RETIRE N ENJOY

  • This is a wonderful concept to enjoy a happy independent retired life for yourself and your spouse.
  • Objective of this proposal is to provide financial security to your family.
  • Provides a high risk cover which increases automatically with time.
  • No premiums have to be paid from your own income when you starts receiving pension.
  • Surrender and Loan facility is also available after 3 years.
  • Double tax benefit of section 80 C & 10 (10 D).
  • This combo gives high risk cover along with high tax free maturity.

An Illustration: An example for a person aged 35 years at the Basic Sum Assured (BSA) of 13 Lacs with a yearly premium budget of ₹ 50,000 only.

“RETIRE & ENJOY”

Age at which pension is receivable

Pension amount receivable ₹

58 Years

1,80,000

59 Years

1,98,000

60 Years

2,17,000

61 Years

2,36,000

62 Years

2,55,000

63 Years

2,75,000

64 Years

2,95,000

65 Years

3,17,000

66 Years

3,45,000

67 Years

3,73,000

68 Years

4,07,000

69 Years

4,30,000

70 Years

4,53,000

Total Premium Paid: ₹11,40,000

Total Pension Received: ₹40,00,000

Disclaimer: “Retire & Enjoy” is a concept name only and it’s not a direct product of LIC, this is a combination of Plans and the Plans used for this combination are of LIC of INDIA.

 

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