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    Jeevan Saral Chart

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    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 [email protected]

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    Download as XLS, PDF, TXT or read online from Scribd

    Jeevan Saral Chart

    Uploaded by

    Harish Chand
    13K views2 pages
    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 [email protected]

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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 [email protected]

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    Download as XLS, PDF, TXT or read online from Scribd
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    13K views2 pages

    Jeevan Saral 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 [email protected]

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    LIC's Jeevan Saral Golden Peacock Award Winning Plan

    Contact Harish Chand


    Or Visit----> www.delhiLICagent.com
    Agent 9212201725, 9899615363
    Invest Monthly Rs.250, 400, 500, 750, 1000, 1500, 2000, 3000, 4000, 5000, 6000
    Year 250 400 500 750 1,000 1,500 2,000
    1 0 0 0 0 0 0 0
    2 0 0 0 0 0 0 0
    3 5,122 8,195 10,244 15,366 20,488 30,732 40,976
    4 8,199 13,118 16,398 24,597 32,796 49,194 65,592
    5 11,815 18,904 23,630 35,445 47,260 70,890 94,520
    6 14,698 23,516 29,395 44,093 58,790 88,185 117,580
    7 17,703 28,324 35,405 53,108 70,810 106,215 141,620
    8 20,835 33,336 41,670 62,505 83,340 125,010 166,680
    9 24,118 38,588 48,235 72,353 96,470 144,705 192,940
    10 53,227 85,162 106,452 159,679 212,904 319,356 425,808
    11 62,526 100,041 125,051 187,577 250,101 375,152 500,203
    12 72,683 116,293 145,366 218,049 290,733 436,099 581,465
    13 84,085 134,536 168,170 252,255 336,340 504,510 672,680
    14 96,820 154,912 193,640 290,460 387,280 580,920 774,560
    15 111,099 177,759 222,198 333,298 444,397 666,595 888,794
    16 125,842 201,347 251,683 377,525 503,366 755,050 1,006,733
    17 141,986 227,176 283,970 425,956 567,940 851,910 1,135,880
    18 159,705 255,528 319,410 479,115 638,819 958,229 1,277,638
    19 179,095 286,552 358,190 537,285 716,380 1,074,570 1,432,760
    20 200,370 320,592 400,740 601,110 801,480 1,202,220 1,602,960
    21 223,646 357,833 447,291 670,938 894,583 1,341,874 1,789,166
    22 249,179 398,687 498,358 747,537 996,716 1,495,074 1,993,433
    23 277,110 443,375 554,219 831,329 1,108,438 1,662,657 2,216,876
    24 307,749 492,398 615,497 923,247 1,230,995 1,846,492 2,461,989
    25 341,275 546,040 682,551 1,023,826 1,365,101 2,047,652 2,730,202
    26 378,058 604,892 756,115 1,134,172 1,512,229 2,268,344 3,024,459
    27 418,315 669,304 836,630 1,254,944 1,673,259 2,509,889 3,346,518
    28 462,488 739,980 924,976 1,387,463 1,849,951 2,774,927 3,699,902
    29 510,947 817,515 1,021,894 1,532,841 2,043,788 3,065,682 4,087,577
    30 564,128 902,604 1,128,256 1,692,384 2,256,511 3,384,767 4,513,022
    31 622,281 995,649 1,244,562 1,866,843 2,489,123 3,733,685 4,978,246
    32 686,265 1,098,023 1,372,529 2,058,794 2,745,059 4,117,588 5,490,117
    33 756,293 1,210,068 1,512,585 2,268,878 3,025,170 4,537,756 6,050,341
    34 833,233 1,333,173 1,666,466 2,499,699 3,332,932 4,999,399 6,665,865
    35 917,775 1,468,441 1,835,551 2,753,326 3,671,102 5,506,652 7,342,203
    Award Winning Plan

    00, 3000, 4000, 5000, 6000 (Monthly)


    3,000 4,000 5,000 6,000
    0 0 0 0
    0 0 0 0
    61,464 81,952 102,440 122,928
    98,388 131,184 163,980 196,776
    141,780 189,040 236,300 283,560
    176,370 235,160 293,950 352,740
    212,430 283,240 354,050 424,860
    250,020 333,360 416,700 500,040
    289,410 385,880 482,350 578,820
    638,712 851,616 1,064,520 1,277,424
    750,304 1,000,406 1,250,507 1,500,608
    872,198 1,162,930 1,453,663 1,744,395
    1,009,019 1,345,359 1,681,699 2,018,039
    1,161,839 1,549,119 1,936,399 2,323,679
    1,333,190 1,777,587 2,221,984 2,666,381
    1,510,099 2,013,466 2,516,832 3,020,199
    1,703,820 2,271,760 2,839,700 3,407,640
    1,916,457 2,555,276 3,194,095 3,832,915
    2,149,140 2,865,520 3,581,900 4,298,280
    2,404,440 3,205,920 4,007,400 4,808,880
    2,683,749 3,578,332 4,472,915 5,367,498
    2,990,149 3,986,865 4,983,581 5,980,298
    3,325,314 4,433,752 5,542,190 6,650,628
    3,692,984 4,923,979 6,154,974 7,385,968
    4,095,304 5,460,405 6,825,506 8,190,607
    4,536,688 6,048,917 7,561,147 9,073,376
    5,019,778 6,693,037 8,366,296 10,039,555
    5,549,853 7,399,805 9,249,756 11,099,707
    6,131,365 8,175,153 10,218,941 12,262,730
    6,769,533 9,026,044 11,282,555 13,539,067
    7,467,370 9,956,493 12,445,616 14,934,739
    8,235,176 10,980,234 13,725,293 16,470,351
    9,075,511 12,100,682 15,125,852 18,151,022
    9,998,797 13,331,730 16,664,662 19,997,595
    11,013,305 14,684,407 18,355,508 22,026,610

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