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  • Jeevan Tarang

    Diunggah oleh

    Harish Chand
    219 tayangan1 halaman
    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    219 tayangan1 halaman

    Jeevan Tarang

    Diunggah oleh

    Harish Chand
    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
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    dari 1

    Jeevan Tarang is one of LIC’s popular plan which is a unique blend of a whole life, endowment and a moneyback policy.

    In
    this policy you can choose a term of 10, 15 or 20 years after which you get the accumulated bonus in lumpsum and thereafter
    5.5% of the sum assured is paid to you every year for lifetime. What’s more, your life risk is covered to the extent of the sum
    assured plus loyalty addition (as declared by LIC) for your entire life.

    From pension point of view, we can also describe this policy as a retirement policy which gives commutation at vesting date
    and “gauranteed tax-free pension of 5.5% per annum” with “return of purchase price” to the nominee on death.

    MagicPlan JT+ is a innovative concept which enhances the benefits available from Jeevan Tarang policy. Unlike the
    standard Jeevan Tarang moneyback benefit of 5.5% of sum assured per annum, this MagicPlan gives you various moneyback
    options ranging from 5.5% to 10.76% per annum.

    MagicPlan JT+ presentation exclusively prepared for Mr. Harish Chand

    Date of Birth: 28/02/1982 Age : 29 Benefits from year 2025 onwards


    Sum Assured: : 830000 Term : 15 You will receive a lumpsum amount and thereafter you will get
    Premium Mode: Monthly Premium: 5030 annuity every year for lifetime. You have the following benefit
    options to choose from
    Benefits during Accumulation Period Estimated Bonus Accumulated Rs.547800
    Fin. Year
    Ending Cash Value Commutation Invested in Annual Pension Lifetime
    Age Risk Covered
    % Amount Jvn. Akshay % Amount Riskcover
    31/03/11 29 866520 0
    30 903040 0 0 0 547800 10.76 89310 830000
    31/03/12
    25 136950 410850 9.43 78292 830000
    31/03/13 31 939560 64275
    50 273900 273900 8.10 67206 830000
    31/03/14 32 976080 138148
    75 410850 136950 6.75 56017 830000
    31/03/15 33 1012600 190278
    u The benefits of this MagicPlan are illustrated on the basis of
    31/03/16 34 1049120 247728
    combination of Jeevan Tarang and Jeevan Akshay VI.
    31/03/17 35 1085640 310383
    u Currently you are committing to purchase Jeevan Tarang only. In
    31/03/18 36 1122160 381275
    2025 , when bonus is received on your policy, the same can be
    31/03/19 37 1158680 461928 used fully or partially (as per table above) to purchase Jeevan
    31/03/20 38 1195200 554169 Akshay VI or similar.
    31/03/21 39 1231720 662716 u In case of death the annual pension will reduce by

    31/03/22 40 1268240 789805 Rs.45650. The remaining pension will continue to be paid to the
    spouse till 2040.
    31/03/23 41 1304760 934509
    u Rs.45650 pension per annum is tax-free.
    31/03/24 42 1341280 1098996 u During the premium paying period, you will save income tax of
    31/03/25 43 1377800 1310246 Rs.20516 per annum under section 80CCE (assumed @ 33.99).
    31/03/26 44 830000 747000 u Loyalty Adition (as declared by LIC) will increase the above
    mentioned Riskcover every year.
    u Interim bonus of Rs.44 per 1000 sum assured (as declared by
    LIC) has been used to calculate the various benefits available
    under this MagicPlan. Results may vary as per actual bonus rates
    declared by LIC in future.

    Presented by

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

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