Transcript
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An innovative Retirement solution
for
Mr. ANIL KUMAR
to provide Annual Income of
Rs.2,40,000 from age 55 to 70
RAJAHMUNDRY MOBILE: 9292306820
AGENT:G CHRISTOPHER LIC OF INDIA RURAL BRANCH
Sample Report For Demonstration Purpose Only
K V S APPAJI
Presented by
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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.
Overview of Insurance & Retirement Plan for
Mr. ANIL KUMAR
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.40274/- p.a. from your own funds till your
age of 54 years. This proposal provides for a high riskcover of
Rs.1252360/- starting at age 29 and growing to
Rs.3235010/- upto age 55.
In the year 2040 when you become 55 years of age, this plan
will provide for regular tax-free income to support your
comfortable retired life till age 70. Additionally, this plan also
keeps your life covered in this period. In case of death during
this period a lumpsum amount shall be paid to your nominee.
No premiums are payable from own fund after deferment
period, that is, after age 54.
Premiums are available for exemption under sec.80 CCE of
income tax act upto Rs.100000/- per annum.
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.
Disclaimer
The benefits shown in this presentation have been calculated on the basis of last bonus of plan no. 14 declared by LIC for the yearended 31-Mar-2013. Actual Results may deviate on the future performance of plan no. 814.
MOBILE: 9292306820
RAJAHMUNDRY
LIC OF INDIA RURAL BRANCH
AGENT:G CHRISTOPHER
Sample Report For Demonstration Purpose Only
K V S APPAJI
Presented by
8/12/2019 Anil - Endowment
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Sample Report For Demonstration Purpose Only
K V S APPAJI
AGENT:G CHRISTOPHER
LIC OF INDIA RURAL BRANCH
RAJAHMUNDRY
MOBILE: 9292306820
MagicPlan - Retire And Enjoy
Quotation Ref.No.
Proposer’s Name Proposer’s Age
Quotation Date
(nearer birthday)29Mr. ANIL KUMAR
01/03/20142370 1
Sum Proposed 40274Yearly Premium1195000
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Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt. 30.90 %100000: :
Benefits During Deferment Period
Age
Yearly
Premium
Loan
Available Year
Risk Cover
Normal Accident
2014 040274125236029 2447360
2015 039671130972030 2504720
2016 3150039671136708031 2562080
2017 9200039671142444032 2619440
2018 11900039671148180033 2676800
2019 14725039671153916034 2734160
2020 17650039671159652035 2791520
2021 21175039671165388036 2848880
2022 24900039671171124037 2906240
2023 28925039671176860038 2963600
2024 33250039671182596039 3020960
2025 37875039671188332040 3078320
2026 42850039671194068041 3135680
2027 48225039671199804042 3193040
2028 53925039671207025043 3265250
2029 60075039671213358544 3328585
2030 66700039671219692045 3391920
2031 73625039671226025546 3455255
2032 81175039671232649047 3521490
2033 89100039671239870048 3593700
2034 97675039671247381049 3668810
2035 106800039671257282050 3767820
2036 116675039671272253051 3917530
2037 127350039671288129052 4076290
2038 139125039671305815053 4253150
2039 152575039671323501054 4430010
1032049
* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
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Sample Report For Demonstration Purpose Only
K V S APPAJI
AGENT:G CHRISTOPHER
LIC OF INDIA RURAL BRANCH
RAJAHMUNDRY
MOBILE: 9292306820
MagicPlan - Retire And Enjoy
Quotation Ref.No.
Proposer’s Name Proposer’s Age
Quotation Date
(nearer birthday)29Mr. ANIL KUMAR
01/03/20142370 1
Sum Proposed 40274Yearly Premium1195000
:
:
:
:
:
:
30.90 %:100000: Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt.
Benefits during the Retirement Period
Yr Age
Risk Cover Returns
From L.I.C.
Annual
Premium
Loan
Available
Nett
Income AccidentNormal
Desired
Income
Existing
Provision
Nett
Requirement
Additional
Needs312894055 14597502811904218940 240000 24570040 354900 0 240000
300466056 13937502836003994660 240000 25193841 316620 0 240000
284878057 13175002994003738780 240000 27142742 279730 0 240000
269660058 12302503152003486600 240000 29078643 244140 0 240000
253372059 11315003340003223720 240000 31303244 209680 0 240000
233574060 10220003588002925740 240000 34117345 176270 0 240000
209816061 9027503836002588160 240000 36922546 143750 0 240000
179098062 7760004134002180980 240000 40218647 112140 0 240000
144420063 6302504332001734200 240000 42506848 81320 0 240000
064 02440700 240000 24407049 00 0 240000
065 02440700 240000 24407050 00 0 240000
066 02440700 240000 24407051 00 0 240000
067 02440700 240000 24407052 00 0 240000
068 02440700 240000 24407053 00 0 240000
069 02440700 240000 24407054 00 0 240000
070 02440700 240000 24407055 00 0 240000
1918554810880 4619025
Magic-Plan Retire & Enjoy is a combination of LIC plans specially researched to meet the objective of securing a financially independent lifefor yourself and your spouse on retirement.
The benefits shown in this presentation have been calculated on the basis of last bonus of plan no. 14 declared by LIC for the year ended .31-Mar-2013 . Actual results may deviate on the future performance of plan no. 814 .
The income from age 64 to 70 is being provided through maturity of highest term policy settled in 7 installments.
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Sample Report For Demonstration Purpose Only
K V S APPAJI
AGENT:G CHRISTOPHER
LIC OF INDIA RURAL BRANCH
RAJAHMUNDRY
MOBILE: 9292306820
MagicPlan - Retire And Enjoy
Quotation Ref.No.
Proposer’s Name Proposer’s Age
Quotation Date
(nearer birthday)29Mr. ANIL KUMAR
01/03/20142370 1
Sum Proposed 40274Yearly Premium1195000
:
:
:
:
:
:
Insurance Facts
Year Age
Risk Cover Annual
Premium
Loan
Available
Net
Cashflow AccidentNormalTax
Saved
Net
Premium
Returns
From L.I.C.
Existing
Cashin Cashout
2014 29 1252360 2447360 40274 12072 28202 0 0 0 -40274 0
2015 30 1309720 2504720 39671 12072 27599 0 0 0 -39671 0
2016 31 1367080 2562080 39671 12072 27599 0 0 0 -39671 31500
2017 32 1424440 2619440 39671 12072 27599 0 0 0 -39671 92000
2018 33 1481800 2676800 39671 12072 27599 0 0 0 -39671 119000
2019 34 1539160 2734160 39671 12072 27599 0 0 0 -39671 147250
2020 35 1596520 2791520 39671 12072 27599 0 0 0 -39671 176500
2021 36 1653880 2848880 39671 12072 27599 0 0 0 -39671 211750
2022 37 1711240 2906240 39671 12072 27599 0 0 0 -39671 249000
2023 38 1768600 2963600 39671 12072 27599 0 0 0 -39671 289250
2024 39 1825960 3020960 39671 12072 27599 0 0 0 -39671 332500
2025 40 1883320 3078320 39671 12072 27599 0 0 0 -39671 378750
2026 41 1940680 3135680 39671 12072 27599 0 0 0 -39671 428500
2027 42 1998040 3193040 39671 12072 27599 0 0 0 -39671 482250
2028 43 2070250 3265250 39671 12072 27599 0 0 0 -39671 539250
2029 44 2133585 3328585 39671 12072 27599 0 0 0 -39671 600750
2030 45 2196920 3391920 39671 12072 27599 0 0 0 -39671 667000
2031 46 2260255 3455255 39671 12072 27599 0 0 0 -39671 736250
2032 47 2326490 3521490 39671 12072 27599 0 0 0 -39671 811750
2033 48 2398700 3593700 39671 12072 27599 0 0 0 -39671 891000
2034 49 2473810 3668810 39671 12072 27599 0 0 0 -39671 976750
2035 50 2572820 3767820 39671 12072 27599 0 0 0 -39671 1068000
2036 51 2722530 3917530 39671 12072 27599 0 0 0 -39671 1166750
2037 52 2881290 4076290 39671 12072 27599 0 0 0 -39671 1273500
2038 53 3058150 4253150 39671 12072 27599 0 0 0 -39671 1391250
2039 54 3235010 4430010 39671 12072 27599 0 0 0 -39671 1525750
2040 55 3128940 4218940 35490 10800 24690 281190 0 0 245700 1459750
2041 56 3004660 3994660 31662 9635 22027 283600 0 0 251938 1393750
2042 57 2848780 3738780 27973 8512 19461 299400 0 0 271427 1317500
2043 58 2696600 3486600 24414 7429 16985 315200 0 0 290786 1230250
2044 59 2533720 3223720 20968 6381 14587 334000 0 0 313032 1131500
2045 60 2335740 2925740 17627 5364 12263 358800 0 0 341173 1022000
2046 61 2098160 2588160 14375 4375 10000 383600 0 0 369225 902750
2047 62 1790980 2180980 11214 3413 7801 413400 0 0 402186 776000
2048 63 1444200 1734200 8132 2475 5657 433200 0 0 425068 630250
2049 64 0 0 0 0 0 244070 0 0 244070 0
2050 65 0 0 0 0 0 244070 0 0 244070 0 2051 66 0 0 0 0 0 244070 0 0 244070 0
2052 67 0 0 0 0 0 244070 0 0 244070 0
2053 68 0 0 0 0 0 244070 0 0 244070 0
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Sample Report For Demonstration Purpose Only
K V S APPAJI
AGENT:G CHRISTOPHER
LIC OF INDIA RURAL BRANCH
RAJAHMUNDRY
MOBILE: 9292306820
MagicPlan - Retire And Enjoy
Year Age
Risk Cover Annual
Premium
Loan
Available
Net
Cashflow AccidentNormalTax
Saved
Net
Premium
Returns
From L.I.C.
Existing
Cashin Cashout
2054 69 0 0 0 0 0 244070 0 0 244070 0
2055 70 0 0 0 0 0 244070 0 0 244070 0
8516481223904 372256 4810880 0 0 3586976
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