PLAN PARAMETERS

MIN. AGE AT ENTRY MAX. AGE AT ENTRY MIN. TERM MAX. TERM
MIN. PREMIUM FOR AGE BELOW 49 YEARS MIN. PREMIUM FOR AGE 50 YEAR & ABOVE

12 YEARS 60 YEARS 10 YEARS 35 YEARS

Rs. 250 PM ( 250*12= 3000 P.A)
Rs. 400 PM ( 400*12= 4800 P.A)

MAX. PREMIUM

NO LIMIT

MODE

YLY, HLY, QLY , SSS

RISK COVER IS 250 TIMES OF MONTHLY PREMIUM

IT MEANS IF SOMEONE IS PAYING

PER YEAR

PER MONTH

SUM ASSURED

3000
6000 9000 15000 30000

250
500 750 1250 2500

62500
125000 187500 312500 625000

INSTEAD OF STARTING WITH SUM ASSURED YOU START BY DECIDING HOW MUCH PREMIUM YOU WANT TO INVEST.
RISK COVER IS SAME FOR ALL AGES FOR FIX PREMIUM

SAY. ONE 20 YEAR AGE PERSON AND ANOTHER 45 YEAR AGE PERSON IS PAYING Rs. 5000 PREMIUM PER YEAR RISK COVER FOR THE SELECTED TERM WILL BE SAME FOR BOTH THE PERSONS.
DO NOT TALK ABOUT SUM ASSURED START TAKING ABOUT PREMIUM

250 TIMES OF MONTHLY PREMIUM ( 12000 YLY MEANS 1000 MLY i.e 1000*250 = 2,50,000 ) PLUS

RETURN OF PREMIUM PAID ( EXCL. 1st YEAR PREM & ANY EXTRA+RIDER PREMIUM ) PLUS
LOYALTY ADDITION

IN CASE OF DEATH BENEFIT IN ADDITION TO S.A PAYABLE ON DEATH , ALL PREMIUMS PAID ( EXCL. 1st YEAR PREMIUM PLUS ANY EXTRA PREMIUM AND RIDER PREMIUM ) ARE REFUNDED.

THIS FEATURE IS INTRODUCED FOR THE FIRST TIME IN ANY POLICY.

THIS MEANS THAT RISK IS CONTINUOUSLY INCREASINGLY 2nd PREMIUM ONWARDS.

BONUS WILL NOT BE DECLARED EVERY YEAR AS IN CASE OTHER POLICIES. BUT LOYALTY ADDITIONS WILL BE PAYABLE AFTER ATLEAST 10 YEARS OF PREMIUM PAYMENT AND DURATION. LOYALTY ADDITIONS ARE EVEN PAYABLE ON SURRENDERING THE POLICY .

AVAILABLE AFTER 3 YEARS

NO PENALTY AFTER 5 YEARS

SAY FOR 20 YEAR TERM POLICY IF SURRENDER AFTER 12 YEARS WILL BE TRATED AS IF HE HAS TAKEN 12 YEAR POLICY

IN THIS SENCE THIS IS FLEXIBLE TERM PLAN

MONEY WHENEVER YOU NEED

THE PREMIUM AND ASSOCIATED BENEFITS WILL BE CORROSPONDINGLY REDUCED. NO NEED TO SELL MULTIPLE POLICIES. MONEY BACK EVEN AFTER TERM LIKE 6/11/13/17 ETC. IN OTHER SENCE IT IS FLEXIBLE MONEY BACK PLAN.
MINIMUM PREMIUM CONDITION IS TO BE TAKEN CARE OF MINIMUM WAITING PERIOD BETWEEN TWO WITHDRAWAL IS ONE YEAR

 FOR A CHOOSEN PREMIUM THE LEVEL OF BENEFIT AT MATURITY ( MATURITY SUM ASSURED ) WILL BE QUOTED. SAY.. FOR EXAMPLE AT AGE ENTRY 35 IF RS. 300PM( 3600 P.A ) PREMIUM IS SELECTED M.S.A GIVEN AS PER CHART

FOR 165-15 IS

Rs. 57,000/- PLUS LOYALTY ADDITION

IN CASE OF 14/15 FOR SAME TERM FOR 3600 YLY PREMIUM U CAN SELL Rs. 50,000 SUM ASSURED ONLY
SO Rs. 7000 IS GURANTEED RIGHT FROM THE DAY ONE. TABLE 14 /15 BONUS RATE IS Rs. 45 /- and IF WE BELIEVE THAT 45 WILL CONTINUE FOR 15 YEAR MATURITY WILL BE ( 50,000 + 33750 = 83750 )

HERE 57,000 + L.A ( WE REQUIRE ONLY 26,000 AS LOYALTY PAYMENT TO MATCH TABLE 14 ) (IE. LOYALTY SHOULD BE RS.30 PER 1000 SA PER YEAR)

PLAN & TERM

15 YEAR & MORE

FIRST YEAR

2/3 YEAR

THERE AFTER

25%

7.5%

5%

10 TO 14 YEAR
BONUS COMM.

20%
40 % OF FIRST YEAR COMM.

7.5%

5%

DO YOU THINK PEOPLE ARE TAKING INSURANCE ONLY FOR RISK ?

THEY ALSO WANT TO MAKE PROVISION FOR CHILD EDUCATION SON/DAUGHTER MARRIAGE RETIREMENT PLANNING MEDICAL EXPENCES Etc.

ACTURIAL ANALYSIS WILL SHOW THAT LOYALTY ADDITION WILL NOT BE LESS THAN TOTAL REGULAR BONUS PAYABLE ON DEATH / SURRENDER / MATURITY.

AFTER TAX PAYMENT WE HAVE ALSO HAVE TO PAY 5 % OF THE REMAINING SURPLUS TO GOVERNMENT.

AND
AFTER THAT WE HAVE TO MAKE PROVISION OF FOR SOLVENCY MARGIN TOO. THIS MEANS ACTUAL SURPLUS AVAILABLE FOR BONUS DISTRUBITION IS AROUND 75 % OF SURPLUS GENERATED.

NOW WHAT IS FAB/LA ?

IT IS A CLAIM EXPERIENCE FOR A PARTICULAR PLAN

AFTER PREMIUM COLLECTION APPROPIATE LIABILITY FOR CLAIM PROVISION IS BEING CREATED.

USP OF JEEVAN SARAL

1. PREMIUM BASE PSYCHOLOGY CAN BE SATISFIED. 2.ON DEATH OF L/A , APART FROM SA. PREMIA PAID ARE ALSO REFUNDED. 3.PREMIUM NOT AGE DEPENDENT , ALTHOUGH THIS A RISK PLAN. 4.NO SURRENDER CHARGE AFTER 5 YEARS.THUS MORE FLEXIBILITY & LIQUIDITY. 5. THIS PLAN HAS ELEMENTS OF OTHER SAVING INSTRUMENTS LIKE BK.FD, PPF, ETC.