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Shri Akunuri Siva Satish: Insurance Proposal For
Shri Akunuri Siva Satish: Insurance Proposal For
Shri Akunuri Siva Satish: Insurance Proposal For
from age 53 to 62
Presented by
M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT
1F5, Sri Shiridi Sai Residency, Kakaraparthi Vari St.,
Satyanarayanapuram, VIJAYAWADA - 520011
Cell 97030 44544, Land Line-0866 2534544
e-mail.rao4lic@yahoo.com
Presented by
M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT
1F5, Sri Shiridi Sai Residency, Kakaraparthi Vari St.,
Satyanarayanapuram, VIJAYAWADA - 520011
Cell 97030 44544, Land Line-0866 2534544
e-mail.rao4lic@yahoo.com
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.
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-2007. 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 9.34 % (calculated as per IRR method).
M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT
Proposer’s Name : Shri Akunuri Siva Satish Proposer’s Age : 34 (nearer birthday)
Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %
* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT
Proposer’s Name : Shri Akunuri Siva Satish Proposer’s Age : 34 (nearer birthday)
Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %
2027 53 2111200 3111200 42232 12923 29309 180000 228960 29309 199651 1054250
2028 54 1971780 2856780 36491 11166 25325 193500 230575 25325 205250 1008250
2029 55 1814275 2589275 31261 9566 21695 208013 245080 21695 223385 947250
2030 56 1631910 2296910 26265 8037 18228 223613 257510 18228 239282 872500
2031 57 1433010 1988010 21488 6575 14913 240384 269940 14913 255027 782500
2032 58 1201500 1646500 16903 5172 11731 258413 284020 11731 272289 675250
2033 59 947380 1282380 12494 3823 8671 277794 297000 8671 288329 547500
2034 60 665100 890100 8245 2523 5722 298629 311080 5722 305358 397500
2035 61 354085 469085 4146 1269 2877 321026 325160 2877 322283 223000
2036 62 0 0 0 0 0 345103 354085 0 354085 0
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-2007 . 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 9.34 % (calculated as per IRR method).
u The nett annuity is increasing every year to take care of the inflation @ 7.50 % (approximately).
M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT
Proposer’s Name : Shri Akunuri Siva Satish Proposer’s DOB : 25/08/1974 Age : 34 (ANB)
Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %
Agent's Copy
1 14/19/19 120000 120000 42 42 0.00 110 544 572 1633 3217 6334
2 14/20/20 115000 115000 42 42 0.00 165 494 519 1481 2916 5741
3 14/21/21 110000 110000 48 48 0.00 220 450 473 1349 2656 5230
4 14/22/22 110000 110000 48 48 0.00 285 429 451 1288 2537 4996
5 14/23/23 110000 110000 48 48 0.00 350 411 432 1232 2426 4777
6 14/24/24 110000 110000 48 48 0.00 430 394 414 1182 2329 4585
7 14/25/25 110000 110000 48 48 0.00 500 379 398 1137 2239 4409
8 14/26/26 110000 110000 48 48 0.00 580 365 384 1096 2158 4249
9 14/27/27 110000 110000 48 48 0.00 660 352 371 1057 2082 4099
10 14/28/28 115000 115000 48 48 0.00 735 356 375 1069 2106 4146
1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2008.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.