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Planning for your future? But then, does life actually move as per your plans?

The answer is no. What you need is a flexible insurance plan that accomodates the changes in your plans dynamically without upsetting your financial applecart.
A dynamic insurance proposal exclusively designed for :

Mr. Vimal
aged 30 years
Presentation prepared by:
Harish Chand
577, GH-9, PASCHIM VIHAR NEW DELHI- 110087 INDIA, 9811896425, 9212201725 www.delhiLICagent.com

Harish Chand
Delhi LIC Agent

Insurance Plan Overview


Life is full of uncertainties. It does not travel in a straight line. There are number of responsibilities to be fulfilled and many dreams to be realized. Consider the following real life examples:
q You know that your childs marriage is your responsibility and that you will need lumpsum amount for discharging this vital responsibility at sometime when he / she grows up. You may plan for the funds when he / she is 24 years of age. But what if the child decides to marry early, say at 21 years of age. q You know that you will retire at some age. You may plan for your retirement at the age of 55. But maybe you will change your decision for early or later retirement. q Health issues can never be predicted. And when they do arrive, you cannot escape them too.

These and many such situations can arise which can seriously jeopardise your financial plan, as your funds may not be liquid at that point of time. The solution is to invest in such a dynamic insurance plan where your life is covered and your family is adequately protected. At the same time it also has the flexibility to provide you cash liquidity at variable periods. Presenting the MagicPlan ATM, exclusively designed to meet the impotant objectives of your life:
Name of the proposed Sec. 80 CCE Inv. Limit Proposed Policy Details : Plan Jeevan Saral Term 35 Death Sum Assured 362500 Term Rider 0 Accident Rider (DAB) 187500 Annual Premium 1466 Premium 17592 : Mr. Vimal : Rs. 100000 Age Sec. 80 CCE Tax Saving : 30 : 33.99 %

Assumptions
Assumptions
Objective Retirement Income Likely period 2035 to 2045 Present Value* 16000 Rate of Inflation 0.00 Future Other Value** Assumptions 16000 p.m. (Option F) Estimated Annual Premium 17400

* Present value is the amount needed if the objective was to be fulfilled today. ** Future value is the actual amount that may be needed in future due to the impact of inflation.

Harish Chand

Life Objective No 1

Retirement Income
After years of hard work towards keeping your family happy, you look forward to relaxing during your sunset years. Perhaps, you are considering retirement when you would be in the age range of 55 to 65 years. If you were to retire today and your monthly pension needis Rs. 16000 p.m. then your minimum pension needs during your retirement period would be around Rs. 16000 per month, after taking into account inflation at the rate of 0 percent per annum. This MagicPlan ATM will provide you with lumpsum cash during your likely retirement period to enable you to buy any immediate annuity plan like Jeevan Akshay VI or any similar so that you receive atleast Rs.16000 per month as pension.
Withdrawal Year 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 Your Age 55 56 57 58 59 60 61 62 63 64 65 Available 1694140 1880780 2086084 2311919 2560337 2833597 3134183 3464827 3828536 4228616 4668704 Monthly Pension* 10038 11144 12377 13737 15213 16860 18675 20645 22844 25266 27896

The above figures are on the basis of beginning of the year .

* Calculated as per current Jeevan Akshay VI annuity rates under option F - For life with return of purchase price on death

Harish Chand

Yearwise chart of Benefits


Annual Premium Year
2010 2011 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 2040

Riskcover Normal
362500 379900 397300 414700 432100 449500 466900 484300 501700 633372 673760 718602 766604 818286 873567 939971 1013441 1094478 1184208 1283224 1392878 1513904 1647937 1795863 1959606 2140286 2340211 2560768 2804140 3072571 0

Cash Liquidity
550000 567400 584800 602200 619600 637000 654400 671800 689200 820872 861260 906102 954104 1005786 1061067 1127471 1200941 1281978 1371708 1470724 1580378 1701404 1835437 1983363 2147106 2327786 2527711 2748268 2991640 3260071 0 0 0 0 29708 47554 68527 85246 102675 120843 139882 274541 319221 368369 422432 481901 547317 619275 698429 785498 881274 986627 1102516 1229994 1370219 1524467 1694140 1880780 2086084 2311919 2560337 2833597

Amount Withdrawn
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 2833597 NCO for Retirement Income
2833597

Age
30 31 32 33 34 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
Total

Pre Tax
17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 17400 0
522000

Post Tax
11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 11486 0
344572

Accidental

At the end of the year Remarks

q For the purpose of this illustration the centre point of the likely period of each objective has been considered.