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  • Rad 140 DC

    Transféré par

    Harish Chand
    12 vues2 pages
    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

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    12 vues2 pages

    Rad 140 DC

    Transféré par

    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

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
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    Harish Chand

    Delhi LIC Agent


    577, GH-9, PASCHIM VIHAR NEW DELHI- 110087 INDIA, 9811896425, 9212201725 www.delhiLICagent.com

    Date : 07/10/2010

    Jeevan Bharti
    . . . . for the woman of substance
    In todays era where a woman is at par with man; she deserves the best. Jeevan Bharati is a innovative plan from L.I.C. of India, which has been designed specially to provide high security to the woman and also meet her cash flow expectations through survival benefits.
    Insurance proposal for Mrs. Ritika aged 30 years H I G H L I G H T S Survival Benefits Money Back scheme of term 15 years with survival benefits of 20 % at 5 and 10 years or 20 years with survival benefits of 20 % at 5, 10 and 15 years.

    Guaranteed Addition and Bonuses Guaranteed Addition of Rs.50/- per 1000 sum assured for first 5 years and bonus thereafter.

    Maturity Benefits Maturity benefit of 60% sum assured plus vested guaranteed addition and bonus for 15 year policy and 40% sum assured plus vested guaranteed addition and bonus for 20 year policy.

    Female Critical Illness Benefit (FCI) Built-in Female Critical Illness (FCI) benefit to financially assist the insured on occurrence of any one of the following critical illness. - Breast cancer. - Ovarian / Fallopian Tube cancer. - Cervical cancer. - Uterine cancer. - Vaginal / Vulval cancer. The amount will be equal to sum assured subject to maximum of Rs. 2 Lacs. Congenital Disabilities Benefit (CDB) In an unfortunate situation if the woman delivers a child (before attaining the age of 40 years) with Congenital Disability, the built-in Congenital Disabilities Benefit (CDB) shall be available to the extent of 50% of sum assured (subject to maximum of Rs. 1 Lac only). Free Risk Cover After payment of atleast two years of premium there is a flexibility of premium payment available. Full riskcover shall remain intact for three years from the date of first unpaid premium (without the cover for FCI, CDB and Accident benefits).

    Other Benefits

    Accident and Disability Benefit (optional). Encashment of survival benefits as and when needed. Flexibility to pay premiums in advance. Option to receive maturity benefits in the form of an annuity.

    Harish Chand
    Delhi LIC Agent
    577, GH-9, PASCHIM VIHAR NEW DELHI- 110087 INDIA, 9811896425, 9212201725 www.delhiLICagent.com

    Jeevan Bharati Plan Presentation


    Pg. 2
    Sum Assured Basic Premium FCI Sum CDB Sum DAB Assumed Bonus Rate : : : : :

    500000 43650 200000 0


    :

    Term Mode FCI Premium CDB Premium :

    : : :

    15 Years Yearly 240 0

    500 0.00 per 1000 100000


    Annual Premium

    Total Premium Returns Reinvestment Rate Section 80 CCE Tax Savings

    : : :

    44390 7.00 % 33.99 %


    Returns from L.I.C. Re-invested Value of Returns

    Section 80 CCE Invst. Limit :

    Risk Cover Year Age Normal Accidental

    Tax Saved

    Nett Premium

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

    30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45

    525000 550000 575000 600000 625000 625000 625000 625000 625000 625000 625000 625000 625000 625000 625000 0

    1025000 1050000 1075000 1100000 1125000 1125000 1125000 1125000 1125000 1125000 1125000 1125000 1125000 1125000 1125000 0

    44390 44390 44390 44390 44390 44390 44390 44390 44390 44390 44390 44390 44390 44390 44390 0 665850

    15088 15088 15088 15088 15088 15088 15088 15088 15088 15088 15088 15088 15088 15088 15088 0 226320

    29302 29302 29302 29302 29302 29302 29302 29302 29302 29302 29302 29302 29302 29302 29302 0 439530

    0 0 0 0 0 100000 0 0 0 0 100000 0 0 0 0 425000 625000

    0 0 0 0 0 100000 107000 114490 122504 131079 240255 257073 275068 294323 314926 761971

    SUMMARY
    Minimum Risk Cover (Normal) Minimum Risk Cover (Accidental) Maximum Risk Cover (Normal) Maximum Risk Cover (Accidental) Yield On Returns Yield On The Basis Of Returns Re-investment Rs. 525000 Rs. 1025000 Rs. 625000 Rs. 1125000 6.38 % 6.61 %

    The above statement is based on certain assumptions which are liable to change according to Government/Corporation's policies.

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