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  • Rad 19 Fa 4

    Загружено:

    Harish Chand
    22 просмотров3 страницы
    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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    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    22 просмотров3 страницы

    Rad 19 Fa 4

    Загружено:

    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

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 3

    Harish Chand

    LIFE INSURANCE CORPORATION OF INDIA


    Delhi LIC Agent
    PH. 9811896425
    www.delhiLICagent.com

    Jeevan Saral Plan Presentation


    Date : 28/12/2010
    HIGHLIGHTS

    LICs Jeevan Saral is a unique plan having good features of the conventional plans and
    the flexibility of unit linked plans. To the policyholder it provides

    higher cover
    a smooth return,
    liquidity and
    a lot of flexibility

    BENEFITS:
    On death:

    250 times the monthly premium, plus


    return of premiums excluding extra/rider premium and

    first year premium,

    plus

    the loyalty addition, if any.


    On Maturity:

    Maturity sum assured, plus


    The Loyalty Additions, if any

    Special Features:

    High risk cover at low premium

    Any number of withdrawals through partial surrendering

    Extended risk cover for one year after 3 years premium payment.
    Optional higher cover through Term Riders
    The policyholder can choose a maximum term but can surrender at any time
    without any surrender penalty or loss after 5 years

    ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

    Age at entry

    : Minimum 12 (completed) and maximum 60 years nearest

    Age at maturity

    : Maximum 70 years.

    Term

    : All terms from 10 to 35 years.

    Premium

    : Minimum premium of Rs.250/- per month for entry age


    upto 49 years and Rs.400/- per month for entry age 50
    years and above. There will be no limit on the maximum
    premium per month.

    Mode

    : Yearly, Half-yearly, Quarterly and Monthly under Salary


    Saving Scheme

    In case of term rider, minimum and maximum age at entry will be 18 and 50 years
    respectively. Further minimum sum assured will be Rs.1 lakh.
    The above statement is based on certain assumptions which are
    liable to change according to Government/Corporation's policies.

    Harish Chand
    LIFE INSURANCE CORPORATION OF INDIA
    Delhi LIC Agent
    PH. 9811896425
    www.delhiLICagent.com

    Jeevan Saral Plan Presentation


    Pg. 2

    Jeevan Saral Plan Continued ...

    Name : Mr. Ram

    Age :

    Term : 16 Years

    29 years

    Mode : Yearly
    Installment Premium : 23520

    Premium Budget p. m. : 2000

    Term Rider Premium : 0

    Term Rider : 0
    DAB : 500000

    DAB Premium : 500

    Total Installment Premium : 24020

    Total Annual Premium : 24020

    Section 80 CCE Invst. Limit : 100000

    Section 80 CCE Tax Savings : 33.99 %

    Risk Cover Benefits


    DEATH BENEFIT

    Year Age
    2010
    2011
    2012
    2013
    2014
    2015
    2016
    2017
    2018
    2019
    2020
    2021
    2022
    2023
    2024
    2025

    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44

    Total

    Variable

    Annual
    Premium

    Tax
    Saved

    Nett
    Premium

    Total
    Premium Paid

    Guaranteed

    Scenario1

    Scenario2

    Scenario1

    Scenario2

    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020

    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164

    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856

    15856
    31712
    47568
    63424
    79280
    95136
    110992
    126848
    142704
    158560
    174416
    190272
    206128
    221984
    237840
    253696

    500000
    524000
    548000
    572000
    596000
    620000
    644000
    668000
    692000
    716000
    740000
    764000
    788000
    812000
    836000
    860000

    0
    0
    0
    0
    0
    0
    0
    0
    0
    80268
    91311
    104554
    118225
    131961
    145687
    168859

    0
    0
    0
    0
    0
    0
    0
    0
    0
    157155
    188823
    226393
    268562
    315488
    367677
    435229

    500000
    524000
    548000
    572000
    596000
    620000
    644000
    668000
    692000
    796268
    831311
    868554
    906225
    943961
    981687
    1028859

    500000
    524000
    548000
    572000
    596000
    620000
    644000
    668000
    692000
    873155
    928823
    990393
    1056562
    1127488
    1203677
    1295229

    384320

    130624

    253696

    Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of
    LICs projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.
    90% of the premium is estimated as average investible portion in this Illustration.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

    Harish Chand
    LIFE INSURANCE CORPORATION OF INDIA
    Delhi LIC Agent
    PH. 9811896425
    www.delhiLICagent.com

    Jeevan Saral Plan Presentation


    Pg. 3

    Jeevan Saral Plan Continued ...

    Name : Mr. Ram

    Age :

    Term : 16 Years

    29 years

    Mode : Yearly
    Installment Premium : 23520

    Premium Budget p. m. : 2000

    Term Rider Premium : 0

    Term Rider : 0
    DAB : 500000

    DAB Premium : 500

    Total Installment Premium : 24020

    Total Annual Premium : 24020

    Section 80 CCE Invst. Limit : 100000

    Section 80 CCE Tax Savings : 33.99 %

    Maturity / Surrender Value Benefits


    MATURITY / SURRENDER VALUE BENEFIT
    Total

    Variable

    Tax
    Saved

    Nett
    Premium

    Total
    Premium Paid

    Guaranteed

    Scenario1

    Scenario2

    Scenario1

    Scenario2

    15856
    31712
    47568
    63424
    79280
    95136
    110992
    126848
    142704
    158560
    174416
    190272
    206128
    221984
    237840
    253696

    0
    0
    41024
    65574
    94600
    117780
    141840
    166920
    193380
    221520
    251480
    281700
    314100
    349200
    387240
    418940

    0
    0
    0
    0
    0
    0
    0
    0
    0
    80268
    91311
    104554
    118225
    131961
    145687
    168859

    0
    0
    0
    0
    0
    0
    0
    0
    0
    157155
    188823
    226393
    268562
    315488
    367677
    435229

    0
    0
    41024
    65574
    94600
    117780
    141840
    166920
    193380
    301788
    342791
    386254
    432325
    481161
    532927
    587799

    0
    0
    41024
    65574
    94600
    117780
    141840
    166920
    193380
    378675
    440303
    508093
    582662
    664688
    754917
    854169

    Year

    Age

    Annual
    Premium

    2010
    2011
    2012
    2013
    2014
    2015
    2016
    2017
    2018
    2019
    2020
    2021
    2022
    2023
    2024
    2025

    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44

    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020
    24020

    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164
    8164

    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856
    15856

    384320

    130624

    253696

    Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of
    LICs projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.
    90% of the premium is estimated as average investible portion in this Illustration.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

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