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An innovative Retirement solution

for

Mr. Navanethekrishnan A
to provide Annual Income of
Rs.1,50,000 from age 49 to 62

Presented by

P. VENKATESAN, M.A.,
INSURANCE AND INVESTMENT CONSULTANT(LIC OF INDIA)
3/446, GOWRI ILLAM, 10th STREET,RAM NAGAR, MANNIVAKKAM POST,
MOBILE : 9444207938,9445690108 e-mail. pvenkatesanlic@gmail.com

CHENNAI-600048.

Presented by

P. VENKATESAN, M.A.,
INSURANCE AND INVESTMENT CONSULTANT(LIC OF INDIA)
3/446, GOWRI ILLAM, 10th STREET,RAM NAGAR,
MANNIVAKKAM POST,

CHENNAI-600048.

MOBILE : 9444207938,9445690108
e-mail. pvenkatesanlic@gmail.com

Overview of Insurance & Retirement Plan for

Mr. Navanethekrishnan A
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.52531/- p.a. from your own funds till your
age of 48 years. This proposal provides for a high riskcover of
Rs.1467200/- starting at age 27 and growing to
Rs.2990400/- at age 49.

In the year 2036 when you will be 49 years of age, you will
start receiving annual tax free income every year till 62 years
of your age. Income starts at Rs. 180614 per annum. 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 48.

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 table no. 14 declared by LIC for the year
ended 31-Mar-2013. Actual results may deviate depending on the future bonuses declared by LIC.

u The effective yield in the above proposal works out to 8.68 % (calculated as per IRR method).

P. VENKATESAN, M.A.,
INSURANCE AND INVESTMENT CONSULTANT(LIC OF INDIA)
3/446, GOWRI ILLAM, 10th STREET,RAM NAGAR,
MANNIVAKKAM POST, CHENNAI-600048.
MOBILE : 9444207938,9445690108
e-mail. pvenkatesanlic@gmail.com

MagicPlan - New Retire And Enjoy - I


Quotation Ref.No. : Navanetha

Quotation Date

: 09/01/2014

Proposers Name : Mr. Navanethekrishnan A

Proposers Age

: 27

Yearly Premium

: 52531

: 1400000

Sum Proposed

Sec.80 CCE Invt. Lmt. : 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits During Deferment Period


Risk Cover
Year

Age

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035

27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

Normal
1467200
1534400
1601600
1668800
1736000
1803200
1870400
1937600
2004800
2072000
2139200
2206400
2273600
2340800
2422000
2496200
2570400
2644600
2718800
2800000
2881200
2990400

Accident
2867200
2934400
3001600
3068800
3136000
3203200
3270400
3337600
3404800
3472000
3539200
3606400
3673600
3740800
3822000
3896200
3970400
4044600
4118800
4200000
4281200
4390400

Yearly #
Premium

Tax
Saved

Net
Premium

52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531
52531

16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231
16231

36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300
36300

1155682

357082

798600

# Premium indicated above is inclusive of service tax.


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

P. VENKATESAN, M.A.,
INSURANCE AND INVESTMENT CONSULTANT(LIC OF INDIA)
3/446, GOWRI ILLAM, 10th STREET,RAM NAGAR,
MANNIVAKKAM POST, CHENNAI-600048.
MOBILE : 9444207938,9445690108
e-mail. pvenkatesanlic@gmail.com

MagicPlan - New Retire And Enjoy - I


Quotation Ref.No. : Navanetha

Quotation Date

: 09/01/2014

Proposers Name : Mr. Navanethekrishnan A

Proposers Age

: 27

Yearly Premium

: 52531

Sum Proposed

: 1400000

Sec.80 CCE Invt. Lmt. : 100000

(nearer birthday)

Sec.80 CCE Tax Rebate : 30.90 %

Benefits during the Retirement Period


Returns From LIC
Year Age
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049

49
50
51
52
53
54
55
56
57
58
59
60
61
62

Risk Cover
Tax
Yearly #
Normal
Accident Premium Saved
2930200
2858400
2783000
2678000
2552400
2395200
2206400
2004000
1794000
1534400
1240200
866400
453000
0

4230200
4058400
3883000
3678000
3452400
3195200
2906400
2604000
2294000
1934400
1540200
1066400
553000
0

47735
43162
38786
34596
30573
26707
22982
19393
15926
12560
9290
6111
3017
0
310838

14749
13336
11984
10689
9446
8251
7100
5991
4920
3880
2870
1888
932
0

Net
Premium

Desired
Income

Amount
Received

Used for
Prem. Pymt.

Net
Receivable

32986
29826
26802
23907
21127
18456
15882
13402
11006
8680
6420
4223
2085
0

150000
150000
150000
150000
150000
150000
150000
150000
150000
150000
150000
150000
150000
150000

213600
225400
238200
253000
267800
283600
299400
315200
334000
358800
383600
413400
433200
453000

32986
29826
26802
23907
21127
18456
15882
13402
11006
8680
6420
4223
2085
0

180614
195574
211398
229093
246673
265144
283518
301798
322994
350120
377180
409177
431115
453000

4472200

214802

4257398

# Premium indicated above is inclusive of service tax.


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 table no. 14 declared by LIC for
the year ended 31-Mar-2013 . Actual results may deviate depending on the future bonuses declared by LIC.
u

The effective yield in the above proposal works out to 8.68 % (calculated as per IRR method).

P. VENKATESAN, M.A.,
INSURANCE AND INVESTMENT CONSULTANT(LIC OF INDIA)
3/446, GOWRI ILLAM, 10th STREET,RAM NAGAR,
MANNIVAKKAM POST, CHENNAI-600048.
MOBILE : 9444207938,9445690108
e-mail. pvenkatesanlic@gmail.com

MagicPlan - New Retire And Enjoy - I


Quotation Ref.No. : Navanetha

Quotation Date : 09/01/2014

Proposers Name : Mr. Navanethekrishnan A

Proposers DOB : 13/08/1986

Sum Proposed

: 1400000

Age : 27 (ANB)

Yearly Premium : 52531

Sec.80 CCE Invt. Lmt. : 100000

Sec.80 CCE Tax Rebate : 30.90 %

Agent's Copy
PREMIUM#

Sr.
No. Plan/Tm/PPT

Sum

DAB
Sum

* Bonus
Rate

FAB

SSS

Mly.

Qly.

Hly.

Yly.

814/22/22
814/23/23
814/24/24
814/25/25
814/26/26
814/27/27
814/28/28
814/29/29
814/30/30
814/31/31
814/32/32
814/33/33
814/34/34
814/35/35

100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000

100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000
100000

48
48
48
48
48
48
48
48
48
48
48
48
48
48

80
150
230
330
430
540
650
760
900
1100
1300
1550
1700
1850

407
389
372
356
342
329
316
305
295
286
278
270
263
257

407
389
372
356
342
329
316
305
295
286
278
270
263
257

1223
1166
1115
1068
1026
986
949
914
883
858
834
810
789
769

2422
2309
2210
2115
2032
1953
1881
1812
1750
1700
1652
1605
1562
1524

4796
4573
4376
4190
4023
3866
3725
3589
3467
3366
3270
3179
3094
3017

4465

4465

13390

26527

52531

1
2
3
4
5
6
7
8
9
10
11
12
13
14

1400000

1400000

1. # Premium indicated above is inclusive of service tax.


2. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2014.