Insurance Proposal for

Mr. Dilip
for Annual Income of Rs. 200000/from age 51 to 75

Presented by
Ajay Jain
Sample Report For Demonstration Purpose Only

Presented by
Ajay Jain
Sample Report For Demonstration Purpose Only

Overview of Insurance & Retirement Plan for

Mr. Dilip
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.74155/- p.a. from your own
funds till your age of 50 years. This proposal provides for
a high riskcover of Rs.2628175/- starting at age 28 and
growing to Rs.6413250/- at age 51.

In the year 2034 when you will be 51 years of age, you

will start receiving annual tax free income every year till
75 years of your age. Income starts at Rs. 232988 per
annum and increases by approximately 4.00 % 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 50.
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 is based on forecast of future bonuses expected from L.I.C.. These bonuses are not

guaranteed and have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 9.37 % (calculated as per IRR method).

Ajay Jain
Sample Report For Demonstration Purpose Only

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 55

Quotation Date

: 02/07/2011

Proposers Name

: Mr. Dilip

Proposers Age

: 28

Sum Proposed

: 2515000

Yearly Premium

: 74155

Sec.80 CCE Invt. Lmt.

Sec.80 CCE Tax Rebate

: 100000

(nearer birthday)

: 30.90 %

Benefits During Deferment Period

Risk Cover

Yearly

Tax

Net

Loan

Accident

Premium

Saved

Premium

Available

3128175

74155

22913

51242

3266500

74155

22913

51242

3392250

74155

22913

51242

27500

3025545

3525545

74155

22913

51242

75750

3161355

3661355

74155

22913

51242

109750

33

3299680

3799680

74155

22913

51242

148500

34

3440520

3940520

74155

22913

51242

192750

2018

35

3583875

4083875

74155

22913

51242

243250

2019

36

3729745

4229745

74155

22913

51242

300500

2020

37

3878130

4378130

74155

22913

51242

365250

2021

38

4029030

4529030

74155

22913

51242

438000

2022

39

4182445

4682445

74155

22913

51242

520000

2023

40

4338375

4838375

74155

22913

51242

610750

2024

41

4496820

4996820

74155

22913

51242

715250

2025

42

4682930

5182930

74155

22913

51242

830500

2026

43

4858980

5358980

74155

22913

51242

956750

2027

44

5037545

5537545

74155

22913

51242

1099000

Year

Age

Normal

2011

28

2628175

2012

29

2766500

2013

30

2892250

2014

31

2015

32

2016
2017

2028

45

5218625

5718625

74155

22913

51242

1253500

2029

46

5402220

5902220

74155

22913

51242

1429500

2030

47

5600905

6100905

74155

22913

51242

1623500

2031

48

5802105

6302105

74155

22913

51242

1839750

2032

49

6056120

6556120

74155

22913

51242

2083750

2033

50

6413250

6913250

74155

22913

51242

2355250

1705565

526999

1178566

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

Ajay Jain
Sample Report For Demonstration Purpose Only

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 55

Quotation Date

: 02/07/2011

Proposers Name

: Mr. Dilip

Proposers Age

: 28

Sum Proposed

: 2515000

Yearly Premium

: 74155

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

(nearer birthday)

: 30.90 %

Benefits during the Retirement Period

Returns From LIC

Risk Cover
Year Age

Yearly

Tax

Net

Desired

Amount

Used for

Net

Loan

Normal

Accident

Premium

Saved

Premium

Income

Received

Prem. Pymt.

Receivable

Available

2034

51

6610715

7110715

69075

21343

47732

200000

280720

47732

232988

2422750

2035

52

6832100

7332100

64475

19922

44553

208000

284025

44553

239472

2495500

2036

53

7029400

7529400

60292

18629

41663

216320

287900

41663

246237

2573250

2037

54

7214800

7714800

56308

17398

38910

224973

305400

38910

266490

2648000

2038

55

7365000

7865000

52509

16224

36285

233972

324000

36285

287715

2716250

2039

56

7479700

7979700

48879

15102

33777

243331

342700

33777

308923

2780500

2040

57

7612600

8112600

45409

14030

31379

253064

361500

31379

330121

2836750

2041

58

7805400

8305400

42085

13003

29082

263186

383400

29082

354318

2885750

2042

59

7943800

8443800

38897

12018

26879

273714

411400

26879

384521

2926250

2043

60

8102500

8602500

35835

11072

24763

284662

439500

24763

414737

2957750

2044

61

8056200

8556200

32889

10162

22727

296049

472700

22727

449973

2980250

2045

62

7964600

8464600

30055

9286

20769

307891

496000

20769

475231

2989000

2046

63

7887400

8387400

27323

8442

18881

320206

519400

18881

500519

2988000

2047

64

7754300

8254300

24688

7628

17060

333015

547900

17060

530840

2973000

2048

65

7615000

8115000

22140

6841

15299

346335

576500

15299

561201

2939500

2049

66

7409200

7909200

19679

6081

13598

360189

610200

13598

596602

2892500

2050

67

7136600

7636600

17296

5345

11951

374596

644000

11951

632049

2825750

2051

68

6621900

7121900

14986

4631

10355

389580

677900

10355

667545

2743500

2052

69

6089800

6589800

12743

3938

8805

405163

686900

8805

678095

2641250

2053

70

5540000

5540000

10568

3266

7302

421370

696000

7302

688698

2511250

2054

71

4972200

4972200

8352

2581

5771

438225

705200

5771

699429

2359250

2055

72

4386100

4386100

6189

1913

4276

455754

714500

4276

710224

2169500

2056

73

3781400

3781400

4079

1261

2818

473984

723900

2818

721082

1948500

2057

74

3157800

3157800

2018

624

1394

492943

733400

1394

732006

1680500

2058

75

2515000

2515000

512661

743000

743000

1364500

12968045

516029

12452016

746769

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 is based on forecast of future bonuses expected from L.I.C.. These bonuses are not guaranteed

and have been estimated solely to understand the possible benefits from proposed Insurance. Actual results may vary.
u Loan calculation is done on the basis of present surrender value rates.
u The Riskcover of Rs. 2,515,000.00 will continue till life time.
u The effective yield in the above proposal works out to 9.37 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 75.
u The nett annuity is increasing every year to take care of the inflation @ 4.00 % (approximately).

Ajay Jain
Sample Report For Demonstration Purpose Only

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 55

Quotation Date

: 02/07/2011

Proposers Name

: Mr. Dilip

Proposers Age

: 28

Sum Proposed

: 2515000

(ANB)

Benefits After Retirement Age

Risk Cover
Year

Age

Normal

Accident

Cash Value

Loan Available

2059

76

2515000

2515000

1554773

1402000

2060

77

2515000

2515000

1590486

1433250

2061

78

2515000

2515000

1625193

1464750

2062

79

2515000

2515000

1659397

1496000

2063

80

2515000

2515000

1692595

1521750

2064

81

2515000

2515000

1724787

1553000

2065

82

2515000

2515000

1756225

1578500

2066

83

2515000

2515000

1786656

1609500

2067

84

2515000

2515000

1816081

1634750

2068

85

2515000

2515000

1844752

1659750

2069

86

2515000

2515000

1872166

1685000

2070

87

2515000

2515000

1898825

1710000

2071

88

2515000

2515000

1924478

1729250

2072

89

2515000

2515000

1950131

1754250

2073

90

2515000

2515000

1974778

1779250

2074

91

2515000

2515000

1999928

1798500

2075

92

2515000

2515000

2024827

1823250

2076

93

2515000

2515000

2050479

1848250

2077

94

2515000

2515000

2083175

1873750

2078

95

2515000

2515000

2111846

1899000

2079

96

2515000

2515000

2166169

1949250

2080

97

2515000

2515000

2219236

1999250

2081

98

2515000

2515000

2341465

2106500

2082

99

2515000

2515000

2428233

2187750

2083

100

2515000

2515000

Ajay Jain
Sample Report For Demonstration Purpose Only

MagicPlan - Retire And Enjoy - II

Quotation Ref.No.

: 55

Quotation Date

: 02/07/2011

Proposers Name

: Mr. Dilip

Proposers DOB

: 25/09/1983

Sum Proposed

: 2515000

Yearly Premium

: 74155

Sec.80 CCE Invt. Lmt.

: 100000

Sec.80 CCE Tax Rebate

Age : 28 (ANB)

: 30.90 %

Agent's Copy
Sr.
No.

Plan/Tm/PPT

Sum

DAB

Interim

* Bonus

#Assu

Sum

Bonus

Rate

Step

Rate

PREMIUM
FAB

SSS

Mly.

Qly.

Hly.

Yly.

Rate

149/23/23

110000

45

50

1.00

150

437

459

1310

2580

5080

149/24/24

105000

45

50

1.00

230

395

416

1186

2336

4600

149/25/25

100000

45

50

1.00

330

360

378

1079

2124

4183

149/26/26

100000

45

50

1.00

430

342

360

1027

2023

3984

149/27/27

100000

45

50

1.00

540

327

343

980

1930

3799

149/28/28

100000

45

50

1.00

650

312

328

936

1844

3630

149/29/29

100000

45

50

1.00

760

298

314

895

1762

3470

149/30/30

100000

45

50

1.00

900

286

301

857

1689

3324

149/31/31

100000

45

50

1.00

1100

274

288

822

1620

3188

10

149/32/32

100000

45

50

1.00

1300

263

277

790

1556

3062

11

149/33/33

100000

45

50

1.00

1550

253

266

760

1496

2946

12

149/34/34

100000

45

50

1.00

1700

244

256

731

1440

2834

13

149/35/35

100000

45

50

1.00

1850

235

247

705

1388

2732

14

149/36/36

100000

45

50

1.00

2050

227

238

680

1339

2635

15

149/37/37

100000

45

50

1.00

2250

219

231

657

1295

2548

16

149/38/38

100000

45

50

1.00

2500

212

223

635

1250

2461

17

149/39/39

100000

45

50

1.00

2750

205

216

615

1211

2383

18

149/40/40

100000

45

50

1.00

3000

199

209

596

1174

2310

19

149/41/41

100000

45

50

1.00

3000

193

203

579

1139

2243

20

149/42/42

100000

45

50

1.00

3000

187

197

561

1105

2175

21

149/43/43

100000

100000

45

50

1.00

3000

190

200

571

1125

2216

22

149/44/44

100000

100000

45

50

1.00

3000

186

195

557

1098

2163

23

149/45/45

100000

100000

45

50

1.00

3000

181

190

544

1071

2110

24

149/46/46

100000

100000

45

50

1.00

3000

177

186

531

1047

2061

25

149/47/47

100000

100000

45

50

1.00

3000

173

182

520

1024

2018

2515000

500000

6375

6703

19124

37666

74155

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2011.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.