Anant P. Singh.
(M.D./ C.E.O. Infocare Web Technologies.)
Money Back Plan.
Whole Life Plan.
Term Insurance Plan.
Jeevan Mitra :- Double/Triple cover.
Jeevan Surabhi :- Variant of money back.
Jeevan Anand :- Hybrid of Endowment
and whole life.
Jeevan Rekha :- Hybrid of whole life and
Jeevan Shree :- Variant of limited
Premium rates are defined per 1000
Sum Assured .
One has to decided on sum and term /
premium term. Accordingly the premium
for his Age is calculated.
The contact is for a predetermined period
with survival benefit (if any) defined on
specific dates.(e.g. 75/20,14/25 etc. )
In most typical plans, Revisionary
Bonuses / GA and FAB /LA are added to
the policy and provided along with sum
assured on maturity.
Surrendering early means losing
money. But then that in the only way to
liquidate cash, otherwise raise loan
against your policy.
New trend in Insurance selling.
Premium is used for risk cover and
investment in mutual fund unit’s.
Growth comes though growth’s through
NAV’s quite Dynamic in nature.
if market are down NAV’s can also have
negative growth. Hence risk of losing money
To effectively grow the money policy
holder must closely watch the trends of
the Market and keep switching between
Not many people have expertise or the
Inclination to monitor their investment
at frequent intervals.
Instead of starting with Sum Assured you
start by deciding how much Premium you
want to invest.
Risk Cover is same for all Ages for a
specific Mode of premium i.e. for 5000 P.A.
the riskcover for Age 20 as well as Age 45 is
A lot of guarantee
A smooth returns over the Term.
Flexibility of Term.
A lot of Liquidity.
A higher cover particularly for
lower Term’s and higher entry age.
250 times the maturity premium plus.
Returns of premium excluding extra / rider
premium and first year premium plus.
The loyalty addition if any.
Maturity Sum Assured, Plus.
The loyalty addition if any.
For a chosen premium , the level of benefits
payable at Maturity (The maturity Sum
Assured) will Quated.
Policy holder can choose term from 10
years to 35 years.
Modes :- Yearly, Half Yearly ,Quarterly ,
SSS and ECS Monthly.
Minimum age at entry :-
Maximum age at entry :-
: 12 Year’s (Completed)
: 60 Year’s
Maximum Age at Maturity :- : 70 Year’s
Minimum Term :-
Maximum Term :-
: 10 Year’s
: 35 Year’s
Minimum premium for entry age 49 year’s
: 250/- Per Month.
Minimum premium for entry age 50 year’s
: 400/- Per Month.
The monthly premium should be in multiple
of Rs. 50/-.
Maximum Premium : No Limit
Accidental Benefits (Optional).
Term Assurance rider(Optional).
Standard term assurance and AB riders
sum assured limits apply.
The term assurance and AB rider sum
assured will not exceed the death
benefit sum assured.
At least 3 year’s premium are paid.
Minimum basic annual premium after withdrawal -3000/-
where Age at entry was 49 year’s as below 4800/-
where Age at entry was 50 year’s as above.
Minimum basic annual premium for withdrawal -1200/-.
Withdrawal is multiple of 600/- annual premium.
Minimum waiting period between successive withdrawal
All benefits and premium under the policy will get
15 Year’s &
25% 7.5% 5%
20% 7.5% 5%
40% of FY