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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 56 to 60

for Annual Income of Rs. 220000/-

Mr. Pankaj L

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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. Pankaj L

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.16364/- p.a. from your own

funds till your age of55 years. This proposal provides for

a high riskcover ofRs.522500/- starting at age 27 and

growing to Rs.1532500/- at age 56.

In the year 2040 when you will be 56 years of age, you

will start receiving annual tax free income every year till

60 years of your age. Income starts at Rs.298038 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 55.

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 8.98 % (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)27Mr. Pankaj L

11/02/2011Pension234

Sum Proposed 16364Yearly Premium500000

:

:

:

:

:

:

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 27 522500 16364 108025562 01022500

2012 28 545000 16364 108025562 01045000

2013 29 567500 16364 108025562 72501067500

2014 30 590000 16364 108025562 187501090000

2015 31 612500 16364 108025562 260001112500

2016 32 635000 16364 108025562 340001135000

2017 33 657500 16364 108025562 435001157500

2018 34 680000 16364 108025562 537501180000

2019 35 702500 16364 108025562 655001202500

2020 36 725000 16364 108025562 782501225000

2021 37 747500 16364 108025562 935001247500

2022 38 770000 16364 108025562 1097501270000

2023 39 792500 16364 108025562 1280001292500

2024 40 815000 16364 108025562 1485001315000

2025 41 842500 16364 108025562 1710001342500

2026 42 867500 16364 108025562 1962501367500

2027 43 892500 16364 108025562 2240001392500

2028 44 917500 16364 108025562 2535001417500

2029 45 942500 16364 108025562 2890001442500

2030 46 970000 16364 108025562 3267501470000

2031 47 997500 16364 108025562 3675001497500

2032 48 1035000 16364 108025562 4117501535000

2033 49 1092500 16364 108025562 4592501592500

2034 50 1155000 16364 108025562 5112501655000

2035 51 1227500 16364 108025562 5680001727500

2036 52 1300000 16364 108025562 6332501800000

2037 53 1377500 16364 108025562 7085001877500

2038 54 1455000 16364 108025562 7940001955000

2039 55 1532500 16364 108025562 8910002032500

474556 313258161298

* 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)27Mr. Pankaj L

11/02/2011Pension234


:

:

:

:

:

:

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

2040 56 1400000 8462 29803812819 306500 7905004357 84621900000 220000

2041 57 1248500 6218 3187829419 325000 6700003201 62181748500 220000

2042 58 1048000 4063 3454376155 349500 5282502092 40631548000 220000

2043 59 803500 1992 3720083017 374000 3615001025 19921303500 220000

2044 60 500000 0 4035000 403500 1675000 01000000 220000

31410 1758500 20735 1737765

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. 500,000.00 will continue till life time.The effective yield in the above proposal works out to 8.98 % (calculated as per IRR method).

u IRR does not consider the death benefit after age 60.

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Harish Chand


PH. 09811896425, 09212201725

[email protected]



Quotation Ref.No.


Quotation Date

(ANB)27Mr. Pankaj L

11/02/2011Pension234

Sum Proposed 500000

:

:

:

:

:

Benefits After Retirement Age

AccidentNormalAge

Risk Cover

Loan AvailableCash ValueYear

2045 61 500000 1000000 194400 1750002046 62 500000 1000000 202000 181250

2047 63 500000 1000000 209700 188750

2048 64 500000 1000000 217450 196250

2049 65 500000 1000000 225250 202500

2050 66 500000 1000000 233100 210000

2051 67 500000 1000000 240900 216250

2052 68 500000 1000000 248700 223750

2053 69 500000 1000000 256500 231250

2054 70 500000 500000 264250 237500

2055 71 500000 500000 271950 245000

2056 72 500000 500000 279600 251250

2057 73 500000 500000 287150 258750

2058 74 500000 500000 294600 265000

2059 75 500000 500000 301900 271250

2060 76 500000 500000 309100 278750

2061 77 500000 500000 316200 285000

2062 78 500000 500000 323100 291250

2063 79 500000 500000 329900 297500

2064 80 500000 500000 336500 302500

2065 81 500000 500000 342900 308750

2066 82 500000 500000 349150 313750

2067 83 500000 500000 355200 320000

2068 84 500000 500000 361050 325000

2069 85 500000 500000 366750 330000

2070 86 500000 500000 372200 335000

2071 87 500000 500000 377500 340000

2072 88 500000 500000 382600 343750

2073 89 500000 500000 387700 348750

2074 90 500000 500000 392600 353750

2075 91 500000 500000 397600 357500

2076 92 500000 500000 402550 362500

2077 93 500000 500000 407650 367500

2078 94 500000 500000 414150 372500

2079 95 500000 500000 419850 377500

2080 96 500000 500000 430650 387500

2081 97 500000 500000 441200 397500

2082 98 500000 500000 465500 418750

2083 99 500000 500000 482750 435000

2084 100 500000 500000 0 0

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Harish Chand


PH. 09811896425, 09212201725

[email protected]



Quotation Ref.No.

Proposers Name Proposers DOB

Quotation Date

Mr. Pankaj L

11/02/2011Pension234


:

:

:

:

:

:

Age : 27 (ANB)11/02/1984

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

35451800914320305760100000100000149/29/291 0.004545

34001726876307292900100000100000149/30/302 0.004545

326416578412942801100100000100000149/31/313 0.004545

313815938092832701300100000100000149/32/324 0.004545

301715327772722591550100000100000149/33/335 0.004545

163648308421714761406500000500000

'#' : - 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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