Insurance Proposal for

Mr. RAKESH CHATURVEDI

for Annual Income of Rs. 172000/-

from age 51 to 75

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

Overview of Insurance & Retirement Plan for

Mr. RAKESH CHATURVEDI

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.45085/- p.a. from your own
funds till your age of 50 years. This proposal provides
for a high riskcover of Rs.1482920/- starting at age 28
and growing to Rs.3530760/- at age 51.

In the year 2033 when you will be 51 years of age, you

will start receiving annual tax free income every year till
75 years of your age. Income starts at Rs. 188888 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 50.

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-2009. 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 8.93 % (calculated as per IRR method).
 Harish Chand
Delhi LIC Agent

577, GH-9, PASCHIM VIHAR

NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - I

Quotation Ref.No. : HC001 Quotation Date : 21/06/2010

Proposer’s Name : Mr. RAKESH CHATURVEDI Proposer’s Age : 28 (nearer birthday)

Sum Proposed : 1415000 Yearly Premium : 45085

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

Benefits During Deferment Period

Risk Cover Yearly Tax Nett Loan

Year Age Premium Saved Premium Available
Normal Accident
2010 28 1482920 2897920 45085 15325 29760 0
2011 29 1550840 2965840 45085 15325 29760 0
2012 30 1618760 3033760 45085 15325 29760 13250
2013 31 1686680 3101680 45085 15325 29760 51500
2014 32 1754600 3169600 45085 15325 29760 73500
2015 33 1822520 3237520 45085 15325 29760 96250
2016 34 1890440 3305440 45085 15325 29760 121750
2017 35 1958360 3373360 45085 15325 29760 148750
2018 36 2026280 3441280 45085 15325 29760 179250
2019 37 2094200 3509200 45085 15325 29760 211750
2020 38 2162120 3577120 45085 15325 29760 248000
2021 39 2230040 3645040 45085 15325 29760 288000
2022 40 2297960 3712960 45085 15325 29760 333250
2023 41 2365880 3780880 45085 15325 29760 381750
2024 42 2447100 3862100 45085 15325 29760 435750
2025 43 2528320 3943320 45085 15325 29760 493250
2026 44 2621215 4036215 45085 15325 29760 558750
2027 45 2717010 4132010 45085 15325 29760 629000
2028 46 2819880 4234880 45085 15325 29760 708250
2029 47 2996400 4411400 45085 15325 29760 795750
2030 48 3174520 4589520 45085 15325 29760 894750
2031 49 3352640 4767640 45085 15325 29760 1005500
2032 50 3530760 4945760 45085 15325 29760 1135000

1036955 352475 684480

* The above projection is based on assumptions enumerated on the page titled "Benefits during the Retirement Period".
 Harish Chand
Delhi LIC Agent

577, GH-9, PASCHIM VIHAR

NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - I

Quotation Ref.No. : HC001 Quotation Date : 21/06/2010

Proposer’s Name : Mr. RAKESH CHATURVEDI Proposer’s Age : 28 (nearer birthday)

Sum Proposed : 1415000 Yearly Premium : 45085

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 Nett Desired Amount Used for Nett Loan
Year Age Normal Accident Premium Saved Premium Income Received Prem. Pymt. Receivable Available

2033 51 3481760 4811760 41437 14085 27352 172000 216240 27352 188888 1112000
2034 52 3425000 4675000 38151 12968 25183 172000 213760 25183 188577 1090750
2035 53 3397400 4572400 35197 11964 23233 172000 210000 23233 186767 1070000
2036 54 3360280 4465280 32549 11064 21485 172000 207760 21485 186275 1051000
2037 55 3316160 4356160 30181 10259 19922 172000 203840 19922 183918 1036250
2038 56 3250200 4225200 27899 9483 18416 172000 214760 18416 196344 1015250
2039 57 3180600 4095600 25865 8792 17073 172000 208320 17073 191247 998250
2040 58 3149580 4009580 24062 8179 15883 172000 200200 15883 184317 986000
2041 59 3060380 3865380 22309 7583 14726 172000 210540 14726 195814 969250
2042 60 2988000 3738000 20604 7003 13601 172000 220880 13601 207279 945750
2043 61 2927400 3627400 19046 6473 12573 172000 199200 12573 186627 929250
2044 62 2847000 3497000 17524 5956 11568 172000 209100 11568 197532 907250
2045 63 2746800 3346800 16036 5450 10586 172000 219000 10586 208414 880500
2046 64 2626800 3176800 14580 4955 9625 172000 228900 9625 219275 847750
2047 65 2512000 3012000 13153 4470 8683 172000 238800 8683 230117 810000
2048 66 2372400 2822400 11752 3994 7758 172000 251200 7758 243442 765250
2049 67 2208000 2608000 10376 3526 6850 172000 263600 6850 256750 715000
2050 68 1948800 2298800 9021 3065 5956 172000 276000 5956 270044 658750
2051 69 1684800 1984800 7686 2611 5075 172000 278400 5075 273325 595250
2052 70 1416000 1416000 6370 2164 4206 172000 280800 4206 276594 524250
2053 71 1142400 1142400 4869 1654 3215 172000 283200 3215 279985 444250
2054 72 864000 864000 3632 1234 2398 172000 285600 2398 283202 354000
2055 73 580800 580800 2410 819 1591 172000 288000 1591 286409 251750
2056 74 292800 292800 1200 408 792 172000 290400 792 289608 136250
2057 75 0 0 0 0 0 172000 292800 0 292800 0

435909 5991300 287750 5703550

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-2009 . 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.
rates
u The effective yield in the above proposal works out to 8.93 % (calculated as per IRR method).
 Harish Chand
Delhi LIC Agent

577, GH-9, PASCHIM VIHAR

NEW DELHI- 110087
INDIA, 9811896425, 9212201725
www.delhiLICagent.com

MagicPlan - Retire And Enjoy - I

Quotation Ref.No. : HC001 Quotation Date : 21/06/2010

Proposer’s Name : Mr. RAKESH CHATURVEDI Proposer’s DOB : 28/02/1982 Age : 28 (ANB)

Sum Proposed : 1415000 Yearly Premium : 45085

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

Agent's Copy

Sr. DAB Interim * Bonus #Assu PREMIUM

No. Plan/Tm/PPT Sum Sum Bonus Rate Step FAB SSS Mly. Qly. Hly. Yly.
Rate Rate

1 14/23/23 85000 85000 48 48 0.00 440 313 329 940 1852 3648
2 14/24/24 80000 80000 48 48 0.00 520 282 296 847 1669 3286
3 14/25/25 75000 75000 48 48 0.00 600 254 266 761 1500 2954
4 14/26/26 70000 70000 48 48 0.00 720 227 239 682 1345 2648
5 14/27/27 65000 65000 48 48 0.00 840 203 214 610 1202 2368
6 14/28/28 65000 65000 48 48 0.00 960 196 206 588 1159 2282
7 14/29/29 60000 60000 48 48 0.00 1080 175 183 524 1033 2034
8 14/30/30 55000 55000 48 48 0.00 1200 155 163 465 916 1803
9 14/31/31 55000 55000 48 48 0.00 1340 151 158 452 890 1753
10 14/32/32 55000 55000 48 48 0.00 1480 146 154 439 865 1705
11 14/33/33 50000 50000 48 48 0.00 1400 134 140 401 791 1558
12 14/34/34 50000 50000 48 48 0.00 1550 131 137 392 772 1522
13 14/35/35 50000 50000 48 48 0.00 1700 128 134 383 755 1488
14 14/36/36 50000 50000 48 48 0.00 1850 125 131 375 739 1456
15 14/37/37 50000 50000 48 48 0.00 2000 122 128 367 724 1427
16 14/38/38 50000 50000 48 48 0.00 2200 120 126 361 711 1401
17 14/39/39 50000 50000 48 48 0.00 2400 118 124 354 698 1376
18 14/40/40 50000 50000 48 48 0.00 2600 116 122 349 687 1355
19 14/41/41 50000 50000 48 48 0.00 2600 115 120 344 678 1335
20 14/42/42 50000 50000 48 48 0.00 2600 113 118 339 668 1316
21 14/43/43 50000 50000 48 48 0.00 2600 112 117 335 660 1301
22 14/44/44 50000 50000 48 48 0.00 2600 110 116 331 653 1287
23 14/45/45 50000 50000 48 48 0.00 2600 109 114 327 646 1272
24 14/46/46 50000 50000 48 48 0.00 2600 108 113 324 639 1260
25 14/47/47 50000 50000 48 48 0.00 2600 107 112 322 634 1250

1415000 1415000 3870 4060 11612 22886 45085

1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2010.
2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.