Section - 37 of LIC act 1956

The sum assured by all policies issued by the corporation including any bonuses
declaired in respect their and, subject to the provision contained in section - 14 the
amount assured by all policies issued by any insurer the liabilities under which have
vested in corporation under this act and all bonuses declared in respect there of,
whether before or after the appointed day shall be guarenteed as to payment in cash
by the central government.
If you can trust on currency note

You Can Trust LIC Policy

Both are Guranteed for Payment by

Government of India
Proposal For : Mr Bhushan Badhe
SWAPNIL BANKAR
DEVELOPMENT OFFICER
LIFE INSURANCE CORPORATION OF INDIA
Tel. No :- 09987527407

Believe the Name is LIC

Page No :

SWAPNIL BANKAR
DEVELOPMENT OFFICER
LIFE INSURANCE CORPORATION OF INDIA
Tel. No :- 09987527407
Name: Mr Bhushan Badhe

Age: 29

Date: 22/11/2014

Plan Description

Plan Name

New Jeevan Anand

Introduction :
LIC has introduced LICs NEW JEEVAN ANAND, a With- Profits Assurance plan (Plan No.815)
8th January 2014.
The Unique Identification Number (UIN) for LICs New Jeevan Anand Plan is 512N279V01.
This is a combination of Endowment and Whole Life Assurance Plan, Wherein the Premium
during the selected Policy Term. The Benefits and Other Details of the Plan are given below.
Minimum Age at Entry
- 18 years (completed)
Maximum Age at Entry
- 50 years (nearest birthday)
Maximum Age at Maturity - 75 years (nearest years)
Mode of Premium Pay - Single Premium Only
Minimum Sum Assured - Rs. 100000/Maximum Sum Assured - No Limit
Terms Allowed
- 15 - 35 y.

Features :
1. Maturity Benefit: On survival to the end of the Policy Term, Basic Sum Assured along with vested simple
reversionary bonuses and Final (Additional) bonus, if any, shall be Payable.
2. Death Benefit: On Death during the Policy Term: The Death Benefit, defined as sum of Sum Assured on
Death, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.
3. Policy Surrender: The Policy can be surrendered at any time provided Premiums for at least three full years
have been paid.
4. Loan facility is available under this Plan after payment of Premiums for at least 3 full years.
5. Backdating: Backdating of Policy is allowed.
6. Service Tax: Taxes including Service Tax, if any, shall be as per the Tax laws and the rate of tax shall be as
applicable from time to tim

Page No :

with

is

effect

paid

from

regularly

SWAPNIL BANKAR
DEVELOPMENT OFFICER
LIFE INSURANCE CORPORATION OF INDIA
Tel. No :- 09987527407
Name: Mr Bhushan Badhe

Age: 29

Date: 22/11/2014

Presentation Details
Plan Name

Plan
815

Term /
PPT

Sum
Assured

35/35

New Jeevan Anand

Total :

Bonus

400000 48

Mode

Total
Prem's Paid

Premium

Yly

12725

400000

12725

Maturity
Amount

Maturity
Year
2049

438915

1992000

438915

Note: The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies.

Rider Details
Plan

Term

PPT

Rider Name

Rider Sum Rider Term

815

35

35

Double Accident Benefit

400000

Rider
Premium

35

Total :

Total Prem's
Paid
400

14000

400

14000

Agents Copy

Sr.
No.

DOC

1 22/11/2014
Total :

Pln / Tm /
PPT
815/35/35

Sum
Assured
400000

Mode
SSS

Single

Per Day

1082

1082

34.86

1082

1082

34.86

Yearly

Half .

Quat.

Month.

12725

6429

3247

6429

3247

12725

Page No :

No of
Inst.
0

SWAPNIL BANKAR
DEVELOPMENT OFFICER
LIFE INSURANCE CORPORATION OF INDIA
Tel. No :- 09987527407
Name: Mr Bhushan Badhe

Age: 29

Date: 22/11/2014

Projected Cash Flow

Tax Slab: 30%
Year

Age

Normal
Riskcover

Accident
Riskcover

Annual
Premium

Tax
Saved

Net
Premium

Returns from
LIC

Net Returns

Surrender
Value

Total Loan
Available

2014

29

519200

919200

12725

3818

8907

-8907

2015

30

538400

938400

12535

3761

8774

-8774

2016

31

557600

957600

12535

3761

8774

-8774

7395

4437

2017

32

576800

976800

12535

3761

8774

-8774

17653

10592

2018

33

596000

996000

12535

3761

8774

-8774

24144

14487

2019

34

615200

1015200

12535

3761

8774

-8774

30996

18598

2020

35

634400

1034400

12535

3761

8774

-8774

38255

22953

2021

36

653600

1053600

12535

3761

8774

-8774

45935

27561

2022

37

672800

1072800

12535

3761

8774

-8774

54110

32466

2023

38

692000

1092000

12535

3761

8774

-8774

62809

37685

2024

39

711200

1111200

12535

3761

8774

-8774

72073

43244

2025

40

730400

1130400

12535

3761

8774

-8774

82004

49203

2026

41

749600

1149600

12535

3761

8774

-8774

92616

55569

2027

42

768800

1168800

12535

3761

8774

-8774

104550

62730

2028

43

796000

1196000

12535

3761

8774

-8774

120289

72174

2029

44

817200

1217200

12535

3761

8774

-8774

137695

82617

2030

45

838400

1238400

12535

3761

8774

-8774

156885

94131

2031

46

859600

1259600

12535

3761

8774

-8774

178085

106851

2032

47

884800

1284800

12535

3761

8774

-8774

201380

120828

2033

48

912000

1312000

12535

3761

8774

-8774

227083

136250

2034

49

943200

1343200

12535

3761

8774

-8774

255297

153178

2035

50

982400

1382400

12535

3761

8774

-8774

286380

171828

2036

51

1041600

1441600

12535

3761

8774

-8774

320454

192272

2037

52

1100800

1500800

12535

3761

8774

-8774

357922

214753

2038

53

1160000

1560000

12535

3761

8774

-8774

399152

239491

2039

54

1219200

1619200

12535

3761

8774

-8774

444388

266633

2040

55

1286400

1686400

12535

3761

8774

-8774

488062

292837

2041

56

1353600

1753600

12535

3761

8774

-8774

536727

322036

2042

57

1420800

1820800

12535

3761

8774

-8774

591181

354709

2043

58

1516000

1916000

12535

3761

8774

-8774

652651

391590

2044

59

1615200

2015200

12535

3761

8774

-8774

722294

433376

2045

60

1734400

2134400

12535

3761

8774

-8774

806650

483990

2046

61

1853600

2253600

12535

3761

8774

-8774

901128

540677

2047

62

1972800

2372800

12535

3761

8774

-8774

1007288

604373

2048

63

2092000

2492000

12535

3761

8774

-8774

1126913

676148

2049

64

400000

400000

1992000

1992000

173960

104376

2050

65

400000

400000

180120

108072

2051

66

400000

400000

186480

111888

2052

67

400000

400000

192720

115632

2053

68

400000

400000

198960

119376

2054

69

400000

400000

205200

123120

2055

70

400000

400000

211400

126840

2056

71

400000

400000

217560

130536

2057

72

400000

400000

223680

134208

2058

73

400000

400000

229720

137832

Page No :

SWAPNIL BANKAR
DEVELOPMENT OFFICER
LIFE INSURANCE CORPORATION OF INDIA
Tel. No :- 09987527407
Name: Mr Bhushan Badhe

Age: 29

Date: 22/11/2014

2059

74

400000

400000

235680

141408

2060

75

400000

400000

241520

144912

2061

76

400000

400000

247280

148368

2062

77

400000

400000

252960

151776

2063

78

400000

400000

258480

155088

2064

79

400000

400000

263920

158352

2065

80

400000

400000

269200

161520

2066

81

400000

400000

274320

164592

2067

82

400000

400000

279320

167592

2068

83

400000

400000

284160

170496

2069

84

400000

400000

288840

173304

2070

85

400000

400000

293400

176040

2071

86

400000

400000

297760

178656

2072

87

400000

400000

302000

181200

2073

88

400000

400000

306080

183648

2074

89

400000

400000

310160

186096

2075

90

400000

400000

314080

188448

2076

91

400000

400000

318080

190848

2077

92

400000

400000

322040

193224

2078

93

400000

400000

326120

195672

2079

94

400000

400000

331320

198792

2080

95

400000

400000

335880

201528

2081

96

400000

400000

344520

206712

2082

97

400000

400000

352960

211776

2083

98

400000

400000

372400

223440

2084

99

400000

400000

380000

228000

2085

100

400000

400000

438915

131692

307223

2392000

2084777

Total :
Note: (1)

The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies.

Page No :

SWAPNIL BANKAR
DEVELOPMENT OFFICER
LIFE INSURANCE CORPORATION OF INDIA
Tel. No :- 09987527407
Name: Mr Bhushan Badhe

Age: 29

Date: 22/11/2014

Summary

Maximum Risk Cover (Normal)

2092000

Maximum Risk Cover (Accidental)

2492000

Total Premium Paid

438915

Total Tax Saved u/s 80C

131692

NetPremium

307223

Returns (Maturity and Survival)

2392000

Compounded Value Of Returns

2392000

Additional Gain by Loan Recycling

Net Amount In Hand On 22/11/2085

0
2392000
0.00
0.00

Page No :

SWAPNIL BANKAR
DEVELOPMENT OFFICER
LIFE INSURANCE CORPORATION OF INDIA
Tel. No :- 09987527407
Name: Mr Bhushan Badhe

Age: 29

Date: 22/11/2014

Breakup of Returns

400,000

920,000

672,000

Sum Assured & Survival's

Bonus
Final Additional Bonus

Page No :

400000
672000
920000