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  • Have A Look at Its Amazing Benefits: Mr. Xyz

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    Harish Chand
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    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    Have A Look at Its Amazing Benefits: Mr. Xyz

    Uploaded by

    Harish Chand
    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    of 3

    This unique policy is a perfect financial planning tool for your family.

    Your family stays financially protected for life. You pay premiums for only a short period onetime, 6, 10, 15 or 20 years. And guess what!!! The policy then keeps paying you EVERY YEAR for your LIFETIME

    Have a look at its amazing benefits


    l l l l l l l l

    A unique blend of Whole Life + Moneyback plan Risk covered for whole life (upto age 100)

    Choice of accumulation periods 10, 15 or 20 years. In this period the policy accrues the bonuses. All bonuses vested are paid in lump sum at the end of accumulation period. After accumulation period you get regular annual survival benefits of 5.5% of the sum assured GUARANTEED for LIFETIME. Risk cover continues for lifetime to the extent of sum assured + loyalty additions. At the age of 100 you will also get the maturity amount which is equal to the sum assured + loyalty additions. Riders available to customize this policy for your needs Double Accident Benefit, Term Rider, Critical Illness and Premium Waiver Benefit

    l l l l

    Loan available after the policy acquires the surrender value. Premiums paid are eligible for Tax Benefits u/s 80C.

    Presentation specially prepared for

    Mr. Xyz
    Present age : 39 yrs as on 07/06/2011

    Prepared by:

    Harish Chand
    LIFE INSURANCE CORPORATION OF INDIA
    IRDA Authorised Insurance Advisor PH. 09811896425, 09212201725 help@delhilicagent.com www.delhiLICagent.com

    Harish Chand
    LIFE INSURANCE CORPORATION OF INDIA
    IRDA Authorised Insurance Advisor PH. 09811896425, 09212201725 help@delhilicagent.com www.delhiLICagent.com

    Jeevan Tarang Option Planner

    Name : Age :

    Mr. Xyz 39

    Chart Date : Sum :

    07/06/2011 1500000

    Summary of Premium Amount


    Accum. Period 20 Yrs P PPT 20 Yearly 72330 R E M I U M A M O U N T Monthly 6478 SSS 6156 Assumed Bonus per 1000 S.A. Bonus Rate 48.00 Stepping Rate 0.00

    Half Yearly 36551

    Quarterly 18469

    Additional Rider Premium


    A NNUA L Rider Accident Benefit Amount 1500000 P R E MI U M 20/20 1500 ( T e r m/ P P T ) Rider Benefit Will provide additional risk cover of Rs.1500000 in case of accidental death. Will provide additional risk cover of Rs.1500000 Amount will be payable on diagnosis of one of the specified critical illnesses.

    Term Rider Critical Illness

    1500000 500000

    9360 5218

    Harish Chand
    LIFE INSURANCE CORPORATION OF INDIA
    IRDA Authorised Insurance Advisor PH. 09811896425, 09212201725 help@delhilicagent.com www.delhiLICagent.com

    Jeevan Tarang Option Planner


    Name : Age :

    Mr. Xyz 39

    Chart Date : Sum :

    07/06/2011 1500000

    Summary of Benefits
    A C C U M U L A T I O N P E R I O D

    20 Years Year Age Riskcover Returns

    2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

    39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60

    1572000 1644000 1716000 1788000 1860000 1932000 2004000 2076000 2148000 2220000 2292000 2364000 2436000 2508000 2580000 2652000 2724000 2796000 2868000 2940000 1500000 1500000

    0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1440000 82500

    Riskcover of Rs. 1500000 + loyalty additions continues You will keep receiving survival benefits of Rs. 82500 GUARANTEED every year

    2072 100 1500000 + LA

    Note : The above illustration is based on the assumed bonus rates. This illustration is purely indicative and the actual results may vary as per bonuses declared by LIC in future.

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