05 Mahalife Gold

Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object]

Why does one save or invest money? Creation of wealth, so you can provide the best to your family Child’s education and marriage To provide money for emergencies An independent retired life Should one take Risks in ANY of the above? Legacy for future generations

However, life is uncertain… ,[object Object],[object Object],[object Object],What if you had a plan that provided you a life cover for your entire life? A plan that ensured your dreams would be protected, no matter what happened?

Concept of a whole life plan Purchase of plan Sum assured paid to the nominee on death during the term If the insured survives till maturity, the full sum assured is paid. 1 100 Think about a whole life plan that not only covers you for a life time but also gives Money every year, for the entire life, guaranteed?

Presenting Mahalife Gold . . . ,[object Object],The Insurance plan that gives you Income for Life, every year on survival … GUARANTEED

How does Mahalife Gold work? Purchase of plan 1 6 100 Non- Guaranteed Cash Dividends payouts start. These will continue till age 100 10 Guaranteed coupon payments of 5% of sum assured start. These will continue till age 100. Sum Assured is Paid with the final coupon payment and cash dividend You get a life insurance cover till age 100 The full sum assured is paid, regardless of the payments made. ,[object Object],[object Object],[object Object],[object Object],[object Object],15 Premium payment term ends

Understanding Mahalife Gold ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],* Tax benefits are as per current tax legislations and are subject to amendments from time to time.

MLG At a glance *Issue from age 55 to 60 on a case to case basis Product Details Entry Age (Minimum) 0 (30 Days) Entry Age ( Maximum) 60 years* Minimum Sum Assured Rs. 50,000 Maximum sum assured : No limit- subject to financial underwriting. Annual Premium Rs. 5000 Payment Mode Annual, Semi-Annual, Quarterly and Monthly. Guaranteed Benefits Guaranteed Coupon Payments every year- 5% of Sum Assured from the 10 th policy anniversary till maturity or death, which ever is earlier. Sum Assured In case of death or maturity is guaranteed. Additional Benefits (Non-guaranteed) Cash dividends from the 6 th policy anniversary onwards – every year, till maturity or death, which ever is earlier. Riders (Not mandatory and are available at a nominal extra cost) For Adult Policies Accidental Death and Dismemberment Rider [ADD] (Long Scale and Short Scale) Accidental Death Benefit [ADB] Waiver of Premium [WOP] 5, 10 or 15 Year Term riders. Critical Illness [CI] (Lumpsum and Accelerated) For Juvenile policies Payor Benefit Rider [PB]

Features, How it works and Benefits F H B Limited Premium Payment Term with whole life protection. ,[object Object],[object Object],[object Object],5% Guaranteed Annual Coupon payments (AC) from 10 th policy anniversary for life ,[object Object],[object Object],[object Object],[object Object],Cash Dividends payable annually from 6 th policy anniversary onwards. ,[object Object],[object Object]

Features, How it works and Benefits F H B ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

For Juvenile policies ,[object Object],Death at Age % of Death Benefit Payable 0 20% 1 40% 2 60% 3 80% 4 & Above 100%

Benefit Illustration- 1 ,[object Object],[object Object],Cash Dividends illustrated at future investment returns projections of 10% & 6% respectively. Annual Premium – Rs. 43,500 Age of the child Sum Assured Annual Coupons payable at 5% of Sum Assured Total accumulated value of Guaranteed Coupons paid Non Guaranteed Cash Dividends Paid in Year Accumulated Value of Total Cash Dividends payable (Non Guaranteed) High Bonus Rate Low Bonus Rate High Bonus Rate Low Bonus Rate 15 500,000 25,000 1,50,000 31,000 7,000 2,48,000 56,000 20 500,000 25,000 2,75,000 46,500 10,500 4,18,500 94,500 25 500,000 25,000 4,00,000 46,500 10,500 6,51,000 1,47,000 35 500,000 25,000 6,50,000 46,500 10,500 11,16,000 2,52,000 45 500,000 25,000 9,00,000 46,500 10,500 15,81,000 3,57,000 55 500,000 25,000 11,50,000 46,500 10,500 20,46,000 4,62,000 65 500,000 25,000 14,00,000 46,500 10,500 25,11,000 5,67,000 75 500,000 25,000 16,50,000 46,500 10,500 29,76,000 6,72,000 100 500,000 25,000 22,75,000 46,500 10,500 41,38,500 9,34,500

Benefit Illustration- 2 ,[object Object],[object Object],Cash Dividends illustrated at future investment returns projections of 10% & 6% respectively. Annual Premium – Rs. 43,500 Age Sum Assured Annual Coupons payable at 5% of Sum Assured Total value of accumulated Guaranteed Coupons paid Non Guaranteed Cash Dividends Paid in Year Accumulated Value of Total Cash Dividends payable (Non Guaranteed) High Bonus Rate- 10 % Low Bonus Rate – 6% High Bonus Rate- 10 % Low Bonus Rate – 6% 40 500,000 25,000 25,000 31,000 7,000 93,000 21,000 45 500,000 25,000 150,000 31,000 7,000 2,48,000 56,000 50 500,000 25,000 2,75,000 46,500 10,500 4,18,500 94,500 55 500,000 25,000 4,00,000 46,500 10,500 6,51,000 1,47,000 60 500,000 25,000 5,25,000 46,500 10,500 8,83,500 1,99,500 65 500,000 25,000 6,50,000 46,500 10,500 11,16,000 2,52,000 75 500,000 25,000 9,00,000 46,500 10,500 15,81,000 3,57,000 100 500,000 25,000 15,25,000 46,500 10,500 27,43,500 6,19,500

Target Group- MLG ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Activity 1 : ,[object Object],[object Object],[object Object]

Summary ,[object Object],[object Object],[object Object],[object Object],[object Object]

Next Session ,[object Object],Back to main presentation

05 Mahalife Gold

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