r8y

8/13/2019 r8y

http://slidepdf.com/reader/full/r8y 1/5

Presented by

e-mail. [email protected]: 4060 1000 Fax:4060 1226.

Andheri(W), Mumbai - 400 053.

205-206, C-Wing, Crystal Plaza,New Link Road,

Sample Report For Demonstration Purpose Only

JASWANT RAI

Insurance Proposal for

from age 60 to 85

for Annual Income of Rs. 383000/-

Mr. Rahul

8/13/2019 r8y


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. Rahul

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.60080/- p.a. from your own

funds till your age of 59 years. This proposal provides

for a high riskcover of Rs.1949100/- starting at age 32

and growing to Rs.6639850/- at age 60.

No premiums are payable from own fund after deferment

period, that is, after age 59.

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.

Presented by

e-mail. [email protected]

Tel: 4060 1000 Fax:4060 1226.




JASWANT RAI

The effective yield in the above proposal works out to 8.60 % (calculated as per IRR method).

In the year 2041 when you will be 60 years of age, you

will start receiving annual tax free annuities every year

till 85 years of your age. There is a provision of risk

cover during this period too (that is in the annuity

receiving period). In case of death during this period a

lump sum amount corresponding to the prevailing riskcover will be paid to your nominee.

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.

8/13/2019 r8y



JASWANT RAI



Tel: 4060 1000 Fax:4060 1226.


MagicPlan - Retire And Enjoy - IV

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)32Mr. Rahul

04/03/201316

Sum Proposed 60080Yearly Premium1855000

:

:

:

:

:

:

:Desired Annuity 383000

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

2013 32 1949100 60080 4151618564 03804100

2014 33 2093300 60080 4151618564 03948300

2015 34 2212450 60080 4151618564 312504067450

2016 35 2331600 60080 4151618564 895004186600

2017 36 2450750 60080 4151618564 1240004305750

2018 37 2569900 60080 4151618564 1612504424900

2019 38 2689050 60080 4151618564 2017504544050

2020 39 2808200 60080 4151618564 2442504663200

2021 40 2927350 60080 4151618564 2902504782350

2022 41 3046500 60080 4151618564 3395004901500

2023 42 3165650 60080 4151618564 39650050206502024 43 3284800 60080 4151618564 4617505139800

2025 44 3403950 60080 4151618564 5342505258950

2026 45 3523100 60080 4151618564 6140005378100

2027 46 3678150 60080 4151618564 7020005533150

2028 47 3806575 60080 4151618564 7987505661575

2029 48 3935000 60080 4151618564 9055005790000

2030 49 4063425 60080 4151618564 10227505918425

2031 50 4209200 60080 4151618564 11525006064200

2032 51 4364250 60080 4151618564 12820006219250

2033 52 4536650 60080 4151618564 14300006391650

2034 53 4746150 60080 4151618564 15945006601150

2035 54 5047200 60080 4151618564 17810006902200

2036 55 5349450 60080 4151618564 19895007204450

2037 56 5654100 60080 4151618564 22367507509100

2038 57 5958750 60080 4151618564 25125007813750

2039 58 6299300 60080 4151618564 28195008154300

2040 59 6639850 60080 4151618564 31627508494850

1682240 1162448519792

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

8/13/2019 r8y



JASWANT RAI



Tel: 4060 1000 Fax:4060 1226.



Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)32Mr. Rahul

04/03/201316


:

:

:

:

:

:

383000:Desired Annuity

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

Benefits during the Retirement Period

Age

Risk Cover Annual

Premium

Maturity

Amount

Paid for

Premium

Loan

Available

Net Amt

Available AccidentNormal

Net

Premium Year

Tax

Saved

Cash Flow from LIC

Yearly

Installment*

2041 304938060 10780 886500395540156003609380 4063204820 10780 3738390

2042 325260061 10780 958750416325156003812600 4271054820 10780 0

2043 346372062 10780 1037500416325156004023720 4271054820 10780 0

2044 371434063 10780 1124750416325156004274340 4271054820 10780 0

2045 396496064 10780 1221500416325156004524960 4271054820 10780 0

2046 421558065 10780 1329500416325156004775580 4271054820 10780 0

2047 446620066 10780 1459250416325156005026200 4271054820 10780 0

2048 471682067 10780 1603250416325156005276820 4271054820 10780 0

2049 496744068 10780 1764000416325156005527440 4271054820 10780 0

2050 521806069 10780 1943500416325156005778060 4271054820 10780 0

2051 170660070 0 44200042710501706600 4271050 0 3587360

2052 178250071 0 46375045982801782500 4598280 0 0

2053 180090072 0 48625045982801800900 4598280 0 0

2054 181930073 0 50875045982801819300 4598280 0 0

2055 183770074 0 53175045982801837700 4598280 0 0

2056 185610075 0 55500045982801856100 4598280 0 0

2057 187450076 0 57850045982801874500 4598280 0 0

2058 189290077 0 60225045982801892900 4598280 0 0

2059 191130078 0 62600045982801911300 4598280 0 0

2060 192970079 0 65000045982801929700 4598280 0 0

2061 080 0 045982800 4598280 0 1929700

2062 081 0 043217600 4321760 0 0

2063 082 0 043217600 4321760 0 0

2064 083 0 043217600 4321760 0 0

2065 084 0 043217600 4321760 0 0

2066 085 0 043217600 4321760 0 0

156000 9255450 107800 11328730

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.

Loan 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 8.60 % (calculated as per IRR method).

* Yearly Installment : Under settlement scheme of LIC, you can take the maturity amount in installments in lieu of lumpsum

amount.

8/13/2019 r8y



JASWANT RAI



Tel: 4060 1000 Fax:4060 1226.



Quotation Ref.No.

Proposer’s Name Proposer’s DOB

Quotation Date

Mr. Rahul

04/03/201316


:

:

:

:

:

:

Age : 32 (ANB)04/03/1981

383000:Desired Annuity

30.90 %: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

69093510178362559435502300002300005/28/281 0.008070

42332150109238336465012000012000014/28/282 0.006248

333381693485993014286779094500094500014/28/283 0.006248

156007925402514111342305056000056000014/38/384 0.006248

18550001855000 5167 6008030519154995433

'#' : - 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-2013.1.

r8y

Documents