Unblocking The Main Thread Solving ANRs and Frozen Frames
Jeevan vriddhi
1. This presentation specially prepared for
Mr/Mrs. Anant
Age :30
Projected cash flow summary :
Sum assured : 150000 Rs
Term of Policy : 10
Premium Amount : 30000 RS
You will be paying a single premium of Rs 30000
· A single premium non-linked plan.
Cash flow Benefits:
· 10 years term,which provides for
Year Guaranteed Loyalty Total
payment of Guaranteed Maturity Sum
MSA Addition Maturity
Assured along with Loyalty Addition. 06/03/2022 58976 10317 69294
· Life cover of 5 times of single premium
paid. Liquidity:
· Surrender value 70% of premium paid Single Premium - Loan and surrender value
available from 2nd policy year
· Loan Value 90% of surrender value
· On maturity, Guaranteed Maturity Sum Life Risk Cover:
Assured along with Loyalty Addition, if In this policy your life risk cover will be Basic
any, shall be payable. Sum Assured i.e. 5 times of single premium
excluding extra premium, if any, shall be
· Premium paid are TAX EXEMPTED u/s
payable.
80c.
Tax Benefits:
Plan Parameters: For single premium payment you will save Rs
Age - min 8 years & max 50 years 9000 u/s 80c.
Term - 10
Premium - Min Rs 30,000 & Max No Limit Yield:
SA - 5 times of single premium The net returns works out to 8.57% (with tax) &
12.44% (Without Tax)
Modes allowed - Single
INFOCARE WEB TECHNOLOGIES
TECHNOLOGY FOR LIFE
5,Minerva Bldg.,Madhavdas Pasta Road,Dadar(E). Mumbai-400 014.
MOB:- 022 32256665
2. INFOCARE WEB TECHNOLOGIES
TECHNOLOGY FOR LIFE
5,Minerva Bldg.,Madhavdas Pasta Road,Dadar(E). Mumbai-400 014.
MOB:- 022 32256665
Name: Mr Anant Age: 30 Date: 06/03/2012
Why go for LIC Jeevan Vriddhi?
The financial year 2011-2012 is coming to an end and all those who have not yet planned their
investments for saving tax are gearing up for the same. Keeping this is mind a new plan has been
launched by LIC named Jeevan Vriddhi which offers a combination of insurance, tax savings and good
returns. Let's understand the product in comparision with few other popular tax saving options which
comes under Sec 80c of the income tax act.
LIC Jeevan Vriddhi Tax Saving fixed Equity Linked Saving
Deposite Scheme
(ELSS)
Loan facility Yes No No
Risk Cover Yes No No
Liquidity Yes(Loan available after No(Lock-in period of No(lock-in period of
1st year) 5 years) 3 years)
Tax on Returns Tax-free Taxable Tax-free
Risk on inversment
Nil Nil High
Type of Returns Guaranteed Guaranteed Non-guaranteed
Term 10 years 5 years 3 years
Let's try to compare LIC Jeevan Vriddhi and Tax Saving fixed deposti with a returns perspective.
Few public sector banks are currently offering 9.50% interest 5 year tax saving fixed deposits.
LIC Jeevan Vriddhi Tax Saving fixed Deposite
Amount invested Rs. 30,000.00 /- Rs. 30,000.00/-
Returns Rs. 69,294.00 /- Rs.6,450.18 /- after 10
years
Note: Interest earned from maturity of tax saving deposite is taxable.
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3. INFOCARE WEB TECHNOLOGIES
TECHNOLOGY FOR LIFE
5,Minerva Bldg.,Madhavdas Pasta Road,Dadar(E). Mumbai-400 014.
MOB:- 022 32256665
Name: Mr Anant Age: 30 Date: 06/03/2012
Projected Cash Flow
Tax Slab: 30%
Year Age Normal Accidental Annual Tax Net Returns Loan SV
Risk Cover Risk Cover Premium Saved Premium From LIC Value
2012 30 150000 150000 30462 9000 21462 0 0 0
2013 31 150000 150000 0 0 0 0 18900 21000
2014 32 150000 150000 0 0 0 0 18900 21000
2015 33 150000 150000 0 0 0 0 18900 21000
2016 34 150000 150000 0 0 0 0 18900 21000
2017 35 150000 150000 0 0 0 0 18900 21000
2018 36 150000 150000 0 0 0 0 18900 21000
2019 37 150000 150000 0 0 0 0 18900 21000
2020 38 150000 150000 0 0 0 0 18900 21000
2021 39 150000 150000 0 0 0 0 18900 21000
2022 40 150000 150000 0 0 0 69294 18900 21000
Total : 30462 9000 21462 69294
Note: (1) The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies.
Note:- (1)The annual premium shown above is inclusive of Service Tax.
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