Proposal for Mr Gupta

Some Achievements of LIC

LIC is No. 1 in Indias Top 50 Most Trusted Service Brands LIC is the largest insurer in the world with more than 28 crore customers LIC completes 54 years of service to its customers LIC Tops in death claim settlement LIC has an asset base of over Rs 8 lakh crore and a sovereign guarantee LIC gives funds to government for developing core sectors of India like electricity, water supply, flyovers, etc. LIC honoured by legends like Dr. Manmohan Singh (Prime Minister of India) & Shri P. Chidambaram (Union Finance Minister)

Plan 184: Child Career Plan

Today, life is highly competitive. Education and settling in life entails high costs. Parents need, therefore, to make provision, in advance, for good education for their children. Children also need financial support for entering business/career. This plan is designed to meet the increasing educational and other needs of growing children which provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term).

Features
(1) Survival Benefit : 5 years before the date of expiry of policy term - 30% of the Sum Assured + Vested Simple Reversionary Bonuses 4 years before the date of expiry of policy term - 15% of the Sum Assured 3 years before the date of expiry of policy term - 15% of the Sum Assured 2 years before the date of expiry of policy term - 15% of the Sum Assured 1 years before the date of expiry of policy term - 15% of the Sum Assured On the date of expiry of policy term - 15% of the Sum Assured along with Final (Additional) Bonus, if any. (2) Death Benefit : On death after the Date of Commencement of Risk (i) If death occurs within the period from date of commencement of risk to 5 years before the date of expiry of policy term: Sum Assured along with Vested Simple Reversionary Bonuses and Final (Additional) bonus (if any) is payable. (ii) If death occurs within 5 years before the date of expiry of policy term: Sum Assured along with Final (Additional) bonus (if any) is payable. On death during the Extended Term - Sum Assured is payable. On death before the Date of Commencement of Risk - All the premiums paid (excluding premium for extra and premium waiver benefit, if any,) along with interest of 3% p.a compounding yearly shall be payable. (3) Extended Term: The Extended term will be 7 years from the date of expiry of policy term. No premiums are payable during the Extended term of plan. (4) Auto Cover : If after at least two full years premiums have been paid, and any subsequent premium be not duly paid, full death cover shall continue for a period of two years from the due date of the First Unpaid Premium (FUP). (5) The risk starts on completion of 7 years or 2 years from date of commencement of policy, whichever is later, which is called as the Deferment Period (6) Premium Wavier benefit available on payment of extra premium. (7) Backdating of policy is allowed. (8) Policy can be surrendered for its paid-up value after a period of 3 years. (9) Yly/Hly/Qly/SSS modes are allowed.

Take risks: if you win, you will be happy; if you loose, you will be wise

Plan 185: Child Future Plan

Today, life is highly competitive. Education and settling in life entails high costs. Parents need, therefore, to make provision, in advance, for good education for their children. Children also need financial support for entering business/career. This plan is designed to meet the increasing educational and other needs of growing children which provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term).

Features
(1) Survival Benefit : 5 years before the date of expiry of policy term - 25% of the Sum Assured 4 years before the date of expiry of policy term - 10% of the Sum Assured 3 years before the date of expiry of policy term - 10% of the Sum Assured 2 years before the date of expiry of policy term - 10% of the Sum Assured 1 years before the date of expiry of policy term - 10% of the Sum Assured On the date of expiry of policy term - 50% of the Sum Assured along with vested Simple Reversionary Bonuses and Final (Additional) Bonus, if any. (2) Death Benefit : On death after the Date of Commencement of Risk but before the date of expiry of policy term -Sum Assured along with Vested Simple Reversionary Bonuses and Final (Additional) bonus (if any) is payable. On death during the Extended Term - Sum Assured is payable. On death before the Date of Commencement of Risk - All the premiums paid (excluding premium for extra and premium waiver benefit, if any,) along with interest of 3% p.a compounding yearly shall be payable. (3) Extended Term: The Extended term will be 7 years from the date of expiry of policy term. No premiums are payable during the Extended term of plan. (4) Auto Cover : If after at least two full years premiums have been paid, and any subsequent premium be not duly paid, full death cover shall continue for a period of two years from the due date of the First Unpaid Premium (FUP). (5) The risk starts on completion of 7 years or 2 years from date of commencement of policy, whichever is later, which is called as the Deferment Period (6) Premium Wavier benefit available on payment of extra premium. (7) Backdating of policy is allowed. (8) Policy can be surrendered for its paid-up value after a period of 3 years. (9) Yly/Hly/Qly/SSS modes are allowed.

Success occurs when opportunity meets preparation

Pres Number : 145 Pres Date : 08/12/2012

Proposer Name : Mr Gupta Proposer Age : 35

Sec 80C Limit : 100000 Tax Slab : 30

Presentation Details
Plan Plan Name Term / PPT Sum Assured Bonus Mode *Premium Total Prem's Paid Maturity Year Maturity Amount

184 Child Career Plan 185 Child Future Plan

Total:

20/15 20/15

200000 200000
400000

48 50

SSS SSS

1123 1152
2275

202140 207360
409500

2032 2032

44000 314000

Note: The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies. * Rider Premiums are included in Premium. * NI is number of installments.

Rider Details
Plan Term PPT Rider Name Rider Sum Rider Term Rider Premium Total Prem's Paid

184 185
Total

20 20

15 Premium Waiver Benefit 15 Premium Waiver Benefit

15 15

36 37
73

6480 6660
13140

Agents Copy

Sr. DOC No.

Pn / Tm / PPT

Sum Assured

Mode Yearly Half Yearly Quaterly Monthly SSS Single Per Day

No of Inst.

1 08/12/2012 2 08/12/2012

184/20/15 185/20/15

200000 200000

13203 13536
26739

6671 6839
13510

3370 3455
6825

0 0
0

1123 1152
2275

0 0
0

36.17 37.08
73.26

0 0

There is no substitute for Life Insurance

Tax Slab: 30%

Year Age Normal Riskcover Accident Riskcover

Riskcover & Cashflow Chart

Annual Premium Tax Saved Net Premium Returns from LIC Net Returns Surrender Value Total Loan Available

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039

35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62

26428 53648 458800 478400 498000 517600 537200 556800 576400 596000 615600 635200 654800 674400 702000 570000 582000 594000 610000 628000 400000 400000 400000 400000 400000 400000 400000 0

26428 53648 458800 478400 498000 517600 537200 556800 576400 596000 615600 635200 654800 674400 702000 570000 582000 594000 610000 628000 400000 400000 400000 400000 400000 400000 400000 0

27300 27300 27300 27300 27300 27300 27300 27300 27300 27300 27300 27300 27300 27300 27300 0 0 0 0 0 0 0 0 0 0 0 0 0
409500

8190 8190 8190 8190 8190 8190 8190 8190 8190 8190 8190 8190 8190 8190 8190 0 0 0 0 0 0 0 0 0 0 0 0 0
122850

19110 19110 19110 19110 19110 19110 19110 19110 19110 19110 19110 19110 19110 19110 19110 0 0 0 0 0 0 0 0 0 0 0 0 0
286650

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 254000 50000 50000 50000 50000 358000 0 0 0 0 0 0 0

812000

-19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 -19110 254000 50000 50000 50000 50000 358000 0 0 0 0 0 0 0
525350

0 0 32760 57361 72707 89053 106709 131590 160466 193044 229693 266729 299079 355523 409158 249040 237824 230781 228418 231266 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total
Note: (1) (2) (3) (4)

The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies. Calculation includes Bonus and Final Additional Bonus as per present Rates. * Available Total Money. we are showing annual returns. in case of payment in arrears, half yearly installmant starts 6 months after maturity and yearly installment starts 1 year after maturity. in case of payment in advance, yearly and half yearly installments starts immediately from maturity date. Please refer circular no: Actl / 2015 / 4 for details about settlement options.

(*) The above illustration gives an effective yield of 9.58% with tax benefit. (*) The above illustration gives an effective yield of 6.32% without tax benefit.

Happiness is a path, not a destination

FAB

Breakup of Returns
Sum Assured & Survival's Bonus Final Additional Bonus 440000 344000 28000

3.45%

Bonus

42.36%

54.19%

Sum Assured

A man is at his tallest when he stoops to help a child