Enjoyment Plan Lic

Presented by

EMAIL: [email protected]

MOB:9986666645/9980111007

J.C. ROAD, BANGALORE-560002

LIC OF INDIA, D.A. BRANCH,1ST FLOOR, JEEVANPRAKASH BUILDING

DEVELOPMENT OFFICER

KUMAR K

Insurance Proposal for

from age 51 to 70

for Annual Income of Rs. 200000/-

Mr. Gangadhara

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. Gangadhara

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.95945/- p.a. from your own

funds till your age of 50 years. This proposal provides

for a high riskcover of Rs.2332990/- starting at age 33

and growing to Rs.4142658/- at age 51.

In the year 2031 when you will be 51 years of age, you

will start receiving annual tax free income every year till

70 years of your age. Income starts at Rs. 228618 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 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-2012. 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


MOB:9986666645/9980111007



DEVELOPMENT OFFICER

KUMAR K

The effective yield in the above proposal works out to 8.40 % (calculated as per IRR method).u

u

DEVELOPMENT OFFICER

KUMAR K



MOB:9986666645/9980111007


MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

Proposer’s Name Proposer’s Age

Quotation Date

(nearer birthday)33Mr. Gangadhara

28/08/20133108

Sum Proposed 95945Yearly Premium2230000

:

:

:

:

:

:

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

AvailableAccident Normal

2013 33 2332990 95945 6629629649 0 2832990

2014 34 2435980 95945 6629629649 0 2935980

2015 35 2538970 95945 6629629649 61000 3038970

2016 36 2641960 95945 6629629649 122500 3141960

2017 37 2744950 95945 6629629649 174500 3244950

2018 38 2847940 95945 6629629649 233500 3347940

2019 39 2950930 95945 6629629649 300250 3450930

2020 40 3053920 95945 6629629649 376500 3553920

2021 41 3156910 95945 6629629649 462000 3656910

2022 42 3259900 95945 6629629649 557750 3759900

2023 43 3362890 95945 6629629649 663750 3862890

2024 44 3465880 95945 6629629649 782750 3965880

2025 45 3568870 95945 6629629649 914750 4068870

2026 46 3671860 95945 6629629649 1062500 4171860

2027 47 3797150 95945 6629629649 1229000 4297150

2028 48 3911290 95945 6629629649 1415250 4411290

2029 49 4025430 95945 6629629649 1626250 4525430

2030 50 4142658 95945 6629629649 1860750 4642658

1727010 1193328533682

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

DEVELOPMENT OFFICER

KUMAR K



MOB:9986666645/9980111007



Quotation Ref.No.


Quotation Date

(nearer birthday)33Mr. Gangadhara

28/08/20133108


:

:

:

:

:

:

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

Benefits during the Retirement Period

Year Age

Risk Cover

Returns From LIC

Yearly

Premium

Amount

Received

Used for

Prem. Pymt.

Loan

Available

Net

Receivable

Tax

Saved

Net

PremiumAccident Normal

Desired

Income

2031 51 4121566 59222 22861885708 287840 186825026486 59222 4621566 200000

2032 52 4102775 52993 22405776693 277050 187650023700 52993 4602775 200000

2033 53 4071864 47316 22818468477 275500 187725021161 47316 4571864 200000

2034 54 4062530 42514 22229661527 264810 188275019013 42514 4562530 200000

2035 55 4101120 38143 22610755202 264250 188400017059 38143 4601120 200000

2036 56 4137990 34330 22223549684 256565 189025015354 34330 4637990 200000

2037 57 4186500 31025 21656544901 247590 190375013876 31025 4686500 200000

2038 58 4212400 28018 22248240549 250500 191800012531 28018 4712400 200000

2039 59 4219900 25151 24004936400 265200 192300011249 25151 4719900 200000

2040 60 4196000 22412 25848832436 280900 191825010024 22412 4696000 200000

2041 61 4140700 19793 27680728646 296600 19030008853 19793 4640700 200000

2042 62 4078000 17285 29501525016 312300 18762507731 17285 4578000 200000

2043 63 4019900 14878 31612221532 331000 18385006654 14878 4519900 200000

2044 64 3912400 12565 34313518184 355700 17872505619 12565 4412400 200000

2045 65 3780500 10342 37005814967 380400 17190004625 10342 4280500 200000

2046 66 3549200 8130 40197011766 410100 16355003636 8130 4049200 200000

2047 67 3278500 5996 4238048677 429800 15285002681 5996 3778500 200000

2048 68 2978400 3931 4455695689 449500 14012501758 3931 3478400 200000

2049 69 2628900 1933 4722672798 474200 1246750865 1933 3128900 200000

2050 70 2230000 0 4989000 498900 10597500 0 2230000 200000

688852 6608705 475977 6132728

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-2012 . 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 The Riskcover of Rs. 2,230,000.00 will continue till life time.

The effective yield in the above proposal works out to 8.40 % (calculated as per IRR method).u

u IRR does not consider the death benefit after age 70.

DEVELOPMENT OFFICER

KUMAR K



MOB:9986666645/9980111007



Quotation Ref.No.


Quotation Date

(ANB)33Mr. Gangadhara

28/08/20133108

Sum Proposed 2230000

:

:

:

:

:

Benefits After Retirement Age

AccidentNormalAge

Risk Cover

Loan AvailableCash ValueYear

2051 71 2230000 2230000 1212897 1092500

2052 72 2230000 2230000 1247016 1121500

2053 73 2230000 2230000 1280689 1153500

2054 74 2230000 2230000 1313916 1182250

2055 75 2230000 2230000 1346474 1210750

2056 76 2230000 2230000 1378586 1242250

2057 77 2230000 2230000 1410252 1270250

2058 78 2230000 2230000 1441026 1298000

2059 79 2230000 2230000 1471354 1325500

2060 80 2230000 2230000 1500790 1349750

2061 81 2230000 2230000 1529334 1376750

2062 82 2230000 2230000 1557209 1400250

2063 83 2230000 2230000 1584192 1426750

2064 84 2230000 2230000 1610283 1449500

2065 85 2230000 2230000 1635705 1471750

2066 86 2230000 2230000 1660012 1494000

2067 87 2230000 2230000 1683650 1516000

2068 88 2230000 2230000 1706396 1534000

2069 89 2230000 2230000 1729142 1556000

2070 90 2230000 2230000 1750996 1576750

2071 91 2230000 2230000 1773296 1595000

2072 92 2230000 2230000 1795373 1616250

2073 93 2230000 2230000 1818119 1638250

2074 94 2230000 2230000 1847109 1661750

2075 95 2230000 2230000 1872531 1684250

2076 96 2230000 2230000 1920699 1728750

2077 97 2230000 2230000 1967752 1772000

2078 98 2230000 2230000 2076130 1868000

2079 99 2230000 2230000 2153065 1939000

2080 100 2230000 2230000 0 0

DEVELOPMENT OFFICER

KUMAR K



MOB:9986666645/9980111007



Quotation Ref.No.

Proposer’s Name Proposer’s DOB

Quotation Date

Mr. Gangadhara

28/08/20133108


:

:

:

:

:

:

Age : 33 (ANB)05/07/1980

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

1023751992640925880250 160000149/18/181 0.004343

901545792325815775300 150000149/19/192 0.004343

821641732119742706400 145000149/20/203 0.004343

695035301792628597500 130000149/21/214 0.004747

632532121631572544800 125000149/22/225 0.004747

5518280314234994741500 115000149/23/236 0.004747

4783243012344324112300 105000149/24/247 0.004747

4352221111223933743300 100000149/25/258 0.004747

4149210710703753574300 100000149/26/269 0.004747

3964201410223583415400 100000149/27/2710 0.004747

379019259773433266500 100000149/28/2811 0.004747

363018449363283127600 100000149/29/2912 0.004747

348417708993153009000 100000149/30/3013 0.004747

3348170186430328811000 100000149/31/3114 0.004747

3217163483029127713000 100000149/32/3215 0.004747

320116258252892751550100000 100000149/33/3316 0.004747

308915697962792651700100000 100000149/34/3417 0.004747

298815177702692571850100000 100000149/35/3518 0.004747

289114687452612482050100000 100000149/36/3619 0.004747

279814217212522402250100000 100000149/37/3720 0.004747

5000002230000 8247 9594548732247418669

'#' : - 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.

Documents

Enjoyment Plan Lic