Cradel to career plan by.p.t.patil

EX. DEVELOPMENT OFFICER, LIC OF INDIA ,CITY BR.III HUBLI,KARNATAKA
(M) 9448133179 E-mail:ptpatil179@gmail.com

ONE POINT
SOLUTION
@
LIFE INSURANCE CORPORATION OF INDIA
By P.T.PATIL
EX. DEVELOPMENT OFFICER, LIC OF INDIA ,CITY BR.III HUBLI,KARNATAKA (M) 9448133179 E-mail:ptpatil179@gmail.com
HOW MUCH IT COST
TO RAISE THE CHILD

HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL
A
CASE
STUDY
A
CASE
STUDY

HOW MUCH EXPENSES
WILL CHANGE THE AGE
As your child grows,
so do his/her demands
With every passing year, some of his/her needs
increase, while others wane. For instance, healthcare
costs are the highest till the child is 4 years old,
where as education costs form a huge chunk of
expenses between 17 and 21 years.
By P.T.PATIL

By P.T.PATIL

HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL
But no matter where you are in your
child’s stage of life, it is never too late
to start putting some money away for
their future.

HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL
A regular savings plan to put
something away each month –
whatever you can afford to spare –
will help with everything from school
fees to university costs

HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL
It is also a great way to encourage
your children to learn about the value
of money, by getting them involved at
an early stage in the investment
process.

HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL
Many parents will not want to think
about how much their child or
children are going to cost them to
bring up.

HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL
You Should Think About Saving For Your Child

HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL

By P.T.PATIL
HOW MUCH IT COST
TO RAISE THE CHILD

Which investment option is
the best for your child's future?
They are exposed to the same risks, offer the same
returns and are taxed at the same rate. No mutual
fund will give units at a discount or offer guaranteed
returns just because a parent is saving for his child.
No bank will offer you a higher interest rate.
The taxman too will not exempt any income. So, the
same rules that govern your own investments should
apply to those made for your children.
Your choice should depend on four basic factors: the
tenure of the investment, the risk you are willing to
take, the returns offered by the option and the
taxability of the income.
By P.T.PATIL

"Since each goal has a different
time frame, separating them will
allow the parent to choose the
most appropriate investment to
reach that goal,"
HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL

HOW
MUCH IT
COST
TO RAISE
THE
CHILD
By P.T.PATIL

your ability to take risks depends
on the time available. As we
mentioned earlier, stocks and
equity funds work best for long-
term goals. However, if you are
saving for your son's marriage in
2013, steer clear of volatile stocks
and put the money in a debt fund,
or even a fixed deposit.
HOW MUCH
IT COST
TO RAISE
THE CHILD
By P.T.PATIL

Keep in mind the income tax rules that
apply to your investments
The investment portfolio for your child becomes
a mix of short-, medium- and long-term
products. Each option has something to offer,
some financial goal to achieve (see graphic).
Fixed deposits offer safety and assured returns
but won't be able to beat inflation.
HOW MUCH IT COST
TO RAISE THE CHILD
By P.T.PATIL

Mutual funds offer high growth but carry a risk and don't offer
any insurance cover. Child insurance plans offer an insurance cover and
help the wealth to grow.
HOW
MUCH
IT COST
TO RAISE
THE
CHILD
By P.T.PATIL

HOW MUCH IT COST
TO RAISE THE CHILD
You have several products in market
which claim to be Child Plans. They are
costly and complicated for most of the
general investors.
The simple & successful financial
planning is “Don’t buy, if you don’t
understand it”
CRADEL TO CAREER PLAN
is for your Child Education /Career
which we have designed a step by step
in a simple manner for yourselves
By P.T.PATIL

AGE : 0 YEARS
TERM : 25 YEARS
SUM ASSURED : 900000
SINGLE PREMIUM
PREMIUM WITH SERVICE
TAX Rs.
402641
AGE AS ON DATE SINGLE PREMIUM RISK COVER SURRENDER LOAN
0 10/7/2015 402641 389025 272318 0
1 10/7/2016 0 389025 350123 105037
2 10/7/2017 0 389025 363623 105037
3 10/7/2018 0 1035000 377123 109087
4 10/7/2019 0 1080000 390623 131993
5 10/7/2020 0 1125000 404123 156249
6 10/7/2021 0 1170000 428873 181855
7 10/7/2022 0 1215000 444623 214437
8 10/7/2023 0 1260000 476123 244543
9 10/7/2024 0 1305000 494123 285674
10 10/7/2025 0 1350000 512123 321180
11 10/7/2026 0 1395000 530123 332880
12 10/7/2027 0 1440000 572873 424098
13 10/7/2028 0 1485000 593123 515586
14 10/7/2029 0 1530000 613373 533811
15 10/7/2030 0 1575000 633623 552036
16 10/7/2031 0 1620000 653873 570261
17 10/7/2032 0 1665000 674123 588486
18 10/7/2033 0 1710000 694373 606711
19 10/7/2034 0 1755000 714623 624936
20 10/7/2035 0 1800000 734873 643161
21 10/7/2036 0 1845000 755123 661386
22 10/7/2037 0 1890000 917123 679611
23 10/7/2038 0 1935000 944123 825411
24 10/7/2039 0 1980000 1074623 849711
MATURITY BENEFIT @
25 YEARS 10/7/2040
S.A. 900000
S.R.B. 1125000
F.A.B. 405000
TOTAL Rs. 2430000
By P.T.PATIL

AGE : 9
YEARS
TERM : 20
YEARS
MODE YLY HLY QLY ECS/SSS
PREMIUM WITH SERVICE
TAX Rs.
6820 3447 1742 581
SAVINGS
PER DAY
Rs. 19 ONLY
AGE AS ON DATE
YEARLY
PREMIUM
RISK COVER
SURRENDER LOAN
NORMAL ACCIDENT
9 10/7/2015 6820 200000 200000 0
0
10 10/7/2016 6704 200000 200000 0
0
11 10/7/2017 6704 200000 200000 0
0
12 10/7/2018 6704 200000 200000 2422 1700
13 10/7/2019 6704 220000 220000 5381 3800
14 10/7/2020 6704 224800 224800 6726 4700
15 10/7/2021 6704 230600 230600 8071 5600
16 10/7/2022 6704 237600 237600 9416 6600
17 10/7/2023 6704 243400 243400 11348 7900
18 10/7/2024 6704 250600 250600 13425 9400
19 10/7/2025 6704 257400 257400 15652 11000
20 10/7/2026 6704 265800 265800 18024 12600
21 10/7/2027 6704 273600 273600 20544 14400
22 10/7/2028 6704 281000 281000 23207 16200
23 10/7/2029 6704 289200 289200 26021 18200
24 10/7/2030 6704 297600 297600 28981 20300
25 10/7/2031 6704 307400 307400 32088 22500
26 10/7/2032 6704 316800 316800 35337 24700
27 10/7/2033 6704 325000 325000 38738 27100
28
10/7/2034
6704 335000 335000 40890 28600
MATURITY BENEFIT Rs.
@ 29 Years on 10/7/2035
SUM ASSURED Rs. 200000
* LOYALTY ADDITIONS Rs. 135000
TOTAL Rs. 335000
By P.T.PATIL

PLAN NO : 834
UIN : 512N299V01
AGE : 0 YEARS
TERM : 25 YEARS
SUM ASSURED : Rs. 900000
WITH PREMIUM WAIVER BENEFIT
MODE
YEARLY HALF YEARLY QUARTELY ECS / SSS
PREMIUM WITH
SERVICE TAX
42001 21236 10735 3578
SAVINGS
PER DAY
Rs. 115
ONLY
AGE AS ON DATE YEARLY PREMIUM RISK COVER
SURENDER (If
Needed)
LOAN (If
Needed)
0 10/7/2015 42001 40581 0 0
1 10/7/2016 41291 81162 0 0
2 10/7/2017 41291 986400 0 0
3 10/7/2018 41291 1029600 55317 49800
4 10/7/2019 41291 1072800 105566 95000
5 10/7/2020 41291 1116000 132238 119000
6 10/7/2021 41291 1159200 159126 143200
7 10/7/2022 41291 1202400 186282 167700
8 10/7/2023 41291 1245600 219452 197500
9 10/7/2024 41291 1288800 254569 229100
10 10/7/2025 41291 1332000 291744 262600
11 10/7/2026 41291 1375200 331215 298100
12 10/7/2027 41291 1418400 369659 332700
13 10/7/2028 41291 1461600 421930 379700
14 10/7/2029 41291 1504800 488870 440000
15 10/7/2030 41291 1566000 563468 507100
16 10/7/2031 41291 1613700 636768 573100
17 10/7/2032 41291 1661400 718978 647100
18 10/7/2033 41291 1709100 811879 730700
19 10/7/2034 41291 1765800 917176 825500
20 10/7/2035 41291 1827000 1037362 933600
21 10/7/2036 1897200 1184032 1065600
22 10/7/2037 1985400 1348792 1213900
23 10/7/2038 2118600 1534516 1381100
24 10/7/2039 2251800 1743794 1569400
BENEFITS
AGE RETURNS FROM LIC
20 135000
21 135000
22 135000
23 135000
24 135000
25 225000
BONUS 1080000
F.A.B. 405000
TOTAL RS. 2385000
By P.T.PATIL

PLAN NO : 832
UIN : 512N296V01
AGE : 0 YEARS
TERM : 25 YEARS
SUM ASSURED : Rs. 900000
WITH PREMIUM WAIVER BENEFIT
MODE
PREMIUM WITH
SERVICE TAX
38795 19397 9699 3233
SAVINGS
PER DAY
Rs. 106
ONLY
AGE AS ON DATE YEARLY PREMIUM RISK COVER
SURENDER (If
Needed)
LOAN (If Needed)
0 10/7/2015 38795 37483 0 0
1 10/7/2016 38139 74966 0 0
2 10/7/2017 38139 986400 0 0
3 10/7/2018 38139 1029600 52419 47200
4 10/7/2019 38139 1072800 99126 89200
5 10/7/2020 38139 1116000 124188 111800
6 10/7/2021 38139 1159200 149466 134500
7 10/7/2022 38139 1202400 175012 157500
8 10/7/2023 38139 1245600 206119 185500
9 10/7/2024 38139 1288800 239056 215200
10 10/7/2025 38139 1332000 273941 246500
11 10/7/2026 38139 1375200 311004 279900
12 10/7/2027 38139 1418400 362102 325900
13 10/7/2028 38139 1461600 421930 379700
14 10/7/2029 38139 1504800 488870 440000
15 10/7/2030 38139 1566000 563468 507100
16 10/7/2031 38139 1613700 636768 573100
17 10/7/2032 38139 1661400 718978 647100
18 10/7/2033 38139 1709100 811879 730700
19 10/7/2034 38139 1765800 917176 825500
20 10/7/2035 38139 1827000 1037362 933600
21 10/7/2036 38139 1897200 1184032 1065600
22 10/7/2037 38139 1985400 1348792 1213900
23 10/7/2038 38139 2118600 1534516 1381100
24 10/7/2039 38139 2251800 1743794 1569400
RETURNS FROM LIC
SURVIVAL BENEFITS Rs. MATURITY BENEFITS 10/7/2040
18 10/7/2033 180000 SUM ASSURED 360000
20 10/7/2035 180000 BONUS 1080000
22 10/7/2037 180000 FINAL ADDITIONAL BONUS 405000
: TOTAL RS. 1845000
By P.T.PATIL

By P.T.PATIL
PLAN NO : 833
UIN : 512N297V01
AGE : 30 YEARS
TERM : 20 YEARS
P.P.TERM : 17 YEARS
SUM ASSURED Rs. 900000
MODE
PREMIUM WITH
SERVICE TAX Rs.
53679 27122 13702 4567
SAVINGS
PER DAY
Rs. 147 ONLY
AGE
AS ON
DATE
YEARLY
PREMIUM
RISK COVER SURENDER
(If Needed)
LOAN
(If Needed)NORMAL ACCIDENT
30 10/7/2015 53679 1400000 2300000 0 0
31 10/7/2016 52772 1437800 2337800 0 0
32 10/7/2017 52772 1475600 2375600 0 0
33 10/7/2018 52772 1513400 2413400 69328 62400
34 10/7/2019 52772 1551200 2451200 128797 115900
35 10/7/2020 52772 1589000 2489000 161847 145700
36 10/7/2021 52772 1626800 2526800 195463 175900
37 10/7/2022 52772 1664600 2564600 228041 205200
38 10/7/2023 52772 1702400 2602400 271233 244100
39 10/7/2024 52772 1740200 2640200 324684 292200
40 10/7/2025 52772 1778000 2678000 388663 349800
41 10/7/2026 52772 1815800 2715800 453578 408200
42 10/7/2027 52772 1853600 2753600 526608 473900
43 10/7/2028 52772 1891400 2791400 609242 548300
44 10/7/2029 52772 1929200 2829200 703287 633000
45 10/7/2030 52772 1985000 2885000 810778 729700
46 10/7/2031 52772 2027300 2927300 941138 847000
47 10/7/2032 2069600 2969600 1088497 979600
48 10/7/2033 2111900 3011900 1255066 1129600
49 10/7/2034 2163200 3063200 1443254 1298900
MATURITY BENEFITS
ON 10/7/2015
RS. 1719000

JEEVAN LAKSHYA POLICY
An Example of Death Benefits in Jeevan Lakshya policy :
Incase Death occures on 5 th policy
year, The following death benefits will
be given to your nominee
Incase Death occurs on
9 th policy year, The following
death benefits will be given to
your nominee
YEAR
YEARLY
PREMIUM
RETURNS FROM
LIC
YEAR
YEARLY
PREMIUM
RETURNS FROM LIC
2015 53679 0 2015 53679 0
2016 52772 0 2016 52772 0
2017 52772 0 2017 52772 0
2018 52772 0 2018 52772 0
2019 52772 500000 2019 52772 0
2020 0 90000 2020 52772 0
2021 0 90000 2021 52772 0
2022 0 90000 2022 52772 0
2023 0 90000 2023 52772 500000
2024 0 90000 2024 0 90000
2025 0 90000 2025 0 90000
2026 0 90000 2026 0 90000
2027 0 90000 2027 0 90000
2028 0 90000 2028 0 90000
2029 0 90000 2029 0 90000
2030 0 90000 2030 0 90000
2031 0 90000 2031 0 90000
2032 0 90000 2032 0 90000
2033 0 90000 2033 0 90000
2034 0 90000 2034 0 90000
2035 0 1809000 2035 0 1809000
TOTAL BENEFITS 3659000 TOTAL BENEFITS 3299000
By P.T.PATIL

By P.T.PATIL
 BACHAT AS FIXED DEPOSIT
 EMPLOYER – EMPLOYEE
 BENEFIT TO EMPLOYER
 BENEFIT TO EMPLOYEE
 WITHDRAWAL OF ADVANCE
 INTEREST PAID ON ADVANCE
 MONEY BACK TAX FREE
 MATURITY TAX FREE
 LOYALTY LTG
 INSURANCE AT NO MEDICAL
 BETTER THAN TERM
INSURANCE
 ASSIGNMENT AVAILABLE

AGE : 15
YEARS
TERM : 9
YEARS
SINGLE PREMIUM
PREMIUM WITH
SERVICE TAX Rs.
658118
AGE
AS ON
DATE
SINGLE
PREMIUM
RISK COVER
SURVIVAL
BENEFITS
SURRENDER LOAN
15 10/7/2015 658118 900000
0
445104 0
16 10/7/2016 0 900000
0
573866 344300
17 10/7/2017 0 900000
0
605660 363400
18 10/7/2018 0 900000 135000 534125 320500
19 10/7/2019 0 900000
0
565918 339600
20 10/7/2020 0 900000
0
597711 358600
21 10/7/2021 0 1118700 135000 527766 316700
22 10/7/2022 0 1118700
0
559559 335700
23 10/7/2023 0 1118700
0
591353 354800
MATURITY BENEFIT @
24 Years On 10/7/2024
Rs. 876818
By P.T.PATIL

AGE : 13 YEARS
TERM : 20 YEARS
PREMIUM WITH
SERVICE TAX Rs.
68044 34384 17372 5791
AGE
AS ON
DATE
YEARLY
PREMIUM
RISK COVER
SURRENDER LOAN
SURVIVAL
BENEFIT
NORMAL ACCIDENT
13 10/7/2015 68044 1125000 1125000 0 0 0
14 10/7/2016 66894 1160100 1160100 0 0 0
15 10/7/2017 66894 1195200 1195200 0 0 0
16 10/7/2018 66894 1230300 1230300 155538 140000 0
17 10/7/2019 66894 1265400 1265400 212544 191300 0
18 10/7/2020 66894 1300500 1300500 92610 83300 180000
19 10/7/2021 66894 1335600 1335600 156096 140500 0
20 10/7/2022 66894 1370700 1370700 223368 201000 0
21
10/7/2023 66894 1405800 1405800 294912 265400 0
22 10/7/2024 66894 1440900 1440900 371178 334100 0
23
10/7/2025 66894 1476000 1476000 272640 245400 180000
24 10/7/2026 66894 1511100 1511100 354780 319300 0
25 10/7/2027 66894 1546200 1546200 442800 398500 0
26 10/7/2028 66894 1581300 1581300 537780 484000 0
27 10/7/2029 66894 1616400 1616400 641028 576900 0
28 10/7/2030 66894 1678500 1678500 574020 516600 180000
29 10/7/2031 0 1713600 1713600 703584 633200 0
30 10/7/2032 0 1748700 1748700 845466 760900 0
31 10/7/2033 0 1783800 1783800 1001268 901100 0
32 10/7/2034 0 1818900 1818900 1172736 1055500 0
MATURITY BENEFIT @
33 Years 10/7/2035
Rs. 1152000
By P.T.PATIL

AGE : 13 YEARS
TERM : 25 YEARS
PREMIUM WITH
SERVICE TAX Rs.
52592 26574 13425 4475
AGE
AS ON
DATE
YEARLY
PREMIUM
RISK COVER
SURRENDER LOAN
SURVIVAL
BENEFITNORMAL ACCIDENT
13 10/7/2015 52592 1125000 1125000 0 0 0
14 10/7/2016 51703 1164600 1164600 0 0 0
15 10/7/2017 51703 1204200 1204200 0 0 0
16 10/7/2018 51703 1243800 1243800 145571 131000 0
17 10/7/2019 51703 1283400 1283400 196758 177100 0
18 10/7/2020 51703 1323000 1323000 114548 103100 135000
19 10/7/2021 51703 1362600 1362600 169101 152200 0
20 10/7/2022 51703 1402200 1402200 225612 203100 0
21 10/7/2023 51703 1441800 1441800 284292 255900 0
22 10/7/2024 51703 1481400 1481400 345371 310800 0
23 10/7/2025 51703 1521000 1521000 274140 246700 135000
24 10/7/2026 51703 1560600 1560600 340929 306800 0
25 10/7/2027 51703 1600200 1600200 410940 369800 0
26 10/7/2028 51703 1639800 1639800 484533 436100 0
27 10/7/2029 51703 1679400 1679400 562167 506000 0
28 10/7/2030 51703 1746000 1746000 509153 458200 135000
29 10/7/2031 51703 1785600 1785600 590400 531400 0
30 10/7/2032 51703 1825200 1825200 676710 609000 0
31 10/7/2033 51703 1864800 1864800 769095 692200 0
32 10/7/2034 51703 1904400 1904400 868523 781700 0
33 10/7/2035 51703 2007000 2007000 841410 757300 135000
34 10/7/2036 0 2069100 2069100 964346 867900 0
35 10/7/2037 0 2108700 2108700 1097559 987800 0
36 10/7/2038 0 2148300 2148300 1242684 1118400 0
37 10/7/2039 0 2187900 2187900 1401192 1261100 0
MATURITY BENEFIT @
38 Years 10/7/2040
Rs. 1462500
By P.T.PATIL

AGE : 8 YEARS
TERM : 15 YEARS
PREMIUM WITH
SERVICE TAX Rs.
61837 31248 15789 5263
SAVINGS
PER DAY Rs. 169 ONLY
AGE
AS ON
DATE
YEARLY
PREMIUM
RISK COVER
SURRENDER LOAN
NORMAL ACCIDENT
8 10/7/2015 61837 900000 900000 0 0
9 10/7/2016 60792 934200 934200 0 0
10 10/7/2017 60792 968400 968400 0 0
11 10/7/2018 60792 1002600 1002600 113549 102200
12 10/7/2019 60792 1036800 1036800 163230 146900
13 10/7/2020 60792 1071000 1071000 220004 198000
14 10/7/2021 60792 1105200 1105200 280226 252200
15 10/7/2022 60792 1139400 1139400 348097 313300
16 10/7/2023 60792 1173600 1173600 425181 382700
17 10/7/2024 60792 1207800 1207800 513004 461700
18 10/7/2025 60792 1242000 1242000 613713 552300
19 10/7/2026 60792 1276200 1276200 735184 661700
20 10/7/2027 60792 1310400 1310400 873573 786200
21 10/7/2028 60792 1344600 1344600 1030991 927900
22 10/7/2029 60792 1378800 1378800 1209867 1088900
MATURITY BENEFIT @
23 YEARS 10/7/2030
SUM ASSURED 900000
S.R.BONUS 513000
FINAL ADD. BONUS 18000
TOTAL Rs. 1431000
By P.T.PATIL

By P.T.PATIL
HOW MUCH IT COST
TO RAISE THE CHILD
YOU
CAN
TAKE
CUSTOMISE
PLAN
ALSO

A Smart Health Insurance Plan for
Mr. FATHER & His Family
TOTAL PREMIUM
including service tax 14%
Rs. 6,182
MODE
HALF-YEARLY
BENEFITS MEDICAL BENEFITS
YEAR 2015 2016 2017 2018 2019 2020 2021 2022
Mr. FATHER AGE 32 PREMIUM Rs. 2,604
AGE 32 33 34 35 36 37 38 39
MAXIMUM
BENEFITS
(LIFE TIME)
HCB NON
ICU
1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350
HCB ICU 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700
MAXIMUM
HCB
45,000 141,750 148,500 155,250 162,000 168,750 175,500 182,250 1179000
MAXIMUM
MSB
100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 800000
DCPB 15,000 15,750 16,500 17,250 18,000 18,750 19,500 20,250 141000
OSB 30,000 94,500 99,000 103,500 108,000 112,500 117,000 121,500 786000
SPOUSE: WIFE / HUSBAND
Mr. R.DEVI AGE 27 PREMIUM Rs. 1,805
AGE 27 28 29 30 31 32 33 34
MAXIMUM
BENEFITS
(LIFE TIME)
HCB NON
ICU
1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350
HCB ICU 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700
MAXIMUM HCB 45,000 141,750 148,500 155,250 162,000 168,750 175,500 182,250 1179000
MAXIMUM
MSB
100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 800000
DCPB 15,000 15,750 16,500 17,250 18,000 18,750 19,500 20,250 141000
OSB 30,000 94,500 99,000 103,500 108,000 112,500 117,000 121,500 786000
By P.T.PATIL
* TAX BENEFIT:
* Premiums paid up to
Rs. 15,000 is eligible
for benefits under
Sec. 80 (D ) .

BENEFITS MEDICAL BENEFITS
YEAR 2015 2016 2017 2018 2019 2020 2021 2022
CHILD -1
Selvan. SON AGE 5 PREMIUM Rs. 888
AGE 5 6 7 8 9 10 11 12
MAXIMUM
BENEFITS
(LIFE TIME)
HCB NON
ICU
1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350
HCB ICU 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700
MAXIMUM
HCB
45,000 141,750 148,500 155,250 162,000 168,750 175,500 182,250 1179000
MAXIMUM
MSB
100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 800000
DCPB 15,000 15,750 16,500 17,250 18,000 18,750 19,500 20,250 141000
OSB 30,000 94,500 99,000 103,500 108,000 112,500 117,000 121,500 786000
CHILD -2
Selvi. DAUGHTER AGE 2 PREMIUM Rs. 885
AGE 2 3 4 5 6 7 8 9
MAXIMUM
BENEFITS
(LIFE TIME)
HCB NON
ICU
1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350
HCB ICU 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700
MAXIMUM HCB 45,000 141,750 148,500 155,250 162,000 168,750 175,500 182,250 1179000
MAXIMUM
MSB
100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 800000
DCPB 15,000 15,750 16,500 17,250 18,000 18,750 19,500 20,250 141000
OSB 30,000 94,500 99,000 103,500 108,000 112,500 117,000 121,500 786000
A Smart Health Insurance Plan for
Mr. FATHER & His Family
By P.T.PATIL
* TAX BENEFIT:
* Premiums paid up to
Rs. 15,000 is eligible
for benefits under
Sec. 80 (D ) .

By P.T.PATIL
EX. DEVELOPMENT OFFICER, LIC OF INDIA ,CITY BR.III HUBLI,KARNATAKA (M) 9448133179 E-mail:ptpatil179@gmail.comUM
WE CAN REDUCE YOUR AGE
TO SAVE PREMIUM

One of the most popular and important riders
added to an insurance policy is the ‘Waiver of
Premium’ rider.
If this rider is a part of one’s insurance policy, it
ensures that the premiums to be paid by the
insured are waived in the event that the insured
becomes ‘completely disabled’ or loses his source
of revenue because of unemployment owing to an
injury or sickness. In such a situation, even though
the premiums are not paid by the insured, the
policy does not lapse.
One other feature of this rider that bears
attention is the fact that the premium paid for this
rider qualifies for tax deduction under section 80D
of the Income Tax Act.
WAIVER OF PREMIUM
A great safety net
By P.T.PATIL

COMPARISION
By P.T.PATIL

By P.T.PATIL
Historical Interest
Rate of EPF

HOW MUCH IT COST
TO RAISE THE CHILD
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By P.T.PATIL

HOW MUCH IT COST
TO RAISE THE CHILD
L
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By P.T.PATIL

By P.T.PATIL
HOW MUCH
IT COST
TO RAISE
THE CHILD
IRDA Claim
Settlement Ratio
2014-2015
Which is best
Life Insurance
Company?

RETURN ON INVESTMENT
By P.T.PATIL

By P.T.PATIL
INDIAN GROWTH STORY

INCOME TAX SLAB
By P.T.PATIL

By P.T.PATIL
INCOME TAX SLAB

By P.T.PATIL
P
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OPTIONS

HOW MUCH IT COST
TO RAISE THE CHILD
For Individual policy enquiry through SMS,
Type ASKLIC < POLICY NO >
PREMIUM/REVIVAL/BONUS/LOAN/NOM
Send To 56767877
Enquiries :-
a) IPP Policy Status, (STAT)
b) Existence Certificate Due, (ECDUE)
c) Last Annuity Released Date, (ANNPD)
d) Annuity Payment thru (CHQ/ECS/NEFT)
(PDTHRU)
e) Annuity Amount (AMOUNT)
f) Cheque Return Information (CHQRET)
Type LICPension <Policy-No>
[STAT/ECDUE/ANNPD/PDTHRU/AMOUNT/C
HQRET] Send To 56767877
By P.T.PATIL
"Policyholders can make same enquiries
over long code 96649 96649"

By P.T.PATIL
RECOGNITION

By P.T.PATIL
HOW
TO
COMPLETE
THE
PROPOSAL

HOW
TO
COMPLETE
THE
PROPOSAL
By P.T.PATIL

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