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INSURANCE
PRODUCTS
For Last Five Years all
Insurance Companies are in
the Market with their ULIP
Products.
After imposition of
Minimum Lock in Period
by IRDA , all companies
launched new (ULIP)
products
Unit Linked Products
are.
Flexible.
Transparent.
Easy to understand.
Provide Better
Returns
Having More
We will have
a Study of
Endowment type plans
of these companies.
Life Link Super- A Single Premium Policy
.
Life Time Plus – A Regular Premium Policy.
Premier Life Gold - A Limited Payment Policy.
Life Link Super: A Single Premium Insurance Plan
In Premium Allocation:
ICICI is charging
at the rate of 25%
in first two years
Unit Linked Endowment
.
A Regular Premium Policy
New
. Unit Gain –
A Regular Premium Policy.
New Unit Gain –
A Regular Premium Policy.
New Unit Gain Premier SP
Age O-60 yrs, maturity 70 yrs
“MONEY PLUS”
in the market ?
TELL YOUR CUSTOMER TO
TAKE THIS POLICY ONLY FOR
FIVE YEARS
AND
PAY ANNUALISED PREMIUM
ONLY FOR THREE YEARS
IT WILL BE JUST LIKE A FIXED
DEPOSIT IN CAPITAL MARKET
CUM ATM(ANY TIME MONEY)
FOR TEN YEARS !!!
HOW IT WILL WORK ?
• Auto cover facility for TWO years
• Partial withdrawal facility after 3 years
• Mortality charges likely to reduce to ZERO
within three years
• 4th & 5th Premium can be paid using partial
withdrawal facility
• No concept of interest on loan
• No concept of revival or late fee
HOW THE POLICY WILL RUN
FOR 5 YEARS MORE AFTER
MATURITY ?
IRREGULAR
SETTLEMENT OPTION
HOW IT IS GOING TO BENEFIT
CUSTOMERS ?
• Work just like ATM
• Balance money remains invested in equity
• No charges at all except FMC (1.5%)
• Can be salary income for next 5 years
• Can be future provision- son’s education
• Can be future provision- daughter’s study
• You can time it up and down of SENSEX
CAGR Since Inception…
Under Risk/Growth Fund - As on 31.12.2006