Max Life Group Life Secure - Premium calculator mobile application enables the users to compute the premium amount for Education Loan. 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