Our children are the most important part of our lives. As parents, one of our most important responsibility is to ensure a bright future for our children. We all work hard to ensure their quality education, a dream marriage and help them lead a rewarding life. All these dreams are expensive and require advance financial planning. Also, as responsible and mature parents, we want to be secure so that these milestones are achieved for sure, under all circumstances.
Presenting SecureChild - a MagicPlan of Life Insurance Policies, which gives freedom to your child to fulfil his ambitions and the guarantee to live life to its fullest…whatever is the uncertainty.
It is a combination of L.I.C. plans that provides guaranteed benefits to the child along with life insurance cover to the parent. MagicPlan - Secure Child is so designed that it provides money every year during the span of the child’s college education. The life cover on the parent ensures the availability of the money in this period …. whatever be the uncertainities.
Survival Benefits

• Regular income for child’s education from 16 years of his age till 21 years
• Higher lumpsum amount at age 22 to enable him to pursue post graduation studies abroad or start business or get married
Death Benefits

• Waiver of Premums in case of death of the proposer (parent)
• Payment of money as stipulated in Survival Benefits section
Special Features

• Premium payable (from own fund) till 15 years of his age
• Policies participating in bonuses and final bonuses declared by LIC from time to time
Terms and Eligibility

• Age at entry for child : 0 to 8 years (last birthday)
• Age at entry for parent : 18 to 48 years (nearer birthday)
• Minimum Sum allowed : Rs.300000
• Modes allowed : Yearly, Half Yearly, Quaterly, Monthly and Salary Saving Scheme (SSS)



Illustartion of Magic Plan- Secure Child*

Inputs
• Parent’s Age : 30
• Child’s Age : 2 years
• Appr. Premium Budget : Rs.50000
• Annual Premium : Rs.50285/- for 14 years.
Benefits
• No premium from own funds after the child becomes 16 years of age
• Annual payments to the child as per table below:
Year Age Estimated Amount
2022 16 229983
2023 17 110966
2024 18 127491
2025 19 137791
2026 20 148655
2027 21 159668
Yield : 6.45 % (As per the current rate)
* Illustration based on current bonus rates declared by L.I.C.
* No Section 80 CCE being considered in the above illustration.

For more details and customized proposal of MagicPlan SecureChild, please contact:

VASANTHA HOSABETTU
SHRADDHA CONSULTANCY
Insurance(Life & Non-life)-Media Assistance
#122, II Blk, Janapriya Nivas, Chikbanavar, Bangalore: 560090
Mobile No: 9886823242,Tel: 080-23700008,
E-Mail: hosabettu@gmail.com

Life is full of uncertainties. Statistics show that most individuals have a great need of liquid cash when they are between 45 years to 60 years of age. There are a number of responsibilities to be fulfilled and many dreams to be realised. But one cannot predict the exact dates when he/she will need funds to take care of these responsibilities.

Consider the following real life possibilities




*Mr Sharma had planned for his daughters wedding when she was 23, suddenly finds out that the marriage is being arranged when she is 20. Since the planning was for three years later most of his money would have been locked up. Would he be able to access all his funds early?

*Mr Iyer has a pension plan for his retirement at 60. What if he wishes to retire early, say at 55. Can his pension plan vest earlier?

*Mr Deshpande has an urgent need for cash due to some emergency hospitalisation. Do you think selling an existing asset to arrange for funds is an avoidable decision?


You could be in a similar position too. So what kind of a financial plan should you go in for? Undoubtedly one that would accommodate all the changes, handle the unpredictable situations that life could spring up & yet not upset your financial planning.

How about a flexi-plan that gives you access to liquid cash & insures your life at the same time.

Presenting the new Magic Plan ATM - designed to give you exactly what you need.

Money when you want it - when you need it.
So what are you waiting for? Trouble proof your life today!!



Delay no further - contact me NOW to know more.
VASANTHA HOSABETTU
SHRADDHA CONSULTANCY
Insurance(Life & Non-life)-Media Assistance
#122, II Blk, Janapriya Nivas, Chikbanavar, Bangalore: 560090
Mobile No: 9886823242,Tel: 080-23700008,
E-Mail: hosabettu@gmail.com

Retirement can signify a lot of things to a lot of people; holidaying with your beloved in dream destinations; never having to worry about waking up early to catch the morning train; pursuing a hobby or singing poems with your grand kids.

But to realise these dreams, you'll need to create a nest egg that will make your retirement years as comfortable, if not more, as when you were working.

Today, thanks to a healthier life style and advances in medicine, the average Indian lives longer. A person who is 60 plus today, can hope to live at least till the age of 75. A person who is 40 plus today can hope to live at least till the age of 80. That means that we need to plan for at least 20 to 30 years of retired life.

It's never too early to think about saving for your golden years. Consider the following illustration.
If you save Rs.2500 a month, what will be your savings will be worth at age 55, assuming a hypothetical interest rate of 6 %p.a


X- Axis represents the Age when you start saving. Y-Axis represents the amount you will have when you reach age 65

Presenting Magic Plan Retire & Enjoy – a comprehensive retirement solution that is developed keeping in mind your various needs, with respect to a enjoyable retired. So, whether you are at 30 or 60 this Magic Plan is just the right for you.



Survival Benefits:
Annual Tax Free annuity payments every year from selected age
Flexibility to choose the number of years for which Annuity is needed (maximum up to age 75)
Option of increasing annuity amount every year to take care of inflation in cost of living
Option of big lump sum amount at age 80
No premiums (from own funds) when the annuity starts
Premiums available for Sec.80 CCE tax benefits
High risk cover during the deferment period and also during the annuity receiving period
Loan availability
Partial surrendering possible
High bonus and final bonus earning plans
Death Benefits

Full Sum assured along with bonuses (and final bonuses if accrued) will be paid to the nominee of the insured during the deferment period
During the annuity receiving period, sum assured along with bonuses of in force policies

Terms and Eligibility
Age at entry : 18 to 60 years (nearer birthday)
Minimum Deferment Period : 7 years
Maximum Annuity receiving age : 75 years
Annuity Mode available : Yearly
Premium Modes allowed : Yearly, Half Yearly, Quarterly, Monthly and Salary Saving Scheme (SSS)
Illustration for Retirement and Enjoy I

Inputs

Present Age : 35
Retirement Age : 55
Annuity ends at age : 75
Annuity Amount Desired : Rs.200000 p.a.
Annuity to be increased @ 5 % every year to take care of inflation
Annual Premium : Rs.89506/- for 20 years
Benefits

Risk cover – Rs.2551010/- to Rs.5156975/- during deferment period
Tax Free Annuity starts at age 55 (year 2028)
Annuity starting at Rs.290725 in the 1st annuity year and increasing every year by approximately 5 % to reach Rs.533025/- in the last annuity year (age 75)
Average risk cover of Rs.3386191 /- during the annuity period

Illustration for Retire and Enjoy II


Inputs

Present Age : 35
Retirement Age : 55
Annuity ends at age : 75
Annuity Amount Desired : Rs.200000 p.a.
Annuity to be increased @ 5 % every year to take care of inflation
Annual Premium : Rs.96467 /- for 20 years
Benefits

Risk cover – Rs.2617125 /- to Rs.5160825 /- during deferment period
Tax Free Annuity starts at age 55 (year 2028)
Annuity starting at Rs.297750 in the 1st annuity year and increasing every year by approximately 5 % to reach Rs.541800/- in the last annuity year (age 75)
Average risk cover of Rs.4777635 /- during the annuity period
Loan available after payment of premiums for at least 3 years

Illustration for Retire and Enjoy III

Inputs

Present Age : 35
Retirement Age : 55
Annuity ends at age : 75
Annuity Amount Desired : Rs.200000 p.a.
Annuity to be increased @ 5 % every year to take care of inflation
Annual Premium : Rs.88912/- for 20 years
Benefits

Risk cover – Rs.2551010 /- to Rs.5156975 /- during deferment period
Tax Free Annuity starts at age 55 (year 2028)
Annuity starting at Rs.290725 in the 1st annuity year and increasing every year by approximately 5 % to reach Rs.533025/- in the last annuity year (age 75)
Average risk cover of Rs.3386191 /- during the annuity period
Loan available after payment of premiums for at least 3 years

Illustration based on current bonus rates declared by L.I.C.



For more details and customized proposal of Magic Plan Retire & Enjoy, please contact:


VASANTHA HOSABETTU
SHRADDHA CONSULTANCY
Insurance(Life & Non-life)-Media Assistance
#122, II Blk, Janapriya Nivas, Chikbanavar, Bangalore: 560090
Mobile No: 9886823242,Tel: 080-23700008,
E-Mail: hosabettu@gmail.com

IS IT NOT, INCOME-SAVING= EXPENSE ?

PLEASE GO THROUGH THIS THOUGHT OR IGNORE THE SAME AT YOUR OWN RISK



WHAT IS INSURANCE?
INSURANCE IS A CONTRACTUAL SAVING INSTRUMENT. IT IS A SECURITY, IT IS A SHELTER, AND IT IS A DEVICE TO CREATE ASSETS. IT MEANS TO CARE OF MEDICAL REQUIREMENTS, FAMILY REQUIREMENTS, AND OLD AGE REQUIREMENTS AND FOR FUNERAL FORMALITIES

WHO REQUIRES IT?
IT IS A MISCONCEPTION THAT IT IS NOT REQUIRED BY ALL
IT IS REQUIRED FOR
*RICH
*POOR
*ELDER
*YOUNGER

WHAT IT GIVES?
*EMOTIONAL SUPPORT
AND FINANCIAL SUPPORT
*KNOWN SUM IN AN UNKNOWN TIME
*SAFETY, SECURITY AND LIQUIDITY
* HELPS IN SEEN AND UNSEEN EVENTS WHERE IS THE RISK?

RISK IS THERE IN LIFE AND BUSINESS.
IF YOU TAKE THE POLICY, INSURER WILL TAKE RISK OTHERWISE YOUR FAMILY WILL TAKE THE RISK

CLOSE YOUR EYES
AND IMAGINE YOU ARE NOT THERE AND LIST OF PERSONS ONE WHO CAN GIVE FINANCIAL SUPPORT YOUR FAMILY LIFE LONG.

CAN YOU GET AT LEAST ONE PERSON?
IT IS DIFFICULT TO GET ONE PERSON NAME. IT IS NOT?CAN YOU IMAGINE WHAT OTHER WILL TALK ABOUT YOU WHEN YOU ARE NOT THERE?

DON’T YOU WANT TO BE CALLED INTELLIGENT?
AND WISE?

ASK THE VALUE OF INSURANCE WITH
*ONE WHO JUST DISCHARGED FROM HOSPITAL
*ONE WHO HAVE ATTENDED THE FUNERAL
*ONE WHO NARROWLY ESCAPED FROM ACCIDENT

THROUGH INSURANCE, YOU CAN ALSO DO MONEY MANAGEMENT
MONEY MANAGEMENT MEANS MAKING WORK FOR YOU

THIS INSURANCE MONEY GOES
ONLY TO YOU OR FOR YOUR FAMILY

ADDITIONALLY
IT GIVES YOU AN INCOME TAX BENEFIT AS IT IS A NATIONAL BUILDING EXERCISE. INSURANCE REDUCES SUDDEN IMBALANCE IN ECONOMICAL STATUS OF SOCIETY AND INDIVIDUAL

AND FURTHER LIC INVESTMENT IS SAFE
LIC RETURN IS GUARANTEED BY CENTRAL GOVERNMENT OF INDIA.
CAN YOUR FIND ONE PRODUCT WHICH IS EQUIVALENT
TO THIS INSURANCE?

SO IS NOT CORRECT FORMULA IS
INCOME- SAVING = EXPENSE?

IS IT CORRECT TO SAY, THAT I DO NOT HAVE MONEY FOR SAVING?

PLEASE DO CONTACT- SHARE YOUR VIEWS TO
VASANTHA HOSABETTU9886823242,080-23700008
SHRADDHA CONSULTANCY
“WHERE VALUES ARE REDEFINED”
122,2ND BLK, JANAPRIYA NIVAS,
CHIKBANAVAR, BANGALORE-90
www.shraddhaconsultancy.blogspot.com,www.hosabettutoons.blogspot.com