An innovative Retirement solution for Mr. ANIL KUMARto 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.
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.