Harish Chand

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

Multi - Plan Chart
Date : 18/08/2011

Wonder-Plan Quotation
Quotation No

: Moneyback2

Chart Date

: 18/08/2011

Name

: Xye

Chart required upto

: 18/08/2031

Date of Birth

: 18/08/1986

I. T. Slab

: 33.99%

Sec.80 CCE Inv. Limit

1

: 25

: 9.00%

Loan Interest Rate

Sr.
No

Age

: 100000

Year

Plan/Tm/
Prem. Tm

Plan Name

2011

75/20/20

Money Back
Total :

Sum

M
d

50000

Y

Interim
Bonus
Rate

39

Loan Re-Investment Rate

: 0.00%

Maturity/S.B. proceeds Re-invt. Rate

: 0.00%

Sec.80 CCE Tax Rebate

: 33.99%

*

Assu
Bonus
Rate

#

39

Assu
Step
Rate A/c

Basic
Premium

0.00

50000

Installment
Premium

3186

3236

3186

3236

Annual
Premium

Mat
Date

3236

18/08/31

3236 p.a.

Rider Details
Sr.
No

Plan/Tm/
Prem. Tm

Rider Name

Year

Rider
Sum

Rider
Term

Prem.
Term

Installment
Premium

Annual
Premium

Total
Premium Pd.

1

2011

75/20/20

Double Accident Benefit

50000

20

20

50

50

1000

50

50

1000

Total :

50000

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.
3. ** If premiums paid during the year for any policy exceeds 20% of Sum Assured then Maturity proceeds will be taxable and
eligible amount for section 80 CCE rebate will be restricted to 20% of Sum Assured.

The above statement is based on certain assumptions which are
liable to change according to Government/Corporation's policies.

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

Multi - Plan Chart

Insurance Facts
Quotation No

: Moneyback2

Chart Date

:

18/08/2011

Name

: Xye

Chart required upto

:

18/08/2031

Date of Birth

: 18/08/1986

I. T. Slab

:

33.99%

Age

Risk Cover

: 25

Year

Age

Normal

Accident

Annual
Premium

Tax
Saved

Net
Premium

Returns
From L.I.C.

New Loan
Available

Total Loan
Available

2011

25

51950

101950

3236

1100

2136

0

0

0

2012

26

53900

103900

3236

1100

2136

0

0

0

2013

27

55850

105850

3236

1100

2136

0

2500

2500

2014

28

57800

107800

3236

1100

2136

0

2000

4500

2015

29

59750

109750

3236

1100

2136

0

1750

6250

2016

30

61700

111700

3236

1100

2136

10000

3250

3250

2017

31

63650

113650

3236

1100

2136

0

2000

5250

2018

32

65600

115600

3236

1100

2136

0

2250

7500

2019

33

67550

117550

3236

1100

2136

0

2500

10000

2020

34

69500

119500

3236

1100

2136

0

3000

13000

2021

35

71450

121450

3236

1100

2136

10000

6000

9000

2022

36

73400

123400

3236

1100

2136

0

3000

12000

2023

37

75350

125350

3236

1100

2136

0

3250

15250

2024

38

77300

127300

3236

1100

2136

0

3750

19000

2025

39

79250

129250

3236

1100

2136

0

4500

23500

2026

40

81200

131200

3236

1100

2136

10000

6000

19500

2027

41

83150

133150

3236

1100

2136

0

5250

24750

2028

42

85100

135100

3236

1100

2136

0

6000

30750

2029

43

87050

137050

3236

1100

2136

0

7000

37750

2030

44

89500

139500

3236

1100

2136

0

9750

47500

2031

45

0

0

0

0

0

59500

0

0

64720

22000

42720

89500

Total :

The above statement is based on certain assumptions which are
liable to change according to Government/Corporation's policies.

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

Multi - Plan Chart

Summary of Proposed Insurance
Quotation No

: Moneyback2

Chart Date

: 18/08/2011

Name

: Xye

Chart required upto

: 18/08/2031

Date of Birth

: 18/08/1986

I. T. Slab

: 33.99%

Age

: 25

Maximum Risk Cover enjoyed (Normal)

Rs.

89500

Maximum Risk Cover enjoyed (Accidental)

Rs.

139500

Total Premium paid

Rs.

64720

Rs.

22000

Rs.

42720

Less : Tax saved on premium

Net Premium paid

Rs.

89500

Tax Payable

Rs.

0

Net after tax Payable

Rs.

89500

Compounded Value of LIC proceeds @ 0.00 % by 2031

Rs.

89500

Additional Gain through Loan re-cycling @ 0.00 %

Rs.

0

Rs.

89500

Proceeds from LIC by way of Maturity / Sur. Bens.

Net in hand as on 2031

Yield on Investments 11.04 %
Assumptions
--> Premium payments will save tax.
--> Returns will not be Re-invested in Section 80 CCE schemes.
--> Gains on Returns Re-investments will not be taxed.
--> Gains on Loans Re-investments will not be taxed.

The above statement is based on certain assumptions which are
liable to change according to Government/Corporation's policies.

Sign up to vote on this title
UsefulNot useful