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Mr. Gupta
Insurance Proposal for
www.delhiLICagent.com
PH. 09811896425, 09212201725
IRDA Authorised Insurance Advisor
LIFE INSURANCE CORPORATION OF INDIA
Presented by
for Annual Income of Rs. 426000/- from age 48 to 75
Harish Chand
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Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, [email protected]
www.delhiLICagent.com
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.
At this moment your familys dependancy on you is very
high. Your hard work ensures that they get the best in their
life. Hence this proposal provides for a high riskcover of
Rs.0/- starting at your age of57 and growing toRs.3749599/- at age 69. During this period you will need
to make annual premium payments of Rs. 75663/-
No premiums are payable from your own funds after 69.
Certain benefits illustrated under this MagicPlan Retire & Enjoy are based on performance projections of the underlying
L.I.C. plans. Actual future performance of these plans can vary the results.
Please refer to the page titled - How does this Magic-Plan work?for detailed understanding of this insurance
proposal
for Annual Income of
Rs. 426000/-
from age 48 to 75
Mr. Gupta
Insurance Proposal for
The effective yield in the above proposal works out to 8.51 % (calculated as per IRR method)
During the income period too your life will be covered.
In case of death during this period a lumpsum amount
shall be paid to your nominee.
In the event of any emergency or financial difficulties,
there is a provision under this Magic Plan to provide loan
against the insurance policy after payment of 3 yearlypremiums.
To compliment a comfortable lifestyle for you in your
golden years this plan will provide annual tax-free income
from age 48 to 75. You will recieve annual income of
Rs.141934/-.
Disclaimer:
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LIFE INSURANCE CORPORATION OF INDIA
Harish Chand
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
www.delhiLICagent.com
MagicPlan - Retire And Enjoy - VI
How does this Magic-Plan work ?
A Jeevan Saral Policy ofRs.1575000 for term 35 years is being proposed to provide the benefits as
illustrated in this MagicPlan presentation.
Jeevan Saral plan has a unique feature of Partial Withdrawal which enables us to have the flexibility
of cash flows during the policy term.
The amount of partial withdrawal done each year is such that it pays for the premium and also
provides for your income in respective year. Thus you do not have to bear the burden of paying
premium from your own pocket once the annuity starts.
The annual income at age 48 will be Rs.141934.
The income will continue till your age 75.
Partial
Withdrawal
Mly Premium
ReductionYear Year
Partial
Withdrawal Year
Partial
Withdrawal
Mly Premium
Reduction
Mly Premium
Reduction
2031 800 544346
2032 700 5322482033 600 508966
2034 550 519729
2035 500 525669
2036 450 525774
2037 400 518829
2038 350 503535
2039 300 478327
2040 300 529724
2041 250 488556
2042 250 5403822043 200 477919
2044 200 528087
2045 200 583272
2046 250 804957
Partial Withdrawal Schedule of Jeevan Saral
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LIFE INSURANCE CORPORATION OF INDIA
Harish Chand
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
www.delhiLICagent.com
MagicPlan - Retire And Enjoy - VI
Quotation Ref.No.
(nearer birthday)
75663
28
03/06/2011:
:
:Yearly Premium
Proposers Age
Quotation DateMrGirotra
Mr. Gupta
:
:
:
Proposers Name
Sum Proposed 1575000
426000:Desired Income
Benefits During Deferment Period
Year Age
Risk Cover
Normal Accident
Yearly
Premium
Cash
Value
2011 28 2829000 4904000 102986 0
2012 29 2958600 5033600 102986 0
2013 30 3088200 5163200 102986 3000
2014 31 3217800 5292800 102986 149425
2015 32 3347400 5422400 102986 235728
2016 33 3477000 5552000 102986 337929
2017 34 3606600 5681600 102986 422259
2018 35 3736200 5811200 102986 510861
2019 36 3865800 5940800 102986 605117
2020 37 4489487 6564487 102986 704529
2021 38 4718083 6793083 102986 1305570
2022 39 4966029 7041029 102986 1518696
2023 40 5227454 7302454 102986 1754735
2024 41 5505690 7580690 102986 2014628
2025 42 5810550 7885550 102986 2300260
2026 43 6157740 8232740 102986 2614230
2027 44 6535690 8610690 102986 2959872
2028 45 6946393 9021393 102986 3340778
2029 46 7394926 9469926 102986 3759325
2030 47 7888173 9963173 102986 4219452
2059720
* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
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LIFE INSURANCE CORPORATION OF INDIA
Harish Chand
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
www.delhiLICagent.com
MagicPlan - Retire And Enjoy - VI
Quotation Ref.No. 03/06/2011:Quotation Date
Proposers Age : 28 (nearer birthday)
: 75663Yearly Premium1575000
:
:
:Sum Proposed
Proposers Name Mr. Gupta
MrGirotra
Desired Income 426000:
Benefits during the Retirement Period
Year Age
Risk Cover Yearly
Premium
Returns
From L.I.C.
Prem.
Pymt.
Cash
Value
Net
IncomeAccidentNormal
Desired
Income
7662835 424363093378 5443469537835 426000 45096893378482031
7480398 421046784971 5322489180398 426000 44727784971492032
7381030 418848077765 5089668931030 426000 43120177765502033
7278062 414583971159 5197298690562 426000 44857071159512034
7189669 408583365155 5256698477169 426000 46051465155522035
7092171 401311459750 5257748267171 426000 46602459750532036
7005219 393392254946 5188298080219 426000 46388354946542037
6924222 385494050743 5035357911722 426000 45279250743552038
6858437 378688147139 4783277770937 426000 43118847139562039
6751485 365489143537 5297247588985 426000 48618743537572040
6742036 354556040534 4885567517036 426000 44802240534582041
6648281 336925637531 5403827360781 426000 50285137531592042
6655277 323545835129 4779197317777 426000 44279035129602043
6454628 303679032727 5280877067128 426000 495360327276120446151339 276248230325 5832726713839 426000 55294730325622045
5604000 223930327323 8049576104000 426000 77763427323632046
5506500 220365224688 4670006006500 426000 44231224688642047
5410000 215585722140 4915005910000 426000 46936022140652048
5254500 209497119679 5210005754500 426000 50132119679662049
5040000 202163017296 5505005540000 426000 53320417296672050
4591500 193438914986 5800005091500 426000 56501414986682051
4134000 183151912743 5845004634000 426000 57175712743692052
3667500 171086710568 5890003667500 426000 57843210568702053
3192000 15699548352 5935003192000 426000 5851488352712054
2707500 14043316189 5980002707500 426000 5918116189722055
2214000 12107884079 6025002214000 426000 5984214079732056
1711500 9856692018 6070001711500 426000 6049822018742057
1200000 7245600 6115001200000 426000 6115000752058
994850 15406320 994850 14411470
Benefits from Jeevan Saral plan are illustrated on the assumption that LIC will be able to provide a consistent return of 10%
p.a. throughout the term of the policy on the investible portion of the premium. For the purpose of illustration the average
investible portion of the premium under this plan is estimated as 90% .
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 yearended 31-Mar-2010 . Actual results may deviate depending on the future bonuses declared by LIC.
u The effective yield in the above proposal (based on maturity benefits) works out to 8.51 % (calculated as per IRR method ).
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LIFE INSURANCE CORPORATION OF INDIA
Harish Chand
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
www.delhiLICagent.com
MagicPlan - Retire And Enjoy - VI
MrGirotra:Quotation Ref.No.
Mr. Gupta:Proposers Name
1575000:Sum Proposed
03/06/2011:Quotation Date
Proposers Age : 28 (nearer birthday)
75663:Yearly Premium
33.99:Sec.80 CCE Tax Rebate100000:Sec.80 CCE Invt. Lmt.
Insurance Facts
Year Age
Risk Cover Annual
Premium
Tax
Saved
Net
Premium
Returns
From L.I.C.
Net
Cashflow
Cash
ValueNormal Accident
49040002829000282011 6798235004102986 0 0-102986
50336002958600292012 6798235004102986 0 0-10298651632003088200302013 6798235004102986 0 9317-102986
52928003217800312014 6798235004102986 0 156301-102986
54224003347400322015 6798235004102986 0 244207-102986
55520003477000332016 6798235004102986 0 347313-102986
56816003606600342017 6798235004102986 0 433491-102986
58112003736200352018 6798235004102986 0 524024-102986
59408003865800362019 6798235004102986 0 619943-102986
65644874489487372020 6798235004102986 0 721683-102986
67930834718083382021 6798235004102986 0 1324906-102986
70410294966029392022 6798235004102986 0 1541759-102986
73024545227454402023 6798235004102986 0 1780518-102986
75806905505690412024 6798235004102986 0 2043366-102986
78855505810550422025 6798235004102986 0 2332660-102986
82327406157740432026 6798235004102986 0 2650970-102986
86106906535690442027 6798235004102986 0 3001165-102986
90213936946393452028 6798235004102986 0 3386396-102986
94699267394926462029 6798235004102986 0 3810016-102986
99631737888173472030 6798235004102986 0 4275827-102986
95378357662835482031 616403173893378 544346 4243630450968
91803987480398492032 560902888184971 532248 4210467447277
89310307381030502033 513342643177765 508966 4188480431201
86905627278062512034 469732418671159 519729 4145839448570
84771697189669522035 430102214565155 525669 4085833460514
82671717092171532036 394422030859750 525774 4013114466024
80802197005219542037 362711867554946 518829 3933922463883
79117226924222552038 334971724650743 503535 3854940452792
77709376858437562039 311181602147139 478327 3786881431188
75889856751485572040 287401479743537 529724 3654891486187
75170366742036582041 267581377640534 488556 3545560448022
73607816648281592042 247751275637531 540382 3369256502851
73177776655277602043 231901193935129 477919 3235458442790
70671286454628612044 216041112332727 528087 3036790495360
67138396151339622045 200191030630325 583272 2762482552947
61040005604000632046 18037928627323 804957 2239303786920
60065005506500642047 16298839024688 467000 2203652450702
59100005410000652048 14616752422140 491500 2155857476884
57545005254500662049 12991668819679 521000 2094971508009
55400005040000672050 11418587817296 550500 2021630539082
50915004591500682051 9893509314986 580000 1934389570107
46340004134000692052 8412433112743 584500 1831519576088
36675003667500702053 6976359210568 589000 171086758202431920003192000712054 551328398352 593500 1569954587987
27075002707500722055 408521046189 598000 1404331593915
22140002214000732056 269213874079 602500 1210788599808
17115001711500742057 13326862018 607000 985669605668
12000001200000752058 000 611500 0611500
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LIFE INSURANCE CORPORATION OF INDIA
Harish Chand
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
www.delhiLICagent.com
MagicPlan - Retire And Enjoy - VI
1240954815406320201636510382053054570
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LIFE INSURANCE CORPORATION OF INDIA
Harish Chand
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
www.delhiLICagent.com
MagicPlan - Retire And Enjoy - VI
Quotation Ref.No.
Proposers Name
Sum Proposed :
: Mr. Gupta
1575000 Yearly Premium : 75663
Proposers Age : (nearer birthday)28
03/06/2011:Quotation DateMrGirotra:
Desired Annuity 426000
100000:Sec.80 CCE Invt. Lmt. 33.99Sec.80 CCE Tax Rebate
Agent's Copy
P R E M I U M
SSS Mly. Qly. Hly. Yly.
Interim
Bonus
Rate
* Bonus
Rate
#Assu
Step
Rate FAB
Sr.
No. Plan/Tm/PPT Sum
DAB
Sum
6431 6431 19294 38209 7566315750001575000165/35/351
227 238 680 1339 2635205045 450100000149/36/362
219 231 657 1295 2548225045 450100000149/37/373
212 223 635 1250 2461250045 450100000149/38/384
205 216 615 1211 2383275045 450100000149/39/395
199 209 596 1174 2310300045 450100000149/40/406
193 203 579 1139 2243300045 450100000149/41/417
187 197 561 1105 2175300045 450100000149/42/428
190 200 571 1125 2216300045 45100000100000149/43/439
186 195 557 1098 2163300045 45100000100000149/44/4410
181 190 544 1071 2110300045 45100000100000149/45/4511
177 186 531 1047 2061300045 45100000100000149/46/4612
173 182 520 1024 2018300045 45100000100000149/47/4713
1029865208726340890187802775000 2075000
'*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2010.1.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.
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