Pay 1,42,300 roughly for 21 yrs & Get 3,00,000 with an addtional increase of more than 20,000 every year.

Dear All :

If a person aged 33 pays roughly Rs.1,42,300 yearly for 21 years he get a life cover of min of 50 lacs to 80 lacs gradually increases year by year (ie. upto his 75th age life cover ) and from his 54th age ie. after 21st year he need not pay even a single paise as premium and he starts getting minimum of 3,00,000 every year and it goes on increasing by 20,000 to 25000 every year till he is 75 ie. 3lacs, 3.30 lacs like that. And finally he gets roughly 7.,50,000 on the 75th age also.

In other way he pays roughly 28,50,000 and gets 1,05,60, 000 plus life insurance cover of 50 to 80 lacs if anything happens inbetween. He also gets the tax benefits during the premium paying term of 21 yrs and even beyond that upto 75th age as the balance year premium from 54 to 75 years is paid by the maturity values and the balance only paid to him as yearly 3 lacs and increased by 25000 every year. If u take the income tax rebate also into account the IRR will be more. He also gets the income tax benefits from his 54th age to 75th age for his policy premiums which he is not actually paying from his pocket., but he gets the Income tax benefits.

This is only a rough calculation and i can even exactly workout and tell u if any one is interested and this can be taken as a pension policy but non taxable pension. mail to raretocare@gmail.com