november 12, 2019 - icici directcontent.icicidirect.com/mailimages/sip_protect_v1.pdf · sip...
TRANSCRIPT
November 12,
2019
Compounding
Power of SIP
FREE
Life
Insurance
+
SIP with added Term Cover without any extra cost for Investors
SIP PROTECT
is a unique
investment solution
that combines
Investment
through SIP
with Free
Life Insurance
Cover
5
Features of SIP Protect
More than 70 Schemes offered across 3 AMCs, *120 X in case of Nippon India AMC
100 X*
Insurance Cover
Start from
age 18 to 51
Cover after
discontinuity
Upto 50
Lacs Cover
No medical
test required
No cost
for insurance
How Insurance
Cover multiplies?
1stYear: 10 Times 2nd Year: 50 Times 3rd Year: 100 Times*
Maximum insurance cover up to ₹ 50 Lakhs.
* Nippon India AMC offers 120 Times of monthly SIP with Maximum insurance cover of ₹ 50 L
How SIP Protect Works?
• Maximum Insurance:
• Cover of 50 Lakhs per investor across all schemes/plans/folios
• Eligibility: Age
• Minimum entry age : 18 Years
• Maximum Entry Age: Below 51 Years
• Cover Continues up to Age: ABSLMF - 60 Years, ICICI Pru & Nippon - 55 Years
SIP ContinuesMonthly Century SIP of ABSL Mutual Fund of Rs. 50,000, started at age 35 alive post 60
Note: Insurance cover would cease, if investor redeems (fully/partially) or switch out (fully/partially) units before completion
of the Century SIP tenure. Returns assumed @ 12% CAGR. *Fund Value = Value of units, accumulated under Century SIP,
at start of the each policy year.
I l l u s t r a t i o n 1
Total invested
amount
Total fund
Value after 25 years*
Insurance
cover
Total
receivable
Rs. 1.5 Crores Rs. 9.48 Crores Ceases at 60 Rs. 9.48 Crores
Note: Insurance cover would cease, if investor redeems (fully/partially) or switch out (fully/partially) units before completion
of the Century SIP tenure. Returns assumed @ 12% CAGR. *Fund Value = Value of units, accumulated under Century SIP,
at start of the each policy year.
I l l u s t r a t i o n 2
Total invested
amount
Total fund
Value after 15 years*
Insurance
cover
Total
receivable
Rs. 90 Lakhs Rs. 2.52 Crores Rs. 50 Lakhs Rs. 3.02 Crores
SIP ContinuesMonthly Century SIP of ABSL Mutual Fund of Rs. 50,000, started at age 35, death at 50
SIP Discontinues before 3 years
Note: Insurance cover would cease, if investor redeems (fully/partially) or switch out (fully/partially) units before completion
of the Century SIP tenure. Returns assumed @ 12% CAGR. *Fund Value = Value of units, accumulated under Century SIP,
at start of the each policy year.
I l l u s t r a t i o n 3
Total invested
amount
Total fund
Value*
Insurance
cover
Total
receivable
Rs. 12 Lakhs Rs. 17.08 Lakhs Ceases Rs. 17.08 Lakhs
Monthly Century SIP of ABSL Mutual Fund of Rs. 50,000, started at age 35,
SIP Discontinued after 2 years, but not redeemed. Death after 2 years at age 39
Total invested
amount
Total fund
Value after 13 Years*
Insurance
cover
Total
receivable
Rs.18 Lakhs Rs. 44.04 Lakhs Rs. 44.04 Lakhs Rs. 88.08 Lakhs
I l l u s t r a t i o n 4
Note: Insurance cover would cease, if investor redeems (fully/partially) or switch out (fully/partially) units before completion of
the SIP Plus tenure. Returns assumed@ 8% CAGR. *Fund Value = Value of units, accumulated under SIP Plus, at start of the
each policy year. #For redemption/claim if SIP discontinues after 3 years - insurance cover equivalent to the fund value of units
allotted under SIP Plus investment at the start of each policy year, is subject to100 times the monthly installment.
SIP Discontinues after 3 years
Monthly SIP Plus of ICICI Prudential AMC of Rs. 50,000, started at age 35,
SIP Discontinued after 3 years, but not redeemed. Death after 13 years at age 48
Total invested
amount
Total fund
Value after 3 Years*
Insurance
cover
Total
receivable
Rs.18 Lakhs Rs. 20.40 Lakhs Rs. 20.40 Lakhs Rs. 40.80 Lakhs
I l l u s t r a t i o n 5
Note: Insurance cover would cease, if investor redeems (fully/partially) or switch out (fully/partially) units before completion of
the SIP Plus tenure. Returns assumed@ 8% CAGR. *Fund Value = Value of units, accumulated under SIP Plus, at start of the
each policy year. #For redemption/claim if SIP discontinues after 3 years - insurance cover equivalent to the fund value of units
allotted under SIP Plus investment at the start of each policy year, is subject to100 times the monthly installment.
SIP Discontinues after 3 years
Monthly SIP Plus of ICICI Prudential AMC of Rs. 50,000, started at age 35,
SIP Discontinued after 3 years, but not redeemed. Death after 3 years at age 38
Total invested
amount
Total fund
Value after 13 years*
Insurance
cover
Total
receivable
Rs.1.8 Lakhs Rs. 6.75 Lakhs Rs. 5 Lakhs Rs. 11.75 Lakhs
I l l u s t r a t i o n 6
Note: Insurance cover would cease, if investor redeems (fully/partially) or switch out (fully/partially) units before completion of
the Century SIP tenure. Returns assumed@ 12% CAGR. *Fund Value = Value of units, accumulated under Century SIP, at start
of the each policy year. #For redemption/claim if SIP discontinues after 3 years - insurance cover equivalent to the fund value
of units allotted under CSIP investment at the start of each policy year, is subject to100 times the monthly installment.
SIP Discontinues after 3 years
Monthly Century SIP of ABSL Mutual Fund of Rs. 5,000, started at age 35,
SIP Discontinued after 3 years, but not redeemed. Death after 13 years at age 48
Total invested
amount
Total fund
value*
Insurance
cover
Total
receivable
Rs.18 Lakhs Rs. 67.56 Lakhs Rs. 50 Lakhs Rs. 1.17 Crores
I l l u s t r a t i o n 7
Note: Insurance cover would cease, if investor redeems (fully/partially) or switch out (fully/partially) units before completion of
the Century SIP tenure. Returns assumed@ 12% CAGR. *Fund Value = Value of units, accumulated under Century SIP, at start
of the each policy year. #For redemption/claim if SIP discontinues after 3 years - insurance cover equivalent to the fund value
of units allotted under CSIP investment at the start of each policy year, is subject to100 times the monthly installment.
SIP Discontinues after 3 years
Monthly Century SIP of ABSL Mutual Fund of Rs. 50,000, started at age 35,
SIP Discontinued after 3 years, but not redeemed. Death after 13 years at age 48
Brief Snapshot
Parameters Nippon India AMC ICICI Prudential AMC Aditya Birla Capital AMC
Minimum / Maximum
Amount
Monthly - Rs.500 per month & in
multiples of Re 1 thereafter
No special Minimum/Maximum
SIP Amount for SIP Plus. Minimum: Rs 1,000/- per month
Quarterly - Rs.1,500 per quarter &
in multiples of Re 1 thereafter
Suggested to refer scheme
information document for
Minimum SIP Instalment
Maximum: No upper limit
Yearly - Rs.6,000 per year & in
multiples of Re 1 thereafter
Change of SIP amount under
Century SIP is not applicable.
Investors should note that once
Century SIP is availed, SIP
amount cannot be changed.
No Maximum Amount suggested
Minimum TenureMonthly – 36 instalments
Quarterly – 12 instalments
Yearly – 3 instalments
Monthly – 36 instalments
Quarterly – 12 instalments
Yearly – 3 instalments
Monthly – 36 instalments
Quarterly – 12 instalments
Yearly – 3 instalments
Maximum TenureTill the customer attains 55 years
of age
Till the customer attains 55 years
of age
Till the customer attains 55 years
of age
Brief Snapshot
Parameters Nippon India AMC ICICI Prudential AMC Aditya Birla Capital AMC
Maximum Cover (Sum
Assured)
50 lakhs per investor across all
schemes/plans/folios
50 lakhs per investor across all
schemes/plans/folios
50 Lakhs per investor across all
schemes/plans/folios at PAN
level
Sum Insured
calculation
Year 1 – 10 Times the equivalent
Monthly SIP Instalment.
Year 2 – 50 Times the equivalent
Monthly SIP Instalment.
Year 3 onwards – 120 Times the
equivalent Monthly SIP
Instalment
All these subject to Maximum
Sum Assured
Year 1 – 10 Times the equivalent
Monthly SIP Instalment.
Year 2 – 50 Times the equivalent
Monthly SIP Instalment.
Year 3 onwards – 100 Times the
equivalent Monthly SIP
Instalment
All these subject to Maximum
Sum Assured
Year 1 – 10 Times the equivalent
Monthly SIP Instalment.
Year 2 – 50 Times the equivalent
Monthly SIP Instalment.
Year 3 onwards – 100 Times the
equivalent Monthly SIP
Instalment
All these subject to Maximum
Sum Assured
Age at Entry 18 to 51 Years 18 to 51 Years 18 to 51 Years
Cover Continues till 55 Years 55 Years60 Years
Brief Snapshot
Parameters Nippon India AMC ICICI Prudential AMC Aditya Birla Capital AMC
SIP Cover
Cessation
At the end of mandated Nippon India
SIP Insure tenure. i.e., upon completion
of payment of all the instalments as
registered or till attaining 55 years of
age, whichever is earlier.
Partial or Full Redemption / switch-out
of units purchased under Nippon India
SIP. Insure before completion of the
mandated SIP tenure / instalments or till
attaining. 55 years of age, whichever is
earlier.
In case of default in payment of three
consecutive monthly / quarterly / yearly
SIP, instalments or five separate
occasions of such defaults during the
tenure of the SIP, duration chosen or till
attaining 55 years of age, whichever is
earlier.
Discontinuation of SIP instalments
before completing the minimum period
of contribution (Monthly – 36
instalments; Quarterly – 12 instalments;
Yearly – 3 instalments) of the opted SIP
tenure.
At the end of mandated SIP Plus
tenure. i.e., upon completion of
payment of all the instalments as
registered or till attaining 55 years
of age whichever is earlier
Insurance cover shall also cease for
respective registration with
immediate effect, if
redemption/switch out/transfer out
transaction is executed (Fully or
Partly)
Investor defaults SIP Plus
installments for Five consecutive
months and SIP Plus is ceased
before completion of 3 years."
At the end of the tenure i.e.
upon completion of 60 years of
age.
Discontinuation of CSIP
instalments within 3 years from
the commencement of the same
Redemption/Switch-out (fully or
partial) of units purchased under
CSIP before the completion of
the CSIP tenure
Two consecutive payment
defaults or four defaults over the
tenure of CSIP.
How to Invest
Login to ICICIdirect.com by providing User
Id, Password, Date of Birth /PAN
Login to ICICIdirect.com
How to Invest
20
Click on Mutual Funds
Click on Mutual
Funds
How to Invest
21
Click on “SIP with Free Insurance”
Click on “SIP with Free Insurance”
How to Invest
22
Select the scheme in which you want to invest and click on “Set up SIP”
Click on “Set up SIP” after selecting the scheme
How to Invest
23
Click on “Continue”
Click on “Continue”
How to Invest
24
Provide Investment details and click on “Proceed”
Click on “Proceed”
Select Folio(in case of existing folio), Provide Nominee
details, Select Frequency, Start Date, enter investment
amount & select Payment Source
Please note that the minimum duration for availing SIP Protect is 3
Years
How to Invest
25
Review investment details and click on “Confirm”
Click on “Confirm”
Accept T&C
Review Investment details
How to Invest
26
Provide a goal, if any for which you would be investing and click on “Confirm”
Click on “Confirm”
Enter the goal for which
you would be investing
SIP Protect
27
A confirmation message would be displayed. You have now successfully set up your SIP under “SIP Protect”
You can view the details of your existing SIP(s) from SIP Book
Investor Support
Investor communication for Insurance managed by respective AMC
ICICI Prudential AMC| [email protected] , Contact No. 022-3381-1729 (Missed call)
Nippon India AMC | Reliance Nippon Life Insurance Co. Ltd, 9th
Floor, RTech Park, Nirlon
Compound, Next to Hub Mall, Off Western Express Highway, Goregoan East Mumbai - 400063
Aditya Birla Capital AMC | [email protected], Toll Free: 1800 2707 000
ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate,
Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. I-Sec is a Member of National Stock Exchange of India
Ltd (Member Code :07730) and BSE Ltd (Member Code :103) and having SEBI registration no. INZ000183631. Name of the
Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address:
[email protected]. Investment in securities market are subject to market risks, read all the related
documents carefully before investing. Composite Corporate Agent License No.CA0113, AMFI Regn. No.: ARN-0845. We are
distributors of Insurance and Mutual funds, Corporate Fixed Deposits, NCDs, PMS and AIF products. We act as a
Syndicate, Sub -syndicate member for IPO, FPO. Please note that Mutual Fund Investments are subject to market risks, read
the scheme related documents carefully before investing for full understanding and detail. Insurance is the subject matter of
solicitation. ICICI Securities Ltd. does not underwrite the risk or act as an insurer. The contents herein above shall not be
considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage
of any kind arising out of any actions taken in reliance thereon.
Disclaimer
Thank You
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.