Insurance Proposal for

Mr. E Panneerselvam
for Annual Income of Rs. 125000/from age 55 to 75

Presented by
TEAM - 1168

Presented by
TEAM - 1168

Overview of Insurance & Retirement Plan for

Mr. E Panneerselvam

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.36904/- p.a. from your own
funds till your age of 54 years. This proposal provides
for a high riskcover of Rs.1268080/- starting at age 30
and growing to Rs.3388000/- at age 55.

In the year 2035 when you will be 55 years of age, you

will start receiving annual tax free income every year till
75 years of your age. Income starts at Rs. 145215 per
annum and increases by approximately 6.00 % 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 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 interim bonuses declared by LIC for the year

ended 31-Mar-2009. 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 8.90 % (calculated as per IRR method).

TEAM - 1168

MagicPlan - Retire And Enjoy - I

Quotation Ref.No.

: 3191-EP

Quotation Date

: 19/12/2010

Proposers Name

: Mr. E Panneerselvam

Proposers Age

: 30

Sum Proposed

: 1210000

Yearly Premium

: 36904

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 33.99 %

Benefits During Deferment Period

Risk Cover
Yearly
Premium

Tax
Saved

Nett
Premium

Loan
Available

2478080

36904

12542

24362

1326160

2536160

36904

12542

24362

32

1384240

2594240

36904

12542

24362

11500

2013

33

1442320

2652320

36904

12542

24362

41750

2014

34

1500400

2710400

36904

12542

24362

59000

2015

35

1558480

2768480

36904

12542

24362

76750

2016

36

1616560

2826560

36904

12542

24362

96250

2017

37

1674640

2884640

36904

12542

24362

117500

2018

38

1732720

2942720

36904

12542

24362

140000

2019

39

1790800

3000800

36904

12542

24362

164250

2020

40

1848880

3058880

36904

12542

24362

191750

2021

41

1906960

3116960

36904

12542

24362

220750

2022

42

1965040

3175040

36904

12542

24362

253000

2023

43

2023120

3233120

36904

12542

24362

289000

2024

44

2105400

3315400

36904

12542

24362

328250

2025

45

2187680

3397680

36904

12542

24362

371250

2026

46

2263910

3473910

36904

12542

24362

419750

2027

47

2352240

3562240

36904

12542

24362

471500

2028

48

2446620

3656620

36904

12542

24362

528500

2029

49

2613600

3823600

36904

12542

24362

592250

2030

50

2768480

3978480

36904

12542

24362

662000

2031

51

2923360

4133360

36904

12542

24362

739500

2032

52

3078240

4288240

36904

12542

24362

826000

2033

53

3233120

4443120

36904

12542

24362

923000

2034

54

3388000

4598000

36904

12542

24362

1035250

922600

313550

609050

Year

Age
Normal

Accident

2010

30

1268080

2011

31

2012

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

TEAM - 1168

MagicPlan - Retire And Enjoy - I

Quotation Ref.No.

: 3191-EP

Quotation Date

: 19/12/2010

Proposers Name

: Mr. E Panneerselvam

Proposers Age

: 30

Sum Proposed

: 1210000

Yearly Premium

: 36904

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 33.99 %

Benefits during the Retirement Period

Returns From LIC
Risk Cover
Year

Age

Normal

Accident

Yearly
Premium

Tax
Saved

Nett
Premium

Desired
Income

Amount
Received

Used for
Prem. Pymt.

Nett
Receivable

Loan
Available

2035

55

3413200

4563200

34515

11730

22785

125000

168000

22785

145215

1037000

2036

56

3418240

4508240

32216

10949

21267

132500

178080

21267

156813

1034500

2037

57

3419640

4454640

30186

10259

19927

140450

172480

19927

152553

1038250

2038

58

3402560

4382560

28228

9593

18635

148877

181720

18635

163085

1039000

2039

59

3367000

4292000

26334

8949

17385

157810

190960

17385

173575

1035750

2040

60

3330360

4200360

24499

8325

16174

167278

200200

16174

184026

1027000

2041

61

3273040

4088040

22714

7718

14996

177315

210540

14996

195544

1015000

2042

62

3195040

3955040

20975

7127

13848

187954

220880

13848

207032

997250

2043

63

3096360

3801360

19278

6550

12728

199231

231220

12728

218492

974750

2044

64

2977000

3627000

17621

5987

11634

211185

241560

11634

229926

946250

2045

65

2872660

3467660

15999

5436

10563

223856

251900

10563

241337

911500

2046

66

2741040

3281040

14409

4896

9513

237287

265540

9513

256027

870500

2047

67

2582140

3067140

12849

4366

8483

251525

279180

8483

270697

823500

2048

68

2395960

2825960

11318

3846

7472

266616

292820

7472

285348

770250

2049

69

2163750

2538750

9811

3334

6477

282613

306460

6477

299983

710500

2050

70

1861760

1861760

8325

2829

5496

299570

317350

5496

311854

644000

2051

71

1525160

1525160

6467

2198

4269

317544

349080

4269

344811

555750

2052

72

1182800

1182800

4950

1682

3268

336597

351960

3268

348692

455750

2053

73

804870

804870

3325

1130

2195

356792

384410

2195

382215

328500

2054

74

420700

420700

1716

583

1133

378200

387530

1133

386397

185000

2055

75

400892

420700

420700

5602570

228248

5374322

345735

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-2009 . 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.
rates
u The effective yield in the above proposal works out to 8.90 % (calculated as per IRR method).
u The nett annuity is increasing every year to take care of the inflation @ 6.00 % (approximately).

TEAM - 1168

MagicPlan - Retire And Enjoy - I

Quotation Ref.No.

: 3191-EP

Quotation Date

: 19/12/2010

Proposers Name

: Mr. E Panneerselvam

Proposers DOB

: 21/02/1981

Sum Proposed

: 1210000

Yearly Premium

: 36904

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

Age

: 30 (ANB)

: 33.99 %

Agent's Copy
PREMIUM
Sr.
No.

Plan/Tm/PPT

Sum

DAB
Sum

Interim
Bonus
Rate

* Bonus
Rate

#Assu
Step
Rate

FAB

SSS

Mly.

Qly.

Hly.

Yly.

14/25/25

60000

60000

48

48

0.00

600

205

216

616

1213

2389

14/26/26

60000

60000

48

48

0.00

720

197

207

592

1167

2299

14/27/27

55000

55000

48

48

0.00

840

174

183

523

1031

2030

14/28/28

55000

55000

48

48

0.00

960

168

177

505

994

1958

14/29/29

55000

55000

48

48

0.00

1080

163

171

488

962

1894

14/30/30

55000

55000

48

48

0.00

1200

158

166

473

932

1835

14/31/31

55000

55000

48

48

0.00

1340

153

161

460

906

1785

14/32/32

55000

55000

48

48

0.00

1480

149

157

448

883

1739

14/33/33

55000

55000

48

48

0.00

1620

146

153

437

861

1697

10

14/34/34

55000

55000

48

48

0.00

1760

142

149

427

841

1657

11

14/35/35

55000

55000

48

48

0.00

1900

139

146

418

823

1622

12

14/36/36

55000

55000

48

48

0.00

2100

137

143

410

807

1590

13

14/37/37

55000

55000

48

48

0.00

2300

134

141

402

792

1560

14

14/38/38

55000

55000

48

48

0.00

2500

132

138

395

777

1531

15

14/39/39

55000

55000

48

48

0.00

2700

129

136

388

765

1507

16

14/40/40

55000

55000

48

48

0.00

2850

128

134

383

754

1486

17

14/41/41

60000

60000

48

48

0.00

2850

137

144

412

811

1598

18

14/42/42

60000

60000

48

48

0.00

2850

135

142

406

801

1577

19

14/43/43

65000

65000

48

48

0.00

2850

145

152

435

858

1690

20

14/44/44

65000

65000

48

48

0.00

2850

144

151

431

850

1674

21

14/45/45

70000

70000

48

48

0.00

2850

153

161

460

907

1786

1210000

1210000

3168

3328

9509

18735

36904

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2010.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.