1. No category

DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Plus Illustration for Jeevan Ka Sathi (Solutions Using LIC's Plan No. 833)
Ref. No. JS--01
Forecast of Insurance Benefits
Fin. Year
Ending
31/03/2015
31/03/2016
31/03/2017
31/03/2018
31/03/2019
31/03/2020
31/03/2021
31/03/2022
31/03/2023
31/03/2024
31/03/2025
31/03/2026
31/03/2027
31/03/2028
31/03/2029
31/03/2030
31/03/2031
31/03/2032
31/03/2033
31/03/2034
31/03/2035
31/03/2036
31/03/2037
31/03/2038
31/03/2039
25/03/2040
For the Year
Premium
Returns
Cash Flow
45,150
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
44,474
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,50,000
-45,150
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
-44,474
0
0
0
26,50,000
9,79,104
26,50,000
16,70,896
Yield on Investments (Pre Tax) : 6.52 %
K e y
A s s u mp t i o n s
Income Tax: Sec. 80CCE Limit Available: 150000
Tax Savings on premiums will be @ 30.60 % u/s 80CCE
Projections: Bonus: On applicable plans, last declared reversionary bonus has been considered for the purpose of projected Riskcover and
Returns.
Terminal Bonus: On applicable plans, last declared terminal bonus of their respective erstwhile peer plans has also been
considered.
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Illustration for Mr. Shreshtha Garg (age 29)
Ref. No. JS-04
Date : 25/03/2015
Forecast of Insurance Benefits
Risk Cover
For the Year
Accident Death
Premium
Returns
Cash Flow
Cash
Value
Loan
Available
0
Policy Year
Age
Natural Death
1
29
30,75,000
35,75,000
22,893
0
-22,893
0
2
30
30,25,000
35,25,000
22,550
0
-22,550
0
0
3
31
29,75,000
34,75,000
22,550
0
-22,550
31,492
28,250
4
32
29,25,000
34,25,000
22,550
0
-22,550
59,499
53,500
5
33
28,75,000
33,75,000
22,550
0
-22,550
76,150
68,500
6
34
28,25,000
33,25,000
22,550
0
-22,550
93,683
84,250
7
35
27,75,000
32,75,000
22,550
0
-22,550
1,12,186
1,01,000
8
36
27,25,000
32,25,000
22,550
0
-22,550
1,34,615
1,21,250
9
37
26,75,000
31,75,000
22,550
0
-22,550
1,58,962
1,43,000
10
38
26,25,000
31,25,000
22,550
0
-22,550
1,85,321
1,66,750
11
39
25,75,000
30,75,000
22,550
0
-22,550
2,13,891
1,92,500
12
40
25,25,000
30,25,000
22,550
0
-22,550
2,44,808
2,20,250
13
41
24,75,000
29,75,000
22,550
0
-22,550
2,78,226
2,50,500
14
42
24,25,000
29,25,000
22,550
0
-22,550
3,14,289
2,82,750
15
43
23,75,000
28,75,000
22,550
0
-22,550
3,53,306
3,18,000
16
44
23,25,000
28,25,000
22,550
0
-22,550
3,95,382
3,55,750
17
45
22,75,000
27,75,000
22,550
0
-22,550
4,37,687
3,94,000
18
46
22,25,000
27,25,000
22,550
0
-22,550
4,83,450
4,35,000
19
47
21,75,000
26,75,000
22,550
0
-22,550
5,33,300
4,80,000
20
48
21,25,000
26,25,000
22,550
0
-22,550
5,87,690
5,29,000
21
49
20,75,000
25,75,000
22,550
0
-22,550
6,47,476
5,82,750
22
50
20,25,000
25,25,000
22,550
0
-22,550
7,31,833
6,58,750
23
51
19,75,000
24,75,000
0
0
0
8,14,353
7,33,000
24
52
19,25,000
24,25,000
0
0
0
9,06,422
8,15,750
25
53
18,75,000
23,75,000
0
13,25,000
13,25,000
10,09,140
9,08,250
4,96,443
13,25,000
8,28,557
Yield on Investments (Pre Tax) : 6.43 %
E x p l a n a t o r y
N o t e s
The death benefit under plan 833 is payable as below:
l
l
l
l
Term rider sum (if opted) will be paid immediately upon death.
Accident rider sum (if opted) will be paid immediately upon accidental death.
10 % of sum assured will be paid every year till 1 year prior to maturity date.
110 % of sum assured + Bonus + Final Addition Bonus will be paid on maturity date.
K e y
A s s u mp t i o n s
Personal Data: DOB: 15/12/1985
Income Tax:
Sec. 80CCE Limit Available: 150000 Sec. 80D Limit Available: 15000
Tax Savings on premiums will be @ 30.60 % u/s 80CCE and @ 30.60 % u/s 80D
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Illustration for Mr. Shreshtha Garg (age 29)
Projections
Ref. No. JS-04
Bonus: On applicable plans, last declared reversionary bonus has been considered for the purpose of projected Riskcover and
Returns.
Terminal Bonus: On applicable plans, last declared terminal bonus of their respective matching discontinued plans has also been
considered.
Loyalty Addition: An estimated Loyalty addition has been considered on applicable plans.. The estimation is only for the purpose of
understanding the benefits of this illustration and is purely indicative / non-guaranteed. Final figures may differ as per the actual
experience of the plan performance by L.I.C. of India.
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Illustration for Mr. Shreshtha Garg (age 29)
Ref. No. JS-04
Premium Breakup & Tax Implication (for the year)
u/s 80 CCE
Premium Breakup
u/s 80 D
Basic
DAB
PWB
Total
Eligible
Amount
1
20,856
566
0
22,893
22,207
6,795
0
0
6,795
2
20,544
558
0
22,551
22,207
6,795
0
0
6,795
3
20,544
558
0
22,551
22,207
6,795
0
0
6,795
4
20,544
558
0
22,551
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
Policy Year
Tax Ben.
@30.6%
Eligible
Amount
Tax Ben.
@30.6%
Total
Benefit
5
20,544
558
0
22,551
6
20,544
558
0
22,551
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
22,207
6,795
0
0
6,795
7
20,544
558
0
22,551
8
20,544
558
0
22,551
9
20,544
558
0
22,551
10
20,544
558
0
22,551
11
20,544
558
0
22,551
12
20,544
558
0
22,551
13
20,544
558
0
22,551
14
20,544
558
0
22,551
15
20,544
558
0
22,551
16
20,544
558
0
22,551
17
20,544
558
0
22,551
22,207
6,795
0
0
6,795
18
20,544
558
0
22,551
22,207
6,795
0
0
6,795
19
20,544
558
0
22,551
22,207
6,795
0
0
6,795
20
20,544
558
0
22,551
22,207
6,795
0
0
6,795
21
20,544
558
0
22,551
22,207
6,795
0
0
6,795
22
20,544
558
0
22,551
22,207
6,795
0
0
6,795
4,52,280
12,295
0
4,96,464
4,88,554
1,49,490
0
0
1,49,490
Yield on Investments (Post Tax) : 8.66 %
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Illustration for Mrs. Unnati Shreshtha Garg (age 25)
Ref. No. JS-05
Date : 25/03/2015
Forecast of Insurance Benefits
Risk Cover
For the Year
Accident Death
Premium
Returns
Cash Flow
Cash
Value
Loan
Available
0
Policy Year
Age
Natural Death
1
25
30,75,000
35,75,000
22,257
0
-22,257
0
2
26
30,25,000
35,25,000
21,924
0
-21,924
0
0
3
27
29,75,000
34,75,000
21,924
0
-21,924
31,227
28,000
4
28
29,25,000
34,25,000
21,924
0
-21,924
58,911
53,000
5
29
28,75,000
33,75,000
21,924
0
-21,924
75,414
67,750
6
30
28,25,000
33,25,000
21,924
0
-21,924
92,801
83,500
7
31
27,75,000
32,75,000
21,924
0
-21,924
1,11,158
1,00,000
8
32
27,25,000
32,25,000
21,924
0
-21,924
1,33,397
1,20,000
9
33
26,75,000
31,75,000
21,924
0
-21,924
1,57,545
1,41,750
10
34
26,25,000
31,25,000
21,924
0
-21,924
1,83,696
1,65,250
11
35
25,75,000
30,75,000
21,924
0
-21,924
2,12,046
1,90,750
12
36
25,25,000
30,25,000
21,924
0
-21,924
2,42,733
2,18,500
13
37
24,75,000
29,75,000
21,924
0
-21,924
2,75,910
2,48,250
14
38
24,25,000
29,25,000
21,924
0
-21,924
3,11,723
2,80,500
15
39
23,75,000
28,75,000
21,924
0
-21,924
3,50,478
3,15,500
16
40
23,25,000
28,25,000
21,924
0
-21,924
3,92,283
3,53,000
17
41
22,75,000
27,75,000
21,924
0
-21,924
4,34,305
3,90,750
18
42
22,25,000
27,25,000
21,924
0
-21,924
4,79,777
4,31,750
19
43
21,75,000
26,75,000
21,924
0
-21,924
5,29,324
4,76,500
20
44
21,25,000
26,25,000
21,924
0
-21,924
5,83,401
5,25,000
21
45
20,75,000
25,75,000
21,924
0
-21,924
6,42,864
5,78,500
22
46
20,25,000
25,25,000
21,924
0
-21,924
7,31,833
6,58,750
23
47
19,75,000
24,75,000
0
0
0
8,14,353
7,33,000
24
48
19,25,000
24,25,000
0
0
0
9,06,422
8,15,750
25
49
18,75,000
23,75,000
0
13,25,000
13,25,000
10,09,140
9,08,250
4,82,661
13,25,000
8,42,339
Yield on Investments (Pre Tax) : 6.61 %
E x p l a n a t o r y
N o t e s
The death benefit under plan 833 is payable as below:
l
l
l
l
Term rider sum (if opted) will be paid immediately upon death.
Accident rider sum (if opted) will be paid immediately upon accidental death.
10 % of sum assured will be paid every year till 1 year prior to maturity date.
110 % of sum assured + Bonus + Final Addition Bonus will be paid on maturity date.
K e y
A s s u mp t i o n s
Personal Data: DOB: 02/12/1989
Income Tax:
Sec. 80CCE Limit Available: 150000 Sec. 80D Limit Available: 15000
Tax Savings on premiums will be @ 30.60 % u/s 80CCE and @ 30.60 % u/s 80D
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Illustration for Mrs. Unnati Shreshtha Garg (age 25)
Projections
Ref. No. JS-05
Bonus: On applicable plans, last declared reversionary bonus has been considered for the purpose of projected Riskcover and
Returns.
Terminal Bonus: On applicable plans, last declared terminal bonus of their respective matching discontinued plans has also been
considered.
Loyalty Addition: An estimated Loyalty addition has been considered on applicable plans.. The estimation is only for the purpose of
understanding the benefits of this illustration and is purely indicative / non-guaranteed. Final figures may differ as per the actual
experience of the plan performance by L.I.C. of India.
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Illustration for Mrs. Unnati Shreshtha Garg (age 25)
Ref. No. JS-05
Premium Breakup & Tax Implication (for the year)
u/s 80 CCE
Premium Breakup
u/s 80 D
Basic
DAB
PWB
Total
Eligible
Amount
1
20,553
566
0
22,257
21,590
6,607
0
0
6,607
2
20,245
558
0
21,924
21,590
6,607
0
0
6,607
3
20,245
558
0
21,924
21,590
6,607
0
0
6,607
4
20,245
558
0
21,924
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
Policy Year
Tax Ben.
@30.6%
Eligible
Amount
Tax Ben.
@30.6%
Total
Benefit
5
20,245
558
0
21,924
6
20,245
558
0
21,924
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
21,590
6,607
0
0
6,607
7
20,245
558
0
21,924
8
20,245
558
0
21,924
9
20,245
558
0
21,924
10
20,245
558
0
21,924
11
20,245
558
0
21,924
12
20,245
558
0
21,924
13
20,245
558
0
21,924
14
20,245
558
0
21,924
15
20,245
558
0
21,924
16
20,245
558
0
21,924
17
20,245
558
0
21,924
21,590
6,607
0
0
6,607
18
20,245
558
0
21,924
21,590
6,607
0
0
6,607
19
20,245
558
0
21,924
21,590
6,607
0
0
6,607
20
20,245
558
0
21,924
21,590
6,607
0
0
6,607
21
20,245
558
0
21,924
21,590
6,607
0
0
6,607
22
20,245
558
0
21,924
21,590
6,607
0
0
6,607
4,45,698
12,295
0
4,82,661
4,74,980
1,45,354
0
0
1,45,354
Yield on Investments (Post Tax) : 8.83 %
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
DATACOMP WEB TECHNOLOGIES (I) PVT. LTD.
Downloaded from http://www.magicgyan.com
(Use Magic Mix to Create Seaprate Combination in name of each life and
club both quotation in Magic Mix Plus to create same combination for your customers)
[email protected]
Magic Mix Plus Illustration for Jeevan Ka Sathi (Solutions Using LIC's Plan No. 833)
Ref. No. JS--01
Proposed Insurance
Id Com.Date
Plan Name
Term/
PPT
Basic
Sum Assured
Term Accidental Crit. Illness Premium
Rider
Waiver Md.
Rider
Rider
Mr. Shreshtha Garg
1 25/03/2015 833-Jeevan Lakshya
DOB: 15/12/1985
25/22
Ref. No.: JS-04
5,00,000
5,00,000
5,00,000
0
5,00,000
5,00,000
5,00,000
0 [ Annual Premium:
5,00,000
5,00,000
5,00,000
0
5,00,000
5,00,000
5,00,000
0 [ Annual Premium:
Mrs. Unnati Shreshtha Garg
2 25/03/2015 833-Jeevan Lakshya
Install. ^
Tax
Premium Beneficiary
-
Y
DOB: 02/12/1989
25/22
-
22,893
22,893 ]
Ref. No.: JS-05
Y
22,257
22,257 ]
45,150
Total Annual Premium:
Modewise Summary of Installment Premiums
PREMIUM
Id
Com. Date
Plan/Tm/PPT
* Bonus
Rate
FAB
Yearly
Half Yearly
Quaterly
Monthly
Single
**Daily
1
25/03/2015 833/25/22
48
450
22,893
11,569
5,846
1,948
0
62.72
2
25/03/2015 833/25/22
48
450
22,256
11,247
5,683
1,895
0
60.98
45,149
22,816
11,529
3,843
0
123.70
1. '^' : - Premiums indicated are inclusive of service tax.
2. '*' : - Assuming LIC will declare the above mentioned bonus rates for the year ended 31-Mar-2015
3. '**' : - Daily premium is for indicative purpose only. Formula used - (Yearly Premium/365).
Medical Requirement Details
Name
Sum at Risk
Medical
by DMR
Mrs. Unnati Shreshtha Garg
10,00,000
No
Mr. Shreshtha Garg
10,00,000
No
Tests Required
Disclaimer: The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
How does the Magic Plan – Jeevan ka Saathi work?
(The features of the combination are similar as in Jeevan Saathi Plan 89 of LIC.)
Two Jeevan Lakshay policies of same Sum Assured with Term Rider & DAB, need to be purchased


•
Benefits of the Magic Plan – Jeevan ka Saathi
•

One in the name of husband
Second in the name of wife
ON MATURITY : Get a Lump sum - Guaranteed 100% of Sum Assured + Bonuses
+ FAB (if any)

ON DEATH:

In case of death of A PARTNER, the surviving partner 
Receives a lump sum immediately

Gets an annual income till maturity

Premium liability will be reduced to 50% , which will be funded by
the annual Income received till the maturity

Also gets a Lump sum on maturity – Guaranteed 105% of Sum Assured
+ Bonuses + FAB (if any)

In case of death of BOTH PARTNERS, the Nominee 
Receives a lump sum immediately

Has no Premium payment liability

Gets an annual income till maturity

Also gets a Lump sum on maturity – Guaranteed 110% of Sum Assured
+ Bonuses + FAB (if any)

In case of death due to Accident – Additional Sum Assured will be paid
Note: This page is for Advisor’s understanding only.