Life Insurance - ULIPs
Insurance  is pooling of risks.   In a contract of insurance, the insurer undertakes, in consideration of a sum of money (...
Life Insurance Polices Digital Commerce Annuities Policy Whole Life  Policy Endowment  Policy Types of Life Insurance Poli...
What is ULIP ? A category of financial solutions that combine the  safety of insurance protection  with  wealth creation o...
Why ULIP is so attractive?
Investment Option For Your Money FUND TYPE  ASSET MIX  POTENTIAL RISK /REWARD Maximiser Balancer Protector Equity& Related...
Associated Charges/Costs
What is NAV ? <ul><li>NAV </li></ul><ul><li>Net Asset Value is value of assets held by the insurance co after deducting va...
<ul><ul><li>IRDA is the regulatory authority for insurance industry in India </li></ul></ul><ul><ul><li>The IRDA deals wit...
NEW GUIDELINES FOR ULIP BY IRDA as on 31.05.201 <ul><li>Lock in period has been increased from 3 years to 5 years thereby ...
Key Players in the Insurance Industry
Best Selling ULIP PLANS
Investment Ulip Plans <ul><li>ULIPs are the right insurance solutions for a strong wealth creation allied to a core insura...
ICICI PRU PINNACLE SUPER
HDFC SL CREST
LIC ENDOWMENT PLUS
MAX NEW YORK FAST TRACK PLAN
 
Child Plans <ul><li>Today there are  ULIPs  that offer money at key milestones of your  child's </li></ul><ul><li>educatio...
ICICI PRU SmartKid Premier
HDFC SL YOUNGSTAR SUPER II
MAX NEW YORK SHIKSHA PLUS II
 
Retirement ULIP PLANS <ul><li>Pension plans  from insurance companies ensure that regular, disciplined savings in </li></u...
ICICI Pru LifeLink Pension SP
HDFC SL PENSION MAXIMUS
LIC PENSION PLUS
 
Conclusion
 
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Life insurance uli ps final

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  • Digital disintermediation leads to cost savings for the supplier, the benefits of which can be passed on to the customer =&gt; Digital Price Discovery 48% of all payments by value in India are electronic, which will rise to 70% by 2015.In the case of consumer-to-business transactions, the share currently is 3%, which will rise to 15% by 2015. As per Mckinsey India Payments 2009, Mobile payments in India will rise at a CAGR of 51.1% to 1.1 billion USD by 2015 Source for data on growth of internet and mobile payments: Mckinsey India Payments, 2009 Source for data on Reduction in transaction costs due to digital infomediary: Santa Rosa University(USA) Chapter notes 2007 - www.santarosa.edu/~ssarkar/cs66sp07/ch4notes.htm
  • Life insurance uli ps final

    1. 1. Life Insurance - ULIPs
    2. 2. Insurance is pooling of risks. In a contract of insurance, the insurer undertakes, in consideration of a sum of money (premium), to make good the loss suffered by the insured against a specified risks such as fire and any other similar contingency of compensate the insured on the happening of a specified event such as accident or death. The business of insurance is related to the protection of the economic values of assets. Insurance INSURE
    3. 3. Life Insurance Polices Digital Commerce Annuities Policy Whole Life Policy Endowment Policy Types of Life Insurance Policies . Term Policy Term Policy and whole life insurance policies focus on risk-coverage Endowment policy and annuities insurance policies focus on investments ULIPs focus on both risk-coverage and the investments ULIP
    4. 4. What is ULIP ? A category of financial solutions that combine the safety of insurance protection with wealth creation opportunities U: Unit L : Linked I : Insurance P : Plan Premium for ULIP Investment as Unit Life Coverage
    5. 5. Why ULIP is so attractive?
    6. 6. Investment Option For Your Money FUND TYPE ASSET MIX POTENTIAL RISK /REWARD Maximiser Balancer Protector Equity& Related securities: Max 100% Debt, Money market & Cash: Max 25% Debt. Money market & Cash: Min 60% Equity & Related securities: Max: 40% Debt Instruments, Money market & Cash: Max 100% High Moderate Low
    7. 7. Associated Charges/Costs
    8. 8. What is NAV ? <ul><li>NAV </li></ul><ul><li>Net Asset Value is value of assets held by the insurance co after deducting various charges and it is computed daily based on closing price of securities. </li></ul><ul><li>HOW IS UNIT VALUE CALCULATED? </li></ul><ul><li>A = Market /Fair Value of the relevant Plans Investment Plus Current Assets </li></ul><ul><li>Less Current Liabilities and Provisions. </li></ul><ul><li>B = Number of Units outstanding under the relevant Plan </li></ul><ul><li>NAV = A/ B </li></ul><ul><li>FOR EXAMPLE: </li></ul><ul><li>Let's assume at the close of trading yesterday that a particular  mutual fund  held Rs.10,500 worth of securities, Rs.2,000 of cash, and Rs.5000 of liabilities. If the fund had 1,000 shares outstanding, then yesterday's NAV would be: </li></ul><ul><li>NAV = (10,500+ 2,000 - 5000) / 1,000 = Rs.7.5 </li></ul>
    9. 9. <ul><ul><li>IRDA is the regulatory authority for insurance industry in India </li></ul></ul><ul><ul><li>The IRDA deals with discrepancies in the insurance sector. </li></ul></ul><ul><ul><li>It has been established to protect the interest of policyholders </li></ul></ul><ul><li>Regulations of IRDA: </li></ul><ul><ul><li>Rural/Social Sector Obligations </li></ul></ul><ul><ul><li>Insurance Advertisement </li></ul></ul><ul><ul><li>Licensing of Insurance Agents </li></ul></ul><ul><ul><li>General Insurance: Reinsurance </li></ul></ul><ul><ul><li>Life Insurance: Reinsurance </li></ul></ul><ul><ul><li>Investment Norms </li></ul></ul><ul><ul><li>Third Party Administrators </li></ul></ul><ul><ul><li>Protection of policyholders Interest </li></ul></ul><ul><ul><li>Micro-insurance </li></ul></ul>Insurance Regulatory and Development Authority (IRDA)      The insurance sector has opened up for private insurance companies with the enactment of IRDA Act, 1999. A large number of companies are competing under both life and general Insurance. The FDI cap/equity in this sector is 26% and the proposals have to be cleared by Insurance Regulatory and Development Authority (IRDA.)
    10. 10. NEW GUIDELINES FOR ULIP BY IRDA as on 31.05.201 <ul><li>Lock in period has been increased from 3 years to 5 years thereby making it long term financial instrument </li></ul><ul><li>Premium has gone up to 10 times of first year premium compared to 5 times </li></ul><ul><li>Expected commission and expense have been reduced by evenly distributing it through-out lock in period </li></ul><ul><li>ULIP pension or annuity will offer minimum guarantee return of 4.5 % </li></ul><ul><li>Standardization of surrender charges </li></ul>
    11. 11. Key Players in the Insurance Industry
    12. 12. Best Selling ULIP PLANS
    13. 13. Investment Ulip Plans <ul><li>ULIPs are the right insurance solutions for a strong wealth creation allied to a core insurance benefit. As is the case with mutual funds, investors in ULIPs are allotted units by the insurance company and a net asset value (NAV) is declared for the same on a daily basis. </li></ul>Some of the Best Selling ULIP Investment Plans from Major Competitors are :
    14. 14. ICICI PRU PINNACLE SUPER
    15. 15. HDFC SL CREST
    16. 16. LIC ENDOWMENT PLUS
    17. 17. MAX NEW YORK FAST TRACK PLAN
    18. 19. Child Plans <ul><li>Today there are  ULIPs  that offer money at key milestones of your  child's </li></ul><ul><li>education  thus ensuring that your child’s education continues unhampered </li></ul><ul><li>even if something unfortunate happens to you. While, the death of a parent is </li></ul><ul><li>an irreparable emotional loss,  child education plans  safeguard the child </li></ul><ul><li>against the financial ramifications of the death of a parent. </li></ul>Some of the Best Selling ULIP Child Plans from Major Competitors are :
    19. 20. ICICI PRU SmartKid Premier
    20. 21. HDFC SL YOUNGSTAR SUPER II
    21. 22. MAX NEW YORK SHIKSHA PLUS II
    22. 24. Retirement ULIP PLANS <ul><li>Pension plans  from insurance companies ensure that regular, disciplined savings in </li></ul><ul><li>such plans can accumulate over a period of time to provide a steady income post </li></ul><ul><li>retirement. Usually all retirement plans have two distinctive phases </li></ul><ul><li>The accumulation phase when you are saving and investing during your earning years to build up a retirement corpus and </li></ul><ul><li>The withdrawal phase when you actually reap the benefits of your investment as your annuity payouts begin </li></ul>Some of the Best Selling ULIP Investment Plans from Major Competitors are :
    23. 25. ICICI Pru LifeLink Pension SP
    24. 26. HDFC SL PENSION MAXIMUS
    25. 27. LIC PENSION PLUS
    26. 29. Conclusion

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