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Premium decrease plan by LIC of India

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You are the most important member of your family. Your continous ability to earn income provides comfort and happiness to your family. And right now, you are in a position to be most productive income earner too. Hence, it is very critical that you get a long term protection, together with a flexibility of reducing your premium liability after a short term. Presenting Magic Plan - Bhavishya Sukh an insurance proposition for yourself, which will enable you to get covered for a long period of 15 years. To make your life easier, you are required to pay high premium only for the first five years – the period when you can afford the most. Thereafter the premium is reduced considerably to ease your responsibility of maintaining the policies and ensure that you get the SUKH, which you deserve the most. Salient Features of Magic Plan - Bhavishya Sukh proposal prepared exclusively for you Rs.837200 * Insurance Term Sum Assured Risk Coverage Annual Premium in first 5 years Annual Premium from year 6 to 15 Estimated Maturity Amount in the year 2026 15 years Rs. 530000 Starting at Rs. 550480 and growing to Rs. 837200 in 15 years Rs. 50595 Rs. 24224 Mr. Harish Tax Saved under Section 80 CCE 168,330.00 Yield On Investments 9.71 * Conditions apply. Refer to illustration page for details Harish Chand LIFE INSURANCE CORPORATION OF INDIA Delhi LIC Agent PH. 09811896425, 09212201725 [email protected] www.delhiLICagent.com Presented by
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Page 1: Premium decrease plan by LIC of India

8/7/2019 Premium decrease plan by LIC of India

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You are the most important member of your family. Your continous ability to earn

income provides comfort and happiness to your family. And right now, you are in a

position to be most productive income earner too. Hence, it is very critical that you get

a long term protection, together with a flexibility of reducing your premium liability after

a short term.

Presenting Magic Plan - Bhavishya Sukh

an insurance proposition for yourself, which will enable you to get covered for a long

period of 15 years. To make your life easier, you are required to pay high premium only

for the first five years – the period when you can afford the most. Thereafter the

premium is reduced considerably to ease your responsibility of maintaining the policies

and ensure that you get the SUKH, which you deserve the most.

Salient Features of 

Magic Plan - Bhavishya Sukh proposal prepared exclusively for you

Rs.837200 *

Insurance Term

Sum Assured

Risk Coverage

Annual Premium in first 5 years

Annual Premium from year 6 to 15

Estimated Maturity Amount in the year 2026

15 years

Rs. 530000

Starting at Rs. 550480 and

growing to Rs. 837200 in 15 years

Rs. 50595

Rs. 24224

Mr. Harish

Tax Saved under Section 80 CCE 168,330.00

Yield On Investments 9.71

* Conditions apply. Refer to illustration page for details

Harish Chand

LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725

[email protected]

www.delhiLICagent.com

Presented by

Page 2: Premium decrease plan by LIC of India

8/7/2019 Premium decrease plan by LIC of India

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LIFE INSURANCE CORPORATION OF INDIA 

Harish Chand

Delhi LIC Agent

PH. 09811896425, 09212201725

[email protected]

www.delhiLICagent.com

MagicPlan - Bhavishya Sukh

Age :25/01/1983

(1st Five years)

Quotation Ref.No. :

 Proposer’s Name :

 Sum Proposed :

 

530000

Mr. Harish

Bhavishya

Yearly Premium

Proposer’s DOB

Quotation Date :

 :

 :

 

50595

28 (ANB)

25/01/2011

Sec.80 CCE Invt. Lmt. :

 

:

 

33.99 %Sec.80 CCE Tax Rebate100000

Insurance Details

Year

Returns

From LIC

Net

Premium

Tax

Saved

Yearly

PremiumAge

Total Loan

Available

New Loan

AvailableNormal Accident

Risk Cover

2011 28 550480 50595 17198 0 0 0333971080480

2012 29 570960 50595 17198 0 0 0333971100960

2013 30 591440 50595 17198 0 58500 58500333971121440

2014 31 611920 50595 17198 0 47500 106000333971141920

2015 32 632400 50595 17198 0 39000 145000333971162400

2016 33 652880 24224 8234 0 30000 175000159901012880

2017 34 673360 24224 8234 0 30500 205500159901033360

2018 35 693840 24224 8234 0 34750 240250159901053840

2019 36 714320 24224 8234 0 39000 279250159901074320

2020 37 734800 24224 8234 0 44500 323750159901094800

2021 38 755280 24224 8234 0 50750 374500159901115280

2022 39 775760 24224 8234 0 61750 436250159901135760

2023 40 796240 24224 8234 0 70000 506250159901156240

2024 41 816720 24224 8234 0 78750 585000159901176720

2025 42 837200 24224 8234 0 109750 694750159901197200

2026 43 0 0 0 837200 0 000

837200495215 168330 326885

The returns shown in this illustration have been calculated on the basis of the interim bonus rates declared by LIC for 

the year ended 31-Mar-2010. Actual results may deviate depending on future bonuses declared by LIC

u

The Loan figures shown in this chart are calculated on the current surrender value ratesu

The effective yield in the above proposal works out to 9.71 % (calculated as per IRR method)u

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LIFE INSURANCE CORPORATION OF INDIA 

Harish Chand

Delhi LIC Agent

PH. 09811896425, 09212201725

[email protected]

www.delhiLICagent.com

MagicPlan - Bhavishya Sukh

Age :25/01/1983

(1st Five years)

Quotation Ref.No. :

 Proposer’s Name :

 Sum Proposed :

 

530000

Mr. Harish

Bhavishya

Yearly Premium

Proposer’s DOB

Quotation Date :

 :

 :

 

50595

28 (ANB)

25/01/2011

Sec.80 CCE Invt. Lmt. :

 

:

 

33.99 %Sec.80 CCE Tax Rebate100000

Plan Details

Yly.Hly.Qly.Mly.

ECS

Mly.FAB

#Assu

Step

Rate

* Bonus

RateDAB

SumSumPlan/Tm/PPT

Sr.

No.

P R E M I U MInterim

Bonus

Rate

262011330667552366225204017000017000048/15/51 40

238641212261562158205203836000036000014/15/152 38

50065254281291145244304530000530000

'*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2011

'#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.

1.

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