Insurance Proposal for

Mr. Piyush Verma

for Annual Income of Rs. 100000/from age 52 to 58

Presented by
Ajay Jain
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

Presented by
Ajay Jain
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

Overview of Insurance & Retirement Plan for

Mr. Piyush Verma

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.32231/- p.a. from your own
funds till your age of 51 years. This proposal provides for
a high riskcover of Rs.731500/- starting at age 31 and
growing to Rs.1644300/- at age 52.

In the year 2032 when you will be 52 years of age, you

will start receiving annual tax free income every year till
58 years of your age. Income starts at Rs. 216468 per
annum and increases by approximately 4.00 % 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 51.
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 9.29 % (calculated as per IRR method).

Ajay Jain
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 411

Quotation Date

: 22/10/2011

Proposers Name

: Mr. Piyush Verma

Proposers Age

: 31

Sum Proposed

: 700000

Yearly Premium

: 32231

Sec.80 CCE Invt. Lmt.

Sec.80 CCE Tax Rebate

: 100000

(nearer birthday)

: 30.90 %

Benefits During Deferment Period

Risk Cover

Yearly

Tax

Net

Loan

Accident

Premium

Saved

Premium

Available

1231500

32231

9959

22272

1272800

32231

9959

22272

809200

1309200

32231

9959

22272

20500

34

847700

1347700

32231

9959

22272

43250

35

886900

1386900

32231

9959

22272

62250

2016

36

926800

1426800

32231

9959

22272

84250

2017

37

967400

1467400

32231

9959

22272

109250

2018

38

1008700

1508700

32231

9959

22272

137500

2019

39

1050700

1550700

32231

9959

22272

169750

2020

40

1093400

1593400

32231

9959

22272

206500

2021

41

1136800

1636800

32231

9959

22272

248250

2022

42

1180900

1680900

32231

9959

22272

295500

2023

43

1225700

1725700

32231

9959

22272

347500

2024

44

1271200

1771200

32231

9959

22272

405500

2025

45

1324400

1824400

32231

9959

22272

469500

2026

46

1374800

1874800

32231

9959

22272

540750

2027

47

1425900

1925900

32231

9959

22272

620000

2028

48

1477700

1977700

32231

9959

22272

710250

2029

49

1530200

2030200

32231

9959

22272

811750

2030

50

1586900

2086900

32231

9959

22272

928750

2031

51

1644300

2144300

32231

9959

22272

1061750

676851

209139

467712

Year

Age

Normal

2011

31

731500

2012

32

772800

2013

33

2014
2015

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

Ajay Jain
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 411

Quotation Date

: 22/10/2011

Proposers Name

: Mr. Piyush Verma

Proposers Age

: 31

Sum Proposed

: 700000

Yearly Premium

: 32231

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits during the Retirement Period

Returns From LIC

Risk Cover
Year Age

Yearly

Tax

Net

Desired

Amount

Used for

Net

Loan

Normal

Accident

Premium

Saved

Premium

Income

Received

Prem. Pymt.

Receivable

Available

2032

52

1571200

2071200

26963

8331

18632

100000

235100

18632

216468

1007750

2033

53

1498000

1998000

21981

6792

15189

104000

245400

15189

230211

937000

2034

54

1400400

1900400

17146

5298

11848

108160

259800

11848

247952

847250

2035

55

1278100

1778100

12548

3877

8671

112486

275300

8671

266629

733000

2036

56

1120800

1620800

8168

2524

5644

116986

292900

5644

287256

592500

2037

57

929200

1429200

3992

1234

2758

121665

310600

2758

307842

421750

2038

58

700000

1200000

126532

329400

329400

217000

1948500

62742

1885758

90798

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 Riskcover of Rs. 700,000.00 will continue till life time.
u The effective yield in the above proposal works out to 9.29 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 58.
u The nett annuity is increasing every year to take care of the inflation @ 4.00 % (approximately).

Ajay Jain
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 411

Quotation Date

: 22/10/2011

Proposers Name

: Mr. Piyush Verma

Proposers Age

: 31

Sum Proposed

: 700000

(ANB)

Benefits After Retirement Age

Risk Cover
Year

Age

Normal

Accident

Cash Value

Loan Available

2039

59

700000

1200000

251090

225750

2040

60

700000

1200000

261520

234500

2041

61

700000

1200000

272160

245000

2042

62

700000

1200000

282800

253750

2043

63

700000

1200000

293580

264250

2044

64

700000

1200000

304430

274750

2045

65

700000

1200000

315350

283500

2046

66

700000

1200000

326340

294000

2047

67

700000

1200000

337260

302750

2048

68

700000

1200000

348180

313250

2049

69

700000

1200000

359100

323750

2050

70

700000

700000

369950

332500

2051

71

700000

700000

380730

343000

2052

72

700000

700000

391440

351750

2053

73

700000

700000

402010

362250

2054

74

700000

700000

412440

371000

2055

75

700000

700000

422660

379750

2056

76

700000

700000

432740

390250

2057

77

700000

700000

442680

399000

2058

78

700000

700000

452340

407750

2059

79

700000

700000

461860

416500

2060

80

700000

700000

471100

423500

2061

81

700000

700000

480060

432250

2062

82

700000

700000

488810

439250

2063

83

700000

700000

497280

448000

2064

84

700000

700000

505470

455000

2065

85

700000

700000

513450

462000

2066

86

700000

700000

521080

469000

2067

87

700000

700000

528500

476000

2068

88

700000

700000

535640

481250

2069

89

700000

700000

542780

488250

2070

90

700000

700000

549640

495250

2071

91

700000

700000

556640

500500

2072

92

700000

700000

563570

507500

2073

93

700000

700000

570710

514500

2074

94

700000

700000

579810

521500

2075

95

700000

700000

587790

528500

2076

96

700000

700000

602910

542500

2077

97

700000

700000

617680

556500

2078

98

700000

700000

651700

586250

2079

99

700000

700000

675850

609000

2080

100

700000

700000

Ajay Jain
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
e-mail. support@datacompwebtech.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 411

Quotation Date

: 22/10/2011

Proposers Name

: Mr. Piyush Verma

Proposers DOB

: 22/10/1980

Sum Proposed

: 700000

Yearly Premium

: 32231

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

Age : 31 (ANB)

: 30.90 %

Agent's Copy
Sr.
No.

Plan/Tm/PPT

Sum

DAB

Interim

* Bonus

#Assu

Sum

Bonus

Rate

Step

Rate

PREMIUM
FAB

SSS

Mly.

Qly.

Hly.

Yly.

Rate

149/21/21

100000

45

52

1.00

50

453

476

1359

2676

5268

149/22/22

100000

45

52

1.00

80

428

450

1285

2531

4982

149/23/23

100000

100000

45

52

1.00

150

415

436

1246

2455

4835

149/24/24

100000

100000

45

52

1.00

230

395

415

1185

2334

4598

149/25/25

100000

100000

45

52

1.00

330

376

395

1129

2224

4380

149/26/26

100000

100000

45

52

1.00

430

359

377

1076

2120

4176

149/27/27

100000

100000

45

52

1.00

540

343

360

1029

2027

3992

700000

500000

2769

2909

8309

16367

32231

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.