Their are Three aspects in Wealth Management.. 1) Investment Planning 2) Insurance Planning 3) Estate Planning In this E Book we talk about insurance planning and how to can protect our wealth... Both Mediclaim & Term Plan is covered in this PPT... Enjoy Reading :-)

2.  Risks and uncertainties are part of life’s great adventure-
accident, illness, natural disaster- they’re all built into the
working of the Universe, waiting to happen.
 Insurance is then the answer to man’s vagaries of life. If
you cannot beat man made and natural calamities well, at
least be prepared for them and their aftermath.
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3. PROCESS OF ANALYSING RISK
 Identification of Risks
 Assessing risk
 Manage and Control risks
 Risk Avoidance
 Risk Retention
 Risk Reduction
 Risk Transfer
 Monitor & Review
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4. MYTH BUSTERS
Myth 1: Insurance is for tax saving
Myth 2: Insurance is Investment
Myth 3: I don’t need Insurance
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5. 5
TYPES OF LIFE INSURANCE
POLICIES
 Term Insurance Policy
 Whole life policy
 Endowment Policy
 Money Back Policy
 Unit Linked Policy
 Annuities & Pension Plan
 Riders

6. 
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ICICI I- PROTECT- TERM PLAN
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ITS UPTO YOU TO DECIDE!!!!!!!

7. Term Insurance Plan
Offer your family 360° protection against Death, Disability &
Disease. A plan that provides Life cover + 34 Critical Illnesses
cover + Higher Accident cover and much more + No increase
in premium as you grow older
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8. 8
TERM INSURANCE POLICY
 Provides cover for specific period only
 Premium is very low
 No returns/refund of premium
 No investment element
 100% risk cover
 Sum assured paid on death
 Best policy for adequate cover
 Buy based on life insurance need analysis

9. 6 REASONS TO BUY A TERM INSURANCE
PLAN
High Life Insurance
amount
Term insurance plans
provide a high life
insurance amount. For
example, if your annual
income is 10 lakh,
then you can take a Life
Cover of up to 1 crore.
Affordable Premiums
With Term Insurance
plans, a large amount of
Life Cover comes at a
small premium. For
instance, you can get a
Life Cover of 1 crore at
a premium of just 17
per day
Tax Benefits
Tax benefits on
premiums paid up to 1.5
lakh under Section 80C.
New-age Term plans
with critical illness cover
also offer additional tax
benefits on premiums
paid up to 25,000
under Section 80D. You
also get tax benefits**
under Section 10(10D)
on the money that your
family receives in case
of an unfortunate event.
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10. Cover Against Critical
Illnesses:
Besides protecting your
family in your absence,
new-age Term
Insurance plans like
iProtect Smart also
provide cover against
critical illnesses. By
paying a small amount
of additional premium,
you can get a lump sum
pay-out on first
diagnosis of a critical
illness like heart attack,
cancer, kidney failure,
etc.
Support In Case Of
Disability:
In new-age Term
Insurance plans such as
iProtect Smart, the
insurance company
pays your future
premiums in case of
total and permanent
disability*. This ensures
that the protection of
the Life Cover
continues, even when
you are unable to pay
the premiums
Double Security:
To increase the security
of your family, a Term
Insurance Plan provides
double pay-out (up to 2
crore) in case of an
accidental death. For
example, if your Life
Cover is 1 crore, a Term
Insurance plan with
Accident Cover pays 2
crore to your family in
case of an accidental
death
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6 REASONS TO BUY A TERM INSURANCE
PLAN

11. How much Life Cover do I need?
Age In Years
Income Multiple
18-35 25 times of your annual income
36-45 20 times of your annual income
46-50 15 times of your annual income
51-60 10 times of your annual income
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12. How much does it cost?
Age of
Buyer
25 years 30 years 35 years 40 years
Tenure of
Cover 40 years 40years 40 years 35 years
Annual
premium ₹9,906 ₹14,002 ₹19,721 ₹25,104
Monthly
premium ₹826 ₹1,167 ₹1,644 ₹2,092
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13. ENDOWMENT POLICY
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 Most popular insurance policy
 Combines investment + risk cover
 Sum assured paid on death or survival at maturity
 Bonus paid along with sum assured on maturity
 Premiums are higher than term plan due to savings
component
 Very high Commission (upto 40%)
 Not flexible
 Expected return: 4-6%

14. MONEY BACK POLICY
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 Covers death & survival benefits
 Lump sum paid periodically
20% + 20% + 20% + 40% of SA at predefined intervals
 Full sum assured paid on death
 Popular for planning Children’s Education & Marriage
 Very high commission (upto 40%)
 Expected return : 4-6%

15. UNIT LINKED INSURANCE PLANS
(ULIPs)
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 Market linked investment where the premium paid is invested in
funds
 Different options- Equity, Balanced, Debt, Switch facility available
 Greater flexibility in policy structure
 Sold as “Investment” Plans
 Higher of the SA or Fund value is paid at death/maturity
 High liquidity
 High mis-selling as earlier commission was very high
 Recent SEBI-IRDA spat and subsequent IRDA clampdown on
ULIPS

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10 COMMANDMENTS OF LIFE
INSURANCE
 Thou shall buy insurance only for risk cover
 Thou shall not consider insurance as an investment option
 Thou shall preferably buy only a term policy
 Thou shall not trust his agent blindly
 Thou shall be wary of the hype(advertisements)
 Thou shall not buy ULIP at any cost
 Thou shall not insure yourself if you a lone bird
 Thou shall not insure if you are wealthy
 Thou shall not buy a child insurance plan or a plan for a non earning
member
 Thou shall read the fine print careful

17. Health insurance policies help you
with your hospital and medical
expenses as well as treatment in
case of hospitalization.
HEALTH
INSURANCE
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18. HEALTH INSURANCE-WHY????
●Rising Medical cost
●Uncertain hospital bills
●Expensive/quality health care services
●Family health insurance at a lesser premium
●Tax benefits u/s 80D- INR 25,000.
●Changing lifestyle—Most Important reason
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19. FAMILY FLOATER-
●All Family members under an umbrella cover
●Every family member gets benefits under a larger common pool
(includes new born baby)
●Parents insurance- cheaper than senior citizen health plan
●Income tax benefits under section 80D
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20. IS THIS THE TREND??
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Mr. Raghu Pillai,
CEO, Future Group
Age-54 years, Heart attack
Mr. Ranjan Das,
CEO, SAP India
Age- 42 years, Cardiac Arrest
SOME REASONS: Excessive Travelling, Peer Pressure, Easy Lifestyle

21. BENEFITS OF HEALTH INSURANCE
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 Cashless treatment @ 4,500+ network hospitals
 Worldwide emergency cover
 Free access to services with wellness partners
 Upto Rs. 2,000 for Health Maintenance expenses
 Single private room for everyone

22. SENIOR CITIZENS RED CARPET
HEALTH INSURANCE POLICY
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 For Senior citizens aged between 60 to 75 years.
 No pre-insurance medical test required.
 Covers pre-existing diseases from the second year
onwards.
 Medical Consultations as an Out Patient in a Network
Hospital.
 Higher Sum Insured coverage upto Rs.10 Lakhs.
 Guaranteed lifetime renewals.

23. THANK YOU
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