This document is a life insurance proposal for Mr. Neel Patel presented by Rajendra B Jain, a life insurance advisor with LIC of India. It proposes 7 life insurance policies with premiums totaling Rs. 48,002 annually. The proposal includes illustrations of benefits over the policy terms on death and at maturity, as well as forecasts of insurance coverage, premium payments, returns and cash flows.
1. Nidhi Investment Consultant
Presented by :-
Rajendra B Jain
+919898367973
Life Insurance Advisor LIC of India - Ahmedabad
Mr. Neel Patel
A presentation specially compiled for
"Insure & be secure"
2. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
Proposed Insurance
Basic Sum
Assured Md
Tax
Beneficiary
^ Install.
Premium
Id Com.Date
Term/
PPT
Plan Name
DAB Rider
SA
Y
1 28/10/2020 936-Jeevan Labh 25/16 5,00,000 23,759
5,00,000
Y
2 28/10/2020 915-New Jeevan Anand 27/27 1,00,000 4,436
1,00,000
Y
3 28/10/2020 915-New Jeevan Anand 28/28 1,00,000 4,263
1,00,000
Y
4 28/10/2020 915-New Jeevan Anand 29/29 1,00,000 4,098
1,00,000
Y
5 28/10/2020 915-New Jeevan Anand 30/30 1,00,000 3,950
1,00,000
Y
6 28/10/2020 915-New Jeevan Anand 31/31 1,00,000 3,812
1,00,000
Y
7 28/10/2020 915-New Jeevan Anand 32/32 1,00,000 3,684
1,00,000
11,00,000
48,002
Annual Premium:
11,00,000
'^' : - Premiums indicated are inclusive of GST.
GST Bifurcation
GST
Comm.
Date
2nd Year Onward
1st Year
Sum
Assured
Details of Plan P R E M I U M
Sr.
No. Pl/Tm/PPT Basic Total GST Total
Md.
28/10/20 936/25/16 5,00,000 22,736 1,023 512
23,759 23,248
1 Y
28/10/20 915/27/27 1,00,000 4,245 191 96
4,436 4,341
2 Y
28/10/20 915/28/28 1,00,000 4,079 184 92
4,263 4,171
3 Y
28/10/20 915/29/29 1,00,000 3,922 176 88
4,098 4,010
4 Y
28/10/20 915/30/30 1,00,000 3,780 170 85
3,950 3,865
5 Y
28/10/20 915/31/31 1,00,000 3,648 164 82
3,812 3,730
6 Y
28/10/20 915/32/32 1,00,000 3,525 159 79
3,684 3,604
7 Y
46,969
1,034
48,002
2,067
45,935
11,00,000
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer:
3. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
Modewise Summary of Installment Premiums
Single
Monthly
Quarterly
Half Yearly
Yearly
FAB
* Bonus
Rate
Plan/Tm/PPT
Id
P R E M I U M
Com. Date **Daily
Opted
23,759 12,001 6,061
28/10/2020 450
50
936/25/16 65.09
2,020 0
1 Y
4,436 2,240 1,131
28/10/2020 540
49
915/27/27 12.15
376 0
2 Y
4,263 2,153 1,087
28/10/2020 650
49
915/28/28 11.68
362 0
3 Y
4,098 2,069 1,045
28/10/2020 760
49
915/29/29 11.23
348 0
4 Y
3,950 1,995 1,007
28/10/2020 900
49
915/30/30 10.82
335 0
5 Y
3,812 1,925 972
28/10/2020 1100
49
915/31/31 10.44
324 0
6 Y
3,684 1,860 939
28/10/2020 1300
49
915/32/32 10.09
312 0
7 Y
48,002 24,243 12,242 131.50
4,077 0
'*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2020
2.
1.
'**' : - Daily premium is for indicative purpose only. Formula used - (Yearly Premium/365).
Medical Requirement Details
Sum at Risk: No
12,50,000 Medical by DMR:
FMR
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer:
5. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
Policy Year Ag Natural Death Accident Death Premium Returns Cash Flow
For the Year
Risk Cover Loan
Available
70 6,00,000 6,00,000 0
0
0
0
42
71 6,00,000 6,00,000 0
0
0
0
43
72 6,00,000 6,00,000 0
0
0
0
44
73 6,00,000 6,00,000 0
0
0
0
45
74 6,00,000 6,00,000 0
0
0
0
46
75 6,00,000 6,00,000 0
0
0
0
47
76 6,00,000 6,00,000 0
0
0
0
48
77 6,00,000 6,00,000 0
0
0
0
49
78 6,00,000 6,00,000 0
0
0
0
50
79 6,00,000 6,00,000 0
0
0
0
51
80 6,00,000 6,00,000 0
0
0
0
52
81 6,00,000 6,00,000 0
0
0
0
53
82 6,00,000 6,00,000 0
0
0
0
54
83 6,00,000 6,00,000 0
0
0
0
55
84 6,00,000 6,00,000 0
0
0
0
56
85 6,00,000 6,00,000 0
0
0
0
57
86 6,00,000 6,00,000 0
0
0
0
58
87 6,00,000 6,00,000 0
0
0
0
59
88 6,00,000 6,00,000 0
0
0
0
60
89 6,00,000 6,00,000 0
0
0
0
61
90 6,00,000 6,00,000 0
0
0
0
62
91 6,00,000 6,00,000 0
0
0
0
63
92 6,00,000 6,00,000 0
0
0
0
64
93 6,00,000 6,00,000 0
0
0
0
65
94 6,00,000 6,00,000 0
0
0
0
66
95 6,00,000 6,00,000 0
0
0
0
67
96 6,00,000 6,00,000 0
0
0
0
68
97 6,00,000 6,00,000 0
0
0
0
69
98 6,00,000 6,00,000 0
0
0
0
70
99 6,00,000 6,00,000 0
0
0
0
71
100 6,00,000 6,00,000 0
5,79,300
5,79,300
0
72
10,70,166 28,51,434
39,21,600
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer:
6. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
Innovative Forecast of Insurance Benefits
For the Year
Age Natural Death Accident Death
For the Year
Payment Returns Cash Flow
Loan
Available
Policy Year
29 26,08,800 37,08,800 48,000 0 -48,000 0
1
30 27,17,600 38,17,600 46,968 0 -46,968 26,049
2
31 28,26,400 39,26,400 46,968 0 -46,968 56,543
3
32 29,35,200 40,35,200 46,968 0 -46,968 1,03,685
4
33 30,44,000 41,44,000 46,968 0 -46,968 1,32,295
5
34 31,52,800 42,52,800 46,968 0 -46,968 1,61,136
6
35 32,61,600 43,61,600 46,968 0 -46,968 1,90,133
7
36 33,70,400 44,70,400 46,968 0 -46,968 2,24,627
8
37 34,79,200 45,79,200 46,968 0 -46,968 2,60,459
9
38 35,88,000 46,88,000 46,968 0 -46,968 2,98,669
10
39 36,96,800 47,96,800 46,968 0 -46,968 3,45,798
11
40 38,05,600 49,05,600 46,968 0 -46,968 3,97,230
12
41 39,14,400 50,14,400 46,968 0 -46,968 4,53,293
13
42 40,23,200 51,23,200 46,968 0 -46,968 5,14,115
14
43 41,64,000 52,64,000 46,968 0 -46,968 5,81,918
15
44 42,83,800 53,83,800 46,968 0 -46,968 6,59,408
16
45 44,03,600 55,03,600 23,720 0 -23,720 7,27,513
17
46 45,23,400 56,23,400 23,720 0 -23,720 8,04,860
18
47 46,53,200 57,53,200 23,720 0 -23,720 8,96,080
19
48 47,94,000 58,94,000 23,720 0 -23,720 9,95,910
20
49 49,44,800 60,44,800 23,720 0 -23,720 11,07,031
21
50 51,39,600 62,39,600 23,720 0 -23,720 12,36,221
22
51 54,32,400 65,32,400 23,720 0 -23,720 13,79,116
23
52 57,37,200 68,37,200 23,720 0 -23,720 15,39,053
24
53 60,66,000 71,66,000 23,720 13,50,000 13,26,280 17,19,501
25
54 35,44,800 41,44,800 23,720 0 -23,720 9,10,686
26
55 37,35,600 43,35,600 23,720 2,86,300 2,62,580 10,23,864
27
56 34,72,000 39,72,000 19,380 3,02,200 2,82,820 9,11,924
28
57 31,44,800 35,44,800 15,209 3,18,100 3,02,891 7,80,570
29
58 27,72,000 30,72,000 11,199 3,37,000 3,25,801 6,26,383
30
59 23,47,600 25,47,600 7,334 3,61,900 3,54,566 4,46,828
31
60 18,23,600 19,23,600 3,604 3,86,800 3,83,196 2,39,117
32
61 12,00,000 12,00,000 0 0 0 0
33
62 12,00,000 12,00,000 0 0 0 0
34
63 12,00,000 12,00,000 0 0 0 0
35
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer:
7. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
For the Year
Age Natural Death Accident Death
For the Year
Payment Returns Cash Flow
Loan
Available
Policy Year
64 12,00,000 12,00,000 0 0 0 0
36
65 12,00,000 12,00,000 0 0 0 0
37
66 12,00,000 12,00,000 0 0 0 0
38
67 12,00,000 12,00,000 0 0 0 0
39
68 12,00,000 12,00,000 0 0 0 0
40
69 12,00,000 12,00,000 0 0 0 0
41
70 12,00,000 12,00,000 0 0 0 0
42
71 12,00,000 12,00,000 0 0 0 0
43
72 12,00,000 12,00,000 0 0 0 0
44
73 12,00,000 12,00,000 0 0 0 0
45
74 12,00,000 12,00,000 0 0 0 0
46
75 12,00,000 12,00,000 0 0 0 0
47
76 12,00,000 12,00,000 0 0 0 0
48
77 12,00,000 12,00,000 0 0 0 0
49
78 12,00,000 12,00,000 0 0 0 0
50
79 12,00,000 12,00,000 0 0 0 0
51
80 12,00,000 12,00,000 0 0 0 0
52
81 12,00,000 12,00,000 0 0 0 0
53
82 12,00,000 12,00,000 0 0 0 0
54
83 12,00,000 12,00,000 0 0 0 0
55
84 12,00,000 12,00,000 0 0 0 0
56
85 12,00,000 12,00,000 0 0 0 0
57
86 12,00,000 12,00,000 0 0 0 0
58
87 12,00,000 12,00,000 0 0 0 0
59
88 12,00,000 12,00,000 0 0 0 0
60
89 12,00,000 12,00,000 0 0 0 0
61
90 12,00,000 12,00,000 0 0 0 0
62
91 12,00,000 12,00,000 0 0 0 0
63
92 12,00,000 12,00,000 0 0 0 0
64
93 12,00,000 12,00,000 0 0 0 0
65
94 12,00,000 12,00,000 0 0 0 0
66
95 12,00,000 12,00,000 0 0 0 0
67
96 12,00,000 12,00,000 0 0 0 0
68
97 12,00,000 12,00,000 0 0 0 0
69
98 12,00,000 12,00,000 0 0 0 0
70
99 12,00,000 12,00,000 0 0 0 0
71
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer:
8. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
For the Year
Age Natural Death Accident Death
For the Year
Payment Returns Cash Flow
Loan
Available
Policy Year
100 12,00,000 12,00,000 0 5,79,300 5,79,300 0
72
28,51,434
39,21,600
10,70,166
Payment to L.I.C. indicates Annual Premium
Returns in the Year indicates Normal Cash Flow and /or Cash Flow taken from L.I.C. in installments (Inclusive of Interest).
Explanatory Notes
Age and Returns shown are at the end of the specific year.
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer:
9. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
Personal Data: DOB: 03/09/1992
K e y A s s u m p t i o n s
Income Tax: Sec. 80C Limit Available: 150000Sec. 80D Limit Available: 15000
Tax Savings on premiums will be @ 30.90 % u/s 80C and @ 30.90 % u/s 80D
Terminal Bonus: On applicable plans, last declared terminal bonus of their respective matching discontinued plans has also been
considered.
Bonus: On applicable plans, last declared reversionary bonus has been considered for the purpose of projected Riskcover and
Returns.
Projections:
Age and Returns shown are at the end of the specific year.
Note : For Plan 915 - Amount shown at age 99 is surrender value, however it’s not compulsory to surrender the policy, policy
holder can enjoy life cover till life.
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer:
11. Rajendra B Jain
Nidhi Investment Consultant
Life Insurance Advisor
LIC of India - Ahmedabad
+919898367973
Ref. No. 000000000080
Magic Mix Illustration for Mr. Neel Patel (age 28)
Premium Calendar
Mar
Feb
Jan
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Id
-
-
-
-
-
23,759
-
-
-
-
-
-
1
-
-
-
-
-
4,436
-
-
-
-
-
-
2
-
-
-
-
-
4,263
-
-
-
-
-
-
3
-
-
-
-
-
4,098
-
-
-
-
-
-
4
-
-
-
-
-
3,950
-
-
-
-
-
-
5
-
-
-
-
-
3,812
-
-
-
-
-
-
6
-
-
-
-
-
3,684
-
-
-
-
-
-
7
48,002
- - - -
- - - - - 48,002 - -
Annual Premium :
The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
Disclaimer: