Insurance Proposal for

Shri Akunuri Siva Satish

for Annual Income of Rs. 180000/-

from age 53 to 62

Presented by
M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT
1F5, Sri Shiridi Sai Residency, Kakaraparthi Vari St.,
Satyanarayanapuram, VIJAYAWADA - 520011
Cell 97030 44544, Land Line-0866 2534544
e-mail.rao4lic@yahoo.com
 Presented by
M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT
1F5, Sri Shiridi Sai Residency, Kakaraparthi Vari St.,
Satyanarayanapuram, VIJAYAWADA - 520011
Cell 97030 44544, Land Line-0866 2534544
e-mail.rao4lic@yahoo.com

Overview of Insurance & Retirement Plan for

Shri Akunuri Siva Satish

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.48566/- p.a. from your own
funds till your age of 52 years. This proposal provides
for a high riskcover of Rs.1172350/- starting at age 34
and growing to Rs.2237850/- at age 53.

In the year 2027 when you will be 53 years of age, you

will start receiving annual tax free income every year till
62 years of your age. Income starts at Rs. 199651 per
annum and increases by approximately 7.50 % 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 52.

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-2007. 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 9.34 % (calculated as per IRR method).
 M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT

1F5, Sri Shiridi Sai Residency, Kakaraparthi Vari St.,

Satyanarayanapuram, VIJAYAWADA - 520011
Cell 97030 44544, Land Line-0866 2534544
e-mail.rao4lic@yahoo.com

MagicPlan - Retire And Enjoy - I

Quotation Ref.No. : Asssss Quotation Date : 28/10/2008

Proposer’s Name : Shri Akunuri Siva Satish Proposer’s Age : 34 (nearer birthday)

Sum Proposed : 1120000 Yearly Premium : 48566

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %

Benefits During Deferment Period

Risk Cover Yearly Tax Nett Loan

Year Age Premium Saved Premium Available
Normal Accident
2008 34 1172350 2292350 48566 14861 33705 0
2009 35 1224700 2344700 48566 14861 33705 0
2010 36 1277050 2397050 48566 14861 33705 28250
2011 37 1329400 2449400 48566 14861 33705 64000
2012 38 1381750 2501750 48566 14861 33705 91000
2013 39 1434100 2554100 48566 14861 33705 122250
2014 40 1486450 2606450 48566 14861 33705 156000
2015 41 1538800 2658800 48566 14861 33705 194500
2016 42 1591150 2711150 48566 14861 33705 237750
2017 43 1643500 2763500 48566 14861 33705 287000
2018 44 1695850 2815850 48566 14861 33705 341750
2019 45 1748200 2868200 48566 14861 33705 403250
2020 46 1800550 2920550 48566 14861 33705 471750
2021 47 1852900 2972900 48566 14861 33705 547000
2022 48 1927650 3047650 48566 14861 33705 631750
2023 49 2002400 3122400 48566 14861 33705 726000
2024 50 2071550 3191550 48566 14861 33705 833000
2025 51 2151900 3271900 48566 14861 33705 952750
2026 52 2237850 3357850 48566 14861 33705 1096500

922754 282359 640395

* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
 M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT

1F5, Sri Shiridi Sai Residency, Kakaraparthi Vari St.,

Satyanarayanapuram, VIJAYAWADA - 520011
Cell 97030 44544, Land Line-0866 2534544
e-mail.rao4lic@yahoo.com

MagicPlan - Retire And Enjoy - I

Quotation Ref.No. : Asssss Quotation Date : 28/10/2008

Proposer’s Name : Shri Akunuri Siva Satish Proposer’s Age : 34 (nearer birthday)

Sum Proposed : 1120000 Yearly Premium : 48566

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %

Benefits during the Retirement Period

Returns From LIC

Risk Cover Yearly Tax Nett Desired Amount Used for Nett Loan
Year Age Normal Accident Premium Saved Premium Income Received Prem. Pymt. Receivable Available

2027 53 2111200 3111200 42232 12923 29309 180000 228960 29309 199651 1054250
2028 54 1971780 2856780 36491 11166 25325 193500 230575 25325 205250 1008250
2029 55 1814275 2589275 31261 9566 21695 208013 245080 21695 223385 947250
2030 56 1631910 2296910 26265 8037 18228 223613 257510 18228 239282 872500
2031 57 1433010 1988010 21488 6575 14913 240384 269940 14913 255027 782500
2032 58 1201500 1646500 16903 5172 11731 258413 284020 11731 272289 675250
2033 59 947380 1282380 12494 3823 8671 277794 297000 8671 288329 547500
2034 60 665100 890100 8245 2523 5722 298629 311080 5722 305358 397500
2035 61 354085 469085 4146 1269 2877 321026 325160 2877 322283 223000
2036 62 0 0 0 0 0 345103 354085 0 354085 0

199525 2803410 138471 2664939

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-2007 . 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 9.34 % (calculated as per IRR method).
u The nett annuity is increasing every year to take care of the inflation @ 7.50 % (approximately).
 M. RAMACHANDRA RAO
INSURANCE & INVESTMENT CONSULTANT

1F5, Sri Shiridi Sai Residency, Kakaraparthi Vari St.,

Satyanarayanapuram, VIJAYAWADA - 520011
Cell 97030 44544, Land Line-0866 2534544
e-mail.rao4lic@yahoo.com

MagicPlan - Retire And Enjoy - I

Quotation Ref.No. : Asssss Quotation Date : 28/10/2008

Proposer’s Name : Shri Akunuri Siva Satish Proposer’s DOB : 25/08/1974 Age : 34 (ANB)

Sum Proposed : 1120000 Yearly Premium : 48566

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.60 %

Agent's Copy

Sr. DAB Interim * Bonus #Assu PREMIUM

No. Plan/Tm/PPT Sum Sum Bonus Rate Step FAB SSS Mly. Qly. Hly. Yly.
Rate Rate

1 14/19/19 120000 120000 42 42 0.00 110 544 572 1633 3217 6334
2 14/20/20 115000 115000 42 42 0.00 165 494 519 1481 2916 5741
3 14/21/21 110000 110000 48 48 0.00 220 450 473 1349 2656 5230
4 14/22/22 110000 110000 48 48 0.00 285 429 451 1288 2537 4996
5 14/23/23 110000 110000 48 48 0.00 350 411 432 1232 2426 4777
6 14/24/24 110000 110000 48 48 0.00 430 394 414 1182 2329 4585
7 14/25/25 110000 110000 48 48 0.00 500 379 398 1137 2239 4409
8 14/26/26 110000 110000 48 48 0.00 580 365 384 1096 2158 4249
9 14/27/27 110000 110000 48 48 0.00 660 352 371 1057 2082 4099
10 14/28/28 115000 115000 48 48 0.00 735 356 375 1069 2106 4146

1120000 1120000 4174 4389 12524 24666 48566

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2008.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.