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  • Jeevan Anand: Harish Chand

    Diunggah oleh

    Harish Chand
    16 tayangan4 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

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    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    16 tayangan4 halaman

    Jeevan Anand: Harish Chand

    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 4

    Harish Chand

    LIFE INSURANCE CORPORATION OF INDIA


    Delhi LIC Agent
    PH. 9811896425
    www.delhiLICagent.com

    Jeevan Anand
    . . . . a life free of worries

    01/01/2011
    Illustration specially customized for Mr. Rohtas Sharma Aged 27 Years.

    Jeevan Anand is an innovative insurance product from Life Insurance Corporation of India,
    which combines the benefits of an Endowment Policy and a Whole Life Policy.
    Under this plan you pay premiums for a limited period. During the premium paying period
    you are covered to the extent of the sum assured and the bonuses that vest on this
    policy. After the premium term is over the sum assured together with accumulated
    bonuses and final additional bonus (if any) become payable to you free of any income tax.
    The highlight of this plan is that even after the maturity of the policy the coverage on your
    life continues for your lifetime to the extent of the sum assured without the payment of
    any further premiums.

    General Terms of this Plan


    Minimum Age At Entry

    18 years completed

    Maximum Age At Entry

    65 years (Age Nearer Birthday)

    Maximum Premium
    Ceasing Age

    75 years (Age Nearer Birthday)

    Premium Paying Term

    5 years to 57 years

    Minimum Sum Assured

    Rs. 1,00,000

    Maximum Sum Assured

    No Limit

    Double Accident
    Benefit

    Exclusively available upto Rs.5,00,000 during the Premium


    paying term and thereafter upto age 70. No additional
    premium is required to be paid

    Loans

    Available after payment of 3 full years premiums

    Harish Chand
    LIFE INSURANCE CORPORATION OF INDIA
    Delhi LIC Agent
    PH. 9811896425
    www.delhiLICagent.com

    A Proposal Jeevan Anand for you


    Sum Proposed

    : Rs.500000

    Premium Payable For

    : 21 Years

    Premium Payable

    : Monthly

    Basic Premium

    : Rs.2302

    Rider Premiums

    : Rs.0

    Total Premium

    Assumed Bonus Rate

    *
    : 45

    Step Rate

    : Rs. 2302
    #
    :0

    Sec.80 CCE Tax Rebate

    : 33.99%

    Interim Bonus Rate


    Sec.80 CCE Inv. Limit

    : 45

    : Rs.100000

    Insurance Facts
    Risk Cover
    Year

    Age

    Normal

    Accident

    Annual
    Premium

    Tax
    Saved

    Nett
    Premium

    Returns
    From L.I.C.

    New Loan
    Available

    Total Loan
    Available
    0

    2011

    27

    522500

    1022500

    27624

    9389

    18235

    2012

    28

    545000

    1045000

    27624

    9389

    18235

    2013

    29

    567500

    1067500

    27624

    9389

    18235

    18750

    18750

    2014

    30

    590000

    1090000

    27624

    9389

    18235

    24000

    42750

    2015

    31

    612500

    1112500

    27624

    9389

    18235

    16000

    58750

    2016

    32

    635000

    1135000

    27624

    9389

    18235

    18500

    77250

    2017

    33

    657500

    1157500

    27624

    9389

    18235

    21000

    98250

    2018

    34

    680000

    1180000

    27624

    9389

    18235

    23500

    121750

    2019

    35

    702500

    1202500

    27624

    9389

    18235

    26750

    148500

    2020

    36

    725000

    1225000

    27624

    9389

    18235

    30250

    178750

    2021

    37

    747500

    1247500

    27624

    9389

    18235

    34000

    212750

    2022

    38

    770000

    1270000

    27624

    9389

    18235

    38250

    251000

    2023

    39

    792500

    1292500

    27624

    9389

    18235

    38750

    289750

    2024

    40

    815000

    1315000

    27624

    9389

    18235

    43750

    333500

    2025

    41

    847500

    1347500

    27624

    9389

    18235

    49250

    382750

    2026

    42

    872500

    1372500

    27624

    9389

    18235

    56000

    438750

    2027

    43

    897500

    1397500

    27624

    9389

    18235

    63500

    502250

    2028

    44

    922500

    1422500

    27624

    9389

    18235

    76750

    579000

    2029

    45

    952500

    1452500

    27624

    9389

    18235

    86750

    665750

    2030

    46

    985000

    1485000

    27624

    9389

    18235

    97500

    763250

    2031

    47

    1022500

    1522500

    27624

    9389

    18235

    110000

    873250

    2032

    48

    500000

    1000000

    1022500

    95750

    95750

    2033

    49

    500000

    1000000

    5250

    101000

    2034

    50

    500000

    1000000

    5500

    106500

    2035

    51

    500000

    1000000

    5500

    112000

    2036

    52

    500000

    1000000

    5750

    117750

    2037

    53

    500000

    1000000

    4750

    122500

    2038

    54

    500000

    1000000

    7000

    129500

    2039

    55

    500000

    1000000

    6250

    135750

    2040

    56

    500000

    1000000

    6250

    142000

    2041

    57

    500000

    1000000

    6250

    148250

    2042

    58

    500000

    1000000

    6500

    154750

    2043

    59

    500000

    1000000

    6750

    161500

    2044

    60

    500000

    1000000

    6500

    168000

    2045

    61

    500000

    1000000

    7000

    175000

    2046

    62

    500000

    1000000

    6750

    181750

    2047

    63

    500000

    1000000

    7000

    188750

    2048

    64

    500000

    1000000

    7000

    195750

    2049

    65

    500000

    1000000

    7000

    202750

    2050

    66

    500000

    1000000

    7000

    209750

    2051

    67

    500000

    1000000

    7000

    216750

    2052

    68

    500000

    1000000

    7000

    223750

    2053

    69

    500000

    1000000

    7000

    230750

    2054

    70

    500000

    500000

    7000

    237750

    2055

    71

    500000

    500000

    7000

    244750

    2056

    72

    500000

    500000

    7000

    251750

    2057

    73

    500000

    500000

    6750

    258500

    2058

    74

    500000

    500000

    6750

    265250

    2059

    75

    500000

    500000

    6500

    271750

    2060

    76

    500000

    500000

    6500

    278250

    2061

    77

    500000

    500000

    6250

    284500

    2062

    78

    500000

    500000

    6250

    290750

    2063

    79

    500000

    500000

    6250

    297000

    2064

    80

    500000

    500000

    5750

    302750

    2065

    81

    500000

    500000

    5750

    308500

    2066

    82

    500000

    500000

    5750

    314250

    2067

    83

    500000

    500000

    5500

    319750

    2068

    84

    500000

    500000

    5250

    325000

    2069

    85

    500000

    500000

    5000

    330000

    2070

    86

    500000

    500000

    5000

    335000

    2071

    87

    500000

    500000

    4750

    339750

    2072

    88

    500000

    500000

    4500

    344250

    2073

    89

    500000

    500000

    4750

    349000

    2074

    90

    500000

    500000

    4250

    353250

    2075

    91

    500000

    500000

    4500

    357750

    2076

    92

    500000

    500000

    4500

    362250

    2077

    93

    500000

    500000

    4750

    367000

    2078

    94

    500000

    500000

    5750

    372750

    2079

    95

    500000

    500000

    5000

    377750

    2080

    96

    500000

    500000

    9750

    387500

    2081

    97

    500000

    500000

    9500

    397000

    2082

    98

    500000

    500000

    22000

    419000

    2083

    99

    500000

    500000

    15500

    434500

    2084

    100

    500000

    500000

    580104

    197169

    382935

    1022500

    Harish Chand
    LIFE INSURANCE CORPORATION OF INDIA
    Delhi LIC Agent
    PH. 9811896425
    www.delhiLICagent.com

    Benefits Summary*
    Minimum Risk Cover (Normal)

    Rs. 522500

    Minimum Risk Cover (Accidental)

    Rs. 1022500

    Maximum Risk Cover (Normal)

    Rs. 1022500

    Maximum Risk Cover (Accidental)

    Rs. 1522500

    Annual Tax Savings (Sec. 80 CCE)

    Rs. 9389

    Total Premium to be paid

    Rs. 580104

    Maturity Amount in 2032

    Rs. 1022500

    Yield on Investment

    8.23%

    Free Risk Cover from 2032


    onwards for Lifetime

    Rs. 500000

    Free additional accidental cover


    from 2032 to 2054 ,when you
    reach age of 70 yrs

    Rs. 500000

    1. '*' : - Assuming that 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.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

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