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USPs Limited Period –Close ended Plan. Returns –Guaranteed Sum Assured at Maturity Single One Time investment with No Upper Limit. Life Cover – 5 times.

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Presentation on theme: "USPs Limited Period –Close ended Plan. Returns –Guaranteed Sum Assured at Maturity Single One Time investment with No Upper Limit. Life Cover – 5 times."— Presentation transcript:

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2 USPs Limited Period –Close ended Plan. Returns –Guaranteed Sum Assured at Maturity Single One Time investment with No Upper Limit. Life Cover – 5 times of Premium paid. Loyalty Addition, if any, payable on maturity. Easy Liquidity- Loan/SV available after 1 year. Plan available for children aged 8 yrs & above. IT rebate available u/s 80c & 10(10)(d). Back Dating allowed. LICs Jeevan Vriddhi-808

3 ConditionDescription Age at entry 8 years to 50 years Policy Term10 years Premium ModeSingle PremiumMinimum- Rs.30,000/- ( in multiples of 1000) Sum AssuredMin -150,000/- Max- No upper limit. OthersService Tax @ 1.545 % on Premium. LICs Jeevan Vriddhi-808

4 Benefits Maturity BenefitGuaranteed Maturity Sum Assured + Loyalty Additions, if any. Death Benefit5-times Single Premium excluding extra premium, if any. Liquidity Loan FacilityAvailable after 1 yr (approx 63% of premium paid)

5 LICs Jeevan Vriddhi – 808 High Premium Rebate Basic PremiumIncrease in Guaranteed Maturity Sum Assured Below Rs. 50,000Nil Rs. 50,000 to Rs. 99,0001.25% Rs. 1,00,000 and above3.00% Surrender of Policy Surrender Value: Available after expiry of one policy year. Higher of Guaranteed Surrender Value (GSV-which is 90% of Single premium paid ) and Special Surrender Value (SSV). LICs Jeevan Vriddhi-808

6 LICs Jeevan Vriddhi – 808 Benefit Illustration - I Age20 years Policy Term10 years ModeSingle Premium (incl S.T.)30,464 Immediate tax savings assuming @ 10%3,000 Net Outgo27,464 Death Benefit150,000 Maturity Benefit: Gtd Maturity SA58,665 IRR on Gtd. Mty Sum Assured.7.88% Loyalty Addition @ 10% p.a. return7,333 Total Maturity Benefits65,998 IRR (compounding annually)9.16% LICs Jeevan Vriddhi – 808

7 Benefit Illustration - II Age35 years Policy Term10 years ModeSingle Premium (incl. S.T.)101,545 Immediate tax savings assuming @ 20 %20,000 Net Outgo81,545 Death Benefit500,000 Maturity Benefit: Gtd Maturity SA197,023 IRR on Gtd. Mty. SA9.23% Loyalty Addition @ 10% p.a. return24,628 Total Mty Benefit221,651 IRR (compounding annually)10.51% LICs Jeevan Vriddhi – 808

8 Jeevan Vriddhi vs BANK FD Rs. 10 Lac in Bank FD @ 9.25% YRPrincipalAmt at yr end 11000,000 10,92,500 21095,000 11,93,556 31199,025 13,03,960 41312,932 14,24,577 51437,661 15,56,350 61574,239 17,00,312 71723,791 18,57,591 81887,552 20,29,418 92066,869 22,17,139 102217,139 24,22,224 TDS @ 30% 4,26,667 Net in hand 19,95,557 Actual IRR 7.48% Rs. 10 Lac in Jeevan Vriddhi at age 25 Yrs Sum Assured50,00,000 Premium10,15,450 Tax Rebate @ 30% for 1 Lac30,000 Net outgo9,85,450 Guaranteed Maturity Benefit20,09,479 IRR on Gtd. Mty Sum Assured7.39% Loyalty2,51,185 Total Returns 22,60,664 IRR (compounding annually)8.65% Apart from better returns the customer gets Free Risk cover of 50,00,000. On death- 50 Lacs payable whereas in Bank FD accumulated value paid with deduction of TDS Easy Liquidity – Loan/Surrender after 1 yr. Loan@ 10.25% as against >14% in the banks.

9 Jeevan Vriddhi v/s NSC for 10 yrs at age 25 yrs- Amt invested-10 Lacs Risk Cover (Sum Assured)50,00,000 Premium10,15,450/- Tax rebate @ 30%30,000/- Net Outgo9,85,450/- Term Assurance Prem (as per 190–S P for term 10 yrs)71,650/- Actual Investment9,13,800/- Gtd Mty Sum Assurred20,09,479/- IRR on Gtd Mty SA8.20% Loyalty Addn.2,51,185/- Total Proceeds22,60,664/- IRR (compounding annually)9.48% Amount invested in NSC10,15,450/- Interest declared for current yr8.75% Proceeds at the end of 10 yrs23,49,369/- Tax on interest from NSC @ 30% of 13,33,919/-4,00,176/- Net Receivable19,49,193/- IRR Compounding on Net Outgo - post tax7.06%

10 Jeevan Vriddhi vs NSC & Bank FD So the Policy holder gets –Better & guaranteed Returns. –Risk Cover absolutely free. –Guaranteed Sum Assured in case of untimely death against only the accumulated value with deduction of TDS. –Easy Liquidity in the form of Loan at lower interest.

11 Jeevan Vriddhi Under-Writing AGESMAX. Single Premium ALLOWED MAX. SA ALLOWED SUC 8 & 9 Yrs6.25 Lacs31.25 Lacs25.00 Lacs 10-17 yrs2 Lacs10 Lacs8 Lacs 8-17 yrs12.49 Lacs ( with Juvenile FMR) 62.45 Lacs49.96 Lacs 18-35 yrs3.75 Lacs18.75 Lacs15 Lacs 36-45 yrs2.50 Lacs12.50 Lacs10 Lacs 46-50 yrs0.50 Lacs2.5 Lacs2 Lacs Applicable to Minors, Male & Female Lives-Cat.I, II, & III. Premium that can be brought under Jeevan Vriddhi, at different ages without any special reports

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