Guaranteed Product For All Seasons

For Childs Future Needs

Mr. Sharma is 40 old and works in a MNC. He wants an additional regular monthly income to meet his sons future needs. Step 1: Mr. Sharma decided that he needs a monthly income of Rs. 6,500 Step 2: He opts for an 11 year policy term Step 3: The premium for his policy comes out to be Rs. 68,952 payable for 11 years

Survival Benefits

Mr. Sharma survives till the end of the payout period

Money Invested in some other savings/investment instrument

Investment

Death In case of uncertain event customer gets Investment + return so the future needs that he was targeting might not get accomplished

Whereas in case of GMIP..

Death Benefits

Incase of death of Mr. Sharma after payment of 5 premiums

Peace of Mind for Mr. Sharma

If this amount would have been invested in any other investment product Mr. Sharma would have got his investment + returns back here in GMIP Mr. Sharma is at peace regarding his childs future needs as he gets His targeted income for his Childs future is safe and secured even if he is there or he is not there. In case of uncertain event his immediate needs are taken care as Guaranteed income starts immediately

Best Gift to Parents

Mr. Pradeep is 30 years old and works in a MNC. His father, Mr. Kumar is retiring after 6 years he wants to gift them something on Diwali which can very useful to them in life.

Step 1: Mr. Pradeep decided that he needs to gift his parents a monthly income of Rs. 5,500
Step 2: He opts for an 6 year policy term Step 3: The premium for his policy comes out to be Rs. 124,404 payable for 6 years

Survival Benefits

If Mr. Kumar survives till the end of the payout period

Death Benefit

Incase of death of Mr. Kumar after payment of 2 premiums

Best Gift to Parents

This is one such gift which will provide monetary benefits to clients in his retirement days and prove to be the best gift from their Child.

Benefit 1: Income received from this policy is non taxable as against all other retirement benefits.
Benefit 2: Even if something happens to his father, mother will start getting the policy benefits immediately hence she will not be dependent on anyone

GMIP: PLAN SPECIFICATIONS

PARAMETERS Entry Age Policy Term* 6 - Pay Min: 25 years Max: 65 years 6 years 11 - Pay Min: 25 years Max: 60 years 11 years

Monthly Income to begin from

Income Payout Period Minimum Monthly Income

Year 7 (Month 73)

10 years Rs. 2000 (In multiples of Rs. 500)

Year 12 (Month 133)

10 years Rs. 2000 (In multiples of Rs. 500)

Sum Assured
Premium Payment Mode

180 times monthly Income

Annual (Only)

240 times monthly Income

Annual (Only)

*Note: Premium Payment Term is equal to the policy term