Insurance Proposal for

Kum. Akshaya.L.
for Annual Income of Rs. 150000/-

from age 60 to 68

Presented by
K. NARAYANAN
INSURANCE PROFESSIONAL
NO:92/1, MAGHIZCHI COLONY,
MUGAPPIAR, CHENNAI - 37
MOBILE : 9444200805
E-MAIL : kn.lic.nic@gmail.com
 Presented by
K. NARAYANAN
INSURANCE PROFESSIONAL
NO:92/1, MAGHIZCHI COLONY,
MUGAPPIAR, CHENNAI - 37
MOBILE : 9444200805
E-MAIL : kn.lic.nic@gmail.com

Overview of Insurance & Retirement Plan for

Kum. Akshaya.L.

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.19015/- p.a. from your own
funds till your age of 59 years. This proposal provides
for a high riskcover of Rs.942300/- starting at age 22
and growing to Rs.4757400/- at age 60.

In the year 2051 when you will be 60 years of age, you

will start receiving annual tax free income every year
till 68 years of your age. Income starts at Rs. 517021
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 59.

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-2012. 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 8.74 % (calculated as per IRR method).
 K. NARAYANAN
INSURANCE PROFESSIONAL

NO:92/1, MAGHIZCHI COLONY,

MUGAPPIAR, CHENNAI - 37
MOBILE : 9444200805
E-MAIL : kn.lic.nic@gmail.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : 82 Quotation Date : 15/08/2013

Proposer’s Name : Kum. Akshaya.L. Proposer’s Age : 22 (nearer birthday)

Sum Proposed : 900000 Yearly Premium : 19015

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %

Benefits During Deferment Period

Risk Cover Yearly Tax Net Loan

Year Age Premium Saved Premium Available
Normal Accident
2013 22 942300 1442300 19015 5819 13196 0
2014 23 984600 1484600 19015 5819 13196 0
2015 24 1026900 1526900 19015 5819 13196 5750
2016 25 1069200 1569200 19015 5819 13196 14500
2017 26 1111500 1611500 19015 5819 13196 21000
2018 27 1153800 1653800 19015 5819 13196 28750
2019 28 1196100 1696100 19015 5819 13196 37000
2020 29 1238400 1738400 19015 5819 13196 46250
2021 30 1280700 1780700 19015 5819 13196 56750
2022 31 1323000 1823000 19015 5819 13196 68250
2023 32 1365300 1865300 19015 5819 13196 81750
2024 33 1407600 1907600 19015 5819 13196 96000
2025 34 1449900 1949900 19015 5819 13196 112000
2026 35 1492200 1992200 19015 5819 13196 129750
2027 36 1543500 2043500 19015 5819 13196 149250
2028 37 1590300 2090300 19015 5819 13196 171250
2029 38 1637100 2137100 19015 5819 13196 195250
2030 39 1683900 2183900 19015 5819 13196 221750
2031 40 1730700 2230700 19015 5819 13196 250750
2032 41 1782000 2282000 19015 5819 13196 282250
2033 42 1833300 2333300 19015 5819 13196 316750
2034 43 1902600 2402600 19015 5819 13196 354750
2035 44 2007900 2507900 19015 5819 13196 396000
2036 45 2122200 2622200 19015 5819 13196 441000
2037 46 2254500 2754500 19015 5819 13196 490250
2038 47 2386800 2886800 19015 5819 13196 543500
2039 48 2528100 3028100 19015 5819 13196 602000
2040 49 2669400 3169400 19015 5819 13196 664750
2041 50 2810700 3310700 19015 5819 13196 734000
2042 51 2979000 3479000 19015 5819 13196 807750
2043 52 3201300 3701300 19015 5819 13196 886500
2044 53 3423600 3923600 19015 5819 13196 971750
2045 54 3690900 4190900 19015 5819 13196 1063750
2046 55 3868200 4368200 19015 5819 13196 1164000
2047 56 4045500 4545500 19015 5819 13196 1275250
2048 57 4267800 4767800 19015 5819 13196 1398750
2049 58 4490100 4990100 19015 5819 13196 1537500
2050 59 4757400 5257400 19015 5819 13196 1692000

722570 221122 501448

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

NO:92/1, MAGHIZCHI COLONY,

MUGAPPIAR, CHENNAI - 37
MOBILE : 9444200805
E-MAIL : kn.lic.nic@gmail.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : 82 Quotation Date : 15/08/2013

Proposer’s Name : Kum. Akshaya.L. Proposer’s Age : 22 (nearer birthday)

Sum Proposed : 900000 Yearly Premium : 19015

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %

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

2051 60 4566400 5066400 16685 5106 11579 150000 528600 11579 517021 1617750
2052 61 4316000 4816000 14433 4417 10016 157500 558300 10016 548284 1532000
2053 62 3856200 4356200 12254 3750 8504 165375 588000 8504 579496 1431750
2054 63 3387000 3887000 10147 3105 7042 173644 592700 7042 585658 1316500
2055 64 2908400 3408400 8003 2449 5554 182326 597400 5554 591846 1184000
2056 65 2420400 2920400 5922 1812 4110 191442 602100 4110 597990 1028000
2057 66 1923000 2423000 3895 1192 2703 201014 606800 2703 604097 849000
2058 67 1416200 1916200 1921 588 1333 211065 611500 1333 610167 640750
2059 68 900000 1400000 0 0 0 221618 616200 0 616200 402750

73260 5301600 50841 5250759

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-2012 . 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. 900,000.00 will continue till life time.

u The effective yield in the above proposal works out to 8.74 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 68.
u The nett annuity is increasing every year to take care of the inflation @ 5.00 % (approximately).
 K. NARAYANAN
INSURANCE PROFESSIONAL

NO:92/1, MAGHIZCHI COLONY,

MUGAPPIAR, CHENNAI - 37
MOBILE : 9444200805
E-MAIL : kn.lic.nic@gmail.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : 82 Quotation Date : 15/08/2013

Proposer’s Name : Kum. Akshaya.L. Proposer’s Age : 22 (ANB)

Sum Proposed : 900000

Benefits After Retirement Age

Risk Cover
Year Age Normal Accident Cash Value Loan Available

2060 69 900000 1400000 461700 416250

2061 70 900000 900000 475650 427500
2062 71 900000 900000 489510 441000
2063 72 900000 900000 503280 452250
2064 73 900000 900000 516870 465750
2065 74 900000 900000 530280 477000
2066 75 900000 900000 543420 488250
2067 76 900000 900000 556380 501750
2068 77 900000 900000 569160 513000
2069 78 900000 900000 581580 524250
2070 79 900000 900000 593820 535500
2071 80 900000 900000 605700 544500
2072 81 900000 900000 617220 555750
2073 82 900000 900000 628470 564750
2074 83 900000 900000 639360 576000
2075 84 900000 900000 649890 585000
2076 85 900000 900000 660150 594000
2077 86 900000 900000 669960 603000
2078 87 900000 900000 679500 612000
2079 88 900000 900000 688680 618750
2080 89 900000 900000 697860 627750
2081 90 900000 900000 706680 636750
2082 91 900000 900000 715680 643500
2083 92 900000 900000 724590 652500
2084 93 900000 900000 733770 661500
2085 94 900000 900000 745470 670500
2086 95 900000 900000 755730 679500
2087 96 900000 900000 775170 697500
2088 97 900000 900000 794160 715500
2089 98 900000 900000 837900 753750
2090 99 900000 900000 868950 783000
2091 100 900000 900000 0 0
 K. NARAYANAN
INSURANCE PROFESSIONAL

NO:92/1, MAGHIZCHI COLONY,

MUGAPPIAR, CHENNAI - 37
MOBILE : 9444200805
E-MAIL : kn.lic.nic@gmail.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : 82 Quotation Date : 15/08/2013

Proposer’s Name : Kum. Akshaya.L. Proposer’s DOB : 28/03/1991 Age : 22 (ANB)

Sum Proposed : 900000 Yearly Premium : 19015

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %

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

1 149/38/38 100000 0 47 47 0.00 2500 200 211 601 1184 2330

2 149/39/39 100000 0 47 47 0.00 2750 194 204 581 1144 2252
3 149/40/40 100000 0 47 47 0.00 3000 187 197 562 1107 2179
4 149/41/41 100000 0 47 47 0.00 3000 181 191 544 1070 2107
5 149/42/42 100000 100000 47 47 0.00 3000 184 193 552 1088 2144
6 149/43/43 100000 100000 47 47 0.00 3000 179 188 536 1056 2081
7 149/44/44 100000 100000 47 47 0.00 3000 174 183 522 1029 2027
8 149/45/45 100000 100000 47 47 0.00 3000 170 178 509 1002 1974
9 149/46/46 100000 100000 47 47 0.00 3000 165 173 495 975 1921

900000 500000 1634 1718 4902 9655 19015

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2013.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.