lic - retire and enjoy

Presented by

E-Mail : [email protected]

Mobile : 94441 09708

Vinayagapuram, Chennai - 600099

No : 100, Sri Padmavathi Nagar,

Family Investment Consultant

V. THIAGARAJAN

Insurance Proposal for

from age 56 to 75

for Annual Income of Rs. 129000/-

Mr. T. ASHOK KUMAR

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. T. ASHOK 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.38057/- p.a. from your own

funds till your age of 55 years. This proposal provides

for a high riskcover of Rs.1259800/- starting at age 31

and growing to Rs.3405000/- upto age 56.

In the year 2036 when you become 56 years of age,

this plan will provide for regular tax-free income to

support your comfortable retired life till age 75. The

income has been planned such that it takes care of

inflation of 5% every year. 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 55.

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-2009. 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


Mobile : 94441 09708




V. THIAGARAJAN

The effective yield in the above proposal works out to 8.71 % (calculated as per IRR method).u

u


V. THIAGARAJAN



Mobile : 94441 09708


MagicPlan - Retire And Enjoy - V

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)31Mr. T. ASHOK KUMAR

13/04/20112011-Ashok

Sum Proposed 38057Yearly Premium1200000

:

:

:

:

:

:

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

Benefits During Deferment Period

Age

Yearly

Premium

Loan

AvailableYear

Risk Cover

Normal Accident

2011 038057 125980031 2459800

2012 038057 131960032 2519600

2013 1250038057 137940033 2579400

2014 4275038057 143920034 2639200

2015 6075038057 149900035 2699000

2016 8000038057 155880036 2758800

2017 10025038057 161860037 2818600

2018 12150038057 167840038 2878400

2019 14500038057 173820039 2938200

2020 17000038057 179800040 2998000

2021 19800038057 185780041 3057800

2022 22650038057 191760042 3117600

2023 26025038057 197740043 3177400

2024 29675038057 203720044 3237200

2025 33700038057 211900045 3319000

2026 38075038057 220080046 3400800

2027 42925038057 227910047 3479100

2028 48175038057 236790048 3567900

2029 54050038057 246270049 3662700

2030 60550038057 262800050 3828000

2031 67700038057 278340051 3983400

2032 75650038057 293880052 4138800

2033 84375038057 309420053 4294200

2034 94300038057 324960054 4449600

2035 105700038057 340500055 4605000

951425

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


V. THIAGARAJAN



Mobile : 94441 09708


MagicPlan - Retire And Enjoy - V

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)31Mr. T. ASHOK KUMAR

13/04/20112011-Ashok

Sum Proposed 38057Yearly Premium1200000

:

:

:

:

:

:

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

Benefits during the Retirement Period

Yr Age

Risk CoverYearly

Premium

Returns

From L.I.C.

Prem.

Pymt.

Loan

Available

Nett

SurplusAccident Normal

Desired

Income

Existing

Cash In

Existing

Cash Out

342872056 105975032441 1680004468720 129000 13555936 32441 0 0

343228057 105700030077 1780804412280 135450 14800337 30077 0 0

343220058 106100027987 1724804357200 142222 14449338 27987 0 0

341364059 106200025967 1817204283640 149333 15575339 25967 0 0

337660060 105775024011 1909604191600 156800 16694940 24011 0 0

334128061 104850022113 2002004101280 164640 17808741 22113 0 0

328028062 103500020310 2105403985280 172872 19023042 20310 0 0

320360063 101525018552 2208803853600 181516 20232843 18552 0 0

310624064 99025016834 2312203701240 190592 21438644 16834 0 0

298820065 95850015153 2415603528200 200122 22640745 15153 0 0

287858066 92075013507 2519003363580 210128 23839346 13507 0 0

274168067 87600011893 2655403171680 220634 25364747 11893 0 0

258250068 82425010309 2791802957500 231666 26887148 10309 0 0

239604069 7645008751 2928202716040 243249 28406949 8751 0 0

221040070 7092507307 2636002210400 255411 25629350 7307 0 0

195196071 6472505662 2760001951960 268182 27033851 5662 0 0

164689072 5620004223 3199901646890 281591 31576752 4223 0 0

133654073 4640002800 3226301336540 295671 31983053 2800 0 0

102091074 3522501393 3252701020910 310455 32387754 1393 0 0

70000075 2180000 327910700000 325978 32791055 0 0 0

080 00 7280000 0 72800060 0 0 0

0 0299290 2992905648480 5349190

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

u

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

ended 31-Mar-2009 . 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 (based on maturity benefits) works out to 8.71 % (calculated as per IRR method ).u

The nett annuity is increasing every year to take care of the inflation @ 5.00 % (approximately).u

lic - retire and enjoy

Documents