Presented by

RAJESH CHAVAN
Insurance and Investment Advisor
Life Insurance Corporation of India
Br. 880, Laxmi Insurance Building,
P.M.Road, Fort, Mumbai - 400 001.
Cell : 93233 23303 / 9920 888 450.

Proposal for consideration of

Mr. Dinesh Kumar
for building the career of your child
Divya Kumar
 Presented by
RAJESH CHAVAN
Insurance and Investment Advisor Proposal for consideration of
Life Insurance Corporation of India Mr. Dinesh Kumar
Br. 880, Laxmi Insurance Building, for building the career of your child
P.M.Road, Fort, Mumbai - 400 001. Divya Kumar
Cell : 93233 23303 / 9920 888 450.

What is Child Education Plan?

Child Education Plan is an exclusive insurance proposal to help you secure your child’s future whilst
keeping her life covered till she settles down in her life. The salient benefits of this insurance proposal is
enumerated below:

Mega Dream:

At the age of 27, after having

an experience of 3 years, Divya
may look forward to setting up
her own business or
consultancy or professional
practise etc. And what best can
Career Startup: be the Father’s gift to his child
than helping her fulfill this
At 24, Divya will be ready to mega dream. Magic-Plan
launch her career. As with Career Builder will provide an
anyone the priority in the early estimated amount of
stages of the career is to gain Rs.909650 as capital for
robust experience as against launching her own business or
focussing on high income. consultancy or professional
Divya’s Post Graduation: practise etc.
Considering this aspect, the
Magic-Plan Career Builder will
At 22, Divya may want to fulfill Special Benefits:
provide a guaranteed annual
her dream of specialization in
amount of Rs.35000 at 24, 25
her career through a suitable
and 26 years of her age. This Extended Protection:
post graduation course. At this
supplementary income will This is a phase starting from 27
time Magic-Plan Career Builder
ensure that her life years till 34 years of Divya’s
Divya’s Professional will provide an estimated
maintenance needs are taken age. After all the cash benefits
Education: amount of Rs. 305425 to help
care of in this stage of her are availed Magic-Plan Career
you secure her admission for
At the age of 18, Magic-Plan career. Builder will continue to keep
the same. In the second year of
Career Builder will provide you her life covered to ensure that
post graduation an additional
an estimated amount of her dependants remain
amount of Rs.415700 will also
Rs.746595, which will help financially protected.
be available to meet the
you in funding her admission
ongoing cost of her post
into professional education Premium Waiver Benefit:
graduation course.
course such as Medicine, In event of untimely death of
Engineering, Management or Mr. Dinesh Kumar the
higher studies abroad. A premiums will stop.
provision of guaranteed
amount
of Rs.105750 p.a. in Special Notes:
subsequent 3 years is also
This Plan is a combination of L.I.C.’s plans.
made to help her sustain the
ongoing expenses in the .
college.
 RAJESH CHAVAN
Insurance and Investment Advisor

Life Insurance Corporation of India

Br. 880, Laxmi Insurance Building,
P.M.Road, Fort, Mumbai - 400 001.
Cell : 93233 23303 / 9920 888 450.

Quotation Ref.No. : DK Date : 02/07/2010

Proposer’s Name : Mr. Dinesh Kumar Proposer's Age : 35

Child’s Name : Divya Kumar Child's Age : 2 (last birthday)
Sum Proposed : 1105000 Yearly Premium : 60115

Sec. 80 CCE Invt Lmt. : 100000 Sec. 80 CCE Tax Rebate : 30.60 %

Year wise details of benefits of Education Plan

Your Child's Annual Tax Nett
Age Age Premium Saving Premium
Year Risk Cover Returns Future Objectives
2010 35 2 57974 60115 18395 41720 0
2011 36 3 115948 60115 18395 41720 0
2012 37 4 173922 60115 18395 41720 0
2013 38 5 1239301 60115 18395 41720 0
2014 39 6 1288805 60115 18395 41720 0
2015 40 7 1388560 60115 18395 41720 0
2016 41 8 1440340 60115 18395 41720 0
2017 42 9 1493250 60115 18395 41720 0
2018 43 10 1547290 60115 18395 41720 0
2019 44 11 1602460 60115 18395 41720 0
2020 45 12 1658760 60115 18395 41720 0
2021 46 13 1716190 60115 18395 41720 0
2022 47 14 1774750 60115 18395 41720 0
2023 48 15 1834440 60115 18395 41720 0
2024 49 16 1937460 60115 18395 41720 0
2025 50 17 2020510 60115 18395 41720 0
2026 51 18 2116240 18404 5631 12773 746595 Professional Education
2027 52 19 1588950 18303 5601 12702 105750 Professional Education
2028 53 20 1672425 18303 5601 12702 105750 Professional Education
2029 54 21 1842975 18303 5601 12702 105750 Professional Education
2030 55 22 1847600 0 0 0 305425 Post Graduation
2031 56 23 1626200 0 0 0 415700 Post Graduation
2032 57 24 1680100 0 0 0 35000 Career Startup
2033 58 25 1734350 0 0 0 35000 Career Startup
2034 59 26 1788950 0 0 0 35000 Career Startup
2035 60 27 1055000 0 0 0 909650 Mega Dream
2036 61 28 1055000 0 0 0 0
2037 62 29 1055000 0 0 0 0
2038 63 30 350000 0 0 0 0
2039 64 31 350000 0 0 0 0
2040 65 32 350000 0 0 0 0
2041 66 33 350000 0 0 0 0
2042 67 34 0 0 0 0 0
1035153 316754 718399 2799620