Max Life Group Credit Life Secure - Premium calculator mobile application enables the user to compute the premium amount for three types of loans namely Housing Loan, Asha Home Loan and Loan Against Property. The application accepts following inputs from the user:
• Data of birth of applicant
• Loan Amount in Indian Rupees
• Interest rate in %
• Loan Tenure in Years
• Whether to the finance the premium amount or not.
Based on these inputs gathered from the user the application will compute the premium amount and other details as mentioned below:
• Age of the borrower in years.
• Eligible tenure in years.
• Total sum assured in rupees.
• Total Premium for Group Credit Life Secure including Service Tax.
• Savings when special rates are considered for computations
This is a premium generation calculator for internal circulation and training purpose.