life insurance products fy 11 12 final

8/6/2019 Life Insurance Products FY 11 12 Final

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Life Insurance Products for FY 11-12 :


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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.


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Produ cts classificati o n : Single Pr emi u m an d Reg u la r Pr emi u m


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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


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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.


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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.


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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.


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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.


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.


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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.


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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.


R ebate in Premium in case of Hig h Sum Assured.


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All the BEST.

life insurance products fy 11 12 final

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