Insurance Proposal for

Mr. Kakku Ji
for Annual Income of Rs. 188000/-

from age 53 to 65

Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com
 Presented by
Harish Chand
LIFE INSURANCE CORPORATION OF INDIA
Delhi LIC Agent
PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

Overview of Insurance & Retirement Plan for

Mr. Kakku Ji

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.54872/- p.a. from your own
funds till your age of 52 years. This proposal provides for
a high riskcover of Rs.1400300/- starting at age 32 and
growing to Rs.2673334/- at age 53.

In the year 2032 when you will be 53 years of age, you

will start receiving annual tax free income every year till
65 years of your age. Income starts at Rs. 207383 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 52.

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-2010. 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 8.61 % (calculated as per IRR method).
 Harish Chand
LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : Kakkujipen Quotation Date : 22/01/2011

Proposer’s Name : Mr. Kakku Ji Proposer’s Age : 32 (nearer birthday)

Sum Proposed : 1340000 Yearly Premium : 54872

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Benefits During Deferment Period

Risk Cover Yearly Tax Net Loan

Year Age Premium Saved Premium Available
Normal Accident
2011 32 1400300 1900300 54872 18651 36221 0
2012 33 1460600 1960600 54872 18651 36221 0
2013 34 1520900 2020900 54872 18651 36221 31500
2014 35 1581200 2081200 54872 18651 36221 75500
2015 36 1641500 2141500 54872 18651 36221 104250
2016 37 1701800 2201800 54872 18651 36221 136250
2017 38 1762100 2262100 54872 18651 36221 173250
2018 39 1822400 2322400 54872 18651 36221 214500
2019 40 1882700 2382700 54872 18651 36221 261500
2020 41 1943000 2443000 54872 18651 36221 314500
2021 42 2003300 2503300 54872 18651 36221 373500
2022 43 2063600 2563600 54872 18651 36221 440000
2023 44 2123900 2623900 54872 18651 36221 513250
2024 45 2184200 2684200 54872 18651 36221 594000
2025 46 2257900 2757900 54872 18651 36221 684250
2026 47 2324900 2824900 54872 18651 36221 784250
2027 48 2391900 2891900 54872 18651 36221 894750
2028 49 2458900 2958900 54872 18651 36221 1017500
2029 50 2525900 3025900 54872 18651 36221 1157000
2030 51 2599600 3099600 54872 18651 36221 1313000
2031 52 2673334 3173334 54872 18651 36221 1488250

1152312 391671 760641

* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
 Harish Chand
LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : Kakkujipen Quotation Date : 22/01/2011

Proposer’s Name : Mr. Kakku Ji Proposer’s Age : 32 (nearer birthday)

Sum Proposed : 1340000 Yearly Premium : 54872

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Benefits during the Retirement Period

Returns From LIC

Risk Cover Yearly Tax Net Desired Amount Used for Net Loan
Year Age Normal Accident Premium Saved Premium Income Received Prem. Pymt. Receivable Available

2032 53 2645400 3145400 48503 16486 32017 188000 239400 32017 207383 1466750
2033 54 2649425 3149425 42729 14523 28206 188000 238050 28206 209844 1442500
2034 55 2650000 3150000 37732 12825 24907 188000 229425 24907 204518 1423000
2035 56 2649500 3149500 33215 11290 21925 188000 231000 21925 209075 1401250
2036 57 2620000 3120000 28902 9824 19078 188000 245500 19078 226422 1369000
2037 58 2568500 3068500 24787 8425 16362 188000 260000 16362 243638 1325500
2038 59 2486000 2986000 20862 7091 13771 188000 275500 13771 261729 1269250
2039 60 2372500 2872500 17106 5814 11292 188000 291000 11292 279708 1198000
2040 61 2240000 2740000 13410 4558 8852 188000 306500 8852 297648 1112250
2041 62 2088500 2588500 9860 3351 6509 188000 325000 6509 318491 1005250
2042 63 1888000 2388000 6450 2192 4258 188000 349500 4258 345242 877750
2043 64 1643500 2143500 3167 1076 2091 188000 374000 2091 371909 725250
2044 65 1340000 1840000 0 0 0 188000 403500 0 403500 543000

286723 3768375 189268 3579107

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-2010 . 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. 1,340,000.00 will continue till life time.

u The effective yield in the above proposal works out to 8.61 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 65.
 Harish Chand
LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : Kakkujipen Quotation Date : 22/01/2011

Proposer’s Name : Mr. Kakku Ji Proposer’s Age : 32 (ANB)

Sum Proposed : 1340000

Benefits After Retirement Age

Risk Cover
Year Age Normal Accident Cash Value Loan Available

2045 66 1340000 1840000 624708 562500

2046 67 1340000 1840000 645612 579750
2047 68 1340000 1840000 666516 599750
2048 69 1340000 1840000 687420 619500
2049 70 1340000 1340000 708190 636750
2050 71 1340000 1340000 728826 656500
2051 72 1340000 1340000 749328 673750
2052 73 1340000 1340000 769562 693250
2053 74 1340000 1340000 789528 710500
2054 75 1340000 1340000 809092 727250
2055 76 1340000 1340000 828388 746750
2056 77 1340000 1340000 847416 763500
2057 78 1340000 1340000 865908 780250
2058 79 1340000 1340000 884132 796750
2059 80 1340000 1340000 901820 811000
2060 81 1340000 1340000 918972 827250
2061 82 1340000 1340000 935722 841250
2062 83 1340000 1340000 951936 857500
2063 84 1340000 1340000 967614 871000
2064 85 1340000 1340000 982890 884500
2065 86 1340000 1340000 997496 897750
2066 87 1340000 1340000 1011700 911000
2067 88 1340000 1340000 1025368 921750
2068 89 1340000 1340000 1039036 934750
2069 90 1340000 1340000 1052168 947750
2070 91 1340000 1340000 1065568 958500
2071 92 1340000 1340000 1078834 971250
2072 93 1340000 1340000 1092502 984500
2073 94 1340000 1340000 1109922 998500
2074 95 1340000 1340000 1125198 1012000
2075 96 1340000 1340000 1154142 1038750
2076 97 1340000 1340000 1182416 1065000
2077 98 1340000 1340000 1247540 1122250
2078 99 1340000 1340000 1293770 1165500
2079 100 1340000 1340000 0 0
 Harish Chand
LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : Kakkujipen Quotation Date : 22/01/2011

Proposer’s Name : Mr. Kakku Ji Proposer’s DOB : 22/01/1979 Age : 32 (ANB)

Sum Proposed : 1340000 Yearly Premium : 54872

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Agent's Copy

Sr. DAB Interim * Bonus #Assu PREMIUM

No. Plan/Tm/PPT Sum Sum Bonus Rate Step FAB SSS Mly. Qly. Hly. Yly.
Rate Rate

1 149/21/21 120000 0 45 45 0.00 50 547 575 1642 3235 6369

2 149/22/22 115000 0 45 45 0.00 80 496 522 1489 2933 5774
3 149/23/23 105000 0 45 45 0.00 150 430 452 1289 2538 4997
4 149/24/24 100000 0 45 45 0.00 230 388 408 1165 2294 4517
5 149/25/25 100000 0 45 45 0.00 330 371 390 1112 2191 4313
6 149/26/26 100000 0 45 45 0.00 430 354 372 1061 2090 4115
7 149/27/27 100000 0 45 45 0.00 540 337 355 1012 1994 3925
8 149/28/28 100000 0 45 45 0.00 650 323 339 969 1908 3756
9 149/29/29 100000 100000 45 45 0.00 760 317 333 952 1876 3696
10 149/30/30 100000 100000 45 45 0.00 900 305 320 915 1803 3550
11 149/31/31 100000 100000 45 45 0.00 1100 293 308 879 1731 3410
12 149/32/32 100000 100000 45 45 0.00 1300 282 296 846 1667 3283
13 149/33/33 100000 100000 45 45 0.00 1550 272 286 816 1608 3167

1340000 500000 4715 4956 14147 27868 54872

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2011.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.