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Presented by

HARISH CHAND
Delhi LIC Agent
577, GH-9, PASCHIM VIHAR
NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com

Insurance Proposal for

Mr. Ritu
for Securing the College Education of

Kum. Baby
in a Premium Budget of Rs.29000/-
Presented by
HARISH CHAND
Delhi LIC Agent
577, GH-9, PASCHIM VIHAR
NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com

Insurance Proposal for


Mr. Ritu
for securing the future of your child
Kum. Baby

The planning for your child’s


secured future starts now when
she is 2 years of age. For 14
In the year 2024, Kum. Baby
years you will need to pay an
will be 16 years of age. She is
amount of Rs. 29283/- per
expected to join college at this
annum as premium towards the
age. Hence there is a provision
proposed insurance
made for Rs. 138601/- to be
received in this year to meet the
extraordinary costs of
admission, coaching classes,
attire, etc.

To ensure quality education Year Age Estimated Amount


and a comfortable lifestyle 2024 16 138601
during her college period, this 17 66161
2025
plan will provide cash every
2026 18 73364
year as per the table shown
2027 19 78428
alongside
2028 20 83120
2029 21 87951

Kum. Baby will complete her graduation in the


year 2030 when she is 22 years of age. She may
want to pursue post graduation abroad or may
want to start business. Both these objectives will
demand sizeable amount of money. This Magic Plan
will make her dream come true with a lumpsum
amount of Rs. 306000/-

u Magic Plan — Secure Child is a combination of LIC Plans specially researched to meet the objective of securing your child’s future.

u The returns shown in this illustration have been calculated on the basis of the interim bonus rates last declared by LIC for the year ended .
Actual results may deviate depending on future bonuses declared by LIC,
u In the unfortunate event of your early death, the premiums on the policies will cease immediately. The returns, however will be received in
the years as indicated in this MagicPlan.

u The effective yield in the above proposal works out to 10.11 % (calculated as per IRR method)
HARISH CHAND
Delhi LIC Agent

577, GH-9, PASCHIM VIHAR


NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com

MagicPlan - Secure Child

Quotation Ref.No. : HC006 Date : 08/07/2010

Proposer’s Name : Mr. Ritu Proposer's Age : 31 (nearer birthday)

Child’s Name : Kum. Baby Child's Age : 2 (last birthday)

Sum Proposed : 500000 Yearly Premium : 29283

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

Year wise details of benefits of this plan

PREMIUM Nett
Amount
Your Child's Accidental Expected Annual Tax Nett Funded From Paid From
In Hand
Year Age Age Risk Cover Cashflow Premium Saving Premium Cashflow Own Funds

2010 31 2 500000 0 29283 9952 19331 0 19331 0

2011 32 3 500000 0 29283 9952 19331 0 19331 0

2012 33 4 500000 0 29283 9952 19331 0 19331 0

2013 34 5 500000 0 29283 9952 19331 0 19331 0

2014 35 6 500000 0 29283 9952 19331 0 19331 0

2015 36 7 500000 0 29283 9952 19331 0 19331 0

2016 37 8 500000 0 29283 9952 19331 0 19331 0

2017 38 9 500000 0 29283 9952 19331 0 19331 0

2018 39 10 500000 0 29283 9952 19331 0 19331 0

2019 40 11 500000 0 29283 9952 19331 0 19331 0

2020 41 12 500000 0 29283 9952 19331 0 19331 0

2021 42 13 500000 0 29283 9952 19331 0 19331 0

2022 43 14 500000 0 29283 9952 19331 0 19331 0

2023 44 15 500000 0 29283 9952 19331 0 19331 0

2024 45 16 400000 153200 22115 7516 14599 14599 0 138601

2025 46 17 350000 78500 18692 6353 12339 12339 0 66161

2026 47 18 300000 83600 15506 5270 10236 10236 0 73364

2027 48 19 250000 86700 12531 4259 8272 8272 0 78428

2028 49 20 200000 89550 9741 3311 6430 6430 0 83120

2029 50 21 150000 92650 7118 2419 4699 4699 0 87951

2030 51 22 0 306000 0 0 0 0 0 306000

890200 495665 168456 327209 56575 270634 833625

u Magic Plan — Secure Child is a combination of LIC Plans specially researched to meet the objective of securing your child’s future.
u The returns shown in this illustration have been calculated on the basis of the interim bonus rates last declared by LIC for the year ended
31-Mar-2009. Actual results may deviate depending on future bonuses declared by LIC,
u In the unfortunate event of your early death, the premiums on the policies will cease immediately. The returns, however will be received in the
years as indicated in this MagicPlan.

u The effective yield in the above proposal works out to 10.11 % (calculated as per IRR method)
HARISH CHAND
Delhi LIC Agent

577, GH-9, PASCHIM VIHAR


NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com

MagicPlan - Secure Child

Quotation Ref.No. : HC006 Date : 08/07/2010

Proposer’s Name : Mr. Ritu Proposer’s DOB : 28/09/1979 Age : 31 (ANB)

Sum Proposed : 500000 Yearly Premium : 29283

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

Agent's Copy

Sr. Interim * Bonus #Assu PREMIUM


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

1 90/14/14 100000 100000 38 38 0.00 0 607 638 1822 3590 7068


2 90/15/15 50000 50000 38 38 0.00 0 290 304 869 1713 3373
3 90/16/16 50000 50000 42 42 0.00 0 269 283 808 1592 3136
4 90/17/17 50000 50000 42 42 0.00 20 251 264 754 1485 2925
5 90/18/18 50000 50000 42 42 0.00 35 235 247 706 1391 2740
6 90/19/19 50000 50000 42 42 0.00 55 221 232 663 1306 2573
7 90/20/20 150000 150000 42 42 0.00 200 599 631 1798 3540 6968

500000 2472 2599 7420 14617 28783

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2,010

2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.

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