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  • Rad 1 FDF9

    Transféré par

    Harish Chand
    41 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
    41 vues2 pages

    Rad 1 FDF9

    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)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 2

    Harish Chand

    Delhi LIC Agent


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

    Jeevan Saathi Plan Presentation

    Name :
    Sum

    Mr. Harish Chand

    Age

    : 1000000

    Spouse's Age : 23

    Term : 15

    Risk Cover of Surviving Life

    Year

    : 29

    Report Date

    Annual
    Premium

    Tax
    Saved

    Nett
    Premium

    Risk Cover

    Age
    Normal

    Accident

    Normal

    Accident

    : 11/11/2010

    Returns
    from L.I.C

    2010

    29

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2011

    30

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2012

    31

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2013

    32

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2014

    33

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2015

    34

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2016

    35

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2017

    36

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2018

    37

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2019

    38

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2020

    39

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2021

    40

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2022

    41

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2023

    42

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2024

    43

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2025

    44

    1640000

    1146060

    389550

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

    756510

    1640000

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

    Jeevan Saathi Plan Presentation

    Name :
    Sum

    Mr. Harish Chand

    Age

    : 1000000

    : 29

    Spouse's Age : 23

    Term : 15

    Report Date

    : 11/11/2010

    Financial working in the unfortunate event of death of one of the partners after 8 years.
    Risk Cover of Surviving Life

    Year

    Annual
    Premium

    Tax
    Saved

    Nett
    Premium

    Risk Cover

    Age
    Normal

    Accident

    Normal

    Accident

    Returns
    from L.I.C

    2010

    29

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2011

    30

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2012

    31

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2013

    32

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2014

    33

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2015

    34

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2016

    35

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2017

    36

    1000000

    1010000

    1000000

    1010000

    76404

    25970

    50434

    2018

    37

    1360000

    1360000

    1000000

    2019

    38

    1400000

    1400000

    2020

    39

    1440000

    1440000

    2021

    40

    1480000

    1480000

    2022

    41

    1520000

    1520000

    2023

    42

    1560000

    1560000

    2024

    43

    1640000

    1640000

    2025

    44

    1640000

    611232

    207760

    Yield on Investments : 9.18%

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

    403472

    2640000

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