Invest 4G · 2020. 10. 11. · Invest 4G A Individual Linked Life Insurance cum Savings Plan UIN: 136L064V03 ^This document is strictly for internal training purposes only and is

Invest 4G

A Individual Linked Life Insurance cum Savings Plan

UIN: 136L064V03

“This document is strictly for internal training purposes only and is not to be used for soliciting business”

"This is the authorized presentation and should not be altered without the permission of the Insurance Company.“

Key Benefits

Three Cover Options to suite different life stages

100% premium allocation (Entire premium invested)

Return of Mortality Charge

Freedom to customize the plan

Loyalty addition & Wealth booster

Option to choose from 8 funds in line with Investment Objective and Risk Appetite

Key Benefits

Multiple Portfolio Management Options to manage investment as per risk preference

Systematic Withdrawal Option To create regular income stream during Policy Term

Milestone Withdrawal Option for enhanced liquidity at regular milestones

Liquidity by way of partial withdrawals to meet unplanned contingencies

Tax Benefit under Section 80C and Section 10(10D), as per prevailing Income Tax Act, 1961

Invest4G – The Journey

Choose Cover Option and Premium Amount

• Life Option

• Care Option

• Century Option

Choose Premium Payment Term, Policy Term (and SA Multiple - in

case of Single Pay)

• Life & Care Option Limited Pay/Regular Pay – 10 to 30 Years

• Century Option Limited Pay/Regular Pay – 100- Entry Age

• Single Pay – 5 to 30 Years

Choose Funds and Portfolio Management Option

• 8 Unit Linked Funds with different risk appetites

• 4 Portfolio Management Option

Invest 4G – Plan Options

Life Option

Option 1

Option 2

Option 3

Invest 4G

Century Option Care Option

Options to match Needs

Options to match Needs

Life Option

A Standard ULIP

• A simple option that provides the accumulated prevailing

fund value at maturity , along with life cover

Care Option

Securing child’s future

• This option ensures that savings contributions are made even in

absence of Life Assured by means of ‘Premium Funding

Benefit’, thus ensuring a secure future for their dependents

Century Option

A whole life variant

• Option that provides life cover till 100 Years of age and

ensures creation of legacy for loved ones

The Cover Option can be chosen at inception only and cannot be changed later

3 2 1

Funds & Fund Management Options

R I SK

RETURN

Emerging Leaders Equity Fund-

Nifty Midcap 50 index

India Multi-Cap Equity Fund- CNX Nifty 100

Equity II Fund- Nifty 50

Growth Plus Fund- 80% Nifty 50 + 20% CRISIL Composite Bond Fund Index

Balanced Plus Fund- 50% Nifty 50 + 50% CRISIL Composite Bond Index

Debt Fund- CRISIL Composite Bond Index

Liquid Fund- CRISIL Liquid Fund Index

Investment primarily into large cap portfolio

Aggressive strategy with investment in mid, small and large caps

Investment predominantly into bonds, govt. secs etc

Balanced approach – mix of equity & debt funds

8 different funds to cater to different needs & risk appetite

Complete suite of 8 funds

Large Cap Advantage Fund

Nifty index

Fund Names

Large Cap

Advantage

Fund

Emerging

Leaders

Equity Fund

India Multi-

Cap Equity

Fund

Equity II

Fund

Growth

Plus Fund

Balanced

Plus Fund Debt Fund Liquid Fund

Min Max Min Max Min Max Min Max Min Max

Min Max Min Max Min Max

Compon

ents

Equity 90% 100% 60% 100% 60% 100% 60% 100% 50% 90%

30% 70% - - - -

Debt

Securities - - - - - - - -

10% 50%

30% 70% 60% 100% 0% 60%

Money

Market 0% 10% 0% 40% 0% 40% 0% 40%

0% 40% 0% 40% 0% 40% 40% 100%

Risk Profile High High High High Medium to

High Medium

Low to

Medium Low

8 Investment Funds Self Managed option to customize investment

• Customer can choose/design his fund allocation as per his choice and risk preference

• Choice of 8 investment funds with 0% to 100% equity exposure

• Flexibility to switch percentage of policy holder’s existing fund between other funds and adjust the investment portfolio through switching option

• This option works on the rupee cost averaging method where every month policyholder’s money is systematically moved from low risk fund (liquid fund) to high risk fund (Equity II Fund / India Multi -cap Equity Fund/ Emerging Leaders Equity Fund or Large Cap Advantage Fund) on monthly basis

Systematic Transfer Option

• The fund value systematically moves into relatively low risk Liquid Fund at the beginning of each of the last 4 years of the Policy .

Safety switch option

• Policyholder can maintain allocation of their investments in a specific proportion across funds, irrespective of market movements.

Auto Fund Rebalancing

• This option enables policyholder to take advantage of the equity market by protecting their gains from the future market volatility.

• Through this option basis target appreciation percentage chosen equity gains made during the investment period is automatically transferred to a lower risk debt fund starting from the 2nd year onwards to ensure that the gains of the fund are protected

Return Protector Option

1

3

2

4

Only one ‘Option’ will be operational at any given time.

Portfolio Management Options Ready made solutions to take best advantage of market movements

• Reduces the risks associated with lump sum investing

• No need to time the market or worry about buying low selling high

• Systematic way to enter the equity market

• Beneficial in volatile market– helps in reducing the average cost per unit

• Effective way to accumulate wealth over time

Systematic Transfer Option Benefit of Rupee Cost Averaging

Equity II Fund or India Multicap Equity, Emerging Leaders Equity Fund or Large Cap

Advantage Fund

Liquid Fund

2400 units

1st Jun 18 1st Jul 18

200 Units

Units may vary at the time STO due to NAV movement

1st Aug 18

RPO and STO can not be opted together

…So on

2200 units

200 Units

2000 units

200 Units

200 Units

1/12th units

1/11th units

1/10th units

1st May 19

BI can be generated with STO as an option

Systematic Transfer Option How does it work?

1st Jun 18 1st Jul 18 1st Aug 18 …So on 1st May 19

The funds are systematically moved to a relatively low risk Liquid Fund in the last four policy years to avoid market movements and safeguard your funds near policy maturity

Maturity

Last 4 yrs

Safety Switch Option (SSO) Protection from volatality towards the end of the policy term

Note: SSO – NOT applicable for Whole of Life option

3

4

Large Cap Advantage Fund, Emerging Leaders, Multi-Cap Equity, Equity II, Growth+ , Balanced +, Debt Fund

Liquid

* T = Policy Term

T-3

T-2

T-1

T

At the start of Policy Year

70% 30%

40% 60%

10% 90%

0% 100%

Note: SSO – Not applicable for Whole of Life option

Safety Switch Option (SSO) Protection from volatality towards the end of the policy term

Auto Fund Rebalancing Take advantage of market movements

Total fund gets rebalanced after every 3 months as per the allocation % in funds, chosen at inception or later

For Example, if this option is chosen

At inception, the rebalancing trigger will take effect on the date at the interval of 3 months w.e.f. policy commencement date.

If the policy commenced on 25th day of the month, then the first and subsequent trigger will happen on 25th day of every third month.

If chosen at a Later date, the rebalancing trigger will take effect on the date after every 3 months after the request has been received .

If policy commenced on 1st Jan’18 and Auto Fund Rebalancing request is received on 15th Jan’18, then first rebalancing will happen on 15th Apr’18 and at subsequent 3 Months intervals.

50% 50%

50% 50% 50% 50%

75% 25% 25%

75%

10 Dec 10 Jun’18

Equity II Fund

Balanced + Fund

Above details are based on assumptions only, customer can select this Option at inception or any time later with minimum of 2 funds.

10 Sept’18 10 Dec’18

Auto Fund Rebalancing

Automatic transfer of Gains from equity fund to Debt Fund

Either Large Cap Advantage Fund or Emerging Leaders Equity Fund or India Multi Cap Equity Fund or Equity II Fund can be chosen as "RPO Fund“ can be chosen as “RPO Fund”

Select Target Appreciation %age between 5% - 15% (multiple of one)

Target appreciation %age is calculated on Fixed Flat basis, not annualized

Target appreciation %age will be tracked on every Business Day against the Net Invested Amount in RPO

Return Protector Option Helps protect gains from market volatility

To be opted at the time of purchase only, however, it will become effective from First Policy Anniversary.

Available with all premium payment options – Limited/Regular

RPO cannot be exercised simultaneously with either STO or AFR except SSO

If SSO is opted, during the last 4 policy years, RPO will stop and SSO will become operational.

If Policyholder has opted for SWO / MWO, RPO will cease when SWO / MWO becomes operational.

Return Protector Option Helps protect gains from market volatility

The request for Premium redirection, switching and partial withdrawals will result in cessation of RPO.

Large Cap Advantage Fund or Equity II Fund or India Multicap Equity or Emerging Leaders

Equity Fund

Debt Fund

5 Lac

1st Jun18 1st Jun 19

5 Lac

Starts from 2nd policy year

Any Day

Target appreciation chosen in Example is 10%

Policyholder can choose a target return from 5% to 15%

1 Lakh 1 Lakh 1 Lakh

Return Protector Option How does it work?

Switching Change investment pattern during Policy Term / Settlement Period

• Switching is not allowed while RPO or AFR is operational. • Any request for switching will be considered as a request to opt out of RPO or AFR and post such request RPO or

AFR will cease to exist. • Switching is allowed among the Unit Linked Funds other than the STO Funds. Any request for switching into or

out of STO funds while STO is operational will be considered as a request to opt out of STO and will cause the STO to cease.

• Switching is not allowed post the death of Life Assured in case Cover Option 2 (Care Option) is chosen

Available at any point of time

Done in percentage or absolute amount

Min. amount : Rs. 5,000 with no condition of

multiple

All switches are FREE under this plan

Premium Redirection

Available free of charge and limited to once in a policy year

Effected from the next premium due date

Effects only the future allocation of premiums but doesn’t impact

the past allocation and investment portfolio

• Premium redirection is not allowed while RPO or STO or AFR or SSO is operational.

• Any request for Premium redirection will be considered as a request to opt out of RPO or STO or AFR or SSO

and post such request RPO or STO or AFR or SSO will cease to exist

• If the Safety Switch Option is opted but not operational, Premium redirection can be exercised without

impacting the Safety Switch Option.

• This option is not allowed post the death of Life Assured in case Care Option is chosen.

Addition in Fund

Loyalty Addition

Wealth Booster

Return of Mortality Charges

Loyalty Additions Boost up value of investment

• 0.50% of average Fund Value of last 60 monthly policy anniversaries • To be added to the policy at the end every fifth year (5th, 10th, 15th ….) provided all

the due premiums received till that time

Loyalty Additions

• Loyalty Addition Percentage varies by the Unit Linked Fund as detailed in the table below.

Unit Linked Fund Loyalty Addition

Percentage

Emerging Leaders Equity Fund, India Multi Cap Equity Fund, Equity II Fund, Growth Plus Fund & Balanced Plus Fund

0.50%

Large Cap Advantage Fund, Debt Fund & Liquid Fund 0.25%

25

Wealth Booster – Life & Care Option Boost up value of investment

• Provided all the due premiums received till the time of additions


Year

Single Premium/Annualized Premium

Less than 50000 50,000 to less than

1,00,000 1,00,000 to less than

5,00,000 5,00,000 to less than

10,00,000 Greater than or equal to

10,00,000

10 1.00% 1.50% 2.00% 2.00% 2.00% 15 1.00% 2.00% 3.00% 3.50% 4.00%

20 1.50% 2.00% 3.00% 4.25% 5.50% 25 2.00% 2.50% 3.50% 4.50% 5.50% 30 2.50% 3.00% 4.00% 4.75% 5.50%

Large Cap Advantage Fund, Debt Fund & Liquid Fund

Year


Less than 50,000 50,000 to less than

1,00,000 1,00,000 to less than

5,00,000 5,00,000 to less than


10,00,000

10 - - - - - 15 - - 1.00% 1.50% 2.00% 20 - - 1.00% 2.25% 3.50% 25 - 0.50% 1.50% 2.50% 3.50%

30 0.50% 1.00% 2.00% 2.75% 3.50%

For Limited Premium policies with PPT less than 10 years (including Single Pay)

26

Wealth Booster – Life & Care Option Boost up value of investment

• Provided all the due premiums received till the time of additions


Year



1,00,000 1,00,000 to less than

5,00,000 5,00,000 to less than


10,00,000

10 1.50% 2.00% 2.00% 2.00% 2.00% 15 1.50% 2.75% 3.50% 3.75% 4.00%

20 2.00% 2.75% 3.50% 4.50% 5.50% 25 2.50% 3.00% 4.00% 4.75% 5.50% 30 3.00% 3.50% 4.50% 5.00% 5.50%

Large Cap Advantage Fund, Debt Fund & Liquid Fund

Year



1,00,000 1,00,000 to less than

5,00,000 5,00,000 to less than


10,00,000

10 - - - - - 15 - 0.75% 1.50% 1.75% 2.00% 20 - 0.75% 1.50% 2.50% 3.50% 25 0.50% 1.00% 2.00% 2.75% 3.50%

30 1.00% 1.50% 2.50% 3.00% 3.50%

For Regular / Limited Premium policies with PPT greater than or equal to 10 years

27

Wealth Booster - Century Option Boost up value of investment

Regular Premium policies under Cover Option 3 (Century Option)

Wealth Boosters for each Unit Linked Fund will continue to be paid in gap of every 5 years, post

completion of first 30 Policy Years, provided all premiums are received till that time.

1 2 3 4 5 6 so on 10 11 12 So On. 15 16 So On. 20

Loyalty Addition

Policy Term: 20 years Premium Payment Term : 20 years

Loyalty Additions & Wealth Booster Illustration

Wealth Booster

3.5% 3.5% 2%

0.50% 0.50% 0.50% 0.50%

Loyalty Addition & Wealth Booster benefit will be given % of Average Fund Value

Fund Chosen: Emerging Leaders Equity or India Multi Cap Equity or Equity II or Growth Plus or Balanced Plus Fund

Premium ₹ 200,000/=

1 2 3 4 5 6 so on 10 11 12 So On. 15 16 So On. 20

Loyalty Addition

Policy Term: 20 years Premium Payment Term : 20 years

Loyalty Additions & Wealth Booster Illustration

Wealth Booster

1.5% 1.5%

0.25%

Loyalty Addition & Wealth Booster benefit will be given % of Average Fund Value

Fund Chosen: Large Cap Advantage Fund or Debt Fund or Liquid Fund

Premium ₹ 200,000/=

0.25% 0.25% 0.25%

Return of Mortality charges Financial security through life cover at no cost

Return of Mortality Charge is not applicable in case of Single Premium Policies & Surrendered, Discontinued or Reduced Paid-up policies

Return of

100% Mortality Charges at Maturity

The Mortality Charges (excluding any additional charges & Taxes) deducted during the Policy Term will be added to the Fund Value at the maturity date

• The amount payable under the Return of Mortality Charge feature shall exclude any additional charges in respect of mortality that are deducted due to the Life Assured being sub-standard life on grounds of health or is a higher risk for factors other than health such as occupation, etc. • Return of Mortality Charge in case of Care Option does not include the return of Premium Funding Benefit Charges deducted.

Flexibility Milestone Withdrawal Option (MWO)

Systematic Withdrawal Option (SWO)

Settlement Option

Partial Withdrawals

Reduction in Premium

Milestone Withdrawal Option (MWO) systematic partial withdrawal facility

Policyholder can select this option at the Policy inception or anytime later in the Policy Term

20% of the available fund value 10th Policy Year (EOY)

Thereafter every 5th year excluding Policy Maturity

Policyholder can opt out of this option at anytime even after the withdrawals have started

MWO feature can be stopped or re-activated anytime during the Policy Term.

Re-activation or stopping of this feature will take place only from the milestone Policy Anniversary

following the receipt of the request

MWO is subject to Life Assured attaining 18 years of age as on the date of the payout

Milestone Withdrawal Option (MWO) systematic partial withdrawal facility - Conditions

• In case of Regular/ Limited Premium policies Fund Value after any withdrawal

should not fall below 120% of the Annualized Premium

• In case of Single Premium policies Fund Value after any withdrawal should not fall

below 25% of the Single Premium

• Min SWO payout should be Rs 1000.

• Any failure of these conditions will result in stopping of SWO

• The Policyholder can select this option at the Policy inception or anytime later in

the Policy Term.

• If death happens after selecting this option under Cover Option 2, this option will

be exercised at the stipulated time.

Systematic Withdrawal Option (SWO) Systematic partial withdrawal facility

Under this option, a pre-decided percentage (1% - 12%) of the fund value will be withdrawn

Policyholder can choose frequency (yearly, half yearly, quarterly or monthly) of SWO Payouts

SWO Payout will start from 11th Policy Year onwards or the Policy Anniversary immediately following the SWO request, whichever is later.

SWO payout will be payable till the end of the Policy Term or till the time of termination of option

The Policyholder can choose for SWO at inception or anytime during the Policy Term provided the outstanding Policy Term is at least 5 years.

Premium Payment Term has to be greater than or equal to 10 years

Systematic Withdrawal Option (SWO) Systematic partial withdrawal facility - Conditions

Either Milestone Withdrawal Option’ or ‘Systematic Withdrawal Option’ can be exercised in

a Policy

In case of half yearly, quarterly or monthly mode, annual percentage will be split equally

across a Policy Year

Fund Value after any withdrawal should not fall below 120% of the Annualized Premium and

Min SWO payout should be Rs 1000. Any failure of these conditions will result in stopping of

SWO

SWO feature can be stopped or re-activated anytime during the Policy Term

SWO percentage can be changed anytime during the Policy Term, even after SWO has

become operational.

Any change will take place only from the Policy Anniversary following the receipt of request

Settlement Option

Policyholder can opt for the settlement option under the policy anytime after issuance but at least 3 months before the maturity date.

Policy will continue for a period not exceeding 5 years from maturity date.

Frequency of withdrawal can be monthly, quarterly, half-yearly, yearly.

Death Benefit during the Settlement Period will be higher of Fund Value or 105% of all Premiums Paid

Partial withdrawals, SWO, MWO, RPO, SSO and AFR are not allowed during the Settlement Period

Switching is allowed during the Settlement Period subject to the conditions

Only Fund Management Charges and Mortality Charges will continue to be deducted

The Settlement Option is available in Cover Options 1 and 2 only

At any time during the settlement period, policyholder can request for full withdrawal to close account

Partial Withdrawal Benefits Liquidity for financial requirements

Allowed from 6th Policy Year (Provided all due Premiums for first 5 policy years have been

paid or Life Assured attaining 18 years of age, whichever is later)

All Partial withdrawals are free in a policy year

Minimum Partial withdrawal amount is `5,000/- (all partial withdrawals to be in multiple of `1,000)

Maximum Partial withdrawal Limited & Regular Pay: Fund value, not being lesser

than 120% Annualized premium Single Premium Policies: Fund value, not being lesser

than 25% Single premium

Reduction In Premium

Policyholder will have an option to decrease the premium payable under the Policy

After paying the premiums for first five Years

Premium can be reduced up to 50% of the Annualized Premium (subject to the min.

premium limits)

Conditions:

I. Once reduced, the premium cannot be subsequently increased

II. SA under the policy will reduce to the extent of reduction in premium

III. This option cannot be exercised when the Policy is in Reduced Paid-up state

IV. Exercising this option does not attract any charge

Product Benefits

Maturity Benefit

Fund Value as on the Date of

Maturity

Or

Settlement Option “Policy will continue for a period not

exceeding 5 years” Maturity

In Century Option, Maturity date will be the Policy Anniversary on which customer’s age is 100 years (last birthday)

Settlement Option is available under Life Option and Care Option Only

1 2 3 4 5 6 7 8 9 10 So.. On.. 19 20

Premium Paid by the Life Assured

In Settlement Option, policy will continue for a period not exceeding 5 years

or

Maturity Benefit Illustrative Example

Fund Value

Option : Life Option Policy Term : 20 yrs Premium Payment Term : 5 yrs

Death Benefit - Life Option / Century Option

In-Force Policy Higher of: Sum Assured less withdrawals, if any, in the preceding two years, or Fund Value as on date of intimation of death claim, or 105% of all Premiums paid up to the date of death.

Reduced Paid-up Policy Higher of: Paid-up Sum Assured less withdrawals, if any, in the preceding two years, or Fund Value as on date of intimation of death claim, or 105% of all Premiums paid up to the date of death.

The Policy shall terminate after the payment of any of the above benefits

1 2 3 4 5 6 7 8 9 10 11..so on 15..so

on 20

Death Benefit Illustrative Example

Option : Life Option / Century Option Policy Term : 20 yrs Premium Payment Term : 10 yrs

Premium Paid by the Life Assured Policy will Terminate

Higher of following will be payable as a lump sum : Sum Assured less withdrawals, if any, in the preceding two years,

Or Fund Value as on date of intimation of death claim, Or 105% of total premiums paid till death

Death Benefit – Care Option

In-Force Policy

Higher of the following will be payable as a lump sum: I. Sum Assured, or II. 105% of all Premiums paid up to the date of death

+ All future premiums will be funded by the company + Fund Value will be paid on maturity

Reduced Paid-up Policy Higher of the following will be payable:

I. Paid-up Sum Assured II. 105% of all Premiums paid up to the date of death

The Policy shall terminate after the payment of any of the above benefits.

1 2 3 4 5 6 7 8 9 10 11..so on 15..so

on 20

Death Benefit Illustrative Example

Option : Care Option Policy Term : 20 yrs Premium Payment Term : 10 yrs

Premium Paid by the Life Assured Premium Funded by Company

Premium Payment Term

Sum Assured will be payable as a lump

sum

All future premiums will be funded

by the company

Fund Value will be paid

on maturity

Boundary Conditions

Age at Entry

Boundary Conditions – Age Life Option

0 Years 65 Years

18 Years 80 Years Age at Maturity

Age at Entry

Boundary Conditions – Age Care Option

18 Years 50 Years

28 Years 80 Years Age at Maturity

Age at Entry

Boundary Conditions – Age Century Option

18 Years 65 Years

Age at Maturity

Up till Age 100 Years

Option Premium Payment

Option

Premium Payment Term

(PPT) (in years)

Policy Terms (PT)

(in years)

Life Option Limited Pay 5 to PT-1 Years 10 to 30 years (inclusive)

Regular Pay Same as PT 10 to 30 years (inclusive)

Care Option Limited Pay 10 to PT-1 Years 10 to 30 years (inclusive)

Regular Pay Same as PT 10 to 30 years (inclusive)

Century Option Limited Pay 10 to PT-1 Years 100-Age at entry

Regular Pay Same as PT 100-Age at entry

Boundary Conditions – PT & PPT Flexibility to choose Policy Term and Premium Payment Term

SA Cover Multiple

Age at entry

(in years)

Policy Term

(in Years)

10 0 - 32 5 -30

10 33 - 38 5 – 20

10 39 - 44 5 – 10

10 45 - 49 5

10 50 - 65 N/A

1.25 0 - 65 5 -30

Boundary Conditions – Policy Term Single Premium Policies

52

Boundary Conditions – Annual Premium Amount Choose premium payment frequency & Amount as per convenience

Regular/ Limited Premium

Min. : Rs. 24,000/- Max. : No Limit

Single Premium (Available under Life Options Only )


Life Option

Care Option & Century Option

Regular/ Limited Premium


53

Yearly Half-yearly Quarterly Monthly

Boundary Conditions – Premium Payment Mode Choose premium payment frequency as per convenience

Change in Premium Payment Mode can be done anytime during the Policy Term by submitting a written request

at least 60 days prior to the next Policy Anniversary.

Change in Premium payment mode will be effective only on the next Policy Anniversary following such request

Policies with monthly mode must be taken with Credit card/NACH/SI & first 3 month’s premium is to be paid in

advance

For Online policies only one month’s premium is payable at inception

54

• 10 X Annualized Premium

Limited Pay / Regular Pay

• 1.25 or 10 times Single Premium basis Age at Entry

Single Pay

Boundary Conditions – Sum Assured Choose Sum Assured as per convenience

SA Cover Multiple

Age at entry

(in years)

Policy Term

(in Years)

10 0 - 32 5 -30

10 33 - 38 5 – 20

10 39 - 44 5 – 10

10 45 - 49 5

10 50 - 65 N/A

1.25 0 - 65 5 -30

Surrender B

efo

re 5

yea

rs

Fund value transferred to Discontinuance Policy Fund after deduction of applicable surrender charges

FV paid after the expiry of lock in period, along with a minimum guaranteed interest rate of 4% p.a. from the date of discontinuance

Aft

er 5

yea

rs

No surrender charges post 5 policy years

Fund value will be paid to the policyholder immediately

Policy cannot be revived thereafter.

The current minimum guaranteed rate of interest under DPF is 4% per annum however minimum guaranteed interest rate applicable on discontinued fund will be decided by IRDA form time to time.

The excess income earned under DPF over the minimum interest rate shall also be appropriated to the DPF in arriving the proceeds of the discontinued policies

Revival

Discontinued Policy can be revived of by paying all due and unpaid Premiums, within

the Revival Period.

The Policy can either be revived on its original or modified terms and conditions as

per underwriting decision.

Revival Period, a period of 3 consecutive years from the date of first unpaid premium

The discontinuance charges deducted at the time of discontinuance of the Policy will

be added back to the Fund Value,

Charges Under The plan

Charges

No Charges

Switching Charge

Revival Charge

Miscellaneous Charge

Premium Allocation Charge

Policy Admin Charge

Partial Withdrawal Charge

Nil - Entire premium invested

Nil - No cancellation of units

Nil

Nil

Nil

Nil

Fund Management Charge (FMC)

Emerging Leaders Equity Fund

India Multi Cap Equity Fund

Equity II Fund

Growth Plus Fund

Balanced Plus Fund

1.35% Large Cap Advantage Fund

Debt Fund

1.00% Liquid Fund

0.8% Discontinued Policy Fund

(DPF)

0.5%

FMC mentioned are on per annum basis FMC will be deducted on daily basis

Mortality Charge

Mortality charge will be levied on :

1st business day of each policy month by way of cancellation of Units

The amount of charge depends on

Life Assured’s age and

Sum at Risk

Female Lives: Mortality charge to be set back by 3 years from rates for men

Premium Funding Benefit (PFB) Charges

• Levied by monthly cancellation of units

• The PFB Charge will apply on the Present Value of Future Premiums payable

• For female lives, PFB Charges will be 3 years rated down as compared to male’s PFB

Charges

Applicable only for Care Option

(AP – Annualized premium; SP – Single Premium; FV – Fund Value)

Surrender/ Discontinuance Charges

For Regular / Limited Premium policies

Policy is discontinued during

policy year

Discontinuance Charges for Policies having Annualized Premium up to Rs. 50,000

Discontinuance Charges for Policies having Annualized Premium above Rs. 50,000

1 Lower of 20% * (AP or FV) subject to a

maximum of Rs. 3,000 Lower of 6% * (AP or FV) subject to a

maximum of Rs. 6,000







4 Lower of 5% * (AP or FV) subject to a maximum

of Rs. 1,000 Lower of 2% * (AP or FV) subject to a


5 and onwards NIL NIL

(AP – Annualized premium; SP – Single Premium; FV – Fund Value)

Surrender/ Discontinuance Charges

For Single Premium policies

Policy is discontinued during

policy year

Discontinuance Charges for Policies having SinglePremium up to Rs. 50,000

Discontinuance Charges for Policies having Single Premium above Rs. 3,00,000

1 Lower of 2% * (SP or FV) subject to a maximum

of Rs. 3,000 Lower of 1% * (SP or FV) subject to a


2 Lower of 1.5% * (SP or FV) subject to a

maximum of Rs. 2,000 Lower of 0.7% * (SP or FV) subject to a


3

Lower of 1% * (SP or FV) subject to a maximum of

Rs. 1,500

Lower of 0.4% * (SP or FV) subject to a maximum of

Rs. 4,000

4 Lower of 0.5% * (SP or FV) subject to a

maximum of Rs. 1,000 Lower of 0.35% * (SP or FV) subject to a


5 and onwards NIL NIL

Suicide exclusion

• The nominee of the Policyholder shall be entitled to fund value

• The Policy will terminate upon payment of such benefit

Life Option & Century Option

• Premium funding benefit will not be triggered and policy stands terminated after making payment as per Life Option (basic cover) given above.

Care Option

Death due to suicide within 12 months from the date of commencement or revival

Thank You

"This is the authorized presentation and should not be altered without the permission of the Insurance Company.“

“This document is strictly for internal training purposes only and is not to be used for soliciting business”

Documents

Invest 4G · 2020. 10. 11. · Invest 4G A Individual Linked Life Insurance cum Savings Plan UIN: 136L064V03 ^This document is strictly for internal training purposes only and is