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Presented by
Delhi LIC Agent
Harish Chand
Specially conceived for
Mr. Harish Chand
577, GH-9, PASCHIM VIHAR
NEW DELHI- 110087
INDIA, 9811896425, 9212201725 www.delhiLICagent.com
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Magic-Plan Life Partners is a combination of L.I.C. plans specially prepared to meet the objectives of your insurance needsu
Together, you can make your dreams into a reality. Your combined income is enhancing your lifestyle everyday. While
both of you look forward to a happy and secure life , it is equally important to ensure that eventualities dont come in
the way of shaping your dreams.
MagicPlan Life-Partners is an ideal dual benefit insurance solution which protects your family by insuring both of
you, while also providing a regular flow of income for your dream lifestyle after retirement.
Mr. Harish Chands life is covered till his age of 56 years. The
risk cover starts at Rs.506540 and peaks to Rs.81 3800 at the
age of 42.
During the retirement benefits period if any partner ceases to survive, the annuity will be reduced to
alternate years instead of every year.
Mrs. Lalita Tiwaris life is covered till her age of 52 years. The
risk cover starts at Rs.480820 and peaks to Rs.801520 at the
age of 38.
Assumptions and Disclaimer
The benefits illustrated herein are based on bonuses forecasted on the policies proposed. The forecasted bonuses are not
guaranteed and hence the actual results may vary depending upon future performance of L.I.C.
u
Presented by
Delhi LIC Agent
Harish Chand
A combined premium of Rs.45979 p.a. is payable from own funds
for 1 5 years. Rs.24449 p.a. is payable from Mr. Harish Chands
account and Rs.21 530 is payable from Mrs. Lalita Tiwaris
account.
After 15 years, your policies will start paying for your retirement needs. A minimum amount of Rs.1 00000
p.a. will be available to both of you for the next 16 years.
You are not expected to pay any premiums from your own fund after 15 years. The cash flow has been planned
in such a manner that it will pay for the premiums of policies inforce and pay the remainder to you as annuity.
At any time during the insurance period if any one partner ceases to survive, then the surviving spouse will
receive a lumpsum amount from L.I.C. equivalent to the demised partners risk covered at that moment and the
premium payment of the demised partners insurance will cease.
The subsequent pages illustrate the year by year benefits of this Magic-Plan. This entire presentation is subject to the
disclaimer given below in this page.
577, GH-9, PASCHIM VIHARNEW DELHI- 110087
INDIA, 9811896425, 9212201725 www.delhiLICagent.com
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Delhi LIC Agent
Harish Chand
577, GH-9, PASCHIM VIHAR
NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com
MagicPlan - Life Partners Ref. No.- HC003
Husband Name
Wife Name
Mr. Harish Chand
Mrs. Lalita Tiwari
DOB - Age (Nearer Birthday) 28/02/1982 - 28
DOB - Age (Nearer Birthday) 15/08/1987 - 23
Retirement Benefit at a Glance
Joint Survivor
Age
Annual
Premium
Maturity
Amount
# One time
LumpsumAge
Annual
Premium
# One time
Lumpsum
Maturity
Amount
Annual
Premium
Maturity
Amount
Desired
IncomeYear
Single Survivor
** Nett
In Hand
Mr. Harish Chand Mrs. Lal ita Tiwari
6927200215303880152014310018303431032671431001000002025 39833
7177651369601647039688970018303441021871369601000002026 34773
6060600164704071343013267513843451023621326751000002027 30313
6286301285201259341606230013843461020841285201000002028 26436
5348000125934264240012402010426471010011240201000002029 23019
566640122400964543551000010426481023291224001000002030 20071
46560009645445820001258407831491083641258401000002031 17476
49040011640073764549040007831501011931164001000002032 15207
38640007376465152001226005635511095891226001000002033 13011
40500012880053064740500005635521178591288001000002034 10941
28480005306484272001350003616531260781350001000002035 8922
29960014240034034929960003616541353811424001000002036 7019
15720003403503144001498001745551446521498001000002037 5148
16460015720016415116460001745561538141572001000002038 3386
001641521720001646000571629591646001000002039 1641
0172000053000581720001720001000002040 0
2571961600000 2202315 1945119 122798 1097635 1104680134398
** - The Retirement benefits are planned by providing multiple policies to both of you. These policies will mature every year from 2025 till 2040.
The maturity proceeds are worked out such that it pays for premium of inforce policies and provides the balance as the TAX FREE annuity.
# - In the unfortunate event of death of one of the partners in retirement benefits period, the surviving partner will receive a one time lumpsum
amount from L.I.C. on account of death claim on the demised partner's inforce policies.
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Delhi LIC Agent
Harish Chand
577, GH-9, PASCHIM VIHAR
NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com
MagicPlan - Life Partners Ref. No.- HC003
DOB - Age (Nearer Birthday)
Mrs. Lalita TiwariMr. Harish Chand
15/08/1987 - 2328/02/1982 - 28
33.99%Sec.80 CCE Tax Rebat e 33.99%
100000Sec.80 CCE Invt. Lmt. 100000
Premium Breakup and Tax Benefits in this P roposal
Year Premium Tax Saved
Nett
PremiumPremium
Tax Saved
@33.99%
Nett
PremiumPremium
Tax Saved
@ 33.99%
Nett
Premium
TotalMrs. Lalita TiwariMr. Harish Chand
2010 3035115628459791421173192153016140830924449
2011 3035115628459791421173192153016140830924449
2012 3035115628459791421173192153016140830924449
2013 3035115628459791421173192153016140830924449
2014 3035115628459791421173192153016140830924449
2015 3035115628459791421173192153016140830924449
2016 3035115628459791421173192153016140830924449
2017 3035115628459791421173192153016140830924449
2018 3035115628459791421173192153016140830924449
2019 3035115628459791421173192153016140830924449
2020 3035115628459791421173192153016140830924449
2021 3035115628459791421173192153016140830924449
2022 3035115628459791421173192153016140830924449
2023 3035115628459791421173192153016140830924449
2024 3035115628459791421173192153016140830924449
2025 2629413539398331421173192153012083622018303
2026 2295411819347731087155991647012083622018303
2027 200101030330313108715599164709139470413843
2028 1745189852643683124281125939139470413843
2029 1519578242301983124281125936883354310426
2030 132496822200716366327996456883354310426
2031 11536594017476636632799645517026617831
2032 10038516915207486825087376517026617831
2033 8588442313011486825087376372019155635
2034 7222371910941350218045306372019155635
2035 5889303389223502180453062387122936162036 463323867019224611573403238712293616
2037 33981750514822461157340311525931745
2038 2235115133861083558164111525931745
2039 1083558164110835581641000
2040 000000000
625040489533 321841946881301872155476457348323168166365
The effective yield in the above proposal works out to 9.84% (Post Tax) (Calculated as per IRR Method)
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Delhi LIC Agent
Harish Chand
577, GH-9, PASCHIM VIHAR
NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com
MagicPlan - Life Partners Ref. No.- HC003
Husband Name
Wife Name
Mr. Harish Chand
Mrs. Lalita Tiwari
DOB - Age (Nearer Birthday) 28/02/1982 - 28
DOB - Age (Nearer Birthday) 15/08/1987 - 23
Basic Policy Benefits
Mr. Harish Chand Mrs. Lal ita Tiwari Total
Risk
Cover
Nett
ReturnsYear Age
Risk
Cover
Annual
Premium
Returns
From L.I .C. A ge
Annual
Premium
Returns
From L.I.C.
Returns
From L.I.C.
Annual
Premium
2010 28 506540 24449 0 23 480820 21530 0 45979 0 -45979
2011 29 528080 24449 0 24 501640 21530 0 45979 0 -459792012 30 549620 24449 0 25 522460 21530 0 45979 0 -45979
2013 31 571160 24449 0 26 543280 21530 0 45979 0 -45979
2014 32 592700 24449 0 27 564100 21530 0 45979 0 -45979
2015 33 614240 24449 0 28 584920 21530 0 45979 0 -45979
2016 34 635780 24449 0 29 605740 21530 0 45979 0 -45979
2017 35 657320 24449 0 30 626560 21530 0 45979 0 -45979
2018 36 678860 24449 0 31 647380 21530 0 45979 0 -45979
2019 37 700400 24449 0 32 668200 21530 0 45979 0 -45979
2020 38 721940 24449 0 33 689020 21530 0 45979 0 -45979
2021 39 743480 24449 0 34 709840 21530 0 45979 0 -45979
2022 40 765020 24449 0 35 730660 21530 0 45979 0 -45979
2023 41 786560 24449 0 36 751480 21530 0 45979 0 -45979
2024 42 813800 24449 0 37 776500 21530 0 45979 0 -45979
2025 43 692720 18303 143100 38 801520 21530 0 39833 143100 103267
2026 44 717765 18303 0 39 688970 16470 136960 34773 136960 102187
2027 45 606060 13843 132675 40 713430 16470 0 30313 132675 102362
2028 46 628630 13843 0 41 606230 12593 128520 26436 128520 102084
2029 47 534800 10426 124020 42 642400 12593 0 23019 124020 101001
2030 48 566640 10426 0 43 551000 9645 122400 20071 122400 102329
2031 49 465600 7831 125840 44 582000 9645 0 17476 125840 108364
2032 50 490400 7831 0 45 490400 7376 116400 15207 116400 101193
2033 51 386400 5635 122600 46 515200 7376 0 13011 122600 109589
2034 52 405000 5635 0 47 405000 5306 128800 10941 128800 117859
2035 53 284800 3616 135000 48 427200 5306 0 8922 135000 126078
2036 54 299600 3616 0 49 299600 3403 142400 7019 142400 135381
2037 55 157200 1745 149800 50 314400 3403 0 5148 149800 144652
2038 56 164600 1745 0 51 164600 1641 157200 3386 157200 153814
2039 57 0 0 164600 52 172000 1641 0 1641 164600 162959
2040 58 0 0 0 53 0 0 172000 0 172000 172000
489533 1097635 457348 1104680 946881 2202315 1255434
The effective yield in the above proposal works out to 6.61 % (Pre Tax) (Calculated as per IRR Method)
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Delhi LIC Agent
Harish Chand
577, GH-9, PASCHIM VIHAR
NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com
MagicPlan - Life Partners Ref. No.- HC003
Mr. Harish Chand Mrs. Lalita Tiwari
DOB - Age (Nearer Birthday)
Sum Proposed
Yearly Premium
28/02/1982 - 28 15/08/1987 - 23
485000 460000
24449 21530
Sec.80 CCE I nvt. Lmt.
Sec.80 CCE Tax Rebate 33.99%
100000100000
33.99%
Agent's Copy
Yly.Hly.Qly.Mly.SSSFAB
#Assu
Step
Rate
*Assu
Bonus
Rate
DAB
Su mSu mPl/Tm/PPT
Sr .No .
P R E M I U MInterim
Bonus
Rate
Mr. Harish Chand
614631201584554528200.0038900009000014/15/151 38
446022641149402383550.0042750007500014/17/172 42
341717358813082941100.0042650006500014/19/193 42
259513186692342232800.0048550005500014/21/214 48
219611155661981893480.0048500005000014/23/235 48
201910255201821735000.0048500005000014/25/256 48
18719504821681617000.0048500005000014/27/277 48
17458864491571509000.0048500005000014/29/298 48
2444912413630022032101485000 485000
Mrs. Lalita Tiwari
506025691304456435400.0042800008000014/16/161 42
38771969999350333800.0042700007000014/18/182 42
294814977602662532000.0042600006000014/20/203 42
226911525842041952720.0048500005000014/22/224 48
207010515331861784240.0048500005000014/24/245 48
19039664901711636000.0048500005000014/26/266 48
17628944541591518000.0048500005000014/28/287 48
164183342214814110000.0048500005000014/30/308 48
2153010931554619401849460000 460000
45979233441184641433950945000945000Total
'#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.
'*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2010
2.
1.