LIC plan2

8/7/2019 LIC plan2

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Presented by

[email protected]

PH. 09811896425, 09212201725

Delhi LIC Agent

LIFE INSURANCE CORPORATION OF INDIA

Harish Chand

Insurance Proposal for

from age 40 to 50

for Annual Income of Rs. 237000/-

Mr. Manish

8/7/2019 LIC plan2


Magic-Plan Retire & Enjoy is a combination of LIC plans specially researched to meet the objective of securing a financially

independent life for yourself and your spouse on retirement.u

Overview of Insurance & Retirement Plan for

Mr. Manish

The objective of this proposal is to provide financial security to your family during your

productive span and a happy independent retired lifestyle for yourself and your spouse

when you decide to retire.

Under this insurance proposal you will need to make

premium payments of Rs.71575/- p.a. from your own

funds till your age of 39 years. This proposal provides for

a high riskcover of Rs.1525250/- starting at age 24 and

growing to Rs.2525900/- at age 40.

In the year 2027 when you will be 40 years of age, you

will start receiving annual tax free income every year till

50 years of your age. Income starts at Rs. 263817 per

annum and increases by approximately 0.00 % every

year to take care of inflating costs of living. There is a

provision of risk cover during this period too. In case of death during this period lump sum amount corresponding

to the prevailing risk cover will be paid to your nominee.

No premiums are payable from own fund after deferment

period, that is, after age 39.

Premiums are available for exemption under sec.80 CCE of

income tax act upto Rs.100000/- per annum.

In the event of any emergency or financial difficulties,

there is a provision under this Magic Plan to provide loan

against the insurance policy. The loan is available after 2

years of completion of the policy and payment of 3 yearly

premiums.

Disclaimer

The benefits shown in this presentation have been calculated on the basis of interim bonuses declared by LIC for the year

ended 31-Mar-2010. Actual results may deviate depending on the future bonuses declared by LIC.

Loan calculation is done on the basis of present surrender value rates.

u

Presented by

www.delhiLICagent.com

[email protected]

PH. 09811896425, 09212201725

Delhi LIC Agent


Harish Chand

The effective yield in the above proposal works out to 9.76 % (calculated as per IRR method).u

u

8/7/2019 LIC plan2



Harish Chand

Delhi LIC Agent

PH. 09811896425, 09212201725

[email protected]


MagicPlan - Retire And Enjoy - I

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)24Mr. Manish

21/01/201150000

Sum Proposed 71575Yearly Premium1460000

:

:

:

:

:

:

Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt. 33.99 %100000:

:

Benefits During Deferment Period

Year Age

Risk Cover Yearly

Premium

Tax

Saved

Net

Premium

Loan

AvailableAccidentNormal

2011 24 1525250 71575 4724524330 02985250

2012 25 1590500 71575 4724524330 03050500

2013 26 1655750 71575 4724524330 535003115750

2014 27 1721000 71575 4724524330 1260003181000

2015 28 1786250 71575 4724524330 1737503246250

2016 29 1851500 71575 4724524330 2280003311500

2017 30 1916750 71575 4724524330 2902503376750

2018 31 1982000 71575 4724524330 3587503442000

2019 32 2047250 71575 4724524330 4357503507250

2020 33 2112500 71575 4724524330 5215003572500

2021 34 2177750 71575 4724524330 6172503637750

2022 35 2243000 71575 4724524330 7245003703000

2023 36 2308250 71575 4724524330 8460003768250

2024 37 2373500 71575 4724524330 9842503833500

2025 38 2453350 71575 4724524330 11402503913350

2026 39 2525900 71575 4724524330 13285003985900

1145200 755920389280

* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".

8/7/2019 LIC plan2



Harish Chand

Delhi LIC Agent

PH. 09811896425, 09212201725

[email protected]



Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)24Mr. Manish

21/01/201150000


:

:

:

:

:

:

33.99 %:100000: Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt.

Benefits during the Retirement Period

Year Age

Risk Cover

Returns From LIC

YearlyPremium

AmountReceived

Used forPrem. Pymt.

LoanAvailable

NetReceivable

TaxSaved

NetPremiumAccidentNormal

DesiredIncome

2027 40 2286330 39843 26381760362 303660 124700020519 398433566330 237000

2028 41 2047650 33321 26145950481 294780 115925017160 333213157650 237000

2029 42 1811270 27572 25738841771 284960 106525014199 275722761270 237000

2030 43 1582600 22504 25169634093 274200 96725011589 225042382600 237000

2031 44 1347990 17888 25471227100 272600 8557509212 178882002990 237000

2032 45 1121400 13966 25357421158 267540 7335007192 139661646400 237000

2033 46 912870 10522 24579815941 256320 6070005419 105221317870 237000

2034 47 690780 7380 25183011181 259210 4665003801 7380980780 237000

2035 48 468050 4643 2454677034 250110 3207502391 4643653050 237000

2036 49 241020 2210 2381403348 240350 1707501138 2210331020 237000

2037 50 0 0 2410200 241020 00 00 237000

272469 2944750 179849 2764901

u Magic-Plan Retire & Enjoy is a combination of LIC plans specially researched to meet the objective of securing a financially

independent life for yourself and your spouse on retirement.

u

Loan calculation is done on the basis of present surrender value ratesu

The benefits shown in this presentation have been calculated on the basis of interim bonuses declared by LIC for the year

ended 31-Mar-2010 . Actual results may deviate depending on the future bonuses declared by LIC.

Loan calculation is done on the basis of present surrender value rates.

The effective yield in the above proposal works out to 9.76 % (calculated as per IRR method).u

8/7/2019 LIC plan2



Harish Chand

Delhi LIC Agent

PH. 09811896425, 09212201725

[email protected]



Quotation Ref.No.

Proposer’s Name Proposer’s DOB

Quotation Date

Mr. Manish

21/01/201150000


:

:

:

:

:

:

Age : 24 (ANB)21/01/1987

33.99 %:100000: Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt.

Agent's Copy

Yly.Hly.

P R E M I U M

Qly.Mly.SSSFAB

* Bonus

Rate

DAB

SumSumPlan/Tm/PPT

Sr.

No.

#Assu

Step

Rate

Interim

Bonus

Rate

112135694289110139641518000018000014/16/161 0.004242

9881501825488928492017000017000014/17/172 0.004242

8710442322467877492516000016000014/18/183 0.004242

7678389919806946603015000015000014/19/194 0.004242

6993355218036326014014500014500014/20/205 0.004242

5942301815325375115013000013000014/21/216 0.004848

5217265013454714488012000012000014/22/227 0.004848

47602418122843040915011500011500014/23/238 0.004848

41472106107037535723010500010500014/24/249 0.004848

36861871950332317330950009500014/25/2510 0.004848

33481700863302288430900009000014/26/2611 0.004848

7157536349184566465615314600001460000

'#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.2.

'*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2011.1.

LIC plan2

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