2. Why Retirement Planning?
• Lack of Social Security System in India
• Children may NOT take care of their Parents
• Higher Life Expectancy
• Ever-increasing Medical Expenses
• Falling Global Interest Rates (See Next Slide)
3. GDP RANK COUNTRY RATE OF INTEREST
1 Germany -0.13%
2 UK 0.84%
3 France 0.08%
4 Italy 2.28%
5 Spain 0.50%
6 Netherlands -0.09%
7 Switzerland -0.48%
8 Poland 2.35%
9 Swedan -0.09%
10 Belgium 0.15%
11 Austria 0.03%
12 Norway 1.44%
13 Ireland 0.27%
14 Denmark -0.22%
15 Finland 0.05%
- 5 Countries have Negative Interest Rate.
- Among Top 15, highest interest rate is 2.35%
TOP 15 EUROPEAN NATIONS INTEREST RATES
4. 5-Common Retirement Mistakes
• My Children will take care of me after retirement
• I have sufficient savings to manage
• I have enough Property
• I wont live for a Long time
• Not investing in Guaranteed Pension Products
5.
6. What is Jeevan Shanti?
• Non-linked Single premium Annuity Plan
• 2-Types of Annuity available
• Immediate Annuity & Deferred Annuity
• Available to all LIVES including Third Gender
• Annuity rates are Guaranteed by Govt of India
7. Basic Parameters of the Plan
• Minimum Age at Entry is 30 Years
• Maximum Age can go upto 100 Years
• Single Life as well as Joint Life (will explain this)
• Lineal Descendant/Ascendant of a Family
• Minimum Purchase Price: Rs.1,50,000
• Min Annuity: 1000/3000/6000/12000 (Modewise)
8. Basic Parameters (Continued)
• Always check ALL-IN-ONE Calculator
• Key in SA, Type of Annuity & Annuity Options
• Quote Premium after the above Process
• Handicapped Dependents (Divyangjan) can be Nominee
• In such cases, Min Purchase Price: Rs.50,000
• No restriction on Minimum Annuity amount for Divyangjan
10. Options in Immediate Annuity
Annuity Options Annuity Description
Option A Immediate Annuity for Life
Option B 5 Years Certain and thereafter for Life
Option C 10 Years Certain and thereafter for Life
Option D 15 Years Certain and thereafter for Life
Option E 20 Years Certain and thereafter for Life
Option F Immediate Annuity for Life with return of Purchase Price
Option G Immediate Annuity for Life with increase @ 3% Simple p.a
Option H Joint Life with 50% annuity to Spouse
Option I Joint Life with 100% annuity to Spouse
Option J Joint Life with 100% to Spouse with return of Purchase Price
20. Guaranteed Addition
• Available in Deferred Annuity Option
• Every month during deferment period
• Rate of GA can be seen in Illustration later
21. Death Benefit
• IMMEDIATE ANNUITY
– Depends on Annuity option
– Return of Purchase Price (F & J)
– Be Very Careful in choosing
22. Death Benefit in deferred Annuity
• SINGLE LIFE
– (Purchase Price + Accrued GA) – Annuity paid
– 110% of Purchase Price
– Whichever is Higher
• JOINT LIFE
– On 1st death, nothing is payable
– On death of Survivor, as defined in Single Life
24. LOAN & SURRENDER
• Eligible only in Option F/J (Immediate Annuity) & Deferred Annuity
• LOAN available after 1 Year in both types of Annuities
• Annual Loan Interest to be < than 50% of Annual Pension
• Max Loan Amount to be less than 80% of Surrender Value
• Surrender available after 3 Months from DOC
• Depends on Type of Annuity Chosen & Age during Surrender
• We can see Illustrative Surrender Values in Next few Slides
25. Age Surrender Value Age Surrender Value
41 728971 51 744412
42 730116 52 746663
43 731278 53 748911
44 732555 54 751371
45 733933 55 753931
46 735420 56 756702
47 736990 57 759575
48 738751 58 762528
49 740478 59 765661
50 742385 60 768928
SURRENDER VALUE IN JEEVAN SHANTI
[IMMEDIATE ANNUITY]
Entry Age : 40 Amount Invested: 10 Lacs
26. Entry Age : 50 Amt Invested: 50 Lacs
Age Surrender Value % to Invested Amount
51 2897611 57.95%
52 3162543 63.25%
53 3452104 69.04%
54 3767626 75.35%
55 4112437 82.25%
56 4489200 89.78%
57 4899911 98.00%
58 5347899 106.96%
59 5837158 116.74%
60 6371682 127.43%
SURRENDER VALUE IN JEEVAN SHANTI
[DEFERMENT PERIOD: 10 YEARS]
28. • There is NO other Portfolio except
JEEVAN SHANTI which can
Guarantee a Fixed Rate of Interest
for the entire Life-time of a
Customer with Capital Protection
coupled with return of Purchase
Price.
29. • Retirement cannot be Postponed. It
requires a “Guaranteed method” to
provide for it. Financial Planning will
be of lesser use. Immovable Assets will
make us Wealthy on Paper only.
Jeevan Shanti alone can provide a Safe,
Secure & Regular Income which makes
us Independent.
30. • In this era of Uncertain Global &
Indian Economy, our Clients
require income which is FIXED
GUARANTEED & without TDS.
Jeevan Shanti provides Huge Risk
cover too in Deferred Annuity
option which we already saw.
31. • LIFE EXPECTANCY in INDIA is increasing.
As per the latest data available with
the Ministry of Health & Family
Welfare, the average longevity is 81.
But, Retirement age is always between
55 to 60. Jeevan Shanti addresses this
Situation effectively
32. • Almost 92% of Indian Working
Population doesn’t have Retirement
Income; Social Security System in our
Country is not adequate enough to
take care of Old-Age. It is our
Individual responsibility to secure our
retirement through Jeevan Shanti.
33. • Last but NOT the least, to enjoy Life
after retirement, to ensure adequate
income after retirement and most
importantly to live with SELF-RESPECT
after retirement, JEEVAN SHANTI is a
MUST, MUST & VERY MUST!!!
34.
35.
36.
37.
38.
39. TARGET MARKET FOR SHANTI
• Retired People having sufficient FDs in Bank
• HNI Clients who would be having Enormous Money
• Parents of NRIs who are living in India
• Young Executives who are earning Huge Money
• Anybody & Everybody whom you think…!
40. YEAR RBI INTEREST LIC'S ANUITY INTEREST
1990 14% 12% Life long
1995 13% 12% Life long
2000 12% 10% Life long
2005 10% 9% Life long
2015 9% 7.5% Life long
2019 6.8% 6.5% Life long
Why LIC's Annuity Plan is the BEST!
