Insurance Proposal for

Mr. Gangadhara
for Annual Income of Rs. 200000/from age 51 to 70

Presented by
KUMAR K
DEVELOPMENT OFFICER
LIC OF INDIA, D.A. BRANCH,1ST FLOOR, JEEVANPRAKASH BUILDING
J.C. ROAD, BANGALORE-560002
MOB:9986666645/9980111007
EMAIL: k.kumaar@licindia.com

Presented by
KUMAR K
DEVELOPMENT OFFICER
LIC OF INDIA, D.A. BRANCH,1ST FLOOR, JEEVANPRAKASH BUILDING
J.C. ROAD, BANGALORE-560002
MOB:9986666645/9980111007
EMAIL: k.kumaar@licindia.com

Overview of Insurance & Retirement Plan for

Mr. Gangadhara
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.95945/- p.a. from your own
funds till your age of 50 years. This proposal provides
for a high riskcover of Rs.2332990/- starting at age 33
and growing to Rs.4142658/- at age 51.

In the year 2031 when you will be 51 years of age, you

will start receiving annual tax free income every year till
70 years of your age. Income starts at Rs. 228618 per
annum and increases by approximately 0.00 % every
year to take care of inflating costs of living. There is a
provision of risk cover during this period too. In case of
death during this period lump sum amount
corresponding to the prevailing risk cover will be paid to
your nominee.

No premiums are payable from own fund after deferment

period, that is, after age 50.
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-2012. 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).

KUMAR K
DEVELOPMENT OFFICER
LIC OF INDIA, D.A. BRANCH,1ST FLOOR, JEEVANPRAKASH BUILDING
J.C. ROAD, BANGALORE-560002
MOB:9986666645/9980111007
EMAIL: k.kumaar@licindia.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 3108

Quotation Date

: 28/08/2013

Proposers Name

: Mr. Gangadhara

Proposers Age

: 33

Sum Proposed

: 2230000

Yearly Premium

: 95945

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits During Deferment Period

Risk Cover
Year

Age

2013
2014
2015

Yearly
Premium

Tax
Saved

Net
Premium

Loan
Available

2832990

95945

29649

66296

2935980

95945

29649

66296

2538970

3038970

95945

29649

66296

61000

Normal

Accident

33

2332990

34

2435980

35

2016

36

2641960

3141960

95945

29649

66296

122500

2017

37

2744950

3244950

95945

29649

66296

174500

2018

38

2847940

3347940

95945

29649

66296

233500

2019

39

2950930

3450930

95945

29649

66296

300250

2020

40

3053920

3553920

95945

29649

66296

376500

2021

41

3156910

3656910

95945

29649

66296

462000

2022

42

3259900

3759900

95945

29649

66296

557750

2023

43

3362890

3862890

95945

29649

66296

663750

2024

44

3465880

3965880

95945

29649

66296

782750

2025

45

3568870

4068870

95945

29649

66296

914750

2026

46

3671860

4171860

95945

29649

66296

1062500

2027

47

3797150

4297150

95945

29649

66296

1229000

2028

48

3911290

4411290

95945

29649

66296

1415250

2029

49

4025430

4525430

95945

29649

66296

1626250

2030

50

4142658

4642658

95945

29649

66296

1860750

1727010

533682

1193328

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

KUMAR K
DEVELOPMENT OFFICER
LIC OF INDIA, D.A. BRANCH,1ST FLOOR, JEEVANPRAKASH BUILDING
J.C. ROAD, BANGALORE-560002
MOB:9986666645/9980111007
EMAIL: k.kumaar@licindia.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 3108

Quotation Date

: 28/08/2013

Proposers Name

: Mr. Gangadhara

Proposers Age

: 33

Sum Proposed

: 2230000

Yearly Premium

: 95945

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits during the Retirement Period

Returns From LIC
Risk Cover
Year

Age

Normal

Accident

Yearly
Premium

Tax
Saved

Net
Premium

Desired
Income

Amount
Received

Used for
Prem. Pymt.

Net
Receivable

Loan
Available

2031

51

4121566

4621566

85708

26486

59222

200000

287840

59222

228618

1868250

2032

52

4102775

4602775

76693

23700

52993

200000

277050

52993

224057

1876500

2033

53

4071864

4571864

68477

21161

47316

200000

275500

47316

228184

1877250

2034

54

4062530

4562530

61527

19013

42514

200000

264810

42514

222296

1882750

2035

55

4101120

4601120

55202

17059

38143

200000

264250

38143

226107

1884000

2036

56

4137990

4637990

49684

15354

34330

200000

256565

34330

222235

1890250

2037

57

4186500

4686500

44901

13876

31025

200000

247590

31025

216565

1903750

2038

58

4212400

4712400

40549

12531

28018

200000

250500

28018

222482

1918000

2039

59

4219900

4719900

36400

11249

25151

200000

265200

25151

240049

1923000

2040

60

4196000

4696000

32436

10024

22412

200000

280900

22412

258488

1918250

2041

61

4140700

4640700

28646

8853

19793

200000

296600

19793

276807

1903000

2042

62

4078000

4578000

25016

7731

17285

200000

312300

17285

295015

1876250

2043

63

4019900

4519900

21532

6654

14878

200000

331000

14878

316122

1838500

2044

64

3912400

4412400

18184

5619

12565

200000

355700

12565

343135

1787250

2045

65

3780500

4280500

14967

4625

10342

200000

380400

10342

370058

1719000

2046

66

3549200

4049200

11766

3636

8130

200000

410100

8130

401970

1635500

2047

67

3278500

3778500

8677

2681

5996

200000

429800

5996

423804

1528500

2048

68

2978400

3478400

5689

1758

3931

200000

449500

3931

445569

1401250

2049

69

2628900

3128900

2798

865

1933

200000

474200

1933

472267

1246750

2050

70

2230000

2230000

200000

498900

498900

1059750

6608705

475977

6132728

688852

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-2012 . 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. 2,230,000.00 will continue till life time.
u The effective yield in the above proposal works out to 8.40 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 70.

KUMAR K
DEVELOPMENT OFFICER
LIC OF INDIA, D.A. BRANCH,1ST FLOOR, JEEVANPRAKASH BUILDING
J.C. ROAD, BANGALORE-560002
MOB:9986666645/9980111007
EMAIL: k.kumaar@licindia.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 3108

Quotation Date

: 28/08/2013

Proposers Name

: Mr. Gangadhara

Proposers Age

: 33

Sum Proposed

: 2230000

(ANB)

Benefits After Retirement Age

Risk Cover
Year

Age

Normal

Accident

Cash Value

Loan Available

2051

71

2230000

2230000

1212897

1092500

2052

72

2230000

2230000

1247016

1121500

2053

73

2230000

2230000

1280689

1153500

2054

74

2230000

2230000

1313916

1182250

2055

75

2230000

2230000

1346474

1210750

2056

76

2230000

2230000

1378586

1242250

2057

77

2230000

2230000

1410252

1270250

2058

78

2230000

2230000

1441026

1298000

2059

79

2230000

2230000

1471354

1325500

2060

80

2230000

2230000

1500790

1349750

2061

81

2230000

2230000

1529334

1376750

2062

82

2230000

2230000

1557209

1400250

2063

83

2230000

2230000

1584192

1426750

2064

84

2230000

2230000

1610283

1449500

2065

85

2230000

2230000

1635705

1471750

2066

86

2230000

2230000

1660012

1494000

2067

87

2230000

2230000

1683650

1516000

2068

88

2230000

2230000

1706396

1534000

2069

89

2230000

2230000

1729142

1556000

2070

90

2230000

2230000

1750996

1576750

2071

91

2230000

2230000

1773296

1595000

2072

92

2230000

2230000

1795373

1616250

2073

93

2230000

2230000

1818119

1638250

2074

94

2230000

2230000

1847109

1661750

2075

95

2230000

2230000

1872531

1684250

2076

96

2230000

2230000

1920699

1728750

2077

97

2230000

2230000

1967752

1772000

2078

98

2230000

2230000

2076130

1868000

2079

99

2230000

2230000

2153065

1939000

2080

100

2230000

2230000

KUMAR K
DEVELOPMENT OFFICER
LIC OF INDIA, D.A. BRANCH,1ST FLOOR, JEEVANPRAKASH BUILDING
J.C. ROAD, BANGALORE-560002
MOB:9986666645/9980111007
EMAIL: k.kumaar@licindia.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 3108

Quotation Date

: 28/08/2013

Proposers Name

: Mr. Gangadhara

Proposers DOB

: 05/07/1980

Sum Proposed

: 2230000

Yearly Premium

: 95945

Sec.80 CCE Invt. Lmt.

: 100000

Age : 33 (ANB)

: 30.90 %

Sec.80 CCE Tax Rebate

Agent's Copy
PREMIUM

Sr.
No.

Plan/Tm/PPT

Sum

DAB
Sum

Interim
Bonus
Rate

* Bonus
Rate

#Assu
Step
Rate

FAB

SSS

Mly.

Qly.

Hly.

Yly.

149/18/18

160000

43

43

0.00

25

880

925

2640

5199

10237

149/19/19

150000

43

43

0.00

30

775

815

2325

4579

9015

149/20/20

145000

43

43

0.00

40

706

742

2119

4173

8216

149/21/21

130000

47

47

0.00

50

597

628

1792

3530

6950

149/22/22

125000

47

47

0.00

80

544

572

1631

3212

6325

149/23/23

115000

47

47

0.00

150

474

499

1423

2803

5518

149/24/24

105000

47

47

0.00

230

411

432

1234

2430

4783

149/25/25

100000

47

47

0.00

330

374

393

1122

2211

4352

149/26/26

100000

47

47

0.00

430

357

375

1070

2107

4149

10

149/27/27

100000

47

47

0.00

540

341

358

1022

2014

3964

11

149/28/28

100000

47

47

0.00

650

326

343

977

1925

3790

12

149/29/29

100000

47

47

0.00

760

312

328

936

1844

3630

13

149/30/30

100000

47

47

0.00

900

300

315

899

1770

3484

14

149/31/31

100000

47

47

0.00

1100

288

303

864

1701

3348

15

149/32/32

100000

47

47

0.00

1300

277

291

830

1634

3217

16

149/33/33

100000

100000

47

47

0.00

1550

275

289

825

1625

3201

17

149/34/34

100000

100000

47

47

0.00

1700

265

279

796

1569

3089

18

149/35/35

100000

100000

47

47

0.00

1850

257

269

770

1517

2988

19

149/36/36

100000

100000

47

47

0.00

2050

248

261

745

1468

2891

20

149/37/37

100000

100000

47

47

0.00

2250

240

252

721

1421

2798

2230000

500000

8247

8669

24741

48732

95945

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2013.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.