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ICICI Prudential Life Time Premier is a unit linked insurance plan (ULIP) with Double Benefits, such that if the Life Insured dies within the policy tenure, the nominee would receive the Sum Assured as well as the Fund Value as Death Benefit.
Double benefit ULIP sum assured on death and fund value on maturity to nominee Loyalty Units are added to the fund every five years, starting from the 10th policy year Option to increase or decrease the Sum Assured anytime during the Policy Term Choice of 8 Investment Funds and 2 Portfolio Strategies Option of Automatic Transfer Strategy using which one can systematically invest in the equity funds
Eligibility conditions and other restrictions in ICICI Pru Life Time Premier
Minimum For age <=45 years, SA = Higher of (10 AP) and (0.5 PT AP) For age > 45 years, SA= Higher of (7 AP) and (0.25 PT AP) Policy Term (in years) Premium Payment Term (in years) Entry Age of Policyholder Age at Maturity Regular Pay premium (in Rs.) 10 years 5 years 7 years 18 years Rs 18,000 p.a. 30 years Equal to Policy Term 65 years 75 years No Limit According to maximum Sum Assured multiple. Maximum
No Limit
2.
Top-up - The minimum and maximum amount for Top-up is Rs 2,000 and sum assured automatically increases either by 125% or 500% of the top up premium amount. Top Up can be done anytime except during the last 5 years of the
Policy Term and each Top-up Premium also has a Lock In Period of 5 years.
Switching - The minimum amount that you can switch is Rs 10,000. First 6 switches are free. Switching from a nonguaranteed NAV Option to Guaranteed NAV Option is not allowed. Partial Withdrawal - Partial withdrawals are allowed only after completion of 5 policy years. One Partial Withdrawal is allowed in each policy year up to a maximum of 20% of the existing Fund Value. The partial withdrawals are free of cost but the minimum is Rs 2,000
ICICI Prudential Pinnacle Super ICICI Prudential Wealth Plus ICICI Pru LifeStage Wealth II ICICI Pru LifeLink Wealth SP Key features
Flexible premium payment options Loyalty additions paid every 5 years from 10th policy year Flexibility to invest surplus money over and above your regular premiums Tax benefits as per prevailing tax laws
Regular Premium Sum Assured (in Rs.) Single Premium Policy Term (in years) Premium Payment Term (in years) Entry Age of Policyholder (in years) Age at Maturity (in years) Single Premium (in Rs.) Payment modes
premium 1.25 x Single premium 10 Single 7 18 30,000 5 x Single Premium 20 Equal to Policy Term 60 70 No Limit
1. 2. 3. 4.
Top-up NA Switching You can switch between the four fund types for the entire Fund Value during the policy term subject to switching charges, if any. Partial Withdrawal Partial withdrawals are allowed only after completion of 5 policy years or the life insureds age is at least 18 years, whichever is later. Partial withdrawal will be allowed subject to at least 2 years premiums should remain in the Policyholders Fund Value in case of regular premium policies and 25% of the single premium paid in case of single premium policies.
Offers investment cum insurance cover during the term of the policy Option to invest in 4 fund options Higher of Sum Assured and the Policyholders Fund Value shall be available as death benefit Choice of 2 additional riders
Eligibility conditions and other restrictions in Tata AIA Life Lakshya Supreme
Minimum Sum Assured (in Rs.) Policy Term (in years) Premium Payment Term (in years) Entry Age of Policyholder(in years) Age at Maturity(in years) Single Premium (in Rs.) Payment modes 7 X Annual Premium 20 Equal to Policy Term 4 NA Not Allowed
There are 7 Investment Funds available 1. 2. 3. 4. 5. 6. 7. Large Cap Equity Fund Whole Life Mid Cap Equity Fund Super Select Equity Fund Whole Life Aggressive Growth Fund Whole Life Stable Growth Fund Whole Life Income Fund Whole Life Short Term Fixed Income Fund
And 2 Portfolio Strategies to choose from are: 1. 2. Systematic Money Allocation & Regular Transfer (SMART) Automatic Asset Allocation (AAA)
Top-up - Top Up is allowed except in the last 5 years of the policy. Minimum Top Up premium is Rs 5,000. Each top up premium has a lock in of 5 years Switching - 12 free Switches are allowed in each policy year under this plan. Partial Withdrawal - Partial withdrawals are allowed only after completion of 5 policy years or the life insureds age is at least 18 years, whichever is later. The Minimum Partial Withdrawal is Rs 5,000 such that at least 1 years annualized premium should be maintained after Partial Withdrawal.
Tata AIA Life Insurance InvestAssure Gold Supreme Tata AIA Life Insurance InvestAssure Maximizer Tata AIA Life Insurance Swarna Bhavishya Tata AIA Life InvestAssure Flexi Supreme Tata AIA Life Insurance United Ujjwal Bhawishya Supreme Tata Tata AIA AIA Life Life Insurance Insurance Swarna Pratigya Gyan Single Kosh Premium
Tata AIA Life InvestAssure Plus Supreme - Single Premium Key features
Simplified issuance with dual benefit of investment & protection Sum Assured paid to nominee in case of death of life insured 7 Investment Fund Options to suit your investment profile ax benefits u/s 80C and 10 (10D) of the Income Tax Act
Minimum Higher of Sum Assured (in Rs.) for Regular and Limited Payment Options 105 % of Premium Paying Term x Annualized Premium or 10 x Annualized Premium For age <45 years, 125% of Sum Assured (in Rs.) for Single Payment Option Single Premium and for age>=45 years, 110% of Single Premium Policy Term (in years) Premium Payment Term (in years) Entry Age of Policyholder Age at Maturity Single premium (in Rs.) Payment modes 15 Single 5 Rs 45000
Maximum 40 X Annualized Premium (if age less than 45) And 11 X Annualized Premium (if age>=45 years)
5 x Single Premium
Top-up - Not Applicable Switching - The minimum amount that you can switch is Rs 5,000. 2 switches are free every month, i.e. 24 switches are free every year. Partial Withdrawal - Partial withdrawals are allowed only after completion of 5 policy years or 18 years age of the life insured, whichever is later. The minimum amount that you can withdraw is Rs 5,000 and the maximum is 25% of Fund Value such that the Fund Value after withdrawal does not fall below 110% of the annual premium for Regular Payment and Limited Payment Options and the Fund Value after withdrawal does not fall below Rs 45,000 for Single Payment Option.
You want a loan against your policy- Loan is available under this plan before completion of 5 years and not afterwards.
Key features
Unit-linked insurance plan with life cover Option to invest in 5 funds across different asset classes Can be purchased online Tax benefits as per prevailing tax laws
Unit linked insurance plan with a double death benefit No medical tests required 8 options of basic Death Benefit with 3 choice of riders Choice of 5 Investment Fund Options
1. 2. 3. 4. 5. 6. 7. 8.
Life Option = Death Benefit Extra Life Option = Death Benefit + Accidental Death Benefit Life & Health Option = Death Benefit + Critical Illness Benefit Extra Life & Health Option = Death Benefit + Critical Illness Benefit + Accidental Death Benefit Life & Disability Option = Death Benefit + Accidental Total & Permanent Disability Benefit Extra Life & Disability Option = Death Benefit + Accidental Death Benefit + Accidental Total & Permanent Disability Benefit Life & Health & Disability Option = Death Benefit + Critical Illness + Accidental Total & Permanent Disability Benefit Extra Life & Health & Disability Option = Death Benefit + Accidental Death Benefit+ Critical Illness + Accidental Total & Permanent Disability Benefit
10 x AP
40 x Annual Premium
Policy Term (in years) Premium Payment Term (in years) Entry Age of Policyholder (in years) Age at Maturity (in years) Single Premium (in Rs.) Payment modes
30
65 75 NA
Investment Fund Options There are 5 Investment Funds available 1. 2. 3. 4. 5. Short Term Fund Income Fund Balanced Fund Blue Chip Fund Opportunities Fund
Top-up - Not allowed in this plan Switching - Free switching is allowed at anytime. Partial Withdrawal - You are allowed to make partial withdrawals in this policy after 5 complete policy years or the life assured is 18 years old, whichever is later. The minimum amount of partial withdrawal should be Rs. 10,000 subject at least 150% of original regular premium remaining in the Fund Value and the Maximum Partial Withdrawal allowed is upto 300% of the original regular premium.
You stop paying the premium before 5 years - If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee. You stop paying the premium after 5 years - If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately. You want to surrender the policy If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated. You want a loan against your policy - There is no loan available under this plan.
Key features
Variable Financial Protection for your family Flexible additonal benefit options Outstandaing investment opportunity of choice of selected investments Tax benefits as per prevailing tax laws
Option of short premium payment terms Entry age of Life Insured upto 60 years Systematic investment through STP option to manage market volatilities Choice of add on covers like Personal Accidental Benefit and Dread Disease rider
Benefits you get from Max Life Fast Track Insurance Policy
Death Benefit In case of death of the Life Insured before maturity of Policy, amount equal to Sum Assured plus Fund Value will be paid to the nominee. Maturity Benefit On maturity the Policyholder will be eligible to an amount equal to Fund Value. The Fund Value will be calculated as: Fund Value = Accumulated Units x NAV prevailing at that time Income Tax Benefit The premiums paid by customers towards this policy are exempted under section 80C and the policy proceeds on maturity are exempted under section 10(10D) under section 80C of Income Tax Act
Eligibility conditions & other restrictions in Max Life Fast Track Policy
Minimum Limited Pay Age 30 to 45 years = 10 or 20 times ATP Age 46 to 60 years = 10 times ATP Sum Assured (in Rs.) Single Pay (SP) Age 30 to 45 years = 1.25 or 5 times SP Age 46 to 60 years = 1.25 times SP Annual Premium (in Rs.) Policy Term (in years) Premium Payment Term (in years) Rs.100,000 10 1 No limit 20 10 Maximum
Entry Age of Policyholder Age at Maturity Single premium (in Rs.) Payment modes
30 Rs.100,000
60 70 No limit
Additional Features and Benefits of Max New York Life Fast Track Plan
Riders There are 2 riders available in this policy
Personal Accidental Benefit is paid in case the insureds death or total and permanent disability is caused by an accident. The rider can be opted for ages between 30 to 55 years and expires at life insured age 60 Dread Disease can be opted for ages between 30 to 50 years, and expires at life insured age 60. It gives you an additional coverage from 10 specified dread diseases which, in case insured is diagnosed with any of the below mentioned diseases, an additional benefit will be paid to the insured. Diseases like Heart Attack, Cancer, Stroke, Corornary Artery Bypass Graft, Multiple Sclerosis, Kidney Failure, Major Organ Transplant,
Investment Fund Options There are 6 Investment Funds available to the customer under this policy 1. Growth Fund 2. Growth Super Fund 3. Balanced Fund 4. Conservative Fund 5. Money Market Fund 6. Secure Fund For customers, who wish to leave the hassles of investment to the insurance company can choose theSystematic Transfer Plan (STP). The option of STP is available only to those customers who have chosen to pay through annual mode or in case of Single Premium Top-up - There is no option of top up premiums in this policy. Switching - A minimum switch amount of Rs.5,000 is allowed anytime during the policy term. Switches are free of charge and a maximum of 12 switches will be allowed in a Policy Year Partial Withdrawal - A maximum of 12 partial withdrawals allowed in a policy year and all are free of charge. Minimum partial withdrawal amount is Rs 5,000 per transaction.
Option of short premium payment terms enabling an early maturity and fast track accumulation Choice of six well managed funds for investors with different risk appetite Systematic Investment through STP option- to safeguard your wealth against market volatilities Flexibility to make partial withdrawals to meet unplanned expenses
The policy adds a certain guaranteed amount to your investments from the 10 policy year Option to choose a specific Guaranteed Savings date when the Fund Value would be paid out to the Life Insured Option to increase Sum Assured by opting for Enhanced Sum Assured
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Benefits you get from Birla Sun Life Dream Endowment Plan
Death Benefit In case of death of the policy holder, the nominee gets Basic Sum Assured + Fund Value + Enhanced Sum Assured (if opted). Death benefit shall never be less than 105% of total basic premiums paid to date minus any previous partial withdrawals. Maturity Benefit - If the policy holder survives the policy term, then he/she gets the higher of Fund Value + Guaranteed Savings Fund at maturity. Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The maturity amounts you receive from this plan are exempt from tax under section 10(10D)
Minimum The higher of 10 or the number of years to maturity divided by 2, for entry ages below 45 and The higher of 7 or the number of years to maturity divided by 4, for entry ages 45 and above Policy Term (in years) Premium Payment Term (in years) Lock-in period Entry Age of Policyholder Age at Maturity 1 year 18 years Annual- Rs 12000 Regular premium Half-Yearly- Rs 15000 Quarterly- Rs 20000 Monthly- Rs 24000 Single premium Payment modes Top-up premium Not Allowed 10 years 5 years 5 years
Maximum
No limit
65 years 75 years
No limit
Not Allowed
Yearly, Half-Yearly, Quarterly and Monthly (ECS) Not Allowed Not Allowed
Additional Features and Benefits of Birla Sun Life Dream Endowment Plan
Riders Some additional benefits can be taken in the form of riders by paying extra premium
Type of Rider Accidental death benefit Permanent disability benefit Waiver of premium benefit Critical illness (or dread diseases) benefit Increased death benefit / Term rider Hospital cash benefit Surgical Care benefit
Available with Policy Yes Yes Yes Yes Yes (called as Enhanced Sum Assured) Yes Yes
Investment Fund Options Under this plan the policy holder gets the following fund options: Fund Enhancer
Top-up - There is no top-up facility under this policy. Switching - Since this policy has only one choice of investment fund, there is no switching facility. Partial Withdrawal - The policy holder is allowed to make partial withdrawals in this policy after completing 5 policy years or when the Life Insured is 18 years of age, whichever is later. The minimum amount of partial withdrawal should be Rs. 5000. There is no maximum limit, but a minimum Fund Value of Rs. 25,000 needs to be maintained.
Guaranteed Savings Amount on the date of your choice Choice of Policy Term and Premium Payment Term
Enhanced financial security for your loved ones Option of 5 additional riders
Minimum Higher of (10 X Annual Premium) Sum Assured (in Rs.) Or (0.5 X Policy Term X Annual Premium) Policy Term (in years) Premium Payment Term (in years) Entry Age of Policyholder (in years) Age at Maturity (in years) Single Premium (in Rs.) Payment modes 10 years 5 years / 10 years 0 18 NA Only Yearly
Maximum
25 X Annual Premium
Investment Fund Options In this plan there are 8 Investment Fund Options 1. 2. 3. 4. 5. 6. 7. 8. Classic Opportunities Fund Frontline Equity Fund Balanced Fund Dynamic Floor Fund II Bond Fund Floating Rate Fund Gilt Fund Money Market Fund
Top-up - You can invest additional premiums as top-up premiums anytime except in the last five policy years. The minimum top-up premium is Rs. 10,000. Every Top-up premium shall have an Additional Sum Assured which will be 1.25 times or 1.1 times of the Top-up premium paid. This Additional Sum Assured will be in addition to the life cover Switching - You have the flexibility to switch investments from one fund to the other any time during the policy term. First 4 switches are free in every policy year. Partial Withdrawal - You are allowed to make partial withdrawals in this policy after 5 complete policy years. The minimum amount of partial withdrawal should be Rs. 10,000 such that one annual premium should be maintained after Partial Withdrawal
Key features
Unit-linked insurance plan with comprehensive protection of life insurance Enhanced protection for your family through Triple Benefit Wealth accumulation through investing in a fund of your choice Tax benefits as per prevailing tax laws
Introduction:
SBI Life Smart Horizon is a non participating Unit Linked Life Insurance Plan. With Smart
Horizon, we give you a hassle free way to get market linked returns through the unique feature of Automatic Asset Allocation, so you truly dont need to be an expert to grow your money! Should you be keen on managing your money actively, we also give the freedom to take charge of your investments.
Key Features:
No Premium Allocation Charge from 2nd year onwards, thereby enhancing your fund value.
Hassle free investment management by way of Automatic Asset Allocation, also a choice to manage your investments actively by choosing between 4 diverse fund options at your disposal. You can also enjoy the best of both worlds, by a combination of Automatic Asset Allocation and the Active Fund Management options. Life Insurance coverage, with minimum Sum Assured based on your age.
Flexible product with an option to increase or decrease your Sum Assured, from 6th year onwards. Switch and redirection facilities, to give you the power for active management of your investments. Option to customize the product with a wide range of riders: SBI Life - Criti Care 13 Rider (UIN: 111A018V01), SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V01), SBI Life - Premium Payor Waiver Benefit Rider (UIN: 111A017V01) and SBI Life - Income Sustainer Rider (UIN: 111A020V01).
Product Snapshot Age at Entry
*
Maximum: 60 years
10 yrs, 15 to 30 years (both inclusive) Minimum Yearly Half-yearly Quarterly Monthly Rs 24,000 Rs 15,000 Rs 8,000 Rs 3,000 Maximum Rs 74,000 Rs 37,000 Rs 18,500 Rs 6,200
***
Minimum: For Ages below 45 yrs : Higher of {10 x Annual Premium (AP) or (0.5 x Term x AP)} For Ages 45yrs & above: Higher of {7 x AP or (0.25 x Term x AP)} Maximum:For All Ages - 20 x AP
Benefits:
Death Benefit: Higher of the Fund Value or Sum Assured# is payable; with a minimum of 105% of total basic premiums paid# till the time of death.
Rider Benefits:
SBI Life - Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis.
Accidental Death Benefit Linked Rider:Provides additional death benefit if the death occurs as a result of an accident.
Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.
Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.
Tax Benefits:
Tax deduction under Section 80C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured. Tax deduction under Section 80 (D) is available for premiums paid towards Criti Care 13 Rider.
Tax exemption under Section 10(10D) is available, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy.Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
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Flexible Life Cover Flexible Investment Options Regular income through systematic withdrawal benefit after age 60
Minimum entry age: 8 years Maximum entry age: 55 years (Subject to Premium Payment Term)
Choose premium paying terms of 5-25 years Premium Payment Options Annual, half-yearly, quarterly or monthly Minimum Premium Payable
Annual : Rs. 15,000 Half-Yearly : Rs. 8,000 Quarterly : Rs. 4,000 Monthly : Rs. 1,500 Top ups Rs. 5,000