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Presented by

[email protected]

PH. 09811896425, 09212201725

IRDA Authorised Insurance Advisor

LIFE INSURANCE CORPORATION OF INDIA

Harish Chand

Insurance Proposal for

from age 61 to 75

for Annual Income of Rs. 201000/-

Mr. Sandeep

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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

Mr. Sandeep

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.124206/- p.a. from your own

funds till your age of60 years. This proposal provides for

a high riskcover ofRs.2012130/- starting at age 46 and

growing to Rs.3218773/- at age 61.

In the year 2026 when you will be 61 years of age, you

will start receiving annual tax free income every year till

75 years of your age. Income starts at Rs.242450 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 60.

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-2010. 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

www.delhiLICagent.com

[email protected]

PH. 09811896425, 09212201725



Harish Chand

The effective yield in the above proposal works out to 6.64 % (calculated as per IRR method).

u

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Harish Chand


PH. 09811896425, 09212201725

[email protected]


MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

Proposers Name Proposers Age

Quotation Date

(nearer birthday)46Mr. Sandeep

11/06/2011Sandeep123

Sum Proposed 124206Yearly Premium1930000

:

:

:

:

:

:

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

:

Benefits During Deferment Period

Year Age

Risk Cover Yearly

Premium

Tax

Saved

Net

Premium

Loan

AvailableAccidentNormal

2011 46 2012130 124206 9021633990 02512130

2012 47 2094260 124206 9021633990 02594260

2013 48 2176390 124206 9021633990 1005002676390

2014 49 2258520 124206 9021633990 1840002758520

2015 50 2340650 124206 9021633990 2592502840650

2016 51 2422780 124206 9021633990 3442502922780

2017 52 2504910 124206 9021633990 4395003004910

2018 53 2587040 124206 9021633990 5472503087040

2019 54 2669170 124206 9021633990 6682503169170

2020 55 2751300 124206 9021633990 8042503251300

2021 56 2833430 124206 9021633990 9560003333430

2022 57 2915560 124206 9021633990 11290003415560

2023 58 2997690 124206 9021633990 13242503497690

2024 59 3079820 124206 9021633990 15457503579820

2025 60 3218773 124206 9021633990 17960003718773

1863090 1353240509850

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

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Harish Chand


PH. 09811896425, 09212201725

[email protected]



Quotation Ref.No.


Quotation Date

(nearer birthday)46Mr. Sandeep

11/06/2011Sandeep123


:

:

:

:

:

:

33.99 %: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.

LoanAvailable

NetReceivable

TaxSaved

NetPremiumAccidentNormal

DesiredIncome

2026 61 3184872 72550 242450106540 315000 178900033990 725503684872 201000

2027 62 3137390 60551 24022991732 300780 177800031181 605513637390 201000

2028 63 3085615 52172 23113379038 283305 176725026866 521723585615 201000

2029 64 3026643 44782 22848367843 273265 175150023061 447823526643 201000

2030 65 2966602 38273 22403257982 262305 173225019709 382733466602 201000

2031 66 2899521 32537 21856349292 251100 171000016755 325373399521 201000

2032 67 2832863 27510 22186541676 249375 167725014166 275103332863 201000

2033 68 2784069 23120 21493035026 238050 164475011906 231203284069 201000

2034 69 2720626 19126 22122428975 240350 16032509849 191263220626 201000

2035 70 2657500 15661 21533923726 231000 15640008065 156612657500 201000

2036 71 2570000 12274 23322618595 245500 15065006321 122742570000 201000

2037 72 2456500 9028 25097213677 260000 14292504649 90282456500 201000

2038 73 2312000 5906 2695948948 275500 13292503042 59062312000 201000

2039 74 2136500 2900 2881004394 291000 12035001494 29002136500 201000

2040 75 1930000 0 3065000 306500 10482500 01930000 201000

627444 4023030 416390 3606640

u Magic-Plan Retire & Enjoy is a combination of LIC plans specially researched to meet the objective of securing a financiallyindependent 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-2010 . 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. 1,930,000.00 will continue till life time.The effective yield in the above proposal works out to 6.64 % (calculated as per IRR method).

u IRR does not consider the death benefit after age 75.

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Harish Chand


PH. 09811896425, 09212201725

[email protected]



Quotation Ref.No.


Quotation Date

(ANB)46Mr. Sandeep

11/06/2011Sandeep123

Sum Proposed 1930000

:

:

:

:

:

Benefits After Retirement Age

AccidentNormalAge

Risk Cover

Loan AvailableCash ValueYear

2041 76 1930000 1930000 1193126 10745002042 77 1930000 1930000 1220532 1099000

2043 78 1930000 1930000 1247166 1123250

2044 79 1930000 1930000 1273414 1146750

2045 80 1930000 1930000 1298890 1169000

2046 81 1930000 1930000 1323594 1191500

2047 82 1930000 1930000 1347719 1212500

2048 83 1930000 1930000 1371072 1234000

2049 84 1930000 1930000 1393653 1254500

2050 85 1930000 1930000 1415655 1273750

2051 86 1930000 1930000 1436692 1293000

2052 87 1930000 1930000 1457150 1311750

2053 88 1930000 1930000 1476836 1328500

2054 89 1930000 1930000 1496522 1346750

2055 90 1930000 1930000 1515436 1364250

2056 91 1930000 1930000 1534736 1380750

2057 92 1930000 1930000 1553843 1398500

2058 93 1930000 1930000 1573529 1417000

2059 94 1930000 1930000 1598619 1438500

2060 95 1930000 1930000 1620621 1458500

2061 96 1930000 1930000 1662309 1496500

2062 97 1930000 1930000 1703032 1533000

2063 98 1930000 1930000 1796830 1616500

2064 99 1930000 1930000 1863415 1677750

2065 100 1930000 1930000 0 0

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Harish Chand


PH. 09811896425, 09212201725

[email protected]



Quotation Ref.No.

Proposers Name Proposers DOB

Quotation Date

Mr. Sandeep

11/06/2011Sandeep123


:

:

:

:

:

:

Age : 46 (ANB)11/06/1965

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

DAB

SumSumPlan/Tm/PPT

Sr.

No.

#Assu

Step

Rate

Interim

Bonus

Rate

176668971455515951518200200000149/15/151 0.003737

148087520381813371273150180000149/16/162 0.004141

126946447327311461091200165000149/17/173 0.004141

11195568628871011962250155000149/18/184 0.004141

986150082543891848300145000149/19/195 0.004141

869044142241785747400135000149/20/206 0.004141

761638681964688655500125000149/21/217 0.004545

665033771715601572800115000149/22/228 0.004545

6051307315615475201500110000149/23/239 0.004545

5249266613544744512300100000149/24/2410 0.004545

513126051322463441330100000100000149/25/2511 0.004545

491824971267444422430100000100000149/26/2612 0.004545

472924011219427406540100000100000149/27/2713 0.004545

455423121174411391650100000100000149/28/2814 0.004545

439422311132396377760100000100000149/29/2915 0.004545

124206630763202511216106745000001930000

'#' : - 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-2011.1.

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