MaxLife PCHFL Premium Calc

iPhone / Finance

Max Life Group Life Secure - Premium calculator mobile application enables the users to compute the premium amount for Mortgage Loan (Reducing and Level Cover). The application accepts the following inputs from the user.

•Date of birth of applicant
•Loan Amount in Indian Rupees
•Interest Rate in %
•Loan Tenure in Years
•Whether to finance the premium amount or not

Based on the inputs gathered from the user the application will compute the premium amount and other details as mentioned below:

•Age of borrower in years.
•Eligible tenure in years.
•Total sum assured in rupees.
•Total Premium for Group Credit Life Secure including Service Tax
•Tentative EMI