INVENTION (2010) !  INVENTION (2010) ! INVENTION (2010) !

INFLAPRO(™)
  policy Easily Implementable by
GOVT and INSU.cos
 can make PENSION GRACEFUL
at no extracost/no taxpayer money
all with self generation
  • Happy Retirement to All!
  • Assured Annuity of Rs @age to @age and
    continuing ...
    by investing Rs /month only.by PF/80gc/MF
    Benefits:
    • Current age:
      Retirement age: Basic:pm Expense:       calculatable for other ages from 18 to 60 go Main/top
    • Annuity from age..to Rs
    • Continued annuity on survival Rs. or surrender val Rs.
    • Death benefit /survival as per NAV from Rs. to Rs.
    • OR LIFETIME ANNUITY of Rs. from age with Rs. ROP/surrender val
    • investment PF ()pm , 80GC() pm , MF()pm total invst. Rs. pm plus contributory Rs. pm.
    • Lic pension's 9 options x 4 inflapro option x varied %inflation gives unlimited options
    • Save Taxes under (80GC)
click scheme highlight/calculations Unorganised sector basic=0, budget=25000, income=budget, Invest:=Rs.8239pm, contributory:0 For ALL INFLAPRO links click here.









quick link
for basic
Rs.15000
various age




quick link
for
basic Rs.0
(unorganised
sector)
various age


WILL PROVIDENT FUND SAVING BE ENOUGH

WITH SAME STANDARD OF LIVING AFTER RETIREMENT

(courtesy TATA MUTUAL FUND Educative Initiative AND AUTHOR's INFLAPRO invention)

main page   second page   Third page   Fourth page   pagelast(Post retd inflation)

THIS IS BN VENKATARAMAN's PAGE AND simple pointing of ANOMALIES in Ad does not amount to ANY MOCK or Knockdown ADVT

tatapromo Click image
Why will PF ..?
To see full
Edu.initiative Ad
of Tatapromo Anomalies(mouse hover here)
in Advertisement
rectified here and given
Edu.initiative on INFLAPRO
invented by the Author

POST RETIREMENT EXPENSES*
(30 years from NOW)
WILL BE HIGHER THAN YOU THINK Current monthly BUDGET of Rs. pm (or Rs. per year)
will be Rs.

* @ %inflation per year.

Change Current monthly expenses BUDGET of Rs.

input here pm
CURRENT BUDGET VALUE:
XXX





SUPERANNUATION REQUIRED:
XXX
 
AT RETIREMENT SUPERANNUATION*
(30 years from NOW) REQUIRED
Every Rupee 1 @age is Rs. at your age and SA reqd@retire is
yearly BUDGET (as above) of Rs. pa (or Rs. after 30 years)
The superannuation* has to be

*  This is also known as PURCHASE PRICE for pension
@ max of Rs.per lac of PP (ref LIC schemes) of SA
as pension per year for life.
click an LIC pension @ age 60 from below & look for SA yourself,
    (i)9350   |  (ii)8790  |  (iii)7110 [*w/rop]  |  (iv)7530  |  (v)8640  |  (vi)8030  | 
   (vii)7010 [*Jt.w/rop]
Hover Me for Callout info 
    "LIC options" and Inflapro
          LIC Jeevan Akshay (IV)(2010) & (VI)(2015) With Bonus
          in IV there was no bonus and VI there is bonus
          of 1% for Purchase price over 2.5lacs
          That is for example the rate of 9350 (opt i) will increase to 9443.50
          for High value PP or
          PP decreses for the same desired rate of pension for high values.
  1. Option (i) Annuity payable for life at a uniform rate.
  2. Option (ii) Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive. The rate table in LHS shows rate for 15 years term of this option, others it varies, and exact figure can be obtained from LIC websites.
  3. Option (iii) Annuity for life with return of purchase price on death of the annuitant.
  4. Option (iv) Annuity payable for life increasing at a simple rate of 3% p.a.
  5. Option (v) Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  6. Option (vi) Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
  7. Option (vii) Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor.
    8. For INFLAPRO application on above please click the next link
    given in next line as more about... or simply click this callout
more about LIC options and inflapro
Asper - TataMF Ad 5941.38per lsc [? w/rop=1.7023% for 20 years EMI of Rs 5941.38]
[*w/rop] - > Lifelong annuity until death of annuitant With Return of Purchase price
to nominee after death of pensioner. The ROP is
[*Jt.w/rop] - > lifelong annuity until death of annuitant as well as until death of
spouse that is until death of last survivor of two,
with Return of Purchase price to nominee after death of last survivor.
The ROP is


SAVINGS /BUILDUP FROM PF*
(30 years from NOW)
 Current monthly BASIC pay of Rs. pm
(12% being your contribution Rs.
i.e. per year)
Your+contributory will be Rs. detail here

* @ 8.75% rate of PF interest.   Change Current monthly BASIC of Rs.
input here pm
input here p year
ADDEDbuildUpVALUE (in 30yrs):
XXX detail here



hi CLICKyour present age look for RECALCULATED (GAP)
Selected present age retireAge No of years
18 |   19 |   20 |   21 |   22 |   23 |   24 |   25 |   26 |   27 |   28 |   29 |   30 |  
31 |   32 |   33 |   34 |   35 |   36 |   37 |   38 |   39 |   40 |   41 |   42 |   43 |   44 |   45 |  
46 |   47 |   48 |   49 |   50 |   51 |   52 |   53 |   54 |   55 |   56 |   57 |   58 |   59 |   60 |  
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HI


GRAPHICAL REPRESENTATION OF CONVENTIONAL PENSION SCHEME
WITH fixed ANNUITY lifeLONG

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From the foregoing discussion and graphical inforation we find that the GAP between budget and conventional pension seem to be of for the scheme of
HOWEVER THE above AMAZINGLY
IF YOU CONSIDER THE INFLATION AT POST RETIREMENT PERIOD
HAVE A Look at the following graph which shows that you require Rs. after years.
as annuity @ age of
For this sort of INFLATION PROTECTION of these* the SA requied @age is Rs.. For possible solution continue Next Page.
The REVISED post retirement GAP=
*figures after allowing for LIC's bonus rate of 1% over 2.5 Lac Purchase price of current year(2016) value




HOWEVER THE above AMAZINGLY
IF YOU CONSIDER THE INFLATION AT POST RETIREMENT PERIOD
It has been shown that you require Rs. after years.
as annuity @ age of equivalent to current budget value of Rs. pm.
For this Post retirement INFLATION PROTECTION *

The superannuation requied @age is
Rs.. or Rs. .
The Starting annuity Rs. and ending Rs. with interest @%pa
The REVISED Inflapro GAP= over PF buildup of
*figures after allowing for LIC's bonus rate of 1% over 2.5 Lac Purchase price of current year(2016) value Current BASIC of Rs. pm
Current BUDGET of Rs. pm
Basic increase %pa, exp.budget value increase %pa
superannuation ( @age ) XXX
PF-buildUp (@age ) XXX
SA reqd with post-ret inflapro:
The Starting annuity Rs. and ending Rs. with interest @%pa
Revised Inflapro Gap:
XXX




To bridge this gap one may first consider the following on IT exemption by Goverment:

ADDITIONAL:
SAVINGS[*] buildup from Rs. [1]yearly, every year invst. of (80GC) items at % is
Rs.
  Savings buildup from Rs [2]yearly, incremental[3] recurring (MF & others) @10% interest is
Rs.
  Now the Gap is reduced to Rs.
[*]For employees of unorganised sector Enter (in main page) input basic as 0 and for the saving under this category basic/income is considered same as that of budget and as PF were not available to them, they can invest in GPF or PPF or new pension fund etc earning @ 8.75% interest.
  [1]Rs.pm (Rs. 50000 or 10%basic x12 earning 8% interest in this basket of IT exempt)
[2](Maximum of 50%basic x12 in MF/other items)
[3]Salry increases every year by % So this saving also incremented every year like
 TRY CHANGE
input
savings(u/80GC..)[1]  pa 

other savings [2]MF
etc.  pa 

Now NetGap is reduced to
Rs.




Superannuation Requied with POST retirement inflation protection=Rs.
Superannuation fund building - PF
- with additional 80Gc
- with additional MF saving Rs.
No of service years= Now NetGap is reduced to Rs.
  |  PF (your)   |
  |  Savings (80Gc)   |
  |  Incremental Savings MF etc speculating 10%interest   |
 Annuity start @age :
Rs. i.e. Rs. Annuity @ age and after :
Rs. i.e. Rs.

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HI page04_03
Annuity start @age :
Rs. i.e. Rs. DETAILS OF CALCULATION OR AUDIT TABLE Annuity @ age and after :
Rs. i.e. Rs.



The budget requirement was Rs. pm This corresponds to x12 i.e. Rs. per annum

FROM HERE ON
It is quite a arithmetic of compound interest calculation
to calculate the annuity requirement after @ interest rate of %
The formula to arrive at number of times the amount, is

and it works out to times
OR


The current budget of Rs. pa is Rs.
Extending the same principal for next anticipated years @ inflation rate % pa
the amount worked out to be Rs. or Rs. per year
the amount worked out to be Rs. or Rs. per year due to a term called immediate pension

The nearest answer after allowing for rounding off on yearly basis, Annuity start @age :
Rs. i.e. Rs. Annuity @ age and after :
Rs. i.e. Rs.

Under the option of LIC/other selected, the rate without bonus is Rs. and Rs. with bonus per lac of
Superannuation/purchase price. Therefore the superannuation rquired for the required budget
is Rs..
This amount of SA/PP of Rs. will only generate a annuity of Rs. throughout
or with increment in case of LIC option (iv) even @ age of gets only Rs.
which is different from Rs. discussed above.
To achieve the objective of same standard of living after retirement with annuity of
Rs. and annuity @ age annuity of Rs.
not only that but also with continued annuity on further survival with
@ Rs.. or a return of purchase price i.e. superannuation amout to nominee of Rs.
irrespective of whether the LIC/other option provides for return of purchase price or not.
For this one must GENERATE Superannuation without gap @ age an amount of Rs.

For annuity of Rs. the SA/PP reqd for this option and paramenters is
For annuity of Rs. the SA/PP reqd @age is
WHEREAS The INFLAPRO SuperAnnuation/PP required is calculated
to give inflation protection as Rs.
THERE IS NO PRIVATE OR GOVERNMENT PENSION SCHEME TO DELIVER THIS INFLAPRO
IT IS PURELY BASED ON THE AUTHOR's INFLAPRO INVENTION
SO hereinafter you can see only the AUDIT TABLE for ANNUITY (shown below)
clarifies the accuracy of RESULT.
For more information about INFLAPRO
(invention, project report, method of calc, benefits etc) refer to LINKTABLE.


LINKTABLE
HI page04_02
HI page04_04


Savings 12% of 15000 basic
% HY_SIM_IN hypotheticl Simple Inflapro Co ...
graph for inflation (post retd) and also for Accruals to nominee /death within the term (say 30yrs):
  Building Super Annuation: select your age from following(30-60)
  
Premium per year(feed to your present saving)
click for default:50000 (half of IT(80GC)limit)
Rate of interest pa
Period (no of years yet for retirement) Total(rounded) SuperAnnuation
Rs.
  Present Limit of Tax Exemption (80Gc): Rs.100000.00
Assuming it increases at 10% say every year
YOUR present day saving of Rs. 1000 also increases to Rs.1100 years from now
So
The net super annuation increases from Rs.
to Rs.
  Present Limit of Tax Exemption (80Gc): Rs.100000.00
Assuming it increases at 10% say every year
YOUR present day saving of Rs. 1000 also increases to Rs.1100 years from now
So
The net super annuation increases from Rs.
to Rs.