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Magic Plan Retire and Enjoy II
JUST INVEST 4500* MONTHLY AND EARN UPTO 1 CRORE (NO.1 SELLING RETIREMENT PLAN) THIS IS THE RIGHT TIME, DO NOT HESITATE TIME WILL NOT WAIT CONTACT US FOR YOUR AGE CALCULATION. Magic-Plan Retire & Enjoy II 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. The benefits shown in this presentation have been calculated on the basis of interim bonuses declared by LIC for the year ended 31-Mar-2009. Actual results may deviate depending on the future bonuses declared by LIC. Loan calculation is done on the basis of present surrender value rates. Please download the attached PDF
For example In this Insurance proposal you will need to make premium payments of Rs.4486/- per month and Rs.53835/- per annum. from your own funds till your age of 54 years (In this example your age is 27). (premium increases as your age increase and decreases as you age decreases) Contact us for your age calculation and suitable plan selection.
when you will be 55 years of age, you will start receiving annual amount of 261888/- ( 2.6 Lakhs) and keep on increasing till you reach 75 years of your age. This is clearly
The total amount received from LIC will be 1,01,57,311/- ( 1 Crore 1 Lakh 57 thousand and 2 hundred eleven only).
This proposal provides a high risk cover of Rs.21,98,700/- (Nearly 22 Lakhs) starting at age 24 and growing to Rs.7561600/- at age 59.
Please Note: The Magic Plan is a group of LIC Policys for getting maximum returns + high risk cover.
After completing 75 Years you life is covered for total Sum Assured of 21 lakhs till death or 100 years Long live. Top
Jeevan Tarang
Introduction
This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5 % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
Accumulation Period
The plan offers three Accumulation periods - 10, 15 and 20 years. A proposer may choose any of them.
Payment of Premium
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly (by ECS ) intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy. Please download the attached PDF
For example: Sri/Smt thara takes Jeevan Tarang policy for a sum assured of 5,00,000/and her age is 23 now. Smt thara needs to pay 2881/- monthly or Rs.33861/- yearly for the next 15 years. On 15th year she will get 3,45,000/- from LIC of INDIA and from 16th year onwards Smt thara will get 27,500/- every year till her life time.
Note: 5 % considered to be very high after 20 years. Here LIC assures to pay to you till your life time which is fixed . . One of the Best selling policy. For Single Premium and for you age calculation Do contact us . Top
cease immediately. The returns, however will be received in the years as indicated in this MagicPlan. Please download the attached PDF
For example: In this LIC Proposal. Mr Ravi wants to secure the future of his child Master Gowtham.
Mr Ravi needs to pay 44,751/- for the next 15 years. From 16th year onwards Mr Ravi will receive the below benefits as shown below.
Estimated Amount from LIC to Mr Ravi 2,35,602 1,13,792 1,20,272 1,26,612 7,28,190
The total amount received from LIC OF India will be 13.98 Lakhs in the above policy Top
In this plan, premium needs to be paid till the end of the policy tenure. The Sum
Assured + the Loyalty Additions would be paid as Maturity Benefit irrespective of whether the Life Insured is alive or not.
However, if the Life Insured, i.e. the parent dies within the policy tenure, the basic Sum Assured is paid as Immediate Death Benefit and the policy continues. There is a further payment of 10% of the Sum Assured every year from the date of death of the Life Insured till the end of the policy tenure as Income Benefit. The Maturity Benefit is paid when the policy tenure is over.
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