Insurance Proposal for

Mr. Rahul
for Annual Income of Rs. 383000/from age 60 to 85

Presented by
JASWANT RAI
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

Presented by
JASWANT RAI
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

Overview of Insurance & Retirement Plan for

Mr. Rahul
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 of Rs.60080/- p.a. from your own
funds till your age of 59 years. This proposal provides
for a high riskcover of Rs.1949100/- starting at age 32
and growing to Rs.6639850/- at age 60.

In the year 2041 when you will be 60 years of age, you

will start receiving annual tax free annuities every year
till 85 years of your age. There is a provision of risk
cover during this period too (that is in the annuity
receiving period). In case of death during this period a
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 59.
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.
Premiums are available for exemption under sec.80 CCE
of income tax act upto Rs.100000/- per annum.

Disclaimer
u

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 The benefits shown in this presentation is based on forecast of future bonuses expected from L.I.C.. These bonuses are not

guaranteed and have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 8.60 % (calculated as per IRR method).

JASWANT RAI
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

MagicPlan - Retire And Enjoy - IV

Quotation Ref.No.

: 16

Quotation Date

: 04/03/2013

Proposers Name

: Mr. Rahul

Proposers Age

: 32

Sum Proposed

: 1855000

Yearly Premium

: 60080

Desired Annuity

: 383000

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits During Deferment Period

Risk Cover

Yearly
Premium

Tax
Saved

Net
Premium

Loan
Available

3804100

60080

18564

41516

3948300

60080

18564

41516

4067450

60080

18564

41516

31250

2331600

4186600

60080

18564

41516

89500

2450750

4305750

60080

18564

41516

124000

37

2569900

4424900

60080

18564

41516

161250

38

2689050

4544050

60080

18564

41516

201750

2020

39

2808200

4663200

60080

18564

41516

244250

2021

40

2927350

4782350

60080

18564

41516

290250

2022

41

3046500

4901500

60080

18564

41516

339500

2023

42

3165650

5020650

60080

18564

41516

396500

2024

43

3284800

5139800

60080

18564

41516

461750

2025

44

3403950

5258950

60080

18564

41516

534250

2026

45

3523100

5378100

60080

18564

41516

614000

2027

46

3678150

5533150

60080

18564

41516

702000

2028

47

3806575

5661575

60080

18564

41516

798750

2029

48

3935000

5790000

60080

18564

41516

905500

2030

49

4063425

5918425

60080

18564

41516

1022750

Year

Age

2013
2014

Normal

Accident

32

1949100

33

2093300

2015

34

2212450

2016

35

2017

36

2018
2019

2031

50

4209200

6064200

60080

18564

41516

1152500

2032

51

4364250

6219250

60080

18564

41516

1282000

2033

52

4536650

6391650

60080

18564

41516

1430000

2034

53

4746150

6601150

60080

18564

41516

1594500

2035

54

5047200

6902200

60080

18564

41516

1781000

2036

55

5349450

7204450

60080

18564

41516

1989500

2037

56

5654100

7509100

60080

18564

41516

2236750

2038

57

5958750

7813750

60080

18564

41516

2512500

2039

58

6299300

8154300

60080

18564

41516

2819500

2040

59

6639850

8494850

60080

18564

41516

3162750

1682240

519792

1162448

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

JASWANT RAI
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

MagicPlan - Retire And Enjoy - IV

Quotation Ref.No.

: 16

Quotation Date

: 04/03/2013

Proposers Name

: Mr. Rahul

Proposers Age

: 32

Sum Proposed

: 1855000

Yearly Premium

: 60080

Desired Annuity

: 383000

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits during the Retirement Period

Cash Flow from LIC
Risk Cover
Year

Age

Normal

Accident

Annual
Premium

Tax
Saved

Net
Premium

Maturity
Amount

Yearly
Installment*

Paid for
Premium

Net Amt
Available

Loan
Available

2041

60

3049380

3609380

15600

4820

10780

3738390

406320

10780

395540

886500

2042

61

3252600

3812600

15600

4820

10780

427105

10780

416325

958750
1037500

2043

62

3463720

4023720

15600

4820

10780

427105

10780

416325

2044

63

3714340

4274340

15600

4820

10780

427105

10780

416325

1124750

2045

64

3964960

4524960

15600

4820

10780

427105

10780

416325

1221500

2046

65

4215580

4775580

15600

4820

10780

427105

10780

416325

1329500

2047

66

4466200

5026200

15600

4820

10780

427105

10780

416325

1459250

2048

67

4716820

5276820

15600

4820

10780

427105

10780

416325

1603250

2049

68

4967440

5527440

15600

4820

10780

427105

10780

416325

1764000

2050

69

5218060

5778060

15600

4820

10780

427105

10780

416325

1943500

2051

70

1706600

1706600

3587360

427105

427105

442000

2052

71

1782500

1782500

459828

459828

463750

2053

72

1800900

1800900

459828

459828

486250

2054

73

1819300

1819300

459828

459828

508750

2055

74

1837700

1837700

459828

459828

531750

2056

75

1856100

1856100

459828

459828

555000

2057

76

1874500

1874500

459828

459828

578500

2058

77

1892900

1892900

459828

459828

602250

2059

78

1911300

1911300

459828

459828

626000

2060

79

1929700

1929700

459828

459828

650000

2061

80

1929700

459828

459828

2062

81

432176

432176

2063

82

432176

432176

2064

83

432176

432176

2065

84

432176

432176

2066

85

432176

432176

107800

11328730

156000

9255450

u 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 The benefits shown in this presentation is based on forecast of future bonuses expected from L.I.C.. These bonuses are not guaranteed and

have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.

u Loan calculation is done on the basis of present surrender value rates.

u The effective yield in the above proposal works out to 8.60 % (calculated as per IRR method).
u * Yearly Installment : Under settlement scheme of LIC, you can take the maturity amount in installments in lieu of lumpsum

amount.

JASWANT RAI
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

MagicPlan - Retire And Enjoy - IV

Quotation Ref.No.

: 16

Quotation Date

: 04/03/2013

Proposers Name

: Mr. Rahul

Proposers DOB

: 04/03/1981

Sum Proposed

: 1855000

Yearly Premium

: 60080

Desired Annuity

: 383000

Sec.80 CCE Invt. Lmt.

: 100000

Age : 32 (ANB)

: 30.90 %

Sec.80 CCE Tax Rebate

Agent's Copy
Sr.
No.

PREMIUM

Plan/Tm/PPT

Sum

DAB
Sum

Interim
Bonus
Rate

* Bonus
Rate

#Assu
Step
Rate

FAB

SSS

Mly.

Qly.

Hly.

Yly.

5/28/28

230000

230000

70

80

0.00

3550

594

625

1783

3510

6909

14/28/28

120000

120000

48

62

0.00

650

364

383

1092

2150

4233

14/28/28

945000

945000

48

62

0.00

790

2867

3014

8599

16934

33338

14/38/38

560000

560000

48

62

0.00

3050

1342

1411

4025

7925

15600

1855000

1855000

5167

5433

15499

30519

60080

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2013.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.