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Age : 41 Term : 16
Date : 02/11/2010 Premium Term : 16 Basic Premium : 119439 Total Annual Premium : 119589 Income Tax Slab : 30.60 Assumed FAB Rate : 0
Total Rider Premium : Sec. 80CCE Inv. Limit: Assumed Bonus Rate :
Age
41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56
Normal
1890000 1980000 2070000 2160000 2250000 2322000 2394000 2466000 2538000 2610000 2682000 2754000 2826000 2898000 2970000 3042000
Accident
3690000 3780000 3870000 3960000 4050000 4122000 4194000 4266000 4338000 4410000 4482000 4554000 4626000 4698000 4770000 4842000
Annual Premium
119589 119589 119589 119589 119589 119589 119589 119589 119589 119589 119589 119589 119589 119589 119589 119589 1913424
Tax Saved
30600 30600 30600 30600 30600 30600 30600 30600 30600 30600 30600 30600 30600 30600 30600 30600 489600
Nett Premium
88989 88989 88989 88989 88989 88989 88989 88989 88989 88989 88989 88989 88989 88989 88989 88989 1423824
Cash Value
0 0 210316 302211 436186 487687 612060 741173 886584 1051477 1239352 1454594 1714748 2010313 2345113 2847339
In the year 2026, the deferment period will end and the policy will be due for annuity (pension) payment. In this year, the Notional Cash Option (NCO) value on which your pension will be calculated is estimated to be Rs. 3042000 (based on assumed Bonus and Final Bonus Rate). You have an option to commute 1/3rd of this amount in lumpsum (taxfree) and make the rest available for purchasing annuity either from LIC or any other insurer. Alternately, you may use the entire amount for purchasing the annuity.
The tables below illustrate the amount of pension you can get from LIC's Jeevan Nidhi Plan currently under various pension options available
The above statement is based on certain assumptions which are liable to change according to Government/Corporation's policies.
Harish Chand
Delhi LIC Agent
577, GH-9, PASCHIM VIHAR NEW DELHI- 110087 INDIA, 9811896425, 9212201725 www.delhiLICagent.com
Pension Options Available Pension Mode A 15471 46858 94866 194646 B 15367 46597 94135 192974 C 15158 45917 92776 190047 D 14862 45029 90894 186074 E 14513 43931 88699 181475 F G Monthly Quarterly Half Yearly Yearly 12405 37607 76050 156177 12509 37868 76364 156177 14531 43984 88908 182311 H
Note : Pension will start after the completion of the pension mode opted. For example : If the pension mode is Half Yearly then the pension will start after the end of six months from the date of purchase of the policy
OPTION DESCRIPTION
A . Immediate Annuity per annum payable for the remainder of life B. C. D.
Immediate Annuity per annum payable for 5 years certain so long thereafter as the annuitant may be alive
Immediate annuity per annum payable for 10 years certain and so long thereafter as the annuitant may be alive Immediate Annuity per annum payable for 15 years certain and so long thereafter as the annuitant may be alive
E.
Immediate Annuity per annum payable for 20 years certain and so long thereafter as the annuitant may be alive
F.
Immediate Annuity per annum payable for life with return of purchase price on death of the annuitant
G.
H.
Immediate Annuity for life with a provision for 50 % of the annuity to the spouse on death of the annuitant.
The above statement is based on certain assumptions which are liable to change according to Government/Corporation's policies.