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