LIC DIRECT-Quick, Simple And Easy
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
(Powered By: Visual Magic Pro - India''s No.1 Software for Ins. Advisors)
New Jeevan Nidhi Plan Presentation
Name : Mr. Sundaram Age : 29 Date : 16/03/2013
Sum : 600000 Term : 26 Premium Term : 26
Mode : Quarterly Basic Premium : 5565
DAB Premium : 150 Total Annual Premium : 5715
Sec. 80CCE Inv. Limit: 100000 Income Tax Slab : 30.90
Assumed Bonus Rate : 38
Benefits During The Deferment Period
Risk Cover * Annual Tax Nett
Year Age Normal Accident Premium Saved Premium Cash Value
2013 29 630000 1230000 23566 7064 16502 0
2014 30 660000 1260000 23213 7064 16149 0
2015 31 690000 1290000 23213 7064 16149 28935
2016 32 720000 1320000 23213 7064 16149 42342
2017 33 750000 1350000 23213 7064 16149 61220
2018 34 772800 1372800 23213 7064 16149 65580
2019 35 795600 1395600 23213 7064 16149 79916
2020 36 818400 1418400 23213 7064 16149 95216
2021 37 841200 1441200 23213 7064 16149 113511
2022 38 864000 1464000 23213 7064 16149 135125
2023 39 886800 1486800 23213 7064 16149 159393
2024 40 909600 1509600 23213 7064 16149 186536
2025 41 932400 1532400 23213 7064 16149 216896
2026 42 955200 1555200 23213 7064 16149 250785
2027 43 990000 1590000 23213 7064 16149 288537
2028 44 1015800 1615800 23213 7064 16149 330500
2029 45 1041600 1641600 23213 7064 16149 377281
2030 46 1067400 1667400 23213 7064 16149 422597
2031 47 1099200 1699200 23213 7064 16149 473489
2032 48 1134000 1734000 23213 7064 16149 530893
2033 49 1174800 1774800 23213 7064 16149 596028
2034 50 1227600 1827600 23213 7064 16149 670244
2035 51 1310400 1910400 23213 7064 16149 760893
2036 52 1393200 1993200 23213 7064 16149 862872
2037 53 1476000 2076000 23213 7064 16149 977404
2038 54 1558800 2158800 23213 7064 16149 1106384
2039 55 0 0 0 0 0 0
603891 183664 420227
* :- Premium inclusive of Service Tax @ 3.09% on first year and @ 1.545% for subsequent years.
The above statement is based on certain assumptions which are
LIC DIRECT-Quick, Simple And Easy
Sample Report For Demonstration Purpose Only
205-206, C-Wing, Crystal Plaza,New Link Road,
Andheri(W), Mumbai - 400 053.
Tel: 4060 1000 Fax:4060 1226.
(Powered By: Visual Magic Pro - India''s No.1 Software for Ins. Advisors)
New Jeevan Nidhi Plan Presentation
In the year 2039, the deferment period will end and the policy will be due for annuity (pension) payment. In this year, the
Notional Cash Option (NCO) value on which your pension will be calculated is estimated to be Rs. 1558800 (based on
assumed Bonus and Final Bonus Rate). You have an option to commute 1/3rd of this amount in lumpsum (taxfree) and make
the rest available for purchasing annuity from LIC. Alternately, you may use the entire amount for purchasing the annuity.
The tables below illustrate the amount of pension you can get from LIC's Jeevan Nidhi Plan currently under various pension
options available
Pension Amount Available With Commutation
P e n s i o n O p t i o n s A v a i l a b l e
Pension
Mode A B C D E F G H I J
Monthly 7758 7714 7624 7499 7357 6383 6232 7330 6946 6339
Quarterly 23449 23315 23047 22672 22244 19298 18815 22137 20985 19164
Half Yearly 47487 47219 46577 45827 44970 39077 38006 44809 42398 38756
Yearly 97331 96796 95510 93903 91975 80190 77619 91760 86832 79333
Pension Amount Available Without Commutation
P e n s i o n O p t i o n s A v a i l a b l e
Pension
Mode A B C D E F G H I J
Monthly 11637 11570 11437 11249 11035 9575 9347 10995 10419 9508
Quarterly 35173 34973 34571 34008 33366 28946 28223 33205 31477 28745
Half Yearly 71231 70829 69865 68740 67454 58616 57009 67213 63597 58134
Yearly 145997 145193 143265 140854 137962 120285 116428 137640 130248 118999
Note : Pension will start after the completion of the pension mode opted. For example : If the pension mode is Half Yearly
then the pension will start after the end of six months from the date of purchase of the policy
OPTION DESCRIPTION
A . Immediate Annuity per annum payable for the remainder of life
B. Immediate Annuity per annum payable for 5 years certain so long thereafter as the annuitant may be alive
C. Immediate annuity per annum payable for 10 years certain and so long thereafter as the annuitant may be alive
D. Immediate Annuity per annum payable for 15 years certain and so long thereafter as the annuitant may be alive
E. Immediate Annuity per annum payable for 20 years certain and so long thereafter as the annuitant may be alive
F. Immediate Annuity per annum payable for life with return of purchase price on death of the annuitant
G. Immediate Annuity increasing at 3% per annum (simple) payable for life
H. Immediate Annuity for life with a provision for 50 % of the annuity to the spouse on death of the annuitant.
I. For Life and thereafter 100% to spouse.
J. For Life of Proposer and Spouse with return of purchase price on death of last survior.
The above statement is based on certain assumptions which are