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I Have Just Proposed This Pension Product to Our Product Development Department At Central Office ( LIC )
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Times for sixth year in succession
Welcome to The Presentation on
Golden CitizenBy
Bharat R Thakkar Ahmedabad Division
18/10/20111Presented By Bharat R Thakkar ,
Ahmedabad DO , Cbo 6
Welcome To
The Presentation On
Product Development
“ Enjoy Retirement Plan “At
ZTC , Akurdi, Dt. 18/Oct/2011By
Bharat R ThakkarAhmedabad Division
91 98253 29960
Presented By Bharat R Thakkar , Ahmedabad DO , Cbo 6
218/10/2011
OBJECTIVE OF
THE NEW PLAN
To Capture Those
Class Of People Who
Are Not interested In Too Long Span Of Period For Investment.
We Can Target The People Of Age Group Between
15 to 65 Yrs of Age.
Targeted Policy We Can Adopt Is Like
Endowment ( NON ULIP )
With Optional Of Risk Cover
“ Enjoy Retirement Plan “
Bharat R Thakkar Cbo / 6 Ahmedabad
Division
Presented By Bharat R Thakkar , Ahmedabad DO , Cbo 6
318/10/2011
“ Enjoy Retirement Plan “
Bharat R Thakkar Cbo / 6 Ahmedabad
Division
OBJECTIVE OF
THE NEW PLAN
Mode Of Payment Would Be of Single / Yly / Hly / Qly .
Limited PPT May Be Offered For
The Period From 01 yr. To 06 Yrs. &
Maturity Term Can Be After Age 35 To 60 Yrs.
Minimum Sum Assured Can Be 1,00,000
With No Upper Limit .
Presented By Bharat R Thakkar , Ahmedabad DO , Cbo 6
418/10/2011
Proposed Benefits:
• Maturity Benefit Is Available Like Table 14 .
• Death Benefit SA+ Accumulated Bonus With
Some Token Guaranteed % If Possible .
• Accident Benefit May Be Offered With
Extra Premium Up To 1 Crore.
• Permanent Disability Benefit Can Be Offered.
• Premium Waiver benefit & Critical Illness Benefit and Term Rider Can Be Offered , As Table – 14
“ Enjoy Retirement Plan “
Bharat R Thakkar Cbo / 6 Ahmedabad
Division
Presented By Bharat R Thakkar , Ahmedabad DO , Cbo 6
518/10/2011Bharat R Thakkar Cbo / 6 Ahmedabad
Division
Other Features
Paid Up Value Can Be Offered Such As Table 14 .
Surrender Value May Also Be Offered Like Table 14 .
Loan Facility Available After 5 Yrs
OfThe Fully Paid Premium .
But,Loan Factor May Be Very Less Than Of Table 14 .
“ Enjoy Retirement Plan “
Presented By Bharat R Thakkar , Ahmedabad DO , Cbo 6
618/10/2011 Bharat R Thakkar Cbo / 6 Ahmedabad
Division
Overall Observations
Families Of Middle / Lower Class Salaried People
Can Be Targeted EasilyWith
HNI Personalities .
This will Definitely Captured The Market Of Those Class Who Are Only Invested Their Fund In The Tools Of Postal Instruments
Like05 yrs. RD Scheme / 08 Yrs NSC/ KVP /
PPF/ETC.
“ Enjoy Retirement Plan “
Presented By Bharat R Thakkar , Ahmedabad DO , Cbo 6
718/10/2011 Bharat R Thakkar
Cbo /6 Ahmedabad Division
Why Pension FLASH BACK
In past,
To Fall Back On Their Family Support After RetirementFocus Is To Fulfill Family Commitments Like Children’s Education,
Start In Life, Marriages , Construction Of House Etc .Joint Family System Providing Security To The Elders
Indian Economy Being Agricultural , Retirement Was A Gradual Process
AT PRESENT
INCREASING URBANIZATION.BREAKING UP OF JOINT FAMILY SYSTEM.
The increase in longevity has given rise to “The fear of living too long”
RISK OF LIVING TOO LONG
The post retirement period may be as long as or even longer than the pre retirement .To maintain the same standard of living .
Greatest risk is to outlive their assets.With softening of interest rates ,Yield available on lump sum retirement benefits has been decreased.
As the age advances, health deteriorates and one has to meet the increasing medical exp.
“ Enjoy Retirement Plan “
Presented By Bharat R Thakkar , Ahmedabad DO , Cbo 6
818/10/2011
“ Enjoy Retirement Plan “
Bharat R Thakkar Cbo /6 Ahmedabad
Division
Thanks
