Insurance Proposal for

Mr. Gupta
for Annual Income of Rs. 196000/from age 45 to 65

Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

Overview of Insurance & Retirement Plan for

Mr. Gupta

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.113888/- p.a. from your own
funds till your age of 44 years. This proposal provides for
a high riskcover of Rs.2577950/- starting at age 29 and
growing to Rs.4234250/- upto age 45.

In the year 2027 when you become 45 years of age,

this plan will provide for regular tax-free income to
support your comfortable retired life till age 65.
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 44.
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 have been calculated on the basis of interim bonuses declared by LIC for the

year ended 31-Mar-2010. Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 8.40 % (calculated as per IRR method).

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - V

Quotation Ref.No.

: Xyz

Quotation Date

: 28/05/2011

Proposers Name

: Mr. Gupta

Proposers Age

: 29

Sum Proposed

: 2470000

Yearly Premium

: 113888

Sec.80 CCE Invt. Lmt.

Sec.80 CCE Tax Rebate

: 100000

(nearer birthday)

: 33.99 %

Benefits During Deferment Period

Risk Cover
Year

Age

Normal

Accident

Yearly
Premium

Loan
Available

2011

29

2577950

3077950

113888

2012

30

2685900

3185900

113888

2013

31

2793850

3293850

113888

79250

2014

32

2901800

3401800

113888

156750

2015

33

3009750

3509750

113888

221750

2016

34

3117700

3617700

113888

296750

2017

35

3225650

3725650

113888

381500

2018

36

3333600

3833600

113888

477250

2019

37

3441550

3941550

113888

583000

2020

38

3549500

4049500

113888

702750

2021

39

3657450

4157450

113888

835750

2022

40

3765400

4265400

113888

985000

2023

41

3873350

4373350

113888

1154000
1344250

2024

42

3981300

4481300

113888

2025

43

4113950

4613950

113888

1560000

2026

44

4234250

4734250

113888

1802500

1822208

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

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - V

Quotation Ref.No.

: Xyz

Quotation Date

: 28/05/2011

Proposers Name

: Mr. Gupta

Proposers Age

: 29

Sum Proposed

: 2470000

Yearly Premium

: 113888

: 100000

Sec.80 CCE Invt. Lmt.

Sec.80 CCE Tax Rebate

(nearer birthday)

: 33.99 %

Benefits during the Retirement Period

Risk Cover
Yr

Age

Normal

Accident

Yearly
Premium

Desired
Income

Existing
Cash In

Existing
Cash Out

Returns
From L.I.C.

Prem.
Pymt.

Net
Surplus

Loan
Available

27

45

4225490

4725490

101027

196000

300780

101027

199753

1801750

28

46

4207800

4707800

89705

196000

291890

89705

202185

1799250

29

47

4182560

4682560

79739

196000

282080

79739

202341

1798750

30

48

4160200

4660200

70971

196000

271350

70971

200379

1796750

31

49

4131650

4631650

63262

196000

260400

63262

197138

1798000

32

50

4117800

4617800

56508

196000

259350

56508

202842

1794250

33

51

4152700

4652700

50616

196000

248400

50616

197784

1794750

34

52

4179550

4679550

45266

196000

251275

45266

206009

1792750

35

53

4216000

4716000

40630

196000

242550

40630

201920

1796250

36

54

4230000

4730000

36418

196000

245500

36418

209082

1803250

37

55

4225000

4725000

32405

196000

260000

32405

227595

1799000

38

56

4189000

4689000

28577

196000

275500

28577

246923

1785250

39

57

4122000

4622000

24918

196000

291000

24918

266082

1760750

40

58

4045000

4545000

21419

196000

306500

21419

285081

1725250

41

59

3967000

4467000

18066

196000

325000

18066

306934

1677000

42

60

3840000

4340000

14849

196000

349500

14849

334651

1613750

43

61

3684000

4184000

11658

196000

374000

11658

362342

1536750

44

62

3439000

3939000

8588

196000

403500

8588

394912

1437750

45

63

3155000

3655000

5625

196000

423000

5625

417375

1319000

46

64

2837000

3337000

2764

196000

442500

2764

439736

1175500

47

65

2470000

2970000

196000

467000

467000

1001000

6571075

803011

5768064

803011

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 have been calculated on the basis of interim bonuses declared by LIC for the year

ended 31-Mar-2010 . Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.
u The Riskcover of Rs. 2470000 will continue till life time.
u The effective yield in the above proposal (based on maturity benefits) works out to 8.40 % (calculated as per IRR method ).

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - V

Quotation Ref.No.

: Xyz

Quotation Date

: 28/05/2011

Proposers Name

: Mr. Gupta

Proposers Age

Sum Proposed

: 2470000

Yearly Premium

: 113888

29

(nearer birthday)

Insurance Facts
Risk Cover
Year Age

Normal

Accident

Annual
Premium

Tax
Saved

Net
Premium

Returns
From L.I.C.

Existing
Cashin

Cashout

Net
Cashflow

Loan
Available
0

2011

29

2577950

3077950

113888

33990

79898

-113888

2012

30

2685900

3185900

113888

33990

79898

-113888

2013

31

2793850

3293850

113888

33990

79898

-113888

79250

2014

32

2901800

3401800

113888

33990

79898

-113888

156750

2015

33

3009750

3509750

113888

33990

79898

-113888

221750

2016

34

3117700

3617700

113888

33990

79898

-113888

296750

2017

35

3225650

3725650

113888

33990

79898

-113888

381500

2018

36

3333600

3833600

113888

33990

79898

-113888

477250

2019

37

3441550

3941550

113888

33990

79898

-113888

583000

2020

38

3549500

4049500

113888

33990

79898

-113888

702750

2021

39

3657450

4157450

113888

33990

79898

-113888

835750

2022

40

3765400

4265400

113888

33990

79898

-113888

985000

2023

41

3873350

4373350

113888

33990

79898

-113888

1154000

2024

42

3981300

4481300

113888

33990

79898

-113888

1344250

2025

43

4113950

4613950

113888

33990

79898

-113888

1560000

2026

44

4234250

4734250

113888

33990

79898

-113888

1802500

2027

45

4225490

4725490

101027

33990

67037

300780

199753

1801750

2028

46

4207800

4707800

89705

30489

59216

291890

202185

1799250

2029

47

4182560

4682560

79739

27102

52637

282080

202341

1798750

2030

48

4160200

4660200

70971

24122

46849

271350

200379

1796750

2031

49

4131650

4631650

63262

21502

41760

260400

197138

1798000

2032

50

4117800

4617800

56508

19206

37302

259350

202842

1794250

2033

51

4152700

4652700

50616

17203

33413

248400

197784

1794750

2034

52

4179550

4679550

45266

15385

29881

251275

206009

1792750

2035

53

4216000

4716000

40630

13809

26821

242550

201920

1796250

2036

54

4230000

4730000

36418

12377

24041

245500

209082

1803250

2037

55

4225000

4725000

32405

11013

21392

260000

227595

1799000

2038

56

4189000

4689000

28577

9712

18865

275500

246923

1785250

2039

57

4122000

4622000

24918

8468

16450

291000

266082

1760750

2040

58

4045000

4545000

21419

7279

14140

306500

285081

1725250

2041

59

3967000

4467000

18066

6139

11927

325000

306934

1677000

2042

60

3840000

4340000

14849

5046

9803

349500

334651

1613750

2043

61

3684000

4184000

11658

3961

7697

374000

362342

1536750

2044

62

3439000

3939000

8588

2918

5670

403500

394912

1437750

2045

63

3155000

3655000

5625

1911

3714

423000

417375

1319000

2046

64

2837000

3337000

2764

939

1825

442500

439736

1175500

2047

65

2470000

2970000

467000

467000

1001000

2625219

816411

1808808

6571075

3945856

Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
IRDA Authorised Insurance Advisor
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - V

Quotation Ref.No.

: Xyz

Quotation Date

: 28/05/2011

Proposers Name

: Mr. Gupta

Proposers DOB

: 28/05/1982

Sum Proposed

: 2470000

Yearly Premium

: 113888

Sec.80 CCE Invt. Lmt.

: 100000

Age : 29 (ANB)

: 33.99 %

Sec.80 CCE Tax Rebate

Agent's Copy
Sr.
No.

PREMIUM

Sum

DAB
Sum

Interim
Bonus
Rate

* Bonus
Rate

#Assu
Step
Rate

FAB

SSS

Mly.

Qly.

Hly.

Yly.

1 149/16/16

180000

41

41

15

1105

1162

3316

6532

12861

2 149/17/17

170000

41

41

20

973

1023

2920

5750

11322

3 149/18/18

160000

41

41

25

857

900

2570

5061

9966

4 149/19/19

150000

41

41

30

754

792

2261

4453

8768

5 149/20/20

140000

41

41

40

663

696

1988

3915

7709

6 149/21/21

130000

45

45

50

581

610

1742

3431

6754

7 149/22/22

120000

45

45

80

506

532

1519

2992

5892

8 149/23/23

115000

45

45

150

460

484

1380

2718

5350

9 149/24/24

105000

45

45

230

399

419

1196

2355

4636

10 149/25/25

100000

45

45

330

362

381

1086

2139

4212

11 149/26/26

100000

45

45

430

345

363

1035

2038

4013

12 149/27/27

100000

45

45

540

329

346

987

1945

3828

13 149/28/28

100000

45

45

650

315

331

944

1858

3659

14 149/29/29

100000

45

45

760

301

316

902

1777

3499

15 149/30/30

100000

45

45

900

288

303

865

1703

3353

16 149/31/31

100000

45

45

1100

277

291

830

1634

3217

17 149/32/32

100000

100000

45

45

1300

274

288

822

1620

3191

18 149/33/33

100000

100000

45

45

1550

264

277

791

1559

3070

19 149/34/34

100000

100000

45

45

1700

255

267

764

1505

2963

20 149/35/35

100000

100000

45

45

1850

246

258

737

1453

2861

21 149/36/36

100000

100000

45

45

2050

237

249

712

1404

2764

2470000

500000

9791

10288

29367

57842

113888

Plan/Tm/PPT

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.