Principal:423015.00 Rate of Intt:7.72801
Compounding mode:Yearly compounded
LIC JEEVAN AKSHAY IV SCHEME OPTION vii entry age=60
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. No.of Years=25
Option 1 - Conventional-the pension starts at first year and continues with the static pension for the entire period of term
Having maturity value
Term: 25 years Moratorium=NIL
| Year | B/F | Payout | Interest | C/O/Balance | NAV(FV:10) | |
|---|---|---|---|---|---|---|
| year 1(1)/AGE 60 | 4,23,015.00 | 29,949.87 | 30,376.11 | 4,23,441.24 | 10.0100 | |
| year 2(1)/AGE 61 | 4,23,441.24 | 29,949.87 | 30,409.05 | 4,23,900.42 | 10.0209 | |
| year 3(1)/AGE 62 | 4,23,900.42 | 29,949.87 | 30,444.54 | 4,24,395.09 | 10.0326 | |
| year 4(1)/AGE 63 | 4,24,395.09 | 29,949.87 | 30,482.77 | 4,24,927.99 | 10.0452 | |
| year 5(1)/AGE 64 | 4,24,927.99 | 29,949.87 | 30,523.95 | 4,25,502.07 | 10.0587 | |
| year 6(1)/AGE 65 | 4,25,502.07 | 29,949.87 | 30,568.31 | 4,26,120.51 | 10.0734 | |
| year 7(1)/AGE 66 | 4,26,120.51 | 29,949.87 | 30,616.11 | 4,26,786.75 | 10.0891 | |
| year 8(1)/AGE 67 | 4,26,786.75 | 29,949.87 | 30,667.59 | 4,27,504.47 | 10.1061 | |
| year 9(1)/AGE 68 | 4,27,504.47 | 29,949.87 | 30,723.06 | 4,28,277.66 | 10.1244 | |
| year 10(1)/AGE 69 | 4,28,277.66 | 29,949.87 | 30,782.81 | 4,29,110.60 | 10.1440 | |
| year 11(1)/AGE 70 | 4,29,110.60 | 29,949.87 | 30,847.18 | 4,30,007.91 | 10.1653 | |
| year 12(1)/AGE 71 | 4,30,007.91 | 29,949.87 | 30,916.53 | 4,30,974.57 | 10.1881 | |
| year 13(1)/AGE 72 | 4,30,974.57 | 29,949.87 | 30,991.23 | 4,32,015.93 | 10.2127 | |
| year 14(1)/AGE 73 | 4,32,015.93 | 29,949.87 | 31,071.71 | 4,33,137.77 | 10.2393 | |
| year 15(1)/AGE 74 | 4,33,137.77 | 29,949.87 | 31,158.40 | 4,34,346.30 | 10.2678 | |
| year 16(1)/AGE 75 | 4,34,346.30 | 29,949.87 | 31,251.80 | 4,35,648.23 | 10.2986 | |
| year 17(1)/AGE 76 | 4,35,648.23 | 29,949.87 | 31,352.41 | 4,37,050.77 | 10.3318 | |
| year 18(1)/AGE 77 | 4,37,050.77 | 29,949.87 | 31,460.80 | 4,38,561.70 | 10.3675 | |
| year 19(1)/AGE 78 | 4,38,561.70 | 29,949.87 | 31,577.56 | 4,40,189.39 | 10.4059 | |
| year 20(1)/AGE 79 | 4,40,189.39 | 29,949.87 | 31,703.35 | 4,41,942.87 | 10.4474 | |
| year 21(1)/AGE 80 | 4,41,942.87 | 29,949.87 | 31,838.86 | 4,43,831.86 | 10.4921 | |
| year 22(1)/AGE 81 | 4,43,831.86 | 29,949.87 | 31,984.84 | 4,45,866.83 | 10.5402 | |
| year 23(1)/AGE 82 | 4,45,866.83 | 29,949.87 | 32,142.10 | 4,48,059.06 | 10.5920 | |
| year 24(1)/AGE 83 | 4,48,059.06 | 29,949.87 | 32,311.52 | 4,50,420.71 | 10.6478 | |
| year 25(1)/AGE 84 | 4,50,420.71 | 29,949.87 | 32,494.03 | 4,52,964.87 | 10.7080 | |
| Adjustment | 0.00 | 10.0000 | ||||
| Further pension(on survival) | 29,949.87 | |||||
| Surrender val(on death) | 4,23,015.00 | |||||
| ||||||
| Suggested INFLAPRO OPTIONS:
Option 1 - Conventional-the pension starts at first year at Rs.29,949.87 Yearly compounded and continues with the static pension for the entire period for life with a provision of of the conventional annuity payable to spouse during his/ her life time on death of annuitant. with return of purchase price on the death of last survivor |
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