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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 Anand: Harish Chand

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    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 4

    Harish Chand

    Delhi LIC Agent


    577, GH-9, PASCHIM VIHAR
    NEW DELHI- 110087
    INDIA, 9811896425, 9212201725
    www.delhiLICagent.com

    Jeevan Anand
    . . . . a life free of worries

    25/12/2010

    Illustration specially customized for Mr. Harish Chand Aged 29 Years.

    Jeevan Anand is an innovative insurance product from Life Insurance Corporation of India,
    which combines the benefits of an Endowment Policy and a Whole Life Policy.

    Under this plan you pay premiums for a limited period. During the premium paying period
    you are covered to the extent of the sum assured and the bonuses that vest on this
    policy. After the premium term is over the sum assured together with accumulated
    bonuses and final additional bonus (if any) become payable to you free of any income tax.

    The highlight of this plan is that even after the maturity of the policy the coverage on your
    life continues for your lifetime to the extent of the sum assured without the payment of
    any further premiums.

    General Terms of this Plan


    Minimum Age At Entry
    18 years completed
    Maximum Age At Entry

    65 years (Age Nearer Birthday)

    Maximum Premium
    Ceasing Age

    75 years (Age Nearer Birthday)

    Premium Paying Term

    5 years to 57 years

    Minimum Sum Assured

    Rs. 1,00,000

    Maximum Sum Assured

    No Limit

    Double Accident
    Benefit

    Exclusively available upto Rs.5,00,000 during the Premium


    paying term and thereafter upto age 70. No additional
    premium is required to be paid

    Loans

    Available after payment of 3 full years premiums

    Harish Chand
    Delhi LIC Agent
    577, GH-9, PASCHIM VIHAR
    NEW DELHI- 110087
    INDIA, 9811896425, 9212201725
    www.delhiLICagent.com

    A Proposal Jeevan Anand for you

    Sum Proposed

    : Rs.500000

    Premium Payable For

    : 16 Years

    Premium Payable

    Basic Premium

    : Rs.35601

    Rider Premiums

    : Rs.0

    Total Premium

    Assumed Bonus Rate

    *
    : 47

    Step Rate

    Interim Bonus Rate

    Sec.80 CCE Inv. Limit

    : 41

    : Rs.100000

    : Yearly
    : Rs. 35601
    #
    :0

    Sec.80 CCE Tax Rebate

    : 33.99%

    Insurance Facts

    Risk Cover
    Age

    Normal

    Accident

    Annual
    Premium

    Nett
    Premium

    Returns
    From L.I.C.

    New Loan
    Available

    Total Loan
    Available

    2010

    29

    520500

    1020500

    35601

    2011

    30

    541000

    1041000

    35601

    12101

    23500

    12101

    23500

    2012

    31

    570500

    1070500

    35601

    12101

    23500

    34500

    34500

    2013

    32

    594000

    2014

    33

    617500

    1094000

    35601

    12101

    23500

    30750

    65250

    1117500

    35601

    12101

    23500

    27000

    2015

    34

    92250

    641000

    1141000

    35601

    12101

    23500

    30750

    123000

    2016
    2017

    35

    664500

    1164500

    35601

    12101

    23500

    35000

    158000

    36

    688000

    1188000

    35601

    12101

    23500

    37000

    195000

    2018

    37

    711500

    1211500

    35601

    12101

    23500

    41500

    236500

    2019

    38

    735000

    1235000

    35601

    12101

    23500

    47250

    283750

    2020

    39

    758500

    1258500

    35601

    12101

    23500

    54000

    337750

    2021

    40

    782000

    1282000

    35601

    12101

    23500

    61500

    399250

    2022

    41

    805500

    1305500

    35601

    12101

    23500

    73750

    473000

    2023

    42

    829000

    1329000

    35601

    12101

    23500

    84000

    557000

    2024

    43

    862500

    1362500

    35601

    12101

    23500

    95000

    652000

    2025

    44

    888500

    1388500

    35601

    12101

    23500

    107750

    759750

    2026

    45

    500000

    1000000

    888500

    81250

    81250

    2027

    46

    500000

    1000000

    4750

    86000

    2028

    47

    500000

    1000000

    4750

    90750

    2029

    48

    500000

    1000000

    5000

    95750

    2030

    49

    500000

    1000000

    5250

    101000

    2031

    50

    500000

    1000000

    5500

    106500

    2032

    51

    500000

    1000000

    5500

    112000

    2033

    52

    500000

    1000000

    5750

    117750

    2034

    53

    500000

    1000000

    4750

    122500

    2035

    54

    500000

    1000000

    7000

    129500

    2036

    55

    500000

    1000000

    6250

    135750

    2037

    56

    500000

    1000000

    6250

    142000

    2038

    57

    500000

    1000000

    6250

    148250

    2039

    58

    500000

    1000000

    6500

    154750

    2040

    59

    500000

    1000000

    6750

    161500

    2041

    60

    500000

    1000000

    6500

    168000

    2042

    61

    500000

    1000000

    7000

    175000

    2043

    62

    500000

    1000000

    6750

    181750

    Year

    Tax
    Saved

    2044

    63

    500000

    1000000

    7000

    188750

    2045

    64

    500000

    1000000

    7000

    195750

    2046

    65

    500000

    1000000

    7000

    202750

    2047

    66

    500000

    1000000

    7000

    209750

    2048

    67

    500000

    1000000

    7000

    216750

    2049

    68

    500000

    1000000

    7000

    223750

    2050

    69

    500000

    1000000

    7000

    230750

    2051

    70

    500000

    500000

    7000

    237750

    2052

    71

    500000

    500000

    7000

    244750

    2053

    72

    500000

    500000

    7000

    251750

    2054

    73

    500000

    500000

    6750

    258500

    2055

    74

    500000

    500000

    6750

    265250

    2056

    75

    500000

    500000

    6500

    271750

    2057

    76

    500000

    500000

    6500

    278250

    2058

    77

    500000

    500000

    6250

    284500

    2059

    78

    500000

    500000

    6250

    290750

    2060

    79

    500000

    500000

    6250

    297000

    2061

    80

    500000

    500000

    5750

    302750

    2062

    81

    500000

    500000

    5750

    308500

    2063

    82

    500000

    500000

    5750

    314250

    2064

    83

    500000

    500000

    5500

    319750

    2065

    84

    500000

    500000

    5250

    325000

    2066

    85

    500000

    500000

    5000

    330000

    2067

    86

    500000

    500000

    5000

    335000

    2068

    87

    500000

    500000

    4750

    339750

    2069

    88

    500000

    500000

    4500

    344250

    2070

    89

    500000

    500000

    4750

    349000

    2071

    90

    500000

    500000

    4250

    353250

    2072

    91

    500000

    500000

    4500

    357750

    2073

    92

    500000

    500000

    4500

    362250

    2074

    93

    500000

    500000

    4750

    367000

    2075

    94

    500000

    500000

    5750

    372750

    2076

    95

    500000

    500000

    5000

    377750

    2077

    96

    500000

    500000

    9750

    387500

    2078

    97

    500000

    500000

    9500

    397000

    2079

    98

    500000

    500000

    22000

    419000

    2080

    99

    500000

    500000

    2081

    100

    500000

    500000

    569616

    193616

    376000

    888500

    Harish Chand
    Delhi LIC Agent
    577, GH-9, PASCHIM VIHAR
    NEW DELHI- 110087
    INDIA, 9811896425, 9212201725
    www.delhiLICagent.com

    Benefits Summary*
    Minimum Risk Cover (Normal)

    Rs. 520500

    Minimum Risk Cover (Accidental)

    Rs. 1020500

    Maximum Risk Cover (Normal)

    Rs. 888500

    Maximum Risk Cover (Accidental)

    Rs. 1388500

    Annual Tax Savings (Sec. 80 CCE)

    Rs. 12101

    Total Premium to be paid

    Rs. 569616

    Maturity Amount in 2026

    Rs. 888500

    Free Risk Cover from 2026


    onwards for Lifetime

    Rs. 500000

    Free additional accidental cover


    from 2026 to 2051 ,when you
    reach age of 70 yrs

    Rs. 500000

    1. '*' : - Assuming that LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2011
    2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.

    The above statement is based on certain assumptions which are


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

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