Insurance Proposal for

Mr. Sanjay Bisht

for Annual Income of Rs. 300000/-

from age 55 to 75

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

Overview of Insurance & Retirement Plan for

Mr. Sanjay Bisht

The objective of this proposal is to provide financial security to your family during your
productive span and a happy independent retired lifestyle for yourself and your spouse
when you decide to retire.

Under this insurance proposal you will need to make

premium payments of Rs.55582/- p.a. from your own
funds till your age of 54 years. This proposal provides for
a high riskcover of Rs.2246750/- starting at age 27 and
growing to Rs.6256500/- at age 55.

In the year 2039 when you will be 55 years of age, you

will start receiving annual tax free income every year till
75 years of your age. Income starts at Rs. 330030 per
annum and increases by approximately 0.00 % every
year to take care of inflating costs of living. There is a
provision of risk cover during this period too. In case of
death during this period lump sum amount corresponding
to the prevailing risk cover will be paid to your nominee.

No premiums are payable from own fund after deferment

period, that is, after age 54.

In the event of any emergency or financial difficulties,

there is a provision under this Magic Plan to provide loan
against the insurance policy. The loan is available after 2
years of completion of the policy and payment of 3 yearly
premiums.

Premiums are available for exemption under sec.80 CCE of

income tax act upto Rs.100000/- per annum.

Disclaimer
u Magic-Plan Retire & Enjoy 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.
u The benefits shown in this presentation have been calculated on the basis of interim bonuses declared by LIC for the year
ended 31-Mar-2010. Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.
u The effective yield in the above proposal works out to 8.86 % (calculated as per IRR method).
 Harish Chand
LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : Hr002 Quotation Date : 16/01/2011

Proposer’s Name : Mr. Sanjay Bisht Proposer’s Age : 27 (nearer birthday)

Sum Proposed : 2150000 Yearly Premium : 55582

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Benefits During Deferment Period

Risk Cover Yearly Tax Net Loan

Year Age Premium Saved Premium Available
Normal Accident
2011 27 2246750 2746750 55582 18891 36691 0
2012 28 2343500 2843500 55582 18891 36691 0
2013 29 2440250 2940250 55582 18891 36691 14250
2014 30 2537000 3037000 55582 18891 36691 57000
2015 31 2633750 3133750 55582 18891 36691 79000
2016 32 2730500 3230500 55582 18891 36691 103500
2017 33 2827250 3327250 55582 18891 36691 132000
2018 34 2924000 3424000 55582 18891 36691 163000
2019 35 3020750 3520750 55582 18891 36691 198000
2020 36 3117500 3617500 55582 18891 36691 237500
2021 37 3214250 3714250 55582 18891 36691 281750
2022 38 3311000 3811000 55582 18891 36691 330500
2023 39 3407750 3907750 55582 18891 36691 384750
2024 40 3504500 4004500 55582 18891 36691 445000
2025 41 3622750 4122750 55582 18891 36691 512500
2026 42 3730250 4230250 55582 18891 36691 587000
2027 43 3837750 4337750 55582 18891 36691 669250
2028 44 3945250 4445250 55582 18891 36691 759000
2029 45 4052750 4552750 55582 18891 36691 860000
2030 46 4171000 4671000 55582 18891 36691 969750
2031 47 4289250 4789250 55582 18891 36691 1088000
2032 48 4450500 4950500 55582 18891 36691 1218750
2033 49 4697750 5197750 55582 18891 36691 1360250
2034 50 4966500 5466500 55582 18891 36691 1516000
2035 51 5278250 5778250 55582 18891 36691 1688750
2036 52 5590000 6090000 55582 18891 36691 1879750
2037 53 5923250 6423250 55582 18891 36691 2093000
2038 54 6256500 6756500 55582 18891 36691 2328000

1556296 528948 1027348

* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
 Harish Chand
LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : Hr002 Quotation Date : 16/01/2011

Proposer’s Name : Mr. Sanjay Bisht Proposer’s Age : 27 (nearer birthday)

Sum Proposed : 2150000 Yearly Premium : 55582

Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 33.99 %

Benefits during the Retirement Period

Returns From LIC

Risk Cover Yearly Tax Net Desired Amount Used for Net Loan
Year Age Normal Accident Premium Saved Premium Income Received Prem. Pymt. Receivable Available

2039 55 6331625 6831625 51081 17361 33720 300000 363750 33720 330030 2330500
2040 56 6447500 6947500 47119 16014 31105 300000 352475 31105 321370 2343250
2041 57 6641000 7141000 43489 14780 28709 300000 357500 28709 328791 2355750
2042 58 6808000 7308000 40325 13705 26620 300000 349500 26620 322880 2382500
2043 59 7006000 7506000 37287 12672 24615 300000 374000 24615 349385 2403000
2044 60 6995000 7495000 34370 11681 22689 300000 403500 22689 380811 2416500
2045 61 6945000 7445000 31560 10726 20834 300000 423000 20834 402166 2422750
2046 62 6921000 7421000 28852 9806 19046 300000 442500 19046 423454 2419250
2047 63 6848000 7348000 26241 8919 17322 300000 467000 17322 449678 2408500
2048 64 6781000 7281000 23722 8063 15659 300000 491500 15659 475841 2387750
2049 65 6655000 7155000 21285 7235 14050 300000 521000 14050 506950 2354750
2050 66 6470000 6970000 18926 6433 12493 300000 550500 12493 538007 2311500
2051 67 6026000 6526000 16640 5656 10984 300000 580000 10984 569016 2254750
2052 68 5573000 6073000 14427 4904 9523 300000 584500 9523 574977 2188000
2053 69 5111000 5611000 12277 4173 8104 300000 589000 8104 580896 2107000
2054 70 4640000 4640000 10185 3462 6723 300000 593500 6723 586777 2007250
2055 71 4160000 4160000 8051 2737 5314 300000 598000 5314 592686 1892250
2056 72 3671000 3671000 5970 2030 3940 300000 602500 3940 598560 1751250
2057 73 3173000 3173000 3938 1339 2599 300000 607000 2599 604401 1588750
2058 74 2666000 2666000 1950 663 1287 300000 611500 1287 610213 1394000
2059 75 2150000 2150000 0 0 0 300000 616000 0 616000 1166750

477695 10478225 315336 10162889

u Magic-Plan Retire & Enjoy 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.
u The benefits shown in this presentation have been calculated on the basis of interim bonuses declared by LIC for the year
ended 31-Mar-2010 . Actual results may deviate depending on the future bonuses declared by LIC.
u Loan calculation is done on the basis of present surrender value rates.

u The Riskcover of Rs. 2,150,000.00 will continue till life time.

u The effective yield in the above proposal works out to 8.86 % (calculated as per IRR method).
u IRR does not consider the death benefit after age 75.
 Harish Chand
LIFE INSURANCE CORPORATION OF INDIA

Delhi LIC Agent

PH. 09811896425, 09212201725
help@delhilicagent.com
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - II

Quotation Ref.No. : Hr002 Quotation Date : 16/01/2011

Proposer’s Name : Mr. Sanjay Bisht Proposer’s Age : 27 (ANB)

Sum Proposed : 2150000

Benefits After Retirement Age

Risk Cover
Year Age Normal Accident Cash Value Loan Available

2060 76 2150000 2150000 1329130 1198250

2061 77 2150000 2150000 1359660 1225250
2062 78 2150000 2150000 1389330 1252250
2063 79 2150000 2150000 1418570 1278750
2064 80 2150000 2150000 1446950 1301250
2065 81 2150000 2150000 1474470 1327750
2066 82 2150000 2150000 1501345 1349500
2067 83 2150000 2150000 1527360 1375750
2068 84 2150000 2150000 1552515 1397500
2069 85 2150000 2150000 1577025 1419000
2070 86 2150000 2150000 1600460 1440500
2071 87 2150000 2150000 1623250 1462000
2072 88 2150000 2150000 1645180 1478500
2073 89 2150000 2150000 1667110 1499750
2074 90 2150000 2150000 1688180 1520750
2075 91 2150000 2150000 1709680 1537500
2076 92 2150000 2150000 1730965 1558500
2077 93 2150000 2150000 1752895 1580000
2078 94 2150000 2150000 1780845 1602000
2079 95 2150000 2150000 1805355 1623750
2080 96 2150000 2150000 1851795 1666500
2081 97 2150000 2150000 1897160 1708750
2082 98 2150000 2150000 2001650 1800750
2083 99 2150000 2150000 2075825 1870000
2084 100 2150000 2150000 0 0