Retire Tension Free
6
Presented by e-mail: [email protected] Mob: 8108543218 Bhayander (W), Thane - 401 101. A/3, Ibrahim Tower, Station Road, FINANCIAL ADVISOR DURGAPRASAD SHAH Insurance Proposal for from age 50 to 75 for Annual Income of Rs. 500000/- Mr. Chintan
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Transcript of Retire Tension Free
8/6/2019 Retire Tension Free
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Presented by
e-mail: [email protected]
Mob: 8108543218
Bhayander (W), Thane - 401 101.
A/3, Ibrahim Tower, Station Road,
FINANCIAL ADVISOR
DURGAPRASAD SHAH
Insurance Proposal for
from age 50 to 75
for Annual Income of Rs. 500000/-
Mr. Chintan
8/6/2019 Retire Tension Free
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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
Overview of Insurance & Retirement Plan for
Mr. Chintan
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.104547/- p.a. from your own
funds till your age of 49 years. This proposal provides for
a high riskcover of Rs.3647040/- starting at age 26 and
growing to Rs.8399160/- upto age 50.
In the year 2035 when you become 50 years of age,
this plan will provide for regular tax-free income to
support your comfortable retired life till age 75.
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 49.
Premiums are available for exemption under sec.80 CCE of
income tax act upto Rs.100000/- per annum.
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.
Disclaimer
The benefits shown in this presentation have been calculated on the basis of interim bonuses declared by LIC for the
year ended 31-Mar-2010. Actual results may deviate depending on the future bonuses declared by LIC.Loan calculation is done on the basis of present surrender value rates.
u
Presented by
e-mail: [email protected]
Mob: 8108543218
Bhayander (W), Thane - 401 101.
A/3, Ibrahim Tower, Station Road,
FINANCIAL ADVISOR
DURGAPRASAD SHAH
The effective yield in the above proposal works out to 8.82 % (calculated as per IRR method).
u
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FINANCIAL ADVISOR
DURGAPRASAD SHAH
A/3, Ibrahim Tower, Station Road,
Bhayander (W), Thane - 401 101.
Mob: 8108543218
e-mail: [email protected]
MagicPlan - Retire And Enjoy - V
Quotation Ref.No.
Proposer’s Name Proposer’s Age
Quotation Date
(nearer birthday)26Mr. Chintan
16/06/2011Chintan
Sum Proposed 104547Yearly Premium3480000
:
:
:
:
:
:
Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt. 30.90 %100000:
:
Benefits During Deferment Period
Age
Yearly
Premium
Loan
Available Year
Risk Cover
Normal Accident
2011 0104547364704026 7127040
2012 0104547381408027 7294080
2013 55000104547398112028 7461120
2014 121750104547414816029 7628160
2015 173250104547431520030 7795200
2016 228500104547448224031 7962240
2017 288500104547464928032 8129280
2018 353000104547481632033 8296320
2019 424500104547498336034 8463360
2020 503750104547515040035 8630400
2021 590750104547531744036 8797440
2022 688250104547548448037 8964480
2023 796000104547565152038 9131520
2024 915750104547581856039 9298560
2025 1049250104547602955040 9509550
2026 1195000104547621399041 9693990
2027 1355250104547639843042 9878430
2028 1528000104547658287043 10062870
2029 1724500104547677646044 10256460
2030 1938250104547698745045 10467450
2031 2177250104547720759046 10687590
2032 2445500104547749733047 10977330
2033 2745500104547793542048 11415420
2034 3100750104547839916049 11879160
2509128
* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
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FINANCIAL ADVISOR
DURGAPRASAD SHAH
A/3, Ibrahim Tower, Station Road,
Bhayander (W), Thane - 401 101.
Mob: 8108543218
e-mail: [email protected]
MagicPlan - Retire And Enjoy - V
Quotation Ref.No.
Proposer’s Name Proposer’s Age
Quotation Date
(nearer birthday)26Mr. Chintan
16/06/2011Chintan
Sum Proposed 104547Yearly Premium3480000
:
:
:
:
:
:
30.90 %:100000: Sec.80 CCE Tax RebateSec.80 CCE Invt. Lmt.
Benefits during the Retirement Period
Yr Age
Risk Cover Yearly
Premium
Returns
From L.I.C.
Prem.
Pymt.
Loan
Available
Net
Surplus AccidentNormal
Desired
Income
Existing
Cash In
Existing
Cash Out
823845050 298375094413 63801011463450 500000 54359735 944130 0
805822051 287550085473 62275011048220 500000 53727736 854730 0
788237052 276825077456 61556010652370 500000 53810437 774560 0
767961053 266425070274 60803010244610 500000 53775638 702740 0
748600054 256625063875 5688609861000 500000 50498539 638750 0
733130055 246675058031 5673609526300 500000 50932940 580310 0
726570056 236600052710 5678009290700 500000 51509041 527100 0
715414057 226575047849 5740809019140 500000 52623142 478490 0
708981058 216825043430 5754008804810 500000 53197043 434300 0
682290059 207375039421 5787608397900 500000 53933944 394210 0
654585060 198450035800 5631607990850 500000 52736045 358000 0
630696061 188925032403 5662507626960 500000 53384746 324030 0
603120062 179000029223 5733607231200 500000 54413747 292230 0
577654063 168500026242 5779906861540 500000 55174848 262420 0550956064 158900023582 5590206489560 500000 53543849 235820 0
520960065 149100020997 5622006089600 500000 54120350 209970 0
468488066 139175018587 5624005469880 500000 54381351 185870 0
418112067 129325016343 5371204876120 500000 52077752 163430 0
366872068 118300014134 5414404273720 500000 52730653 141340 0
314768069 106000011956 5457603662680 500000 53380454 119560 0
261800070 9210009808 5500802618000 500000 54027255 98080 0
211072071 7800007464 5236002110720 500000 51613656 74640 0
159528072 6207505570 5276801595280 500000 52211057 55700 0
107168073 4412503697 5317601071680 500000 52806358 36970 0
53992074 2387501840 535840539920 500000 53400059 18400 0
075 00 5399200 500000 53992060 00 0
0 0890578 89057814714190 13823612
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
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-2010 . Actual results may deviate depending on the future bonuses declared by LIC.
Loan calculation is done on the basis of present surrender value rates.
The effective yield in the above proposal (based on maturity benefits) works out to 8.82 % (calculated as per IRR method ).
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FINANCIAL ADVISOR
DURGAPRASAD SHAH
A/3, Ibrahim Tower, Station Road,
Bhayander (W), Thane - 401 101.
Mob: 8108543218
e-mail: [email protected]
MagicPlan - Retire And Enjoy - V
Quotation Ref.No.
Proposer’s Name Proposer’s Age
Quotation Date
(nearer birthday)26Mr. Chintan
16/06/2011Chintan
Sum Proposed 104547Yearly Premium3480000
:
:
:
:
:
:
Insurance Facts
Year Age
Risk Cover Annual
Premium
Loan
Available
Net
Cashflow AccidentNormal
Tax
Saved
Net
Premium
Returns
From L.I.C.
Existing
Cashin Cashout
2011 26 3647040 7127040 104547 30900 73647 0 0 0 -104547 0
2012 27 3814080 7294080 104547 30900 73647 0 0 0 -104547 0
2013 28 3981120 7461120 104547 30900 73647 0 0 0 -104547 55000
2014 29 4148160 7628160 104547 30900 73647 0 0 0 -104547 121750
2015 30 4315200 7795200 104547 30900 73647 0 0 0 -104547 173250
2016 31 4482240 7962240 104547 30900 73647 0 0 0 -104547 228500
2017 32 4649280 8129280 104547 30900 73647 0 0 0 -104547 288500
2018 33 4816320 8296320 104547 30900 73647 0 0 0 -104547 353000
2019 34 4983360 8463360 104547 30900 73647 0 0 0 -104547 424500
2020 35 5150400 8630400 104547 30900 73647 0 0 0 -104547 503750
2021 36 5317440 8797440 104547 30900 73647 0 0 0 -104547 590750
2022 37 5484480 8964480 104547 30900 73647 0 0 0 -104547 688250
2023 38 5651520 9131520 104547 30900 73647 0 0 0 -104547 796000
2024 39 5818560 9298560 104547 30900 73647 0 0 0 -104547 915750
2025 40 6029550 9509550 104547 30900 73647 0 0 0 -104547 1049250
2026 41 6213990 9693990 104547 30900 73647 0 0 0 -104547 1195000
2027 42 6398430 9878430 104547 30900 73647 0 0 0 -104547 1355250
2028 43 6582870 10062870 104547 30900 73647 0 0 0 -104547 1528000
2029 44 6776460 10256460 104547 30900 73647 0 0 0 -104547 1724500
2030 45 6987450 10467450 104547 30900 73647 0 0 0 -104547 1938250
2031 46 7207590 10687590 104547 30900 73647 0 0 0 -104547 2177250
2032 47 7497330 10977330 104547 30900 73647 0 0 0 -104547 2445500
2033 48 7935420 11415420 104547 30900 73647 0 0 0 -104547 2745500
2034 49 8399160 11879160 104547 30900 73647 0 0 0 -104547 3100750
2035 50 8238450 11463450 94413 29174 65239 638010 0 0 543597 2983750
2036 51 8058220 11048220 85473 26412 59061 622750 0 0 537277 2875500
2037 52 7882370 10652370 77456 23935 53521 615560 0 0 538104 2768250
2038 53 7679610 10244610 70274 21716 48558 608030 0 0 537756 2664250
2039 54 7486000 9861000 63875 19739 44136 568860 0 0 504985 2566250
2040 55 7331300 9526300 58031 17933 40098 567360 0 0 509329 2466750
2041 56 7265700 9290700 52710 16289 36421 567800 0 0 515090 2366000
2042 57 7154140 9019140 47849 14787 33062 574080 0 0 526231 2265750
2043 58 7089810 8804810 43430 13422 30008 575400 0 0 531970 2168250
2044 59 6822900 8397900 39421 12183 27238 578760 0 0 539339 2073750
2045 60 6545850 7990850 35800 11064 24736 563160 0 0 527360 1984500
2046 61 6306960 7626960 32403 10014 22389 566250 0 0 533847 1889250
2047 62 6031200 7231200 29223 9031 20192 573360 0 0 544137 1790000
2048 63 5776540 6861540 26242 8110 18132 577990 0 0 551748 1685000
2049 64 5509560 6489560 23582 7288 16294 559020 0 0 535438 1589000
2050 65 5209600 6089600 20997 6489 14508 562200 0 0 541203 1491000
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FINANCIAL ADVISOR
DURGAPRASAD SHAH
A/3, Ibrahim Tower, Station Road,
Bhayander (W), Thane - 401 101.
Mob: 8108543218
e-mail: [email protected]
MagicPlan - Retire And Enjoy - V
Year Age
Risk Cover Annual
Premium
Loan
Available
Net
Cashflow AccidentNormal
Tax
Saved
Net
Premium
Returns
From L.I.C.
Existing
Cashin Cashout
2051 66 4684880 5469880 18587 5744 12843 562400 0 0 543813 1391750
2052 67 4181120 4876120 16343 5051 11292 537120 0 0 520777 1293250
2053 68 3668720 4273720 14134 4368 9766 541440 0 0 527306 1183000
2054 69 3147680 3662680 11956 3695 8261 545760 0 0 533804 1060000
2055 70 2618000 2618000 9808 3031 6777 550080 0 0 540272 921000
2056 71 2110720 2110720 7464 2307 5157 523600 0 0 516136 780000
2057 72 1595280 1595280 5570 1722 3848 527680 0 0 522110 620750
2058 73 1071680 1071680 3697 1143 2554 531760 0 0 528063 441250
2059 74 539920 539920 1840 569 1271 535840 0 0 534000 238750
2060 75 0 0 0 0 0 539920 0 0 539920 0
23828903399706 1016816 14714190 0 0 11314484
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