LIC RETIRE AND ENJOY PLAN

Benefit Illustrations for retire and enjoy plan

LIC Retire and Enjoy plan -LIC pension plan is a combination of endowment plans.

An example of SANDEEP MEENA who is purchasing LIC retirement plan with following details.

Sum Assured: Rs.15,05,000
Policy Term: 23 Years
Policy Purchase Year: 2016
Age: 35 Years
Yearly Premium: Rs. 59042/-

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.59042/– p.a. from your own

funds till your age of 57 years. This proposal provides for

a high risk cover of Rs.1577240/– starting at age 35 and

Growing to Rs.3392270/– at age 57.

In the year 2039 when you will be 58 years of age, you

will start receiving annual tax free income every year till

70 years of your age. Income starts at Rs. 310034/-

per annum and increases by approximately 0 % 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 57.In the event of any emergency or

financial difficulties,

there is a provision under this 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 up to Rs.150000/- per annum.

Disclaimer

1. This plan is a combination of LIC endowment plans specially researched to meet the objective of securing a financially

Independent life for yourself and your spouse on retirement.

2. The benefits shown in this presentation have been calculated on the basis of interim bonuses declared by LIC of India. Actual

results may deviate depending on the future bonuses declared by LIC.

3. Loan calculation is done on the basis of present surrender value rates.

 Year-wise Death Claims given below.

Year	Age	Risk Cover Normal	Risk Cover Accidental	Premium	Tax Saved	Net Premium	Amount Received
2016	35	1577240	3082240	59042	17093	41949	0
2017	36	1649480	3154480	58009	17093	40916	0
2018	37	1721720	3226720	58009	17093	40916	0
2019	38	1793960	3298960	58009	17093	40916	0
2020	39	1866200	3371200	58009	17093	40916	0
2021	40	1938440	3443440	58009	17093	40916	0
2022	41	2010680	3515680	58009	17093	40916	0
2023	42	2082920	3587920	58009	17093	40916	0
2024	43	2155160	3660160	58009	17093	40916	0
2025	44	2227400	3732400	58009	17093	40916	0
2026	45	2299640	3804640	58009	17093	40916	0
2027	46	2371880	3876880	58009	17093	40916	0
2028	47	2444120	3949120	58009	17093	40916	0
2029	48	2516360	4021360	58009	17093	40916	0
2030	49	2603650	4108650	58009	17093	40916	0
2031	50	2683415	4188415	58009	17093	40916	0
2032	51	2763180	4268180	58009	17093	40916	0
2033	52	2842945	4347945	58009	17093	40916	0
2034	53	2922710	4427710	58009	17093	40916	0
2035	54	3010000	4515000	58009	17093	40916	0
2036	55	3097290	4602290	58009	17093	40916	0
2037	56	3214680	4719680	58009	17093	40916	0
2038	57	3392270	4897270	58009	17093	40916	0
2039	58	3203790	4548790	50606	15182	35424	360640
2040	59	3023350	4218350	43951	13185	30766	357300
2041	60	2838680	3898680	38197	11459	26738	341550
2042	61	2651660	3586660	33068	9920	23148	334750
2043	62	2440110	3255110	28325	8498	19828	340320
2044	63	2222160	2927160	24119	7236	16883	329340
2045	64	2004000	2604000	20235	6070	14164	330960
2046	65	1794000	2294000	16650	4995	11655	334000
2047	66	1534400	1934400	13161	3948	9213	358800
2048	67	1240200	1540200	9756	2927	6829	383600
2049	68	866400	1066400	6431	1929	4502	413400
2050	69	453000	553000	3181	954	2227	433200
2051	70	0	0	0	0	0	453000
TOTAL	–	–	–	1622920	479442	1143478	4770860

Summary of Presentation

Maximum Risk Cover Normal                                                                            3392270

Maximum Risk Cover Accidental                                                                      4897270

Total Premium Paid By Policy Holder                                                             1622920

Total Tax Saved                                                                                                       479442

Net Premium Paid By Policy Holder                                                                1143478

SB/Maturity Amount Receivable By Policy Holder From LIC                 4770860

Net Amount Received By Policy Holder                                                        4483180

Services that I offer

• New LIC Policy Quotes and Completion
• Complete guidance
• Doorstep Premium Collection Service
• Personalized Policy Recommendations
• Renewal / Revival of Lapsed Policies
• Human Life Value Calculation
• Life Time SERVICE

FOR MORE INFORMATION PLEASE CONTACT -:

BASPA NAND PANCHOLI

CON.9891009400

 Email–basupancholi@gmail.com

To know about LIC Plans please visit our website

www.licbestplan.in

Office Address:-25,KG,Marg,Jeevan Prakash Building.

LIC of India,Branch Unit-117.

3rd floor,C.P. New Delhi-110001.