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 10 - Inflapro - pension starts at first year, increases every year, further pension static after term will half as last pension amt
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 | 9,801.83 | 31,933.16 | 4,45,146.33 | 10.5231 | |
| year 2(1)/AGE 61 | 4,45,146.33 | 10,782.01 | 33,567.72 | 4,67,932.04 | 11.0618 | |
| year 3(1)/AGE 62 | 4,67,932.04 | 11,860.21 | 35,245.28 | 4,91,317.11 | 11.6146 | |
| year 4(1)/AGE 63 | 4,91,317.11 | 13,046.23 | 36,960.82 | 5,15,231.70 | 12.1799 | |
| year 5(1)/AGE 64 | 5,15,231.70 | 14,350.85 | 38,708.12 | 5,39,588.97 | 12.7557 | |
| year 6(1)/AGE 65 | 5,39,588.97 | 15,785.94 | 40,479.55 | 5,64,282.58 | 13.3395 | |
| year 7(1)/AGE 66 | 5,64,282.58 | 17,364.53 | 42,265.88 | 5,89,183.93 | 13.9282 | |
| year 8(1)/AGE 67 | 5,89,183.93 | 19,100.98 | 44,056.07 | 6,14,139.02 | 14.5181 | |
| year 9(1)/AGE 68 | 6,14,139.02 | 21,011.08 | 45,836.99 | 6,38,964.93 | 15.1050 | |
| year 10(1)/AGE 69 | 6,38,964.93 | 23,112.19 | 47,593.16 | 6,63,445.90 | 15.6837 | |
| year 11(1)/AGE 70 | 6,63,445.90 | 25,423.41 | 49,306.44 | 6,87,328.93 | 16.2483 | |
| year 12(1)/AGE 71 | 6,87,328.93 | 27,965.75 | 50,955.65 | 7,10,318.83 | 16.7918 | |
| year 13(1)/AGE 72 | 7,10,318.83 | 30,762.33 | 52,516.19 | 7,32,072.69 | 17.3060 | |
| year 14(1)/AGE 73 | 7,32,072.69 | 33,838.56 | 53,959.60 | 7,52,193.73 | 17.7817 | |
| year 15(1)/AGE 74 | 7,52,193.73 | 37,222.42 | 55,253.05 | 7,70,224.36 | 18.2079 | |
| year 16(1)/AGE 75 | 7,70,224.36 | 40,944.66 | 56,358.81 | 7,85,638.51 | 18.5723 | |
| year 17(1)/AGE 76 | 7,85,638.51 | 45,039.13 | 57,233.59 | 7,97,832.97 | 18.8606 | |
| year 18(1)/AGE 77 | 7,97,832.97 | 49,543.04 | 57,827.92 | 8,06,117.85 | 19.0564 | |
| year 19(1)/AGE 78 | 8,06,117.85 | 54,497.34 | 58,085.31 | 8,09,705.82 | 19.1413 | |
| year 20(1)/AGE 79 | 8,09,705.82 | 59,947.07 | 57,941.43 | 8,07,700.18 | 19.0938 | |
| year 21(1)/AGE 80 | 8,07,700.18 | 65,941.78 | 57,323.16 | 7,99,081.56 | 18.8901 | |
| year 22(1)/AGE 81 | 7,99,081.56 | 72,535.96 | 56,147.52 | 7,82,693.12 | 18.5027 | |
| year 23(1)/AGE 82 | 7,82,693.12 | 79,789.56 | 54,320.46 | 7,57,224.02 | 17.9006 | |
| year 24(1)/AGE 83 | 7,57,224.02 | 87,768.52 | 51,735.59 | 7,21,191.09 | 17.0488 | |
| year 25(1)/AGE 84 | 7,21,191.09 | 96,545.37 | 48,272.68 | 6,72,918.40 | 15.9076 | |
| Adjustment | +0.09 | 14.7665 | ||||
| Further pension(on survival) | 48,272.69 | |||||
| Surrender val(on death) | 6,24,645.80 | |||||
| ||||||
| Suggested INFLAPRO OPTIONS:
Option 10 - Inflapro - pension starts at first year at Rs.9,801.83 Yearly compounded and increases @ simple rate of 10% every year for a period of 25 years years for life with a provision of 50% of the last annuity payable to spouse during his/ her life time on death of annuitant. with return of purchase price on the death of last survivor further pension static at 50% of last pension amount on survival of annuitant beyond 85 years or period of of 25 years years whichever later on survival, half the last pension i.e. Rs.48,272.69 for life. The return of purchase price will be as per NAV max of 14.7665 |
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