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INFLA PRO INSU
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INFLAPRO FD calc

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INFLAPRO

INFLAPRO

CHARTS FOR SAMPLE EDUCATION LOAN

(also pl visit http://www.bnv.bvraghav.com to know about INFLAPRO)

For INFLAPRO OPTIONS (AN INVENTION OF B N VENKATARAMAN) and calculations CLICK the figures in the following table
NO LOGIN or password required for these schemes to see the inflapro




Education LOAN/RETURN RATES
DERIVED FROM QUARTERLY COMPOUNDING

----------------------------------
Period     (Qrly)       (Monthly)       (HalfYrly)       (Yearly)  
10 Yrs 10.5%(Q) 10.5%(M) 10.5%(H) 10.5%(Y)
15 Yrs 10.5%(Q) 10.5%(M) 10.5%(H) 10.5%(Y) 

Education loans have a moratorium 
period of duration of education 
before employment

During the moratorium period only
simple interest is applied.
Pl note that
For a rate of interest 
say 10.5% Quarterly
the simple interest rate is 
10.92072 applied
annually
COVID-19 interest conversion M2Q
Enter monthly intt desired
 Q:   0  ?dump

cutoff
setCovidDbase   coviddump here

getALL CovidDbase   set another policy date here

CUSTOM MENU FOR INFLAPRO EDUCATION LOAN SCHEME



Select loan type


Education/Gen Loan Term
years 

Principal Amt Limit say Rs.100000
Rs.   ?covid 4.5%dep  ?covid 8%base

Interest % p a (Qryly compounded rate say 10.5)
%     help compIntt

Select mode of repayment


change inflation%10%

Study period (Moratorium)
Years
Additional (Moratorium) period 1 year permissible
year

EDU Lic opt (care 0 to 7)
  monthly inf prorate    immediate payout option
lifetime pension(yes/no)

Half Amt further Amt Due on maturity







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INFLAPRO

MOCK LIC MENU Fill up and Submit

Entry age (0-99)
 Principal Rupees

Mock LIC option

    Mock suffix SBI option
    

Term in years(for loans only)


Inflation protection
(say 3% for option 4)
Click to change inflation%10%


PER CUSTOM
Mock LIC conventional start
say Rs.6000 per LAKH


Select mode of repayment


applicable for zero custlic option only

click one item only



 Brief Description of MOCK LIC pension options:
Mock Jeevan Shanti option in alpha
  1. A Life Annuity
  2. (B,C,D,E) Life Annuity with guaranteed period 5,10,15,20 years (Considered for 15years)
  3. F Life Annuity with Return Of Purchase price (with ROP).
  4. G Life Annuity with incresing Annuity @ specified rate Simple Interest basis
  5. H Joint Life Annuity with 50% Annuity payable to spouse on death of Annuitant
  6. I Joint Life Annuity with 100% Annuity payable to spouse on death of Annuitant
  7. J Joint Life Annuity with Return of Purchase Price (with ROP)
Valid suffix for Mock options:

... Half Amt further

monthly inf prorate immediate payout option

Suggested minimum
start instalment:

click to change Life expectancy
for LIC/SBI/ICICI pensions schemes85 yrs

click to change inflation constant      10% pa

SUBMIT
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INFLAPRO

INFLAPRO

CHARTS FOR LIC JEEVAN AKSHAY IV DERIVATIONS

(also pl visit http://www.bnv.bvraghav.com to know about INFLAPRO)

click to go to website wwww.licindia.in/Products/Pension-Plans/jeevan_akshay

If your purchase price is Rs. 2.50 lakh or more, you will receive higher amount of annuity
due to available incentives. In addition of this, for policies sold online, a rebate of 1%
by way of increase in the annuity rate shall also be available.

For INFLAPRO OPTIONS (AN INVENTION OF B N VENKATARAMAN) and calculations CLICK the figures in the following table
NO LOGIN or password required for these LIC's interest rates to see the inflapro
LIC PENSION SCHEMES AKSHAY IV  purchase price=
Age     (i)       (ii)15     (III)       (IV)       (V)       (VI)       (VII)  
The option iv is aleredy 3% inflation protected
030 7190 7160 6890 5250 7080 6970 6860
040 7510 7440 6930 5610 7310 7120 6890
050 8140 7950 7000 6280 7760 7420 6930
060 9350 8790 7110 7530 8640 8030 7010
070 12080 9830 7260 10220 10560 9370 7130
080 17880 10440 7480 15890 14600 12340 7290
55Rs.1000 pm Premium 150000 vaya vandana
55Rs.1000 pm Premium 162162 vaya vandana2020
LIC JAkshay 6 (new from 2017) rates below are per lac
30 6490 6470 6150 4640 6380 6270 6130
40 6820 6770 6190 5010 6620 6430 6150
50 7470 7300 6240 5690 7090 6740 6190
60 8700 8170 6320 6930 7990 7390 6240
70 11410 9250 6440 9600 9910 8750 6340
80 17160 9880 6620 15190 13930 11720 6470
INCENTIVE
2.5 lac
to 5 lac		5 lac
to 7.5 lac		7.5 lac
to 10 lac		10 lac
and above
yearly3.754.004.304.35
LIC JAkshay 7 (new from 1-2-2022) rates below are per lac
45 6615 6545 5615 4885 6285 5985 5575
INCENTIVE
5 lac
to 10 lac		10 lac
to 25 lac		25 lac
to 50 lac		50 lac
to 1 crore		1 crore
and above
yearly1.251.802.202.352.45

click to change Life expectancy
for LIC/SBI/ICICI pensions schemes85 yrs

click to change inflation constant      10% pa




  • Enter LIC pension purchase amount   
  • Look at changes in rates for your inputed field in table on left hand side    
  • Then click appropriate payout amount to see the inflapro options in tables
  •    Rs.  
  •    Rs.  There is incentive in pension on purchase amount more than Rs. 2.50 lacs (usually 1% over and above the tabled amount)

Pradhan Mantri Vaya
Vandana Yojana (Modified-2020)
(A Non-Linked, Non-Participating, Pension Scheme
subsidized by the Government of India)
(UIN: 512G336V01)

The Government of India has introduced Pradhan Mantri Vaya Vandana Yojana (Modified-2020), with modified rate of pension under this plan and extended the period of sale of this plan for a further period of three years from Financial Year 2020-21 till 31st March, 2023. As per the terms and conditions under this plan, guaranteed rates of pension for policies sold during a year will be reviewed and decided at the beginning of each year by the Ministry of Finance, Government of India. For the first financial year i.e. upto 31st March 2021, the Scheme will provide an assured pension of 7.40% p.a. payable monthly.
LIC of India is solely authorised to operate this scheme.


As per LIC's terms You may choose any one. Once chosen, the option cannot be altered.
Following will be the effective interest for above maximum rates because of applicability of IT excemption u/s 10(10)D.
EFFECTIVE INTEREST RATES WITH IT EXEMPTION
Intt rate with 10(10)D     10% slab       20%slab       30%salb  
7.8272% 8.6969% 9.7840% 11.1817%
7.2900% 8.1000% 9.1125% 10.4143%
However How many annuitants will come in above tax slabs is a big question?
For academic interest sake one may be benefited to max of 11.1817%

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INFLAPRO

CHARTS FOR ICICI pension scheme

(also pl visit http://www.bnv.bvraghav.com to know about INFLAPRO)

For INFLAPRO OPTIONS (AN INVENTION OF B N VENKATARAMAN) and calculations CLICK the figures in the following table
NO LOGIN or password required for these ICICI's scheme to see the inflapro
ICICI PRUDENTIAL PENSION SCHEMES
Age  opt    Purch.Amt Rs.       scheme      Yearly     Halfyearly     Quarterly     Monthly 
621 Life annuity without return of purchase amount 34871 17014 8357 2733
2423014.80 Life annuity with return of purchase amount 28177 13754 6755 2206
3(a)423014.80 Life annuity guaranteed for 5 years and life there-after without return of purchase amount 34749 16961 8332 2725
3(b)423014.80 Life annuity guaranteed for 10 years and life thereafter without return of purchase amount 34450 16821 8266 2704
3(c)423014.80 Life annuity guaranteed for 15 years and life thereafter without return of purchase amount 34046 16630 8173 2674
4423014.80 Joint life last survivor without return of purchase amount 29530 14427 7072 2289
5423014.80 Joint life last survivor with return of purchase amount 28220 13787 6758 2188

click to change Life expectancy
for LIC/SBI/ICICI pensions schemes85 yrs

click to change inflation constant      10% pa




  • Enter ICICI prulife pension purchase amount   
  • Look at changes in rates for your inputed field in table on left hand side    
  • Then click appropriate payout amount to see the inflapro options in tables
  •    Rs.  



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INFLAPRO

CHARTS FOR SBI ANNUITY DERIVATIONS

(also pl visit http://www.bnv.bvraghav.com to know about INFLAPRO)

For INFLAPRO OPTIONS (AN INVENTION OF B N VENKATARAMAN) and calculations CLICK the figures in the following table
NO LOGIN or password required for these SBI's interest rates to see the inflapro
  
SBI PENSION SCHEMES
Age     Annuity scheme (i)   Select option for with or
without Return of Price
40 Rs.1000 pm Premium 166760 with ROP??  |   without
50Rs.1000 pm Premium 152650
60Rs.1000 pm Premium 136526
70Rs.1000 pm Premium 107822
80Rs.1000 pm Premium 75395
45Rs.1000 pm Premium 160405
55Rs.1000 pm Premium 147703
65Rs.1000 pm Premium 123659
75Rs.1000 pm Premium 91099
42Rs.1000 pm Premium 164319
52Rs.1000 pm Premium 153773
62Rs.1000 pm Premium 131720
72Rs.1000 pm Premium 101029
48Rs.1000 pm Premium 156456
58Rs.1000 pm Premium 141299
68Rs.1000 pm Premium 114546
78Rs.1000 pm Premium 81476
SBI Annuity different options as of 01.07.2020 for ₹ 12000 pa :data
Ageopt 1opt 2opt 3aopt 3bopt 3copt 4a
Age 60 1,45,729 1,54,352 2,09,584 2,49,660 1,54,342 1,81,273       
opt 4bopt 5opt 6opt 7aopt 7b
Age 60 2,05,135 1,64,317 1,82,989 1,97,584 2,19,587





click to change Life expectancy
for LIC/SBI/ICICI pensions schemes85 yrs

click to change inflation constant      10% pa




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INFLAPRO

CHARTS FOR BANK FD INTEREST DERIVATIONS

(also pl visit http://www.bnv.bvraghav.com to know about INFLAPRO)

For INFLAPRO OPTIONS (AN INVENTION OF B N VENKATARAMAN) and calculations CLICK the figures in the following table
NO LOGIN or password required for these HDFC Bank's interest rates to see the inflapro
HDFC BANK FD INTEREST RATES
Period     (Qrly)       (Monthly)       (HalfYrly)       (Yearly)  
3 Yrs 8.75%(Q) 8.75%(M) 8.75%(H) 8.75%(Y)
4 Yrs 8.75%(Q) 8.75%(M) 8.75%(H) 8.75%(Y)
5 Yrs 8.75%(Q) 8.75%(M) 8.75%(H) 8.75%(Y)
10 Yrs 8.00%(Q) 8.00%(M) 8.00%(H) 8.00%(Y)
20 Yrs 8.00%(Q) 8.00%(M) 8.00%(H) 8.00%(Y)
Sr.czn 3 Yrs 9.25%(Q) 9.25%(M) 9.25%(H) 9.25%(Y)
Sr.czn 4 Yrs 9.25%(Q) 9.25%(M) 9.25%(H) 9.25%(Y)
Sr.czn 5 Yrs 9.25%(Q) 9.25%(M) 9.25%(H) 9.25%(Y)
Sr.czn 10 Yrs 8.50%(Q) 8.50%(M) 8.50%(H) 8.50%(Y)
Sr.czn 20 Yrs 8.50%(Q) 8.50%(M) 8.50%(H) 8.50%(Y)
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INFLAPRO

CHARTS FOR MUTHAMIZH SANGAM UNSECURED LOAN FROM MEMBERS

(also pl visit http://www.bnv.bvraghav.com to know about INFLAPRO)

For INFLAPRO OPTIONS (AN INVENTION OF B N VENKATARAMAN) and calculations CLICK the figures in the following table
NO LOGIN or password required for these Murhamizh Sangam, Lucknow rates to see the inflapro
special case Muthamizh Sangam LOAN/RETURN RATES
DERIVED FROM MONTHLY COMPOUNDING
----------------------------------
Period     (Qrly)       (Monthly)       (HalfYrly)       (Yearly)  
20 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)
15 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)
10 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)
5 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)
20 Yrs 13%(Q) 13%(M) 13%(H) 13%(Y)
15 Yrs 13%(Q) 13%(M) 13%(H) 13%(Y)
10 Yrs 13%(Q) 13%(M) 13%(H) 13%(Y)
5 Yrs 13%(Q) 13%(M) 13%(H) 13%(Y)
20 Yrs 12%(Q) 12%(M) 12%(H) 12%(Y)
15 Yrs 12%(Q) 12%(M) 12%(H) 12%(Y)
10 Yrs 12%(Q) 12%(M) 12%(H) 12%(Y)
5 Yrs 12%(Q) 12%(M) 12%(H) 12%(Y)
20 Yrs 11%(Q) 11%(M) 11%(H) 11%(Y)
15 Yrs 11%(Q) 11%(M) 11%(H) 11%(Y)
10 Yrs 11%(Q) 11%(M) 11%(H) 11%(Y)
5 Yrs 11%(Q) 11%(M) 11%(H) 11%(Y)
SPECIAL PENSION FOR DR SEKAR MUTHAMIZH SANGAM
20 Yrs 10%(Q) 10%(M) 10%(H) 10%(Y)
SPECIAL PENSION FOR DR SEKAR MUTHAMIZH SANGAM WITH RETURN OF PURCHASE PRICE
20 Yrs (withROP) 10%(Q) 10%(M) 10%(H) 10%(Y)
special case Muthamizh Sangam LOAN/RETURN RATES
DERIVED FROM YEARLY COMPOUNDING(REVISED)
----------------------------------
Period     (Qrly)       (Monthly)       (HalfYrly)       (Yearly)  
5 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)
3 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)
special case Muthamizh Sangam LOAN/RETURN RATES
DERIVED FROM YEARLY COMPOUNDING(REVISED)
without Return of Purchase Price
----------------------------------
Period     (Qrly)       (Monthly)       (HalfYrly)       (Yearly)  
5 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)
3 Yrs 14%(Q) 14%(M) 14%(H) 14%(Y)


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 | go top

INFLAPRO

CHARTS FOR BANTHRA TEMPLE SEVA

(also pl visit http://www.bnv.bvraghav.com to know about INFLAPRO)

For INFLAPRO OPTIONS (AN INVENTION OF B N VENKATARAMAN) and calculations CLICK the figures in the following table
NO LOGIN or password required for these LIC's interest rates to see the inflapro
BANTHRA SEVA SCHEMES
Age     (i)       (ii)  
The calc for option are under development
Years: Enter Seva desc: Rate as of today:  
Years: Nitya Aradhana Seva 120<-click
Years: DAILY ALL PUJA 250<-click


BANTHRA SEVA SCHEMES FOR FIXED TIME FRAME
Age     (i)       (ii)  
The calc for option are under development
Years: Enter Seva desc: Rate as of today:  
Years: Nitya Aradhana Seva 120<-click
Years: DAILY ALL PUJA 250<-click


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html-->...

INFLAPRO APPLICATION-PENSION

CHARTS FOR CUSTOM PARAMETER

(INFLAPRO is the calculation to know the starting payment for a given principal term rate inflation constant
http://www.bnv.bvraghav.com/projects/pension/ to know about INFLAPRO)

Customer id
Password

COMPOUNDING





my decimal


term (1 to 60yrs) term(at click)
5 | 10 | 15 | 20 | 23 | 25 | 30 | 35 | 40 | 45 | 50 | 55 |

moratorium-opt-1years
mora-opt-2years
mora-opt-3years


shownext

immediate pension/payout option:   custom inf small prorata yes/no

shownext


Principal-amt Rs. verify


click to change inflation constant10% pa


Enter Choice of interest rate %pa:


edu loan (yes/no) general loan (yes/no)

lifetime pension(yes/no) Further (half pension/half repayment)(yes/no) maturityval(yes/no) check submit this box for custom options
Auto check/validate parameters

custom lic:   refer lic page for options   option 0: custom undefined> Entryage:For custom choice

sample ?


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PERCENTAGES
Principal:   Rate of Intt:     mode:
   
Term: years      Moratorium-(option2,5,8,11): years       Moratorium-(option3,6,9,12): years

Year
CONVENTIONAL INFLAPRO Cumulative
     Option 1       Option 2       Option 3       Option 4       Option 5       Option 6       Option 7       Option 8       Option 9       Option 10       Option 11       Option 12       Option 13  
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IN RUPEES
Principal:   Rate of Intt:     mode:
   
Term: years      Moratorium-(option2,5,8,11): years       Moratorium-(option3,6,9,12): years

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Year
CONVENTIONAL INFLAPRO Cumulative
hide/show ->      Option 1       Option 2       Option 3       Option 4       Option 5       Option 6       Option 7       Option 8       Option 9       Option 10       Option 11       Option 12       Option 13  

BRIEF DESCRIPTION OF OPTIONS OF ABOVE TABLE


Principal:₹   Rate of Intt:%   mode:  Term: years

Column 1

some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ...

Column 2

some text ...

Column 3

some text ...


BRIEF DESCRIPTION OF PERCENTAGES OF ABOVE TABLE


Principal:₹   Rate of Intt:%   mode:  Term: years

Column 1

some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ... some text ...

Column 2

some text ...

Column 3

some text ...


Breakeven |   |  |  |     |  |  |      |  |  |      |  |  |    
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TABLE OF RUN BALANCE (AUDIT TABLE)

Principal:   Rate of Intt:     mode:
   

Term: years      Moratorium



PROPOSAL FOR BANTHRA INFLATION % INTEREST % P.A.
THIS RUN USGAGE TABLE
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  1. This chart is a presentation of various options for the 'inflapro' for investment at the specified rate of interest say 8.75% p.a. for a specified period of say 20 years.
  2. If one time investment is of 1L rupees then all the percentage on this chart is applicaple on default of 1L rupees.
  3. Option 1,2,3 are based on present conventional EMI method. Even though I called EMI, in this chart it is equal instalment annually or Half yerarly etc as per choice.
  4. In option 1 the pension starts at end/beginning (as the case may be) of first year and continues with the static pension for the entire period of term. Further pension /maturity value may be applicable as the case may be.
  5. In option 2 the pension starts at end of moratorium2 and continues with the static pension for the entire period of term. Further pension /maturity value may be applicable as the case may be. The surrender value is higher than option 1.
  6. In option 3 the pension starts at end of moratorium3 and continues with the static pension for the entire period of term. Further pension /maturity value may be applicable as the case may be. The surrender value is higher than option 1 and optio 2.
  7. Option 4 to 12 are all based on inflation protection to customers.
  8. Option 4,5,6 are similar to option 1,2,3 discussed earlier but for the difference that the pension for the year is 10% higher than the previous year with first year pension as lower than Equated rate and in later years it is quite higher. Further pension or maturity/surrender value after the will be same as that shown in option 1,2,3.
  9. Option 7,8,9 are some modification of option 4,5,6 so that the customer gets further pension at the same full rate as what is paid on the last year of the term and the maturity/surrender value also differs and is much higher than option 4,5,6.
  10. Option 10,11,12 are some modification of option 4,5,6 so that the customer gets further pension at the half rate as what is paid on the last year of the term and the maturity/surrender value also differs and quite comparable to 4,5,6.
  11. Option 13 is the cumlative figure and is having the highest yield option.
  12. As the various options are betterment than simple option 1 of equal payouts, the author suggests a bonus for various options with term 20 yrs or more and the highest bonus is for cumulative option in a typical case of 20 years scheme works out to 3.25% every 5 years or 13% at end of term, so that the payout in cumulative option will be around 548% instead of 535% without bonus effectively.
  13. As these are meant for investment of long term nature any premature withdrawal can be penalised if the withdrawal is within 5 years. And suitable rates are suggested for different years. After 6 years the penalty can be nil and bonus be rewarded.
  14. THE PERCENTAGES SHOWN in table of percentages ARE INDICATIVE AND FOR EXACT CALCULATION upto nearest paise for a given INVESTMENT, ONE HAS TO VISIT THE AUTHOR'S WEBSITE www.bnv.bvraghav.com and to register with a valid email id. Then after exausting the limit of number of calculations, one can ask for increasing the limit to the administrator of the site.
  15. One can fill up custom value of principal and mydecimal (for table of percentages) upto accuracy of 5 decimal places. The inflation constant rate can be selected as per the given options in appropriate box in Custom section. The Life Expectancy span for LIC and SBI can also be selectable above 85 years at LIC selection table. Kindly leave all other custom parameters untouched, if you do not have a login registration. and then click the standard links above for LIC, SBI, HDFC and MUTHAMIZH SANGAM OPTIONS.
  16. This site bnvenkat.com at this page also requires separate registration/login for custom options.
  17. God bless one and all.

    18. For LIC PENSION SCHEME OPTION (iv) WHICH IS ALREADY A FORM OF INFLAPRO with 3%pa inflation rate PLEASE REFER TO OPTION 4 of the derived CHART


Max intt burden for LIC for life expectancy 100yrs
LIC.Age (i)(ii)(iii)(iv)(v)(vi)(vii)
307.70066% pa7.66498% pa

7.40357% pa

8.55495% pa7.56988% pa7.43919% pa

7.36902% pa
408.03483% pa7.94992% pa

7.45354% pa

8.89183% pa7.79226% pa7.56188% pa

7.40749% pa
508.71354% pa8.47631% pa7.52688% pa9.56804% pa8.239% pa7.81386% pa

7.46165% pa
6010.06984% pa9.34102% pa

7.6863% pa

10.92111% pa9.14554% pa8.34827% pa

7.57101% pa
7013.37963% pa10.25985% pa

7.89874% pa

14.12617% pa11.27378% pa9.61776% pa

7.74836% pa
80*
exp.age100		21.20976% pa9.62223% pa

8.25645% pa

21.63249% pa16.09225% pa12.60059% pa

8.0344% pa


********

Interest burden for LIC for life expectancy 85yrs

LIC.Age

(i)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

gauranteed
5 yrs

gauranteed
10 yrs

gauranteed
15 yrs

30

7.59856%

7.56164%

7.41082%

8.3335%

7.46317%

7.32771%

7.37632%

40

7.82472%

7.73502%

7.46864%

8.50153%

7.56824%

7.32389%

7.42266%

50

8.26596%

8.00716%

7.57488%

8.84524%

7.74738%

7.27968%

7.49434%

60

9.01487%

8.88065%

6.76609%

8.17538%

7.7626%

9.42403%

7.94856%

7.01594%

7.647%

70

10.22264%

6.21418%

8.1141%

10.13314%

7.5389%

5.3638%

7.96101%

80*) exp.age95)

20.09608%

7.32301%

8.37394%

20.22579%

14.54059%

10.67402%

8.14948%
*********


Intt burden for LIC for life expectancy 70yrs
LIC.Age (i)(ii)(iii)(iv)(v)(vi)(vii)
307.23971% pa7.19979% pa7.39985% pa7.7088% pa7.09318% pa6.94626% pa7.36526% pa
406.96875% pa6.86654% pa7.44601% pa7.20173% pa6.67607% pa6.39606% pa7.39985% pa
505.85578% pa5.53141% pa7.52688% pa5.61721% pa5.20431% pa4.61167% pa7.44601% pa
60-1.46282% pa-2.75579% pa7.65421% pa-2.97656% pa-3.10789% pa-4.56792% pa7.53844% pa
70*
exp.age80 		4.47145% pa-0.37899% pa7.82834% pa3.50154% pa1.23212% pa-1.41723% pa7.6774% pa
80*
exp.age90 		16.08563% pa0.9701% pa8.08474% pa15.53883% pa9.61033% pa5.01295% pa7.86323% pa

 


Suggested Interest burden for LIC for life expectancy 85yrs
LIC.Age (i)(ii)(iii)(iv)(v)(vi)(vii)
307.46652% pa7.45818% pa7.39985% pa7.39985% pa7.44026% pa7.42359% pa7.36526% pa
407.57934% pa7.56268% pa7.44601% pa7.44601% pa7.54985% pa7.51652% pa7.39985% pa
507.72688% pa7.70188% pa7.52688% pa7.52688% pa7.67101% pa7.62101% pa7.44601% pa
607.92088% pa7.88754% pa7.65421% pa7.65421% pa7.83844% pa7.77177% pa7.53844% pa
708.16167% pa8.12001% pa7.82834% pa7.82834% pa8.0524% pa7.96907% pa7.6774% pa
80*
exp.age95 		8.48474% pa8.43474% pa8.08474% pa8.08474% pa8.31323% pa8.21323% pa7.86323% pa


Suggested startamt perlac for LIC for life expectancy 85yrs
LIC.Age (i)(ii)(iii)(iv)(v)(vi)(vii)
307083707668904553706170486860
407319730669304864729672706890
507745772770005411770476686930
608622860071106465856785247010
7010908108857260901010847108007130
80*
exp.age95 		11090110627480914210993109377290


This run Interest burden for LIC for life expectancy yrs
LIC.Age (i)(ii)(iii)(iv)(v)(vi)(vii)

30

40

50

60

70*
exp.age80
85 for (ii)

80* exp.age90 95 for (ii)


This run startamt perlac for LIC for life expectancy yrs
LIC.Age (i)(ii)(iii)(iv)(v)(vi)(vii)

30

40

50

60

70

80*
exp.age 95

ONE IMPORTANT FINDING

Term: years      Moratorium-(option2,5,8,11): years       Moratorium-(option3,6,9,12): years
Term years

CONVENTIONAL INFLAPRO Cumulative
option 1option 2option 3option 4option 5option 6option 7option 8option 9option 10option 11option 12option 13
Investment
option 1option 2option 3option 4option 5option 6option 7option 8option 9option 10option 11option 12option 13
Investment

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DRAFT PROPOSAL FOR CONSIDERATION OF EXECUTIVE COMMITTEE
TERMS and CONDITIONS FOR MEMBER DEPOSITORS AT MUTHAMIZH SANGAM, LUCKNOW

  1. The Present Loan requirement is Rs. 2.00 Lac only
  2. Member depositor can choose any option from 1 to 12 at 3 Yrs 14% p a (Monthly payment effective rate 13.17462%)
    3 Yrs 14% p a (Quarterly payment effective rate 13.31979%)
    3 Yrs 14% p a (Half yearly payment effective rate 13.54157%)
    3 Yrs 14% p a (Half yearly payment effective rate 14%)
    Member depositor can choose any option from 1 to 12 at 5 Yrs 14% p a (Monthly payment effective rate 13.17462%)
    5 Yrs 14% p a (Quarterly payment effective rate 13.31979%)
    5 Yrs 14% p a (Half yearly payment effective rate 13.54157%)
    5 Yrs 14% p a (Half yearly payment effective rate 14%)

    Interest Rates after 3 years is 14%pa Simple Interest
    Interest Rates after 5 years is 10%pa Simple Interest
  3. Applicable TDS will be deducted on interest payable or actual payout, in consultation with auditors.
  4. The payout is generally preferred to be yearly, However in some special cases other periodical payouts can be considered, provided the interest amount for the period is not less than Rs. 250.00
  5. The deposit will be transferable among members. Muthamizh Sangam will guide with list of members and reserve price on the account which is the run balance. in case of INFLAPRO optoions it is generally higher than principal (face value) amount.
  6. In case of transfer the transferee can give at a discount or at premium as per the mutually agreeable terms with the transferer. In which case Muthamizh Sangam will not charge any administration cost.
  7. If funds permit, Muthamizh Sangam can buy back at the reserve price(Runbalance) at any time during the term.
  8. Any delayed payouts will not bear any additional interest, if settled within three months. Otherwise simple interest, as the case may be will be applicable on the runbalance after posting interest for the three months period.
  9. Legal: All disputes are subject to Lucknow juridisction only.
  10. Needless to say the agreement between current Executive committee is binding on future committees also.
  11. The CEO of Muthamizh Sangam is the Secretary, to execute the loan/advances agreement. Proper receipts will be issued by the Treasurer and President or Secretary.
  12. Members have equal right to voting in AGM and other privileges such as subsidised Hall rent etc. However, u/s 5(iii) of bye-laws, the committee/general body is empowered to change the voting right and other privileges.
  13. In case of over subscription up to 3 lacs above the desired Rs. 2 lacs will be utilized for repaying already exisisting bank loan of 3.75 lacs.
  14. In case any eventuality to the member depositor, nominee/heir will be title holder subject to becoming a member. There will be no charge for Title change.
    Also the nominee/heir will have the option to close the account claiming the balance standing in the account without any penalty.
  15. Document charge per page of printout of agreement (signed by Secretary) including projected ledger for the entire period is charged at the rate of Rs.2/- per page for first copy and Re 1/- page for subsequent copies. The document runs to some 15 pages and are prepared in 3 sets. Optionally Soft copy without signature can be e-mailed free of charge.
  16. All the amount figures are rounded to paise and interest rates are rounded off to 5 decimal places.
  17. Periodical statements will be issued by the secretary/treasurer via email only. No signature is necessary for such statements emailed/forwarded by Secretary. The current official email id is <muthamizhsangamlko@gmail.com>
  18. Swipe in/Top up/Call/Credit to the account is permissible by Muthamizh Sangam Lucknow, at its discretion.
  19. Swipe out/partial redemption/full redemption/Debit into the account is permissible at the discretion of Muthamizh Sangam Lucknow.

BNV's Calculated INTERERST FOR VARIOUS Options
as per age=62 and expected life upto
age opttion description Yearly HalfYearly Quarterly Monthly
1
2
3(a)
3(b)
3(c)
4
5





PAGE FOR INFLATION CONSTANT CHANGE ENTRY



Inflation constant:


-10%  -9.5%  -9%  -8.5%  -8%  -7.5%  -7%  -6.5%  -6%  -5.5%  -5%  

-4.5%  -4%  -3.5%  -3%  -2.5%  -2%  -1.5%  -1%  -0.5%  

0%  

0.5%  1%  1.5%  2%  2.5%  3%  3.5%  4%  4.5%  5%  

5.5%  6%  6.5%  7%  7.5%  8%  8.5%  9%  9.5%  10%  


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PAGE For LIFE EXPECTANCY CHANGE ENTRY



Life expenctancy for LIC pension/Sbi/
icici pension:                 


71yrs  72yrs  73yrs  74yrs  75yrs  76yrs  77yrs  78yrs  79yrs  80yrs  

81yrs  82yrs  83yrs  84yrs  85yrs  86yrs  87yrs  88yrs  89yrs  90yrs  

91yrs  92yrs  93yrs  94yrs  95yrs  96yrs  97yrs  98yrs  99yrs  100yrs  

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expand this audit table opt(4)
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