Please find below a calculation which i have done by using an excel.
There are some LIC Agents who are selling insurance plans called Magic plan-Retire and enjoy.I have proved here that my investment idea can beat their so called magic plan hands down.Below is the sample illustration for a person aged 26 years and planning an investment of 1 lac approximately every year for his retirement planning.
I have named it "Baap Of Magic Plans"...
Hope you all will like it.
Investment type-Traditional/conventional
Market exposure- No
Investment amount - 1.05 + 0.05 lac per annum
Total investment amount - 1.1 lac per annum
Investment period - 1.05 lac for only 15yrs!!! and 0.05 lac for 30yrs.
So total investment amount from you is only Rs.1725000/-!!!!!
Expected return on Investment - From your 56th birthday you can take
home 10lac!! every year as a pension amount till your 80th birthday
and once you reach your 80th birthday you can take home 12 lac
approximately as a lump-sum and the plan will get closed.
Death Benefit - In case of death before your 56th birthday,your family
will receive 30 lac insurance money plus the accumulated money in the
pension fund.
For example - In case if death happens on 50th year,your nominee will
receive 30 lac insurance money plus 50 lac approximately from your
pension fund!!!
In case of death after 56 the birthday,your family will receive 12 lac
plus remaining balance from your pension fund.
For example - In case if death happens on 65th birthday, you would
have received 10 lac for 10 years as pension,so total 1 crore you have
used for yourself and your nominee will receive 12 lac insurance money
plus 85 lac approximately from your pension fund.
I have suggested you an investment theory which is absolutely
conventional and secure.You have to just invest in 3 different plans
to get these benefits.
Do let me know if you would like to take this for yourself.
10 comments:
Hi Nani,i like this investment idea and i will definitely take this up if it proves its worth on papers.My age is 26 yrs and i would be interested in investing 30k to 50k per year,can you mail me all the details to my id parvathi.sati@gmail.com...Thanks..
I need to know the exact plan type and name and comparison with Bank RD/FD. Can you mail me: ajay07051963@gmail.com
Hi Ajay,
Thanks for your comment and i appreciate your interest to know more
about this particular retirement plan...
Let me give you some basic idea about this retirement solution which i
have designed. The plan is a combination of pure life cover term plan
and a traditional participating whole life policy. I can give you a
comparison on not only with FD and RD but with any other traditional
and conventional investment available in the market.
I would require some information from you to help me in calculating
the exact premium and other benefits you could avail from this plan.
Kindly mail me your DOB,Investment amount and location to subhash.sukumar@gmail.com so as to
take this further.
Hope to hear from you soon.
Hi Subash
i am raj here the plan which u have shown looks realy attractive with good returns and i would be interested if u could give me some more details on this investment.
Hi Raj,
Thanks for your comment and i appreciate your interest in knowing more about this plan...Kindly mail me your number and other details such as Age,location and investment amount to subhash.sukumar@gmail.com.
Hope to hear from you soon..
Mr.Chirayu Nerurkar... Kindly reach me on 9901045869 or mail me on subhash.sukumar@gmail.com for further details...
Incredible story there. What happened after? Good luck!
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Hi, I liked this great plan for investing money. Please mail me the details for taking decision. mayureshkulkarni52@gmail.com
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