money plus 1

8/8/2019 Money Plus 1

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MONEY PLUS-1

(Plan 193)


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Special Features

Critical Illness Ridercan be taken up to TenLacs (Maximumin this Plan).

Risk Cover Maximum upto 30 timesAnnualized Premium.

Extendedrisk cover afterrevival periodtoo !!Low Fund ManagementCharges.Minimum S.A. relaxedonly 5 time of

Annualized Premium

On special demand we are introducing

Money Plus as it is with some attractivefeatures in Non Single Premium.


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SN Point OfDifference MONEY PLUS T.No. 180 MONEY PLUS-1 T.No. 193

1Maximum

Term20 Yrs. 30 Yrs.

2

Maximum

S.A.

20 Times of Annualized

Premium


Premium

3Minimum

S.A.


Premium or Half of the

term times which ever is

more

only 5 Times of

Annualized Premium

4 Mode Yly,Hly,Qly& Single No Single OnlyYly,Hly,Qly& ECS

5 CIR Max- 5 Lacs Max- 10 Lacs

6

Maturity

Settelment

Option

Irregular Settlement Option

in next 5 years of Matuirty

Available

Not Available

Point Of Difference


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S

N

Point Of

Differenc

e

MONEY PLUS T.No. 180 MONEY PLUS-1 T.No. 193

7

Second

year &

onwardsT

he Policy

Administration

charge

Rs. 20/- per month thereafter

Rs 20/- per month during the

second year and thereafter,

from the third year on wards

till the end of the policy term

Rs. 20/- per month escalating

at 3% p.a.

8

FundManagem

ent

Charges

0.75% p.a. of Unit Fund for

Bond Fund 1.00% p.a. of UnitFund for Secured Fund 1.25%

p.a. of Unit Fund for Balanced

Fund 1.50% p.a. of Unit Fund for

Growth Fund

0.60% p.a. of Unit Fund for

Bond Fund 0.80% p.a. of UnitFund for Secured Fund 1.00%

p.a. of Unit Fund for Balanced

Fund 1.20% p.a. of Unit Fund for

Growth Fund


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S

N

Point Of

Difference

MONEY

PLUS

T.No. 180

MONEY PLUS-1 T.No. 193

9

Option to

continue

life cover

after

revival

period

elapse

Not Available

If atleast three years premiums have

been paid under the policy, the

policyholder may opt for continuation

of cover even beyond the revival

period without reviving the policy and

paying any further premiums. This

option shall be required to be

exercised atleast one month before

the completion of the revival period. If

this option is availed, the cover under

the policy shall continue by deduction

of relevant charges out of policy fund.

This option shall continue till thePolicyholders Fund Value reaches

one annualized premium. No further

premiums shall be allowed to be paid

after the revival period is over.


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Features

This is a Unit Linked EndowmentPolicy

After deducting Administrative ,Mortality

& Rider Charges, the balance is invested in

Units


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Units are of 4 types

Bond

Incom

eBalancedGrowth Fund

The units are available at NAV to be declared daily !!


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Benefits

Option at MaturityToreceive in one lump sum at Maturity

Toreceive in Regularinstallments for nextFive Years (Yearly, Half yearly, Quarterly).No administrative charge deductionduring this period


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Benefits

Option to take surrender value only after

completion of 3 policy years.

Death BenefitOn untimely death during the

term of the policy Sum Assured or Fund Value

will be payable which ever is higher.


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Choose the Sum Assured as per your wish in therange available

Regular Prem- from 5 times ofAnnual

Premium up to 30 times the annualizedpremium. (Min S.A.25,000 & in multiple of5,000 Min. Prem 5,000/- )for higher agesslightly lower.


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RIDERS


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Critical Illness Rider

As per other plans.Subject to usual rules.

Min premium 0.72 per thousand for age 18

To 20.51 per thousand for age 59

Maximum up to Ten Lacs


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Accident BenefitRider

Available maximum up to Sum Assured

at Re. 0.50 per Rs. 1000/- S A

subject to usual rules( sub to max limit of 50,00,000 )


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FLEXIBLEFEATURES


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SWITCHING OFFUNDS

Switching is allowed between any fund types

during the policy term

Within a policy year, 4 switches are free.

Thereafter SwitchingCharge Rs.100/-

Switching is done at NAV Rates itself !!


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Auto

Cov

er

If premiums are not paid after 3 years, the

rider premiums + AdminCharges will berecovered from the policy fund.

Full Risk Coverage with rider benefits willcontinue !!!! For next Two years there after

policy will be surrendered ifnot revivedduring this period. No late fee for delayedpremium.


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Continuation of cover even

beyond the revival period

If atleast three years premiums have been paidunder the policy, the policyholder may opt forcontinuation of cover even beyond the revival period

without reviving the policy and paying any furtherpremiums. This option shall be required to beexercised atleast one month before the completion ofthe revival period. If this option is availed, the coverunder the policy shall continue by deduction of

relevant charges out of policy fund. This option shallcontinue till the Policyholders Fund Value reachesone annualized premium. No further premiums shallbe allowed to be paid after the revival period is over.


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Top-Up Premium

NO TOP UP ALLOWED

PARTIAL WITHDRAWAL ALLOWED

After completion ofthree years.

Risk / Sum Assured will be reduced to the extent of% ofpartialwithdrawal. It will be restored after two years from partial

withdrawal.


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Premature Withdrawal

Liquidity after 3 year

If the policyholder opts for Premature

Withdrawal after 3 years, the NAV of the totalunits in his account will be returned back.

Compulsory withdrawal if premiums remainunpaid for more than two years from date of

FUP


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Allocation Charges

Annual Pre

miu

mP

olic

yPremium Band 1stYear 2nd & 3rdYear 4thYear

onwards

5000-75000 26.50 % 5.00 % 2.50 %

75001 to 150000 25.50 % 5.00 % 2.50 %

150001to 300000 24.00 % 5.00 % 2.50 %

300001 & above 23.00 % 5.00 % 2.50 %


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Administrative Charges

First year Rs.720, Second year

Rs.240 & 3% increasing thereafterdeductible every month (I.e. rs. 60,

rs.20 & 3% increasing on 20/-

resp.)


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Underwriting Rules

Age at entry New born Baby to 65 years NBD

Plan available to ALL Male & Female lives

Branch Level Underwriting

Std Age Proof/NSAP-1/2/3+ MedicalRequirements as per SUC for all class of EMR

SUC

as per Endowment PlanPlan can be offered to NRIs


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Unit linked Endowment Insurance plan.

Wide Age band Starts from New Born Baby to 65 years

Caters 3 Main Insurance Markets - Child, Pension &

Investment Markets.

Quantum of Insurance Choice of Customer.

Easy FULL Liquidity.

Partial Liquidity. Charges Nil.

No Exit Load. Surrender Charge NIL


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Settlement OptionsAvailable

High allocation ..comparing with Pvt company ULIPS.

OPTION TO CHANGE OVER IN PATTERN OF INVESTMENT.

Accident Benefit Rider Optional at nominal cost.

Health Ins. Rider ( CIR ) Optional.

Entry Level Tax Benefits Available.

Accrual Level Tax Benefits- Available.

Exit Point Tax Benefits -Available


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People leftoutin Money Plus

People Interestedin Ltd. P.P.T.

People with irregularflow ofincome

People investing in Mutual funds

People who prefer Bank FDs

People who invest in Post office savings instruments.

People who complain about poor returns in

endowmentsPeople who invest for childs edu-fund, ForeverYoung fund ( pension).

Best Target Group


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Write 1 on calculator

then put decimal point .

Then Interest rate, let itbe 10% (10/100=0.10)

It looks like ---- 1.10Then press

multiplication buttontwo times and thenpress = button for thatmany times for thatno.of years you want NAV.

after No. at interest NAV

of Years rate 10 %

1 1.10 X X 10 = 11.0000

2 1.10 X X 10 = = 12.10003 1.10 X X 10 = = = 13.3100

4 1.10 X X 10 = = = = 14.6410

5 1.10 X X 10 = = = = = 16.1051

6 1.10 X X 10 = = = = = = 17.7156

7 1.10 X X 10 = = = = = = = 19.4872

8 1.10 X X 10 = = = = = = = = 21.4359

9 1.10 X X 10 = = = = = = = = = 23.5795

10 1.10 X X 10 = = = = = = = = = = 25.9374


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S.N. NAME % Holding

1 ONGC 5.81

2 RELIANCE INDUSTRIES LTD. 5.39

3 INFOSYS TECHNOLOGIES LIMITED 5.04

4 ITC LTD. 4.05

5 TATA CONSULTANCY SERVICES LIMITED 3.55

6 HINDUSTAN LEVER LTD. 3.02

7 STATE BANK OF INDIA 3.018 INDIAN HOTELS CO. LTD. 2.82

9 TATA MOTORS LTD 2.76

10 MAHINDRA & MAHINDRA LTD. 2.75

11 LARSEN & TOUBRO LIMITED 2.75

12 BHARTI AIRTEL LTD 2.74

13 MARUTI UDYOG LTD 2.62

14 CIPLA LTD. 2.5

15 ACC LIMITED 2.27

16 TATA STEEL LIMITED. 2.1

17 BAJAJ AUTO LTD. 2.09

18 GAS AUTHORITY OF INDIA 2.03

19 NATIONAL ALUMINIUM CO LTD 2.02

20 RANBAXY LABORATORIES LTD. 1.95

Equities


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DO

C 22-05-2008 CIR 300000 Age 25

S.A. 300000 Rate of Int. 10% Units Scraped for Charges Cumm fund

AB 300000 YEARLY Balance 1.1 Rate of Units Admin Mort Accident Critical Service ulative value

Year Premium Risk Cover NAV Allocation Allocated Charge ality Benefit Illness Tax units

1 22-05-2008 10000 293669 10.0000 0.7350 735.0000 68.57 40.57 14.29 26.00 9.99 576 6331

2 22-05-2009 10000 283836 11.0000 0.9500 863.6364 20.78 36.10 12.99 24.42 9.09 1336 16164

3 22-05-2010 10000 273026 12.1000 0.9500 785.1240 19.46 31.95 11.81 22.90 8.24 2027 26974

7 22-05-2014 10000 216731 17.7156 0.9750 550.3621 14.96 18.28 8.06 20.48 5.79 4273 83269

8 22-05-2015 10000 199009 19.4872 0.9750 500.3292 14.01 15.46 7.33 19.94 5.28 4711 100991

9 22-05-2016 10000 179545 21.4359 0.9750 454.8447 13.11 13.26 6.66 19.73 4.90 5108 120455

10 22-05-2017 10000 158178 23.5795 0.9750 413.4952 12.28 11.31 6.06 19.87 4.60 5468 141822

11 22-05-2018 10000 134716 25.9374 0.9750 376 11.50 9.53 5.51 19.83 4.31 5793 165284

12 22-05-2019 10000 108954 28.5312 0.9750 342 10.77 7.78 5.01 19.93 4.04 6087 191046

13 22-05-2020 10000 80674 31.3843 0.9750 311 10.08 6.12 4.55 20.30 3.83 6353 219326

14 22-05-2021 10000 49638 34.5227 0.9750 282 9.44 4.43 4.14 21.02 3.66 6593 250362

15 22-05-2022 10000 15565 37.9750 0.9750 257 8.84 2.68 3.76 21.67 3.47 6809 284435

20 22-05-2027 10000 -245629 61.1591 2.9750 486 6.36 0.00 2.34 22.33 3.05 8110 545629

21 22-05-2028 10000 -341424 67.2750 3.9750 591 5.96 0.00 2.12 22.55 3.05 8668 641424

25 22-05-2032 10000 -949477 98.4973 7.9750 810 4.58 0.00 1.45 23.55 3.09 11532 1249477

26 22-05-2033 10000 -1169266 108.3471 8.9750 828 4.29 0.00 1.32 23.87 3.11 12328 1469266

27 22-05-2034 10000 -1421719 119.1818 9.9750 837 4.02 0.00 1.20 23.73 3.08 13133 1721719

28 22-05-2035 10000 -1710072 131.0999 10.9750 837 3.76 0.00 1.09 23.60 3.05 13939 2010072

29 22-05-2036 10000 -2037807 144.2099 11.9750 830 3.52 0.00 0.99 23.91 3.08 14737 2337807

30 22-05-2037 10000 -2397886 158.6309 11.9750 755 3.30 0.00 0.90 23.85 3.06 15461 2697886


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What you earn after the end of the year vide various interest rates

Premium Paying term 20 AGE 5 YLY pre 10000 Acc. Ben 300000

Benefit of Risk TERM 30 SA 300000 CIR 300000

Then the Fund Value of Units Value at the end of term with Given Rate

6% 10% 12% 15% 18% 20%

Term 1.06 1.1 1.12 1.15 1.18 1.2

3 25014 26974 27986 29550 31172 32286

4 35586 39117 40975 43893 46973 49120

5 46789 52469 55519 60386 65619 69324

6 58650 67146 71801 79348 87622 93571

7 71196 83269 90018 101140 113574 122661

8 84465 100991 110411 126197 144202 157579

9 98489 120455 133225 154996 180338 199483

10 113296 141822 158740 188089 222966 249769

11 128935 165284 187284 226130 273273 310134

12 145444 191046 219218 269865 332653 382593

13 162862 219326 254944 320151 402680 469446

14 181221 250362 294906 377923 485188 573544

15 200574 284435 339639 444229 582412 698325


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What you earn after the end of the year vide various interest rates

Premium Paying term 20 AGE 5 YLY pre 10000 Acc. Ben 300000

Benefit of Risk TERM 30 SA 300000 CIR 300000

Then the Fund Value of Units Value at the end of term with Given Rate

6% 10% 12% 15% 18% 20%

Term 1.06 1.1 1.12 1.15 1.18 1.2

16 220970 321896 389593 520331 696986 847912

17 242502 362974 445412 607718 832051 1027282

18 265209 407983 507751 708032 991244 1242342

19 299817 468360 588637 834758 1190755 1512275

20 347089 545629 690281 991844 1437827 1848043

21 407601 641424 815120 1183788 1740965 2262756

22 482153 757605 965946 1415825 2110268 2772210

23 571589 896211 1145875 1693971 2557646 3395354

24 676675 1059357 1358272 2025011 3097020 4154791

25 798333 1249477 1607014 2416860 3744930 5077763

26 937553 1469266 1896459 2878636 4520909 6196972

27 1095416 1721719 2231519 3420856 5448039 7551694

28 1273013 2010072 2617639 4055558 6553496 9189002

29 1471420 2337807 3060835 4796501 7869266 11165298

30 1681308 2697886 3556782 5648146 9421431 13536406


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