Proposal For Mr Saral Suraksha Insurance Plan
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This document is a proposal for an LIC policy for Mr. Saral Suraksha. It includes a projected cash flow analysis over 70 years of the policy. The summary shows that the maximum risk cover would be Rs. 57.39 lakh for normal risks and Rs. 7.23 lakh for accidental risks. The total premium to be paid is Rs. 21.41 lakh with a tax savings of Rs. 6.42 lakh. The net returns from the policy after 70 years would be Rs. 1.08 crore with an effective yield of 10.53% after accounting for tax benefits.
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Proposal For Mr Saral Suraksha Insurance Plan
- 1. Proposal For Mr Saral Suraksha Infocare Web Technologies Technology For LIfe Office :- Office No. 5, Minerva Building, Madhavdas Pasta Road, Dadar - (E) Mumbai - 400 014 Tel. No :- 022-32256665, 9022309857, 9322206070 Believe the Name is LIC Page No : 1
- 2. Infocare Web Technologies Technology For LIfe Office :- Office No. 5, Minerva Building, Madhavdas Pasta Road, Dadar - (E) Mumbai - 400 014 Tel. No :- 022-32256665, 9022309857, 9322206070 Name: Mr Saral Suraksha Age: 30 Date: 25/12/2011 Projected Cash Flow Tax Slab: 30% Year Age Normal Accident Annual Tax Net Returns Net Returns Surrender Total Loan Riskcover Riskcover Premium Saved Premium from LIC Value Available 2011 30 1535000 3035000 107060 32118 74942 0 -74942 0 0 2012 31 1641610 3141610 107060 32118 74942 0 -74942 0 0 2013 32 1749302 3249302 107060 32118 74942 0 -74942 185928 110635 2014 33 1858107 3358107 107060 32118 74942 0 -74942 291276 177098 2015 34 1968060 3468060 107060 32118 74942 0 -74942 409560 255204 2016 35 2079194 3579194 107060 32118 74942 0 -74942 510240 317466 2017 36 2191546 3691546 107060 32118 74942 0 -74942 613860 382374 2018 37 2305152 3805152 107060 32118 74942 0 -74942 720540 450036 2019 38 2420049 3920049 107060 32118 74942 0 -74942 830820 520938 2020 39 2536276 4036276 107060 32118 74942 0 -74942 946680 596862 2021 40 3084436 4584436 107060 32118 74942 0 -74942 1474754 1043778 2022 41 3304835 4804835 107060 32118 74942 0 -74942 1692032 1210979 2023 42 3540830 5040830 107060 32118 74942 0 -74942 1930011 1396810 2024 43 3793584 5293584 107060 32118 74942 0 -74942 2189647 1602132 2025 44 4064347 5564347 107060 32118 74942 0 -74942 2474681 1830313 2026 45 4354466 5854466 107060 32118 74942 0 -74942 2757688 2056669 2027 46 4665394 6165394 107060 32118 74942 0 -74942 3059521 2299969 2028 47 4998694 6498694 107060 32118 74942 0 -74942 3382545 2562340 2029 48 5356051 6856051 107060 32118 74942 0 -74942 3726958 2843962 2030 49 5739280 7239280 107060 32118 74942 0 -74942 4095607 3147396 2031 50 1514640 1514640 0 0 0 3870727 3870727 0 0 2032 51 1514640 1514640 0 0 0 109811 109811 0 0 2033 52 1514640 1514640 0 0 0 109811 109811 0 0 2034 53 1514640 1514640 0 0 0 109811 109811 0 0 2035 54 1514640 1514640 0 0 0 109811 109811 0 0 2036 55 1514640 1514640 0 0 0 109811 109811 0 0 2037 56 1514640 1514640 0 0 0 109811 109811 0 0 2038 57 1514640 1514640 0 0 0 109811 109811 0 0 2039 58 1514640 1514640 0 0 0 109811 109811 0 0 2040 59 1514640 1514640 0 0 0 109811 109811 0 0 2041 60 1514640 1514640 0 0 0 109811 109811 0 0 2042 61 1514640 1514640 0 0 0 109811 109811 0 0 2043 62 1514640 1514640 0 0 0 109811 109811 0 0 2044 63 1514640 1514640 0 0 0 109811 109811 0 0 2045 64 1514640 1514640 0 0 0 109811 109811 0 0 2046 65 1514640 1514640 0 0 0 109811 109811 0 0 2047 66 1514640 1514640 0 0 0 109811 109811 0 0 2048 67 1514640 1514640 0 0 0 109811 109811 0 0 2049 68 1514640 1514640 0 0 0 109811 109811 0 0 2050 69 1514640 1514640 0 0 0 109811 109811 0 0 2051 70 1514640 1514640 0 0 0 109811 109811 0 0 Page No : 2
- 3. Infocare Web Technologies Technology For LIfe Office :- Office No. 5, Minerva Building, Madhavdas Pasta Road, Dadar - (E) Mumbai - 400 014 Tel. No :- 022-32256665, 9022309857, 9322206070 Name: Mr Saral Suraksha Age: 30 Date: 25/12/2011 2052 71 1514640 1514640 0 0 0 109811 109811 0 0 2053 72 1514640 1514640 0 0 0 109811 109811 0 0 2054 73 1514640 1514640 0 0 0 109811 109811 0 0 2055 74 1514640 1514640 0 0 0 109811 109811 0 0 2056 75 1514640 1514640 0 0 0 109811 109811 0 0 2057 76 1514640 1514640 0 0 0 109811 109811 0 0 2058 77 1514640 1514640 0 0 0 109811 109811 0 0 2059 78 1514640 1514640 0 0 0 109811 109811 0 0 2060 79 1514640 1514640 0 0 0 109811 109811 0 0 2061 80 1514640 1514640 0 0 0 109811 109811 0 0 2062 81 1514640 1514640 0 0 0 109811 109811 0 0 2063 82 1514640 1514640 0 0 0 109811 109811 0 0 2064 83 1514640 1514640 0 0 0 109811 109811 0 0 2065 84 1514640 1514640 0 0 0 109811 109811 0 0 2066 85 1514640 1514640 0 0 0 109811 109811 0 0 2067 86 1514640 1514640 0 0 0 109811 109811 0 0 2068 87 1514640 1514640 0 0 0 109811 109811 0 0 2069 88 1514640 1514640 0 0 0 109811 109811 0 0 2070 89 1514640 1514640 0 0 0 109811 109811 0 0 2071 90 1514640 1514640 0 0 0 109811 109811 0 0 2072 91 1514640 1514640 0 0 0 109811 109811 0 0 2073 92 1514640 1514640 0 0 0 109811 109811 0 0 2074 93 1514640 1514640 0 0 0 109811 109811 0 0 2075 94 1514640 1514640 0 0 0 109811 109811 0 0 2076 95 1514640 1514640 0 0 0 109811 109811 0 0 2077 96 1514640 1514640 0 0 0 109811 109811 0 0 2078 97 1514640 1514640 0 0 0 109811 109811 0 0 2079 98 1514640 1514640 0 0 0 109811 109811 0 0 2080 99 1514640 1514640 0 0 0 109811 109811 0 0 2081 100 0 0 0 0 0 1624451 1624451 0 0 Total : 2141200 642360 1498840 10875917 9377077 Note: (1) The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies. Calculation includes Bonus and Final Additional Bonus as per present Rates. (*) The above illustration gives an effective yield of 10.53% with tax benefit. (*) The above illustration gives an effective yield of 8.07% without tax benefit. Page No : 3
- 4. Infocare Web Technologies Technology For LIfe Office :- Office No. 5, Minerva Building, Madhavdas Pasta Road, Dadar - (E) Mumbai - 400 014 Tel. No :- 022-32256665, 9022309857, 9322206070 Name: Mr Saral Suraksha Age: 30 Date: 25/12/2011 Summary Maximum Risk Cover (Normal) 5739280 Maximum Risk Cover (Accidental) 7239280 Total Premium Paid 2141200 Total Tax Saved u/s 80C 642360 NetPremium 1498840 Returns (Maturity and Survival) 10875917 Compounded Value Of Returns 10875917 Additional Gain by Loan Recycling 0 Net Amount In Hand On 25/12/2081 10875917 Yield WithOut Tax Benefit 8.07 Yield With Tax Benefit 10.53 Page No : 4
- 5. Infocare Web Technologies Technology For LIfe Office :- Office No. 5, Minerva Building, Madhavdas Pasta Road, Dadar - (E) Mumbai - 400 014 Tel. No :- 022-32256665, 9022309857, 9322206070 Name: Mr Saral Suraksha Age: 30 Date: 25/12/2011 Breakup of Returns 1,640,700 2,120,216 Guranted Addition 1640700 Loyalty Addition 2120216 Page No : 5