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    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    Jeevan Saral Plan Presentation: Harish Chand

    Uploaded by

    Harish Chand
    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    of 3

    HARISH CHAND

    Sample Report For Demonstration Purpose Only

    205-206, C-Wing, Crystal Plaza,New Link Road,


    Andheri(W), Mumbai - 400 053.
    Tel: 4060 1000 Fax:4060 1226.
    e-mail. support@datacompwebtech.com

    Jeevan Saral Plan Presentation


    Date : 21/06/2010
    HIGHLIGHTS

    LIC’s Jeevan Saral is a unique plan having good features of the conventional plans and
    the flexibility of unit linked plans. To the policyholder it provides —
    · higher cover
    · a smooth return,
    · liquidity and
    · a lot of flexibility

    BENEFITS:
    On death:
    · 250 times the monthly premium, plus
    · return of premiums excluding extra/rider premium and first year premium,
    plus
    · the loyalty addition, if any.
    On Maturity:
    · Maturity sum assured, plus
    · The Loyalty Additions, if any

    Special Features:
    · High risk cover at low premium
    · Extended risk cover for one year after 3 years premium payment.
    · Optional higher cover through Term Riders
    · The policyholder can choose a maximum term but can surrender at any time
    without any surrender penalty or loss after 5 years
    · Any number of withdrawals through partial surrendering

    ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:


    · Age at entry : Minimum 12 (completed) and maximum 60 years nearest
    · Age at maturity: Maximum 70 years.
    · Term : All terms from 10 to 35 years.
    · Premium : Minimum premium of Rs.250/- per month for entry age
    upto 49 years and Rs.400/- per month for entry age 50
    years and above. There will be no limit on the maximum
    premium per month.
    · Mode : Yearly, Half-yearly, Quarterly and Monthly under Salary
    Saving Scheme

    In case of term rider, minimum and maximum age at entry will be 18 and 50 years
    respectively. Further minimum sum assured will be Rs.1 lakh.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.
    HARISH CHAND
    Sample Report For Demonstration Purpose Only

    205-206, C-Wing, Crystal Plaza,New Link Road,


    Andheri(W), Mumbai - 400 053.
    Tel: 4060 1000 Fax:4060 1226.
    e-mail. support@datacompwebtech.com

    Jeevan Saral Plan Presentation


    Jeevan Saral Plan Continued ... Pg. 2

    Name
    Mr.:Mukesh Ram Age : 27 years

    Term :
    20 Years Mode : Yearly

    Premium Budget p. m. : 2000 Installment Premium : 23520

    Term Rider : 0 Term Rider Premium : 0

    DAB : 500000 DAB Premium : 500

    Total Installment Premium : 24020 Total Annual Premium : 24020

    Section 80 CCE Invst. Limit : 100000 Section 80 CCE Tax Savings : 33.99 %

    Risk Cover Benefits

    DEATH BENEFIT

    Variable Total
    Annual Tax Nett Total
    Year Age Premium Saved Premium Premium Paid Guaranteed Scenario1 Scenario2 Scenario1 Scenario2
    2010 27 24020 8164 15856 15856 500000 0 0 500000 500000
    2011 28 24020 8164 15856 31712 524000 0 0 524000 524000
    2012 29 24020 8164 15856 47568 548000 0 0 548000 548000
    2013 30 24020 8164 15856 63424 572000 0 0 572000 572000
    2014 31 24020 8164 15856 79280 596000 0 0 596000 596000
    2015 32 24020 8164 15856 95136 620000 0 0 620000 620000
    2016 33 24020 8164 15856 110992 644000 0 0 644000 644000
    2017 34 24020 8164 15856 126848 668000 0 0 668000 668000
    2018 35 24020 8164 15856 142704 692000 0 0 692000 692000
    2019 36 24020 8164 15856 158560 716000 35000 90000 751000 806000
    2020 37 24020 8164 15856 174416 740000 40000 100000 780000 840000
    2021 38 24020 8164 15856 190272 764000 45500 115000 809500 879000
    2022 39 24020 8164 15856 206128 788000 51500 137500 839500 925500
    2023 40 24020 8164 15856 221984 812000 58000 167500 870000 979500
    2024 41 24020 8164 15856 237840 836000 65000 205000 901000 1041000
    2025 42 24020 8164 15856 253696 860000 74000 247500 934000 1107500
    2026 43 24020 8164 15856 269552 884000 86000 297500 970000 1181500
    2027 44 24020 8164 15856 285408 908000 102000 355000 1010000 1263000
    2028 45 24020 8164 15856 301264 932000 123000 422500 1055000 1354500
    2029 46 24020 8164 15856 317120 956000 150000 500000 1106000 1456000

    480400 163280 317120

    Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of
    LIC’s projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.
    The Investible portion of the premium is calculated as per LIC's benefit Illustration.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.
    HARISH CHAND
    Sample Report For Demonstration Purpose Only

    205-206, C-Wing, Crystal Plaza,New Link Road,


    Andheri(W), Mumbai - 400 053.
    Tel: 4060 1000 Fax:4060 1226.
    e-mail. support@datacompwebtech.com

    Jeevan Saral Plan Presentation


    Jeevan Saral Plan Continued ... Pg. 3

    Name
    Mr.:Mukesh Ram Age : 27 years

    Term :
    20 Years Mode : Yearly

    Premium Budget p. m. : 2000 Installment Premium : 23520

    Term Rider : 0 Term Rider Premium : 0

    DAB : 500000 DAB Premium : 500

    Total Installment Premium : 24020 Total Annual Premium : 24020

    Section 80 CCE Invst. Limit : 100000 Section 80 CCE Tax Savings : 33.99 %

    Maturity / Surrender Value Benefits

    MATURITY / SURRENDER VALUE BENEFIT

    Variable Total
    Annual Tax Nett Total
    Year Age Premium Saved Premium Premium Paid Guaranteed Scenario1 Scenario2 Scenario1 Scenario2
    2010 27 24020 8164 15856 15856 0 0 0 0 0
    2011 28 24020 8164 15856 31712 0 0 0 0 0
    2012 29 24020 8164 15856 47568 41008 0 0 41008 41008
    2013 30 24020 8164 15856 63424 65628 0 0 65628 65628
    2014 31 24020 8164 15856 79280 94660 0 0 94660 94660
    2015 32 24020 8164 15856 95136 117860 0 0 117860 117860
    2016 33 24020 8164 15856 110992 142040 0 0 142040 142040
    2017 34 24020 8164 15856 126848 167280 0 0 167280 167280
    2018 35 24020 8164 15856 142704 193780 0 0 193780 193780
    2019 36 24020 8164 15856 158560 222140 35000 90000 257140 312140
    2020 37 24020 8164 15856 174416 252360 40000 100000 292360 352360
    2021 38 24020 8164 15856 190272 282840 45500 115000 328340 397840
    2022 39 24020 8164 15856 206128 315580 51500 137500 367080 453080
    2023 40 24020 8164 15856 221984 350740 58000 167500 408740 518240
    2024 41 24020 8164 15856 237840 389180 65000 205000 454180 594180
    2025 42 24020 8164 15856 253696 421300 74000 247500 495300 668800
    2026 43 24020 8164 15856 269552 453560 86000 297500 539560 751060
    2027 44 24020 8164 15856 285408 486720 102000 355000 588720 841720
    2028 45 24020 8164 15856 301264 519940 123000 422500 642940 942440
    2029 46 24020 8164 15856 317120 553100 150000 500000 703100 1053100

    480400 163280 317120

    Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of
    LIC’s projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.
    The Investible portion of the premium is calculated as per LIC's benefit Illustration.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

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