1. Presenting
for Mr. Ankit
Presently aged 25 years
Presented by
Atul Patil
C 208 ABHISHEK , Dindoshi Goregoan East, WOCKHARDT PAYROLL, Mumbai-400063
Tel. 02228428356, Mob. 9820238747 e-mail: atul2718@gmail.com
2. Overview Of This Plan
Ideal for Regular Savings & Life Cover
Lowest premium in its category.
Discount in Premium for Sum Assured over Rs.1,50,000 ,for mode Half yearly & Yearly.
Life Cover to the extent of Sum Assured + LA (if any after 5 years)
Loan Available after 3 full years of premium payment(Without any foreclosure clause).
On Maturity, Sum Assured + Loyalty Addition (As applicable) will be paid.
Can be easily aligned with your family objective with its wide choice of term.
Optional Benefit:
Policy can be start from Back Date within same F.Y.
Double Accident Benefit (DAB) - is available as an optional rider by payment of
additional premium during the policy term (Lowest rate).
Free lookup period for 30 Days
Premium Paid are eligible for tax savings u/s 80 C & the Maturity Amount is Tax Free
u/s 10 (10) (D).
3. 3
Benefit Illustration Summary
Benefit Illustration Summary
Sum Assured Rs 200000
Term 20 years
Premium
Your Yearly premium under this policy is Rs. 6997. In 20 years you
will pay a total of Rs. 137945 .
Maturity Benefits
Year
Guaranteed Bonus Total
2034 200000 33000 233000
Plan Parameters
Parameter
Min Max
Age
Term
SAugme Assured
8
10
75000
55
20
200000
Modes Yly, Hly, Qly, Mly
4. 4
Benefit Illustration Summary
In this policy your life cover will be Rs. 200000 .
Life Cover
You have an option to surrender the policy & receive the cash value after
payment of premiums for 3 years.
Alternately, you can even avail of loan on this policy once the policy has
acquired cash value. The current prevailing rate of loan is 0 % p.a.
Liquidity
You can save a tax of Rs. 2097 under Sec. 80 CCE.
Tax Saving
5. Snapshot of the benefits
Annual Premium
Rs 6997
Annual Tax
Savings upto
Rs 2097
Rs 200000
Age 25 Age 45
20 years
Rs 200000
Additional Accident Death Cover
Rs 200000 Maturity amount
7. Policy
Year
Age
Year by Year benefits (cont.)
Riskcover
Annual
Premium Tax Saved Normal Accidental Nett Premium Returns from LIC
2034 45 0 0 0 0 0 233000
137945 41940 96005 233000
8. Other Information
Premium Payable For 1st Year
Yearly Half-Yearly Quarterly Monthly
6997 3535 1786 596
Note : Above Premium are inclusive of Service Tax @3.09%
Premium Payable For 2nd Year Onwards
Yearly Half-Yearly Quarterly Monthly
6892 3482 1759 587
Note : Above Premium are inclusive of Service Tax @1.545%
9. 9
Key Assumptions
Income Tax Sec. 80 CCE limit available - Rs. 100000 Premiums will save tax @30.90%
Disclaimer
Your Age 25
Bonus considered LIC 8% Scenario
Final Additional Bonus N/A
Loyalty Addition as applicable
• Insurance is subject matter of solicitation.
• This illustration does not exhibit the benefits of any single product of L.I.C. of India. It is based on the benefits visualized by
combining multiple plans of L.I.C. of India to provide solution to your specific needs.
• The benefit calculation is based on the age herein indicated and as applicable for healthy individual.
• The Survival/Death Benefit amount are derived on the assumption that the policies are in "full force".
• The benefits illustrated in this presentation are based on the key assumptions listed above. The purpose of this illustration is
to give you a fair view of the benefits that may arise out of purchasing the insurance proposed by the presenter. In no way is
the insurer or the presenter providing a guarantee of the benefits enumerated herein. The actual results of investments may
vary depending upon the future performance of L.I.C. of India with respect to the plans purchased by you for the purpose of
the benefits illustrated in this presentation
10. 10
For any further query / information
please feel free to get in touch with me
Atul Patil
Life Insurance Corporation Of India
C 208 ABHISHEK ,
Dindoshi Goregoan East,
WOCKHARDT PAYROLL, Mumbai 400063
Tel. 02228428356, Mob. 9820238747
e-mail: atul2718@gmail.com
