Presentation ON Ulips: By: Sahil Arora 04721201810 BBA (B&I) 5 SEM. 2 Shift

PRESENTATION ON ULIPS
BY: SAHIL ARORA 04721201810 BBA(B&I) 5TH SEM. 2ND SHIFT
ULIP PLANS
TYPE-I
TYPE-II
TYPE-I
Gives the higher of the sum assured or fund value as death
benefit. For example A' holds a type I ULIP that gives her a sum assured of Rs 5 lakh for an annual premium of Rs 50,000. In case of death in the initial years of the policy, when the fund value is less than the sum assured, the insurer will pay the agreed sum (which here is Rs 5 lakh) to A's nominee. However, from the time the fund's value goes higher than the sum assured, the death benefit will be the accumulated amount in the fund. This essentially means that post the initial years of the policy, you cover the risk with the money you yourself have saved over the years. Premium amount is lower for Type 1 ULIP compared to other ULIP types.
TYPE-II
This plan pays the policy holder both benefits i.e. sum assured and fund value. For example , if A holds a type II ULIP, the insurer would have given A's nominees both the sum assured of Rs 5 lakh and the amount accumulated in the fund as on the date of death. For the added risk the insurance company assumes under the type II policy, it charges the policy holder an extra cost.
TATA AIA InvestAssure II

About plan: Minimum Term: Maximum Term: SEC 80 C
15yrs. 30yrs. Under Section 80 C premiums up to Rs.100,000 are allowed as deduction from taxable income. Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961
SEC 10 (10)D
POLICY SPECIALITY: No penalty for surrendering the policy any time after the 6th year. InvestAssure II also offers the flexibility to switch between funds, premium top-ups, partial withdrawal, premium holiday, policy reinstatement, and multiple premium payment modes.
RIDERS:
Payer Benefit Rider Accidental Death Benefit (ADB) Rider Critical Illness Rider (Lumpsum Benefit)
Waiver of premium Rider.
MET SMART PLUS

BENEFITS: 1. Whole Life Policy that provides life cover protection up to age 100. 2. Option to choose different Sum Assured multiples from 5 times to 110 times the Annual Premium.
3. Offers choice of seven investment fund options to
suit your risk/return profile.

4. Allows access to cash anytime after three years to
meet your financial requirements.
Minimum Entry: Maximum Entry:
15 yrs. 55 yrs.
HDFC Standard Life Crest

BENEFITS: 30-day free look-in period instead of the usual 15 days. Minimum guaranteed NAV of Rs. 15 at maturity. In case of your unfortunate demise during the policy term, CO. will pay the amount higher of your Sum Assured (less partial withdrawals) or your total fund value to your family. Choice of two Investment Options - Highest NAV Guarantee Fund or Free Asset Allocation Option.
Minimum Entry: Maximum Entry:
14yrs. 55yrs.
Unit Gain Plus Gold

BENEFITS: The policy continues to participate in the investment even if the policy holder is powerless to pay the premiums for 3 years. Flexibility of limited withdrawals, any time after 3 years from beginning of the Policy if 3 full years premiums have been paid. On the maturity of the policy the amount the same to the fund value will be paid in periodic installments.
RIDERS: Accidental Death Benefit Rider. Accidental Permanent Total/ Partial Disability Benefit Rider. Critical Illness Benefit Rider. Hospital Cash Benefit Rider. Waiver of Premium Benefit. Family Income Benefit.
Future Confident - II
BENEFITS: You can invest as low as Rs.1500 / Rs.3000 / Rs.5000 / Rs. 10,000 per month with no upper limit. You get life insurance upto 70 years of age. The maturity amount is also tax free. The minimum premium paying term is only 3 years with 3 years lock-in period. You can pay premium till your retirement or 70 years of age or stop in between in case of disturbance in your budget. No commitment from your side is required. You can increase or decrease the premium amount later on after 2 years of starting of plan and your S.A. will increase or decrease in the same ratio.
ING High Life

BENEFITS: On death before the Policy Maturity date, the Sum Assured or the Policyholder's Fund Value whichever is higher, will be payable. The Policy matures on survival of the Life Assured on the Policy Maturity Date. The Maturity Benefit is equal to the Policyholders Fund Value. For the purpose of projecting Benefits under this Policy, the Life Insurance Council has prescribed two rates of returns. Currently the prescribed higher rate is 10% p.a. and lower rate is 6% p.a. These rates have been used to demonstrate the growth in the value of Units under this Plan.
RIDERS: Accident Death Disability & Dismemberment Benefit. Accident Death Benefit.
Maximum Entry Age
70 Yrs.
Life Time Gold

You can choose your own policy term, minimum from
10 years to maximum 75 years. Choice of paying the premium payment either monthly, bi-annual or annually. Free switches between funds 4 times a year. Withdrawal of amount in installments from the 4th year onwards.
Age of Entry :
0 yrs to 65 yrs.
Reliance Super Market Return Term 10 Plan

Benefits: On survival to maturity the Fund Value on maturity will be paid out. If death of the life assured occurs before commencement of risk cover Total Fund Value relating to the basic policy as on the date of intimation of death will be paid.If death of the life assured occurs after commencement of the risk cover In the event of death of the life assured before 60th birthday, the higher of Sum Assured and the total fundvalue as on the date of intimation of death will be paid.
RIDERS: o Accidental death & Total & Permanent Disablement Rider . o Term Life Insurance Benefit Rider. o New Critical Condition (25) Rider. o New Major Surgical Benefit Rider. Minimum Entry Age Maximum Entry Age 30 Days 70 Yrs.
ICICI Pru LifeStage RP

From 4th year onwards, one partial withdrawal is
allowed each year subject to a maximum of 20% of the Fund Value on the date of partial withdrawal. The guaranteed surrender value will be 25% of the fund value after completion of the one policy years. With LifeStage RP, you have the option to choose from two unique portfolio strategies. These are: 1. Lifecycle based portfolio strategy 2. Fixed portfolio strategy
Bajaj Allianz New Family Gain II

Pay Top-Up premium anytime during the tenure of
your policy to enhance your savings. Unlimited free switches every year. Partial withdrawals anytime after three years from the commencement of policy, provided three full years premiums are paid. Settlement Option: facilitates you to receive your maturity proceeds in equal instalments spread over a maximum period of 5 years.

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PRESENTATION ON ULIPS

BY: SAHIL ARORA 04721201810 BBA(B&I) 5TH SEM. 2ND SHIFT

TATA AIA InvestAssure II

Waiver of premium Rider.

MET SMART PLUS

suit your risk/return profile.

meet your financial requirements.

Minimum Entry: Maximum Entry:

HDFC Standard Life Crest

Minimum Entry: Maximum Entry:

Unit Gain Plus Gold

ING High Life

Maximum Entry Age

Life Time Gold

Reliance Super Market Return Term 10 Plan

ICICI Pru LifeStage RP

Bajaj Allianz New Family Gain II

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