retire and enjoy lic

8/8/2019 Retire and Enjoy LIC

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Presented by

www.delhiLICagent.com

INDIA, 9811896425, 9212201725

NEW DELHI- 110087

577, GH-9, PASCHIM VIHAR

Delhi LIC Agent

Harish Chand

Insurance Proposal for

from age 51 to 75

for Annual Income of Rs. 172000/-

Mr. RAKESH CHATURVEDI


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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


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 ofRs .45085/- p.a. from your own

funds till your age of50 years. This proposal provides

for a high riskcover ofRs .1482920/ - starting at age 28

and growing to Rs .3530760/ - at age 51 .

In the year 2033 when you will be 51 years of age, you

will start receiving annual tax free income every year till

75 years of your age. Income starts at Rs .188888 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 ofdeath 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 50 .

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


INDIA, 9811896425, 9212201725

NEW DELHI- 110087


Delhi LIC Agent

Harish Chand

The effective yield in the above proposal works out to 8.93 % (calculated as per IRR method).u

u


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Delhi LIC Agent

Harish Chand


NEW DELHI- 110087

INDIA, 9811896425, 9212201725


MagicPlan - Retire And Enjoy - I

Quotation Ref.No.

Proposers Name Proposers Age

Quotation Date

(nearer birthday)28Mr. RAKESH CHATURVEDI

21/06/2010HC001

Sum Proposed 45085Yearly Premium1415000

:

:

:

:

:

:

Sec.80 CCE Tax RebateSec.80 CCE Inv t. Lmt. 33.99 %100000: :

Benefits During Deferment Period

Year Age

Risk Cover Yearly

Premium

Tax

Saved

Nett

Premium

Loan

AvailableAccidentNormal

2010 28 1482920 45085 2976015325 02897920

2011 29 1550840 45085 2976015325 02965840

2012 30 1618760 45085 2976015325 132503033760

2013 31 1686680 45085 2976015325 515003101680

2014 32 1754600 45085 2976015325 735003169600

2015 33 1822520 45085 2976015325 962503237520

2016 34 1890440 45085 2976015325 1217503305440

2017 35 1958360 45085 2976015325 1487503373360

2018 36 2026280 45085 2976015325 1792503441280

2019 37 2094200 45085 2976015325 2117503509200

2020 38 2162120 45085 2976015325 2480003577120

2021 39 2230040 45085 2976015325 2880003645040

2022 40 2297960 45085 2976015325 3332503712960

2023 41 2365880 45085 2976015325 3817503780880

2024 42 2447100 45085 2976015325 4357503862100

2025 43 2528320 45085 2976015325 4932503943320

2026 44 2621215 45085 2976015325 5587504036215

2027 45 2717010 45085 2976015325 6290004132010

2028 46 2819880 45085 2976015325 7082504234880

2029 47 2996400 45085 2976015325 7957504411400

2030 48 3174520 45085 2976015325 8947504589520

2031 49 3352640 45085 2976015325 10055004767640

2032 50 3530760 45085 2976015325 11350004945760

1036955 684480352475

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


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Delhi LIC Agent

Harish Chand


NEW DELHI- 110087

INDIA, 9811896425, 9212201725



Quotation Ref.No.

Proposers Name Proposers Age

Quotation Date

(nearer birthday)28Mr. RAKESH CHATURVEDI

21/06/2010HC001


:

:

:

:

:

:

33.99 %:100000: Sec.80 CCE Tax RebateSec.80 CCE Inv t. Lmt.

Benefits during the Retirement Period

Year Age

Risk Cover

Returns From LIC

YearlyPremium

AmountReceived

Used forPrem. Pymt.

LoanAvailable

NettReceivable

TaxSaved

NettPremiumAccidentNormal

DesiredIncome

2033 51 3481760 27352 18888841437 216240 111200014085 273524811760 172000

2034 52 3425000 25183 18857738151 213760 109075012968 251834675000 172000

2035 53 3397400 23233 18676735197 210000 107000011964 232334572400 172000

2036 54 3360280 21485 18627532549 207760 105100011064 214854465280 172000

2037 55 3316160 19922 18391830181 203840 103625010259 199224356160 172000

2038 56 3250200 18416 19634427899 214760 10152509483 184164225200 172000

2039 57 3180600 17073 19124725865 208320 9982508792 170734095600 172000

2040 58 3149580 15883 18431724062 200200 9860008179 158834009580 172000

2041 59 3060380 14726 19581422309 210540 9692507583 147263865380 172000

2042 60 2988000 13601 20727920604 220880 9457507003 136013738000 172000

2043 61 2927400 12573 18662719046 199200 9292506473 125733627400 172000

2044 62 2847000 11568 19753217524 209100 9072505956 115683497000 172000

2045 63 2746800 10586 20841416036 219000 8805005450 105863346800 172000

2046 64 2626800 9625 21927514580 228900 8477504955 96253176800 172000

2047 65 2512000 8683 23011713153 238800 8100004470 86833012000 172000

2048 66 2372400 7758 24344211752 251200 7652503994 77582822400 172000

2049 67 2208000 6850 25675010376 263600 7150003526 68502608000 172000

2050 68 1948800 5956 2700449021 276000 6587503065 59562298800 172000

2051 69 1684800 5075 2733257686 278400 5952502611 50751984800 172000

2052 70 1416000 4206 2765946370 280800 5242502164 42061416000 172000

2053 71 1142400 3215 2799854869 283200 4442501654 32151142400 172000

2054 72 864000 2398 2832023632 285600 3540001234 2398864000 172000

2055 73 580800 1591 2864092410 288000 251750819 1591580800 172000

2056 74 292800 792 2896081200 290400 136250408 792292800 1720002057 75 0 0 2928000 292800 00 00 172000

435909 5991300 287750 5703550

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-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 works out to 8.93 % (calculated as per IRR method).u


5/5

Delhi LIC Agent

Harish Chand


NEW DELHI- 110087

INDIA, 9811896425, 9212201725



Quotation Ref.No.

Proposers Name Proposers DOB

Quotation Date


21/06/2010HC001


:

:

:

:

:

:

Age :28 (ANB)28/02/1982

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

DA B

SumSumPlan/Tm/PPT

Sr .

No .

#Assu

Step

Rate

Interim

Bonus

Rate

36481852940329313440850008500014/23/231 0.004848

32861669847296282520800008000014/24/242 0.004848

29541500761266254600750007500014/25/253 0.004848

26481345682239227720700007000014/26/264 0.004848

23681202610214203840650006500014/27/275 0.004848

22821159588206196960650006500014/28/286 0.004848

203410335241831751080600006000014/29/297 0.004848

18039164651631551200550005500014/30/308 0.004848

17538904521581511340550005500014/31/319 0.004848

17058654391541461480550005500014/32/3210 0.004848

15587914011401341400500005000014/33/3311 0.004848

15227723921371311550500005000014/34/3412 0.004848

14887553831341281700500005000014/35/3513 0.004848

14567393751311251850500005000014/36/3614 0.004848

14277243671281222000500005000014/37/3715 0.004848

14017113611261202200500005000014/38/3816 0.004848

13766983541241182400500005000014/39/3917 0.004848

13556873491221162600500005000014/40/4018 0.004848

13356783441201152600500005000014/41/4119 0.004848

13166683391181132600500005000014/42/4220 0.004848

13016603351171122600500005000014/43/4321 0.004848

12876533311161102600500005000014/44/4422 0.004848

12726463271141092600500005000014/45/4523 0.004848

12606393241131082600500005000014/46/4624 0.00484812506343221121072600500005000014/47/4725 0.004848

4508522886116124060387014150001415000

'#' : - 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-2010.1.

retire and enjoy lic

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