Presented by

N. RAVI SANKAR

Overview of Insurance & Retirement Plan for

Mr. Sai Kumar

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.100541/- p.a. from your own
funds till your age of 51 years. This proposal provides
for a high riskcover of Rs.2130435/- starting at age 36
and growing to Rs.3543936/- at age 52.

In the year 2022 when you will be 52 years of age, you

will start receiving annual tax free income every year till
70 years of your age. Income starts at Rs. 165132 per
annum and increases by approximately 5.00 % 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 51.

Premiums are available for exemption under sec.80 CCE of

income tax act upto Rs.100000/- per annum

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

Disclaimer
u Magic-Plan Retire & Enjoy is not a LIC plan in itself. It 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 reversionary bonuses declared by

LIC for the year ended 31-Mar-2005. 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 8.03 % (calculated as per IRR method)

N. RAVI SANKAR

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 411

Quotation Date

: 28/07/2006

Proposers Name

: Mr. Sai Kumar

Proposers Age

: 36

Sum Proposed

: 2045000

Yearly Premium

: 100541

Sec.80 CCE Invt. Lmt.

Sec.80 CCE Tax Rebate

: 100000

(nearer birthday)

: 30.60 %

Benefits During Deferment Period

Risk Cover
Yearly
Premium

Tax
Saved

Nett
Premium

Loan
Available

2630435

100541

30600

69941

2232230

2732230

100541

30600

69941

38

2325845

2825845

100541

30600

69941

53750

2009

39

2419460

2919460

100541

30600

69941

126000

2010

40

2513075

3013075

100541

30600

69941

179750

2011

41

2606690

3106690

100541

30600

69941

238750

2012

42

2700305

3200305

100541

30600

69941

303500

2013

43

2793920

3293920

100541

30600

69941

375000

2014

44

2887535

3387535

100541

30600

69941

454250

2015

45

2981150

3481150

100541

30600

69941

541750

2016

46

3074765

3574765

100541

30600

69941

640000

2017

47

3168380

3668380

100541

30600

69941

749250

2018

48

3261995

3761995

100541

30600

69941

872000

2019

49

3355610

3855610

100541

30600

69941

1012250

2020

50

3449225

3949225

100541

30600

69941

1170250

2021

51

3543936

4043936

100541

30600

69941

1349250

1608656

489600

1119056

Year

Age
Normal

Accident

2006

36

2130435

2007

37

2008

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

N. RAVI SANKAR

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 411

Quotation Date

: 28/07/2006

Proposers Name

: Mr. Sai Kumar

Proposers Age

: 36

Sum Proposed

: 2045000

Yearly Premium

: 100541

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.60 %

Benefits during the Retirement Period

Returns From LIC
Risk Cover
Year

Age
Normal

Accident

Yearly
Premium

Tax
Saved

Nett
Premium

Desired
Income

Amount
Recieved

Used for
Prem. Pymt.

Nett
Recievable

Loan
Available

2022

52

3614170

4114170

90417

27669

62748

140000

227880

62748

165132

1344500

2023

53

3631760

4131760

81324

24887

56437

147000

230230

56437

173793

1335000

2024

54

3637455

4137455

73132

22380

50752

154350

229250

50752

178498

1326250

2025

55

3662900

4162900

65745

20120

45625

162068

227640

45625

182015

1312750

2026

56

3673740

4173740

59067

18077

40990

170171

227700

40990

186710

1298250

2027

57

3661540

4161540

53032

16230

36802

178680

236170

36802

199368

1272750

2028

58

3660905

4160905

47576

14560

33016

187614

234570

33016

201554

1245750

2029

59

3637800

4137800

42401

12976

29425

196995

245805

29425

216380

1208750

2030

60

3600000

4100000

37715

11542

26173

206845

244800

26173

218627

1169500

2031

61

3540800

4040800

33237

10172

23065

217187

255500

23065

232435

1118500

2032

62

3460200

3960200

28962

8864

20098

228046

266200

20098

246102

1057000

2033

63

3358200

3858200

24876

7614

17262

239448

276900

17262

259638

983500

2034

64

3234800

3734800

20965

6417

14548

251420

287600

14548

273052

896750

2035

65

3090000

3590000

17214

5269

11945

263991

298300

11945

286355

796500

2036

66

2927800

3327800

13513

4136

9377

277191

309000

9377

299623

679750

2037

67

2742200

3042200

9948

3045

6903

291051

320700

6903

313797

544000

2038

68

2533200

2733200

6514

1994

4520

305604

332400

4520

327880

387000

2039

69

2300800

2400800

3201

980

2221

320884

344100

2221

341879

206750

2040

70

2045000

2045000

336928

355800

355800

5150545

491907

4658638

708839

u Magic-Plan Retire & Enjoy is not a LIC plan in itself. It 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 reversionary bonuses declared by LIC for the

year ended 31-Mar-2005 . 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. 2045000 /- will continue till life time
u The effective yield in the above proposal works out to 8.03 % (calculated as per IRR method)
u IRR does not consider the death benefit after age 70
u The nett annuity is increasing every year to take care of the inflation @ 5.00 % (approximately)