Upload
sylvia-fletcher
View
230
Download
0
Tags:
Embed Size (px)
Citation preview
LIC’s Jeevan Vriddhi (Plan no. 808)Features
• Single premium Non-Linked Plan
• Limited Period Offer i.e. Close Ended Plan
• Plan Term is 10 Years only
• Maturity Benefit
Guaranteed Maturity SA + Loyalty Addition, if any
• Death Benefit
Basic Sum Assured*
Why Vriddhi ? How ??
Guaranteed Returns at Maturity
Ideal combination of Insurance & High Returns
High Risk Cover – 5 times the Premium (free)
Returns free of Market Fluctuations
SP : Pay once & Enjoy
Easy Liquidity – Avail loan facility
Higher Returns for Higher SP
Higher Returns for Youngsters
SUC--- STAND ALONE JUST LIKE J. ASTHA
Jeevan Vriddhi (Plan no. 808)Eligibility conditions
Particulars Minimum Maximum
Age At Entry 08 Years 50 Years
Premium Mode SINGLE
Term 10 Years
Single Premium Rs.30,000/- Onwards in Multiples of Rs.1000/-
S.A. Rs.1,50,000 NO LIMIT
Others Service Tax as per rules.
Bank Fixed Deposits
Bank > 5 Yrs.
Allahabad Bank 8.50
Andhra Bank 9.00
Axis Bank 8.50
Bank of Baroda 8.50
Bank of Maharashra
9.00
Bank > 5 Yrs.
Dena Bank 8.75
HDFC Bank 8.25
ICICI Bank 8.75
PNB 9.00
State Bank of India 9.25
Jeevan Vriddhi : Return on Investment of Rs.1 lac
Amount of Investment Rs.1,00,000
Total return on Maturity after 10 yrs. Rs.2,24,855
Yield 8.44%
Simple Interest 12.49%
Risk Cover Rs.5,00,000
Yield – Post Tax Return (Tax Slab 10%) 9.59%
Yield – Post Tax Return (Tax Slab 20%) 10.89%
Yield – Post Tax Return (Tax Slab 30%) 12.38%
LOYALTY
ADDITION
Loyalty Addition
payable
shall be based on the
GUARANTEED
MATURITY SUM
ASSURED (GMSA)
Loyalty Addition Declared : 31.3.2011
Plan Term LA
Bal Vidya 11 Rs.250/-
Bima Nivesh 10 Rs.100/-
Komal Jeevan 10 Rs.65/-
New Jeevan Shree 10 Rs.130/-
Loyalty Addition Declared : 31.3.2011
POLICY NO - 953828941DOC – 03/2002 DOM – 03/2012PREMIUM PAID - 170511/- S,A- 200000Guaranteed addition @5.5% Compounding yly.
S.A G.A TOTAL
200000 11000 211000211000 11605 222605222605 12243 234848234848 12917 247765247765 13627 261392261392 14377 275769275769 15168 290937290937 16002 306939306939 16884 323823323823 17812 341635341635 18792 360427
G.A 360427Loyalty Addn 2000020000Total 380427
J.Vriddhi as a Guranteed RD Deposit
Month Year Amount
APRIL 2011 1,00,000
MAY 2011 1,00,000
JUNE 2011 1,00,000
JULY 2011 1,00,000
AUGUST 2011 1,00,000
SEPTEMBER 2011 1,00,000
OCTOBER 2011 1,00,000
NOVEMBER 2011 1,00,000
DECEMBER 2011 1,00,000
JANUARY 2012 1,00,000
FEBRUARY 2012 1,00,000
MARCH 2012 1,00,000
TOTAL 12,00,000
Month Year Amount
APRIL 2021 2,25,000
MAY 2021 2,25,000
JUNE 2021 2,25,000
JULY 2021 2,25,000
AUGUST 2021 2,25,000
SEPTEMBER 2021 2,25,000
OCTOBER 2021 2,25,000
NOVEMBER 2021 2,25,000
DECEMBER 2021 2,25,000
JANUARY 2022 2,25,000
FEBRUARY 2022 2,25,000
MARCH 2022 2,25,000
Mat. TOTAL 2022 27,00,000
BANK RECURRING DEPOSIT J.VRIDDHI MATURITY AFTER 10 YRS.
HIGH PREMIUM REBATE
Basic
Premium
Increase in Guaranteed Maturity Sum Assured
Below Rs.50,000/- NIL
Rs.50,000 to Rs.99,000 1.25%
Rs. 1 Lac & Above 3.00%
Effect of Premium Rebate on Guaranteed Maturity S.A.
Age Single Prem. GMSA
8 Yrs. Rs.1000/- Rs.1984.60
8 Yrs. Rs.1,00,000/- Rs.2,04,414
NET GAIN : Rs.5954/-
PLUS
Loyalty Addition on GMSA
J.Vriddhi : Guaranteed Edu-Care Bond
Benefit IllustrationParticulars Description
Age 8 yearsTerm 10 yearsMode YearlyPremium Rs.100000/- (Exclusive of Service Tax)Sum Assured Rs.500000Maturity Value (GMSA) Rs.2,04,414/-Loyalty Addition payable on Maturity :
Assuming 10 % Rs.20,441/-Returns with LA (Simple Int.)= 12.16% (w/o Tax Rebate)
Returns with LA (IRR)= 8.26% (w/o Tax Rebate )
Returns with LA (Simple Int.)= 15.21% (With Tax Rebate : 20% Slab)
Returns with LA (IRR)= 10.73% (With Tax Rebate : 20% Slab)
Jeevan Vriddhi As a GUARANTEED EDU-CARE BONDAge : 8 Yrs. Total Prem. : Rs.5,00,000/-
After 10 Yrs (At the time of Maturity)
Age 18 Yrs. Total Returns
GMSA = Rs.10,22,070/-
L.A. = Rs. 1,02,207/-
Total Returns = Rs. 11,24,277/-IT CAN BE USED FOR HIGHER
EDUCATION.
Jeevan Vriddhi : Route to MDRT(condition : Rs.8,18,600/- commission)
Premium Commission NOP Required
Rs.1 Cr. Rs.2,00,000 4
Rs.50 lac Rs.1,00,000 8
Rs.25 lac Rs.50,000 16
Rs.10 lac Rs.20,000 40
Top 10 Policies sold under SP
RANK PLAN SINGLE PREMIUM
1 195 11,00,00,011
2 195 11,00,00,011
3 195 9,89,70,000
4 191 8,00,00,000
5 195 7,72,80,000
6 195 7,72,80,000
7 195 7,50,04,380
8 195 7,47,67,500
9 171 6,99,97,957
10 195 6,89,10,390
Jeevan Vriddhi for NRIs
The Plan can be allowed to NRIs and Foreign Nationals of Indian Origin residing in
countries falling in Residence Group
I to VII without charging any Residence Extra
JEEVAN VRIDDHI
NMG 6,25,000 2,00,000 1,00,000 50,000 0
NMG(P) NA NA 3,00,000 2,00,000 1,00,000
NMS NA NA 3,75,000 2,50,000 1,00,000
ONLY FMR 12,49,000 12,49,000 3,75,000 2,50,000 50,000
* MAJOR STUDENTS UPTO AGE 25 - NON-MEDICAL - RS 2,00,000
36 to 45 years
46 to 50 years
Age Groups
PREMIUMS ALLOWED FOR JEEVAN VRIDDHI UNDER DIFFERENT MEDICAL-NON-MEDICAL SCHEMES FOR DIFFERENT AGE-
GROUPS
8 to 9 Years
10 to 17 years
18 to 35 years
DIFFERENT SCHEMES
Zone wise Jeevan Vriddhi NB
ZONE POLICY FPI
Northern Zone 363 1.63
North Central Zone 556 2.35
Central Zone 420 1.76
Eastern Zone 89 0.41
South Central Zone 490 2.09
Southern Zone 221 0.84
Western Zone 300 1.33
East Central Zone 312 1.27
TOTAL 2751 11.68
Division wise Jeevan Vriddhi NB
DIVISION POLICY FPI
Rajkot 8 3.19
Amravati 37 15.59
Ahmedabad 2 0.8
Gandhinagar 40 17.71
Surat 69 29.69
Vadodara 11 5.2
Mumbai II 1 0.3
Kolhapur 5 2.3
DIVISION POLICY FPI
Mumbai I 1 0.51
Thane 7 3.12
Pune I 11 4.51
Aurangabad 11 4.51
Bhavnagar 65 30.31
Nadiad 22 9.93
Nanded 10 4.85
TOTAL OF WZO
300 132.52