Tata Insurance Presentation - IA Gold v1.3 Final2 =Mohit Sharma

8/14/2019 Tata Insurance Presentation - IA Gold v1.3 Final2 =Mohit Sharma

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Mohit [email protected]

Contact for software development and web site

development work,projects
mailto:[email protected]:[email protected]:[email protected]


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Unit Linked Whole Life Insurance Plan


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How InvestAssure Gold works

Protection for whole lifeCoverage till insured turns 100 years of age.

Flexibility to pay premiums

Regular Pay Till Maturity

Limited Pay For 5 Years

Top ups

Loyalty Additions@ 0.25% of units under Regular Premium Account at theend of every 5 years.


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As a Child Plan

Vijay is a 32 year old businessman. His son Aryan is 6 years

old & wants to be a doctor. He is looking for a plan thathelps him in ensuring that his sons future does not sufferdue to any financial constraint.

Ans: InvestAssure Gold is the ideal plan for Vijay as it helps

him to make investments for a short term which will growover time & be available for Aryans Need over the longterm.

He can pay Rs. 1,20,000 annually (10,000 per month) for 5years to secure Aryans future & provide him with aninvestment that can be used by him to fulfill his needs.

Here is an illustration


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As a Child Plan

Till Age100

Vijay PaysRs 1,20,000for 5 Years

Aryan can make partial withdrawals forhis financial needs after he turns 18

Invest Assure

Gold

Life covercontinues

Age 6 Age 18

What happens ifhe does not withdraw

Based on 10% rate of returnassumption

Provided there are no withdrawals tilldate

Age18

Rs.12Lakhs

Age21

Rs.15.46Lakhs

Age25Rs.21.6Lakhs

Age30

Rs.33Lakhs

For Aryans admission-relatedexpenses

For buying a House / CarFor Aryans college expensesFor Aryans marriage or initial

expenses for his clinic
http://images.google.co.in/imgres?imgurl=http://www.nickgibbons.co.uk/photos/graduation/MastersRobes0001.JPG&imgrefurl=http://www.nickgibbons.co.uk/photos/graduationPhotos.html&h=1465&w=1130&sz=171&hl=en&start=4&tbnid=xKUwjWqLfSfghM:&tbnh=150&tbnw=116&prev=/images%3Fq%3Dgraduation%2Brobe%26svnum%3D10%26hl%3Den%26lr%3D%26sa%3DG


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As a Child Plan

Fund Value @ 6% @ 10%

Age 18 814512 1204086

Age 21 925188 1546559

Age 25 1097251 2165354

Age 30 1370949 3332947


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As a Child Plan (with Payorbenefit)

Till Age100

In case of Death ofApplicant duringpremium paying

termBalance Premiums willbe paid by Tata AIG Life

Vijay PaysRs 121,037

Annually

Aryan can make partial withdrawals forhis financial needs after he turns 18

Invest Assure Gold

with PB Rider

Life covercontinues

Age 6 Age 18

And if he does not withdraw

Age18

Rs.12Lakhs

Age21

Rs.15.46Lakhs

Age25Rs.21.6Lakhs

Age30

Rs.33Lakhs

Based on 10% rate of returnassumption

Provided there are no withdrawals tilldate

For his Admission relatedexpenses

For buying a House / CarFor his college expensesFor his marriage or initialexpenses for his clinic
http://images.google.co.in/imgres?imgurl=http://www.nickgibbons.co.uk/photos/graduation/MastersRobes0001.JPG&imgrefurl=http://www.nickgibbons.co.uk/photos/graduationPhotos.html&h=1465&w=1130&sz=171&hl=en&start=4&tbnid=xKUwjWqLfSfghM:&tbnh=150&tbnw=116&prev=/images%3Fq%3Dgraduation%2Brobe%26svnum%3D10%26hl%3Den%26lr%3D%26sa%3DG


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As a Child Plan


Age 18 814512 1204086

Age 21 925188 1546559

Age 25 1097251 2165354

Age 30 1370949 3332947


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As a Retirement Plan (RegularPay)

Amit is a 28 year old Marketing manager working with a

large multinational bank. He wants to start saving money tosecure a comfortable retired life after 60.

Ans: InvestAssure Gold is the ideal plan for him as he cancontinue paying premiums as long as he can afford it. After

that, he can choose to opt for the premium holiday or go forfurther top-ups based on his future cash situation. He canpay Rs. 60,000 annually (or 5,000 per month) as regularpremium with a Sum Assured of Rs. 12.6 Lakhs.

He can choose to withdraw the entire amount at 60 forinvestment in annuities or make partial withdrawals (needbased) & continue with life cover till age 100.


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Age 28 Age 60

InvestmentValue

Amit will pay Rs. 60,000Every year till maturity

He would have a sizeableinvestment by retirement

For his needsInvest Assure

Gold


Which can be withdrawnpartially or fully

Based on 10% rate of return assumption

Provided there are no withdrawals till date

Till Age100

Life covercontinues

Age55

Rs.63Lakhs

Age60

Rs.1.02Crores

Age65

Rs.1.63Crores

For Financial support if hestarts family at a later age

For purchasing an annuity at 60For a later retirement


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Assuming that Amit retires at age 60, his Fund Value would be:



At Age 60 46,09,712 1,02,81,476

Accumulated funds can be used to purchase an annuity (pension plan) which will

provide an income in his golden years.


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As a Legacy Plan

Sunil is a 40 year old businessman. He wants a legacy plan

that helps him leave behind a huge Lumpsum for his family.

Ans: InvestAssure Gold is the ideal plan for him as he can paypremiums for a limited term of 5 years. After that, he canchoose to go for further top-ups based on his future cash

situation. He can pay Rs. 2,400,000 annually (or 20,000 permonth) as regular premium with a Sum Assured of Rs. 36Lakhs.

His nominee will receive the Sum Assured or Fund Valuewhichever is higher.


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Age 40Age 70

He would leave a sizeableamount for his family

Invest Assure

Gold

As a Legacy Plan


Provided there are no withdrawals till date

Till Age100

Life covercontinues

InvestmentValue

Age55

Rs.31Lakhs

Age60

Rs.48Lakhs

Age65

Rs.74.8Lakhs

Age70

Rs.1.15Crores

Sunil can payRs. 2,40,000for 5 years


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As a Legacy Plan


Age 55 1830858 3122068

Age 60 2236540 4829233

Age 65 2747919 7482785

Age 70 3437285 11596689


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As a Retirement Plan (Limitedpay)

Akash Khanna is a 40 year old Doctor. He earns a sizeable income & wants

to save money in order to secure his lifestyle in his golden years. He doesnot want a plan with a long term commitment due to the cyclical nature ofbusiness.

Ans: He can go for InvestAssure Gold with limited pay option for 5 Years. Hecan also make further top-ups based on his erratic cash inflows & windfallsthat would also enable him to have a higher Sum Assured. He can pay Rs.2,40,000 annually (20,000 per month) with a sum assured of Rs. 36 Lakhs.

He can choose to withdraw the entire amount at 65 for investment in annuitiesor make partial withdrawals (need based) & continue with life cover till age100. Here is an illustration


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Age 40 Age 65

InvestmentValue

Akash can payRs. 2,40,000for 5 years

He will have a sizeableinvestment by retirement

For his needsInvest Assure

Gold

As a Retirement Plan (Limitedpay)

Which can be withdrawnpartially or fully

Age55

Rs.31Lakhs

Age60

Rs.48Lakhs

Age65

Rs.74.8Lakhs


Provided there are no partial withdrawals tilldate

Till Age100

Life covercontinues

For unexpected needs likesuddenly getting dependents

For purchasing an annuity at 60As a doctor he would normally

retire at this age

i l ( i i d


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Assuming that Akash retires at age 65, his Fund Value would be:

As a Retirement Plan (LimitedPay)


At Age 65 27,47,919 74,82,785

Accumulated funds can be used to purchase an annuity (pensionplan) which will provide an income in his golden years.


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Basic Plan Features

InvestAssure Gold is a long term investment + protection plan.

Minimum Premium Rs. 50,000

Choice of paying premiums for 5 years or till maturity

Issue age is 30 days 70 Years

Maximum Age at Maturity is 100 Yrs.

Flexibility to Choose Sum Assured or Premium Amount.

Sum Assured Premium Multiple: The minimum sum assured is Maximum of

5 times the annual premium or

(70 age at entry) x 0.5 x Annual Premium.

Life cover continues till age 100

Loyalty units @ 0.25% of units under Regular Premium Account at the endof every 5 years.

Maximum Sum Assured multiple 60 Times Annual Premium


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Basic Plan Features

5 fund options WL Midcap Equity Fund, WL Aggressive Growth fund, WL

Stable Growth Fund, WL Income Fund, WL Short Term Fixed Income Fund.

Riders - ADB, ADDL, CI & PB

Top ups available with option of additional Sum Assured

Minimum Top up amount Rs. 25,000

Option to choose premium holiday in case you want to discontinue paying

premiums.

Upon Maturity, he can opt for a Settlement option where he can withdraw thematurity amount in periodic payments over a period of upto 5 years.

Customer has a free look period of 15 days where he can return the policywithin a period of 15 days from the date of receipt if he is not satisfied

Partial Withdrawal / Surrender is allowed after 3 policy Years (subject tocharges)

Surrender value paid will be :

(Regular Fund Value - Surrender Charges) + (Top Up Fund Value - SurrenderCharges)


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Premium Holiday

If policy holder does not pay his premiumafter paying premium for 3 consecutiveyears.

Maximum Period for revival

Once the revival period expires

Once the surrender value goes below oneannual premium

Policy will go on premium holiday

2 years from date of first unpaid premium

The cover and the premium holiday can becontinued at the request of the

policyholder, provided the surrender valuedoes not go below one annual premium.

Automatic termination of policy by paymentof surrender value after deducting relevant

charges

During the premium holiday, premium holiday charge, monthly administration charge and mortality charge will bededucted from the fund.

Premium Holiday (PH) charge- 4% of regular premium.

The PH Charge will be applied till the Premium Paying Term or till the 5th Policy anniversary, whichever is earlier.


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Disclaimers

This material belongs to Tata AIG Life Insurance Company Ltd. Any unauthorized use, reprint orcirculation is prohibited.

This product is underwritten by Tata AIG Life Insurance Company Ltd.

Tax benefits are as per the Income Tax Act, 1938 and are subject to amendments made thereinfrom time to time.

Investments are subject to market risks.

Riders are available at a nominal extra cost.

Past performance is not indicative of future results

The rates of 6% and 10% have been decided by the Life Insurance Council

^ Service tax is payable on life insurance premium as per section 65(105)(zx) of Finance Bill(No.2), 2004 at the applicable rates as per circular number 80/10/2004-S.T. dated September 17,2004 issued by the Government of India, Ministry of Finance and subsequent directions issued bythe authorities from time to time. The service tax component payable by the policyholder atapplicable rates will be stated in the premium notice and the premium receipt for the informationof the policyholder. The company reserves the right to recover from the Policyholder any relatedinsurance levies and duties as imposed by the government, by premium adjustment or other

forms, as we deem appropriate .For Basic policy, service tax is levied on mortality charge and willbe deducted through unit cancellation from the relevant funds. Extra amount is payable for servicetax on rider premium.

Tata AIG Life Insurance Company Ltd. (Reg. No. 110), Regd Off: Peninsula Towers, 6th floor,Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013

Insurance is the subject matter of the solicitation


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Thank You

Mohit sharma

[email protected]

Contact for software development and

web site development work,projects
mailto:[email protected]:[email protected]


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Documents

Tata Insurance Presentation - IA Gold v1.3 Final2 =Mohit Sharma