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    Harish Chand
    42 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

    Hak Cipta:

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

    Rad 2 F39 F

    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

    02/01/2011
    Illustration specially customized for Mr. Lalit Aged 26 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.200000

    Premium Payable For

    : 16 Years

    Premium Payable

    : Quarterly

    Basic Premium

    : Rs.3685

    Rider Premiums

    : Rs.0

    Total Premium

    Assumed Bonus Rate

    *
    : 41

    Step Rate

    : Rs. 3685
    #
    :0

    Sec.80 CCE Tax Rebate

    : 33.99%

    Interim Bonus Rate


    Sec.80 CCE Inv. Limit

    : 41

    : Rs.100000

    Insurance Facts
    Risk Cover

    Annual
    Premium

    Tax
    Saved

    Nett
    Premium

    Returns
    From L.I.C.

    New Loan
    Available

    Total Loan
    Available

    408200

    14740

    5010

    9730

    416400

    14740

    5010

    9730

    224600

    424600

    14740

    5010

    9730

    13500

    13500

    29

    232800

    432800

    14740

    5010

    9730

    14000

    27500

    30

    241000

    441000

    14740

    5010

    9730

    10500

    38000

    2016

    31

    249200

    449200

    14740

    5010

    9730

    11750

    49750

    2017

    32

    257400

    457400

    14740

    5010

    9730

    13250

    63000

    2018

    33

    265600

    465600

    14740

    5010

    9730

    14000

    77000

    2019

    34

    273800

    473800

    14740

    5010

    9730

    16000

    93000

    2020

    35

    282000

    482000

    14740

    5010

    9730

    18000

    111000

    2021

    36

    290200

    490200

    14740

    5010

    9730

    20500

    131500

    2022

    37

    298400

    498400

    14740

    5010

    9730

    23250

    154750

    2023

    38

    306600

    506600

    14740

    5010

    9730

    28250

    183000

    2024

    39

    314800

    514800

    14740

    5010

    9730

    31750

    214750

    2025

    40

    327000

    527000

    14740

    5010

    9730

    36250

    251000

    2026

    41

    336200

    536200

    14740

    5010

    9730

    41000

    292000

    2027

    42

    200000

    400000

    336200

    27250

    27250

    2028

    43

    200000

    400000

    1750

    29000

    2029

    44

    200000

    400000

    1750

    30750

    2030

    45

    200000

    400000

    1750

    32500

    2031

    46

    200000

    400000

    2000

    34500

    2032

    47

    200000

    400000

    1750

    36250

    2033

    48

    200000

    400000

    2000

    38250

    2034

    49

    200000

    400000

    2250

    40500

    2035

    50

    200000

    400000

    2000

    42500

    2036

    51

    200000

    400000

    2250

    44750

    2037

    52

    200000

    400000

    2250

    47000

    2038

    53

    200000

    400000

    2000

    49000

    2039

    54

    200000

    400000

    2750

    51750

    2040

    55

    200000

    400000

    2500

    54250

    2041

    56

    200000

    400000

    2500

    56750

    2042

    57

    200000

    400000

    2500

    59250

    2043

    58

    200000

    400000

    2750

    62000

    2044

    59

    200000

    400000

    2500

    64500

    Year

    Age

    Normal

    2011

    26

    208200

    2012

    27

    216400

    2013

    28

    2014
    2015

    Accident

    2045

    60

    200000

    400000

    2750

    67250

    2046

    61

    200000

    400000

    2750

    70000

    2047

    62

    200000

    400000

    2750

    72750

    2048

    63

    200000

    400000

    2750

    75500

    2049

    64

    200000

    400000

    2750

    78250

    2050

    65

    200000

    400000

    2750

    81000

    2051

    66

    200000

    400000

    3000

    84000

    2052

    67

    200000

    400000

    2750

    86750

    2053

    68

    200000

    400000

    2750

    89500

    2054

    69

    200000

    400000

    2750

    92250

    2055

    70

    200000

    200000

    3000

    95250

    2056

    71

    200000

    200000

    2750

    98000

    2057

    72

    200000

    200000

    2750

    100750

    2058

    73

    200000

    200000

    2500

    103250

    2059

    74

    200000

    200000

    2750

    106000

    2060

    75

    200000

    200000

    2750

    108750

    2061

    76

    200000

    200000

    2500

    111250

    2062

    77

    200000

    200000

    2500

    113750

    2063

    78

    200000

    200000

    2500

    116250

    2064

    79

    200000

    200000

    2500

    118750

    2065

    80

    200000

    200000

    2500

    121250

    2066

    81

    200000

    200000

    2250

    123500

    2067

    82

    200000

    200000

    2250

    125750

    2068

    83

    200000

    200000

    2000

    127750

    2069

    84

    200000

    200000

    2250

    130000

    2070

    85

    200000

    200000

    2000

    132000

    2071

    86

    200000

    200000

    2000

    134000

    2072

    87

    200000

    200000

    2000

    136000

    2073

    88

    200000

    200000

    1750

    137750

    2074

    89

    200000

    200000

    1750

    139500

    2075

    90

    200000

    200000

    1750

    141250

    2076

    91

    200000

    200000

    2000

    143250

    2077

    92

    200000

    200000

    1750

    145000

    2078

    93

    200000

    200000

    1750

    146750

    2079

    94

    200000

    200000

    2250

    149000

    2080

    95

    200000

    200000

    2250

    151250

    2081

    96

    200000

    200000

    3750

    155000

    2082

    97

    200000

    200000

    3750

    158750

    2083

    98

    200000

    200000

    8750

    167500

    2084

    99

    200000

    200000

    6250

    173750

    2085

    100

    200000

    200000

    235840

    80160

    155680

    336200

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

    Benefits Summary*
    Minimum Risk Cover (Normal)

    Rs. 208200

    Minimum Risk Cover (Accidental)

    Rs. 408200

    Maximum Risk Cover (Normal)

    Rs. 336200

    Maximum Risk Cover (Accidental)

    Rs. 536200

    Annual Tax Savings (Sec. 80 CCE)

    Rs. 5010

    Total Premium to be paid

    Rs. 235840

    Maturity Amount in 2027

    Rs. 336200

    Yield on Investment

    8.57%

    Free Risk Cover from 2027


    onwards for Lifetime

    Rs. 200000

    Free additional accidental cover


    from 2027 to 2055 ,when you
    reach age of 70 yrs

    Rs. 200000

    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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