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    Mr. Anil Kumar: An Innovative Retirement Solution For

    Uploaded by

    Bhanu ANinnocent
    Under this retirement plan, Mr. Anil Kumar will pay annual premiums of Rs. 40,274 from age 29 to 54 to build up risk coverage and savings. From age 55 to 70, the plan will provide him with an annual income of Rs. 240,000. During the deferment period, the plan offers increasing risk coverage and a loan facility. After retirement at age 55, it guarantees tax-free income until age 70, along with continuing life insurance coverage. The plan combines multiple LIC policies to help Mr. Kumar achieve a financially secure retirement.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mr. Anil Kumar: An Innovative Retirement Solution For

    Uploaded by

    Bhanu ANinnocent
    33 views6 pages
    Under this retirement plan, Mr. Anil Kumar will pay annual premiums of Rs. 40,274 from age 29 to 54 to build up risk coverage and savings. From age 55 to 70, the plan will provide him with an annual income of Rs. 240,000. During the deferment period, the plan offers increasing risk coverage and a loan facility. After retirement at age 55, it guarantees tax-free income until age 70, along with continuing life insurance coverage. The plan combines multiple LIC policies to help Mr. Kumar achieve a financially secure retirement.

    Original Description:

    RETIREMENT PLANS

    Original Title

    Anil - Endowment

    Copyright

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    Under this retirement plan, Mr. Anil Kumar will pay annual premiums of Rs. 40,274 from age 29 to 54 to build up risk coverage and savings. From age 55 to 70, the plan will provide him with an annual income of Rs. 240,000. During the deferment period, the plan offers increasing risk coverage and a loan facility. After retirement at age 55, it guarantees tax-free income until age 70, along with continuing life insurance coverage. The plan combines multiple LIC policies to help Mr. Kumar achieve a financially secure retirement.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views6 pages

    Mr. Anil Kumar: An Innovative Retirement Solution For

    Uploaded by

    Bhanu ANinnocent
    Under this retirement plan, Mr. Anil Kumar will pay annual premiums of Rs. 40,274 from age 29 to 54 to build up risk coverage and savings. From age 55 to 70, the plan will provide him with an annual income of Rs. 240,000. During the deferment period, the plan offers increasing risk coverage and a loan facility. After retirement at age 55, it guarantees tax-free income until age 70, along with continuing life insurance coverage. The plan combines multiple LIC policies to help Mr. Kumar achieve a financially secure retirement.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    An innovative Retirement solution

    for

    Mr. ANIL KUMAR


    to provide Annual Income of
    Rs.2,40,000 from age 55 to 70

    Presented by

    K V S APPAJI
    Sample Report For Demonstration Purpose Only
    AGENT:G CHRISTOPHER LIC OF INDIA RURAL BRANCH
    RAJAHMUNDRY MOBILE: 9292306820

    Presented by

    K V S APPAJI
    Sample Report For Demonstration Purpose Only
    AGENT:G CHRISTOPHER
    LIC OF INDIA RURAL BRANCH
    RAJAHMUNDRY
    MOBILE: 9292306820

    Overview of Insurance & Retirement Plan for

    Mr. ANIL 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.40274/- p.a. from your own funds till your
    age of 54 years. This proposal provides for a high riskcover of
    Rs.1252360/- starting at age 29 and growing to
    Rs.3235010/- upto age 55.

    In the year 2040 when you become 55 years of age, this plan
    will provide for regular tax-free income to support your
    comfortable retired life till age 70. 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 54.
    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 last bonus of plan no. 14 declared by LIC for the year
    ended 31-Mar-2013. Actual Results may deviate on the future performance of plan no. 814.

    K V S APPAJI
    Sample Report For Demonstration Purpose Only
    AGENT:G CHRISTOPHER
    LIC OF INDIA RURAL BRANCH
    RAJAHMUNDRY
    MOBILE: 9292306820

    MagicPlan - Retire And Enjoy


    Quotation Ref.No. : 2370 1

    Quotation Date

    : 01/03/2014

    Proposers Name : Mr. ANIL KUMAR

    Proposers Age

    : 29

    Yearly Premium

    : 40274

    Sum Proposed

    : 1195000

    Sec.80 CCE Invt. Lmt. : 100000

    Sec.80 CCE Tax Rebate

    (nearer birthday)

    : 30.90 %

    Benefits During Deferment Period


    Risk Cover
    Year

    Age

    Normal

    Accident

    Yearly
    Premium

    Loan
    Available

    2014

    29

    1252360

    2447360

    40274

    2015

    30

    1309720

    2504720

    39671

    0
    31500

    2016

    31

    1367080

    2562080

    39671

    2017

    32

    1424440

    2619440

    39671

    92000

    2018

    33

    1481800

    2676800

    39671

    119000

    2019

    34

    1539160

    2734160

    39671

    147250

    2020

    35

    1596520

    2791520

    39671

    176500

    2021

    36

    1653880

    2848880

    39671

    211750

    2022

    37

    1711240

    2906240

    39671

    249000

    2023

    38

    1768600

    2963600

    39671

    289250

    2024

    39

    1825960

    3020960

    39671

    332500

    2025

    40

    1883320

    3078320

    39671

    378750

    2026

    41

    1940680

    3135680

    39671

    428500

    2027

    42

    1998040

    3193040

    39671

    482250

    2028

    43

    2070250

    3265250

    39671

    539250

    2029

    44

    2133585

    3328585

    39671

    600750

    2030

    45

    2196920

    3391920

    39671

    667000

    2031

    46

    2260255

    3455255

    39671

    736250

    2032

    47

    2326490

    3521490

    39671

    811750

    2033

    48

    2398700

    3593700

    39671

    891000

    2034

    49

    2473810

    3668810

    39671

    976750

    2035

    50

    2572820

    3767820

    39671

    1068000

    2036

    51

    2722530

    3917530

    39671

    1166750

    2037

    52

    2881290

    4076290

    39671

    1273500

    2038

    53

    3058150

    4253150

    39671

    1391250

    2039

    54

    3235010

    4430010

    39671

    1525750

    1032049

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

    K V S APPAJI
    Sample Report For Demonstration Purpose Only
    AGENT:G CHRISTOPHER
    LIC OF INDIA RURAL BRANCH
    RAJAHMUNDRY
    MOBILE: 9292306820

    MagicPlan - Retire And Enjoy


    Quotation Ref.No. : 2370 1

    Quotation Date

    : 01/03/2014

    Proposers Name : Mr. ANIL KUMAR

    Proposers Age

    : 29

    Yearly Premium

    : 40274

    Sum Proposed

    : 1195000

    Sec.80 CCE Invt. Lmt. : 100000

    (nearer birthday)

    Sec.80 CCE Tax Rebate : 30.90 %

    Benefits during the Retirement Period


    Yr Age
    40
    41
    42
    43
    44
    45
    46
    47
    48
    49
    50
    51
    52
    53
    54
    55

    55
    56
    57
    58
    59
    60
    61
    62
    63
    64
    65
    66
    67
    68
    69
    70

    Risk Cover
    Normal Accident
    3128940
    3004660
    2848780
    2696600
    2533720
    2335740
    2098160
    1790980
    1444200
    0
    0
    0
    0
    0
    0
    0

    4218940
    3994660
    3738780
    3486600
    3223720
    2925740
    2588160
    2180980
    1734200
    0
    0
    0
    0
    0
    0
    0

    Desired Additional
    Income
    Needs
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    Existing
    Nett
    Provision Requirement
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000
    240000

    Returns
    From L.I.C.

    Annual
    Premium

    Nett
    Loan
    Income Available

    281190
    283600
    299400
    315200
    334000
    358800
    383600
    413400
    433200
    244070
    244070
    244070
    244070
    244070
    244070
    244070

    35490
    31662
    27973
    24414
    20968
    17627
    14375
    11214
    8132
    0
    0
    0
    0
    0
    0
    0

    245700
    251938
    271427
    290786
    313032
    341173
    369225
    402186
    425068
    244070
    244070
    244070
    244070
    244070
    244070
    244070

    4810880

    191855

    4619025

    1459750
    1393750
    1317500
    1230250
    1131500
    1022000
    902750
    776000
    630250
    0
    0
    0
    0
    0
    0
    0

    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 last bonus of plan no. 14 declared by LIC for the year ended .

    31-Mar-2013 . Actual results may deviate on the future performance of plan no. 814 .

    u The income from age 64 to 70 is being provided through maturity of highest term policy settled in 7 installments.

    K V S APPAJI
    Sample Report For Demonstration Purpose Only
    AGENT:G CHRISTOPHER
    LIC OF INDIA RURAL BRANCH
    RAJAHMUNDRY
    MOBILE: 9292306820

    MagicPlan - Retire And Enjoy


    Quotation Ref.No. : 2370 1

    Quotation Date

    : 01/03/2014

    Proposers Name : Mr. ANIL KUMAR

    Proposers Age

    : 29

    Yearly Premium

    : 40274

    : 1195000

    Sum Proposed

    (nearer birthday)

    Insurance Facts
    Year Age

    Risk Cover
    Normal
    Accident

    Annual
    Premium

    Tax
    Saved

    Net
    Returns
    Premium From L.I.C.

    Existing
    Cashin Cashout

    Net
    Cashflow

    Loan
    Available
    0

    2014

    29

    1252360

    2447360

    40274

    12072

    28202

    -40274

    2015

    30

    1309720

    2504720

    39671

    12072

    27599

    -39671

    2016

    31

    1367080

    2562080

    39671

    12072

    27599

    -39671

    31500

    2017

    32

    1424440

    2619440

    39671

    12072

    27599

    -39671

    92000

    2018

    33

    1481800

    2676800

    39671

    12072

    27599

    -39671

    119000

    2019

    34

    1539160

    2734160

    39671

    12072

    27599

    -39671

    147250

    2020

    35

    1596520

    2791520

    39671

    12072

    27599

    -39671

    176500

    2021

    36

    1653880

    2848880

    39671

    12072

    27599

    -39671

    211750

    2022

    37

    1711240

    2906240

    39671

    12072

    27599

    -39671

    249000

    2023

    38

    1768600

    2963600

    39671

    12072

    27599

    -39671

    289250

    2024

    39

    1825960

    3020960

    39671

    12072

    27599

    -39671

    332500

    2025

    40

    1883320

    3078320

    39671

    12072

    27599

    -39671

    378750

    2026

    41

    1940680

    3135680

    39671

    12072

    27599

    -39671

    428500

    2027

    42

    1998040

    3193040

    39671

    12072

    27599

    -39671

    482250

    2028

    43

    2070250

    3265250

    39671

    12072

    27599

    -39671

    539250

    2029

    44

    2133585

    3328585

    39671

    12072

    27599

    -39671

    600750

    2030

    45

    2196920

    3391920

    39671

    12072

    27599

    -39671

    667000

    2031

    46

    2260255

    3455255

    39671

    12072

    27599

    -39671

    736250

    2032

    47

    2326490

    3521490

    39671

    12072

    27599

    -39671

    811750

    2033

    48

    2398700

    3593700

    39671

    12072

    27599

    -39671

    891000

    2034

    49

    2473810

    3668810

    39671

    12072

    27599

    -39671

    976750

    2035

    50

    2572820

    3767820

    39671

    12072

    27599

    -39671

    1068000

    2036

    51

    2722530

    3917530

    39671

    12072

    27599

    -39671

    1166750

    2037

    52

    2881290

    4076290

    39671

    12072

    27599

    -39671

    1273500

    2038

    53

    3058150

    4253150

    39671

    12072

    27599

    -39671

    1391250

    2039

    54

    3235010

    4430010

    39671

    12072

    27599

    -39671

    1525750

    2040

    55

    3128940

    4218940

    35490

    10800

    24690

    281190

    245700

    1459750

    2041

    56

    3004660

    3994660

    31662

    9635

    22027

    283600

    251938

    1393750

    2042

    57

    2848780

    3738780

    27973

    8512

    19461

    299400

    271427

    1317500

    2043

    58

    2696600

    3486600

    24414

    7429

    16985

    315200

    290786

    1230250

    2044

    59

    2533720

    3223720

    20968

    6381

    14587

    334000

    313032

    1131500

    2045

    60

    2335740

    2925740

    17627

    5364

    12263

    358800

    341173

    1022000

    2046

    61

    2098160

    2588160

    14375

    4375

    10000

    383600

    369225

    902750

    2047

    62

    1790980

    2180980

    11214

    3413

    7801

    413400

    402186

    776000

    2048

    63

    1444200

    1734200

    8132

    2475

    5657

    433200

    425068

    630250

    2049

    64

    244070

    244070

    2050

    65

    244070

    244070

    2051

    66

    244070

    244070

    2052

    67

    244070

    244070

    2053

    68

    244070

    244070

    K V S APPAJI
    Sample Report For Demonstration Purpose Only
    AGENT:G CHRISTOPHER
    LIC OF INDIA RURAL BRANCH
    RAJAHMUNDRY
    MOBILE: 9292306820

    MagicPlan - Retire And Enjoy


    Year Age

    Risk Cover
    Normal
    Accident

    Annual
    Premium

    Tax
    Saved

    Net
    Returns
    Premium From L.I.C.

    Existing
    Cashin Cashout

    Net
    Cashflow

    Loan
    Available

    2054

    69

    244070

    244070

    2055

    70

    244070

    244070

    1223904

    372256

    851648

    4810880

    3586976

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