Insurance Proposal for

Mr. Sandeep
for Annual Income of Rs. 201000/from age 61 to 75

Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

Overview of Insurance & Retirement Plan for

Mr. Sandeep
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.124206/- p.a. from your own
funds till your age of 60 years. This proposal provides for
a high riskcover of Rs.2012130/- starting at age 46 and
growing to Rs.3218773/- at age 61.

In the year 2026 when you will be 61 years of age, you

will start receiving annual tax free income every year till
75 years of your age. Income starts at Rs. 242450 per
annum and increases by approximately 0.00 % every
year to take care of inflating costs of living. There is a
provision of risk cover during this period too. In case of
death during this period 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 60.
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 have been calculated on the basis of interim bonuses declared by LIC for the year

ended 31-Mar-2010. Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 6.64 % (calculated as per IRR method).

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Sandeep123

Quotation Date

: 11/06/2011

Proposers Name

: Mr. Sandeep

Proposers Age

: 46

Sum Proposed

: 1930000

Yearly Premium

: 124206

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

2512130

124206

33990

90216

2594260

124206

33990

90216

2176390

2676390

124206

33990

90216

100500

49

2258520

2758520

124206

33990

90216

184000

50

2340650

2840650

124206

33990

90216

259250

2016

51

2422780

2922780

124206

33990

90216

344250

2017

52

2504910

3004910

124206

33990

90216

439500

2018

53

2587040

3087040

124206

33990

90216

547250

2019

54

2669170

3169170

124206

33990

90216

668250

2020

55

2751300

3251300

124206

33990

90216

804250

2021

56

2833430

3333430

124206

33990

90216

956000

2022

57

2915560

3415560

124206

33990

90216

1129000

2023

58

2997690

3497690

124206

33990

90216

1324250

2024

59

3079820

3579820

124206

33990

90216

1545750

2025

60

3218773

3718773

124206

33990

90216

1796000

1863090

509850

1353240

Year

Age

Normal

Accident

2011

46

2012130

2012

47

2094260

2013

48

2014
2015

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

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Sandeep123

Quotation Date

: 11/06/2011

Proposers Name

: Mr. Sandeep

Proposers Age

: 46

Sum Proposed

: 1930000

Yearly Premium

: 124206

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 33.99 %

Benefits during the Retirement Period

Returns From LIC
Risk Cover
Year

Age

Normal

Accident

Yearly
Premium

Tax
Saved

Net
Premium

Desired
Income

Amount
Received

Used for
Prem. Pymt.

Net
Receivable

Loan
Available

2026

61

3184872

3684872

106540

33990

72550

201000

315000

72550

242450

1789000

2027

62

3137390

3637390

91732

31181

60551

201000

300780

60551

240229

1778000

2028

63

3085615

3585615

79038

26866

52172

201000

283305

52172

231133

1767250

2029

64

3026643

3526643

67843

23061

44782

201000

273265

44782

228483

1751500

2030

65

2966602

3466602

57982

19709

38273

201000

262305

38273

224032

1732250

2031

66

2899521

3399521

49292

16755

32537

201000

251100

32537

218563

1710000

2032

67

2832863

3332863

41676

14166

27510

201000

249375

27510

221865

1677250

2033

68

2784069

3284069

35026

11906

23120

201000

238050

23120

214930

1644750

2034

69

2720626

3220626

28975

9849

19126

201000

240350

19126

221224

1603250

2035

70

2657500

2657500

23726

8065

15661

201000

231000

15661

215339

1564000

2036

71

2570000

2570000

18595

6321

12274

201000

245500

12274

233226

1506500

2037

72

2456500

2456500

13677

4649

9028

201000

260000

9028

250972

1429250

2038

73

2312000

2312000

8948

3042

5906

201000

275500

5906

269594

1329250

2039

74

2136500

2136500

4394

1494

2900

201000

291000

2900

288100

1203500

2040

75

1930000

1930000

201000

306500

306500

1048250

4023030

416390

3606640

627444

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 have been calculated on the basis of interim bonuses declared by LIC for the year

ended 31-Mar-2010 . Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.
u The Riskcover of Rs. 1,930,000.00 will continue till life time.
u The effective yield in the above proposal works out to 6.64 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 75.

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Sandeep123

Quotation Date

: 11/06/2011

Proposers Name

: Mr. Sandeep

Proposers Age

: 46

Sum Proposed

: 1930000

(ANB)

Benefits After Retirement Age

Risk Cover
Year

Age

Normal

Accident

Cash Value

Loan Available

2041

76

1930000

1930000

1193126

1074500

2042

77

1930000

1930000

1220532

1099000

2043

78

1930000

1930000

1247166

1123250

2044

79

1930000

1930000

1273414

1146750

2045

80

1930000

1930000

1298890

1169000

2046

81

1930000

1930000

1323594

1191500

2047

82

1930000

1930000

1347719

1212500

2048

83

1930000

1930000

1371072

1234000

2049

84

1930000

1930000

1393653

1254500

2050

85

1930000

1930000

1415655

1273750

2051

86

1930000

1930000

1436692

1293000

2052

87

1930000

1930000

1457150

1311750

2053

88

1930000

1930000

1476836

1328500

2054

89

1930000

1930000

1496522

1346750

2055

90

1930000

1930000

1515436

1364250

2056

91

1930000

1930000

1534736

1380750

2057

92

1930000

1930000

1553843

1398500

2058

93

1930000

1930000

1573529

1417000

2059

94

1930000

1930000

1598619

1438500

2060

95

1930000

1930000

1620621

1458500

2061

96

1930000

1930000

1662309

1496500

2062

97

1930000

1930000

1703032

1533000

2063

98

1930000

1930000

1796830

1616500

2064

99

1930000

1930000

1863415

1677750

2065

100

1930000

1930000

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: Sandeep123

Quotation Date

: 11/06/2011

Proposers Name

: Mr. Sandeep

Proposers DOB

: 11/06/1965

Sum Proposed

: 1930000

Yearly Premium

: 124206

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

Age : 46 (ANB)

: 33.99 %

Agent's Copy
PREMIUM

Sr.
No.

Plan/Tm/PPT

Sum

DAB
Sum

Interim
Bonus
Rate

* Bonus
Rate

#Assu
Step
Rate

FAB

SSS

Mly.

Qly.

Hly.

Yly.

149/15/15

200000

37

37

0.00

20

1518

1595

4555

8971

17666

149/16/16

180000

41

41

0.00

15

1273

1337

3818

7520

14808

149/17/17

165000

41

41

0.00

20

1091

1146

3273

6447

12694

149/18/18

155000

41

41

0.00

25

962

1011

2887

5686

11195

149/19/19

145000

41

41

0.00

30

848

891

2543

5008

9861

149/20/20

135000

41

41

0.00

40

747

785

2241

4414

8690

149/21/21

125000

45

45

0.00

50

655

688

1964

3868

7616

149/22/22

115000

45

45

0.00

80

572

601

1715

3377

6650

149/23/23

110000

45

45

0.00

150

520

547

1561

3073

6051

10

149/24/24

100000

45

45

0.00

230

451

474

1354

2666

5249

11

149/25/25

100000

100000

45

45

0.00

330

441

463

1322

2605

5131

12

149/26/26

100000

100000

45

45

0.00

430

422

444

1267

2497

4918

13

149/27/27

100000

100000

45

45

0.00

540

406

427

1219

2401

4729

14

149/28/28

100000

100000

45

45

0.00

650

391

411

1174

2312

4554

15

149/29/29

100000

100000

45

45

0.00

760

377

396

1132

2231

4394

1930000

500000

10674

11216

32025

63076

124206

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.