L I C's JEEVAN CHHAYA PLAN

L I C's Jeevan Chhaya plan is exclusively designed to take care of your child's future needs, particularly at
the start of his higher education and subsequent settlement in life. The uniqueness of this plan is the
benefits given below as returns are guaranteed. Your life is covered for risk and your child's future
financail needs are secured. Thus an easy way to start planning. Assumed herein are: Father's Age: 37 //
Sum Assured: 18lacs // Prem: 110380// IT slab: 30% // Bonus: 42/'000
Risk Cover Annual Tax Nett Returns New Loan Total Loan
Year Age Normal Accident Premium Saved Premium From L.I.C. Available Available
2010 37 1800000 3600000 110380 33990 76390 0 0 0
2011 38 1800000 3600000 110380 33990 76390 0 0 0
2012 39 1800000 3600000 110380 33990 76390 0 58750 58750
2013 40 1800000 3600000 110380 33990 76390 0 102250 161000
2014 41 1800000 3600000 110380 33990 76390 0 65250 226250
2015 42 1800000 3600000 110380 33990 76390 0 67500 293750
2016 43 1800000 3600000 110380 33990 76390 0 89250 383000
2017 44 1800000 3600000 110380 33990 76390 0 100750 483750
2018 45 1800000 3600000 110380 33990 76390 0 110250 594000
2019 46 1800000 3600000 110380 33990 76390 0 132250 726250
2020 47 1800000 3600000 110380 33990 76390 0 122750 849000
2021 48 1800000 3600000 110380 33990 76390 0 146500 995500
2022 49 1800000 3600000 110380 33990 76390 0 159500 1155000
2023 50 1800000 3600000 110380 33990 76390 0 175000 1330000
2024 51 1800000 3600000 110380 33990 76390 0 206500 1536500
2025 52 1800000 3600000 110380 33990 76390 0 247500 1784000
2026 53 1800000 3600000 110380 33990 76390 450000 707750 2041750
2027 54 1800000 3600000 110380 33990 76390 450000 726500 2318250
2028 55 1800000 3600000 110380 33990 76390 450000 737000 2605250
2029 56 0 0 0 0 0 2183400 0 0
Total : 2097220 645810 1451410 3533400

Graphical presentation
Premium Paying Period

25% SA
+Bonus
+FAB
25% SA 25% SA 25% SA
Loan from 3 year onwards
rd

16 17 18 19
Start 3 year
rd D = SA No premium if 'D' occurs

Premium payment for only 19 years

a
i ng
16th yr 450000
nt hav
re s
a pa o year
BENEFITS

17th yr 450000
or
df tw
18th yr 450000
y s uite around
l l e
19th yr 2183400 Idea d of ag
Total 3533400 chi l