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.

LIC RETIRE AND ENJOY PLAN
LIC RETIRE AND ENJOY PLAN

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.

  1. 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.

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

 Year-wise Death Claims given below.

YearAgeRisk Cover NormalRisk Cover AccidentalPremiumTax SavedNet PremiumAmount Received
201635157724030822405904217093419490
201736164948031544805800917093409160
201837172172032267205800917093409160
201938179396032989605800917093409160
202039186620033712005800917093409160
202140193844034434405800917093409160
202241201068035156805800917093409160
202342208292035879205800917093409160
202443215516036601605800917093409160
202544222740037324005800917093409160
202645229964038046405800917093409160
202746237188038768805800917093409160
202847244412039491205800917093409160
202948251636040213605800917093409160
203049260365041086505800917093409160
203150268341541884155800917093409160
203251276318042681805800917093409160
203352284294543479455800917093409160
203453292271044277105800917093409160
203554301000045150005800917093409160
203655309729046022905800917093409160
203756321468047196805800917093409160
203857339227048972705800917093409160
20395832037904548790506061518235424360640
20405930233504218350439511318530766357300
20416028386803898680381971145926738341550
2042612651660358666033068992023148334750
2043622440110325511028325849819828340320
2044632222160292716024119723616883329340
2045642004000260400020235607014164330960
2046651794000229400016650499511655334000
204766153440019344001316139489213358800
20486712402001540200975629276829383600
2049688664001066400643119294502413400
20506945300055300031819542227433200
20517000000453000
TOTAL –– – 162292047944211434784770860

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

 Emailbasupancholi@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.


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