life insurance products fy 11 12 final
TRANSCRIPT
-
8/6/2019 Life Insurance Products FY 11 12 Final
1/12
Life Insurance Products for FY 11-12 :
-
8/6/2019 Life Insurance Products FY 11 12 Final
2/12
AT A Glance
Th e Key mantra for t h is year is 3Ps i.e. Profitability, Productivity and Products per customer.
Th is year t h e focus would be towards t h e Weighted Recited Premium (WRP) , wh ich would h elp us to deliver our Target for Numbers and Revenue both.
Th is presentation would h elp us understand better t h e products and t h eir key featureswh ich in turn will enable us to pitc h th e rig h t product to t h e rig h t customer.
-
8/6/2019 Life Insurance Products FY 11 12 Final
3/12
Produ cts classificati o n : Single Pr emi u m an d Reg u la r Pr emi u m
-
8/6/2019 Life Insurance Products FY 11 12 Final
4/12
-
8/6/2019 Life Insurance Products FY 11 12 Final
5/12
Age of Entry:
0yrs (18 yrs for additional rider) to 65 yrs. Maturity Age: 7
0yrsNature of product : Unit Linked group insurance sc h eme ( ULIP Single Premium)
Fund Options : Group Asset Allocation, Group Equity Index, Group Debt Fund, Group Liquid Fund, Group S h ort term Debt FundPremium A llocation Charge: 10%Switches: 0 .5% of t h e switc h amount or R s 1 00/ - wh ich ever is lower after t h ree free switc h es during eac h members h ip year Rider Options:UL Group Accidental Deat h Benefit R ider UL Group Accidental Permanent T otal / Partial Disability Benefit R ider
Death Benefit: Single Premium Fund Value plus T op Up Premium Fund Value if any, as on t h e date of receipt of intimation of deat h at th e office.
Unique Selling Propositions :
Liquidity : No Lock-in period. ( Th e policy can be surrendered at any point in time after paying t h e surrender c h arges) Th e deat h benefit is Sum Assured + Fund Value, w h ich secures bot h th e investment returns and R isk Covered in case of anyeventuality.
An exclusive product w h ich can be only sold by D h anlaxmi Bank to its members.5 Fund Options to suit t h e requirement and risk appetite of t h e Investor.
T ax Benefit U /S 8 0 CC and 1 0 (10 D).
GUG Single Pr emi u m : At a Glance
-
8/6/2019 Life Insurance Products FY 11 12 Final
6/12
GUG RP ( Reg u la r Pr emi u m) At a Glance :
A ge of Entry: 0 yrs (18 yrs for additional rider) to 65 yrs .Maturity A ge : 70 yrsNature of product : Unit Linked group insurance sc h eme ( ULIP R egular Premium)Fund Options : Group Asset Allocation, Group Equity Index, Group Debt Fund, Group Liquid Fund, Group S h ort term Debt FundPremium A llocation Charge: 10%Switches: 0 .5% of t h e switc h amount or R s 1 00/ - wh ich ever is lower after t h ree free switc h es during eac h members h ip year Rider Options:UL Group Accidental Deat h Benefit R ider UL Group Accidental Permanent T otal / Partial Disability Benefit R ider
Rider Options: UL Group Accidental Deat h Benefit R ider, UL Group Accidental Permanent T otal / Partial Disability Benefit R ider
Death Benefit: S um Assured Plus Th e R egular Premium Fund Value as at date of receipt of intimation of deat h of t h e member Plus
Th e T op Up Premium Fund Value, if any, as at date of receipt of intimation of deat h of th e member.
Unique Selling Propositions :Liquidity : No Lock-in period. Th e policy can be surrendered at any point in time after paying t h e surrender c h arges )
Th e deat h benefit is Sum Assured + Fund Value, w h ich secures bot h th e investment returns and R isk Covered in case of anyeventuality.
An exclusive product w h ich can be only sold by D h anlaxmi Bank to its members.5 Fund Options to suit t h e requirement and risk appetite of t h e Investor.T ax Benefit U /S 8 0 CC and 1 0 (10 D).
NO LIMI T MAXIMUM ON SUM ASSU R ED. ( Limits to be as per t h e under writing Norms of BALIC)3% of First Year Annualized premium guaranteed every 3 years provided t h e annual premium is continued.Maximum Non medical Limits up to 3 0 Lacs Sum Assured.
-
8/6/2019 Life Insurance Products FY 11 12 Final
7/12
M o ney Sec ur e ( Reg u la r Pr emi u m) at a Glance :
A ge of Entry: 3 yrs (18 yrs for additional rider) to 65 yrs (5 0 years for additional rider benefits subject to max maturity agecondition)
Maturity A ge : Minimum: 18 yrs, Maximum: 75 yrs.
Nature of product : Non Participating Unit Linked R egular Premium Endowment Plan
Fund Option : Assured R eturn Fund - R isk Profile Medium. Th e fund strategy would be to invest in following mix of assets:
Indicative Portfolio Allocation: Equity & Equity R elated Instruments : 0% - 50% , Debt & Debt R elated Instruments : 0% - 100% ,Mutual Funds (a) and Money market instruments : 0% - 40%
Premium A llocation Charge: 10 % allocation c h arges for first 2 years and 7 % Allocation c h arges for 3 rd to 5 th year t h ere onwardsAllocation C h arges is 2 % .
Switches: Switc h ing C h arge Not Applicable, as t h ere is only one fund under t h is product.
Rider Options: UL Accidental Deat h Benefit R ider , UL Accidental Permanent T otal / Partial Disability Benefit R ider, UL CriticalIllness Benefit R ider, UL Hospital Cas h Benefit R ider, UL Family Income Benefit, UL T erm R ider, UL W aiver of PremiumBenefit.
Death Benefit : Hig h er of t h e Value of Sum Assured or Fund Value at occurrence of Eventuality.
Unique Selling Propositions :
Guarantee Minimum maturity Value
Automatic Annual Increase in SA from 6t h Policy Anniversary
Option to select t h e policy term & Prem Payment T erm.
-
8/6/2019 Life Insurance Products FY 11 12 Final
8/12
I nvest Gain ( Reg u la r Pr emi u m) at a Glance :
A ge of Entry : Invest Gain Economy- 0 (Risk Starts @ 7 yrs ) to 65 yrsInvest Gain Gold /Platinum / Diamond : 18 yrs to 5 0 years.
Maturity A ge: 70 yrsNature of Product : Participating Endowment Plan
Rider Options: Compre h ensive Accident Protection Benefit, Hospital Cas h Benefit, Critical Illness, Family Income Benefit
Death Benefit:
Invest Gain Economy: Sum Assured + Accrued Bonuses
Invest Gain Gold: Double SA + Accrued BonusesInvest Gain Diamond: T riple SA + Accrued Bonuses
Invest Gain Platinum: Quadruple SA + Accrued Bonuses
Unique Selling Proposition:
Limited Premium Payment T erm Option
Minimum Guaranteed Benefits at Maturity or Deat h
Ch oice of Additional R iders
4 Product Packages Available
Provision of Annual, Interim & T erminal Bonus
Policy accepted as collateral security to avail loan.
-
8/6/2019 Life Insurance Products FY 11 12 Final
9/12
C hil d Gain ( Reg u la r Pr emi u m) at a Glance :
A ge Of Entry : Ch ild Age- 0 to 13; CLA Age ( Counter Life Assured : Parent)- 2 0 yrs to5 0 yrs
Maturity A ge of Child: 21 yrs or 24 yrs
Nature of product: Participating Endowment Plan
Riders : Inbuilt R iders Premium W aiver Benefit, Family Income Benefit
Death Benefit: :
In case of deat h of Proposer-ParentFuture premiums are waived off Th e ch ild will get a regular income on mont h ly basis w h ich will be 1 % of sum assured.
Unique Selling Proposition:
Limited Premium Payment T erm w h ich means t h at premiums are payable till t h e ch ild attains 18 years age
Minimum guaranteed benefits of 1 0 5% of sum assured for C h ild Gain 21 & 115 % of sum assured for C h ild Gain 24.
Contributions grow by t h e way of compounded annual bonuses, w h ich will be paid wit h th e first guaranteed payout.
-
8/6/2019 Life Insurance Products FY 11 12 Final
10/12
C ash Gain ( Reg u la r Pr emi u m) at a Glance :
A ge of Entry:
Maturity A ge : 7 0 yrs
Nature of product: Participating Money Back PlanRider Options : Compre h ensive Accident Protection Benefit, Hospital Cas h Benefit, Critical Illness, Family Income Benefit
Death Benefit:
Cas h Gain Economy: Sum Assured + Accrued Bonuses
Cas h Gain Gold: Double SA + Accrued Bonuses
Cas h Gain Diamond: T riple SA + Accrued Bonuses
Cas h Gain Platinum: Quadruple SA + Accrued Bonuses
Unique Selling Proposition :
Offers Minimum Guaranteed Benefits at Survival on certain years during t h e policy term or on deat h , wh ich ever is earlier.
Ch oice of 4 Product packages to suit various needs
Provision of Annual Bonus, Interim Bonus & T erminal Bonus.
-
8/6/2019 Life Insurance Products FY 11 12 Final
11/12
N ew Risk C a r e II ( Reg u la r Pr emi u m) :
A ge of Entry: 18 yrs- 6 0 yrsMaturity A ge: 65 yrs
Nature of product: Th is is a non-participating R egular / Single premium term assurance plan.
Riders : Compre h ensive Accident Protection Benefit, Hospital Cas h Benefit, Critical Illness
Death Benefit: Sum Assured is payable, in case of deat h of th e policy h older during t h e policy term.
Unique Selling Proposition:
R ebate in Premium in case of Hig h Sum Assured.
-
8/6/2019 Life Insurance Products FY 11 12 Final
12/12
All the BEST.