LIC Model Quatation

Development Officer - LIC OF INDIA

LIC Of IndiaRasipuram - 637408.Mobile : 98427 46021Email : [email protected]

V. VEERAMANI M.Sc., M.Phil.,

Highlights

Life is unpredictable. To helpyou take control of your life,you need insurance. Whichbrings us to the most commondilemma you face: what tochoose. That’s why there isLife Insurance Corporation.

The biggest life insurancecompany in India, with anetwork of over 13 lakh agentsand 2048 branches all overIndia. With the highest claimsettlement record in the worldand a customer base of over30 crore policy holders, LICbrings with it a world ofexperience. LIC Offers you

customized insurance productsthat suit your specific needs,and help you plan for a securefuture.

New Jeevan Anand

Mr. Nagendran Sir

LIC for every needDated : 23/09/2015

Insure now, not because you are to die, but they are to live Page 1

Mr. Nagendran Sir (27 Yrs)




Say yes to family security , say yes to Life Insurance Page 2





Insure today for better tomorrow Page 3





Plan Name of Plan Term Sum AssuredMode PremiumDate ofCommence

AccidentBenefit

Bonus /G.A*

Presentation Details

PPTSNo ServiceTax

815 New Jeevan Anand 16 1,00,000Hly 3,7951,00,000 49.023/09/2015 161 117Total 1,00,000 1,00,000 3,795 117

Annual Premium, Risk Cover & Loan Availability Table*

The below table shows the Annual Premium Paid, Risk Cover, Returns & Loan Availability at the end of each year. The Tax saved is calculated @ 10.30%

Date Age Risk Cover AnnualPremium

Tax Saved Nett.Premium

Returns FromLIC

Total LoanAvailable

Normal Accident

Cash In Hand

23/09/2015 27 1,29,900 2,29,900 7,825 782 7,043 0 023/09/2016 28 1,34,800 2,34,800 7,707 782 6,925 0 023/09/2017 29 1,39,700 2,39,700 7,707 782 6,925 0 023/09/2018 30 1,44,600 2,44,600 7,707 782 6,925 0 14,25023/09/2019 31 1,49,500 2,49,500 7,707 782 6,925 0 19,00023/09/2020 32 1,54,400 2,54,400 7,707 782 6,925 0 25,00023/09/2021 33 1,59,300 2,59,300 7,707 782 6,925 0 32,25023/09/2022 34 1,64,200 2,64,200 7,707 782 6,925 0 39,75023/09/2023 35 1,69,100 2,69,100 7,707 782 6,925 0 48,00023/09/2024 36 1,74,000 2,74,000 7,707 782 6,925 0 57,50023/09/2025 37 1,78,900 2,78,900 7,707 782 6,925 0 68,50023/09/2026 38 1,83,800 2,83,800 7,707 782 6,925 0 80,75023/09/2027 39 1,88,700 2,88,700 7,707 782 6,925 0 95,75023/09/2028 40 1,93,600 2,93,600 7,707 782 6,925 0 1,12,75023/09/2029 41 1,99,500 2,99,500 7,707 782 6,925 0 1,32,00023/09/2030 42 2,04,900 3,04,900 7,707 782 6,925 0 1,53,75023/09/2031 43 1,00,000 1,00,000 0 0 0 1,79,900 14,5001,79,90023/09/2032 44 1,00,000 1,00,000 0 0 0 0 15,25023/09/2033 45 1,00,000 1,00,000 0 0 0 0 16,25023/09/2034 46 1,00,000 1,00,000 0 0 0 0 17,25023/09/2035 47 1,00,000 1,00,000 0 0 0 0 18,25023/09/2036 48 1,00,000 1,00,000 0 0 0 0 19,25023/09/2037 49 1,00,000 1,00,000 0 0 0 0 20,25023/09/2038 50 1,00,000 1,00,000 0 0 0 0 21,25023/09/2039 51 1,00,000 1,00,000 0 0 0 0 22,50023/09/2040 52 1,00,000 1,00,000 0 0 0 0 23,50023/09/2041 53 1,00,000 1,00,000 0 0 0 0 24,50023/09/2042 54 1,00,000 1,00,000 0 0 0 0 26,00023/09/2043 55 1,00,000 1,00,000 0 0 0 0 27,25023/09/2044 56 1,00,000 1,00,000 0 0 0 0 28,50023/09/2045 57 1,00,000 1,00,000 0 0 0 0 29,75023/09/2046 58 1,00,000 1,00,000 0 0 0 0 31,00023/09/2047 59 1,00,000 1,00,000 0 0 0 0 32,250

When someone depends on you, you can depend on Life Insurance Page 4





Date Age Risk Cover AnnualPremium

Tax Saved Nett.Premium

Returns FromLIC

Total LoanAvailable

Normal Accident

Cash In Hand

23/09/2048 60 1,00,000 1,00,000 0 0 0 0 33,50023/09/2049 61 1,00,000 1,00,000 0 0 0 0 35,00023/09/2050 62 1,00,000 1,00,000 0 0 0 0 36,25023/09/2051 63 1,00,000 1,00,000 0 0 0 0 37,75023/09/2052 64 1,00,000 1,00,000 0 0 0 0 39,25023/09/2053 65 1,00,000 1,00,000 0 0 0 0 40,50023/09/2054 66 1,00,000 1,00,000 0 0 0 0 42,00023/09/2055 67 1,00,000 1,00,000 0 0 0 0 43,25023/09/2056 68 1,00,000 1,00,000 0 0 0 0 44,75023/09/2057 69 1,00,000 1,00,000 0 0 0 0 46,25023/09/2058 70 1,00,000 1,00,000 0 0 0 0 47,50023/09/2059 71 1,00,000 1,00,000 0 0 0 0 49,00023/09/2060 72 1,00,000 1,00,000 0 0 0 0 50,25023/09/2061 73 1,00,000 1,00,000 0 0 0 0 51,75023/09/2062 74 1,00,000 1,00,000 0 0 0 0 53,00023/09/2063 75 1,00,000 1,00,000 0 0 0 0 54,25023/09/2064 76 1,00,000 1,00,000 0 0 0 0 55,75023/09/2065 77 1,00,000 1,00,000 0 0 0 0 57,00023/09/2066 78 1,00,000 1,00,000 0 0 0 0 58,25023/09/2067 79 1,00,000 1,00,000 0 0 0 0 59,50023/09/2068 80 1,00,000 1,00,000 0 0 0 0 60,50023/09/2069 81 1,00,000 1,00,000 0 0 0 0 61,75023/09/2070 82 1,00,000 1,00,000 0 0 0 0 62,75023/09/2071 83 1,00,000 1,00,000 0 0 0 0 64,00023/09/2072 84 1,00,000 1,00,000 0 0 0 0 65,00023/09/2073 85 1,00,000 1,00,000 0 0 0 0 66,00023/09/2074 86 1,00,000 1,00,000 0 0 0 0 67,00023/09/2075 87 1,00,000 1,00,000 0 0 0 0 68,00023/09/2076 88 1,00,000 1,00,000 0 0 0 0 68,75023/09/2077 89 1,00,000 1,00,000 0 0 0 0 69,75023/09/2078 90 1,00,000 1,00,000 0 0 0 0 70,75023/09/2079 91 1,00,000 1,00,000 0 0 0 0 71,50023/09/2080 92 1,00,000 1,00,000 0 0 0 0 72,50023/09/2081 93 1,00,000 1,00,000 0 0 0 0 73,50023/09/2082 94 1,00,000 1,00,000 0 0 0 0 74,50023/09/2083 95 1,00,000 1,00,000 0 0 0 0 75,50023/09/2084 96 1,00,000 1,00,000 0 0 0 0 77,50023/09/2085 97 1,00,000 1,00,000 0 0 0 0 79,50023/09/2086 98 1,00,000 1,00,000 0 0 0 0 83,75023/09/2087 99 1,00,000 1,00,000 0 0 0 0 023/09/2088 100 0 0 0 0 0 1,00,000 01,00,000

Total

*Liable to change according to Government / Corporation Policy

2,79,9001,10,91812,5121,23,430

Calculation includes Bonus and Final Additional Bonus available to the plan as on today. Premium includes Service Tax. 1st Year Service Tax is 3.09% & thereafter 1.545%

2,79,900

The best thing to save for old days : Self RespectThe best way to save for old days : LIFE INSURANCE

Page 5





Year

Financial Year wise Return CalenderMay Jun July Aug Sep Oct NovApr Dec Jan Feb Mar

2031-2032 1,79,900

2088-2089 1,00,000

Total

Yly Hly Qly SSS Single

Other Premiums Details

Plan Term PPT Sum Assured AccidentBenefit

DOC DailyPremium

PlanSNo

815 16 16 1,00,000 1,00,00023/09/2015 211 7,746 3,912 1,975 659Total 21 7,746 3,912 1,975 659 0

There is no substitute for Life Insurance Page 6





Summary

Description Amount Description Amount

Compounded Value of Returns

Addition Gain by Loan Recycling

Net Amount in hand 23/09/2088

2,79,900.00

0.00

2,79,900.00

Yield (Without tax benefit) 4.73

Yield (With tax benefit) 5.73

Maximum Risk Cover (Normal)

Maximum Risk Cover (Accident)

Total Premium Paid

Less : Tax Saved

Net Premium

Returns (Maturity + Survival Benefit)2,04,900.00

3,04,900.00

1,23,430.00

12,512.00

1,10,918.00

2,79,900.00

Accoumulated Amt. Under Annuity 0.00

Sum Assured 1,00,000

Bonus 78,400

Final Additional Bonus 1,500

Survival Benefits 1,00,000

Returns From LIC

The Following Graph shows the Total Premium paid, likely Amount receivable on Normal Claim & Accident Claimduring the term of the policy.

Insure and be secure Page 7





Date OpeningBalance

Interest AmountDeposited

ClosingBalance

LIC v/s PPFThe below table shows the returns available on amountinvested in a PPF account @ 0.00%

23/09/2015 0 0 7,825 7,82523/09/2016 7,825 0 7,707 15,53223/09/2017 15,532 0 7,707 23,23923/09/2018 23,239 0 7,707 30,94623/09/2019 30,946 0 7,707 38,65323/09/2020 38,653 0 7,707 46,36023/09/2021 46,360 0 7,707 54,06723/09/2022 54,067 0 7,707 61,77423/09/2023 61,774 0 7,707 69,48123/09/2024 69,481 0 7,707 77,18823/09/2025 77,188 0 7,707 84,89523/09/2026 84,895 0 7,707 92,60223/09/2027 92,602 0 7,707 1,00,30923/09/2028 1,00,309 0 7,707 1,08,01623/09/2029 1,08,016 0 7,707 1,15,72323/09/2030 1,15,723 0 7,707 1,23,43023/09/2031 1,23,430 0 0 1,23,43023/09/2032 1,23,430 0 0 1,23,43023/09/2033 1,23,430 0 0 1,23,43023/09/2034 1,23,430 0 0 1,23,43023/09/2035 1,23,430 0 0 1,23,43023/09/2036 1,23,430 0 0 1,23,43023/09/2037 1,23,430 0 0 1,23,43023/09/2038 1,23,430 0 0 1,23,43023/09/2039 1,23,430 0 0 1,23,43023/09/2040 1,23,430 0 0 1,23,43023/09/2041 1,23,430 0 0 1,23,43023/09/2042 1,23,430 0 0 1,23,43023/09/2043 1,23,430 0 0 1,23,43023/09/2044 1,23,430 0 0 1,23,43023/09/2045 1,23,430 0 0 1,23,43023/09/2046 1,23,430 0 0 1,23,43023/09/2047 1,23,430 0 0 1,23,43023/09/2048 1,23,430 0 0 1,23,43023/09/2049 1,23,430 0 0 1,23,43023/09/2050 1,23,430 0 0 1,23,43023/09/2051 1,23,430 0 0 1,23,43023/09/2052 1,23,430 0 0 1,23,43023/09/2053 1,23,430 0 0 1,23,43023/09/2054 1,23,430 0 0 1,23,43023/09/2055 1,23,430 0 0 1,23,430

LIC v/s Market InvestmentThe below table shows the returns available on amount invested in a higher returninvestment @ 0.00%. The tax on interest is deducted @ 10.30%

Date OpeningBalance


ClosingBalance

Tax OnInterest

NetInterest

23/09/2015 0 0 7,825 7,8250 023/09/2016 7,825 0 7,707 15,5320 023/09/2017 15,532 0 7,707 23,2390 023/09/2018 23,239 0 7,707 30,9460 023/09/2019 30,946 0 7,707 38,6530 023/09/2020 38,653 0 7,707 46,3600 023/09/2021 46,360 0 7,707 54,0670 023/09/2022 54,067 0 7,707 61,7740 023/09/2023 61,774 0 7,707 69,4810 023/09/2024 69,481 0 7,707 77,1880 023/09/2025 77,188 0 7,707 84,8950 023/09/2026 84,895 0 7,707 92,6020 023/09/2027 92,602 0 7,707 1,00,3090 023/09/2028 1,00,309 0 7,707 1,08,0160 023/09/2029 1,08,016 0 7,707 1,15,7230 023/09/2030 1,15,723 0 7,707 1,23,4300 023/09/2031 1,23,430 0 0 1,23,4300 023/09/2032 1,23,430 0 0 1,23,4300 023/09/2033 1,23,430 0 0 1,23,4300 023/09/2034 1,23,430 0 0 1,23,4300 023/09/2035 1,23,430 0 0 1,23,4300 023/09/2036 1,23,430 0 0 1,23,4300 023/09/2037 1,23,430 0 0 1,23,4300 023/09/2038 1,23,430 0 0 1,23,4300 023/09/2039 1,23,430 0 0 1,23,4300 023/09/2040 1,23,430 0 0 1,23,4300 023/09/2041 1,23,430 0 0 1,23,4300 023/09/2042 1,23,430 0 0 1,23,4300 023/09/2043 1,23,430 0 0 1,23,4300 023/09/2044 1,23,430 0 0 1,23,4300 023/09/2045 1,23,430 0 0 1,23,4300 023/09/2046 1,23,430 0 0 1,23,4300 023/09/2047 1,23,430 0 0 1,23,4300 023/09/2048 1,23,430 0 0 1,23,4300 023/09/2049 1,23,430 0 0 1,23,4300 023/09/2050 1,23,430 0 0 1,23,4300 023/09/2051 1,23,430 0 0 1,23,4300 023/09/2052 1,23,430 0 0 1,23,4300 023/09/2053 1,23,430 0 0 1,23,4300 023/09/2054 1,23,430 0 0 1,23,4300 023/09/2055 1,23,430 0 0 1,23,4300 0

Death is sure, but time is uncertain Page 8





Date OpeningBalance


ClosingBalance

LIC v/s PPFThe below table shows the returns available on amountinvested in a PPF account @ 0.00%

23/09/2056 1,23,430 0 0 1,23,43023/09/2057 1,23,430 0 0 1,23,43023/09/2058 1,23,430 0 0 1,23,43023/09/2059 1,23,430 0 0 1,23,43023/09/2060 1,23,430 0 0 1,23,43023/09/2061 1,23,430 0 0 1,23,43023/09/2062 1,23,430 0 0 1,23,43023/09/2063 1,23,430 0 0 1,23,43023/09/2064 1,23,430 0 0 1,23,43023/09/2065 1,23,430 0 0 1,23,43023/09/2066 1,23,430 0 0 1,23,43023/09/2067 1,23,430 0 0 1,23,43023/09/2068 1,23,430 0 0 1,23,43023/09/2069 1,23,430 0 0 1,23,43023/09/2070 1,23,430 0 0 1,23,43023/09/2071 1,23,430 0 0 1,23,43023/09/2072 1,23,430 0 0 1,23,43023/09/2073 1,23,430 0 0 1,23,43023/09/2074 1,23,430 0 0 1,23,43023/09/2075 1,23,430 0 0 1,23,43023/09/2076 1,23,430 0 0 1,23,43023/09/2077 1,23,430 0 0 1,23,43023/09/2078 1,23,430 0 0 1,23,43023/09/2079 1,23,430 0 0 1,23,43023/09/2080 1,23,430 0 0 1,23,43023/09/2081 1,23,430 0 0 1,23,43023/09/2082 1,23,430 0 0 1,23,43023/09/2083 1,23,430 0 0 1,23,43023/09/2084 1,23,430 0 0 1,23,43023/09/2085 1,23,430 0 0 1,23,43023/09/2086 1,23,430 0 0 1,23,43023/09/2087 1,23,430 0 0 1,23,43023/09/2088 1,23,430 0 0 1,23,430

Date OpeningBalance


ClosingBalance

Tax OnInterest

NetInterest

23/09/2056 1,23,430 0 0 1,23,4300 023/09/2057 1,23,430 0 0 1,23,4300 023/09/2058 1,23,430 0 0 1,23,4300 023/09/2059 1,23,430 0 0 1,23,4300 023/09/2060 1,23,430 0 0 1,23,4300 023/09/2061 1,23,430 0 0 1,23,4300 023/09/2062 1,23,430 0 0 1,23,4300 023/09/2063 1,23,430 0 0 1,23,4300 023/09/2064 1,23,430 0 0 1,23,4300 023/09/2065 1,23,430 0 0 1,23,4300 023/09/2066 1,23,430 0 0 1,23,4300 023/09/2067 1,23,430 0 0 1,23,4300 023/09/2068 1,23,430 0 0 1,23,4300 023/09/2069 1,23,430 0 0 1,23,4300 023/09/2070 1,23,430 0 0 1,23,4300 023/09/2071 1,23,430 0 0 1,23,4300 023/09/2072 1,23,430 0 0 1,23,4300 023/09/2073 1,23,430 0 0 1,23,4300 023/09/2074 1,23,430 0 0 1,23,4300 023/09/2075 1,23,430 0 0 1,23,4300 023/09/2076 1,23,430 0 0 1,23,4300 023/09/2077 1,23,430 0 0 1,23,4300 023/09/2078 1,23,430 0 0 1,23,4300 023/09/2079 1,23,430 0 0 1,23,4300 023/09/2080 1,23,430 0 0 1,23,4300 023/09/2081 1,23,430 0 0 1,23,4300 023/09/2082 1,23,430 0 0 1,23,4300 023/09/2083 1,23,430 0 0 1,23,4300 023/09/2084 1,23,430 0 0 1,23,4300 023/09/2085 1,23,430 0 0 1,23,4300 023/09/2086 1,23,430 0 0 1,23,4300 023/09/2087 1,23,430 0 0 1,23,4300 023/09/2088 1,23,430 0 0 1,23,4300 0

1,23,430

Description LIC Market

Life Risk CoverAccidental Risk CoverCompulsory Saving

Yes NoYes NoYes No

Secured Investment Yes Secured / UnSecuredTreatment of Returns Tax Free Tax Applicable

Insure now, not because you are to die, but they are to live Page 9





1,23,430

Description LIC PPF

Life Risk CoverAccidental Risk Cover

Min Lock in Period 3 Years 7 YearsMode of Payment (Yly, Hly,

Qly, Mly,SSS,Single)

At a time(Min Rs. 100)

Compulsory Saving

Yes NoYes NoYes No

Say yes to family security , say yes to Life Insurance Page 10

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