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Jeevan vriddhi 808 plan  by.p.t
 

Jeevan vriddhi 808 plan by.p.t

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    Jeevan vriddhi 808 plan  by.p.t Jeevan vriddhi 808 plan by.p.t Presentation Transcript

    • PRESENTED BY:-P.T.PATIL DOLIC HUBLI III Training Materials for Agents & Not for Private CirculationPLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIGuaranteed Maturity Insurance Plan CLOSE ENDED PLAN FOR LIMITED PERIOD ONLYPLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHI GET MORE WITH LESS INVESTMENTPLAN TODAY FOR BETTER TOMORROW
    • ON MATURITYSUM ASSURED +GUARANTEED ADDITION LOYALITY ADDDITION On death, Basic Sum Assured shall be PayableDeath Benefit:- Basic Sum Assured shall be 5 times the Single Premium excluding extra premium
    • INSIDE STORY OF JEEVAN VRIDDHI SINGLE PREMIUM IS NOTHING BUT AN Attractive Guaranteed Discount Over Yearly Premium PaymentPLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIRight PlanBest plan for a short-term Life Insurancewith Guaranteed returns.Right TimeWith financial year closing, no better time to invest.Right TermShort term plan, liquidity available any time.Right ReturnA return of 12% without any headache + Tax Freereturn.Right InsuranceCan be taken for all Individual in a familyRight IdeaFixed deposit + Life InsurancePLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHI BALANCING IS AN ART OF LIFELIC JEEVAN VRIDDHI is a SINGLE PREMIUMwith No upper limit Life Insurance plan withGuaranteed Maturity Sum Assured and LoyaltyAddition (if any)Though it is mentioned “if any” for LoyaltyAddition, but LIC India has been providing toalmost all Insurance plans.PLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIIf you think of below mention,It is advisable to invest in Jeevan Vriddhi•Building corpus for your child education•Plan marriage for your Children•Got Cash, with no/safe Investment ideas•Looking for a HIGH interest rate around 12%•Looking for TAX FREE money on Maturity•Secure your Family life & Retirement life•Do Not want to RISK with ULIP Plans•IT rebate available u/s 80c & 10(10)(d).PLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIYou receive as below on investing yourmoney into this plan as below:Maturity Benefit: On maturity, theGuaranteed Maturity Sum Assured alongwith Loyalty Addition, if any, shall bepayableDeath benefit: On death, Basic SumAssured shall be payable. The Basic SumAssured shall be 5 times the SinglePremium excluding extra premium, if any.Loyalty Addition: Depending upon theCorporation’s experience the policy will beeligible for Loyalty Addition on date ofmaturity at such rate and on such termsas may be declared by the Corporation.PLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHILoan :- Facility is available under this plan, aftercompletion of one policy year (approx 63% ofpremium paid).Surrender Value:The policy can be surrendered for cash after thepolicy has run for at least one year. The minimumGuaranteed Surrender Value allowable is equal to90% of the Single premium paid excluding extrapremium, if any.Corporation may however pay Special Surrendervalue as applicable on the date of surrenderprovided the same is higher than theGuaranteed Surrender Value.The Special Surrender Value will be thediscounted value of the Guaranteed Maturity SumAssured as on date of surrender.Back Dating is AllowedPLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIGuaranteed Maturity Sum Assured or each Age at entry perRs.1000 Single Premium (exclusive of Service Tax )as underPLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIWho can take the Policy Condition Description Age at entry 8 years to 50 years Policy Term 10 years Premium Mode Single Premium Minimum- Rs.30,000/- ( in multiples of 1000) Sum Assured Min -150,000/- Max- No upper limit. Others Service Tax @ 1.545 % on Premium.(Only age at entry i.e 8 years in on lbd basis, allother ages will be as per age nbd only)PLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHI Incentive For Higher PremiumPLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIUnderwriting Rules: Non Medical Schemes NMG, NMS and NMG (Professional) Age Std Age NSAP-II Proof and and NSAP-I NSAP-III 18 to 35 5,00,000 1,00,000 36 to 45 4,00,000 75,000 46 to 50 3,00,000 50,000PLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIUnderwriting Rules: AGES MAX. Single MAX. SA SUC Premium ALLOWED ALLOWED8 & 9 Yrs 6.25 Lacs 31.25 Lacs 25.00 Lacs10-17 yrs 2 Lacs 10 Lacs 8 Lacs8-17 yrs 12.49 Lacs 62.45 Lacs 49.96 Lacs ( with Juvenile FMR)18-35 yrs 3.75 Lacs 18.75 Lacs 15 Lacs36-45 yrs 2.50 Lacs 12.50 Lacs 10 Lacs46-50 yrs 0.50 Lacs 2.5 Lacs 2 LacsApplicable to Minors, Male & Female Lives-Cat.I, II, & III.PLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHI Underwriting Rules: These are exclusive limits for single premium and not to be clubbed with regular premium plans. ASA under single premium plans taken during last one year only will be added for purpose of SUC. Non-Standard Age proof: All Allowed Female Lives : All Allowed Minor lives : Only standard lives with standard age proof only. Non-Medical for minors: Age 8 and 9 : 25 lakhs. Age 10 to 17 : 8 lakhs Sub Standard Lives: All allowedPLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHIUnderwriting Rules:Actual Sum Assured (ASA) for SUC:For Non-Medical, Medical, SpecialReports and Financial Underwriting:4 times of Single Premium Paidexcluding Extra Premium chargedand Service tax paid.Occupation Extra:7.2 times of applicable extra.NRI’s:Allowed to all Residence Groupsincluding Foreign Nationals of Indianorigin without charging any extra.PLAN TODAY FOR BETTER TOMORROW
    • INSIDE STORY OF JEEVAN VRIDDHI Underwriting Rules: Riders: Accident Benefit : Not Available Permanent Disability : Not Available Term Assurance Rider : Not Available Critical Illness Rider : Not Available Dating Back: Allowed @10% in excess of one month, without lean months benefit. Proposal Form : 300, 340 or 360PLAN TODAY FOR BETTER TOMORROW
    • Best Bank Fixed Deposit Rates – March 2012 Best Fixed Deposit Rates for Tenure of 5 Years Interest Rate Maturity Amount for Rs. Banks (%) 10,000 Tamilnad 10.00% 16,386 Mercantile BankSouth Indian Bank 9.60% 16,069 IDBI Bank 9.50% 15,991Punjab & Sind Bank 9.50% 15,991 State Bank of 9.50% 15,991 TravancorePLAN TODAY FOR BETTER TOMORROW
    • FIXED DEPOSITE EARNING Rs. 10 Lac in Bank FD @ 9.25% YR Principal Amt at yr end 1 1000,000 10,92,500 2 1095,000 11,93,556 3 1199,025 13,03,960 4 1312,932 14,24,577 5 1437,661 15,56,350 6 1574,239 17,00,312 7 1723,791 18,57,591 8 1887,552 20,29,418 9 2066,869 22,17,139 10 2217,139 24,22,224 TDS @ 30% 4,26,667 Net in hand 19,95,557 Actual IRR 7.48%PLAN TODAY FOR BETTER TOMORROW
    • JEEVAN VRIDDHI YIELD CALCULATORNAME OF PROPOSER xAGE OF PROPOSER 30PREMIUM(BASIC INVESTED AMOUNT) 100000.00TOTAL PREMIUM (INCL SERVICE TAX) 101545.00GURANTEED MATURITY SUM ASSURED 199985.00ADDITION LOYALITY ADDITION 24998.00TOTAL YIELD ON MATURITY 224983.00IRR(PRE TAX) 8.28%IRR(POST TAX -10% SLAB) 9.41%IRR(POST TAX -20% SLAB) 10.68%IRR(POST TAX -30% SLAB) 12.14%BANK FD YIELD(POST TAX - 10% SLAB) 228000.00BANK FD YIELD(POST TAX - 20% SLAB) 213778.00BANK FD YIELD(POST TAX - 30% SLAB) 199556.00BANK FD IRR(POST TAX -10% SLAB) 9.55%BANK FD IRR(POST TAX -20% SLAB) 10.12%BANK FD IRR(POST TAX-30% SLAB) 10.80% Free Risk cover of 5 TIMES OF BASE PREMIUM. On death- SUM ASSURED IS payable whereas in Bank FD only accumulated value paid with deduction of TDS Easy Liquidity – Loan/Surrender after 1 yr. Loan@ 10.25% as against >14% in the banks.PLAN TODAY FOR BETTER TOMORROW
    • JEEVAN VRIDDHI EARNING Rs. 10 Lac in Jeevan Vriddhi at age 25 YrsSum Assured 50,00,000Premium 10,15,450Tax Rebate @ 30% for 1 Lac 30,000Net outgo 9,85,450Guaranteed Maturity Benefit 20,09,479IRR on Gtd. Mty Sum Assured 7.39%Loyalty 2,51,185Total Returns 22,60,664IRR (compounding annually) 8.65%PLAN TODAY FOR BETTER TOMORROW
    • JEEVAN VRIDDHI EARNING IMPACT Apart from RETURN ON INVESTMENT the customer getsFree Risk Cover of 50,00,000.On Death- 50 Lacs Payable whereas in Bank FDaccumulated value paid with deduction of TDSEasy Liquidity – Loan/Surrender after 1 yr.Loan@ 10.25% as against >14% in the banks.Business takes loan from LIC or OD from bank.Claim it as expense u/s 37(1)PLAN TODAY FOR BETTER TOMORROW
    • JEEVAN VRIDDHI v/s NSC for 10 yrs atPlanning to Insure Your Business age 25 yrs- Amt invested-10 LacsRisk Cover (Sum Assured) 50,00,000Premium 10,15,450/-Tax rebate @ 30% 30,000/-Net Outgo 9,85,450/-Term Assurance Prem (as per 190–S P for term 10 yrs) 71,650/-Actual Investment 9,13,800/-Gtd Mty Sum Assurred 20,09,479/-IRR on Gtd Mty SA 8.20%Loyalty Addn. 2,51,185/-Total Proceeds 22,60,664/-IRR (compounding annually) 9.48%Amount invested in NSC 10,15,450/-Interest declared for current yr 8.75%Proceeds at the end of 10 yrs 23,49,369/-Tax on interest from NSC @ 30% of 13,33,919/- 4,00,176/- PLAN TODAY FOR BETTER TOMORROWNet Receivable 19,49,193/-IRR Compounding on Net Outgo - post tax 7.06%
    • START EARLY REACH EARLY RETURNS DEPENDS ON AGE AT THE TIME OF INVESTMENTPLAN TODAY FOR BETTER TOMORROW
    • Apart from Individual Assessment:-You can make the provision under MWP ACTYou can take the policy under HUFYou can make the provision under E&E INSURANCE YOUR ONE DECESION WILL CHANGE YOUR LIFEPLAN TODAY FOR BETTER TOMORROW
    • Planning to Insure Your Business The views mentioned above are of the author only. Data and charts, if used, in the article have beensourced from available information and has not beenauthenticated by any statutory authority. The authors do not claim it to be accurate nor accept any responsibility for the samePLAN TODAY FOR BETTER TOMORROW
    • PRESENTED BY:-P.T.PATIL DOLIC HUBLI III MOBILE NO:09448133179 E-Mail:-patil179@yahoo.co.inPLAN TODAY FOR BETTER TOMORROW
    • Sleep Better at Night WithRight Financial Planning