Insurance Proposal for

Mr. Mithun Mahajan

for Annual Income of Rs. 212000/-

from age 53 to 68

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. Mithun Mahajan

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.66633/- p.a. from your own
funds till your age of 52 years. This proposal provides for
a high riskcover of Rs.1781725/- starting at age 32 and
growing to Rs.3401515/- at age 53.

In the year 2032 when you will be 53 years of age, you

will start receiving annual tax free income every year till
68 years of your age. Income starts at Rs. 240220 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 52.

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 8.68 % (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. : Pension Quotation Date : 22/01/2011

Proposer’s Name : Mr. Mithun Mahajan Proposer’s Age : 32 (nearer birthday)

Sum Proposed : 1705000 Yearly Premium : 66633

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Benefits During Deferment Period

Risk Cover Yearly Tax Net Loan

Year Age Premium Saved Premium Available
Normal Accident
2011 32 1781725 2281725 66633 22648 43985 0
2012 33 1858450 2358450 66633 22648 43985 0
2013 34 1935175 2435175 66633 22648 43985 37250
2014 35 2011900 2511900 66633 22648 43985 89250
2015 36 2088625 2588625 66633 22648 43985 123500
2016 37 2165350 2665350 66633 22648 43985 161750
2017 38 2242075 2742075 66633 22648 43985 205250
2018 39 2318800 2818800 66633 22648 43985 254500
2019 40 2395525 2895525 66633 22648 43985 310000
2020 41 2472250 2972250 66633 22648 43985 372250
2021 42 2548975 3048975 66633 22648 43985 442250
2022 43 2625700 3125700 66633 22648 43985 520500
2023 44 2702425 3202425 66633 22648 43985 607750
2024 45 2779150 3279150 66633 22648 43985 703250
2025 46 2872925 3372925 66633 22648 43985 809500
2026 47 2958175 3458175 66633 22648 43985 927500
2027 48 3043425 3543425 66633 22648 43985 1057750
2028 49 3128675 3628675 66633 22648 43985 1203000
2029 50 3213925 3713925 66633 22648 43985 1368250
2030 51 3307700 3807700 66633 22648 43985 1552000
2031 52 3401515 3901515 66633 22648 43985 1758500

1399293 475608 923685

* 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. : Pension Quotation Date : 22/01/2011

Proposer’s Name : Mr. Mithun Mahajan Proposer’s Age : 32 (nearer birthday)

Sum Proposed : 1705000 Yearly Premium : 66633

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Benefits during the Retirement Period

Returns From LIC

Risk Cover Yearly Tax Net Desired Amount Used for Net Loan
Year Age Normal Accident Premium Saved Premium Income Received Prem. Pymt. Receivable Available

2032 53 3379550 3879550 59203 20123 39080 212000 279300 39080 240220 1736500
2033 54 3405475 3905475 52676 17904 34772 212000 269100 34772 234328 1717250
2034 55 3427650 3927650 46965 15963 31002 212000 262200 31002 231198 1702250
2035 56 3458275 3958275 41997 14274 27723 212000 254100 27723 226377 1693250
2036 57 3465000 3965000 37468 12735 24733 212000 257775 24733 233042 1681750
2037 58 3460000 3960000 33353 11336 22017 212000 260000 22017 237983 1669750
2038 59 3424000 3924000 29428 10002 19426 212000 275500 19426 256074 1647250
2039 60 3357000 3857000 25672 8725 16947 212000 291000 16947 274053 1613250
2040 61 3280000 3780000 22076 7503 14573 212000 306500 14573 291927 1569250
2041 62 3202000 3702000 18626 6330 12296 212000 325000 12296 312704 1511250
2042 63 3075000 3575000 15316 5205 10111 212000 349500 10111 339389 1438750
2043 64 2919000 3419000 12033 4089 7944 212000 374000 7944 366056 1350250
2044 65 2674000 3174000 8866 3013 5853 212000 403500 5853 397647 1239750
2045 66 2390000 2890000 5811 1975 3836 212000 423000 3836 419164 1108000
2046 67 2072000 2572000 2857 971 1886 212000 442500 1886 440614 948750
2047 68 1705000 2205000 0 0 0 212000 467000 0 467000 763250

412347 5239975 272199 4967776

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. 1,705,000.00 will continue till life time.

u The effective yield in the above proposal works out to 8.68 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 68.
 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. : Pension Quotation Date : 22/01/2011

Proposer’s Name : Mr. Mithun Mahajan Proposer’s Age : 32 (ANB)

Sum Proposed : 1705000

Benefits After Retirement Age

Risk Cover
Year Age Normal Accident Cash Value Loan Available

2048 69 1705000 2205000 874665 788250

2049 70 1705000 1705000 901092 810000
2050 71 1705000 1705000 927349 835250
2051 72 1705000 1705000 953436 857250
2052 73 1705000 1705000 979182 881750
2053 74 1705000 1705000 1004586 904000
2054 75 1705000 1705000 1029479 925500
2055 76 1705000 1705000 1054031 950000
2056 77 1705000 1705000 1078242 971250
2057 78 1705000 1705000 1101771 992500
2058 79 1705000 1705000 1124959 1013750
2059 80 1705000 1705000 1147465 1032000
2060 81 1705000 1705000 1169289 1052750
2061 82 1705000 1705000 1190602 1070750
2062 83 1705000 1705000 1211232 1090750
2063 84 1705000 1705000 1231180 1108250
2064 85 1705000 1705000 1250617 1125250
2065 86 1705000 1705000 1269202 1142250
2066 87 1705000 1705000 1287275 1159000
2067 88 1705000 1705000 1304666 1173000
2068 89 1705000 1705000 1322057 1189500
2069 90 1705000 1705000 1338766 1205750
2070 91 1705000 1705000 1355816 1219750
2071 92 1705000 1705000 1372696 1236000
2072 93 1705000 1705000 1390086 1252500
2073 94 1705000 1705000 1412252 1270500
2074 95 1705000 1705000 1431689 1287750
2075 96 1705000 1705000 1468516 1321500
2076 97 1705000 1705000 1504492 1355000
2077 98 1705000 1705000 1587355 1428250
2078 99 1705000 1705000 1646178 1482750
2079 100 1705000 1705000 0 0
 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. : Pension Quotation Date : 22/01/2011

Proposer’s Name : Mr. Mithun Mahajan Proposer’s DOB : 05/07/1979 Age : 32 (ANB)

Sum Proposed : 1705000 Yearly Premium : 66633

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Agent's Copy

Sr. DAB Interim * Bonus #Assu PREMIUM

No. Plan/Tm/PPT Sum Sum Bonus Rate Step FAB SSS Mly. Qly. Hly. Yly.
Rate Rate

1 149/21/21 140000 0 45 45 0.00 50 639 671 1916 3774 7430

2 149/22/22 130000 0 45 45 0.00 80 561 590 1683 3315 6527
3 149/23/23 120000 0 45 45 0.00 150 491 516 1473 2901 5711
4 149/24/24 110000 0 45 45 0.00 230 427 449 1281 2524 4968
5 149/25/25 105000 0 45 45 0.00 330 389 409 1168 2300 4529
6 149/26/26 100000 0 45 45 0.00 430 354 372 1061 2090 4115
7 149/27/27 100000 0 45 45 0.00 540 337 355 1012 1994 3925
8 149/28/28 100000 0 45 45 0.00 650 323 339 969 1908 3756
9 149/29/29 100000 0 45 45 0.00 760 309 325 927 1826 3596
10 149/30/30 100000 0 45 45 0.00 900 297 312 890 1753 3450
11 149/31/31 100000 0 45 45 0.00 1100 285 299 854 1681 3310
12 149/32/32 100000 100000 45 45 0.00 1300 282 296 846 1667 3283
13 149/33/33 100000 100000 45 45 0.00 1550 272 286 816 1608 3167
14 149/34/34 100000 100000 45 45 0.00 1700 262 276 787 1551 3055
15 149/35/35 100000 100000 45 45 0.00 1850 254 266 761 1500 2954
16 149/36/36 100000 100000 45 45 0.00 2050 245 258 736 1450 2857

1705000 500000 5727 6019 17180 33842 66633

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.