The Bharti AXA Life Bright Stars plan is a unit-linked child plan that provides life insurance protection and helps build wealth for important future goals like a child's education or marriage. At maturity, it offers the policy fund value as well as an additional lump sum "Jumpstart Benefit" equal to 5% of average monthly policy fund values. Policyholders can choose their premium amount and benefit period, select riders for additional protection, and invest their premiums across four investment funds depending on their risk tolerance and return expectations.
The document discusses the Bharti AXA Life Bright Stars child plan which aims to provide financial security for a child's future goals. The key features include:
1. A life insurance benefit that pays a sum assured of 5-10 times the annual premium in case of death.
2. At maturity, the policyholder receives the policy fund value plus an additional 5% "jumpstart benefit" to help achieve future goals.
3. Policyholders can choose from 4 investment funds to invest premiums and switch funds over time based on risk appetite.
As part of our Investor education initiative, HDFC MF has sponsored a booklet on 'Plan Your Child's Education' which was printed and published with the current issue (December 30, 2013) of Outlook magazine.
This document discusses strategies for planning and funding a child's education. It recommends starting a recurring deposit account early and consistently saving to build funds for higher education costs. It also recommends investing in a child education policy, which is a life insurance product that saves and provides funds for college. The document outlines the features and types of child education policies, including endowment policies and ULIPs, and factors to consider when selecting the best policy like affordability, returns, and benefits. It provides tips for analyzing policies and choosing one that suits the child's goals.
Birla Sun Life Insurance Platinum Plus Plan is a unit-linked insurance plan with a 10-year term. Premiums are paid annually, semi-annually, quarterly, or monthly for 3 years. The minimum sum assured is 5 times the annual premium. The plan allocates premiums to the Platinum Plus Fund III which invests in equities, debt, and derivatives. It guarantees the highest unit price recorded between May 15, 2009 to August 16, 2016 will be used to calculate the minimum value of units at maturity. The plan provides death and maturity benefits based on fund value, which is not guaranteed.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility including multiple funds and switching options. The plan has both investment risks and potential returns depending on market performance.
The document discusses the Birla Sun Life Insurance Guaranteed Bachat Plan, which encourages regular saving with guaranteed returns and opportunities to earn more. Key features include:
- Guaranteed maturity benefit that is higher for younger ages and longer terms. At maturity, you receive this guaranteed amount plus any accumulated survival benefits.
- Survival benefits earned annually from year 3 onward that can be withdrawn or used to offset premiums. The rate is linked to G-Sec rates with partial protection on downside.
- Increasing life cover where the amount increases each year by the annual premium, providing greater protection over time.
- Options for early exit or preponing maturity with adjustments made to guaranteed
This document discusses the benefits of Prudential's LTC3SM Guaranteed Purchase Option (GPO) for long-term care insurance. It notes that purchasing a policy with GPO at ages 40 and 50 provides better benefits and lower premiums compared to purchasing at age 62. It provides an example showing how premiums and benefits would increase over time for a policy purchased at age 40 with GPO compared to purchasing at age 61. The document aims to help financial professionals explain to clients how GPO can protect their retirement plans by making long-term care insurance more affordable and comprehensive when purchased earlier.
ICICI Prudential Life Insurance provides various insurance plans, including money back policies and ICICI Pru Cash Advantage. The money back policy provides life coverage and maturity benefits paid out over 20-25 years. ICICI Pru Cash Advantage offers guaranteed monthly cash benefits during the payout period, guaranteed maturity benefits, life coverage, and limited premium payment periods of 5-10 years. It works by calculating guaranteed cash and maturity benefits based on factors like premiums, sum assured, age, and gender. Benefits include death and maturity payouts, with loans and revival options also available under certain conditions.
The document discusses the Bharti AXA Life Bright Stars child plan which aims to provide financial security for a child's future goals. The key features include:
1. A life insurance benefit that pays a sum assured of 5-10 times the annual premium in case of death.
2. At maturity, the policyholder receives the policy fund value plus an additional 5% "jumpstart benefit" to help achieve future goals.
3. Policyholders can choose from 4 investment funds to invest premiums and switch funds over time based on risk appetite.
As part of our Investor education initiative, HDFC MF has sponsored a booklet on 'Plan Your Child's Education' which was printed and published with the current issue (December 30, 2013) of Outlook magazine.
This document discusses strategies for planning and funding a child's education. It recommends starting a recurring deposit account early and consistently saving to build funds for higher education costs. It also recommends investing in a child education policy, which is a life insurance product that saves and provides funds for college. The document outlines the features and types of child education policies, including endowment policies and ULIPs, and factors to consider when selecting the best policy like affordability, returns, and benefits. It provides tips for analyzing policies and choosing one that suits the child's goals.
Birla Sun Life Insurance Platinum Plus Plan is a unit-linked insurance plan with a 10-year term. Premiums are paid annually, semi-annually, quarterly, or monthly for 3 years. The minimum sum assured is 5 times the annual premium. The plan allocates premiums to the Platinum Plus Fund III which invests in equities, debt, and derivatives. It guarantees the highest unit price recorded between May 15, 2009 to August 16, 2016 will be used to calculate the minimum value of units at maturity. The plan provides death and maturity benefits based on fund value, which is not guaranteed.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility including multiple funds and switching options. The plan has both investment risks and potential returns depending on market performance.
The document discusses the Birla Sun Life Insurance Guaranteed Bachat Plan, which encourages regular saving with guaranteed returns and opportunities to earn more. Key features include:
- Guaranteed maturity benefit that is higher for younger ages and longer terms. At maturity, you receive this guaranteed amount plus any accumulated survival benefits.
- Survival benefits earned annually from year 3 onward that can be withdrawn or used to offset premiums. The rate is linked to G-Sec rates with partial protection on downside.
- Increasing life cover where the amount increases each year by the annual premium, providing greater protection over time.
- Options for early exit or preponing maturity with adjustments made to guaranteed
This document discusses the benefits of Prudential's LTC3SM Guaranteed Purchase Option (GPO) for long-term care insurance. It notes that purchasing a policy with GPO at ages 40 and 50 provides better benefits and lower premiums compared to purchasing at age 62. It provides an example showing how premiums and benefits would increase over time for a policy purchased at age 40 with GPO compared to purchasing at age 61. The document aims to help financial professionals explain to clients how GPO can protect their retirement plans by making long-term care insurance more affordable and comprehensive when purchased earlier.
ICICI Prudential Life Insurance provides various insurance plans, including money back policies and ICICI Pru Cash Advantage. The money back policy provides life coverage and maturity benefits paid out over 20-25 years. ICICI Pru Cash Advantage offers guaranteed monthly cash benefits during the payout period, guaranteed maturity benefits, life coverage, and limited premium payment periods of 5-10 years. It works by calculating guaranteed cash and maturity benefits based on factors like premiums, sum assured, age, and gender. Benefits include death and maturity payouts, with loans and revival options also available under certain conditions.
The document discusses Birla Sun Life Insurance and provides information about the company. It acknowledges the guidance received for the project report. It then discusses the fundamental principles of insurance such as indemnity, utmost good faith, insurable interest, and others. Finally, it provides details about Birla Sun Life Insurance such as its vision, mission and values, company profile, products offered and funds managed.
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
Birla sun-life-insurance-product-portfolio-project-reportHardeep Malik
This document provides a summer training project report on studying the product portfolio of Birla Sun Life Insurance Co. Ltd. It includes an introduction to insurance concepts, the objectives of studying Birla Sun Life's plans, a description of the company's vision, mission and values, an overview of their products including Flexi Plans, Classic Life Premier, Gold Plus II, Supreme Life and Platinum Plus plans, and conclusions and recommendations from the study. Key information on Birla Sun Life's funds is also presented. The document contains acknowledgments and is submitted in partial fulfillment of requirements for a Bachelor's degree in Business Administration.
This document provides a 3-page summary of a student's summer internship report for Aditya Birla Capital on studying the investment habits of individual Indian investors. It includes a declaration by the student, Arnab Sahoo, an executive summary of the 8-week internship analyzing survey data and client meetings, and an acknowledgements section thanking those who supported the project. The table of contents previews that the report will cover the insurance industry and company profiles, product summaries, analysis of investment habits through surveys and case studies, and conclusions/recommendations.
The document summarizes a student's organizational project on investor preferences for Birla Sun Life insurance products. The student conducted a survey of 120 potential investors in Thrissur District, India to study their preferences for different investment options and Birla Sun Life plans. The survey found that respondents prefer bank fixed deposits and real estate as top investment options due to security and returns. Insurance was also a preferred option. Birla Sun Life's Saral Health and Dream Child plans were most popular. Through the project, the student contributed to Birla Sun Life by selling 4 insurance policies worth Rs. 756,176 and earning an incentive of Rs. 9,750.
The document introduces PaySavers, a new savings product from AXA. It notes that Malaysians typically start saving for retirement around age 46, often triggered by major life events like marriage or childbirth. PaySavers is designed to reward customers as they build their savings fund over 15-20 years. It provides guaranteed annual income payments after the savings period, as well as lump sums at maturity, to enhance retirement savings. Customers can choose to invest their payouts in professionally managed funds. The product aims to meet changing financial needs at different life stages.
This document summarizes Amit Das's six-week industry training project report on the insurance industry and Birla Sun Life Insurance. The report discusses the history of insurance, provides an introduction to different types of insurance policies, and explains how insurance works through risk pooling and premium payments. It also introduces Birla Sun Life Insurance, including key leadership, competitors, and a SWOT analysis. The report details Birla Sun Life's sales procedures and various insurance products and plans offered. The summary concludes with Amit Das gaining insight into the insurance world and comprehensive insurance options currently available in the market through the training experience.
The document summarizes Amit Das's six-week industry training project at Birla Sun Life Insurance. It includes an introduction to the insurance industry, an overview of the training experience, and appendices that provide details of the project scope, bonafide certificate, and acknowledgements. The training provided insight into the insurance world and covered various Birla Sun Life insurance plans and their features. It concluded with the author gaining knowledge of the insurance sales procedure and pioneering features of Birla Sun Life Insurance.
- SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% stake and BNP Paribas Cardif owns the remaining 26%.
- The document describes 5 products offered by SBI Life Insurance - SBI Life-Smart Shield (term insurance), SBI Life - Grameen Bima (micro insurance), SBI Life - Shubh Nivesh (endowment plan), SBI Life - Saral Pension (pension plan), and SBI Life - Smart Guaranteed Savings Plan (savings plan). It provides details on the key features, benefits, and terms of each plan.
This document provides information about an internship at Birla Sun Life Insurance. It includes details about the company such as it being a joint venture established in 2000 that ranks among the top 7 private insurers in India. The internship objectives were to study individual investors, the life insurance industry, competitors, and conduct a market survey. It also discusses findings from the survey such as most investors using multiple information sources and preferring short-term investments. The internship provided learning around insurance products and challenges included uncooperative respondents.
Padma Islami Life Insurance Ltd offers various Shariah-compliant life insurance products in Bangladesh, including term life insurance, marriage insurance, Hajj/Umrah insurance, and pension plans. It engages in key business operations like rate making, underwriting, sales and marketing, claims settlement, and reinsurance. Underwriting involves assessing risk factors like the type, age, finances, safety practices, and financial condition of potential customers. Claims settlement requires investigating reported losses, reviewing policies, evaluating damage, and making payment decisions. Reinsurance allows insurance companies to transfer some financial risk to other reinsurers.
Allianz Life North America – Rethinking What’s Ahead in RetirementOpen Knowledge
In this analysis of the United States’ retirement landscape, Gary C. Bhojwani, chairman of Allianz Life Insurance Company of North America and member of the Board of Management, Allianz SE, Insurance USA, traces the evolution of retirement over the past 70 years and identifies a decisive shift in the financial mindset of all Americans from accumulation of assets to a focus on lifetime income and guarantees. Emphasizing that annuities are set to play a vital role, he highlights the opportunities presented by insured retirement solutions and suggests the demand for guaranteed lifetime income will only grow in coming years.
The document summarizes a five-year global program launched in 2010 to strengthen existing academic institutions and think tanks in monitoring and evaluation (M&E) and results-based management (RBM) capacity development for governments and civil societies. The program is funded by bilateral and multilateral donors and housed within the Independent Evaluation Group of the World Bank. In the first two years, centers were selected in Africa, South Asia, and China to provide regional M&E training, knowledge services, and advisory support. Going forward the program aims to select centers in Francophone Africa and Latin America while the existing centers begin implementation and annual global forums are held to facilitate peer learning among participants.
The document summarizes a report on the World Bank's involvement in Global and Regional Partnership Programs (GRPPs). It finds that while the Bank plays an important role in GRPPs, it is not a major source of funding. Most GRPPs focus on knowledge sharing and technical assistance. There are challenges to evaluating GRPPs due to their diverse structures, evolving nature, and operations at multiple levels. Most GRPPs have been evaluated, but transparency around evaluations could be improved. Evaluations of GRPPs have generally found independence and quality to be satisfactory, and have led programs to make governance and strategic changes.
This document summarizes the Community Services, Women and Youths Employment (CSWYE) Project of SURE-P in Nigeria. The project aims to generate quick employment by targeting unemployed women, youth, and vulnerable people through community-based work. Key results include engaging over 116,000 beneficiaries across 35 states in 5,761 services. What has worked well includes a community needs-based targeting mechanism, paying individuals directly into bank accounts via an electronic payment system, maintaining computerized records, and coordinating implementation between multiple government agencies. The project aims to continuously learn and improve through monitoring evaluations, stakeholder feedback, and learning from other similar projects.
The document provides information about the Osun Youth Empowerment Scheme (OYES) in Osun State, Nigeria. It discusses that OYES aims to empower youth by equipping them with work ethics and skills to make them employable. It operates through deploying 20,000 youth corps members in 7 divisions like sanitation, teaching, and environmental work. The scheme faces challenges of sustainability and job placement, but has achieved a cleaner environment, local economic stimulus, and improved youth skills. Next steps include strengthening governance, monitoring, and expanding vocational training opportunities.
This is a presentation on Worldwide Financial Crisis made by Vinod Thomas, Director-General & Senior Vice President at the Independent Evaluation Group, World Bank. In the presentation, Mr. Thomas describes the reasons for the recent financial crisis, highlights the extent of damages, and discusses policy responses to the crisis.
Max Life Whole Life Super, a life insurance plan in which you
pay premiums for only a limited number of years and enjoy protection up to the age 100 years.
The document discusses Birla Sun Life Insurance and provides information about the company. It acknowledges the guidance received for the project report. It then discusses the fundamental principles of insurance such as indemnity, utmost good faith, insurable interest, and others. Finally, it provides details about Birla Sun Life Insurance such as its vision, mission and values, company profile, products offered and funds managed.
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
Birla sun-life-insurance-product-portfolio-project-reportHardeep Malik
This document provides a summer training project report on studying the product portfolio of Birla Sun Life Insurance Co. Ltd. It includes an introduction to insurance concepts, the objectives of studying Birla Sun Life's plans, a description of the company's vision, mission and values, an overview of their products including Flexi Plans, Classic Life Premier, Gold Plus II, Supreme Life and Platinum Plus plans, and conclusions and recommendations from the study. Key information on Birla Sun Life's funds is also presented. The document contains acknowledgments and is submitted in partial fulfillment of requirements for a Bachelor's degree in Business Administration.
This document provides a 3-page summary of a student's summer internship report for Aditya Birla Capital on studying the investment habits of individual Indian investors. It includes a declaration by the student, Arnab Sahoo, an executive summary of the 8-week internship analyzing survey data and client meetings, and an acknowledgements section thanking those who supported the project. The table of contents previews that the report will cover the insurance industry and company profiles, product summaries, analysis of investment habits through surveys and case studies, and conclusions/recommendations.
The document summarizes a student's organizational project on investor preferences for Birla Sun Life insurance products. The student conducted a survey of 120 potential investors in Thrissur District, India to study their preferences for different investment options and Birla Sun Life plans. The survey found that respondents prefer bank fixed deposits and real estate as top investment options due to security and returns. Insurance was also a preferred option. Birla Sun Life's Saral Health and Dream Child plans were most popular. Through the project, the student contributed to Birla Sun Life by selling 4 insurance policies worth Rs. 756,176 and earning an incentive of Rs. 9,750.
The document introduces PaySavers, a new savings product from AXA. It notes that Malaysians typically start saving for retirement around age 46, often triggered by major life events like marriage or childbirth. PaySavers is designed to reward customers as they build their savings fund over 15-20 years. It provides guaranteed annual income payments after the savings period, as well as lump sums at maturity, to enhance retirement savings. Customers can choose to invest their payouts in professionally managed funds. The product aims to meet changing financial needs at different life stages.
This document summarizes Amit Das's six-week industry training project report on the insurance industry and Birla Sun Life Insurance. The report discusses the history of insurance, provides an introduction to different types of insurance policies, and explains how insurance works through risk pooling and premium payments. It also introduces Birla Sun Life Insurance, including key leadership, competitors, and a SWOT analysis. The report details Birla Sun Life's sales procedures and various insurance products and plans offered. The summary concludes with Amit Das gaining insight into the insurance world and comprehensive insurance options currently available in the market through the training experience.
The document summarizes Amit Das's six-week industry training project at Birla Sun Life Insurance. It includes an introduction to the insurance industry, an overview of the training experience, and appendices that provide details of the project scope, bonafide certificate, and acknowledgements. The training provided insight into the insurance world and covered various Birla Sun Life insurance plans and their features. It concluded with the author gaining knowledge of the insurance sales procedure and pioneering features of Birla Sun Life Insurance.
- SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% stake and BNP Paribas Cardif owns the remaining 26%.
- The document describes 5 products offered by SBI Life Insurance - SBI Life-Smart Shield (term insurance), SBI Life - Grameen Bima (micro insurance), SBI Life - Shubh Nivesh (endowment plan), SBI Life - Saral Pension (pension plan), and SBI Life - Smart Guaranteed Savings Plan (savings plan). It provides details on the key features, benefits, and terms of each plan.
This document provides information about an internship at Birla Sun Life Insurance. It includes details about the company such as it being a joint venture established in 2000 that ranks among the top 7 private insurers in India. The internship objectives were to study individual investors, the life insurance industry, competitors, and conduct a market survey. It also discusses findings from the survey such as most investors using multiple information sources and preferring short-term investments. The internship provided learning around insurance products and challenges included uncooperative respondents.
Padma Islami Life Insurance Ltd offers various Shariah-compliant life insurance products in Bangladesh, including term life insurance, marriage insurance, Hajj/Umrah insurance, and pension plans. It engages in key business operations like rate making, underwriting, sales and marketing, claims settlement, and reinsurance. Underwriting involves assessing risk factors like the type, age, finances, safety practices, and financial condition of potential customers. Claims settlement requires investigating reported losses, reviewing policies, evaluating damage, and making payment decisions. Reinsurance allows insurance companies to transfer some financial risk to other reinsurers.
Allianz Life North America – Rethinking What’s Ahead in RetirementOpen Knowledge
In this analysis of the United States’ retirement landscape, Gary C. Bhojwani, chairman of Allianz Life Insurance Company of North America and member of the Board of Management, Allianz SE, Insurance USA, traces the evolution of retirement over the past 70 years and identifies a decisive shift in the financial mindset of all Americans from accumulation of assets to a focus on lifetime income and guarantees. Emphasizing that annuities are set to play a vital role, he highlights the opportunities presented by insured retirement solutions and suggests the demand for guaranteed lifetime income will only grow in coming years.
The document summarizes a five-year global program launched in 2010 to strengthen existing academic institutions and think tanks in monitoring and evaluation (M&E) and results-based management (RBM) capacity development for governments and civil societies. The program is funded by bilateral and multilateral donors and housed within the Independent Evaluation Group of the World Bank. In the first two years, centers were selected in Africa, South Asia, and China to provide regional M&E training, knowledge services, and advisory support. Going forward the program aims to select centers in Francophone Africa and Latin America while the existing centers begin implementation and annual global forums are held to facilitate peer learning among participants.
The document summarizes a report on the World Bank's involvement in Global and Regional Partnership Programs (GRPPs). It finds that while the Bank plays an important role in GRPPs, it is not a major source of funding. Most GRPPs focus on knowledge sharing and technical assistance. There are challenges to evaluating GRPPs due to their diverse structures, evolving nature, and operations at multiple levels. Most GRPPs have been evaluated, but transparency around evaluations could be improved. Evaluations of GRPPs have generally found independence and quality to be satisfactory, and have led programs to make governance and strategic changes.
This document summarizes the Community Services, Women and Youths Employment (CSWYE) Project of SURE-P in Nigeria. The project aims to generate quick employment by targeting unemployed women, youth, and vulnerable people through community-based work. Key results include engaging over 116,000 beneficiaries across 35 states in 5,761 services. What has worked well includes a community needs-based targeting mechanism, paying individuals directly into bank accounts via an electronic payment system, maintaining computerized records, and coordinating implementation between multiple government agencies. The project aims to continuously learn and improve through monitoring evaluations, stakeholder feedback, and learning from other similar projects.
The document provides information about the Osun Youth Empowerment Scheme (OYES) in Osun State, Nigeria. It discusses that OYES aims to empower youth by equipping them with work ethics and skills to make them employable. It operates through deploying 20,000 youth corps members in 7 divisions like sanitation, teaching, and environmental work. The scheme faces challenges of sustainability and job placement, but has achieved a cleaner environment, local economic stimulus, and improved youth skills. Next steps include strengthening governance, monitoring, and expanding vocational training opportunities.
This is a presentation on Worldwide Financial Crisis made by Vinod Thomas, Director-General & Senior Vice President at the Independent Evaluation Group, World Bank. In the presentation, Mr. Thomas describes the reasons for the recent financial crisis, highlights the extent of damages, and discusses policy responses to the crisis.
Max Life Whole Life Super, a life insurance plan in which you
pay premiums for only a limited number of years and enjoy protection up to the age 100 years.
Whole Life Super Brochure - Maxlife Insurancesagar057
This 3 sentence summary provides the high level information about the document:
The document is a product brochure that describes the Max Life Whole Life Super plan, a traditional participating whole life insurance plan that provides lifetime guaranteed life insurance coverage up to age 100. The plan offers flexible premium payment terms and bonus options, and allows policyholders to access funds through partial withdrawals or surrender. The brochure provides details on plan benefits, premiums, bonuses, surrenders and riders available under the Max Life Whole Life Super plan.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
Planning for the old age when the ability to earn diminishes while the expenses to live a dignified and healthy life start rising is of utmost importance.
This document discusses various types of life insurance policies including money back policies, annuities and pensions, unit linked policies, and Jeevan Sathi policies. Money back policies provide survival benefits at regular intervals and a death benefit. Annuities and pensions provide regular income in retirement. Unit linked policies allow investment flexibility and tax benefits. Jeevan Sathi is a joint life policy that provides benefits upon the death of either partner or a maturity payout if both partners survive to the end of the policy term.
This document provides information about various types of life insurance plans offered in India, including traditional plans like term insurance, endowment plans, money back plans, and whole life insurance. It also discusses unit linked insurance plans (ULIPs). Term insurance is described as the simplest form of life insurance that offers life coverage for a specified term. Endowment plans provide a lump sum payment at maturity. Money back plans offer regular returns or a lump sum during the policy period. Whole life insurance provides lifetime coverage. ULIPs combine investment and insurance, with the premium split between coverage and investment in funds with market risks.
Whole Life Participating Insurance - Max Life Insurancesagar057
This document summarizes a whole life insurance plan called Max Life Whole Life Super offered by Max Life Insurance. The key features include:
1. It provides guaranteed lifetime protection up to age 100, with the life cover amount increasing through bonuses over time.
2. The premium payment term can be chosen as 10, 15, or 20 years. Bonuses can be received in cash, used to offset future premiums, or purchase additional sum assured.
3. The plan offers flexibility such as partial withdrawals from the paid-up additions, and additional protection through optional riders.
4. The death benefit pays out the higher of guaranteed amounts or sums assured, along with bonuses. Surrender value is pay
The document discusses annuities and provides information about whether an annuity is right for retirement planning. It asks questions to consider like whether you are concerned about outliving your income or maintaining your lifestyle in retirement. It also discusses accumulating funds in deferred annuities to help minimize gaps in retirement income. Annuities offer guaranteed lifetime income options to complement other retirement income sources. The document summarizes types of annuities and their tax benefits, as well as features like income options and death benefits that make annuities a valuable part of a diversified retirement portfolio.
Permanent Life Ins Slirp - Supplemental Life Insurance Retirement Plannlinajarvela
This document discusses how permanent life insurance can be used as a retirement planning tool through a strategy called Supplemental Life Insurance for Retirement Planning (SLIRP). SLIRP uses the cash value in a permanent life insurance policy to supplement retirement income through tax-free withdrawals and policy loans. It provides death benefit protection for beneficiaries and a way to access funds for retirement without paying taxes on withdrawals up to the policy owner's cost basis. While not guaranteed, permanent life insurance cash values have the potential to grow tax-deferred and be a source of retirement income. The strategy relies on dividends and interest rates, which are subject to change by the insurer.
SBI Life's Smart Scholar Plan helps parents save and secure their child's future. The plan offers dual life insurance protection for the family and a lump sum payment of the base sum assured in case of the policyholder's death. It provides investment opportunities through multiple fund options and loyalty additions to boost returns. On maturity, the plan pays out the total accumulated fund value to the beneficiary, which can be the surviving parent or the child.
Types of Life Insurance Policies Available in IndiaMyMoneyMantra
Life Insurance policy- Different types of life insurance Plans explained like Risk, Benefits of Term Plan, Whole life Plan, Endowment Plan, ULIP Plans, Money Back Policy, Child Policy & Annuity Plan available in India.
This document summarizes an investment plan from Birla Sun Life Insurance. The plan allows policyholders to plan for their family's future with control over their investment. Key features include choosing a savings date and premium amount, life cover, tax benefits, and investment flexibility through various funds. Investment risk lies with the policyholder.
An endowment policy is a life insurance contract that pays out a lump sum amount either upon death of the policyholder or at the end of the specified term, if the policyholder is still alive. Traditional endowment policies provide a guaranteed sum assured, and may increase in value through bonuses added based on investment performance. Early withdrawals may be subject to a market value reduction if investment values have fallen. Endowment policies provide both life insurance protection for beneficiaries as well as savings for the policyholder.
Why hole life insurance is more than just for your loved ones, create wealth, supplement your retirement income, emergency funds, psssible funding for college education, learn more about all the possibilities of whole life insurance.
Kotak e-Invest - a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and requirements. Click here to know more about it.
This document provides information about life insurance policies in India. It discusses different types of life insurance policies like term insurance, whole life insurance, endowment policies, money back plans, children's policies, annuity plans, and unit linked insurance plans. It also answers frequently asked questions about life insurance policies, including how premiums, surrender values, and claims are calculated for conventional and unit linked policies. The document aims to educate policyholders about various aspects of life insurance.
The document summarizes a unit-linked pension plan called BSLI Empower Pension Plan offered by Birla Sun Life Insurance. The key details are:
1. It allows customers to save for retirement through regular premium payments over 5-30 years. Premiums are invested in funds to build a retirement corpus.
2. At retirement (vesting date), the customer can use the corpus to purchase a lifelong pension stream or make withdrawals within tax-free limits.
3. The plan provides guaranteed additions to the fund value from the 6th policy year onwards. It also guarantees a minimum vesting benefit based on premiums paid and years to vesting.
4. Death and surrender benefits are also
The document discusses factors to consider when determining how much life insurance is needed, such as family size and financial obligations. It outlines different types of life insurance policies, including term life and various permanent/cash value policies. The document suggests choosing a policy based on one's needs and goals, such as mortgage protection, family protection, or business needs. It emphasizes periodically reviewing coverage as needs change over time.
Band Range Benefit
The Birla Sun Life Insurance Guaranteed Bachat Plan encourages regular saving with guarantees and opportunities to earn more. It offers guaranteed returns at maturity plus survival benefits each year. The plan provides increasing life cover with each premium payment and an early exit option with reduced benefits. The plan is suitable for those aged 60 or younger looking to invest at least Rs. 3,600 annually for over 10 years.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
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We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
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This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
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2. In this Policy, the investment risk in the investment portfolio is borne by
the Policyholder.
As a caring parent, you want only the best for your child. As your child
grows, his aspirations will grow too and so will your responsibilities.
Whether it’s higher studies abroad, a grand wedding or a comfortable
home … you can now ensure that your child is always one step ahead
– financially.
Bharti AXA Life Bright Stars with Jumpstart Benefit is a unique child
plan designed to give your child the right launch pad into a promising
future. At maturity, this plan offers an additional lump sum amount to
take care of the finances at the key stages of your child’s life. What’s
more, the plan also provides you with a life protection cover - so
should anything unfortunate happen to you, Bharti AXA Life Bright
Stars ensures that your dreams for your child still live on.
The plan also offers the flexibility to make modifications, depending
on the changing needs of your child. As his dreams grow, the plan will
grow too… so financial hurdles will never come in the way of his
growing dreams!
With Bharti AXA Life Bright Stars, you can fulfil all the dreams you
have for your child, and give him what he deserves. A bright future!
This is a regular premium unit-linked Insurance Policy, which offers you the twin benefits of protecting your
loved ones & creating wealth for them over the desired period.
You can plan & invest in a systematic manner through this product for certain important events (financial goals)
in your life like your child’s higher education / marriage or buying a house!
Bharti AXA Life Bright Stars offers you the twin benefits of protecting
your loved ones & creating wealth for them over the desired period.
1
3. Bharti AXA Life Bright Stars Realise your Dreams
• You can invest in market-linked funds while providing you with all-round
protection benefit and what’s more, it also provides you with a Jumpstart
Benefit at maturity.
• You can enhance your protection in this product by adding riders.
• You get a smart financial solution through this product. Not only does the Sum
Assured gets paid out in case of unfortunate event of death, but Bharti AXA Life
will pay all your future premiums to ensure that the ambitions of your loved
ones are achieved.
• You have the option of investing across 4 funds, depending upon your risk
appetite and return expectation and you can make use of the switch facility to
change your asset allocation.
• Tax benefits for premiums paid and benefits received, as per the prevailing
Tax laws.
Enjoy the benefits of
high returns along
with a life cover. Also,
receive an additional
amount through
Jumpstart Benefit at
Policy maturity.
2
4. How does Bharti AXA Life Bright Stars work?
Choose your premium and Policy Benefit Period,
which decides the Sum Assured
Enhance your protection by
adding riders
Choose from 4 Investment Funds to invest
your premiums
In case of death,
Sum Assured
is paid out
immediately
Bharti AXA Life
pays all future
premiums into
the Policy Fund
On maturity, you will get
Policy Fund Value + Jumpstart Benefit
3
5. Bharti AXA Life Bright Stars Benefits
Benefits of Bharti AXA Life Bright Stars
1. Life Insurance Benefit:
The Sum Assured under the Policy is based on the Policy benefit period chosen
by you.
Policy Benefit Period Sum Assured
7 years 5 times Annualised Regular Premium
10 years 5 times Annualised Regular Premium
15 years 8 times Annualised Regular Premium
17 years 10 times Annualised Regular Premium
20 years 10 times Annualised Regular Premium
In the unfortunate event of death of the Life insured during the Policy benefit
period, the following benefits are available:
• Payment of Sum Assured immediately
• All the future premiums payable till maturity are waived off and Bharti AXA
Life will pay all those premiums into the investment funds
• The Policy continues until maturity with the nominee having the right to
exercise all the applicable benefits under the Policy
2. Maturity Benefit:
On maturity of the Policy, you or your nominee will get the Policy Fund Value PLUS
Jumpstart Benefit.
The Jumpstart
Benefit gives you
financial freedom, so
your child is not
constrained when it
comes to taking
advantage of various
career opportunities.
4
6. Life Insurance Benefit
With built-in life insurance plus
critical illness cover (optional), it
provides complete, all-round
protection for your child.
3. Special Addition with “Jumpstart Benefit”:
On maturity of the Policy, in addition to the Policy Fund Value, you get a Jumpstart Benefit equal to 5% of
the average of the Policy Fund Values as on the end of each of the preceding 36 Policy months.
Since this benefit is paid out in addition to your Policy Fund Value, it provides your financial goals a
“jumpstart”. For instance, if the Policy is taken with the intention of securing your child’s future, then it can
be used to jumpstart your child’s future by having access to more career options.
4. Critical Illness Benefit Rider:
In addition to your life insurance benefit, you can also enhance your protection by adding Critical Illness
Benefit Rider by paying a nominal amount. This rider will pay the chosen Rider Sum Assured in case you are
diagnosed with any of the below mentioned critical illnesses and subject to the terms and conditions
contained in the Critical Illness Benefit Rider – Policy Bond:
• Cancer
• Coronary Artery Bypass Surgery
• Heart Attack
• Kidney Failure
• Major Organ Transplant
• Stroke
You can use this Rider Sum Assured to meet various expenses that are generally incurred in treatment of
critical illnesses like hospitalisation expenses, surgery, cost of medicines, diagnosis, possible loss of pay etc.
Please ask your advisor to show you the separate rider brochure for details of applicable terms and
conditions of this rider.
5
7. Bharti AXA Life Bright Stars Benefits
5. Choice of Investment Funds:
You have a choice of investing your premiums in any or all of the four investment funds, as
per your financial objective.
Investment Objective Asset Allocation Risk-Return
Fund Potential
Growth To provide long term capital Listed Equities: 80% - 100%, High
Opportunities appreciation through Cash & Money Market
Fund investing in stocks across all Instruments: 0% - 40%
market capitalisation ranges
(Large, Mid or Small).
Grow Money To provide long term capital Listed Equities: 80% - 100%, High
Fund appreciation through Cash & Money Market
investing across a diversified Instruments: 0% - 40%
high quality equity portfolio.
Save‘n’grow To provide steady Listed Equities: 0% - 60%, Moderate
Money Fund accumulation of income in Corporate bonds: 0% - 50%,
medium to long term by Government bonds and
investing in high quality debt securities: 0% - 40%,
papers and government Cash & Money Market
securities and a limited Instruments: 0% - 40%
opportunity of capital
appreciation. This would be
more of a defensively
managed fund.
Steady Money To provide steady Corporate bonds: 20% - 80%, Low
Fund accumulation of income in Government bonds and
medium to long term by securities: 20% - 80%,
investing in high quality Cash & Money Market
debt papers and Instruments: 0% - 40%
government securities.
6. Manage your investments with Switch and Premium Redirection facility:
Through the feature of switches & premium redirection you can manage your asset
allocation between equity & debt depending on your needs. For example you may wish to
move your money to a low-risk investment fund option before maturity of the Policy to
protect against adverse movements in equity markets.
You can switch four times in a Policy year free of charge, beyond which a charge of
Rs. 100 per switch is levied. The minimum value of a switch should be Rs. 2,500.
You can also redirect your future premiums after first Policy year into different funds with
Premium Redirection facility. This facility can be availed of any number of times free of
charge. The minimum allocation in any chosen investment fund should be 5%.
6
8. 7. Top-up Premiums:
You can invest a bonus received from your employer or profits earned from your business or any other surplus
in your existing investments to achieve your financial goals faster.
With the top-up option, you can boost your contribution any time after the first Policy year. The minimum
amount of a single top-up is Rs. 2,500. The total amount of top-up in a Policy year cannot be more than 25%
of total regular premiums paid till that date. Top-up premium has no effect on your Sum Assured.
8. Liquidity Benefit with Partial Withdrawal:
We all need money during our lifetime to fulfil certain goals. From time to time, you may need money to pay for
your child’s education, going on a long vacation, pay off an existing loan etc.
You can withdraw money from your Policy Fund Value any time after completion of three Policy years. Each
partial withdrawal should be a minimum of Rs. 5,000 and after withdrawal the Policy Fund Value should not be
less than 120% of the Annualised Regular Premium. Four partial withdrawals are free of charge in a Policy year
and each subsequent partial withdrawal will be subject to a charge of Rs. 100.
9. Decrease in Premium:
While we recommend that you pay the agreed amount of annual premium for the entire term of the Policy, we also
understand that sometimes you may face financial constraints which might make it difficult for you to pay the
agreed premium throughout the term. Therefore, in this product, we allow you to decrease the premium amount
any time after completion of two Policy years. Decrease in premium will decrease your Sum Assured in the same
proportion. Annualised Regular Premium can be reduced subject to the following condition:
During 3rd policy year, the Annualised Regular Premium can be reduced such that the revised premium is at
least Higher of
• 75% of first year Annualised Regular Premium
• Minimum Annualized Regular Premium
From 4th policy year onwards, the Annualised Regular Premium can be reduced to the minimum Annualised
Regular Premium.
10. Cover Continuance Option:
While we recommend that all your regular premiums be paid on the respective due dates, we also understand
that due to sudden changes in lifestyle like increased responsibilities or unexpected increase in household
expenses may affect your future ability to pay premiums.
Now you need not worry if you are unable to pay premiums into your Policy. The cover continuance option
entitles you to continue your Policy with all benefits if you are unable to pay premiums (as per the table below).
Once you have opted for this option, you cannot pay any further premiums or top-ups under the Policy.
Policy Benefit Period
7 years 10 years 15 years 17 years 20 years
Cover continuance 3 annualised 3 annualised 5 annualised 5 annualised 5 annualised
available after regular regular regular regular regular
payment of premiums premiums premiums premiums premiums
7
9. Bharti AXA Life Bright Stars Applicable charges
11. Extended Maturity Benefit with Settlement Option:
You may want to take advantage of Bharti AXA Life’s fund management expertise
A flexible plan that
even after maturity of your Policy. You can avail any of the following options at
adapts to the changing
maturity:
needs of your child
I. Take entire maturity proceeds (Policy Fund Value + Jumpstart Benefit) as lump
over time.
sum payment on maturity; or
II. Take the maturity proceeds (Policy Fund Value + Jumpstart Benefit) at regular
intervals in instalments over 5 years after the maturity date (extended maturity
period). The value payable at such intervals will be calculated at the unit price
as on the relevant date
III. A combination of the above mentioned two options
At any time during the extended maturity period, you have an option to withdraw
the balance available Policy Fund Value as on that date. However, you will not
be entitled to life insurance benefit or partial withdrawals / switches between
investment funds or top-ups during this period.
Please note that during the extended maturity period, the investment risk in the
investment portfolio continues to be borne by the Policyholder.
What are the applicable charges in this product?
1. Premium Allocation Charge: This charge is levied at the time of premium
allocation and depends on the premium amount, Policy benefit period and the
Policy year.
Premium Band 1 = Annualised Regular Premium between Rs. 15,000 and Rs. 99,999.
Premium Band 2 = Annualised Regular Premium of Rs. 1,00,000 & above.
Premium Allocation Charges
Policy Premium Policy Benefit Period
Year Band 7 years 10 years 15 years 17 years 20 years
1 35% 35% 38% 40% 45%
1
2 32% 32% 32% 34% 39%
2 1&2 10% 15% 25% 25% 25%
3 1&2 8% 8% 8% 8% 8%
4&5 1&2 2% 2% 2% 2% 2%
6 onwards 1&2 0% 0% 0% 0% 0%
Top-up premiums are subject to an allocation charge of 1.5% for both Premium Bands.
2. Risk Benefit Charge: This charge is applied on the Sum Assured and is
deducted proportionately on a monthly basis by cancellation of units from the
Policy Fund Value. The risk benefit charge will depend on your age at entry and
Policy benefit period chosen, and this charge will remain the same throughout the
Policy benefit period.
8
10. Annual Risk Benefit charges per Rs. 1000 of Sum Assured are as follows:
Risk Benefit Charge for a 30-year-old
Policy Benefit Period
Age 7 years 10 years 15 years 17 years 20 years
Male Rs. 2.98 Rs. 3.17 Rs. 3.53 Rs. 3.68 Rs. 3.91
Female Rs. 2.81 Rs. 2.91 Rs. 3.15 Rs. 3.25 Rs. 3.41
3. Policy Administration Charge: This charge is deducted by cancellation of units from the Policy Fund Value
on a monthly basis. The charge is Rs. 65 per month for annual & semi-annual mode of premium payment and
Rs. 80 per month for monthly mode of premium payment.
4. Fund Management Charge: This is a charge that is levied on each of the Investment Funds and is adjusted
in the unit price calculation on a daily basis. The charges for the funds are as follows:
Fund Name Growth Opportunities Grow Money Save‘n’grow Steady Money
Fund Fund Money Fund Fund
Fund Management 1.75% p.a. 1.50% p.a. 1.25% p.a. 1.00% p.a.
Charge
5. Surrender Charges: The Surrender Charge is applied if and when you surrender your Policy in the first 5
Policy years. The surrender value that you will receive will be the Policy Fund Value less this charge. The
surrender charges are applicable on the Policy Fund Value and are as follows:
Year in which Policy Policy Benefit Period
is surrendered 7 years 10 years 15 years 17 years 20 years
Year 1 65% 65% 90% 90% 90%
Year 2 40% 40% 75% 75% 75%
Year 3 20% 20% 50% 50% 50%
Year 4 0% 0% 15% 15% 15%
Year 5 0% 0% 3% 3% 3%
Year 6 onwards 0% 0% 0% 0% 0%
If the Policy is surrendered within the first three Policy years then the surrender value as on the date of
intimation of surrender will be paid only after the completion of three Policy years.
Service Tax: Service Tax & cess are applicable on all charges as per the prevailing rates.
Policy at a glance:
Parameter Eligibility
Minimum age at entry 18 years
Maximum age at entry 70 years MINUS Policy Benefit Period chosen
E.g.: For Policy benefit period of 17 years,
the maximum age at entry is 53 years
Maximum age at maturity 70 years
Minimum premium Rs. 15,000 p.a. for annual & semi-annual modes
Rs. 18,000 p.a. for monthly mode
Premium Modes Annual, Semi-annual and Monthly*
Policy benefit periods available 7 years, 10 years, 15 years, 17 years & 20 years
Minimum top-up premium Rs. 2,500
* Through ECS only
9
11. Bharti AXA Life Bright Stars Tax Benefits
The following table shows the benefit of Bharti AXA Life Bright Stars for a
30-year-old Male paying a premium of Rs. 36,000 per annum under annual mode.
Get tax benefits under
section 80C & section
10 years 15 years 20 years 10 (10D)
Policy Benefit Period 6% 10% 6% 10% 6% 10%
Sum Assured (Rs.) 1,80,000 2,88,000 3,60,000
Policy Fund Value at
Maturity (Rs.) 4,01,344 4,97,184 6,71,713 9,30,931 10,02,489 15,69,610
Jumpstart Benefit (Rs.) 17,247 20,592 30,002 39,976 45,595 68,498
Total Maturity Benefit (Rs.) 4,18,591 5,17,775 7,01,715 9,70,907 10,48,085 16,38,108
Death Benefit (Rs.) 5,98,591 6,97,775 9,89,715 12,58,907 14,08,085 19,98,108
6% and 10% are assumed gross investment rates per annum on Grow Money Fund.
What are the tax benefits under this product?
You can avail of the tax benefits on the premiums paid and the benefits received
as per the prevailing tax laws under Section 80C and Section 10 (10D) of the
Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax
laws from time to time.
10
12. SECTION 41 OF INSURANCE ACT 1938
“No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out
or renew or continue an insurance in respect of any kind of risk relating to lives in India, any rebate of the whole
or part of the commission payable or any rebate of the premium shown on the Policy nor shall any person taking
out or renewing or continuing a Policy accept any rebate except such rebate as may be allowed in accordance
with the published prospectus or tables of the Insurer.”
SECTION 45 OF INSURANCE ACT 1938
“No Policy of life insurance shall after the expiry of two years from the date on which it was effected, be called
in question by an insurer on the ground that statement made in the proposal for insurance or in any report of a
medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the Policy,
was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed
facts which it was material to disclose and that it was fraudulently made by the Policyholder and that the
Policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was
material to disclose.
Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is
entitled to do so, and no Policy shall be deemed to be called in question merely because the terms of the Policy
are adjusted on subsequent proof that the age of the Life insured was incorrectly stated in the proposal.”
11
13. Bharti AXA Life Bright Stars Terms & Conditions
Terms and Conditions
1. If any regular premium due within the first three the Policy (provided that the nominee gives
years of the Policy remains unpaid even after the an undertaking-cum-indemnity bond) and
grace period of 30 days, the Policy lapses and all nominee is entitled to all the applicable
the benefits under the Policy cease to exist. You benefits under the Policy, viz. partial
can however, revive the Policy by paying all the withdrawals, switches, surrender, premium
unpaid premiums within a period of two years redirection & extended maturity benefit.
from the due date of the last unpaid premium. Top-ups & change in annualised regular
If the Policy is not reinstated during the premium is not allowed. Also, nomination is
Reinstatement Period, the Policy will stand mandatory where the Life insured &
terminated and the Policy Fund Value as at the Policyholder are same.
expiry of Reinstatement Period net of Surrender b. Where the Life insured and Policyholder are
Charge as on the lapse date shall be payable at different, the Policy will continue till maturity
the completion of the third Policy year or at the of the Policy and the Policyholder is entitled
end of the Reinstatement Period, whichever to all the benefits available under the Policy.
is later.
5. Top-up benefit is not available after the death of
2. If the due premiums have been paid for at least the Life insured.
three consecutive Policy years from the Policy
6. Free-look option: If you disagree with any of the
Date and subsequent premiums are unpaid, you
terms and conditions of the Policy, you have the
may reinstate the Policy within two years from the
option to return the original Policy Bond along
date of first unpaid premium by resuming
with a letter stating reasons for the objection
premium payment by paying all the unpaid
within 15 days of receipt of the Policy Bond (“the
premiums and the appropriate Premium Allocation
free-look period”). The Policy will accordingly be
Charge shall be deducted from the above
cancelled and an amount equal to the sum
mentioned payment. During the period allowed for
of (Premium Allocation Charge, Policy
reinstatement, the Policy shall continue to be in
Administration Charge, Risk Benefit Charge,
effect by levying applicable Policy Charges. At the
deducted from the Policy Fund Value) and (the
end of the allowed period for reinstatement, if you
Policy Fund Value less stamp duty and
have not opted for cover continuance option, only
underwriting expenses incurred by the
the Policy Fund Value, after deducting applicable
Company), will be refunded to the Policyholder.
surrender charges will be paid and the Policy will
terminate. In an event of death during the 7. If the Life insured under the Policy, whether
Reinstatement Period, the death benefit shall be medically sane or insane, commits suicide,
paid out. within one year of the Issue Date or the date of
reinstatement of the Policy, the Policy shall be
3. At any time during the Policy benefit period, after
void and the Company will only be liable to pay
completion of 3 Policy years, if the Policy Fund
the Policy Fund Value as on the date of intimation
Value falls below 120% of the Annualised Regular
of death and all the benefits under the Policy
Premium, then the Policy will be terminated & the
shall cease to exist including future payment of
surrender value will be paid out.
premiums by the Company.
4. In case of death of the Life insured during the
8. This is a non-participating Unit Linked Insurance
Policy benefit period
Policy.
a. Where the Life insured and Policyholder are
same, the Policy will continue till maturity of
12
14. Revision of charges:
The Company reserves the right to revise the following charges from time to time, subject to the following
maximum limits, with prior approval from the Insurance Regulatory and Development Authority (IRDA):
Fund Management Charge: Growth Opportunities Fund – 2.50% p.a. of the net assets, Grow Money Fund
– 2.50% p.a. of the net assets, Save‘n’grow Money Fund – 2.00% p.a. of the net assets and Steady Money
Fund – 1.75% p.a. of the net assets.
Policy Administration Charge: Not exceeding (in any Policy year) an amount equal to compounded value
of current charge, at the rate of 5% since August 2008.
Partial Withdrawal Charge: Rs. 300 per partial withdrawal.
Switching Charge: Rs. 300 per switch.
The Company also has the right to revise the asset allocation of any investment fund(s) with prior approval
from IRDA.
Computation of Unit Price
The unit pricing shall be computed based on whether the Company is purchasing (appropriation price)
or selling (expropriation price) the assets in order to meet the day to day transactions of unit
allocations and unit redemptions i.e. the life insurer shall be required to sell / purchase the assets if
unit redemptions / allocations exceed unit allocations/redemptions at the valuation date.
The appropriation price shall apply in a situation when the Company is required to purchase the assets to
allocate the units at the valuation date. This shall be the amount of money that the Company should put into
the fund in respect of each unit it allocates in order to preserve the interests of the existing Policyholders.
The unit price will be computed as follows: Market value of investment held by the fund plus the expenses
incurred in the purchase of the assets plus the value of any current assets plus any accrued income net of
fund management charges less the value of any current liabilities less provisions, if any. This gives the net
asset value of the fund. Dividing by the number of units existing at the valuation date (before any new units
are allocated), gives the unit price of the fund under consideration.
The expropriation price shall apply in a situation when the Company is required to sell assets to redeem the
units at the valuation date. This shall be the amount of money that the Company should take out of the fund
in respect of each unit it cancels in order to preserve the interests of the continuing Policyholders. The unit
price will be computed as follows: Market value of investment held by the fund less the expenses incurred
in the sale of the assets plus the value of any current assets plus any accrued income net of fund
management charges less the value of any current liabilities less provisions, if any. This gives the net asset
value of the fund. Dividing by the number of units existing at the valuation date (before any units are
redeemed), gives the unit price of the fund under consideration.
13
15. Bharti AXA Life Bright Stars Risks of Investment
Risks of investment in unit-linked Policies:
• Bharti AXA Life Bright Stars is a unit-linked insurance Policy and is different from traditional insurance
Policies.
• The premium in unit-linked insurance Policy are subject to investment risk associated with capital market
and the NAV of the units may go up or down based on the performance of the investment funds and the
factors influencing the capital markets and the insured is responsible for his / her decisions.
• Bharti AXA Life Insurance Company Ltd. is only the name of the insurance company and Bharti AXA Life
Bright Stars is only the name of the unit-linked insurance Policy and does not in any way represent or
indicate the quality of the Policy, its future prospects and performance or the returns.
• Bharti AXA Life Bright Stars does not provide for participation in the distribution of surplus or profits that
may be declared by the Company.
• Growth Opportunities Fund, Grow Money Fund, Steady Money Fund and Save‘n’grow Money Fund are the
names of the Investment Funds and do not in any manner indicate the quality of the Investment Funds, their
future prospects or returns.
Disclaimers
• This product brochure is indicative of terms, conditions, warranties and exceptions contained in the
Insurance Policy Bond. In the event of conflict, if any, between the terms and conditions contained in this
brochure and those contained in the Policy Bond, the terms and conditions contained in the Policy Bond
shall prevail.
• Insurance is the subject matter of the solicitation.
• Bharti AXA Life Insurance Company Limited, 61/62, Kalpataru Synergy, Opposite Grand Hyatt, Vakola,
Santacruz (East), Mumbai 400 055.
• UIN: 130L016V01
• UIN for Critical Illness Benefit Rider: 130C001V01
14
16. You would like to live your life and prepare for the future with complete confidence.
We design solutions, which will protect you and your family and help you realise
your dreams.
At Bharti AXA Life Insurance, this is what we mean
by Financial Protection.
For further details call:
Customer Care Nos. - Toll free Nos.: 1800 425 1350
(MTNL, BSNL users) or 1800 102 4444
(Airtel, TATA, BPL, Spice Telecom - Punjab & Shyam Tel users)
Alternate Nos.: 020 40182300/020 26141350
OR
SMS BALIFE to 56677
Log on to: www.bharti–axalife.com
Insurance is the subject matter of the solicitation.
Bharti AXA Life Insurance Company Limited
An ISO 9001:2000 Certified Company
Registered Office: 6th floor, Unit - 601 & 602, Raheja Titanium, Off Western Express Highway, Goregaon (East), Mumbai - 400 063.
www.bharti-axalife.com Registration No.: 130. Advt. No.: PB 01 April 09. UIN 130L002V01.