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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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    Harish Chand: Multi - Plan Chart

    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

    Multi - Plan Chart


    Date : 06/10/2010

    Wonder-Plan Quotation

    Quotation No

    : Ch03

    Chart Date

    : 14/09/2010

    Name

    : Shivam

    Chart required upto

    : 14/09/2035

    Date of Birth

    : 14/09/1996

    I. T. Slab

    : 33.99%

    Sec.80 CCE Inv. Limit

    : 14

    : 9.00%

    Loan Interest Rate

    Sr.
    No

    Age

    : 100000

    Sum

    M
    d

    Jeevan Surabhi - 25 Year

    100000

    Total :

    100000

    Year

    Plan/Tm/
    Prem. Tm

    Plan Name

    2010

    108/25/18

    Interim
    Bonus
    Rate

    Loan Re-Investment Rate

    : 10.50%

    Maturity/S.B. proceeds Re-invt. Rate

    : 7.00%

    Sec.80 CCE Tax Rebate

    : 33.99%

    Assu
    Bonus
    Rate

    50

    50

    Assu
    Step
    Rate A/c

    Basic
    Premium

    0.00

    Installment
    Premium

    7379

    7379

    7379

    7379

    Annual
    Premium

    Mat
    Date

    7379

    14/09/35

    7379 p.a.

    Modewise Premium Summary


    Mode of Payment
    Sr.
    No

    Year

    Plan

    Term

    2010

    108

    25

    Premium
    Term

    Yearly

    Half Yearly

    Quaterly

    Monthly

    SSS

    18

    7379

    3747

    1902

    666

    634

    Total :

    7379

    3747

    1902

    666

    634

    1. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2010

    2. '#' : - Assuming that bonus rate declared by LIC will increase/decrease per year by step rate mentioned above.

    3. ** If premiums paid during the year for any policy exceeds 20% of Sum Assured then Maturity proceeds will be taxable and
    eligible amount for section 80 CCE rebate will be restricted to 20% of Sum Assured.

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

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

    Multi - Plan Chart

    Insurance Facts
    Quotation No

    : Ch03

    Chart Date

    14/09/2010

    Name

    : Shivam

    Chart required upto

    14/09/2035

    Date of Birth

    : 14/09/1996

    I. T. Slab

    33.99%

    Age

    : 14

    Accident

    Annual
    Premium

    Tax
    Saved

    Normal

    Nett
    Premium

    Returns
    From L.I.C.

    New Loan
    Available

    Total Loan
    Available

    Risk Cover
    Year

    Age

    2010

    14

    105000

    105000

    7379

    2508

    4871

    2011

    15

    110000

    110000

    7379

    2508

    4871

    2012

    16

    115000

    115000

    7379

    2508

    4871

    5000

    5000

    2013

    17

    120000

    120000

    7379

    2508

    4871

    4000

    9000

    2014

    18

    125000

    125000

    7379

    2508

    4871

    20000

    4750

    4750

    2015

    19

    180000

    180000

    7379

    2508

    4871

    3500

    8250

    2016

    20

    185000

    185000

    7379

    2508

    4871

    4000

    12250

    2017

    21

    190000

    190000

    7379

    2508

    4871

    4500

    16750

    2018

    22

    195000

    195000

    7379

    2508

    4871

    20000

    11500

    11500

    2019

    23

    200000

    200000

    7379

    2508

    4871

    5000

    16500

    2020

    24

    255000

    255000

    7379

    2508

    4871

    5750

    22250

    2021

    25

    260000

    260000

    7379

    2508

    4871

    6500

    28750

    2022

    26

    265000

    265000

    7379

    2508

    4871

    20000

    14000

    22750

    2023

    27

    270000

    270000

    7379

    2508

    4871

    7500

    30250

    2024

    28

    277000

    277000

    7379

    2508

    4871

    8250

    38500

    2025

    29

    330000

    330000

    7379

    2508

    4871

    20000

    16000

    34500

    2026

    30

    335000

    335000

    7379

    2508

    4871

    9250

    43750

    2027

    31

    340000

    340000

    7379

    2508

    4871

    10000

    53750

    2028

    32

    345000

    345000

    20000

    11750

    45500

    2029

    33

    357500

    357500

    5750

    51250

    2030

    34

    405000

    405000

    6750

    58000

    2031

    35

    410000

    410000

    8000

    66000

    2032

    36

    415000

    415000

    9250

    75250

    2033

    37

    420000

    420000

    10250

    85500

    2034

    38

    440000

    440000

    15750

    101250

    2035

    39

    0
    Total :

    140000

    132822

    45144

    87678

    240000

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

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

    Multi - Plan Chart

    Yield on Investments 12.38 %

    Medical Requirement Details


    A. S. A. :

    100000

    Medical by D.M.R.

    No

    Special Reports
    Height and weight to be mentioned in the ACR, Copy of latest school report

    The above statement is based on certain assumptions which are


    liable to change according to Government/Corporation's policies.

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