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Insurance Proposal for

Mrs. Mrs.Deepa
for Annual Income of Rs. 1500000/from age 65 to 75

Presented by
B K Jena
INSURANCE & INVESTMENT CONSULTANT
F-79 GROUND FLOOR, DILSHAD COLONY,
DELHI-110095
MOB: 9810475717,9210983107 Tel:011-45123794
e-mail.bkjenalic@gmail.com

Presented by
B K Jena
INSURANCE & INVESTMENT CONSULTANT
F-79 GROUND FLOOR, DILSHAD COLONY,
DELHI-110095
MOB: 9810475717,9210983107 Tel:011-45123794
e-mail.bkjenalic@gmail.com

Overview of Insurance & Retirement Plan for

Mrs. Mrs.Deepa
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.547209/- p.a. from your own
funds till your age of 64 years. This proposal provides for
a high riskcover of Rs.12676600/- starting at age 44
and growing to Rs.24708600/- at age 65.

In the year 2032 when you will be 65 years of age, you


will start receiving annual tax free income every year till
75 years of your age. Income starts at Rs. 1538190
per annum and increases by approximately 6.00 % every
year to take care of inflating costs of living. There is a
provision of risk cover during this period too. In case of
death during this period 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 64.
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 have been calculated on the basis of interim bonuses declared by LIC for the year

ended 31-Mar-2010. Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 4.98 % (calculated as per IRR method).

B K Jena
INSURANCE & INVESTMENT CONSULTANT
F-79 GROUND FLOOR, DILSHAD COLONY,
DELHI-110095
MOB: 9810475717,9210983107 Tel:011-45123794
e-mail.bkjenalic@gmail.com

MagicPlan - Retire And Enjoy - I


Quotation Ref.No.

: 07

Quotation Date

: 20/05/2011

Proposers Name

: Mrs. Mrs.Deepa

Proposers Age

: 44

Sum Proposed

: 12075000

Yearly Premium

: 547209

Sec.80 CCE Invt. Lmt.

Sec.80 CCE Tax Rebate

: 100000

(nearer birthday)

: 30.90 %

Benefits During Deferment Period


Risk Cover

Yearly
Premium

Tax
Saved

Net
Premium

Loan
Available

17676600

547209

30900

516309

13278200

18278200

547209

30900

516309

46

13879800

18879800

547209

30900

516309

296500

2014

47

14481400

19481400

547209

30900

516309

641000

2015

48

15083000

20083000

547209

30900

516309

914750

2016

49

15684600

20684600

547209

30900

516309

1211500

2017

50

16286200

21286200

547209

30900

516309

1535250

2018

51

16887800

21887800

547209

30900

516309

1882750

2019

52

17489400

22489400

547209

30900

516309

2264500

2020

53

18091000

23091000

547209

30900

516309

2687000

2021

54

18692600

23692600

547209

30900

516309

3162500

2022

55

19294200

24294200

547209

30900

516309

3689250

2023

56

19895800

24895800

547209

30900

516309

4270000

2024

57

20497400

25497400

547209

30900

516309

4910750

2025

58

21099000

26099000

547209

30900

516309

5620750

2026

59

21700600

26700600

547209

30900

516309

6410250

2027

60

22302200

27302200

547209

30900

516309

7291250

2028

61

22903800

27903800

547209

30900

516309

8270500

2029

62

23505400

28505400

547209

30900

516309

9398750

2030

63

24107000

29107000

547209

30900

516309

10645250

2031

64

24708600

29708600

547209

30900

516309

12109750

11491389

648900

10842489

Year

Age

Normal

Accident

2011

44

12676600

2012

45

2013

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

B K Jena
INSURANCE & INVESTMENT CONSULTANT
F-79 GROUND FLOOR, DILSHAD COLONY,
DELHI-110095
MOB: 9810475717,9210983107 Tel:011-45123794
e-mail.bkjenalic@gmail.com

MagicPlan - Retire And Enjoy - I


Quotation Ref.No.

: 07

Quotation Date

: 20/05/2011

Proposers Name

: Mrs. Mrs.Deepa

Proposers Age

: 44

Sum Proposed

: 12075000

Yearly Premium

: 547209

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits during the Retirement Period


Returns From LIC
Risk Cover
Year

Age

Normal

Accident

Yearly
Premium

Tax
Saved

Net
Premium

Desired
Income

Amount
Received

Used for
Prem. Pymt.

Net
Receivable

Loan
Available

2032

65

23305600

28305600

450510

30900

419610

1500000

1957800

419610

1538190

11894000

2033

66

21819520

26819520

402065

30900

371165

1590000

1994320

371165

1623155

11584000

2034

67

20240320

25240320

355266

30900

324366

1685400

2040880

324366

1716514

11179750

2035

68

18557000

23557000

309692

30900

278792

1786524

2098200

278792

1819408

10660250

2036

69

16757600

21757600

264988

30900

234088

1893715

2167000

234088

1932912

10003500

2037

70

14840680

14840680

220989

30900

190089

2007338

2236760

190089

2046671

9194250

2038

71

12804800

12804800

172620

30900

141720

2127779

2307480

141720

2165760

8213750

2039

72

10636560

10636560

129543

30900

98643

2255445

2390880

98643

2292237

7017000

2040

73

8321600

8321600

86479

26722

59757

2390772

2487680

59757

2427923

5568250

2041

74

5857040

5857040

43358

13398

29960

2534218

2586400

29960

2556440

3835750

2042

75

3240000

3240000

2686272

2687040

2687040

1684500

2043

76

3310000

3310000

1763750

2044

77

3380000

3380000

1844000

2045

78

3450000

3450000

1925000

2046

79

3520000

3520000

2007000

2047

80

3520000

3520000

28474440

2148190

26326250

2435510

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 have been calculated on the basis of interim bonuses declared by LIC for the year

ended 31-Mar-2010 . Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.
rates
u The effective yield in the above proposal works out to 4.98 % (calculated as per IRR method).
u The nett annuity is increasing every year to take care of the inflation @ 6.00 % (approximately).

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