ravi retire and enjoy 48y to 75y

8/3/2019 Ravi Retire and Enjoy 48y to 75y

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Presented by

e-mail. [email protected] / web:licagentsecunderabad.blogspot.comHarsmathpet, Secunderabad- 11, Ph:9849914911

Flat N0-G2,Aarthi Residency,

For Life , Health & General

Insurance Adviser

SRIDHAR VOOTURI

Insurance Proposal for

from age 48 to 75

for Annual Income of Rs. 61000/-

Mr. Ravi



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. Ravi

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.59468/- p.a. from your own

funds till your age of 47 years. This proposal provides for

a high riskcover of Rs.1496400/- starting at age 33 and

growing to Rs.2842370/- at age 48.

In the year 2026 when you will be 48 years of age, you

will start receiving annual tax free income every year till

75 years of your age. Income starts at Rs. 78228 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 47.

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

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

u

Presented by

e-mail. [email protected] / web:licagentsecunderabad.blogspot.com

Harsmathpet, Secunderabad- 11, Ph:9849914911



Insurance Adviser

SRIDHAR VOOTURI

The effective yield in the above proposal works out to 9.81 % (calculated as per IRR method).

u

The benefits shown in this presentation is based on forecast of future bonuses expected from L.I.C.. These bonuses are not

guaranteed and have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.



Insurance Adviser

SRIDHAR VOOTURI





MagicPlan - Retire And Enjoy - I

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)33Mr. Ravi

28/12/2011176

Sum Proposed 59468Yearly Premium1430000

:

:

:

:

:

:

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

:

Benefits During Deferment Period

Year Age

Risk Cover Yearly

Premium

Tax

Saved

Net

Premium

Loan

Available AccidentNormal

2011 33 1496400 59468 4109418374 02926400

2012 34 1562800 59468 4109418374 02992800

2013 35 1653770 59468 4109418374 300003083770

2014 36 1736940 59468 4109418374 815003166940

2015 37 1822970 59468 4109418374 1167503252970

2016 38 1911860 59468 4109418374 1557503341860

2017 39 2003610 59468 4109418374 2002503433610

2018 40 2098220 59468 4109418374 2505003528220

2019 41 2195690 59468 4109418374 3055003625690

2020 42 2296020 59468 4109418374 3677503726020

2021 43 2399210 59468 4109418374 4387503829210

2022 44 2505260 59468 4109418374 5187503935260

2023 45 2614170 59468 4109418374 6095004044170

2024 46 2725940 59468 4109418374 7122504155940

2025 47 2842370 59468 4109418374 8330004272370

892020 616410275610

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



Insurance Adviser

SRIDHAR VOOTURI





MagicPlan - Retire And Enjoy - I

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)33Mr. Ravi

28/12/2011176

Sum Proposed 59468Yearly Premium1430000

:

:

:

:

:

:

30.90 %: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.

Loan Available

NetReceivable

TaxSaved

NetPremium AccidentNormal

DesiredIncome

2026 48 2840055 37992 7822854979 116220 86350016987 379924205055 61000

2027 49 2842810 35322 8593851115 121260 88825015793 353224147810 61000

2028 50 2842550 33029 8280147797 115830 91850014768 330294092550 61000

2029 51 2847000 31035 7811544912 109150 95750013877 310354047000 61000

2030 52 2844850 29152 8444842187 113600 99425013035 291523994850 61000

2031 53 2835800 27368 9078239605 118150 102950012237 273683935800 61000

2032 54 2828700 25666 10343437142 129100 105775011476 256663878700 61000

2033 55 2842000 24039 11086134788 134900 108375010749 240393842000 61000

2034 56 2842400 22479 11982132531 142300 110625010052 224793792400 61000

2035 57 2874600 20982 12881830364 149800 11252509382 209823774600 61000

2036 58 2888300 19541 14035928279 159900 11400008738 195413738300 61000

2037 59 2883200 18151 15194926267 170100 11502508116 181513683200 61000

2038 60 2859000 16808 16359224323 180400 11550007515 168083609000 61000

2039 61 2815400 15508 17529222442 190800 11530006934 155083515400 61000

2040 62 2752100 14247 18705320617 201300 11452506370 142473402100 61000

2041 63 2698800 13021 19887918843 211900 11295005822 130213298800 61000

2042 64 2620200 11825 21327517112 225100 11050005287 118253170200 61000

2043 65 2516000 10656 22774415420 238400 10717504764 106563016000 61000

2044 66 2385900 9510 24229013762 251800 10287504252 95102835900 61000

2045 67 2229600 8388 25691212138 265300 9750003750 83882629600 61000

2046 68 2046800 7286 27161410543 278900 9107503257 72862396800 61000

2047 69 1837200 6203 2863978975 292600 8342502772 62032137200 61000

2048 70 1600500 5136 3012647431 306400 7447502295 51361600500 61000

2049 71 1336400 3945 3163555709 320300 6392501764 39451336400 610002050 72 1082100 2941 3313594256 334300 5157501315 29411082100 61000

2051 73 734800 1951 3589492823 360900 371500872 1951734800 61000

2052 74 374200 970 3666301404 367600 203750434 970374200 61000

2053 75 0 0 3744000 374400 00 00 61000

655764 5980710 453151 5527559

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

The benefits shown in this presentation is based on forecast of future bonuses expected from L.I.C.. These bonuses are not guaranteed

and have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.

The effective yield in the above proposal works out to 9.81 % (calculated as per IRR method).

ravi retire and enjoy 48y to 75y

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