Death Benefit Provident Fund Calculator

Use the Death Benefit Provident Fund Calculator to calculate the retirement benefit payable as a monthly pension, fixed lump sum payable at the point of retirement, disability of at death.

Death Benefit Provident Fund Calculator

Your Current Age		*Enter the Current Age *Current age should be within 100
Your Retirement Age		*Enter the Retirement Age *Retired age should be within 100
Your Current EPF Balance		*Enter the current EPF Amount
Your Monthly Basic Pay		*Enter the monthly basic pay
Employee Contribution to EPF (%)		*Enter the Employee contribution to EPF *Enter the Employee contribution within 100
Employer's Contribution to EPF (%)		*Enter the Employer Contribution to EPF *Enter the Employer Contribution within 100
Average Expected Hike Every Year (%)		*Enter the expected salary hike
Current Interest Rate (%)		*Enter the current interest rate *Enter the interest rate within 100

Death Benefit Provident Fund Calculator Results

Death Benefit Provident Fund

The death benefit provident fund is an insurance policy that provides financial support to the family or dependents of the policyholder in case of the policyholder's death. To calculate the death benefit provident fund, you can use a death benefit provident fund calculator. In this tutorial, we'll go over everything you need to know about the death benefit provident fund calculator, including its formula, interesting facts, and real-life examples.

Interesting Facts about Death Benefit Provident Funds

Before we dive into the death benefit provident fund calculator, here are some interesting facts about death benefit provident funds that you may not know:

• Death benefit provident funds are a type of life insurance policy.
• Policyholders can choose the amount of coverage and the beneficiaries who will receive the death benefit.
• The death benefit can be used to pay for funeral expenses, outstanding debts, and other expenses.
• Death benefit provident funds can provide financial security to the policyholder's family or dependents in case of the policyholder's unexpected death.

The Formula for Death Benefit Provident Fund Calculation

The death benefit provident fund calculator uses a formula to calculate the death benefit amount. Here's the formula:

Let's break this down. "Sum Assured" refers to the coverage amount chosen by the policyholder. "Total Bonus" refers to any bonuses that may be paid out by the insurance company. "Interest Rate" refers to the interest rate offered by the insurance company. "n" refers to the number of years for which the policy has been in force. By plugging in the sum assured, total bonus, interest rate, and number of years, we can calculate the death benefit amount.

Real-Life Example

Let's say you have a death benefit provident fund policy with a sum assured of $500,000, a total bonus of $50,000, an interest rate of 5%, and the policy has been in force for 10 years. What is the death benefit amount?

First, we need to calculate the interest factor:

Next, we can calculate the death benefit amount:

Knowing how to calculate the death benefit amount can help you choose the right death benefit provident fund policy for your needs. By using the death benefit provident fund calculator, you can determine the death benefit amount and make an informed decision about your life insurance policy.

Conclusion

The death benefit provident fund calculator is a valuable tool for anyone who wants to purchase a life insurance policy. By using the formula we outlined above, policyholders can calculate the death benefit amount and choose a policy that provides financial security to their family or dependents in case of their unexpected death. Whether you're a beginner or an experienced policyholder, the death benefit provident fund calculator is a valuable resource that can help you make informed decisions about your life insurance policy.