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  • Jeevan Saral Plan Presentation For Himanshu Arora: Harish Chand

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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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    Jeevan Saral Plan Presentation For Himanshu Arora: Harish Chand

    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

    Jeevan Saral Plan Presentation For Himanshu Arora


    Date : 16/12/2010
    HIGHLIGHTS

    LICs Jeevan Saral is a unique plan having good features of the conventional plans and
    the flexibility of unit linked plans. To the policyholder it provides
    higher cover

    a smooth return,
    liquidity and
    a lot of flexibility

    BENEFITS:
    On death:
    250 times the monthly premium, plus

    return of premiums excluding extra/rider premium and

    plus
    the loyalty addition, if any.

    first year premium,

    On Maturity:
    Maturity sum assured, plus

    The Loyalty Additions, if any

    Special Features:
    High risk cover at low premium

    Extended risk cover for one year after 3 years premium payment.
    Optional higher cover through Term Riders
    The policyholder can choose a maximum term but can surrender at any time
    without any surrender penalty or loss after 5 years
    Any number of withdrawals through partial surrendering

    ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:

    Age at entry

    : Minimum 12 (completed) and maximum 60 years nearest

    Age at maturity: Maximum 70 years.


    Term

    : All terms from 10 to 35 years.

    Premium

    : Minimum premium of Rs.250/- per month for entry age

    Mode

    upto 49 years and Rs.400/- per month for entry age 50


    years and above. There will be no limit on the maximum
    premium per month.
    : Yearly, Half-yearly, Quarterly and Monthly under Salary
    Saving Scheme

    In case of term rider, minimum and maximum age at entry will be 18 and 50 years
    respectively. Further minimum sum assured will be Rs.1 lakh.

    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

    Jeevan Saral Plan Presentation For Himanshu Arora


    Pg. 2

    Jeevan Saral Plan Continued ...

    Name
    Mr.:Himanshu Arora

    Age : 25 years

    Term
    :
    21 Years

    Mode : Monthly

    Premium Budget p. m. : 2000

    Installment Premium : 2000


    Term Rider Premium : 0

    Term Rider : 0
    DAB : 500000

    DAB Premium : 42

    Total Installment Premium : 2042

    Total Annual Premium : 24504

    Section 80 CCE Invst. Limit : 100000

    Section 80 CCE Tax Savings : 33.99 %

    Risk Cover Benefits

    DEATH BENEFIT
    Total

    Variable
    Year Age
    2010
    2011
    2012
    2013
    2014
    2015
    2016
    2017
    2018
    2019
    2020
    2021
    2022
    2023
    2024
    2025
    2026
    2027
    2028
    2029
    2030

    25
    26
    27
    28
    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44
    45

    Annual
    Premium

    Tax
    Saved

    Nett
    Premium

    Total
    Premium Paid

    Guaranteed

    Scenario1

    Scenario2

    Scenario1

    Scenario2

    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504

    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329

    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175

    16175
    32350
    48525
    64700
    80875
    97050
    113225
    129400
    145575
    161750
    177925
    194100
    210275
    226450
    242625
    258800
    274975
    291150
    307325
    323500
    339675

    500000
    524000
    548000
    572000
    596000
    620000
    644000
    668000
    692000
    716000
    740000
    764000
    788000
    812000
    836000
    860000
    884000
    908000
    932000
    956000
    980000

    0
    0
    0
    0
    0
    0
    0
    0
    0
    79368
    89931
    102654
    115965
    129341
    142307
    165059
    190563
    219057
    250770
    285964
    325455

    0
    0
    0
    0
    0
    0
    0
    0
    0
    156255
    187443
    224493
    266302
    312868
    364297
    431429
    507946
    594881
    693345
    804580
    930486

    500000
    524000
    548000
    572000
    596000
    620000
    644000
    668000
    692000
    795368
    829931
    866654
    903965
    941341
    978307
    1025059
    1074563
    1127057
    1182770
    1241964
    1305455

    500000
    524000
    548000
    572000
    596000
    620000
    644000
    668000
    692000
    872255
    927443
    988493
    1054302
    1124868
    1200297
    1291429
    1391946
    1502881
    1625345
    1760580
    1910486

    514584

    174909

    339675

    Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of
    LICs projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.
    90% of the premium is estimated as average investible portion in this Illustration.

    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

    Jeevan Saral Plan Presentation For Himanshu Arora


    Pg. 3

    Jeevan Saral Plan Continued ...

    Name
    Mr.:Himanshu Arora

    Age : 25 years

    Term
    :
    21 Years

    Mode : Monthly

    Premium Budget p. m. : 2000

    Installment Premium : 2000


    Term Rider Premium : 0

    Term Rider : 0
    DAB : 500000

    DAB Premium : 42

    Total Installment Premium : 2042

    Total Annual Premium : 24504

    Section 80 CCE Invst. Limit : 100000

    Section 80 CCE Tax Savings : 33.99 %

    Maturity / Surrender Value Benefits

    MATURITY / SURRENDER VALUE BENEFIT


    Total

    Variable
    Tax
    Saved

    Nett
    Premium

    Total
    Premium Paid

    Guaranteed

    Scenario1

    Scenario2

    Scenario1

    Scenario2

    16175
    32350
    48525
    64700
    80875
    97050
    113225
    129400
    145575
    161750
    177925
    194100
    210275
    226450
    242625
    258800
    274975
    291150
    307325
    323500
    339675

    0
    0
    41056
    65700
    94740
    117960
    142140
    167400
    194060
    222420
    252860
    283600
    316360
    351820
    390620
    422740
    455400
    488560
    522200
    556280
    590220

    0
    0
    0
    0
    0
    0
    0
    0
    0
    79368
    89931
    102654
    115965
    129341
    142307
    165059
    190563
    219057
    250770
    285964
    325455

    0
    0
    0
    0
    0
    0
    0
    0
    0
    156255
    187443
    224493
    266302
    312868
    364297
    431429
    507946
    594881
    693345
    804580
    930486

    0
    0
    41056
    65700
    94740
    117960
    142140
    167400
    194060
    301788
    342791
    386254
    432325
    481161
    532927
    587799
    645963
    707617
    772970
    842244
    915675

    0
    0
    41056
    65700
    94740
    117960
    142140
    167400
    194060
    378675
    440303
    508093
    582662
    664688
    754917
    854169
    963346
    1083441
    1215545
    1360860
    1520706

    Year

    Age

    Annual
    Premium

    2010
    2011
    2012
    2013
    2014
    2015
    2016
    2017
    2018
    2019
    2020
    2021
    2022
    2023
    2024
    2025
    2026
    2027
    2028
    2029
    2030

    25
    26
    27
    28
    29
    30
    31
    32
    33
    34
    35
    36
    37
    38
    39
    40
    41
    42
    43
    44
    45

    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504
    24504

    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329
    8329

    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175
    16175

    514584

    174909

    339675

    Note : The figures in columns Scenario 1 and Scenario 2 above are non-guaranteed. They are estimated on the assumption of
    LICs projected investment rate of return of 6% and 10% respectively on the investible portion of the premium.
    90% of the premium is estimated as average investible portion in this Illustration.

    The above statement is based on certain assumptions which are


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

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