Insurance Proposal for

Mr. Ram
for Annual Income of Rs. 250000/from age 50 to 65

Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

Overview of Insurance & Retirement Plan for

Mr. Ram
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.69995/- p.a. from your own
funds till your age of 49 years. This proposal provides for
a high riskcover of Rs.1896675/- starting at age 29 and
growing to Rs.3620925/- at age 50.

In the year 2032 when you will be 50 years of age, you

will start receiving annual tax free income every year till
65 years of your age. Income starts at Rs. 278482 per
annum and increases by approximately 0.00 % 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 49.
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 8.81 % (calculated as per IRR method).

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Forram

Quotation Date

: 18/01/2011

Proposers Name

: Mr. Ram

Proposers Age

: 29

Sum Proposed

: 1815000

Yearly Premium

: 69995

Sec.80 CCE Invt. Lmt.

Sec.80 CCE Tax Rebate

: 100000

(nearer birthday)

: 33.99 %

Benefits During Deferment Period

Risk Cover

Yearly
Premium

Tax
Saved

Net
Premium

Loan
Available

2396675

69995

23790

46205

2478350

69995

23790

46205

2560025

69995

23790

46205

39250

2141700

2641700

69995

23790

46205

95000

2223375

2723375

69995

23790

46205

131500

34

2305050

2805050

69995

23790

46205

173000

35

2386725

2886725

69995

23790

46205

219500

2018

36

2468400

2968400

69995

23790

46205

272250

2019

37

2550075

3050075

69995

23790

46205

332250

2020

38

2631750

3131750

69995

23790

46205

399250

2021

39

2713425

3213425

69995

23790

46205

473500

2022

40

2795100

3295100

69995

23790

46205

558000

2023

41

2876775

3376775

69995

23790

46205

651000

2024

42

2958450

3458450

69995

23790

46205

753500

2025

43

3058275

3558275

69995

23790

46205

867000

2026

44

3149025

3649025

69995

23790

46205

992500

2027

45

3239775

3739775

69995

23790

46205

1131750

Year

Age

Normal

Accident

2011

29

1896675

2012

30

1978350

2013

31

2060025

2014

32

2015

33

2016
2017

2028

46

3330525

3830525

69995

23790

46205

1287750

2029

47

3421275

3921275

69995

23790

46205

1464250

2030

48

3521100

4021100

69995

23790

46205

1661500

2031

49

3620925

4120925

69995

23790

46205

1883250

1469895

499590

970305

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

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Forram

Quotation Date

: 18/01/2011

Proposers Name

: Mr. Ram

Proposers Age

: 29

Sum Proposed

: 1815000

Yearly Premium

: 69995

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 33.99 %

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

50

3585850

4085850

61682

20964

40718

250000

319200

40718

278482

1843250

2033

51

3598425

4098425

54318

18461

35857

250000

310500

35857

274643

1802250

2034

52

3603150

4103150

47804

16247

31557

250000

305900

31557

274343

1762000

2035

53

3611925

4111925

42065

14296

27769

250000

300300

27769

272531

1722000

2036

54

3599000

4099000

37011

12578

24433

250000

294600

24433

270167

1688000

2037

55

3578775

4078775

32597

11078

21519

250000

286000

21519

264481

1657750

2038

56

3534000

4034000

28577

9712

18865

250000

289275

18865

270410

1623750

2039

57

3467000

3967000

24918

8468

16450

250000

291000

16450

274550

1589000

2040

58

3390000

3890000

21419

7279

14140

250000

306500

14140

292360

1543000

2041

59

3312000

3812000

18066

6139

11927

250000

325000

11927

313073

1484500

2042

60

3185000

3685000

14849

5046

9803

250000

349500

9803

339697

1409750

2043

61

3029000

3529000

11658

3961

7697

250000

374000

7697

366303

1320750

2044

62

2784000

3284000

8588

2918

5670

250000

403500

5670

397830

1210250

2045

63

2500000

3000000

5625

1911

3714

250000

423000

3714

419286

1078500

2046

64

2182000

2682000

2764

939

1825

250000

442500

1825

440675

922500

2047

65

1815000

2315000

250000

467000

467000

735250

5487775

271944

5215831

411941

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 Riskcover of Rs. 1,815,000.00 will continue till life time.
u The effective yield in the above proposal works out to 8.81 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 65.

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Forram

Quotation Date

: 18/01/2011

Proposers Name

: Mr. Ram

Proposers Age

: 29

Sum Proposed

: 1815000

(ANB)

Benefits After Retirement Age

Risk Cover
Year

Age

Normal

Accident

Cash Value

Loan Available

2048

66

1815000

2315000

846153

762000

2049

67

1815000

2315000

874467

786000

2050

68

1815000

2315000

902781

812750

2051

69

1815000

2315000

931095

838750

2052

70

1815000

1815000

959227

862250

2053

71

1815000

1815000

987178

889000

2054

72

1815000

1815000

1014948

912750

2055

73

1815000

1815000

1042355

938500

2056

74

1815000

1815000

1069398

962250

2057

75

1815000

1815000

1095897

985500

2058

76

1815000

1815000

1122033

1011000

2059

77

1815000

1815000

1147806

1033500

2060

78

1815000

1815000

1172853

1056250

2061

79

1815000

1815000

1197537

1078750

2062

80

1815000

1815000

1221495

1098750

2063

81

1815000

1815000

1244727

1120500

2064

82

1815000

1815000

1267415

1140000

2065

83

1815000

1815000

1289376

1161000

2066

84

1815000

1815000

1310611

1179750

2067

85

1815000

1815000

1331302

1197750

2068

86

1815000

1815000

1351086

1216000

2069

87

1815000

1815000

1370325

1233750

2070

88

1815000

1815000

1388838

1249000

2071

89

1815000

1815000

1407351

1266500

2072

90

1815000

1815000

1425138

1283250

2073

91

1815000

1815000

1443288

1298500

2074

92

1815000

1815000

1461257

1315750

2075

93

1815000

1815000

1479769

1333000

2076

94

1815000

1815000

1503365

1352500

2077

95

1815000

1815000

1524056

1371000

2078

96

1815000

1815000

1563259

1406750

2079

97

1815000

1815000

1601556

1442000

2080

98

1815000

1815000

1689765

1520500

2081

99

1815000

1815000

1752383

1578000

2082

100

1815000

1815000

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Forram

Quotation Date

: 18/01/2011

Proposers Name

: Mr. Ram

Proposers DOB

: 18/01/1982

Sum Proposed

: 1815000

Yearly Premium

: 69995

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

Age : 29 (ANB)

: 33.99 %

Agent's Copy
PREMIUM

Sr.
No.

Plan/Tm/PPT

Sum

DAB
Sum

Interim
Bonus
Rate

* Bonus
Rate

#Assu
Step
Rate

FAB

SSS

Mly.

Qly.

Hly.

Yly.

149/21/21

160000

45

45

0.00

50

715

751

2144

4222

8313

149/22/22

150000

45

45

0.00

80

633

665

1899

3740

7364

149/23/23

140000

45

45

0.00

150

560

589

1680

3308

6514

149/24/24

130000

45

45

0.00

230

493

519

1480

2915

5739

149/25/25

120000

45

45

0.00

330

434

457

1303

2567

5054

149/26/26

110000

45

45

0.00

430

379

399

1138

2242

4414

149/27/27

105000

45

45

0.00

540

346

363

1037

2042

4020

149/28/28

100000

45

45

0.00

650

315

331

944

1858

3659

149/29/29

100000

45

45

0.00

760

301

316

902

1777

3499

10

149/30/30

100000

45

45

0.00

900

288

303

865

1703

3353

11

149/31/31

100000

45

45

0.00

1100

277

291

830

1634

3217

12

149/32/32

100000

100000

45

45

0.00

1300

274

288

822

1620

3191

13

149/33/33

100000

100000

45

45

0.00

1550

264

277

791

1559

3070

14

149/34/34

100000

100000

45

45

0.00

1700

255

267

764

1505

2963

15

149/35/35

100000

100000

45

45

0.00

1850

246

258

737

1453

2861

16

149/36/36

100000

100000

45

45

0.00

2050

237

249

712

1404

2764

1815000

500000

6017

6323

18048

35549

69995

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2011.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.