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    Aip PPT

    Uploaded by

    Solai Rajan

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    © All Rights Reserved
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    Aip PPT

    Uploaded by

    Solai Rajan
    12 views12 pages

    Original Title

    AIP_PPT (1)

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    © © All Rights Reserved

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    12 views12 pages

    Aip PPT

    Uploaded by

    Solai Rajan

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 12

    Welcome to

    “Assured Income Plan”


    Assured Income Plan
    Product Overview
    Eligibility Criteria Non - POS POS and CPSC-SPV
    Minimum: 30 days,
    Age at Entry
    Maximum: 55 years (Age last birthday)
    Minimum: 8 years (Age last birthday) Minimum: 8 years (Age last birthday)
    Maturity Age
    Maximum: 70 years (Age last birthday) Maximum: 65 years (Age last birthday
    Policy Term 8/10/12/15 years
    Premium Paying Term Same as Policy Term
    Benefit Payout Period Equal to Policy Term
    Premium Mode Yearly, Half-Yearly, Quarterly, Monthly
    Minimum: Rs. 15,000
    Minimum: Rs. 15,000
    Maximum: Rs. 2,97,619 (subject to Board
    Annualized Premium Maximum: No limit, subject to Board
    approved underwriting policy and maximum
    approved underwriting Policy
    Death Sum Assured of Rs. 25,00,000)

    Minimum: Rs. 1,20,000


    Basic Sum Assured Minimum: Rs. 1,20,000
    Maximum: Rs. 23,80,952 (subject to Board approved
    (Policy Term X Annualized Maximum: No limit, subject to Board approved
    underwriting policy and maximum
    Premium) underwriting Policy
    Death Sum Assured of Rs. 25,00,000)
    Yearly Half-Yearly Quarterly Monthly
    Premium Payment Mode
    1 0.51 0.26 0.09
    Shriram Life Assured Income Plan
    Let us understand with an example.
    Ram is a 30 year old business man saves money with Shriram Life
    Assured Income Plan. This plan will provide a stream of income which
    is assured even in his absence. He opts for 15 years Premium Payment
    Term and pays an Annual Premium of Rs. 50,000 + taxes
    The following illustrations explain the 2 possible scenarios that can occur provided the policy is
    inforce
    1) If Ram survives till the end of the Policy Term (Maturity)

    If Ram survives till the end of the Policy Term he will get an Assured Income of Rs. 1,04,500 per
    annum for the next 15 years after Policy Term. The total benefits he will receive over these 15
    years will be Rs. 15,67,500. In case of his death anytime during the Policy Term, the nominee(s)/
    beneficiary(ies) will get the Death Benefit* and the policy terminates.
    2) If Ram dies during 36th Month after commencement of policy (Death during the Policy Term)

    If Ram dies during 36th month, the nominee(s)/beneficiary(ies) will receive Rs. 1,04,500 per
    annum for the next 15 years as Death Benefit* and the policy terminates. The total benefits
    his nominee(s)/beneficiary(ies) will receive over these 15 years will be Rs. 15,67,500.
    Sample Illustration
    Table 1 : Assured Annual Income % payable on Table 2 : Lump Sum Payout % payable on Death / Maturity
    Death / Maturity (as a % of Annualized Premium) (as a % of Basic Sum Assured)
    <Age>
    Annualized Premium < 40,000 Annualized Premium >= 40,000 Annualized Premium < 40,000 Annualized Premium >= 40,000
    8 10 12 15 8 10 12 15 8 10 12 15 8 10 12 15
    Policy Term
    133.5% 151.0% 173.0% 209.0% 136.5% 154.5% 177.0% 214.0% 0 110.0% 118.0% 128.5% 144.0% 112.5% 120.5% 131.5% 147.50%
    133.5% 151.0% 173.5% 209.5% 136.5% 154.5% 177.5% 214.5% 1 110.5% 118.5% 129.0% 144.5% 112.5% 121.0% 132.0% 147.50%
    134.0% 151.5% 174.0% 210.0% 137.0% 155.0% 178.0% 215.0% 2 110.5% 118.5% 129.5% 145.0% 112.5% 121.0% 132.0% 148.00%
    134.0% 151.5% 174.0% 210.0% 137.0% 155.5% 178.0% 215.5% 3 110.5% 118.5% 129.5% 145.0% 113.0% 121.0% 132.5% 148.00%
    134.0% 152.0% 174.0% 210.0% 137.0% 155.5% 178.0% 215.5% 4 110.5% 118.5% 129.5% 145.0% 113.0% 121.0% 132.5% 148.00%
    134.0% 151.5% 174.0% 210.0% 137.0% 155.5% 178.0% 215.0% 5 110.5% 118.5% 129.5% 145.0% 113.0% 121.0% 132.5% 148.00%
    134.0% 151.5% 174.0% 210.0% 137.0% 155.0% 178.0% 215.0% 6 110.5% 118.5% 129.5% 145.0% 113.0% 121.0% 132.5% 148.00%
    134.0% 151.5% 174.0% 209.5% 137.0% 155.0% 178.0% 214.5% 7 110.5% 118.5% 129.0% 144.5% 113.0% 121.0% 132.0% 148.00%
    134.0% 151.5% 173.5% 209.0% 137.0% 155.0% 177.5% 214.5% 8 110.5% 118.5% 129.0% 144.5% 112.5% 121.0% 132.0% 147.50%
    134.0% 151.5% 173.5% 209.0% 137.0% 155.0% 177.5% 214.0% 9 110.5% 118.5% 129.0% 144.0% 112.5% 121.0% 132.0% 147.50%
    134.0% 151.0% 173.5% 208.5% 137.0% 154.5% 177.5% 213.5% 10 110.5% 118.5% 129.0% 144.0% 112.5% 121.0% 131.5% 147.00%
    133.5% 151.0% 173.0% 208.0% 136.5% 154.5% 177.0% 213.0% 11 110.5% 118.0% 128.5% 143.5% 112.5% 120.5% 131.5% 147.00%
    133.5% 151.0% 173.0% 208.0% 136.5% 154.5% 177.0% 213.0% 12 110.0% 118.0% 128.5% 143.5% 112.5% 120.5% 131.5% 146.50%
    133.5% 151.0% 172.5% 207.5% 136.5% 154.5% 176.5% 212.5% 13 110.0% 118.0% 128.5% 143.5% 112.5% 120.5% 131.5% 146.50%
    133.5% 150.5% 172.5% 207.5% 136.5% 154.0% 176.5% 212.5% 14 110.0% 118.0% 128.0% 143.0% 112.5% 120.5% 131.0% 146.50%
    FD rate falling every year

    Instrument Old rates New rates


    Saving Deposits 4.0% 3.5%
    1 year 5.5% 4.4%
    2 year 5.5% 5.0%
    3 year 5.5% 5.1%
    5 year 6.7% 5.8%
    FD vs Insurance

    S no FD Assured Income Plan


    1 Only 80 C is applicable in 5 years FD 80 C & 10(10D) both are applicable

    2 No protection insurance inbuilt

    3 Rate of returns fluctuate Fixed rate of return in Assured Income

    4 No option of regular income Family gets regular income


    VLE’s Commission Rates…

    SHRIRAM LIFE INSURANCE COMPANY LIMITED

    VLE's Commission Rates - INDIVIDUAL POS PLANS

    Year

    S. No. Plan Category UIN Premium Paying


    Term 11 &
    1 2 3 4 5 6 7 8 9 10 above

    8 years 24%
    Shriram Assured Income
    1 Non PAR 128N053V04 7.50% 5%
    Plan
    10 years & above 30%
    Happy Selling

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