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    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    16 views3 pages

    Rad 02 E0 B

    Uploaded by

    Harish Chand
    Why Insurance Almost each one of us has bought or plans to buy life insurance. The usual process is contact an insurance agent who helps you estimate the policy value and goes ahead and buys the policy on your behalf. So you feel good that you now have a life policy showing how much you worth! Take a step back before you buy that policy. Have you ever considered buying more then one policy value you desire? There are some great gains in doing so. These are.... During Financial lows If you go through a situation where you are financially constrained to surrender your life policy, you will lose the cover for the entire policy even if you do not need the entire surrender value of the policy. For instance if your policy's surrender value is Rs 10 Lakh and you need Rs 4 Lakh cash, you will have to cancel the entire policy and lose life over completely. had this policy of Rs 10 lakh been taken as 2 policies of Rs 5 lakh each, you could have surrendered just one policy. You would still remain covered for Rs 5 lakh! Distributing your estate Breaking up your life policy help in this count too. Taking the same example, instead of having one Rs 10 lakh policy, having 2 Rs 5 Lakh policies helps allocate your estate among your children ( this is an ideal situiation if you have 2 children - each child gets proceeds from one policy). Taking a loan You can use your life policy as a pledgeable security while taking a loan. Lenders as well as the insurer usually offers loans up to a specified percentage of the surrender value of the policy. If you dont need a loan to the extent of the amount you are eligible for, you will still have to offer the entire policy as security to the lender till the repayment of the loan. During the period the policy remains with the lender, he is eligible for all the rights to the policy. However if you break up your policies, you need to pledge only just that many policies to raise the necessary loan. Tax Benefits Section 88 of the Income Tax Act states that premium paid on a life policy is eligible for tax rebate. The beneficiary may be different from the premium paying person. For instance your wife can pay premium for your policy and claim the tax benefit. Breaking up for life policy helps in this case too. If the premium paid on a consolidated policy is higher than the amount of rebate you need, you can break the policy to claim the entire tax rebate. This can be done by another tax paying family member paying the premium for one policy and claiming the rebate. Meeting your life goals You can divide your life insurance portfolio into a number of policies spread over different tenors to give you a stream of steady income to take care of your life's financial commitments like children's education and marriage, buying property, asving up for your old age etc. Check out specific plans structured by insurers specifically for these purposes. What if you have already taken a consolidated life policy? Dont despair. You can break it to peices! contact your insurance agent to guide you to doing so. By paying a small sum to the insurer, your policy can be broken up into more than one, without any loss to you. It is worth the efforts. Contact Us Harish Chand [Authorised LIC Agent] 9811896425 9212201725 www.delhilicagent.com harishchand@in.com

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    of 3

    Harish Chand

    Delhi LIC Agent


    577, GH-9, PASCHIM VIHAR
    NEW DELHI- 110087
    INDIA, 9811896425, 9212201725
    www.delhiLICagent.com

    Data Sheet of Shri Harish


    Date : 12/07/2011
    Group Code : Harish

    Personal Code : 1

    Group Head : Shri Harish

    Pin:

    Resident
    Address

    Pin:

    Office
    Address

    Tel No.(R)

    Tel No. (O)

    Fax No.

    E-mail

    Mobile

    Location

    Personal Information
    Birth Date (Rec) : 28/02/1982

    Birth Date (Greeting) : 28/02/1982

    Birth Place :

    Age Proof : Others

    Nationality :

    Father's Name :

    PAN :

    Marriage Date :

    Spouse Name :

    Qualification :

    Income Sources :

    Occupation : Others

    Annual Income : 0

    Duties :

    Employer :

    Length of Service :
    Remarks :

    Medical Detail
    Medical Date :

    Medical History Date :

    Height

    Limit :

    Weight

    Doctors Name :
    Identification :

    Chest

    Major Illness :

    Abdomen

    Operation :

    Blood Group
    Pulse

    Special Reports :

    Spectacles
    Dental
    B.P.

    Family History
    Family History Date :

    Policy No

    Com.
    Date

    Present Age

    Relation

    Pl/Tm/Pt

    Sum

    Premium

    Md.

    Ag
    Cd

    Brn.

    Health

    Nominee

    Age at Death Cause of Death

    Rel.

    F.U.P.
    Date

    Med/
    NM

    DAB

    Extra
    Prem.

    SA Duly
    Rated Tax Ben.
    125000

    332971212

    12/04/10

    165/25/25

    125000

    510.00

    Mly.

    11W

    12/07/11

    332971547

    19/04/10

    165/20/20

    125000

    1531.00

    Qly.

    11W

    19/01/12

    125000

    332973422

    18/05/10

    165/25/25

    125000

    1531.00

    Qly.

    11W

    18/02/11

    125000

    332975032

    26/06/10

    165/25/25

    625000

    2552.00

    Mly.

    11W

    26/07/11

    625000

    332976767

    22/07/10

    165/25/25

    250000

    1021.00

    Mly.

    11W

    22/05/11

    250000

    332977838

    13/08/10

    165/20/20

    500000

    6125.00

    Qly.

    11W

    13/08/11

    500000

    332977843

    13/08/10

    149/69/69

    300000

    1363.00

    Mly.

    11W

    13/06/11

    300000

    332978700

    28/08/10

    165/25/25

    125000

    6005.00

    Yly.

    11W

    28/08/11

    125000

    332979062

    31/08/10

    191/15/15

    5000.00

    Qly.

    11W

    31/08/11

    332979769

    15/09/10

    165/21/21

    250000

    1021.00

    Mly.

    11W

    15/06/11

    Insure And Be Secure

    250000

    Harish Chand
    Delhi LIC Agent
    577, GH-9, PASCHIM VIHAR
    NEW DELHI- 110087
    INDIA, 9811896425, 9212201725
    www.delhiLICagent.com
    Mly.

    11W

    20/04/11

    250000

    8975.00

    Qly.

    11W

    20/06/11

    500000

    1021.00

    Mly.

    11W

    20/04/11

    250000

    250000

    12010.00

    Yly.

    11W

    20/09/11

    250000

    165/16/16

    2500000

    30625.00

    Qly.

    11W

    20/06/11

    2500000

    06/10/10

    165/26/26

    2050000

    98482.00

    Yly.

    11W

    06/10/11

    2050000

    13/12/10

    149/50/50

    200000

    17431.00

    Yly.

    11W

    13/12/11

    200000

    332979878

    20/09/10

    165/21/21

    250000

    1021.00

    332979880

    20/09/10

    149/75/75

    500000

    332979881

    20/09/10

    165/21/21

    250000

    332979885

    20/09/10

    165/16/16

    333221397

    20/09/10

    333222003
    333223541
    333223986

    23/12/10

    165/21/21

    250000

    1021.00

    Mly.

    11W

    23/06/11

    250000

    333224348

    27/12/10

    165/30/30

    500000

    12130.00

    Hly.

    11W

    27/12/11

    500000

    333225657

    07/01/11

    149/79/79

    150000

    2700.00

    Qly.

    11W

    07/07/11

    150000

    333225671

    07/01/11

    149/73/73

    450000

    5968.00

    Qly.

    11W

    07/07/11

    450000

    333225869

    28/04/10

    165/25/25

    500000

    6125.00

    Qly.

    11W

    28/01/11

    500000

    333225875

    28/04/10

    149/75/75

    200000

    3665.00

    Qly.

    11W

    28/07/11

    200000

    333226107

    14/01/11

    149/71/71

    300000

    15632.00

    Yly.

    11W

    14/01/12

    300000

    333226108

    14/01/11

    149/73/73

    200000

    10486.00

    Yly.

    11W

    14/01/12

    200000

    333226386

    25/12/10

    165/25/25

    500000

    24020.00

    Yly.

    11W

    25/12/11

    500000

    333226389

    19/01/11

    75/20/20

    200000

    6406.00

    Hly.

    11W

    19/07/11

    200000

    333226498

    28/04/10

    165/25/25

    250000

    3062.00

    Qly.

    11W

    28/01/11

    250000

    333226601

    22/01/11

    165/25/25

    125000

    3032.00

    Hly.

    11W

    22/07/11

    125000

    333226672

    24/01/11

    165/20/20

    250000

    3062.00

    Qly.

    11W

    24/04/11

    250000

    333227600

    08/02/11

    75/20/20

    400000

    6525.00

    Qly.

    11W

    08/08/11

    400000

    333228162

    15/02/11

    165/25/25

    500000

    24020.00

    Yly.

    11W

    15/02/12

    500000

    333228208

    17/02/11

    165/35/35

    1250000

    5104.00

    Mly.

    11W

    17/07/11

    1250000

    333228628

    24/02/11

    165/25/25

    500000

    24020.00

    Yly.

    11W

    24/02/12

    500000

    333228629

    24/02/11

    75/20/20

    200000

    6509.00

    Hly.

    11W

    24/08/11

    200000

    333229695

    09/03/11

    165/25/25

    62500

    255.00

    Mly.

    11W

    09/07/11

    62500

    333229696

    09/03/11

    165/25/25

    62500

    255.00

    Mly.

    11W

    09/07/11

    62500

    333229697

    09/03/11

    165/25/25

    100000

    408.00

    Mly.

    11W

    09/07/11

    100000

    333229699

    09/03/11

    165/25/25

    100000

    408.00

    Mly.

    11W

    09/07/11

    100000

    333229802

    01/02/11

    165/25/25

    625000

    7656.00

    Qly.

    11W

    01/08/11

    625000

    333229837

    11/03/11

    165/25/25

    375000

    4594.00

    Qly.

    11W

    11/03/12

    375000

    333230817

    25/03/11

    165/35/35

    250000

    12010.00

    Yly.

    11W

    25/03/12

    250000

    333231679

    28/03/11

    165/35/35

    125000

    6005.00

    Yly.

    11W

    28/03/12

    125000

    333232536

    28/03/11

    165/21/21

    62500

    255.00

    Mly.

    11W

    28/07/11

    62500

    333232537

    28/03/11

    165/22/22

    62500

    255.00

    Mly.

    11W

    28/07/11

    62500

    333232539

    28/03/11

    165/23/23

    62500

    255.00

    Mly.

    11W

    28/07/11

    62500

    333232540

    28/03/11

    165/24/24

    62500

    255.00

    Mly.

    11W

    28/07/11

    62500

    333233251

    18/04/11

    165/25/25

    250000

    1021.00

    Mly.

    11W

    18/05/11

    250000

    333233252

    18/04/11

    165/25/25

    250000

    1021.00

    Mly.

    11W

    18/05/11

    250000

    333233738

    27/04/11

    165/35/35

    250000

    12010.00

    Yly.

    11W

    27/04/12

    250000

    333233739

    27/04/11

    165/35/35

    250000

    12010.00

    Yly.

    11W

    27/04/12

    250000

    333234833

    24/05/11

    165/25/25

    125000

    510.00

    Mly.

    11W

    24/06/11

    125000

    333234956

    25/05/11

    165/35/35

    250000

    1021.00

    Mly.

    11W

    25/06/11

    250000

    333235908

    14/06/11

    165/25/25

    250000

    1021.00

    Mly.

    11W

    14/07/11

    250000

    333236961

    28/06/11

    165/21/21

    500000

    2042.00

    Mly.

    11W

    28/07/11

    500000

    333236985

    28/06/11

    165/21/21

    500000

    12130.00

    Hly.

    11W

    28/12/11

    500000

    333237482

    05/07/11

    149/73/73

    300000

    15429.00

    Yly.

    11W

    05/07/12

    300000

    333237672

    11/07/11

    165/21/21

    250000

    3062.00

    Qly.

    11W

    11/10/11

    250000

    Total :

    20275000

    1054200.00 p.a.

    20275000

    Insure And Be Secure

    Harish Chand
    Delhi LIC Agent
    577, GH-9, PASCHIM VIHAR
    NEW DELHI- 110087
    INDIA, 9811896425, 9212201725
    www.delhiLICagent.com

    Insure And Be Secure

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