5. Fixed S.A. + Fund Value and Policy terminates On Vesting Fund Value + Bumper Addition * NEW Vesting Date Up to 1/3 rd of total benefit (FV+BA if any ) Open Market Option (one can buy Annuity from us or any other Insurer) Death Premium Pension Payout * Condition Apply
6. Features of the Plan : Maximum No Specific Max.Ann.Premium 15000/- (Yly) 8000/- (H.Yly) 2000/- (Mly) Premium Rs.1000/- Rs.1000/- S.A 75 50 Vesting Age 40 10 Term 65 lbd 18 lbd Entry Age Minimum
7. Advantages of the Plan : A . Fund Option : Liquid Fund II Stable Managed Fund II Secure Managed Fund II Defensive Managed Fund II Balance Managed Fund II Equity Managed Fund II Growth Fund II STO Allowed AAO Allowed OR
8. Asset Allocation Option (AAO) : Cautious Moderate Aggressive 9 years before Vesting Date, Fund from Equity Managed Fund II being switched to Secure Managed Fund II & 6 Years before Vesting Date it is being switched to Stable Managed Fund II 7 years before Vesting Date, Fund from Equity Managed Fund II being switched to Secure Managed Fund II & 3 Years before Vesting Date it is being switched to Stable Managed Fund II 6 years before Vesting Date, Fund from Growth Fund II being switched to Secure Managed Fund II & 3 Years before Vesting Date it is being switched to Stable Managed Fund II
9. B. Fund Switch : 24 switches free per policy year, then Rs. 100/- per switch C. Redirections : 12 redirections free per policy year, then Rs.250/- per redirection D. Top-up : Minimum : Rs. 10.000/- Maximum : No Limit * Condition – All regular Premium to date have been paid E. Partial Withdrawal : No Partial Withdrawal F. Policy Servicing : 6 policy servicing free per policy year, then Rs.250/- per servicing G. OUT STATION Cheque is accepted with a charge of Rs.250/-
10. Benefits of the Plan : Vesting Benefit : - Fund Value + Bumper Addition ( * 50% for 10 years Term 100% for 11+Years Term) & Condition Apply - You Can take up to 1/3 rd of Total Benefit at vesting as Tax Free Cash lump sum and rest must be converted to an Annuity. - You can buy the Annuity from us or any other Insurer Death Benefit : Fixed Sum Assured (Rs.1,000/-) + Fund Value
11. Premium Allocation Rate For Yearly & Half Yearly 97% 96% 94% 92% 20,00,000 + 97% 95% 90% 90% 5,00,000 to 19,99,999 97% 95% 90% 87.5% 2,00,000 to 4,99,999 95% 3 rd Year 90% 2nd Year 97% 4 th Year Onward 85% 15,000 to 1,99,999 1 st Year Regular Premium
12. For Monthly Policy Administration Charges : Rs.50/- Per month. Further will increase 5% on every policy year Fund Management Charges: 1.25 % per annum 97% 96% 89% 87% 20,00,000 + 97% 95% 85% 85% 5,00,000 to 19,99,999 97% 95% 85% 82.50% 2,00,000 to 4,99,999 95% 3 rd Year 85% 2nd Year 97% 4 th Year Onward 80% 15,000 to 1,99,999 1 st Year Regular Premium
13. Surrender Benefit : No Surrender Charge will be levied for any policy, surrendered after 5 th Policy Anniversary Tax Benefits : Sec 80CCC NIL 0 15% of F.V 1 30% of F.V 2 50% of F.V 3 95% of F.V 4 Surrender Charge No.of Original Annualised Regular Premiums not paid in Ist 5 years
