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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