anil - endowment

8/12/2019 Anil - Endowment

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An innovative Retirement solution

for

Mr. ANIL KUMAR

to provide Annual Income of

Rs.2,40,000 from age 55 to 70

RAJAHMUNDRY MOBILE: 9292306820

AGENT:G CHRISTOPHER LIC OF INDIA RURAL BRANCH

Sample Report For Demonstration Purpose Only

K V S APPAJI

Presented by



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.

Overview of Insurance & Retirement Plan for

Mr. ANIL KUMAR

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.40274/- p.a. from your own funds till your

age of 54 years. This proposal provides for a high riskcover of

Rs.1252360/- starting at age 29 and growing to

Rs.3235010/- upto age 55.

In the year 2040 when you become 55 years of age, this plan

will provide for regular tax-free income to support your

comfortable retired life till age 70. Additionally, this plan also

keeps your life covered in this period. In case of death during

this period a lumpsum amount shall be paid to your nominee.

No premiums are payable from own fund after deferment

period, that is, after age 54.

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 last bonus of plan no. 14 declared by LIC for the yearended 31-Mar-2013. Actual Results may deviate on the future performance of plan no. 814.

MOBILE: 9292306820

RAJAHMUNDRY

LIC OF INDIA RURAL BRANCH

AGENT:G CHRISTOPHER


K V S APPAJI

Presented by




K V S APPAJI

AGENT:G CHRISTOPHER


RAJAHMUNDRY

MOBILE: 9292306820

MagicPlan - Retire And Enjoy

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)29Mr. ANIL KUMAR

01/03/20142370 1

Sum Proposed 40274Yearly Premium1195000

:

:

:

:

:

:

Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt. 30.90 %100000: :

Benefits During Deferment Period

Age

Yearly

Premium

Loan

Available Year

Risk Cover

Normal Accident

2014 040274125236029 2447360

2015 039671130972030 2504720

2016 3150039671136708031 2562080

2017 9200039671142444032 2619440

2018 11900039671148180033 2676800

2019 14725039671153916034 2734160

2020 17650039671159652035 2791520

2021 21175039671165388036 2848880

2022 24900039671171124037 2906240

2023 28925039671176860038 2963600

2024 33250039671182596039 3020960

2025 37875039671188332040 3078320

2026 42850039671194068041 3135680

2027 48225039671199804042 3193040

2028 53925039671207025043 3265250

2029 60075039671213358544 3328585

2030 66700039671219692045 3391920

2031 73625039671226025546 3455255

2032 81175039671232649047 3521490

2033 89100039671239870048 3593700

2034 97675039671247381049 3668810

2035 106800039671257282050 3767820

2036 116675039671272253051 3917530

2037 127350039671288129052 4076290

2038 139125039671305815053 4253150

2039 152575039671323501054 4430010

1032049

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




K V S APPAJI

AGENT:G CHRISTOPHER


RAJAHMUNDRY

MOBILE: 9292306820


Quotation Ref.No.


Quotation Date


01/03/20142370 1


:

:

:

:

:

:

30.90 %:100000: Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt.

Benefits during the Retirement Period

Yr Age

Risk Cover Returns

From L.I.C.

Annual

Premium

Loan

Available

Nett

Income AccidentNormal

Desired

Income

Existing

Provision

Nett

Requirement

Additional

Needs312894055 14597502811904218940 240000 24570040 354900 0 240000

300466056 13937502836003994660 240000 25193841 316620 0 240000

284878057 13175002994003738780 240000 27142742 279730 0 240000

269660058 12302503152003486600 240000 29078643 244140 0 240000

253372059 11315003340003223720 240000 31303244 209680 0 240000

233574060 10220003588002925740 240000 34117345 176270 0 240000

209816061 9027503836002588160 240000 36922546 143750 0 240000

179098062 7760004134002180980 240000 40218647 112140 0 240000

144420063 6302504332001734200 240000 42506848 81320 0 240000

064 02440700 240000 24407049 00 0 240000

065 02440700 240000 24407050 00 0 240000

066 02440700 240000 24407051 00 0 240000

067 02440700 240000 24407052 00 0 240000

068 02440700 240000 24407053 00 0 240000

069 02440700 240000 24407054 00 0 240000

070 02440700 240000 24407055 00 0 240000

1918554810880 4619025

Magic-Plan Retire & Enjoy is a combination of LIC plans specially researched to meet the objective of securing a financially independent lifefor yourself and your spouse on retirement.

The benefits shown in this presentation have been calculated on the basis of last bonus of plan no. 14 declared by LIC for the year ended .31-Mar-2013 . Actual results may deviate on the future performance of plan no. 814 .

The income from age 64 to 70 is being provided through maturity of highest term policy settled in 7 installments.




K V S APPAJI

AGENT:G CHRISTOPHER


RAJAHMUNDRY

MOBILE: 9292306820


Quotation Ref.No.


Quotation Date


01/03/20142370 1


:

:

:

:

:

:

Insurance Facts

Year Age

Risk Cover Annual

Premium

Loan

Available

Net

Cashflow AccidentNormalTax

Saved

Net

Premium

Returns

From L.I.C.

Existing

Cashin Cashout

2014 29 1252360 2447360 40274 12072 28202 0 0 0 -40274 0

2015 30 1309720 2504720 39671 12072 27599 0 0 0 -39671 0

2016 31 1367080 2562080 39671 12072 27599 0 0 0 -39671 31500

2017 32 1424440 2619440 39671 12072 27599 0 0 0 -39671 92000

2018 33 1481800 2676800 39671 12072 27599 0 0 0 -39671 119000

2019 34 1539160 2734160 39671 12072 27599 0 0 0 -39671 147250

2020 35 1596520 2791520 39671 12072 27599 0 0 0 -39671 176500

2021 36 1653880 2848880 39671 12072 27599 0 0 0 -39671 211750

2022 37 1711240 2906240 39671 12072 27599 0 0 0 -39671 249000

2023 38 1768600 2963600 39671 12072 27599 0 0 0 -39671 289250

2024 39 1825960 3020960 39671 12072 27599 0 0 0 -39671 332500

2025 40 1883320 3078320 39671 12072 27599 0 0 0 -39671 378750

2026 41 1940680 3135680 39671 12072 27599 0 0 0 -39671 428500

2027 42 1998040 3193040 39671 12072 27599 0 0 0 -39671 482250

2028 43 2070250 3265250 39671 12072 27599 0 0 0 -39671 539250

2029 44 2133585 3328585 39671 12072 27599 0 0 0 -39671 600750

2030 45 2196920 3391920 39671 12072 27599 0 0 0 -39671 667000

2031 46 2260255 3455255 39671 12072 27599 0 0 0 -39671 736250

2032 47 2326490 3521490 39671 12072 27599 0 0 0 -39671 811750

2033 48 2398700 3593700 39671 12072 27599 0 0 0 -39671 891000

2034 49 2473810 3668810 39671 12072 27599 0 0 0 -39671 976750

2035 50 2572820 3767820 39671 12072 27599 0 0 0 -39671 1068000

2036 51 2722530 3917530 39671 12072 27599 0 0 0 -39671 1166750

2037 52 2881290 4076290 39671 12072 27599 0 0 0 -39671 1273500

2038 53 3058150 4253150 39671 12072 27599 0 0 0 -39671 1391250

2039 54 3235010 4430010 39671 12072 27599 0 0 0 -39671 1525750

2040 55 3128940 4218940 35490 10800 24690 281190 0 0 245700 1459750

2041 56 3004660 3994660 31662 9635 22027 283600 0 0 251938 1393750

2042 57 2848780 3738780 27973 8512 19461 299400 0 0 271427 1317500

2043 58 2696600 3486600 24414 7429 16985 315200 0 0 290786 1230250

2044 59 2533720 3223720 20968 6381 14587 334000 0 0 313032 1131500

2045 60 2335740 2925740 17627 5364 12263 358800 0 0 341173 1022000

2046 61 2098160 2588160 14375 4375 10000 383600 0 0 369225 902750

2047 62 1790980 2180980 11214 3413 7801 413400 0 0 402186 776000

2048 63 1444200 1734200 8132 2475 5657 433200 0 0 425068 630250

2049 64 0 0 0 0 0 244070 0 0 244070 0

2050 65 0 0 0 0 0 244070 0 0 244070 0 2051 66 0 0 0 0 0 244070 0 0 244070 0

2052 67 0 0 0 0 0 244070 0 0 244070 0

2053 68 0 0 0 0 0 244070 0 0 244070 0




K V S APPAJI

AGENT:G CHRISTOPHER


RAJAHMUNDRY

MOBILE: 9292306820


Year Age

Risk Cover Annual

Premium

Loan

Available

Net

Cashflow AccidentNormalTax

Saved

Net

Premium

Returns

From L.I.C.

Existing

Cashin Cashout

2054 69 0 0 0 0 0 244070 0 0 244070 0

2055 70 0 0 0 0 0 244070 0 0 244070 0

8516481223904 372256 4810880 0 0 3586976

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