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DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Plan - New Bal Suraksha
Qtn. Ref. No : MyQuot Dated. : 05/06/2015
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Proposer's Age
Child's Age
Yearly Premium
Proposer’s Name
Child’s Name
Sum Proposed 81,60,000
Mr. Sangyan Ambani 32
2Kum. Swaragini Ambani (ALB)
(ANB)
₹ 3,60,266 1st yr & 2nd yr Onwards ₹ 3,54,272
:0Sec. 80C Invt.Lmt. 0.00 %Sec. 80C Tax Rebate:
Year wise details of benefits of this plan
Total Benefit
On
Maturity
In
Installments
Till maturiy
Immediate
on Death
Death BenefitAge Premium Payment
From
Own Fund
From
Returns
Net
Premium
Tax
SavingChildYour
Desired
Income
Net
Surplus
Returns
From
L.I.C.Year
#
51,00,0002015333 003,60,266 0003,60,2661,00,33,0001,11,62,4102,62,95,410
51,00,0002016344 003,54,272 0003,54,27294,77,0001,11,62,4102,57,39,410
51,00,0002017355 003,54,272 0003,54,27289,21,0001,11,62,4102,51,83,410
51,00,0002018366 003,54,272 0003,54,27283,65,0001,11,62,4102,46,27,410
51,00,0002019377 003,54,272 0003,54,27278,09,0001,11,62,4102,40,71,410
51,00,0002020388 003,54,272 0003,54,27272,53,0001,11,62,4102,35,15,410
51,00,0002021399 003,54,272 0003,54,27266,97,0001,11,62,4102,29,59,410
51,00,00020224010 003,54,272 0003,54,27261,41,0001,11,62,4102,24,03,410
51,00,00020234111 003,54,272 0003,54,27255,85,0001,11,62,4102,18,47,410
51,00,00020244212 003,54,272 0003,54,27250,29,0001,11,62,4102,12,91,410
51,00,00020254313 003,54,272 0003,54,27244,73,0001,11,62,4102,07,35,410
51,00,00020264414 003,54,272 0003,54,27239,17,0001,11,62,4102,01,79,410
51,00,00020274515 003,54,272 0003,54,27233,61,0001,11,62,4101,96,23,410
51,00,00020284616 002,75,890 0002,75,89028,05,0001,11,62,4101,90,67,410
51,00,00020294717 002,49,316 0002,49,31622,49,0001,11,62,4101,85,11,410
51,00,00020304818 17,78,24602,17,639 15,64,21117,81,8502,17,639016,93,0001,11,62,4101,79,55,410
51,00,00020314919 6,46,26501,57,705 5,05,0156,62,7201,57,705012,42,00092,75,5601,56,17,560
51,00,00020325020 8,56,30201,17,571 7,42,1098,59,6801,17,57108,29,00085,74,8401,45,03,840
51,00,00020335121 18,15,3600 5,780 18,23,74018,29,5205,78004,64,00076,67,1601,32,31,160
51,00,00020345222 12,82,8540 5,780 12,93,02012,98,8005,78001,98,00057,38,6401,10,36,640
45,80,00020355323 40,79,4760 5,780 41,68,06041,73,8405,7800043,71,84089,51,840
5,10,255 1,06,06,410056,46,991 1,00,96,15551,36,736 1,04,58,50341,73,47,60021,42,26,6009,65,41,000
Additional Benefit (Accidental Death & Disability benefit):-
Incase of death due to accident: Rs.55,60,000 will be paid immediately to nominee in addition to the amount shown in Death Benefit "Immediate on
death". Incase of Permanent disability due to accident : All future premiums will be waived & an amount of Rs. 46,333 will be paid per month
till next 120 months.
Death benefit :-
#
Immediate on death is the Sum Assured of opted Term Rider & Term Insurance Plan.
In Installment till maturity is total of family income benefit which will be paid p.a. on policy anniversary after the date of death till one year prior to maturity.
On Maturity a sum of 110% S. A. + Bonus for full term + FAB (As applicable on maturity) will be paid.
Notes :-
l Magic Plan - New Bal Suraksha is a combination of LIC Plans No. 833 & 823 specially researched to meet the objective of securing your child’s future &
Financial goal.
l The returns shown in this illustration has been calculated on the basis of the Last declared bonus rates of similar plan No. 103, for the year
ended 31-Mar-2014. Actual results may deviate depending on future bonuses declared by LIC. The estimation is only for the purpose of
understanding the benefits of this illustration and is purely indicative / non-guaranteed. Final figures may differ as per the actual experience
of the plan performance by L.I.C. of India.
l The effective yield in the above proposal works out to 5.81 % (calculated as per IRR method)
l Premium shown in the chart is inclusive of service tax as applicable on report date.