JEEVAN UMANG 3 Generation Plan Jeevan Umang with Jeevan Lakshya

Transcription

1 JEEVAN UMANG 3 Generation Plan Jeevan Umang with Jeevan Lakshya 1. Benefits for Proposer ( 1 st Generation): This plan provides you the opportunity to confirm today itself the exact amount of Tax free income required by you till age 1. You will also get Lump Sum Amount after Selected Term of 15/2/25 years. 2. Benefits for 2 nd Generation: a. In case of your death after start of regular Tax free income: Child/Spouse will get same Regular Tax free Income for their life time. b. In case of your death before start of regular Tax free income: Child/Spouse will get lump sum amount immediately (Optional). Regular Income per annum to pay premiums of their policy. Lump Sum Amount after Selected Term. Regular Tax Free Income after Selected Term for their Life time. 3. Benefits for 3 rd Generation: On Death of Child/Spouse your Grand Children will get death benefit. 4. Liquidity: In case of emergency, yourself/child/spouse can even take Cash Value of Policy any time after tax free income starts. s and Benefits are as under: Paying Term 15 years 2 years 25 years 3 years Age of Child 15 years 1 years 5 years years Age of Proposer 45 years 4 years 35 years 3 years Tax Free Income Required 1,2, 1,2, 1,2, 1,2, for Child without GST 1,16, 78, 56, 43, for Proposer without GST 1,2, 48, 26, 19, Total Annual without GST 2,18, 1,26, 82, 62, Total s Payable lacs lacs lacs 13.8 lacs Lump Sum Amount** at end of PPT 2 lacs 16 lacs 16 lacs 12. lacs ( After 25 years) Maturity Amount* at Age 1 of Child 2.22 Crores 2.19 Crores 2.16 Crores 1.66 Crores Death Benefit* up to Age 1 of child 2.22 Crores 2.19 Crores 2.16 Crores 1.66 Crores Cash Value* after PPT : At age 6 of Proposer 25 lacs 3 lacs 34 lacs 4 lacs At age 65 of Proposer 28 lacs 35 lacs 4 lacs 5 lacs At age 7 of Proposer 32 lacs 41 lacs 5 lacs 6 lacs At age 75 of Proposer 39 lacs 51 lacs 6 lacs 72 lacs At age 8 of Proposer 49 lacs 61 lacs 72 lacs 86 lacs Jeevan Lakshya is in the name of Proposer and Jeevan Umang is in the name of Child/Spouse *Maturity Amount, Death Benefit and Cash Value are as per Benefit Illustration Scenario-2 i.e. Gross Investment **Lump Sum at end of PPT is calculated as per current bonus rates. 21 / Prerana Induction Training - Plan Combinations

2 Cash Flow: Year Proposer Age Annual Tax Saved Nett. s From L I C Cash Value Total Loan Available ,185 85, ,351 83, ,351 83,351 72,782 65, ,351 83,351 1,95,324 1,68, ,351 83,351 2,52,579 2,13, ,351 83,351 3,18,51 2,62, ,351 83,351 3,9,983 3,26, ,351 83,351 4,74,326 3,99, ,351 83,351 5,66,73 4,8, ,351 83,351 6,69,91 5,7, ,351 83,351 7,82,62 6,71, ,351 83,351 9,6,35 7,8, ,351 83,351 1,56,12 9,7, ,351 83,351 12,23,333 1,54, ,351 83,351 14,1,184 12,19, ,351 83,351 16,18,146 14,2, ,351 83,351 18,21,52 15,82, ,351 83,351 2,49,549 17,84, ,351 83,351 23,7,236 2,11, ,351 83,351 25,99,252 22,7, ,351 83,351 29,32,56 25,64, ,351 83,351 33,31,222 29,17, ,213 57,213 36,26,733 31,79, ,213 57,213 39,47,125 34,64, ,213 57,213 44,55,511 39,13, ,98,25 38,47,5 6,31, ,2, 39,58,2 6,31, ,2, 4,82,4 6,31, ,2, 42,6,6 6,31, ,2, 43,3,8 6,31, ,2, 45,2,25 6,31, ,2, 46,8,45 6,31, ,2, 48,92,4 6,31, ,2, 51,4,35 6,31, ,2, 53,16,3 6,31, ,2, 55,28,25 6,31, ,2, 57,4,2 6,31, ,2, 59,52,15 6,31, ,2, 61,64,1 6,31, ,2, 63,76,5 6,31, ,2, 65,88, 6,31, ,2, 68,13,45 6,31, ,2, 7,45,65 6,31, ,2, 72,77,85 6,31, ,2, 75,37,5 6,31, ,2, 77,96,25 6,31, ,2, 8,55,45 6,31, ,2, 83,41,65 6,31, ,2, 86,27,85 6,31, ,2, 89,27,55 6,31, ,2, 92,27,25 6,31, ,2, 95,4,45 6,31, ,2, 98,67,15 6,31, ,2, 1,2,7,35 6,31,5 Prerana Induction Training - Plan Combinations / 211

3 Cash Flow: Year Proposer Age Annual Tax Saved Nett. s From L I C Cash Value Total Loan Available ,2, 1,5,47,55 6,31, ,2, 1,9,1,25 6,31, ,2, 1,12,54,95 6,31, ,2, 1,16,22,15 6,31, ,2, 1,19,89,35 6,31, ,2, 1,23,56,55 6,31, ,2, 1,27,37,25 6,31, ,2, 1,31,17,95 6,31, ,2, 1,35,12,15 6,31, ,2, 1,38,92,85 6,31, ,2, 1,42,87,5 6,31, ,2, 1,46,81,25 6,31, ,2, 1,5,61,95 6,31, ,2, 1,54,56,15 6,31, ,2, 1,58,36,85 6,31, ,2, 1,62,17,55 6,31, ,2, 1,65,84,75 6,31, ,2, 1,69,51,95 6,31, ,2, 1,73,19,15 6,31, ,2, 1,76,72,85 6,31, ,2, 1,8,13,5 6,31, ,2, 1,83,39,75 6,31, ,2, 1,86,52,95 6,31, ,2, 1,89,66,15 6,31, ,2, 1,92,52,35 6,31, ,2, 1,95,25,5 6,31, ,2, 1,97,84,25 6,31, ,2, 2,,29,95 6,31, ,2, 2,2,48,65 6,31, ,2, 2,4,53,85 6,31, ,2, 2,6,32,5 6,31, ,2, 2,7,96,75 6,31, ,2, 2,9,47,95 6,31, ,2, 2,1,58,65 6,31, ,2, 2,11,69,35 6,31, ,2, 2,12,39,55 6,31, ,2, 2,12,96,25 6,31, ,2, 2,13,39,45 6,31, ,2, 2,13,82,65 6,31, ,2, 2,14,25,85 6,31, ,2, 2,14,69,5 6,31, ,39,2,5 Total 2,7,195 3,38,8,75 *Liable to change according to Government / Corporation Policy Calculation includes Bonus and Final Additional Bonus available to the plan as on today. Summary Total Paid : Total s Received : 2,7,195 3,38,8, / Prerana Induction Training - Plan Combinations

4 Early Death Analysis of Proposer Date Age During 8th Year Proposer During 14th Year During 2th Year 17/9/ ,185 85,185 85,185 17/9/ ,351 83,351 83,351 17/9/ ,351 83,351 83,351 17/9/ ,351 83,351 83,351 17/9/ ,351 83,351 83,351 17/9/ ,351 83,351 83,351 17/9/ ,351 83,351 83,351 17/9/ ,213 59, 83,351 83,351 17/9/ ,213 59, 83,351 83,351 17/9/ ,213 59, 83,351 83,351 17/9/ ,213 59, 83,351 83,351 17/9/ ,213 59, 83,351 83,351 17/9/ ,213 59, 83,351 83,351 17/9/ ,213 59, 57,213 59, 83,351 17/9/ ,213 59, 57,213 59, 83,351 17/9/ ,213 59, 57,213 59, 83,351 17/9/ ,213 59, 57,213 59, 83,351 17/9/ ,213 59, 57,213 59, 83,351 17/9/ ,213 59, 57,213 59, 83,351 17/9/ ,213 59, 57,213 59, 57,213 59, 17/9/ ,213 59, 57,213 59, 57,213 59, 17/9/ ,213 59, 57,213 59, 57,213 59, 17/9/ ,213 59, 57,213 59, 57,213 59, 17/9/ ,213 59, 57,213 59, 57,213 59, 17/9/ ,213 59, 57,213 59, 57,213 59, 17/9/ ,57,25 17,57,25 17,57,25 Total 16,15,125 28,19,25 17,71,953 24,65,25 19,28,781 21,11,25 *Liable to change according to Government / Corporation Policy Calculation includes Bonus and Final Additional Bonus available to the plan as on today. Prerana Induction Training - Plan Combinations / 213

5 Plan Details: Holder Name Plan DOC Term PPT Mode Sum Accident Benefit Bonus Age 35 Lbd /9/ Yly 5,9, 59, 49 25,563 Age 5 Lbd /9/ Yly 15,, 65 55,954 Plan Details Plan DOC Term PPT Sum Accident Benefit Bonus No Of Inst. Daily 1st & 2nd Year With S.Tax Yly Hly Qly SSS /9/ ,9, 59, ,713 13,499 6,821 2,274 26,138 13,29 6,674 2, /9/ ,, ,472 29,548 14,93 4,976 57,213 28,912 14,68 4,869 Total 2,9, 5,9, ,185 43,47 21,751 7,25 83,351 42,121 21,282 7,94 How the Plan Works i. On Age 18 of Child (if age at entry is less than 18 years) or immediately (if age of Child/Spouse is 18 or above), get the Jeevan Umang policy conditionally assigned in name of proposer. So as long as proposer is alive he/she will get the Tax free guaranteed income. ii. On death of proposer policy will get automatically reassigned to child/spouse and he/she will get Tax free guaranteed income for his/her life time (2nd Generation). iii. On death of Child/Spouse grandchildren of proposer will get the Death benefits under the Jeevan Umang policy (3rd Generation). 214 / Prerana Induction Training - Plan Combinations