Insurance Proposal for

Mrs. Nirali Mehta
for Annual Income of Rs. 256000/from age 50 to 75

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

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

Overview of Insurance & Retirement Plan for

Mrs. Nirali Mehta
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.70514/- p.a. from your own
funds till your age of 49 years. This proposal provides for
a high riskcover of Rs.2012160/- starting at age 28 and
growing to Rs.4225720/- at age 50.

In the year 2033 when you will be 50 years of age, you
will start receiving annual tax free annuities every year
till 75 years of your age. There is a provision of risk
cover during this period too (that is in the annuity
receiving period). In case of death during this period a
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 is based on forecast of future bonuses expected from L.I.C.. These bonuses are not

guaranteed and have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 8.86 % (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 - Retire And Enjoy - IV
Quotation Ref.No.

: Mrzyd

Quotation Date

: 27/07/2011

Proposer’s Name

: Mrs. Nirali Mehta

Proposer’s Age

: 28

Sum Proposed

: 1920000

Yearly Premium

: 70514

Desired Annuity

: 256000

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

3932160

70514

23967

46547

0

4024320

70514

23967

46547

0

4116480

70514

23967

46547

40250

2288640

4208640

70514

23967

46547

90000

2380800

4300800

70514

23967

46547

128500

33

2472960

4392960

70514

23967

46547

171750

34

2565120

4485120

70514

23967

46547

219000

2018

35

2657280

4577280

70514

23967

46547

271250

2019

36

2749440

4669440

70514

23967

46547

329500

2020

37

2841600

4761600

70514

23967

46547

397000

2021

38

2933760

4853760

70514

23967

46547

473250

2022

39

3025920

4945920

70514

23967

46547

557750

2023

40

3118080

5038080

70514

23967

46547

652500

2024

41

3210240

5130240

70514

23967

46547

751500

2025

42

3339400

5259400

70514

23967

46547

862500

2026

43

3441160

5361160

70514

23967

46547

986000

2027

44

3542920

5462920

70514

23967

46547

1125250

Year

Age

Normal

Accident

2011

28

2012160

2012

29

2104320

2013

30

2196480

2014

31

2015

32

2016
2017

2028

45

3644680

5564680

70514

23967

46547

1281500

2029

46

3764240

5684240

70514

23967

46547

1459000

2030

47

3893400

5813400

70514

23967

46547

1658500

2031

48

4040360

5960360

70514

23967

46547

1883000

2032

49

4225720

6145720

70514

23967

46547

2189750

1551308

527274

1024034

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

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

MagicPlan - Retire And Enjoy - IV
Quotation Ref.No.

: Mrzyd

Quotation Date

: 27/07/2011

Proposer’s Name

: Mrs. Nirali Mehta

Proposer’s Age

: 28

Sum Proposed

: 1920000

Yearly Premium

: 70514

Desired Annuity

: 256000

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 33.99 %

Benefits during the Retirement Period
Cash Flow from LIC
Risk Cover
Year

Age

Normal

Accident

Annual
Premium

Tax
Saved

Net
Premium

Maturity
Amount

2033

50

2777720

3957720

37984

12910

25074

1622640

2034

51

2952360

4132360

37984

12910

25074

0

2035

52

3127000

4307000

37984

12910

25074

0

Yearly
Installment*

Paid for
Premium

Net Amt
Available

Loan
Available

299040

25074

273966

1054000

305712

25074

280638

1192250

305712

25074

280638

1346750

2036

53

3301640

4481640

37984

12910

25074

0

305712

25074

280638

1520000

2037

54

3499880

4679880

37984

12910

25074

0

305712

25074

280638

1775000

2038

55

1347620

1777620

11416

3880

7536

2224500

305712

7536

298176

389000

2039

56

1419860

1849860

11416

3880

7536

0

288073

7536

280537

424250

2040

57

1522200

1952200

11416

3880

7536

0

288073

7536

280537

463500

2041

58

1628840

2058840

11416

3880

7536

0

288073

7536

280537

507500

2042

59

1756980

2186980

11416

3880

7536

0

288073

7536

280537

557250

2043

60

1885120

2315120

11416

3880

7536

0

288073

7536

280537

613750

2044

61

2013260

2443260

11416

3880

7536

0

288073

7536

280537

683750

2045

62

2141400

2571400

11416

3880

7536

0

288073

7536

280537

762250

2046

63

2269540

2699540

11416

3880

7536

0

288073

7536

280537

851000

2047

64

2397680

2827680

11416

3880

7536

0

288073

7536

280537

994250

2048

65

0

0

0

0

0

2397680

288073

0

288073

0

2049

66

0

0

0

0

0

0

310500

0

310500

0

2050

67

0

0

0

0

0

0

310500

0

310500

0

2051

68

0

0

0

0

0

0

310500

0

310500

0

2052

69

0

0

0

0

0

0

310500

0

310500

0

2053

70

0

0

0

0

0

0

310500

0

310500

0

2054

71

0

0

0

0

0

0

310500

0

310500

0

2055

72

0

0

0

0

0

0

310500

0

310500

0

2056

73

0

0

0

0

0

0

310500

0

310500

0

2057

74

0

0

0

0

0

0

310500

0

310500

0

2058

75

0

0

0

0

0

0

310500

0

310500

0

200730

7612600

304080

6244820

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 is based on forecast of future bonuses expected from L.I.C.. These bonuses are not guaranteed

and have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 8.86 % (calculated as per IRR method).
u * Yearly Installment : Under settlement scheme of LIC, you can take the maturity amount in installments in lieu of

lumpsum amount.

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

MagicPlan - Retire And Enjoy - IV
Quotation Ref.No.

: Mrzyd

Quotation Date

: 27/07/2011

Proposer’s Name

: Mrs. Nirali Mehta

Proposer’s DOB

: 13/09/1983

Sum Proposed

: 1920000

Yearly Premium

: 70514

Desired Annuity

: 256000

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

Age : 28 (ANB)

: 33.99 %

Agent's Copy
PREMIUM

Sr.
No.

Plan/Tm/PPT

Sum

DAB
Sum

Interim
Bonus
Rate

* Bonus
Rate

#Assu
Step
Rate

1

14/22/22

140000

140000

48

48

0.00

80

2

14/22/22

600000

600000

48

48

0.00

150

3

14/27/27

750000

750000

48

48

0.00

670

4

14/37/37

430000

430000

48

48

0.00

2800

1920000

1920000

FAB

SSS

Hly.

Yly.

Mly.

Qly.

529

556

1587

3126

6154

2267

2383

6802

13396

26376

2285

2402

6854

13495

26568

982

1033

2946

5799

11416

6062

6373

18188

35816

70514

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.

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