Tuesday 22 January 2013
Retire and enjoy plan presentation from ME
Presented by
SANJEEV R POTADAR
e-mail:POTADARSANJEEV@GMAIL.COM
PHO NO:9900804198
The objective of this proposal is to provide financial security to your family during your
productive span and a happy independent retired lifestyle for yourself and your spouse
when you decide to retire.
Under this insurance proposal you will need to make
premium payments of Rs.87809/- p.a. from your own
funds till your age of 59 years. This proposal provides
for a high riskcover of Rs.2067225/- starting at age 40
and growing to Rs.3915426/- upto age 60.
In the year 2033 when you become 60 years of age,
this plan will provide for regular tax-free income to
support your comfortable retired life till age 75. The
income has been planned such that it takes care of
inflation of 6% every year. Additionally, this plan also
keeps your life covered in this period. In case of death
during this period a lumpsum amount shall be paid to
your nominee.
No premiums are payable from own fund after deferment
period, that is, after age 59.
Premiums are available for exemption under sec.80 CCE
of income tax act upto Rs.100000/- per annum.
In the event of any emergency or financial difficulties,
there is a provision under this Magic Plan to provide loan
against the insurance policy. The loan is available after 2
years of completion of the policy and payment
Quotation Ref.No.
Proposer’s Name Proposer’s Age
Quotation Date
Dr. DR.SANJAY B PATIL 40 (nearer birthday)
DR.SBPATIL 21/01/2013
Sum Proposed 1975000 Yearly Premium 87809
:
:
:
:
:
:
Sec.80 CCE Invt. Lmt. : 100000 Sec.80 CCE Tax Rebate : 30.90 %
Benefits During Deferment Period
Age YearlyPremiumLoan Year Available Risk Cover Normal Accident
2013 40 2067225 2567225 87809 0
2014 41 2159450 2659450 87809 0
2015 42 2251675 2751675 87809 51500
2016 43 2343900 2843900 87809 119750
2017 44 2436125 2936125 87809 164500
2018 45 2528350 3028350 87809 215750
2019 46 2620575 3120575 87809 274250
2020 47 2712800 3212800 87809 340750
2021 48 2805025 3305025 87809 414250
2022 49 2897250 3397250 87809 498500
2023 50 2989475 3489475 87809 592500
2024 51 3081700 3581700 87809 696750
2025 52 3173925 3673925 87809 812250
2026 53 3266150 3766150 87809 939750
2027 54 3378125 3878125 87809 1082500
2028 55 3480225 3980225 87809 1240750
2029 56 3582325 4082325 87809 1417500
2030 57 3684425 4184425 87809 1615750
2031 58 3786525 4286525 87809 1840250
2032 59 3915426 4415426 87809 2090000
1756180
* The above projection is based on assumptions
Monday 21 January 2013
about jeevan tarang plan THIS IS 3G PLAN
introduction:
This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
Accumulation Period :
The plan offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.
The plan offers three Accumulation periods – 10, 15 and 20 years. A proposer may choose any of them.
Payment of Premium:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy.
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals or through salary deductions over the Accumulation Period. Alternatively, a Single Premium can be paid on commencement of a policy.
Sample Premium Rates:
The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.
The tables below provide tabular premiums for various age-term combinations for Rs. 1000/- Sum Assured.
Regular premiums
| |||
Accumulation period
| |||
Age
|
10 years
|
15 years
|
20 years
|
Up to 40 years
|
109.10
|
71.40
|
51.50
|
41 to 45 years
|
109.10
|
71.40
|
53.40
|
46 to 50 years
|
109.10
|
73.80
|
56.60
|
51 to 55 years
|
111.80
|
77.90
|
-
|
56 to 60 years
|
116.60
|
-
|
-
|
Single premiums
| |||
Accumulation period
| |||
Age
|
10 years
|
15 years
|
20 years
|
Up to 46 years
|
756.00
|
644.00
|
548.00
|
47 years
|
756.00
|
644.00
|
549.00
|
48 years
|
756.00
|
644.00
|
552.00
|
49 years
|
756.00
|
644.00
|
555.20
|
50 years
|
756.00
|
644.00
|
558.90
|
51 to 55 years
|
756.00
|
644.00
|
-
|
56 to 60 years
|
756.00
|
-
|
-
|
Participation in Profits:
Policies under this plan shall participate in profits of the Corporation. During the accumulation period policies shall be entitled to receive simple reversionary bonuses which will be payable on survival to the end of the accumulation period or on earlier death. After the accumulation period, policies will be entitled to receive a Loyalty Addition payable on maturity or earlier death. The amount of simple reversionary bonus and Loyalty Addition will depend on the experience of the Corporation.
Policies under this plan shall participate in profits of the Corporation. During the accumulation period policies shall be entitled to receive simple reversionary bonuses which will be payable on survival to the end of the accumulation period or on earlier death. After the accumulation period, policies will be entitled to receive a Loyalty Addition payable on maturity or earlier death. The amount of simple reversionary bonus and Loyalty Addition will depend on the experience of the Corporation.
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