Mr Proposer. Bimadeep - Best Quality Software in India. Sample Presentation For Demonstration Purpose Only

Transcription

1 Mr Proposer Sample Presentation For Demonstration Purpose Only

2 Plan 820: New Money Back Plan - 20 Years LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. Features Benefits: Death benefit: On death during the policy term provided the policy is in full force, death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid as on date of death. Maturity Benefit: In case of Life Assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Eligibility Conditions and Other Restrictions: Minimum Basic Sum Assured : Rs. 100,000 Maximum Basic Sum Assured : No Limit (The Basic Sum Assured shall be in multiples of Rs. 5000/-) Minimum Age at entry for Life Assured : 13 years (completed) Maximum Age at entry for Life Assured : 50 years (nearest birthday) Maximum Maturity Age for Life Assured : 70 years (nearest birthday) Term : 20 years Premium paying term (PPT) : 15 years Minimum Accident Benefit Sum Assured : Rs. 100,000 Maximum Accident Benefit Sum Assured : An amount equal to the Sum Assured under the Basic Plan subject to the maximum of Rs.50 lakh Accident Benefit Sum Assured taking all existing policies of the Life Assured under individual as well as group schemes including policies with in-built accident benefit taken with Life Insurance Corporation of India and the Accident Benefit Sum Assured under the new proposal into consideration. Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly mode (through ECS only) or through salary deductions over the term of policy. However, a grace period of one month but not less than 30 days will be allowed for yearly, half-yearly, quarterly modes and 15 days for monthly mode of premium payment. You can know ten things by learning one

3 Plan 189: Jeevan Akshay - VI Introduction : In view of the demand from various offices it has been decided to modify LIC s Jeevan Akshay VI plan. The modifications are as under: The plan shall also be sold online in addition to other existing distribution channels. Annuity option- Joint-life and 100% of annuity to spouse on death of the annuitant with return of purchase price on death of last survivor shall also be available in addition to the existing six options. Reduction in the minimum age at entry and increase in maximum age at entry. Minimum premium amount for online sale shall be Rs. 1.5 lacs and for other distribution channels it shall be Rs. 1 lac. Slabs of incentive for higher purchase price have been modified. Service tax to be collected from the policyholder along with the purchase price. Features Benefits: The first instalment of annuity shall be paid one year, six months, three months or one month after the date of purchase of the annuity depending on whether the mode of annuity payment is yearly, half-yearly, quarterly or monthly respectively. Further, annuity shall be paid during the life time of the annuitant with following provisions on death of the annuitant for different options: (a) Under option (i) - payment of annuity ceases. (b) Under option (ii) i. On death during the guarantee period - annuity is paid to the nominee till the end of the guaranteed period after which the same ceases. ii. On death after the guarantee period - payment of annuity ceases. (c) Under option (iii) - payment of annuity ceases and the purchase price is returned to the nominee. (d) Under option (iv) - payment of annuity ceases. (e) Under option (v) - payment of annuity ceases and 50% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant. (f) Under option (vi) - payment of annuity ceases and 100% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant. (g) Under option (vii) - payment of annuity ceases. 100% of the annuity is paid to the surviving named spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse. If the spouse predeceases the annuitant, the annuity ceases and purchase price is paid to the nominee. When in doubt, tell the truth

4 Presentation Details Plan Plan Name Term / PPT Sum Assured Bonus Mode *Premium Total Prem's Paid Maturity Year Maturity Amount 820 New Money Back Plan - 20/ Yly Jeevan Akshay - VI 0/ SP Total: Note: The above Statements are based on certain assumptions, which are liable to change according to Government / Corporation's Policies. * Rider Premiums are included in Premium. * NI is number of installments. The FAB for Plan 820/20/15 is Rs. 40 Rider Details Plan Term PPT Rider Name Rider Sum Rider Term Rider Premium Total Prem's Paid Double Accident Benefit Total Agents Copy Sr. No. DOC Pn / Tm / PPT Sum Assured Mode Yearly Half Yearly Quaterly Monthly SSS/ECS Single Per Day No of Inst. 1 23/07/ /20/ /07/ /0/ Note: The Single Premium for Plan 189 shown in above table is Inclusive of Service Tax. A hard thins about business is minding your own

5 Nobody Plans to Fail They Just Fail to Plan Benefits During Investment Period The Premium Paying period is the productive period of your life. During this period you have to make provision for your retirement by paying annual premium of 89766/-. Tax Date Age Natural life cover Accidental life cover Annual Investment This presentation give an effective yield of 9.37% Tax Saved Net Investment Income from LIC Surrender Value Total Loan Available 23/07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ Note: * Total The above Statements & Quotation are as per present calculations & certain assumptions, which are liable to change according to Government / Corporation's Policies. * In Plan 165 LA is given on maturity depending upon the Experience of LIC. If Maturity of following Vested Plans is invested in LIC's Jeevan Akshay then Life Assured will get the benefits given in following table. Year Plan (Vested) Plan (Purchased) Annuity Option Amount Invested Annuity Mode Pension Amount On Commutation On Death Amount Pension Return of Yly purchase price For Plan 189, The Amount Invested is the amount with deducting Service charge. A friend is someone who reaches for your hand and touches you heart

6 Benefits After Investment Period In this period your risk cover will continue for Lifetime. In case of your unfortunate death your dependents will get an amount equal to /-. Date Age Natural Life cover Accidental Life cover 23/07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ /07/ Yearly Income Life is so much simpler when you tell the truth

7 23/07/ /07/ /07/ /07/ As shown in above table the [Life Cover ] Rs Continues till the death of life assured. As shown in above table the [Income From LIC ] Rs. p.a. Continues till the death of life assured. * The above Statements & Quotation are as per present calculations & certain assumptions, which are liable to change according to Government / Corporation's Policies. It takes years to build up trust, and only seconds to destroy it