child secure insurance plan
TRANSCRIPT
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7/30/2019 child secure insurance plan
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Presented by
D. RAJESH KUMAR
NO:7,KAMARAJAR SALAI,MOOLAKADAI,
CHENNAI:600118.
MOBILE:9884182334.
INSURANCE & INVESTMENT CONSULTANT
Insurance Proposal for
Kum. KID
for Securing the College Education of
in a Premium Budget of Rs.45000/-
Mr. DAD
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7/30/2019 child secure insurance plan
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The planning for your childs
secured future starts now when
she is 3 years of age. For 15
years you will need to pay an
amount of Rs. 44751/- per
annum as premium towards the
proposed insurance
In the year 2027, Kum. KID
will be 18 years of age. She is
expected to join college at this
age. Hence there is a provision
made for Rs. 235602/- to bereceived in this year to meet the
extraordinary costs of admission,
coaching classes, attire, etc.
To ensure quality education
and a comfortable lifestyle
during her college period, this
plan will provide cash every
year as per the table shown
alongside
Kum. KID will complete her graduation in the year
2031 when she is 22 years of age. She may want
to pursue post graduation abroad or may want to
start business. Both these objectives will demand
sizeable amount of money. This Magic Plan will
make her dream come true with a lumpsum amount
of Rs. 728190/-
The returns shown in this illustration have been calculated on the basis of the interim bonus rates last declared by LIC for the year ended
31-Mar-2011. Actual results may deviate depending on future bonuses declared by LIC,
Magic Plan Secure Child is a combination of LIC Plans specially researched to meet the objective of securing your childs future.
uu
u
u In the unfortunate event of your early death, the premiums on the policies will cease immediately. The returns, however will be received inthe years as indicated in this MagicPlan.
The effective yield in the above proposal works out to 9.57 % (calculated as per IRR method)
Kum. KID
for securing the future of your child
Mr. DAD
Insurance Proposal for
Presented by
MOBILE:9884182334.
CHENNAI:600118.
NO:7,KAMARAJAR SALAI,MOOLAKADAI,
INSURANCE & INVESTMENT CONSULTANT
D. RAJESH KUMAR
Year Age Estimated Amount
235602
113729
120272
2027
2028
2029 20
19
18
2030 21 126612
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7/30/2019 child secure insurance plan
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INSURANCE & INVESTMENT CONSULTANT
D. RAJESH KUMAR
NO:7,KAMARAJAR SALAI,MOOLAKADAI,
CHENNAI:600118.
MOBILE:9884182334.
MagicPlan - Secure Child
(nearer birthday)
(last birthday)Kum. KID 3
32Mr. DAD
19/12/2012
810000 44751
LIC TN1
Sum Proposed :
Childs Name :
Proposers Name :
Quotation Ref.No. :
Yearly Premium :
Child's Age :
Proposer's Age :
Date :
30.90 %100000Sec. 80 CCE Invt Lmt. : Sec. 80 CCE Tax Rebate :
Year wise details of benefits of this plan
Year
Your
Age
Child's
Age
Expected
Cashflow
P R E M I U M
Annual
Premium
Tax
Saving
Nett
Premium
Funded From
Cashflow
Paid From
Own Funds
Net
Amount
In HandAccidental
Risk Cover
2012 32 3 0 44751 13828 30923 0 30923 00
2013 33 4 0 44751 13828 30923 0 30923 00
2014 34 5 0 44751 13828 30923 0 30923 00
2015 35 6 0 44751 13828 30923 0 30923 00
2016 36 7 0 44751 13828 30923 0 30923 00
2017 37 8 0 44751 13828 30923 0 30923 00
2018 38 9 0 44751 13828 30923 0 30923 00
2019 39 10 0 44751 13828 30923 0 30923 00
2020 40 11 0 44751 13828 30923 0 30923 00
2021 41 12 0 44751 13828 30923 0 30923 00
2022 42 13 0 44751 13828 30923 0 30923 00
2023 43 14 0 44751 13828 30923 0 30923 00
2024 44 15 0 44751 13828 30923 0 30923 00
2025 45 16 0 44751 13828 30923 0 30923 00
2026 46 17 0 44751 13828 30923 0 30923 00
2027 47 18 259050 33934 10486 23448 23448 0 2356020
2028 48 19 133760 28989 8958 20031 20031 0 1137290
2029 49 20 137120 24382 7534 16848 16848 0 1202720
2030 50 21 140480 20070 6202 13868 13868 0 1266120
2031 51 22 728190 0 0 0 0 0 7281900
1398600 778640 74195 463845 1324405538040240600
Magic Plan Secure Child is a combination of LIC Plans specially researched to meet the objective of securing your childs future.
In the unfortunate event of your early death, the premiums on the policies will cease immediately. The returns, however will be received in the
years as indicated in this MagicPlan.
u
The returns shown in this illustration have been calculated on the basis of the interim bonus rates last declared by LIC for the year ended
31-Mar-2011. Actual results may deviate depending on future bonuses declared by LIC,
u
u The effective yield in the above proposal works out to 9.57 % (calculated as per IRR method)