Reliance Super Invest Assure Plan V1s


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Reliance Super Invest Assure Plan V1s

  1. 1. Reliance Super InvestAssure Plan June 3 rd , 2008 Get More Than You Can Ask For!
  2. 2. I have earned money with much efforts Savings will help me protect my money I have my own financial needs With money protection I also need life protection I should have options as per my risk capacity Currently which are good investment avenues? Will these investments reap required returns and safeguard my money
  3. 3. How do I fulfill my needs? I want a Complete Plan addressing my needs Financial Planning Security Flexibility Investment Return
  4. 4. Reliance Life Insurance Presents An Opportunity For each one of us To get what we want…… The Road to prosperity starts here ! Reliance Super InvestAssure Plan
  5. 5. Wide Investment Options with over 7 funds Liquidity through Partial Withdrawals Protection with Life Cover, additional protection with Accident & Health Riders Rewards in form of Guaranteed Additions of upto 250% of annual premium amount Tax saving u/s 80 C, 80D & 10 (10D) Unmatched flexibility on your investments RELIANCE SUPER INVESTASSURE PLAN
  6. 6. Loyalty Additions….makes you Earn More !!!! <ul><li>50% of First Year’s basic premium added to the Fund Value on 10th policy anniversary </li></ul><ul><li>And.. </li></ul><ul><li>Every 5th policy anniversary thereafter as long as the policy is in force </li></ul>Earn up to 250 % of First Year Basic Premium as Loyalty Additions during the policy term
  7. 7. Build Your Own Portfolio – Choice of 8 Funds <ul><li>Flexibility to choose from the wide Fund Options like : </li></ul><ul><ul><li>Equity Fund </li></ul></ul><ul><ul><li>Corporate Bond Fund </li></ul></ul><ul><ul><li>Money Market Fund </li></ul></ul><ul><ul><li>Gilt Fund </li></ul></ul><ul><ul><li>Infrastructure Fund </li></ul></ul><ul><ul><li>Energy Fund </li></ul></ul><ul><ul><li>Mid Cap Fund </li></ul></ul><ul><ul><li>Pure Equity Fund </li></ul></ul>New New New Choose your own MIX !!!!! New
  8. 8. <ul><li>Systematic Transfer Plan – Minimize risk due to market volatility </li></ul><ul><ul><li>A procedural shift from a low risk investment in to equities </li></ul></ul><ul><ul><li>The initial amount is invested in the Gilt fund </li></ul></ul><ul><ul><li>25% of units transferred to equity fund every week for equivalent fund value </li></ul></ul><ul><ul><li>In effect Cost per unit is averaged out. </li></ul></ul><ul><li>Top-Up your investment </li></ul><ul><ul><li>Top-ups allowed only if all the due regular premiums till date are paid </li></ul></ul><ul><ul><li>Maximum top-up allowed is 25% of the total regular premiums paid till date </li></ul></ul><ul><ul><li>Minimum Top up can be Rs 2500/- </li></ul></ul><ul><li>52 free switches in a year </li></ul><ul><ul><li>Alter your fund mix as per your requirements </li></ul></ul><ul><li>Settlement Option </li></ul><ul><ul><li>Maturity proceeds can be withdrawn in periodic installments within </li></ul></ul><ul><ul><li>the last 5 years of the policy </li></ul></ul><ul><li>Premium Redirection </li></ul><ul><ul><li>Alter fund allocation of future premiums </li></ul></ul><ul><ul><li>Redirection will not affect premiums allocated prior to the </li></ul></ul><ul><ul><li>request </li></ul></ul><ul><ul><li>Available free of cost </li></ul></ul>Unmatched Flexibility To Manage Your Funds
  9. 9. Total Protection <ul><li>Life Cover Upto 20 times the Annual Premium depending on age </li></ul><ul><li>Option to choose any of the 4 following Riders – </li></ul><ul><ul><li>Reliance Critical Conditions (25) Rider </li></ul></ul><ul><ul><li>Reliance Major Surgical Benefit Rider </li></ul></ul><ul><ul><li>Reliance Term Life Insurance Benefit Rider . </li></ul></ul><ul><ul><li>Reliance Accidental Death and Total & Permanent Disablement Rider </li></ul></ul>Any or all of the 4 riders can be chosen subject to the sum of rider premiums not exceeding 30% of the premiums paid under Basic Plan.
  10. 10. Liquidity….whenever you want it the most… <ul><li>It is possible to make a full or a partial surrender of the plan before the maturity date. </li></ul><ul><li>Surrender Value is acquired immediately on payment of the First premium. However, it is payable only after completion of three policy anniversaries </li></ul><ul><li>Partial Withdrawals </li></ul><ul><ul><li>Are allowed anytime after 3 policy years or attainment of age 18 whichever is later. </li></ul></ul><ul><ul><li>Policy continues to remain in force </li></ul></ul><ul><ul><li>Withdrawal charges are equal to surrender charges </li></ul></ul><ul><li>Total Withdrawals i.e. Surrender </li></ul><ul><ul><li>Allowed anytime after 3 years </li></ul></ul><ul><ul><li>Policy ceases after surrender </li></ul></ul>
  11. 11. Tax Benefits <ul><li>As per Income Tax Act, 1961premiums are eligible for tax deduction as under, </li></ul><ul><ul><li>Premiums paid in respect of basic policy – u/s 80 C of the Act. </li></ul></ul><ul><ul><li>Premium paid under Reliance Term Life Rider – u/s 80C of the Act </li></ul></ul><ul><ul><li>Premium paid under the Reliance Accident Benefit Rider – u/s 80 C of the Act </li></ul></ul><ul><ul><li>Premium paid under Reliance Major Surgical Benefit Rider and Reliance Critical Conditions (25) Riders – u/s 80D of the Act. </li></ul></ul><ul><li>The benefits under this plan and riders are tax exempt u/s 10 (10D) of the Act. </li></ul><ul><li>Partial or Total Withdrawal under the plan is exempt u/s 10 10(D) of the Act. </li></ul>
  12. 12. Guaranteed Additions <ul><li>Guaranteed Additions </li></ul><ul><ul><li>10 th Year 50% </li></ul></ul><ul><ul><li>15 th Year 50% </li></ul></ul><ul><ul><li>20 th Year 50% </li></ul></ul><ul><ul><li>25 th Year 50% </li></ul></ul><ul><ul><li>30 th Year 50% </li></ul></ul>
  13. 13. Fund Management Charge Service Tax charge or any other charges, as may be levied by Governmental authorities, on Fund Management Services or any other services, as may be applicable, shall be recovered from the policyholder. 1.30% Fund C –Pure Debt fund 1.50% Pure Equity Fund 1.50% Midcap Fund 1.50% Energy Fund 1.50% Infrastructure Fund 1.25% Gilt Fund 1.25% Money Market Fund 1.25% Corporate Debt Fund 1.50% Equity Fund Annual Rate Fund Name
  14. 14. Choosing the Sum Assured <ul><li>Minimum Sum Assured </li></ul><ul><ul><li>5 times of the Annualized Premium </li></ul></ul><ul><li>Maximum Sum Assured </li></ul><ul><ul><li>As per the Table </li></ul></ul>5 times of Annualized Premium 51 to 60 10 times of Annualized Premium 46 to 50 15 times of Annualized Premium 41 to 45 20 times of Annualized Premium 0 to 40 Maximum Sum Assured Age at entry (last birthday)
  15. 15. Product Limits 30 years 15 years Policy Term 75 years 15 years Age at Maturity 60 years 30 days Age at Entry Maximum Minimum Basic Plan
  16. 16. Premium Modes & Limits No Limit (Subject to Max 25% of Total Premium Paid) Rs. 2,500/- Top Up Rs. 500/- Monthly Rs. 1,250/- Quarterly Rs. 2,500/- Half Yearly Rs. 5,000/- Yearly No Limit Maximum Minimum Mode
  17. 17. Non Medical Limits <ul><li>Age Limit with standard Limit with non </li></ul><ul><li>(years) age proofs standard age proofs </li></ul><ul><li>0-18 1,000,000 1, 000,000 </li></ul><ul><li>18-35 1,500,000 1,000,000 </li></ul><ul><li>36-45 1,000,000 600,000 </li></ul><ul><li>46-50 500,000 200,000 </li></ul><ul><li>51 & above 100,000 100,000 </li></ul>
  18. 18. Agenda <ul><li>Consumer Speak </li></ul><ul><li>Introducing Reliance Super Invest Assure </li></ul><ul><li>Plan Details </li></ul><ul><li>Plan Summary </li></ul>
  19. 19. Benefit Summary <ul><li>Regular Premium Unit Linked Insurance Plan </li></ul><ul><li>Guaranteed Addition’s – up to 250% of annual premium in addition to earnings growth (10 th year 50% - 15th year – 50%, 20 th year 50%, 25th year 50% and 30th year 50%) </li></ul><ul><li>Wide array of 8 fund options including 3 Sectoral Funds and a Pure Equity Fund </li></ul><ul><li>Liquidity through partial withdrawals </li></ul><ul><li>Life Cover upto 20 times Annual Premium Depending on Age </li></ul><ul><li>Unparalleled investment flexibility through Free Switches, Top-ups, Systematic Transfer, Premium Redirection and Exchange </li></ul><ul><li>Additional Protection with Riders (Reliance Term Life, Reliance Accidental Death & Total & Permanent Disablement, Reliance Critical Conditions (25) & Reliance Major Surgical Riders) </li></ul>
  20. 20. Happy Selling Strictly for internal Circulation only