Sei sulla pagina 1di 2

New Childrens Money Back

(Plan No. - 832)


Illustration specially prepared for

Mast .....................
(age 0 years)

Benefits Illustration Summary

Ideal for planning your childs financial goals.


Moderate premiums.
Multiple premium payment frequency to choose from.
Premium Discount is available for higher Sum Assured (SA).
Premium Waiver Rider option, will ensure the planned
returns will be payable to the child irrespective of your presence.
Life Cover to the extent of Sum Assured + Bonus + Final
Additional Bonus (As applicable).
For life assured below 8 years age - life cover will start, on
completion of 2 policy years OR 8 years of age - whichever is
early.
Survival benefit: An amount equal 20% of SA will be paid on
each policy anniversary on completion of 18, 20 & 22 years of
age.
Maturity benefit: 40% of SA+ Bonus + Final Additional
Bonus (as applicable) will be paid on completion of term.
Loan is Available any time after 2 policy years.
Policy can be back dated within the same financial year to
match an important event of your child.
Premium Paid is TAX EXEMPTED u/s 80 C.
All returns from the policy are TAX FREE u/s 10 (10) (D)
Free lookup period for 15 days.

Plan Parameters
Parameter

Min

Max

Age

12

Term

25

25

100000

No Limit

Sum Assured
Modes

Sum Assured

Rs. 15,00,000

Term

25 years

Premium

Your Yearly premium under this


policy is Rs. 64,066. In 25 years
you will pay a total of Rs.
15,78,610.

Cash Flow Benefits


Policy
Year

Guaranteed

Bonus

Total

18

3,00,000

3,00,000

20

3,00,000

3,00,000

22

3,00,000

3,00,000

25

6,00,000

24,75,000

30,75,000

Life Cover

In this policy your life cover will


start at Rs. 60,400. By virtue of
bonus getting added every year,
your risk cover will grow to
Rs. 39,75,000 when your age will
be 25.

Liquidity

You have an option to surrender


the policy & receive the cash
value after payment of premiums
for 3 years. Alternately, you can
even avail of loan on this policy
once the policy has acquired
cash value.

Tax Saving

You will save a tax of Rs. 19,203


under Sec.80C.

Yly, Hly, Qly, Mly, SSS

Presented by

P S N V N PRASAD
Development Officer,
LIC of India,
Mobile:8801192444, 9440184984
prasadlic.com
e-mail: prasadlic@gmail.com

This illustration contains guaranteed and non-guaranteed benefits.The


purpose of this illustration is solely to help you understand the projected
benefits that may be possible in future. The presenter in no manner is
promising or giving a guarantee about such projected benefits.The actual
benefits will depend upon the future performance of L.I.C. Of India with
respect to this product.

P S N V N PRASAD
Development Officer,
LIC of India,
Mobile:8801192444, 9440184984
prasadlic.com
e-mail: prasadlic@gmail.com

New Childrens Money Back Plan Presentation for Mast ..................... (age 0 years) Ref. No. Pgk5

Forecast of Insurance Benefits


Risk Covered

Mode of Premium

Yearly

Installment Premium

64,066

Date of Report

03/06/2015

Term

25 Years

Policy
Year

Age

Risk Cover
(Natural Death)

Premium Waiver Benefit : Opted

Premium

Tax
Saved

Net
Premium

Returns From
LIC

Net Cash Flow

Cash
Value

Loan
Available

60,400

64,066
-

19,203

44,863

-64,066

1,20,800

63,106
-

19,203

43,903

-63,106

17,16,000

63,106
-

19,203

43,903

-63,106

54,360

49,000

17,88,000

63,106
-

19,203

43,903

-63,106

1,20,800

1,08,750

18,60,000

63,106
-

19,203

43,903

-63,106

1,51,000

1,36,000

19,32,000

63,106
-

19,203

43,903

-63,106

1,81,200

1,63,000

20,04,000

63,106
-

19,203

43,903

-63,106

2,11,400

1,90,250

20,76,000

63,106
-

19,203

43,903

-63,106

2,50,104

2,25,000

21,48,000

63,106
-

19,203

43,903

-63,106

2,90,989

2,62,000

10

10

22,20,000

63,106
-

19,203

43,903

-63,106

3,33,952

3,00,500

11

11

22,92,000

63,106
-

19,203

43,903

-63,106

3,79,107

3,41,250

12

12

23,64,000

63,106
-

19,203

43,903

-63,106

4,26,327

3,83,750

13

13

24,36,000

63,106
-

19,203

43,903

-63,106

4,75,753

4,28,250

14

14

25,08,000

63,106
-

19,203

43,903

-63,106

5,27,232

4,74,500

15

15

26,10,000

63,106
-

19,203

43,903

-63,106

5,80,927

5,22,750

16

16

26,89,500

63,106
-

19,203

43,903

-63,106

6,36,664

5,73,000

17

17

27,69,000

63,106
-

19,203

43,903

-63,106

6,94,630

6,25,250

18

18

28,48,500

63,106
-

19,203

43,903

3,00,000

2,36,894

7,54,626

6,79,250

19

19

29,43,000

63,106

19,203

43,903

-63,106

5,16,862

4,65,250

20

20

30,45,000

63,106
-

19,203

43,903

3,00,000

2,36,894

5,81,115

5,23,000

21

21

31,62,000

63,106
-

19,203

43,903

-63,106

3,47,622

3,12,750

22

22

33,09,000

63,106
-

19,203

43,903

3,00,000

2,36,894

4,16,133

3,74,500

23

23

35,31,000

63,106
-

19,203

43,903

-63,106

1,86,910

1,68,250

24

24

37,53,000

63,106
-

19,203

43,903

-63,106

2,59,680

2,33,750

25

25

39,75,000

63,106
-

19,203

43,903

30,75,000

30,11,894

3,08,000

2,77,250

10,98,535

39,75,000

23,96,390

15,78,610
K e y

A s s u mp t i o n s

Personal Data: DOB: 03/06/2015


Income Tax:
Sec. 80C Limit Available: 150000
Tax Savings on premiums will be @ 30.90 % u/s 80C
Projections:

Bonus: Last declared reversionary bonus has been considered for the purpose of projected Riskcover and Returns.
Terminal Bonus: Last declared terminal bonus of their respective matching discontinued plans has also been considered.

Potrebbero piacerti anche