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    Jeevan Nidhi

    Uploaded by

    Akhil Raj
    This document presents a Jeevan Nidhi plan for Mr. Mohit, age 30. The plan has a sum assured of Rs. 7,00,000 over 20 years with annual premium of Rs. 35,589. It projects cash values and benefits over the 20 year deferment period. In 2030, the notional cash value is estimated to be Rs. 12,11,000, which can provide various pension options from LIC either with or without commuting 1/3rd of the amount. The pension ranges from Rs. 4,904-8,427 per month depending on the option selected.

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    Jeevan Nidhi

    Uploaded by

    Akhil Raj
    50 views2 pages
    This document presents a Jeevan Nidhi plan for Mr. Mohit, age 30. The plan has a sum assured of Rs. 7,00,000 over 20 years with annual premium of Rs. 35,589. It projects cash values and benefits over the 20 year deferment period. In 2030, the notional cash value is estimated to be Rs. 12,11,000, which can provide various pension options from LIC either with or without commuting 1/3rd of the amount. The pension ranges from Rs. 4,904-8,427 per month depending on the option selected.

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    This document presents a Jeevan Nidhi plan for Mr. Mohit, age 30. The plan has a sum assured of Rs. 7,00,000 over 20 years with annual premium of Rs. 35,589. It projects cash values and benefits over the 20 year deferment period. In 2030, the notional cash value is estimated to be Rs. 12,11,000, which can provide various pension options from LIC either with or without commuting 1/3rd of the amount. The pension ranges from Rs. 4,904-8,427 per month depending on the option selected.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views2 pages

    Jeevan Nidhi

    Uploaded by

    Akhil Raj
    This document presents a Jeevan Nidhi plan for Mr. Mohit, age 30. The plan has a sum assured of Rs. 7,00,000 over 20 years with annual premium of Rs. 35,589. It projects cash values and benefits over the 20 year deferment period. In 2030, the notional cash value is estimated to be Rs. 12,11,000, which can provide various pension options from LIC either with or without commuting 1/3rd of the amount. The pension ranges from Rs. 4,904-8,427 per month depending on the option selected.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    SHIPRA SINGHAL

    SHIPRA SINGHAL

    LIC Agent (1299-2006)


    Noida, Ghaziabad
    Tel: 9953229255 Web: www.LicAgentNoida.com
    e-mail. [email protected]

    Jeevan Nidhi Plan Presentation

    Name : Mr. Mohit Age : 30 Date : 22/05/2010

    Sum : 700000 Term : 20 Premium Term : 20

    Mode : Yearly Basic Premium : 34889

    Total Rider Premium : 700 Total Annual Premium : 35589

    Sec. 80CCE Inv. Limit: 100000 Income Tax Slab : 30.60

    Assumed Bonus Rate : 32 Assumed FAB Rate : 0

    Benefits During The Deferment Period

    Risk Cover Annual Tax Nett


    Year Age Normal Accident Premium Saved Premium Cash Value
    2010 30 735000 1435000 35589 10890 24699 0
    2011 31 770000 1470000 35589 10890 24699 0
    2012 32 805000 1505000 35589 10890 24699 54453
    2013 33 840000 1540000 35589 10890 24699 78148
    2014 34 875000 1575000 35589 10890 24699 111943
    2015 35 897400 1597400 35589 10890 24699 124625
    2016 36 919800 1619800 35589 10890 24699 154221
    2017 37 942200 1642200 35589 10890 24699 187625
    2018 38 964600 1664600 35589 10890 24699 225332
    2019 39 987000 1687000 35589 10890 24699 267781
    2020 40 1009400 1709400 35589 10890 24699 315437
    2021 41 1031800 1731800 35589 10890 24699 363241
    2022 42 1054200 1754200 35589 10890 24699 417004
    2023 43 1076600 1776600 35589 10890 24699 477817
    2024 44 1099000 1799000 35589 10890 24699 547001
    2025 45 1121400 1821400 35589 10890 24699 626035
    2026 46 1143800 1843800 35589 10890 24699 722051
    2027 47 1166200 1866200 35589 10890 24699 830370
    2028 48 1188600 1888600 35589 10890 24699 952584
    2029 49 1211000 1911000 35589 10890 24699 1139511

    711780 217800 493980

    In the year 2030, the deferment period will end and the policy will be due for annuity (pension) payment. In this year, the
    Notional Cash Option (NCO) value on which your pension will be calculated is estimated to be Rs. 1211000 (based on
    assumed Bonus and Final Bonus Rate). You have an option to commute 1/3rd of this amount in lumpsum (taxfree) and make
    the rest available for purchasing annuity either from LIC or any other insurer. Alternately, you may use the entire amount for
    purchasing the annuity.

    The tables below illustrate the amount of pension you can get from LIC's Jeevan Nidhi Plan currently under various pension
    options available

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.
    SHIPRA SINGHAL
    SHIPRA SINGHAL

    LIC Agent (1299-2006)


    Noida, Ghaziabad
    Tel: 9953229255 Web: www.LicAgentNoida.com
    e-mail. [email protected]

    Jeevan Nidhi Plan Presentation


    Pension Amount Available With Commutation

    Pension Options Available


    Pension
    Mode A B C D E F G H

    Monthly 5618 5604 5563 5514 5459 4904 4411 5389


    Quarterly 17010 16969 16865 16698 16532 14867 13348 16324
    Half Yearly 34395 34270 34062 33729 33355 30025 26904 32938
    Yearly 70413 70163 69664 68998 68249 61507 54849 67416

    Pension Amount Available Without Commutation

    Pension Options Available


    Pension
    Mode A B C D E F G H

    Monthly 8427 8406 8344 8271 8188 7355 6617 8084


    Quarterly 25515 25453 25297 25047 24797 22301 20022 24485
    Half Yearly 51592 51405 51093 50594 50032 45038 40356 49408
    Yearly 105619 105245 104496 103497 102373 92261 82273 101125

    Note : Pension will start after the completion of the pension mode opted. For example : If the pension mode is Half Yearly
    then the pension will start after the end of six months from the date of purchase of the policy

    OPTION DESCRIPTION

    A . Immediate Annuity per annum payable for the remainder of life

    B. Immediate Annuity per annum payable for 5 years certain so long thereafter as the annuitant may be alive

    C. Immediate annuity per annum payable for 10 years certain and so long thereafter as the annuitant may be alive

    D. Immediate Annuity per annum payable for 15 years certain and so long thereafter as the annuitant may be alive

    E. Immediate Annuity per annum payable for 20 years certain and so long thereafter as the annuitant may be alive

    F. Immediate Annuity per annum payable for life with return of purchase price on death of the annuitant

    G. Immediate Annuity increasing at 3% per annum (simple) payable for life

    H. Immediate Annuity for life with a provision for 50 % of the annuity to the spouse on death of the annuitant.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

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