Health is Wealth

we have been hearing this for so many years. However,

the fact of life is that Health as well as Wealth, both are
important for the well being of any family. In the pursuit

Magic Plan Arogya Dhan is a versatile insurance cum savings solution which has been designed to meet todays
practical needs of your family. Here are some of the highlights of this Magic Plan specially tailor-made for you:

A unique All-in-one solution offering Health insurance, Life insurance and Wealth creation

of doing investment planning, one often tends to ignore

Limited premium paying term for much longer period of benefits

the provision for unforeseen medical contingencies.

Choice of 3 premium paying terms - 10, 15 and 20 years

Life long risk cover for yourself

Option to cover life of your spouse till age 60

Health cover available for entire family including parents and parent-in-laws too

inflating at alarming rates. Even a moderate

Tax benefits under Sec.80 CCE and 80D. Tax benefits under Sec.80 D available even after premium payment stops

hospitalisation can cause financial instability in a family.

Regular income flow till age 100 after premium payment stops

Over the past many years medical costs have been

Therefore, it will be prudent to plan not only for wealth

Checkout the details of the exclusive benefits proposed for you in this Magic Plan in the subsequent pages

but also for funding quality health care in future.

MILIND WALAWALKAR
Senior Business Associate ( LIC)
107- Gautam Udyog Bhavan,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078.
Tel: 670 380 56 / 2595 5115.
creativemilind4@gmail.com- visit www.creativesolutionslic.com

Mr. Milind

MILIND WALAWALKAR
Senior Business Associate ( LIC)
107- Gautam Udyog Bhavan,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078.
Tel: 670 380 56 / 2595 5115.
creativemilind4@gmail.com- visit www.creativesolutionslic.com

Magic Plan - Arogya Dhan

Yearly

Mode of Premium

Installment Premium

: Rs. 53078

Presentation up to Age

100 Years

Date of Report

05/02/2013

Medical Benefit Details

2012

2013

2014

2015

2016

30

31

32

33

34

35

36

37

38

39

40

41

HCB (Non ICU)

2000

2100

2200

2300

2400

2500

2600

2700

2800

2900

3000

HCB (ICU)

4000

4200

4400

4600

4800

5000

5200

5400

5600

5800

6000

Max. HCB p.a.

90000

283500

297000

310500

324000

337500

351000

364500

378000

391500

Max. MSB p.a.

200000

210000

220000

230000

240000

250000

260000

270000

280000

Max DCPB p.a.

30000

31500

33000

34500

36000

37500

39000

40500

42000

Max OSB p.a.

60000

189000

198000

207000

216000

225000

234000

243000

252000

Details

2017

2018

2019

2020

2021

2022

2023

2024

2030

2038

2046

2054

2062

42

48

56

64

72

80

3000

3000

3000

3000

3000

3000

3000

6000

6000

6000

6000

6000

6000

6000

405000

405000

405000

405000

405000

405000

405000

405000

290000

300000

300000

300000

300000

300000

300000

300000

300000

43500

45000

45000

45000

45000

45000

45000

45000

45000

261000

270000

270000

270000

270000

270000

270000

270000

270000

Mr. Milind ( Principal Insured ) - Cover upto 28/09/2062 Premium: 4858

Age

Life cover of Rs. 200000 and additional cover of Rs. 200000 in case of Accidental Death (upto Age 60)
Note :Hospital Cash Benefit:
- Limited to 30 days including maximum 15 days in ICU for 1st Policy Year and there after 90 days including maximum 45 days in ICU.
- Maximum 720 days benefit in the entire policy term including maximum 360 days in ICU for each insured.
- HCB (Non ICU) and HCB (ICU) are quoted on per day basis.
- HCB will increase @ 5% p.a. subject to maximum of 150% of Basic HCB.
Major Surgical Benefit (MSB): Limited to 100 times of Applicable Daily Benefit p.a. subject to maximum 800 times in the entire policy term for each insured member.
Day Care Procedure Benefit(DCPB): Limited to 5 times of Applicable Daily Benefit upto 3 Surgical Procedure in a year subject to maximum 24 times in the entire policy term for each insured member.
Other Surgical Benefit (OSB) : Limited to 2 times of Applicable Daily Benefit for 15 days in year 1 and 45 days per year thereafter subject to maximum 360 days in the entire policy term for each insured
member.
Tax Benefit : Premium paid is eligible for benefits under Section 80(D).

** For Private Circulation only

MILIND WALAWALKAR
Senior Business Associate ( LIC)
107- Gautam Udyog Bhavan,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078.
Tel: 670 380 56 / 2595 5115.
creativemilind4@gmail.com- visit www.creativesolutionslic.com

Magic Plan - Arogya Dhan

Innovative Forecast of Insurance Benefits
Premium Payment
Date

Life Cover

Health Cover

Age

Returns

Own Fund

From Returns

Net Cash Flow

Cash Value

Loan Available

Normal

Accidental

HCB

MSB

DCPB

29/09/2012

30

53078

-53078

1248000

29/09/2013

31

53078

-53078

1296000

29/09/2014

32

53078

-53078

38895

35000

29/09/2015

33

53078

-53078

96010

74250

29/09/2016

34

53078

-53078

132865

29/09/2017

35

53078

-53078

174798

29/09/2018

36

53078

-53078

29/09/2019

37

53078

29/09/2020

38

53078

29/09/2021

39

29/09/2022

40

29/09/2023

41

29/09/2024

OSB

1448000

90000

200000

30000

60000

1496000

283500

210000

31500

189000

1344000

1544000

297000

220000

33000

198000

1392000

1592000

310500

230000

34500

207000

106500

1440000

1640000

324000

240000

36000

216000

143250

1488000

1688000

337500

250000

37500

225000

222407

185000

1536000

1736000

351000

260000

39000

234000

-53078

276294

232500

1584000

1784000

364500

270000

40500

243000

-53078

337270

286000

1632000

1832000

378000

280000

42000

252000

53078

-53078

406072

346750

1680000

1880000

391500

290000

43500

261000

53078

-53078

483482

414750

1728000

1928000

405000

300000

45000

270000

53078

-53078

561744

484000

1776000

1976000

405000

300000

45000

270000

42

53078

-53078

649780

562000

1824000

2024000

405000

300000

45000

270000

29/09/2025

43

53078

-53078

749384

650000

1872000

2072000

405000

300000

45000

270000

29/09/2026

44

53078

-53078

862727

750250

1920000

2120000

405000

300000

45000

270000

29/09/2027

45

53078

-53078

992256

864750

1968000

2168000

405000

300000

45000

270000

29/09/2028

46

53078

-53078

1149427

1003750

2016000

2216000

405000

300000

45000

270000

29/09/2029

47

53078

-53078

1326983

1161000

2064000

2264000

405000

300000

45000

270000

29/09/2030

48

53078

-53078

1527569

1338500

2112000

2312000

405000

300000

45000

270000

29/09/2031

49

53078

-53078

1754069

1539000

2160000

2360000

405000

300000

45000

270000

29/09/2032

50

960000

4858

955142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2033

51

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2034

52

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2035

53

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2036

54

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

MILIND WALAWALKAR
Senior Business Associate ( LIC)
107- Gautam Udyog Bhavan,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078.
Tel: 670 380 56 / 2595 5115.
creativemilind4@gmail.com- visit www.creativesolutionslic.com

Magic Plan - Arogya Dhan

Premium Payment
Date

Life Cover

Health Cover

Age

Returns

Own Fund

From Returns

Net Cash Flow

Cash Value

Loan Available

Normal

Accidental

HCB

MSB

DCPB

OSB

29/09/2037

55

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2038

56

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2039

57

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2040

58

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2041

59

55000

4858

50142

900000

810000

1200000

1400000

405000

300000

45000

270000

29/09/2042

60

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2043

61

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2044

62

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2045

63

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2046

64

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2047

65

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2048

66

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2049

67

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2050

68

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2051

69

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2052

70

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2053

71

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2054

72

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2055

73

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2056

74

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2057

75

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2058

76

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2059

77

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2060

78

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2061

79

55000

3896

51104

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2062

80

55000

55000

900000

810000

1000000

1000000

405000

300000

45000

270000

29/09/2063

81

55000

55000

900000

810000

1000000

1000000

29/09/2064

82

55000

55000

900000

810000

1000000

1000000

MILIND WALAWALKAR
Senior Business Associate ( LIC)
107- Gautam Udyog Bhavan,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078.
Tel: 670 380 56 / 2595 5115.
creativemilind4@gmail.com- visit www.creativesolutionslic.com

Magic Plan - Arogya Dhan

Premium Payment
Date

Life Cover

Health Cover

Age

Returns

Own Fund

From Returns

Net Cash Flow

Cash Value

Loan Available

Normal

Accidental

HCB

MSB

DCPB

OSB

29/09/2065

83

55000

55000

900000

810000

1000000

1000000

29/09/2066

84

55000

55000

900000

810000

1000000

1000000

29/09/2067

85

55000

55000

900000

810000

1000000

1000000

29/09/2068

86

55000

55000

900000

810000

1000000

1000000

29/09/2069

87

55000

55000

900000

810000

1000000

1000000

29/09/2070

88

55000

55000

900000

810000

1000000

1000000

29/09/2071

89

55000

55000

900000

810000

1000000

1000000

29/09/2072

90

55000

55000

900000

810000

1000000

1000000

29/09/2073

91

55000

55000

900000

810000

1000000

1000000

29/09/2074

92

55000

55000

900000

810000

1000000

1000000

29/09/2075

93

55000

55000

900000

810000

1000000

1000000

29/09/2076

94

55000

55000

900000

810000

1000000

1000000

29/09/2077

95

55000

55000

900000

810000

1000000

1000000

29/09/2078

96

55000

55000

900000

810000

1000000

1000000

29/09/2079

97

55000

55000

900000

810000

1000000

1000000

29/09/2080

98

55000

55000

900000

810000

1000000

1000000

29/09/2081

99

55000

55000

900000

810000

1000000

1000000

29/09/2082

100

1055000

1055000

Total Premium Paid :

1188060

3521940

MILIND WALAWALKAR
Senior Business Associate ( LIC)
107- Gautam Udyog Bhavan,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078.
Tel: 670 380 56 / 2595 5115.
creativemilind4@gmail.com- visit www.creativesolutionslic.com

Magic Plan - Arogya Dhan

Premium Breakup and Tax Implication
Annual Premium Breakup

Total

Eligible
Amount

Tax. Ben.
@20.60 %

Eligible
Amount

Tax. Ben.
@20.60 %

Total
Annual
Tax Benefit

53078

49182

10131

3896

803

10934

100

4858

962

198

3896

803

1001

3896

3896

803

803

Jeevan
Arogya

Jeevan
Tarang

Whole
Life

Term
Rider

Accident
Rider

2012 to 2031

3896

48220

862

100

2032 to 2041

3896

862

2042 to 2061

3896

Period

Tax Benefit Under Sec. 80 D

Tax Benefit under Sec. 80 CCE

MILIND WALAWALKAR
Senior Business Associate ( LIC)
107- Gautam Udyog Bhavan,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078.
Tel: 670 380 56 / 2595 5115.
creativemilind4@gmail.com- visit www.creativesolutionslic.com

Magic Plan - Arogya Dhan

Jeevan Arogya Features at a glance:

l Provides insurance cover for Hospital Charges, Major Surgical Charges, Day Care Procedure Benefit Charges and Other Surgical Charges in India for entire family.
Hospital Cash Benefit (HCB)

l
l
l
l

Feature

Principal Insured (PI)

Insured Spouse, Parents / In laws

Insured Dependent Children

Min. Initial Daily Benefit

Rs. 1000/-

Rs. 1000/-

Rs. 1000/-

Max. Initial Daily Benefit

Rs. 4000/-

Equal or less than PI

Equal or less than PI

Max. age for cover

80 years

80 years

25 years

HCB (With in India only) is payable on per day basis.

l Benefit payout is fixed irrespective of actual expenses incurred.
1st policy year Max. 30 days hospitalisation & including 15 days in ICU (2 times of ADB) and 2nd year onwards Max 90 days and including 45 days in I.C.U. for each insured.
Maximum of 720 days including 360 days for ICU during entire policy term for each insured.
This Benefit increase @ 5% each year till it reaches a maximum of 1.5 times the original HCB and arithmetic addition of an amount equal to No Claim Benefit at every auto renewal stage.
Stay in hospital exceeds a continuous period of 24 hours or part thereof thereafter. Stay more than 7 days, even for 1st 24
hours also payable.

Major Surgical Benefit (MSB)

Feature
S.A. (MSB S.A.)

Principal Insured (PI)

100 times of HCB

Max. benefit

Insured Spouse, Parents / In laws

Insured Dependent Children

100 times of HCB of spouse/each parent

100 times of HCB of each child

Annual 100% of MSB SA, Life Time 800% times MSB SA for each insured

l Quick Cash facility: 50% of eligible MSB amount payable subject to approval from the TPA.
l MSB shall be a percentage of sum assured.
l Major Surgical Benefit Amount, as calculated as % of Sum Assured, payable regardless of actual costs incurred. Rs.1000/- payable in lump
sum towards Ambulance expenses.
l
l PWB: When any insured undergo major surgery under category 1 or 2, premium payable for one year from the next premium due date coinciding or following the date of surgery is waived.
Day Care Procedure Benefit (DCPB) (under Basic Plan)
An Insured under this Plan undergoing any specified Day Care Procedure mentioned in the Day Care Procedure Benefit Annexure (If a Day Care Procedure Benefit is performed no HCB shall be paid)
Principal Insured (PI)

Insured Spouse, Parents / In laws

Insured Dependent Children

Lump sum benefit payable

5 times of Applicable Daily Benefit (ADB)

5 times of Applicable Daily Benefit (ADB)

5 times of Applicable Daily Benefit (ADB)

Maximum annual benefit, each insured

3 Surgical Procedures

Maximum Life Time

24 Surgical Procedures

Feature

Other Surgical Benefit (OSB) (under Basic Plan)

An Insured under the Plan, due to medical necessity, undergoing any Surgery not listed under MSB or Day Care Procedure Benefit and the stay in hospital exceeds a continuous period of 24 hours.
Feature

Principal Insured (PI)

Insured Spouse, Parents / In laws

Insured Dependent Children

Daily benefit amount

2 times of appli.HCB

2 times of appli.HCB

2 times of appli.HCB

Maximum annual benefit, each insured

15 days in year 1 and 45 days per year thereafter

Maximum Life Time, each insured

360 days