child secure insurance plan

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  • 7/30/2019 child secure insurance plan

    1/3

    Presented by

    D. RAJESH KUMAR

    NO:7,KAMARAJAR SALAI,MOOLAKADAI,

    CHENNAI:600118.

    MOBILE:9884182334.

    [email protected]

    INSURANCE & INVESTMENT CONSULTANT

    Insurance Proposal for

    Kum. KID

    for Securing the College Education of

    in a Premium Budget of Rs.45000/-

    Mr. DAD

  • 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

    [email protected]

    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

  • 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.

    [email protected]

    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)