Retire

&
Enjoy

Package

Living
too
Short
is
Risky


The Answer is




Living
toooooooooooooooo
Long
is also
Risky

The Answer is
Planning
for




O OLD AGE CHALLENGES

New Disease & New Treatment

Lack of Adequate Social Security

Unavoidable Commitments

Lack of Financial Discipline



Retirement Needs

Day-To-day Expense

Medical Expense

Social Expense



Dependent
54
Dead
36
Still Working
5
Independent
4
Wealthy 1
100 Youngsters at the Age 25yrs
When Reach 65yrs










Mutual Funds / Direct
Market
Real Estate / Gold
Bank / Post Office
Pension
Medi-claim
Life
Insurance

Any
Time
You
Can
Invest

&

ANY
TIME
You
Can
SPEND

ONLY
IN
YOUNGER
AGE

&

ONLY
FOR
YOUR
USE
Options - 1

Post Office
Monthly Income Scheme
Interest 8%
Guaranteed up to 6 yrs Only
Income Taxable
Options - 2

Govt of India
New Pension Scheme
Interest Not Guaranteed
Income Taxable
Options - 3

L.I.Cs
Jeevan Akshay Plan-189
Interest 6.9-7.4 %
Guaranteed for LIFE
Income Taxable
Options - 4

L.I.Cs
Jeevan Nidhi & Suraksha
Interest Based on Market
Not Guaranteed
Income Taxable

Which
is
The
Best!



No
One !



Yard-Sticks
to
Choose


Yard-Stick.1
Safety



Yard-Stick.2

Guarantee




Yard-Stick.3
Return On Investment





Yard-Stick.4
Tax-Free





Yard-Stick.5
Extras





When Should
I
Start
Retirement Planning?


Earlier
The
Better




Monthly Savings: 2500/- Pension Age: 55 yrs
Assumed Rate of Interest 6% p.a



Monthly Savings: 2500/- Pension Age: 55 yrs
Assumed Rate of Interest 6% p.a



Pension Age: 55 yrs Capital Required = 16,87,764
Assumed Rate of Interest 6% p.a
















What is Retire & Enjoy Package ?

Combination of LIC Plans
Maturity in Successive Years
Any Plan & Any Number of Plans
With or Without Whole Life Cover
14,48,88,90,91,102,103,133,149,


One Policy for 12,00,000 S.A



Sum Assured 1200000
Bonus 1200 x 48 x 21 1209600
Final Adl Bonus 1200 x 100 120000

Total Maturity Amount 2529600



12 Policies for 100000 S.A



14/21 100000 100800 10000 210800
14/22 100000 105600 15000 220600
14/23 100000 110400 25000 235400
14/24 100000 115200 35000 250200
14/25 100000 120000 45000 265000
14/26 100000 124800 55000 279800
14/27 100000 129600 67000 296600
14/28 100000 134400 79000 313400
14/29 100000 139200 91000 330200
14/30 100000 144000 110000 354000
14/31 100000 148800 130000 378800
14/32 100000 153600 155000 408600
TOTAL 12,00,000 15,26,400 8,17,000 35,43,400

What Big Difference


ONE POLICY MATURITY - 25,29,600

12 POLICIES MATURITY - 35,43,400

DIFFERENCE - 10,13,800



Liquidity of R & E Package !

Medical Emergency Fund

Loan
1 day
Interest 9% p.a. Payable Half Yearly
Repayment at Any Time or Pay Only Interest




Sec 10(10)(d) of Income Tax Act 1961

Benefits Received
From
Life Insurance
100%
Tax Free




Direct Tax Code (D.T.C)

From 1
st
April 2012?

Tax Reforms
Tax on Maturity






EEE
Vs
EET
PREMIUM
BONUS
MATURITY
T = TAXABLE
E = EXEMPTED



L.I.C Bonus Rules
Declared Every Year

Based on Term

Less than 11yrs,
11 to 15 yrs,
16 to 20 yrs
More than 21yrs



28 28
34 34
44 44
52
58
62
64
66
67 67 67 67
69 69
71
74
76
78 78
71
64
57
50
46
48 48 48 48
1
9
8
0
1
9
8
1
1
9
8
2
1
9
8
3
1
9
8
4
1
9
8
5
1
9
8
6
1
9
8
7
1
9
8
8
1
9
8
9
1
9
9
0
1
9
9
1
1
9
9
2
1
9
9
3
1
9
9
4
1
9
9
5
1
9
9
6
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
2
0
0
8
2
0
0
9
2
0
1
0
Endowment Plan Bonus Rates
per Rs.1000/- Sum Assured



L.I.C Final Additional (FAB)Bonus Rules
Payable One Time (on Maturity & Death)

Based on Term
15,16,17,18,1940 & Above yrs

Based on Sum Assured
Up to 25000, 25001 to 50000,
50001 to 199999, 200000 & Above.







Term Up to
25,000
25,001 to
50,000
50,001 to
1,99,999
2,00,000
& Above
15 0 0 10 20
16 0 0 15 25
17 0 10 20 30
18 10 15 25 35
19 15 20 30 50
20 20 25 40 70
21 25 30 50 100
22 30 50 80 150
23 35 100 150 250
25 170 250 330 450
30 670 750 900 1100
35 1400 1500 1850 2300
40 < 2150 2500 3000 3550
Final Additional Bonus per Rs.1000/- Sum Assured 31.03.2010



Why So Long Term Plan ?

Lower Premium
Risk Cover
Higher Bonus
Higher FAB
Longer Pension




LONG TERM INVESTMENT OPTIONS
Taxable Vs Tax-Free Returns
Others Life Insurance

Maturity Rs.100 Rs.80
Tax Payable Rs. 30 0

Net Maturity Rs. 70 Rs.80
( Scope of Tax-Free Long Term Investment Options are Limited,
When compared to Short Term Investment Options )





How L.I.C differ from Private Cos ?

SURPLUS sharing 90 10 Vs 95 5
Past Performance Good Bonus Record
Lower Expenses Lowest Expense Ratio
Claim Settlement Highest Claim
Settlement Ratio
Service Networks 8-Z.O, 109-D.O, 2048+
B.O, 1000+ S.O, . . .






What is Sovereign Guarantee ?
L.I.C OF INDIA Formed & Regulated by
Under LIC OF INDIA ACT 1956

Sum Assured
&
Declared Bonuses

Guaranteed by Govt of India.

Even if LIC in Financial Crisis, Govt will Settle Policy Holders Claim.




Premium Payment is
EASY


GO FOR

E.C.S





Insurance is the
Only Product
Which You Have to Buy
When It is Not Required.

You Cant Buy Insurance
When It is Required.

Because..

Life is Always Uncertain

&

Insecurity is The Biggest Threat in Life

Factors Affecting Confidence Level

Knowledge
Experience
Personality
Position
Power
Influence
Character
Dressing
Ego

Support
Gender
Environment
Performance
Skill
Language
Stress
Spirituality
Insurance



Cash

Confidence




Rule



36,5





TIME IS MONEY




Target Upto June 2011
Rs.5000/-
ECS Monthly
12 Packages
Create a Income of Rs.11,52,000/-
For
Next
25 years









Prepared By
K.N. Babujee B.com M.C.A,
Insurance Advisor &
Wealth Consultant
City Branch VI
Chennai 600 002.
Call: 9884635430
Mail: babujee007@gmail.com
Visit:www.scribd.com/babujee