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Proposal for Mr. Jeevan

 

	Proposal Details Age 30 Years Investment Team 10 Years     Basic Sum Assured Rs.300000 Maturity Sum Ass. (MSA) Rs.50000 Premium Rs.48720 Income Tax Slab 30.60% Tax Saving under 80CCE Rs.14908 Nett Invesetment Rs.33812 Guaranteed Addition 100.00* Assumed Loyalty Addition 200.00** * Per Rs.1000 of MSA per year ** One time addition per 1000 MSA		Benefit Illustration   Year Age Risk Cover Cash Value Loan Available 2008 30 305000 0 0 2009 31 110000 43848 39500 2010 32 115000 43848 39500 2011 33 120000 43848 39500 2012 34 125000 43848 39500 2013 35 130000 43942 39500 2014 36 135000 51056 46000 2015 37 140000 59100 53250 2016 38 145000 68184 61250 2017 39 150000 86721 78000             The Policy will mature in 2018 You will receive a tax-free maturity amount of Rs.110000 Pre-tax yield on investments: 8.48% Post-tax yield on investments: 12.52%
	Benefits at a glance Single Premium short term insurance & investment plan with guaranteed additions and loyalty additions Available for 5 or 10 years term Insurance cover upto 3 to 6 times of the premium Tax Savings under sec.80 CCE Maturity proceeds are tax free Liquidity during the term through Cash Value & Loan		Bank Fixed Deposit versus Jeevan Aastha     Bank FD Jeevan Aastha Interest Rate 9.00% 8.48% Amount Invested 48720  48720 Tax saved under (Sec.80CCE) 14908 14908 Nett Invested 33812 33812 Maturity Amount 115338 110000 Tax on Maturity 20385 0 Nett in Hand 94953 110000 Effective Yield 10.88% 12.52% Other Advantages of Jeevan Aastha over Bank FD Life Risk Cover - Year 1 48720 305000 Life Risk Cover - Year 5 68772 125000 Life Risk Cover - Year 10 105815 150000 Security of Investment Not 100% 100%