Retire & enjoy is a unique plan (Combination of Plans) suitable for Insurance & Retirement.
This plan provides financial security for a happy independent retired life for you and your spouse
when you decide to retire.
Under this plan No premiums are payable from own fund after deferment
period, that is, after age 49.
This plan will provide regular tax-free income to
support your comfortable retired life till age 75.
Free Insurance cover upto 100th birthday.In case of death during the premium paying period a lumpsum
amount shall be paid to your nominee.
Premium modes available : Monthly ECS from any bank, Quaterly, half-yearly & yearly
Premiums are available for exemption under sec.80 C of
income tax act upto Rs.100000/- per annum.
Example :
Mr Arun, 26 yrs takes Retire & Enjoy policy for an annuity of Rs. 2,00,000/- per annum from the age of 55. He would be paying Rs.4500/- p.m.(approx.) for next 29 years.
Annuity planned : Rs.2,00,000/-
Premium : Rs.4500/- per month (Approx.)
Premium payable : 29 years
Total Returns from LIC : Rs.1,06,33,500/- ( Returns in 55 to 75 years)
Total premium paid : Rs.19,51,757/-
Net Returns from LIC : Rs.86,81,743/- ( Returns (minus) premium paid)
Insurance cover upto 100th birthday : Rs. 21,00,000/-
The premiums paid from the day 1 would save tax under Section 80 C.
Returns from LIC are 100% tax free in the hands of Policy Holder.
Call us at 9480240513 or write to support@licbangalore.com for free quotations.
Insurance is the subject matter of solicitation
Call 94802 40513 
