T-841 BIMA DIAMOND. Presentation by G.VIJAYA KUMAR, BM

Transcription

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2 Launch of much awaited version of BIMA GOLD The Most successful plan from LIC of India for GOLDEN JUBILEE YEAR-2006 NOW BIMA DIAMOND for DIAMOND JUBILEE YEAR-2016

3 BIMA DIAMOND is a Non-Linked With Profits Limited Premium Payment Money Back Type Plan Combination of Protection & Savings Extended Life Cover after Maturity

4 ELIGIBILITY CONDITIONS Minimum Sum Assured Maximum Sum Assured Sum Assured Multiples Policy Term / Premium Paying Term Premium Mode Rs.1,00,000 Rs.5,00,000 Rs.20, years (10 years) 20 years (12 years) 24 years (15 years) Yly/Hly/Qty/ECS-Mly/SSS

5 ELIGIBILITY CONDITIONS Minimum Age at Entry Maximum Age at Entry Maximum Age at Maturity 14 years Completed Term 16 = 50 years NBD Term 20 = 45 years NBD Term 24 = 41 years NBD Term 16 = 66 years NBD Term 20 = 65 years NBD Term 24 = 65 years NBD Mode Rebate Yly 2%, Hly 1%

6 ELIGIBILITY CONDITIONS High Sum Ass Rebate (per Rs.1000 SA) Rs.1.0 lac to Rs.1.8 lac = Nil Rs.2.0 lac to 4.8 lac = Rs.2.5 Rs.5 lac = Rs.3 Extended FREE Cover 50 % of Sum Assured Policy Term Extended Term 16 years 8 years free cover 20 years 10 years free cover 24 years 12 years free cover

7 ELIGIBILITY CONDITIONS Accident & Disability Rider Term Rider Rs to Rs Multiples of Rs Subject to Maximum of 1 Crore Available from Age 18(completed) to Age 66(T-16) & Age 65(T-20&24) Rs to Rs Multiples of Rs Subject to Maximum of 25 lakhs Available from Age 18(completed) to Age 66(T-16) & Age 65(T-20&24)

8 Survival & Maturity Benefit TERM % of Sum Assured at the end of 4 th, 8 th, & 12 th policy year Maturity Benefit: On Completion of 16 years 55% of Sum Assured + Loyalty Addition(if any) shall be payable

9 Survival & Maturity Benefit TERM % of Sum Assured at the end of 4 th, 8 th, 12 th & 16 th policy year Maturity Benefit: On Completion of 20 years 40% of Sum Assured + Loyalty Addition(if any) shall be payable

10 Survival & Maturity Benefit TERM % of Sum Assured at the end of 4 th, 8 th, 12 th, 16 th & 20 th policy year Maturity Benefit: On Completion of 24 years 40% of Sum Assured + Loyalty Addition(if any) shall be payable

11 Death Benefit During First 5 Years: Sum Assured on Death shall be payable After Completion of 5 Years: Sum Assured on Death + Loyalty Addition(if any) shall be Payable During the Extended Cover Period: 50% of Basic Sum Assured shall be Payable

12 Date of commencement of Risk : Immediate Sum Assured on Death: 10 times of Annualized (or) 100% of SA (or) 105% of total premiums paid as on date of death.

13 AUTO COVER BENEFIT PERIOD Atleast 3 full year Premium Paid : Auto cover period of 6 months from date of FUP Atleast 5 full year Premium Paid : Auto cover period of 2 years from date of FUP If Death occurs during this period : Death benefit as per base plan will be payable.

14 Other Benefit Loan: Atleast 3 yrs premium paid Surrender: Atleast 3 yrs premium paid Revivals : With in 2 years from the date of FUP. Grace Period: 30 days for Yly/Hly/Qty 15 days for ECS-Mly

15 Other Benefit Date Backing:Allowed within the same financial year. Free Lock Period(cooling off):policy holder is not satisfied with the terms& conditions of the policy, he may be return within 15 days from the date of receipt of the policy. Assignments / Nominations: Available after Vesting(Completion of 18 years of Age) Proposal Forms: Form No.300/340/360

16 Agents Commission TERM PPT 1 st Year 2 nd & 3 rd Year Subsequent Years 24 years 15 years 25 % 7.5 % 5 % 16 & 20 years 10 & 12 years 20 % 7.5 % 5 % Bonus Commission 40% on 1 st year commission

17 75,000 75,000 75,000 75,000 75,000 T-841 BIMA DIAMOND For Age:30 / SUM ASSURED = 5,00,000 D.O.C TERM EXTENDED TERM PPT 15 PREMIUM Rs RISK COVER (upto 5 years) Rs RISK COVER (after 5 years) Rs LA MATURITY 2L(40% of of SA) +Loyalty Addition EXTENDED RISK COVER (After Maturity) Rs

18 75,000 75,000 75,000 75,000 T-841 BIMA DIAMOND For Age:30 / SUM ASSURED = 5,00,000 D.O.C PPT TERM EXTENDED TERM PREMIUM Rs RISK COVER (upto 5 years) Rs RISK COVER (after 5 years) Rs LA MATURITY 40% of SA +Loyalty Addition EXTENDED RISK COVER (After Maturity) Rs

19 75,000 75,000 75,000 T-841 BIMA DIAMOND For Age:30 / SUM ASSURED = 5,00,000 D.O.C TERM EXTENDED TERM PPT PREMIUM Rs RISK COVER (upto 5 years) Rs RISK COVER (after 5 years) Rs LA MATURITY 40% of SA +Loyalty Addition EXTENDED RISK COVER (After Maturity) Rs

20 THANK YOU ALL THE BEST Presentation by G.VIJAYA KUMAR, BM, AMINJIKARAI-SO, CBO-17, CHENNAI-DO2