Unit Linked Training
Objectives Identify the need for a Unit Linked Plan 1 Outline the working of a Unit Linked Plan 2 List the Unit Linked Off...
Why do people save/invest money? Purchase of small assets, starting a career Purchase of a house, car, etc. Child’s educat...
Various Investment Avenues available <ul><li>Equity Markets </li></ul><ul><li>Unit Trusts/ Mutual Funds </li></ul><ul><li>...
Components of an ideal portfolio Insurance Secured Income Yielding Instruments Equity/ Mutual Funds and Real Estate The pe...
Risk appetites and Investor Profiles Secured Income Yielding Instruments Equity/ Mutual Funds and Real Estate Secured Inco...
The ideal investment option Wealth Creation Protection Life Insurance Investment ULIPs
Advantage Of ULIPS <ul><li>ULIPs harness the “Power of Compounding” to grow the value of the investment. </li></ul><ul><li...
How it works <ul><li>Assume a  person needs 25 Lakhs for a comfortable retired life (after inflation). </li></ul><ul><li>H...
How does a ULIP work? Investment Premium Growth Charges Final Value Start of the policy Appropriate sum assured & premium ...
The ideal solution <ul><li>A unit linked insurance plan gives you the best of both worlds: </li></ul>Power  of the Equity ...
New ULIP offerings from Tata AIG Life Flexible Unit Linked Investment Plan Unit Linked Pension Plan InvestAssure Flexi
 
InvestAssure Flexi
Our Flexible Unit Linked Plan InvestAssure Flexi
What do you want in a ULIP? <ul><li>What flexible features would you like in a ULIP? </li></ul><ul><ul><li>Policy Terms </...
How does Invest Assure  Flexi offer it’s flexibility? FLEXIBILITY Payment Term  5 7 13 27 40 19 36 32 Choose any term bet...
How does Invest Assure  Flexi offer it’s flexibility? FLEXIBILITY Investment Funds Top-ups Large Cap Equity Fund WL Agress...
How does Invest Assure  Flexi offer it’s flexibility? FLEXIBILITY Switching Premium Redirection Large Cap Equity Fund WL A...
How does Invest Assure  Flexi offer it’s flexibility? FLEXIBILITY Withdrawal Maturity Large Cap Equity Fund WL Agressive G...
How does Invest Assure  Flexi offer it’s flexibility? FLEXIBILITY Payment Term Withdrawal Investment Funds Switching Premi...
How does Invest Assure  Flexi offer it’s flexibility? Purchase of policy Flexibility in the premium payment term Flexibili...
Flexibility in Investment <ul><li>Flexibility to select one or a combination of 7 funds to invest in: </li></ul><ul><li>Al...
Flexibility to choose the right fund WL Mid Cap Equity Fund WL Income Fund WL Short Term Fixed Income WL Aggressive Growth...
Capital Guarantee Fund Guarantees a return of the premiums paid towards this  Fund on  maturity before deduction of alloca...
Flexibility to increase your investment <ul><li>This plan offers you the flexibility to increase your investment at any ti...
Top-ups and top-up sum assured <ul><li>You can use top-ups effectively to: </li></ul><ul><ul><li>Increase your investment ...
Flexible Premium Holiday <ul><li>There maybe times when you can’t pay premiums. </li></ul><ul><li>If the premium is paid f...
Premium Holiday <ul><li>If the policyholder does not give a written request the policy will be surrendered & the net value...
Flexible Partial Withdrawals <ul><li>Allows you access to your funds via partial withdrawals after 5 years from the date o...
Rules relating to partial withdrawals <ul><li>Partial withdrawals can be made if: </li></ul><ul><ul><li>The policyholder h...
Partial Withdrawals After 5 th  Policy Year <ul><li>The amount of money that can be withdrawn, from the regular premium fu...
Example – Partial Withdrawal <ul><li>Mr. Vishal, aged 30 has purchased an InvestAssure Flexi Plan with a policy term 20 ye...
Maturity Bonus <ul><li>Dependant on the number of premiums paid.  </li></ul><ul><li>% of regular premium fund value on mat...
Flexible Maturity <ul><li>On maturity, the fund value and any applicable bonus will be paid to you. </li></ul><ul><li>In t...
Death Benefit <ul><li>In case of death, the following benefits will be payable to the nominee: </li></ul><ul><li>*If any p...
Juvenile lien <ul><li>The death benefit payable in case of juveniles would be as per the following table: </li></ul><ul><l...
Surrender <ul><li>Surrender can be made after 3 years. </li></ul><ul><li>Surrender Value is : </li></ul><ul><li>The entire...
Flexible Cover Enhancement <ul><li>Additional benefits can be attached to the policy by adding riders. </li></ul><ul><li>T...
Charges
Premium Allocation Charges 1.5% 10,000,000 & above 9.0% 1,000,000-9,999,999 15.0% 14.0% 13.0% 500,000-999,999  18.0% 16.0%...
Fund Management Charge FMC Fund 1.20% Large Cap Equity Fund 1.50% Capital Guarantee Fund (offer only to premium payment te...
Administration & Mortality Charges <ul><li>Administration:  </li></ul><ul><ul><li>Rs 75 per month throughout the policy te...
Full Surrender Charges 0% 0% 0% 0% 8+ 5% 0% 0% 0% 7 10% 10% 0% 0% 6 15% 15% 5% 5% 5 25% 25% 10% 10% 4 Not Applicable 1-3 2...
Beat The Competition With Flexi ADDB NA ADB / APTP / DB / CI / HCB ADB / CI / WOP PB  /  CI (L)/ ADB /   ADDL RIDERS 2 NO*...
Invest with the BEST! Business Standard dated July 9, 2007 Outlook Money dated December 15, 2007 Best Performing Equity fu...
Invest with the BEST! Tata AIG Life Investment Report- November 2007 Not Only The Best Product Not Only The Best Fund You ...
Features, How it works and Benefits (FHB) * Switch in Capital guarantee fund is not allowed.  <ul><li>You can invest more ...
Features, How it works and Benefits (FHB) <ul><li>Your dreams are protected from any eventuality in life.  </li></ul><ul><...
Invest Assure  Flexi at a glance For the entire term of policy. Benefit Period 3 Years/ Multiples of 5 Years/ Equal to pol...
A market leading flexible product <ul><li>Around 80% of the insurance premium is generated through ULIP sales.*  </li></ul...
A market leading flexible product <ul><li>Only insurance plan in the market to offer 7 fund options to cater to customers ...
IA 2 Vs IA Flexi A Client Wants… A  7  Year Policy A  9  Year Policy A  11  Year Policy A  17  Year Policy Oh! They Can’t!...
What’s in it for EVERYONE? Lower Charges More Invested Fund Choice Fund Mgt Bigger Volumes More Customers Increased M. Sha...
Positioning ULIP offerings from TALIC InvestAssure Gold InvestAssure Plus InvestAssure Future InvestAssure Flexi 1 2 ULIPS...
Positioning ULIP offerings from TALIC InvestAssure Gold InvestAssure Plus InvestAssure Future InvestAssure Flexi 1 2 3 4 I...
Summary <ul><li>In this session, we have touched upon: </li></ul><ul><ul><li>The need for a Unit Linked Insurance Plan. </...
Prepare for a bright and shining Future
What does the future have in store? <ul><li>What do people want to do when they retire? </li></ul><ul><li>Retirement is a ...
Consequences of not planning? <ul><li>Dependence  on your children or relatives for money </li></ul><ul><li>Working  to ea...
The Hard Facts <ul><li>Life expectancy of people has increased to 64, as per the 2001 census. </li></ul><ul><li>People age...
What do people depend on for retirement? <ul><li>Provident Fund </li></ul><ul><li>Public Provident Fund </li></ul><ul><li>...
Impact of inflation <ul><li>The following table shows the impact of inflation on the purchasing power of money </li></ul>F...
InvestAssure Future at a glance No Under Writing Immediate Issue At Point Of Sale No Life Cover This Unit linked Pension p...
How does InvestAssure Future Work? Advisor recommends the appropriate premium payment option as per customer needs identif...
How does InvestAssure Future Work? Advisor recommends the appropriate fund for investment, based on customers risk appetit...
How it works Top-ups can be made at anytime during Policy term, maximum upto 4 times a year. Minimum Rs. 5,000 Customer pa...
Top up premiums <ul><li>The customer can make top ups anytime during the period. </li></ul><ul><li>Minimum Top-Up Premium ...
Premium Holiday <ul><li>The customer can avail of premium holiday option after paying at least 3 annual payments. </li></u...
Discontinuance of premiums within 3 years <ul><li>The policy can be revived any time during the revival period of 2-years ...
Fund Switching <ul><li>The policyholder can switch from one fund to another to take advantage of a better performing fund ...
Premium Redirection <ul><li>Is allowed for future regular premium(s) (the total allocation to the funds should be 100%)  <...
Guaranteed Bonus <ul><li>This plan offers a guaranteed bonus on maturity or death.  </li></ul><ul><li>The bonus is payable...
Maturity Benefit <ul><li>On maturity, the following benefits are payable: </li></ul>* Provided the premium remains within ...
Death Benefit & Surrender <ul><li>In case of death,  Total Fund Value (i.e. Single/Regular prem FV+ Top up Prem FV) plus G...
Charges
Charges- Premium Allocation Premium Allocation Charges Option I: Single Premium Option II: Regular Premium Top – up Premiu...
Charges- Surrender Option 1 Single Premium Surrender is not allowed in first 3-policy year. There are no  surrender charge...
Charges- Policy Administration & Switching  Policy Administration Charge: Option 1: Single Premium Rs.25/- on a monthly ba...
Charges- Fund Management Charge 1.00 % Future Income Pension  Fund 1.05 % Future Balanced pension Fund 1.10 % Future Growt...
Features, How it works and Benefits (FHB) * Switch in Capital guarantee fund is not allowed.  <ul><li>You can invest more ...
Features, How it works and Benefits (FHB) <ul><li>You get more money to make your dreams come true. </li></ul><ul><li>A pe...
Around InvestAssure Future 5 Funds: Future Equity Pension /  Future Growth pension /  Future Balanced  Pension /  Future I...
Around InvestAssure Future REGULAR PREMIUM ULIP PENSION PLAN COMPARISON 6 Funds -  Liquid Fund /  Secure Managed Fund/  De...
InvestAssure Future at a glance This Unit linked Pension plan has unique feature of  No life cover  Premium Multiple Optio...
Review And then the test!
And Now The Test! Thank You !
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Future & Flexi Training Penultimate

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  • Future & Flexi Training Penultimate

    1. 1. Unit Linked Training
    2. 2. Objectives Identify the need for a Unit Linked Plan 1 Outline the working of a Unit Linked Plan 2 List the Unit Linked Offerings from Tata AIG Life 3 Position the ULIP products from Tata AIG Life 4 By the end of this session you will be able to:
    3. 3. Why do people save/invest money? Purchase of small assets, starting a career Purchase of a house, car, etc. Child’s education and marriage Retirement and creating a legacy for future generations
    4. 4. Various Investment Avenues available <ul><li>Equity Markets </li></ul><ul><li>Unit Trusts/ Mutual Funds </li></ul><ul><li>Bank Fixed Deposits </li></ul><ul><li>Post Office Deposits </li></ul><ul><li>Real Estate </li></ul><ul><li>Insurance </li></ul>Wealth Creation Provide Secured Returns For creating a legacy For Protection
    5. 5. Components of an ideal portfolio Insurance Secured Income Yielding Instruments Equity/ Mutual Funds and Real Estate The percentages of each component would differ, depending on the risk appetite of the customer
    6. 6. Risk appetites and Investor Profiles Secured Income Yielding Instruments Equity/ Mutual Funds and Real Estate Secured Income Yielding Instruments Equity/ Mutual Funds and Real Estate Secured Income Yielding Instruments Equity/ Mutual Funds and Real Estate High Risk & High Return Potential Moderate Risk & Moderate Return Potential Low Risk & Low Return Potential Adventurous Balanced Cautious Great News! Unit Linked Insurance Plan (ULIP) Protection + Wealth Creation under a single plan
    7. 7. The ideal investment option Wealth Creation Protection Life Insurance Investment ULIPs
    8. 8. Advantage Of ULIPS <ul><li>ULIPs harness the “Power of Compounding” to grow the value of the investment. </li></ul><ul><li>Compounding is “Interest earned on Interest” </li></ul><ul><li>Interest that is earned by the initial capital also earns interest and hence multiplying the rate at which money grows. </li></ul>
    9. 9. How it works <ul><li>Assume a person needs 25 Lakhs for a comfortable retired life (after inflation). </li></ul><ul><li>How much will he need to save? </li></ul>Saving just Rs. 25,000 a year can help you create a corpus of Rs. 2.5 Crores over 30 years @ 6% returns. 25,819,002 10% 10 125000 25,075,455 10% 15 60000 25,267,998 10% 20 33000 25,419,916 10% 25 19000 25,072,578 10% 30 11000 Corpus- 10% Returns Expected Return -10% Years Investment Amount 25,857,702 6% 10 157000 25,427,734 6% 15 87000 25,074,959 6% 20 54000 25,768,980 6% 25 37000 25,238,440 6% 30 25000 Corpus- 6% Returns Expected Return -6% Years Investment Amount
    10. 10. How does a ULIP work? Investment Premium Growth Charges Final Value Start of the policy Appropriate sum assured & premium is selected. 1 2 Policy expenses including admin cost and cost of insurance are deducted 3 This gives the investible premium, which is invested in the funds of the customer’s choice. The Fund Management charges are deducted after the premiums are invested in the funds 4 Premiums are regularly paid. The fund value grows as per underlying fund performance. 5 The fund value is paid on maturity. In case of death, the sum assured or fund value is paid, whichever is higher. - = + =
    11. 11. The ideal solution <ul><li>A unit linked insurance plan gives you the best of both worlds: </li></ul>Power of the Equity Market Protection of an Insurance cover ULIP
    12. 12. New ULIP offerings from Tata AIG Life Flexible Unit Linked Investment Plan Unit Linked Pension Plan InvestAssure Flexi
    13. 14. InvestAssure Flexi
    14. 15. Our Flexible Unit Linked Plan InvestAssure Flexi
    15. 16. What do you want in a ULIP? <ul><li>What flexible features would you like in a ULIP? </li></ul><ul><ul><li>Policy Terms </li></ul></ul><ul><ul><li>Premium Payment Terms </li></ul></ul><ul><ul><li>Investment fund choices </li></ul></ul><ul><ul><li>Adding money at any time </li></ul></ul><ul><ul><li>Ability to Switch Funds </li></ul></ul><ul><ul><li>Ability To Re-Direct Premiums </li></ul></ul><ul><ul><li>Withdrawal Options </li></ul></ul><ul><ul><li>A loyalty bonus on maturity </li></ul></ul>InvestAssure Flexi
    16. 17. How does Invest Assure Flexi offer it’s flexibility? FLEXIBILITY Payment Term  5 7 13 27 40 19 36 32 Choose any term between 5 & 40 3 years 5 years 9 years 23 years 25 years 34 years 38 years 40 years 13 years Choose 3 years, multiples of 5 years or the policy term Policy Term
    17. 18. How does Invest Assure Flexi offer it’s flexibility? FLEXIBILITY Investment Funds Top-ups Large Cap Equity Fund WL Agressive Growth fund WL Stable Growth fund WL Mid-Cap Equity Fund WL Income Fund WL Short-Term Income Fund Capital Guarantee Fund Choose from 7 different funds Choose to top-up at any time
    18. 19. How does Invest Assure Flexi offer it’s flexibility? FLEXIBILITY Switching Premium Redirection Large Cap Equity Fund WL Agressive Growth fund WL Stable Growth fund WL Mid-Cap Equity Fund WL Income Fund WL Short-Term Income Fund Capital Guarantee Fund Choose to switch your funds at any time. 12 times a year with no charge Large Cap Equity Fund WL Agressive Growth fund WL Stable Growth fund WL Mid-Cap Equity Fund WL Income Fund WL Short-Term Income Fund Capital Guarantee Fund Choose to redirect your future premiums to any other funds in any proportion! Please note – switching and premium redirection into the capital guarantee fund is not allowed.
    19. 20. How does Invest Assure Flexi offer it’s flexibility? FLEXIBILITY Withdrawal Maturity Large Cap Equity Fund WL Agressive Growth fund WL Stable Growth fund Choose to withdraw from selected funds after 5 years 1 5 Choose to take a lumpsum on maturity or periodic payments over 5 years + a bonus if applicable
    20. 21. How does Invest Assure Flexi offer it’s flexibility? FLEXIBILITY Payment Term Withdrawal Investment Funds Switching Premium Redirection Top-ups Maturity Policy Term Choose any term between 5 & 40 Choose 3 years, 5 years or the policy term Choose from 7 different funds Choose to top-up at any time Choose to switch your funds at any time Choose to redirect your future premiums to any other funds in any proportion! Choose to withdraw from selected funds after 5 years Choose to take a lumpsum on maturity or periodic payments over 5 years + bonus if applicable Now… That’s What I Call Flexible!
    21. 22. How does Invest Assure Flexi offer it’s flexibility? Purchase of policy Flexibility in the premium payment term Flexibility in the policy term - 3 Flexibility to choose the premium payment term. Flexibility to invest additional money upto 4 times a year via Top-ups. Flexibility to Increase risk coverage by taking a sum assured for the top-ups at any point during the policy term. Flexibility to switch between funds to book profits or to take advantage of a better performing fund. Flexibility to withdraw from your investment via partial withdrawals. 12 free fund switches in a year. 6 11 Get a maturity bonus, depending on the number of premiums paid. Get the fund value of the regular premium fund + top-up fund, if any. Flexibility to take the maturity value immediately as a lumpsum or to take it over a certain period, upto 5 years from maturity. the Sum Assured net of all Deductible Partial Withdrawals , if any, from the Regular Premium Account , or the Regular Premium Fund Value In addition to this, for each Top-Up the death benefit will be higher of the approved Top-Up Sum Assureds) net of all Deductible Partial Withdrawals , if any, from the Top-Up Account or (ii) Top-Up Fund Value Death Flexibility to choose any term from 5 years to 40 years. 5 10
    22. 23. Flexibility in Investment <ul><li>Flexibility to select one or a combination of 7 funds to invest in: </li></ul><ul><li>Although you select a single fund or set of funds to begin with, the plan offers the flexibility to : </li></ul><ul><ul><li>Move money from existing fund(s) to other funds. (Switching) </li></ul></ul><ul><ul><li>Redirect future premiums to another fund (provided percentage chosen in integral percentage for each funds summing to 100% Premium allocation towards the capital guarantee fund cannot be altered) Switching into Capital Guarantee Fund is not allowed. </li></ul></ul><ul><li>Pay only Rs. 100 per switch for every additional switch after the free switches. </li></ul>WL Aggressive Growth WL Short Term Fixed Income WL Income Fund WL Mid Cap Equity Fund Take advantage of ups and downs in the market, book profits made by growth of fund value, or hedge against market risks You are allowed 12 free fund switches* in a year. WL Stable Growth Large Cap Equity Fund Capital Guarantee Fund
    23. 24. Flexibility to choose the right fund WL Mid Cap Equity Fund WL Income Fund WL Short Term Fixed Income WL Aggressive Growth WL Stable Growth Large Cap Equity Fund Equities- 50-80%; Govt/ Corporate Bonds- 20-50%; Money Market Instruments- Upto 40% To provide higher returns in long term by investing primarily in Equities along with debt/ money market instruments Equities- 30-50%; Govt/ Corporate Bonds- 50-70%; Money Market Instruments- Upto 40% To provide stable returns by balancing the investment in Equities and debt/ money market instruments Equities- 80 to 100% Money Markets Upto 40% The primary investment objective of the Fund is to generate long - term capital appreciation from a portfolio that is invested pre-dominantly in large cap equity and equity linked securities Govt/ Corporate Bonds- Upto 100%; Money Market Instruments- Upto 40% To generate stable returns by investing in fixed income securities having shorter maturity periods. Under normal circumstances, the average maturity of the Fund may be in the range of 1-3 years. Govt/ Corporate Bonds- Upto 100%; Money Market Instruments- Upto 40% To generate income by investing in a range of debt and money market instruments of various maturities with a view to maximizing the optimal balance between yield, safety and liquidity. Equities- Upto 100% Money Market Upto 40% To generate long – term capital appreciation from a portfolio that is invested pre-dominantly in Mid Cap Equity and Mid Cap Equity linked securities. Allocation Objective Fund
    24. 25. Capital Guarantee Fund Guarantees a return of the premiums paid towards this Fund on maturity before deduction of allocation charges. <ul><li>Flexibility to switch out from the fund to proportionately reduce the guaranteed benefit proportionately. Guarantee will apply only in respect of those premiums that remain in the Capital Guarantee Fund till point of guarantee/ maturity. </li></ul><ul><li>The guarantee will not apply on premium allocated towards other funds. Further, Top Up premiums are not allowed into Capital Guarantee Fund. </li></ul>Flexibility with a GUARANTEE! Capital guarantee fund is only available at the time of entering into the contract.
    25. 26. Flexibility to increase your investment <ul><li>This plan offers you the flexibility to increase your investment at any time. </li></ul><ul><li>You can make single top-ups to the plan. </li></ul><ul><li>Top-ups can be made for as low as Rs. 5,000 and upto 4 times a year. </li></ul>Help your investments grow faster by investing single top-ups! You can increase your sum assured by taking a life cover for each top-up* WOW!!! *subject to underwriting
    26. 27. Top-ups and top-up sum assured <ul><li>You can use top-ups effectively to: </li></ul><ul><ul><li>Increase your investment in the plan with lower premium allocation charges. </li></ul></ul><ul><ul><li>Increase your risk coverage via top-up sum assured. </li></ul></ul><ul><li>Top up sum assured is mandatory only if… </li></ul><ul><li>Capital guarantee fund is not available for top-ups. </li></ul><ul><li>The premium allocation charge for single top-up is 1.5% of top-up premium received. </li></ul>Total Top Up premium is more than 25% of the total regular premiums paid till date.
    27. 28. Flexible Premium Holiday <ul><li>There maybe times when you can’t pay premiums. </li></ul><ul><li>If the premium is paid for a minimum of 3 annual payments, it will not lapse! </li></ul><ul><li>Premium holidays can be continued indefinitely as long as after 2 years there is a written request of the policyholder & the surrender value does not fall below 1 years premium </li></ul>Automatic Premium Holiday Mode Wow!
    28. 29. Premium Holiday <ul><li>If the policyholder does not give a written request the policy will be surrendered & the net value sent to the policyholder. </li></ul><ul><li>During the premium holiday, other than the premium allocation charge, all the normal charges will be deducted from the fund. </li></ul><ul><li>If annual premiums are stopped within the first 3 policy years: </li></ul><ul><ul><li>The policy will continue without a death benefit. </li></ul></ul><ul><ul><li>However it may be revived at anytime during the revival period of 2 years* </li></ul></ul><ul><ul><li>If not revived during this period, the policy will be terminated. </li></ul></ul>*subject to fulfilling company’s revival conditions.
    29. 30. Flexible Partial Withdrawals <ul><li>Allows you access to your funds via partial withdrawals after 5 years from the date of issuance. </li></ul><ul><li>Withdrawals are made from the top-up account first (as long as 3 years have elapsed) and then from the regular premium account if required </li></ul><ul><li>How does this help? </li></ul>No charges for partial withdrawals made You Choose When You Need The Money Wow!
    30. 31. Rules relating to partial withdrawals <ul><li>Partial withdrawals can be made if: </li></ul><ul><ul><li>The policyholder has attained 18 years of age. </li></ul></ul><ul><ul><li>The withdrawal is not less than Rs 5,000 </li></ul></ul><ul><ul><li>The surrender value, after withdrawal, should not fall below one years annual premium. </li></ul></ul><ul><ul><li>No more than 4 partial withdrawals are made in one policy year. </li></ul></ul><ul><li>Capital Guarantee Fund: </li></ul><ul><ul><li>Partial withdrawals from this fund will reduce the guaranteed amount proportionately. </li></ul></ul>
    31. 32. Partial Withdrawals After 5 th Policy Year <ul><li>The amount of money that can be withdrawn, from the regular premium fund, is restricted to 20% percentage of the previous policy year fund value based on the following table: </li></ul>No restriction 8 onwards 20% No restriction 7 20% No restriction N/A 6 20-40 10-19 6-9 5 Policy year/ Policy Term
    32. 33. Example – Partial Withdrawal <ul><li>Mr. Vishal, aged 30 has purchased an InvestAssure Flexi Plan with a policy term 20 years and a premium payment term of 15 years, with a premium of Rs. 15,000 per annum. (Premium Multiple of 10 and 100% invested in WL Mid Cap Equity Fund) </li></ul><ul><li>His policy has run for 10 years. </li></ul><ul><li>In the 7 th year his fund value is Rs. 210,237 (10% return scenario) </li></ul><ul><li>What is the maximum partial withdrawal that he can make? </li></ul><ul><li>Solution </li></ul><ul><li>The maximum partial withdrawal is 210,237 x 20%= Rs. 42,047 </li></ul>
    33. 34. Maturity Bonus <ul><li>Dependant on the number of premiums paid. </li></ul><ul><li>% of regular premium fund value on maturity </li></ul>Even more money, Guaranteed! Wow! 4.0 3.9 3.8 3.7 3.6 3.5 3.4 3.3 3.2 3.1 3.0 2.9 2.8 2.7 2.6 2.5 2.4 2.3 2.2 2.1 2.0 NA % 35 + 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 11 to 15 < 10 Number of Regular Premiums Paid
    34. 35. Flexible Maturity <ul><li>On maturity, the fund value and any applicable bonus will be paid to you. </li></ul><ul><li>In the capital guarantee fund, you will get the higher of: </li></ul><ul><li>*Provided the premiums paid remain in the fund through out the term of the policy and all the premiums are received. </li></ul><ul><li>The policyholder can elect to receive their maturity benefit either via: </li></ul><ul><ul><li>lump sum </li></ul></ul><ul><ul><li>or through periodic payments over a maximum of 5 years </li></ul></ul><ul><li>The payment frequency is determined by the policyholder </li></ul><ul><li>The value of payments depends on the fund value. </li></ul><ul><li>During this period the death benefit is the fund value. </li></ul>The value of the capital guarantee fund* The total premium paid towards the fund* Wow! You don’t need to take the cash when the market is down!!! You choose if you want a lumpsum or periodic payments on maturity!!!
    35. 36. Death Benefit <ul><li>In case of death, the following benefits will be payable to the nominee: </li></ul><ul><li>*If any partial withdrawals have been made, these may affect the amount payable on death if: </li></ul><ul><ul><li>The partial withdrawal is made within 24 months of the death, or </li></ul></ul><ul><ul><li>Partial withdrawals were made after attaining age 60. </li></ul></ul>Death Claim higher of Sum Assured net of all partial withdrawals* Fund Value
    36. 37. Juvenile lien <ul><li>The death benefit payable in case of juveniles would be as per the following table: </li></ul><ul><li>Subject to a maximum death payout of Rs. 10,00,000 </li></ul>100% From 4 years upward 80% Less than 4 years 60% Less than 3 years 40% Less than 2 years 20% Less than 1 year Percentage of sum assured/ Top-up sum assured Insured’s age at death
    37. 38. Surrender <ul><li>Surrender can be made after 3 years. </li></ul><ul><li>Surrender Value is : </li></ul><ul><li>The entire policy terminates upon surrender. </li></ul><ul><li>Surrender charges will be applied as a percentage of Regular Premium Account Value. </li></ul><ul><li>In case of Capital Guarantee, the return of premium guarantee will not be applicable on surrender. </li></ul>Regular Premium Account Value - applicable Surrender Charges, if any + Top up Account Value
    38. 39. Flexible Cover Enhancement <ul><li>Additional benefits can be attached to the policy by adding riders. </li></ul><ul><li>These are available for a nominal amount of additional premiums. </li></ul><ul><li>The following riders can be attached. </li></ul>Critical Illness Rider (Lumpsum Benefit) Accidental Death Benefit (ADB) Rider Accidental Death and Dismemberment (Long Scale) (ADDL) Rider Payor Benefit Rider (for Juvenile Plans only) Wow!
    39. 40. Charges
    40. 41. Premium Allocation Charges 1.5% 10,000,000 & above 9.0% 1,000,000-9,999,999 15.0% 14.0% 13.0% 500,000-999,999 18.0% 16.0% 15.0% 25,000-499,999 19.0% 17.0% 16.0% 15,000-24,999 15-40 5-14 3 Annual Premium Band (Rs.) Premium Paying Term 1 st & 2nd Year 1.5% 2,000,000 & above 3% Less than 2,000,000 Annual Premium Band (Rs.) All Premium Paying Terms Year 3 to 5
    41. 42. Fund Management Charge FMC Fund 1.20% Large Cap Equity Fund 1.50% Capital Guarantee Fund (offer only to premium payment term>=15) 1.20% WL Mid-cap Equity Fund 0.80% WL Income Fund 0.65% WL Short Term Fixed Income Fund 1.00% WL Stable Growth 1.10% WL Aggressive Growth
    42. 43. Administration & Mortality Charges <ul><li>Administration: </li></ul><ul><ul><li>Rs 75 per month throughout the policy term. </li></ul></ul><ul><ul><li>Except for a policy with annualized premium >/=Rs 50,000, where the charge is Rs 300 per month in the first year & then Rs 75 thereafter </li></ul></ul><ul><ul><ul><li>The administration charges cannot be increased by more than a maximum of 5% p.a. </li></ul></ul></ul><ul><li>Mortality: </li></ul><ul><ul><li>Mortality/COI charges are deducted monthly in advance from the fund by unit cancellation </li></ul></ul><ul><ul><ul><li>The rates are based on 100% of Indian Assured Lives Mortality (1994-96) (Modified) Ultimate. </li></ul></ul></ul>
    43. 44. Full Surrender Charges 0% 0% 0% 0% 8+ 5% 0% 0% 0% 7 10% 10% 0% 0% 6 15% 15% 5% 5% 5 25% 25% 10% 10% 4 Not Applicable 1-3 20-40 10-19 6-9 5 Surrender Charge (by term) Policy Year
    44. 45. Beat The Competition With Flexi ADDB NA ADB / APTP / DB / CI / HCB ADB / CI / WOP PB / CI (L)/ ADB / ADDL RIDERS 2 NO* 3 4 12 SW(FREE) 3 3 5 4 7 FUN(NOS) Yes Yes Yes No Yes TOP 25% 15% 24% 20% 19% PA (max) 5 - 25 10 - 40 10 - 70 10 - 75 5 - 40 years PT Regular Regular Regular Regular 3 / 5 / 10 / 15 / 20 / 25 / 30 / 35 / 40 Or equal to policy term. PPT Rs.50000 Rs.12000 Rs.15000 Rs.18000 Rs.15000 MP 75 years 70 years 70 years 75 years 80 years MA 18 Years - 60 years 0 year - 60 years 0 year - 60 years 0 year - 65 years 30 days - 70 years EA Dream Plan Horizon II New Unit Gain Plus Life time Super Invest Assure Flexi BSLI SBI Life Bajaj Allianz ICICI Prudential Tata AIG Life  
    45. 46. Invest with the BEST! Business Standard dated July 9, 2007 Outlook Money dated December 15, 2007 Best Performing Equity fund in the Market!
    46. 47. Invest with the BEST! Tata AIG Life Investment Report- November 2007 Not Only The Best Product Not Only The Best Fund You Now Have The Best Product In The Best Fund!!!!
    47. 48. Features, How it works and Benefits (FHB) * Switch in Capital guarantee fund is not allowed. <ul><li>You can invest more money to give your account value a better chance to grow faster. </li></ul><ul><li>You can put windfall gains to good use to create an asset for your loved ones. </li></ul><ul><li>Gives the flexibility to Invest additional money in the plan over and above the regular premiums. </li></ul><ul><li>Allows the customer to increase coverage by taking additional sum assured for top-up. </li></ul>Top up option. <ul><li>You can use the appropriate fund(s) to invest for your specific needs. </li></ul><ul><li>You can hedge your investments against the ups and downs in the market. </li></ul><ul><li>You can switch between various funds to take advantage of the ups and downs of the market.* </li></ul><ul><li>Customer can choose the fund or combination of funds according to his risk appetite. </li></ul><ul><li>7 funds to select from: </li></ul><ul><li>WL Aggressive Growth </li></ul><ul><li>WL Stable Growth </li></ul><ul><li>WL Short Term Fixed Income Fund </li></ul><ul><li>WL Income Fund </li></ul><ul><li>WL Mid Cap Equity Fund </li></ul><ul><li>Large Cap Equity Fund </li></ul><ul><li>Capital Guarantee Fund </li></ul><ul><li>Your investment in your future/ your child’s future is protected. </li></ul><ul><li>The customer is guaranteed a return of premiums paid towards the Capital Guarantee Fund, if the fund value is not able to grow as expected. </li></ul>Capital Guarantee Fund Option <ul><li>Your dreams are protected from the uncertainties of life. </li></ul><ul><li>Your family is guaranteed atleast the sum assured if your investments have not been able to grow fully. </li></ul><ul><li>In case something happens to the customer, his nominee will get the higher of sum assured or fund value. </li></ul>Life cover for the chosen term <ul><li>You can start saving for your child’s dreams from the time the child is born. </li></ul><ul><li>Gives the flexibility to enter into this plan at a young age. </li></ul>Issue age 30 days to 70 years B H F
    48. 49. Features, How it works and Benefits (FHB) <ul><li>Your dreams are protected from any eventuality in life. </li></ul><ul><li>Your family will get an additional sum of money to ensure financial stability. </li></ul><ul><li>The ADDL rider can be attached, which pays a sum assured in case of accidental death or a specified percentage of the sum assured in case of accidental dismemberment. </li></ul><ul><li>Your dreams can be achieved even in case of any unforeseen eventuality. </li></ul><ul><li>Your family gets more money, which can be used to stabilize themselves financially. </li></ul><ul><li>The ADBL rider can be attached, which pays an additional sum assured in case of accidental death of the insured. </li></ul><ul><li>You get more money to make your dreams come true. </li></ul><ul><li>A percentage of the account value is paid on maturity, depending on the number of regular premiums paid. </li></ul>Eligible for a maturity bonus <ul><li>Your dreams can be achieved even if you are struck by a critical illness. </li></ul><ul><li>The CIL Rider can be attached, which pays an additional sum assured in case of being diagnosed with a covered critical illness and survival for a period of 30 days </li></ul><ul><li>You investment for your child’s future is protected from the eventualities of life. </li></ul><ul><li>Your savings can be used for what they were meant to be used. </li></ul><ul><li>The payor benefit rider is inbuilt which waives off all future premiums in case the payor dies or is totally and permanently disabled </li></ul><ul><li>Riders Can be attached/ are inbuilt </li></ul><ul><ul><li>Payor benefit </li></ul></ul><ul><ul><li>Accidental Death Benefit (ADB) Rider </li></ul></ul><ul><ul><li>Accidental Death and Dismemberment (Long scale) (ADDL) Rider </li></ul></ul><ul><ul><li>Critical Illness Rider (Lumpsum Benefit) </li></ul></ul><ul><li>If you are temporarily unable to pay premiums, you can put the policy on a premium holiday. </li></ul><ul><li>Your policy does not lapse. You can continue to create a corpus for your loved ones. </li></ul><ul><li>You can continue premium payments after the premium holiday to grow your fund value. </li></ul><ul><li>Gives the customer the option to temporarily stop paying premiums if he is unable to do so. </li></ul>Premium Holiday option <ul><li>You have complete access to your funds in to pay for urgent and sudden expenses.** </li></ul><ul><li>You can withdraw money to pay for medical emergencies. </li></ul><ul><li>**Please refer partial withdrawal table for regular premium fund value. </li></ul><ul><li>Gives the customer liquidity in his investment. </li></ul>Client can withdraw money after 5 years from the date of issue of the policy. B H F
    49. 50. Invest Assure Flexi at a glance For the entire term of policy. Benefit Period 3 Years/ Multiples of 5 Years/ Equal to policy term Premium Payment Period Annual/Semi-annual/Quarterly/Monthly Premium Mode 5 x Annual Premium or Term/2 x Annual Premium whichever is higher Sum Assured Rs.15,000 Minimum Premium 80 Max Age at Maturity 70 Max Issue Age 0 (30 days) Minimum Issue Age 5 – 40 Years Policy Term
    50. 51. A market leading flexible product <ul><li>Around 80% of the insurance premium is generated through ULIP sales.* </li></ul><ul><li>The market is moving towards low charge products, What would your customer like more? </li></ul><ul><ul><li>High Charges- Limited flexibility </li></ul></ul><ul><ul><li>Lower Charges –More flexibility. </li></ul></ul><ul><li>Would you prefer a higher minimum premium with unlimited sales or a lower minimum premium with limited sales? </li></ul><ul><li>Why more sales ? </li></ul><ul><li>With a WIN- WIN Plan like this, do you want your customer to invest with competition? </li></ul>*source IRDA website <ul><ul><li>Low Charges </li></ul></ul><ul><ul><li>High Flexibility </li></ul></ul><ul><ul><li>Limited Sales </li></ul></ul><ul><ul><li>Higher Sales </li></ul></ul><ul><ul><li>Under One PLAN! </li></ul></ul>
    51. 52. A market leading flexible product <ul><li>Only insurance plan in the market to offer 7 fund options to cater to customers with varied risk appetite </li></ul><ul><li>Introducing Large Cap equity fund </li></ul><ul><li>Offers Capital Guarantee Fund </li></ul><ul><li>Offers IRR higher than Top Competitors in the industry </li></ul><ul><li>One of the best plans to offer FV + Guaranteed maturity Bonus </li></ul><ul><li>How long will your customer prefer paying ….so here we have </li></ul><ul><li>Limited premium paying term (minimum 3 years) </li></ul><ul><ul><li>Sell SP Rs 25000 & earn 2% </li></ul></ul><ul><ul><li>Sell IA Flexi Rs 25000- with PPT of 3 yrs – earn 7.5% </li></ul></ul>Remember… Monthly production bonus- 5% of FYC for minimum 2 cases for an FYC Slab of Rs. 4,000 and above for Advisors and Rs. 2,000 and above for NLA’s Remember… Annual production bonus- 5% of FYC for an FYC Slab of Rs. 50,000 and above for Advisors.
    52. 53. IA 2 Vs IA Flexi A Client Wants… A 7 Year Policy A 9 Year Policy A 11 Year Policy A 17 Year Policy Oh! They Can’t! Assumptions 15 Year policy Equity Fund Min SA of Rs 1,87,500 Aged 30 Annual Premium FMC 1.75% Premium Allocation Charge 40% Rs 25,000 Rs 10,000 Growth @10% Rs 15,501 Rs 268 Policy Admin Flat Rate Rs 456 Mortality As Per Chart Rs 227 Invest Assure 2 Rs 25,000 4,500 Rs 21,110 Rs 250 Rs 900 Rs 219 Invest Assure Flexi Annual Premium FMC 1.20% Premium Allocation Charge 18% Growth @10% Policy Admin Flat Rate Mortality As Per Chart 36.18% more in year 1!
    53. 54. What’s in it for EVERYONE? Lower Charges More Invested Fund Choice Fund Mgt Bigger Volumes More Customers Increased M. Share Increased Case Size Increased Sales More Customers More Cases Easier Convention More Income! WIN WIN WIN Ease of Sale Flagship Product Business Company Customer You
    54. 55. Positioning ULIP offerings from TALIC InvestAssure Gold InvestAssure Plus InvestAssure Future InvestAssure Flexi 1 2 ULIPS offerings 3 4
    55. 56. Positioning ULIP offerings from TALIC InvestAssure Gold InvestAssure Plus InvestAssure Future InvestAssure Flexi 1 2 3 4 Ideal offering for customers looking for investment & flexibility with lower charges Ideal offering for customers looking for an income in retirement Ideal for customers looking for a one time investment Ideal offering for customers looking for a Whole of Life Investment
    56. 57. Summary <ul><li>In this session, we have touched upon: </li></ul><ul><ul><li>The need for a Unit Linked Insurance Plan. </li></ul></ul><ul><ul><li>The various ULIP offerings of Tata AIG Life. </li></ul></ul><ul><ul><li>The Features and Benefits of InvestAssure Flexi and InvestAssure Future. </li></ul></ul><ul><ul><li>Positioning the Various InvestAssure Plans. </li></ul></ul>
    57. 58. Prepare for a bright and shining Future
    58. 59. What does the future have in store? <ul><li>What do people want to do when they retire? </li></ul><ul><li>Retirement is a time to… </li></ul><ul><ul><li>Relax after 35- 40 years of hard work. </li></ul></ul><ul><ul><ul><li>Be with your partner </li></ul></ul></ul><ul><ul><ul><li>Play with grandchildren. </li></ul></ul></ul><ul><ul><ul><li>Meet up with old friends. </li></ul></ul></ul><ul><ul><ul><li>Travel </li></ul></ul></ul>You need enough money to be able to do all this! BUT
    59. 60. Consequences of not planning? <ul><li>Dependence on your children or relatives for money </li></ul><ul><li>Working to earn money even after retirement. </li></ul><ul><li>Your Dreams would not be achieved </li></ul>Would you like this sort of retired life?
    60. 61. The Hard Facts <ul><li>Life expectancy of people has increased to 64, as per the 2001 census. </li></ul><ul><li>People aged 60 today are expected to live till age 75* </li></ul><ul><li>So, people need to save a sufficient amount of money to provide for atleast 15 to 17 years after retirement. </li></ul>Life Expectancy is on the rise Are you prepared? Are your customers? 96% of Indians have inadequate provision
    61. 62. What do people depend on for retirement? <ul><li>Provident Fund </li></ul><ul><li>Public Provident Fund </li></ul><ul><li>Superannuation </li></ul><ul><li>Gratuity </li></ul><ul><li>Traditional Life Insurance- Savings & Pension Plans </li></ul>Group Individual Pension
    62. 63. Impact of inflation <ul><li>The following table shows the impact of inflation on the purchasing power of money </li></ul>Figures are percentage by which a particular inflation rate will reduce the value of money in the indicated number of years. Given this situation, investing in traditional sources is not enough -98% -91% -76% -61% 10% -95% -85% -68% -54% 8% -90% -77% -58% -44% 6% -81% -62% -44% -32% 4% -55% -39% -26% -18% 2% 40 years 25 years 15 years 10 years Inflation Rate
    63. 64. InvestAssure Future at a glance No Under Writing Immediate Issue At Point Of Sale No Life Cover This Unit linked Pension plan has unique feature of NO LIFE COVER Premium Multiple Option I: Single Premium Option II: Regular Premium Annual/Semi-annual/Quarterly/Monthly Premium Mode Option I (Single Premium): Rs.25,000/- p.a. Option II (Regular Premium): Rs.10,000/-p.a. Premium to be chosen to be a multiple of Rs.100/-. Minimum Premium Option I: Single Premium Option II: Regular Premium Policy term or multiple of 5 from 10 years onwards. Premium Payment Period Option I (Single Premium) : 5 - 35 Years Option II (Regular Premium): : 10-35 Years Policy Term 75 years Max Age at Maturity 45 years Minimum Vesting Age Option I (Single Premium) : 70 years Option II (Regular Premium): 65 years Max Issue Age 18 years Minimum Issue Age Unit Linked Pension Plan Plan Type
    64. 65. How does InvestAssure Future Work? Advisor recommends the appropriate premium payment option as per customer needs identified. Advisor can recommend both options through 2 separate plans Advisor recommends the correct policy term for achievement of customer needs. 1 Single Premium Atleast Rs. 25,000 1 5- 35 years Max issue age- 70 years 1 2 Regular Premium Atleast Rs. 10,000 p.a. 2 10 – 35 years Max issue age 65 years 2
    65. 66. How does InvestAssure Future Work? Advisor recommends the appropriate fund for investment, based on customers risk appetite. Customer gets started on the plan by paying the premiums Future Equity Pension Fund Future Capital Guarantee Pension Fund* Future Growth Pension Fund Future Balanced Pension Fund Future Income Pension Fund * Please note- the Future Capital Guarantee Pension Fund is available only for a Premium Payment term of 15 years or more in case of Regular Premium Option. 3 4
    66. 67. How it works Top-ups can be made at anytime during Policy term, maximum upto 4 times a year. Minimum Rs. 5,000 Customer pays a single premium or the regular premium for the chosen vesting age On Maturity, Total Fund Value (FV) (i.e. Single/Regular premium FV+ Top up Prem FV) plus Guaranteed Bonus are paid In case of death, Total Fund Value (FV) (i.e. Single/Regular premium FV+ Top up Prem FV) plus Guaranteed Bonus are paid <ul><li>For Future Capital Guarantee Pension Fund , the maturity value is higher of : </li></ul><ul><ul><li>a) Value of Future Capital Guarantee Pension Fund* </li></ul></ul><ul><ul><li>Total premium received towards capital guarantee fund* </li></ul></ul><ul><ul><li>Plus guaranteed bonus. </li></ul></ul><ul><li>* Subject to applicable rules </li></ul>There can be Commutation * up to 33% and annuitisation 67% with open market option. * This is mandatory in case of maturity while in case of death, the nominee has an option to use death benefit partially or entirely to purchase an annuity. Purchase Of Policy
    67. 68. Top up premiums <ul><li>The customer can make top ups anytime during the period. </li></ul><ul><li>Minimum Top-Up Premium is Rs.5, 000/- and will be allowed a maximum four times a year. </li></ul><ul><li>Top-Up premiums can be allocated in any proportion as advised. </li></ul><ul><li>Top-up can not be made in Future Capital Guarantee pension fund. </li></ul>
    68. 69. Premium Holiday <ul><li>The customer can avail of premium holiday option after paying at least 3 annual payments. </li></ul><ul><li>Premium Holiday is applicable for 2 years. (The period for revival) </li></ul><ul><li>After 2 years, the premium holiday can be continued on the request of the policyholder* </li></ul><ul><li>If the policyholder does not explicitly want continuation of the Premium Holiday, the policy is deemed to be surrendered (i.e. as a default option). </li></ul><ul><li>During this period the monthly administration charge will be deducted from the Fund. </li></ul>* The fund value should have an amount such that the surrender value does not fall below one annual premium. You can temporarily stop paying premiums should you need. Your policy will not lapse!
    69. 70. Discontinuance of premiums within 3 years <ul><li>The policy can be revived any time during the revival period of 2-years subject to fulfilling company’s revival conditions. </li></ul><ul><li>If the policyholder does not revive the policy during revival period, the policy shall be terminated. </li></ul><ul><li>The total fund value after deducting applicable surrender charges as on date, shall be paid at end of the 3rd year or at the end of revival period whichever is later. </li></ul><ul><li>Till the time of surrender, the policy account value will remain within the fund. </li></ul>
    70. 71. Fund Switching <ul><li>The policyholder can switch from one fund to another to take advantage of a better performing fund or to book profits. </li></ul><ul><li>Switching into the Future Capital Guarantee Pension Fund is not allowed, </li></ul><ul><li>Switches can be made out of Future Capital Guarantee Pension Fund with a proportionate reduction in the guarantee. </li></ul><ul><li>Guarantee will apply only in respect of those premiums that remain in the Future Capital Guarantee pension Fund till the maturity. </li></ul><ul><li>First twelve switches in each policy year are free. </li></ul>Make tax free capital gains through switches! WOW!!!
    71. 72. Premium Redirection <ul><li>Is allowed for future regular premium(s) (the total allocation to the funds should be 100%) </li></ul><ul><li>However, premium allocation towards the Future Capital Guarantee pension Fund cannot be altered. </li></ul><ul><li>No premium re-direction charge applicable. </li></ul>
    72. 73. Guaranteed Bonus <ul><li>This plan offers a guaranteed bonus on maturity or death. </li></ul><ul><li>The bonus is payable on the single/ regular premium account only (not on the top-up account) </li></ul>**One complete Premium Year refers to a complete 12-months period for which Regular Premiums have actually been paid, excluding any period of Premium Holiday. 7.0% 30-35 6.0% 20-29 4.5% 15-19 3.0% 10-14 0% Less than 10 Bonus (% of Regular or Single premium Fund Value) Policy Year (for Single Premium Option) or Number of complete Premium years** (for Regular Premium Option)
    73. 74. Maturity Benefit <ul><li>On maturity, the following benefits are payable: </li></ul>* Provided the premium remains within the Future capital guarantee Pension fund throughout the term of the policy. This guarantee will be applicable only if all due premiums have been paid. The guarantee will not apply on premiums allocated towards other funds. Further, guarantee will also not apply on death during the policy term/ Surrender. Single / Regular Premium Account Value and Top-Up Account Value valued at Unit price at date of Maturity plus Guaranteed Bonus <ul><li>For Future Capital Guarantee Pension Fund benefit will be higher of: </li></ul><ul><ul><li>a) Value of Future Capital Guarantee Pension Fund </li></ul></ul><ul><ul><li>Total premium received towards capital guarantee fund* </li></ul></ul><ul><ul><li>Plus Guaranteed bonus </li></ul></ul>There will be Commutation up to 33% and annuitisation 67% with open market option. Get lumpsum on maturity + Get pension for life! WOW!!! Maturity Benefits
    74. 75. Death Benefit & Surrender <ul><li>In case of death, Total Fund Value (i.e. Single/Regular prem FV+ Top up Prem FV) plus Guaranteed Bonus will be paid to the nominee. </li></ul><ul><li>Surrender can be made anytime after completion of three policy years. </li></ul><ul><li>Surrender Value is Single / Regular Premium Account Value less applicable Surrender Charges, if any plus Top-Up Account Value. </li></ul><ul><li>The entire policy terminates upon Surrender. </li></ul><ul><li>Surrender charges will be applied as a percentage of Single / Regular Premium Account Value. </li></ul><ul><li>In case of Future Capital Guarantee Pension Fund, the return of premium guarantee will not be applicable on surrender. </li></ul>
    75. 76. Charges
    76. 77. Charges- Premium Allocation Premium Allocation Charges Option I: Single Premium Option II: Regular Premium Top – up Premium Allocation Charge 1.5% of Single Top-Up Premium 2.00% 1,00,00,000 & above 3.00% 5,00,000 to 99,99,999 4.00% 1,00,000 to 4,99,999 6.00% 25,000 to 99,999 Premium allocation charges Premium Slab 0% 6 yr onwards 3% 3-5 12% 2 15% for premium <50 k; 13% for premium >=50k 1 Premium allocation charges Premium Year
    77. 78. Charges- Surrender Option 1 Single Premium Surrender is not allowed in first 3-policy year. There are no surrender charges payables after completion of such period. Option 2 Regular Premium On Top-up Premium Account there are no Surrender charges payable . 0% 7 + 10% 6 20% 5 30% 4 Not allowed 3 Not allowed 2 Not allowed 1 Surrender Charges Premium year
    78. 79. Charges- Policy Administration & Switching Policy Administration Charge: Option 1: Single Premium Rs.25/- on a monthly basis in the first year and then may increase subject to a maximum of 5%p.a. Policy Administration Charge: Option 2: Regular Premium Rs.55/- on a monthly basis in the first year and then may increase subject to a maximum of 5%p.a. Fund Switching Charges There are 12 free switches per policy year. Thereafter a switching charge of Rs.100/- per switch will be applicable . The fund switching charge may be revised as deemed appropriate by the Company, but shall not exceed Rs.250.
    79. 80. Charges- Fund Management Charge 1.00 % Future Income Pension Fund 1.05 % Future Balanced pension Fund 1.10 % Future Growth Pension Fund 1.50 % Future Capital Guarantee pension Fund 1.25 % Future Equity Pension Fund Charges p.a. Fund
    80. 81. Features, How it works and Benefits (FHB) * Switch in Capital guarantee fund is not allowed. <ul><li>You can invest more money to give your account value a better chance to grow faster. </li></ul><ul><li>You can put windfall gains to good use to create an asset for your loved ones. </li></ul><ul><li>Gives the flexibility to Invest additional money in the plan over. </li></ul>Top up option. <ul><li>You can use the appropriate fund(s) to invest for your specific needs. </li></ul><ul><li>You can hedge your investments against the ups and downs in the market. </li></ul><ul><li>You can switch between various funds to take advantage of the ups and downs of the market.* </li></ul><ul><li>Customer can choose the fund or combination of funds according to his risk appetite. </li></ul><ul><li>5 funds to select from: </li></ul><ul><li>Future Equity Pension Fund </li></ul><ul><li>Future Capital Guarantee pension Fund </li></ul><ul><li>Future Growth Pension Fund </li></ul><ul><li>Future Balanced pension Fund </li></ul><ul><li>Future Income Pension Fund </li></ul><ul><li>Your investment for your future/ your child’s future is protected. </li></ul><ul><li>The customer is guaranteed a return of premiums paid towards the Future Capital Guarantee Pension Fund, if the fund value is not able to grow as expected. </li></ul>Future Capital Guarantee Fund Option B H F
    81. 82. Features, How it works and Benefits (FHB) <ul><li>You get more money to make your dreams come true. </li></ul><ul><li>A percentage of the account value is paid on maturity or death, depending on the number of regular premiums paid in case of Regular Premium or Policy year in case of Single Premium. </li></ul>Eligible for a Guaranteed bonus <ul><li>If you are temporarily unable to pay premiums, you can put the policy on a premium holiday. </li></ul><ul><li>Your policy does not lapse. You can continue to create a corpus for your loved ones. </li></ul><ul><li>You can continue premium payments after the premium holiday to grow your fund value. </li></ul><ul><li>Gives the customer the option to temporarily stop paying premiums if he is unable to do so. </li></ul>Premium Holiday option B H F
    82. 83. Around InvestAssure Future 5 Funds: Future Equity Pension / Future Growth pension / Future Balanced Pension / Future Income Pension/ Future Capital Guarantee Pension fund Pension with Profits Fund 3 ULIP Funds : Pension Secure / Pension Growth / Pension Balanced 100% of funds can be invested in Pension with Profit Fund or Money can be allocated with min 10% in each of the 3 funds 6 Funds - Liquid Fund / Secure Managed Fund / Defensive Managed Fund / Balanced Managed Fund / Equity Managed Fund / Growth Fund 4 Funds - 1). Growth Fund 2). Balanced Fund 3). Secured Fund 4). Bond Fund. There are Four Funds to choose from - 1)Pension Maximiser 2) Pension Balancer 3)Pension Protector 4) Pension Preserver Fund Options 4 free switches per year ,on every additional switch rs 250 as switching charges 2 switches are free of charge, for every additional 0.5% of the amount switched , subject ot a max of Rs 500 per switch Switching charges of Rs. 100/- per switch after 24 free switch in the year 4 free switch is available for every policy year.Rs. 100/- for addl. Switch 4 free switch every year. Switch can be made during deferment period with a min amount per switch to rs 2000, after 4 swithes Rs 100 per switch deducted from accumulated units Switches 75 70 75 75 75 Maximum Pension Start Date 45 40 50 40 45 Minimum Pension Start Date Zero life cover Zero Life cover Zero life cover Min - 25,000 / Max - Equal to SP Zero Sum Assured Amount 25,000 100,000/- 25,000/- 10000/- 25,000/- Minimum Investment 70 years 65 70 65 in case of Life cover / 70 in case of No Life Cover 70 Maximum Age at Entry 18 18 18 18 18 Minimum Age at Entry IA Future SP ULIP Pension Plus SP UL Pension Plan Market Plus (SP Option) ICICI Pru LifeLink Super Pension (Single Premium) Product Name TALIC Aviva HDFC Std Life LIC ICICI Pru Company SINGLE PREMIUM ULIP PENSION PLAN COMPARISON
    83. 84. Around InvestAssure Future REGULAR PREMIUM ULIP PENSION PLAN COMPARISON 6 Funds - Liquid Fund / Secure Managed Fund/ Defensive Managed Fund / Balanced Managed Fund / Equity Managed Fund/ Growth Fund   No Rider options available. N/A Without life cover Min Vesting Age - 50 Max Vesting Age – 75 Min Annual Prem - 10,000/- Min - 10 yrs Max - 40 yrs Min Age - 18 Max Age - 65 ULIP Pension(RP) HDFC SL 4 funds - Pension Maximiser II/ Pension Balancer II / Pension Protector II/ Pension Preserver. Rider’s avl. – ADB / WOP. Max of annual premium multiplies by policy term or 100,000 /- Both options avl (With / Without Life Cover) Min - 45 years Max – 75 years Rs. 10,000/- annually; 5000 half yearly; 834 monthly/- Min 10 years Min - 18 years Max - 65 years Life time Super pension(RP) I-Pru 5 Funds: Future Equity Pension / Future Growth pension / Future Balanced Pension / Future Income Pension/ Future Capital Guarantee Pension fund Pension with Profits Fund Pension Growth Fund / Pension Secure Fund /Pension Balance Fund 4 , Bond Fund / Secured Fund / Balanced Fund / Growth Fund Fund options No rider options available No options ADB rider, equal to Life Cover, sub to min 25,000 and max 50 lakhs. Rider Option N/A N/A Min SA - Rs. 50,000 Max SA - 20 times Annual Prem Min & Max SA Without life cover Without life cover Both options (with /without life cover)available Life Cover Option- With / Without Life Cover Min - 45 years Max - 75 years Min 40years; max 70 years Min Vesting Age - 40 Max Vest Age – 75 Vesting Period RP - 10,000 Annual- 6,000/- for RP; 1Lakh for Single premium Annual - 5,000/- Min Prem Term: RP - 10yrs -35 or term/2 Min5 ; max upto vesting age chosen Min 5 years Term RP Min Age-18 Max age - 65 Min Age 18 year- Max Age:65 Min Age - 18 Max Age - 70(with life cover 65) Issue Age InvestAssure Future Pension Plus (RP) Market Plus (RP) Plan Name TALIC Aviva LIC Part
    84. 85. InvestAssure Future at a glance This Unit linked Pension plan has unique feature of No life cover Premium Multiple Option I: Single Premium Option II: Regular Premium Annual/Semi-annual/Quarterly/Monthly Premium Mode Option I: Rs.25,000/- p.a. Option II: Rs.10,000/-p.a. Premium should be chosen to be a multiple of Rs.100/-. Minimum Premium Option I: Single Premium Option II: Regular Premium Policy term or multiple of 5 from 10 years onwards. Premium Payment Period Option I: 5 - 35 Years Option II: 10-35 Years Policy Term 75 years Max Age at Maturity 45 years Minimum Vesting Age Option I: 70 years Option II: 65 years Option I is Single Premium and Option II is Regular Premium Max Issue Age 18 years Minimum Issue Age Unit Linked Pension Plan Plan Type
    85. 86. Review And then the test!
    86. 87. And Now The Test! Thank You !

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