amount (R7*AV28)/((1+AV28)*((1+AV28)^(AV27)-1)) $monthly_sip_amount = ($goal_amount*$rate_of_return2)/((1+$rate_of_return2)*((1+$rate_of_return2)**($number_of_months)-1)); @endphp
 

Term Insurance + SIP (Goal Based) @if(isset($clientname)) Proposal For {{$clientname?$clientname:''}} @else Planning @endif

Current Age {{$current_age?$current_age:0}} Years
Term Insurance / Goal Amount ₹ {{custome_money_format($goal_amount)}}
Term Insurance Period {{$term_insurance_period?$term_insurance_period:0}} Years
Term Insurance Annual Premium ₹ {{custome_money_format($term_insurance_annual_premium)}}

Monthly SIP Required
To Achieve Goal @ {{number_format($rate_of_return, 2, '.', '')}} %

₹ {{custome_money_format($monthly_sip_amount)}}

If you take Term Cover of ₹ {{custome_money_format($goal_amount)}} and do Monthly SIP of ₹ {{custome_money_format($monthly_sip_amount)}} you may be assured of minimum payout of
₹ {{custome_money_format($goal_amount)}} either on survival at age {{$term_insurance_period+$current_age}} or unfortunate event of death, subject to fund performance at expected rate of return mentioned herewith.

* Mutual fund investments are subject to marker risks, read all scheme related documents carefully.
* Returns are not guaranteed. The above is for illustration purpose only.

@include('frontend.calculators.common.footer') @if(isset($report) && $report=='detailed')
 

Yearwise Projected Value

@for($i=1;$i<=$term_insurance_period;$i++) @php //Annual Investment (Insurance Premium + SIP) AS59+AT59*12 $annual_investment = $term_insurance_annual_premium+$monthly_sip_amount*12; //Year End Value (1+AW59)*AT59*(((1+AW59)^(AV59*12)-1)/AW59) $year_end_value = (1+$rate_of_return2)*$monthly_sip_amount*(((1+$rate_of_return2)**($i*12)-1)/$rate_of_return2); $current_age++; @endphp @if($i%25==0 && $term_insurance_period>25 && $term_insurance_period>$i)
Age Life Cover Annual Investment
(Insurance Premium + SIP)		 Year End SIP Value @ {{$rate_of_return?number_format($rate_of_return, 2, '.', ''):0}} % In case of Death
(Life Cover + SIP Value)
{{$current_age}} ₹ {{custome_money_format($goal_amount)}} ₹ {{custome_money_format($annual_investment)}} ₹ {{custome_money_format($year_end_value)}} ₹ {{custome_money_format($goal_amount+$year_end_value)}}
@include('frontend.calculators.common.footer')
 
@endif @endfor
Year Life Cover Annual Investment
(Insurance Premium + SIP)		 Year End SIP Value @ {{$rate_of_return?number_format($rate_of_return, 2, '.', ''):0}} % In case of Death
(Life Cover + SIP Value)

*Returns are not guaranteed. The above is for illustration purpose only. Report Date : {{date('d/m/Y')}}

@include('frontend.calculators.common.footer') @endif @include('frontend.calculators.suggested.pdf')