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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
www.delhiLICagent.com
Presented by
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LIFE INSURANCE CORPORATION OF INDIA
Harish Chand
Delhi LIC Agent
PH. 09811896425, 09212201725
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
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.
2.