SBI Life Unit Plus III Pension
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Pay 3- 5 yrs and get life long pension.. Hurry up,plan is getting closed by Aug 30\'th 2010
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Similaire à SBI Life Unit Plus III Pension
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SBI Life Unit Plus III Pension
- 1. Discover The Joy Of Living Long
- 2. Why Life Insurance ? Protection against loss of income In case of premature death For the financial security of the family Because the family depends on us! Absolutely essential to protect the family!
- 3. What if we live long? Protection against loss of income post retirement For the financial security of Self Can we depend on our family? Pension Plans are absolutely essential to be independent!
- 5. We’ll have to provide for a longer time due to increasing life expectancy
- 8. Base plan pays out on death or CI or TPD , whichever occurs first, to give succour to you and extend support your family in the unfortunate event
- 9. Guaranteed Additions, to boost your funds
- 10. Lower Charges – Allocation, Admin & FMC
- 11. Varied Fund Options : Index Pension Fund & Top 300 Pension Funds (New Funds)
- 12. Add On options : SBI Life Criti Care 13: Health Protection for the Customer SBI Life Income Sustainer Benefit : Customer & Family is Secured
- 13. Risk Return Options Optimize your returns with 8 Fund Options ! Equity Optimizer Pension Fund Index Pension Fund Equity Pension Fund New Fund Balanced Pension Fund Top 300 Pension Fund Money Market Pension Fund Growth Pension Fund Bond Pension Fund
- 15. Top-up (s) any time
- 16. Increase/Decrease in premium contribution
- 17. Flexibility to Prepone or Postpone the vesting age with in the permissible limits
- 18. Complete control your investments through the Switch option
- 23. Describe the features of SBI Life Unit Plus III Pension
- 24. Explain the Rider features
- 26. What It Means For The…… The Insurers For a term <= 10 yrs, IRR @ 6% & 10% returns should not be less than 3% & 7% respectively For a term > 10 yrs, IRR @ 6% & 10% returns should not be less than 3.75% & 7.75% respectively Reduce fund management charges. Reduce allocation charges Modify plan features to accordingly The Customers Pay lower charges for his / her insurance investment Accumulate more out of his investments Reach target fund values earlier Save in the most cost effective way Be aware of all aspects of the investments
- 27. Product Snapshot
- 28. Survival Benefit
- 36. Death Benefit
- 38. Different Fund Options Index Pension Fund Equity Optimizer Pension Fund Equity Pension Fund Top 300 Pension Fund Growth Pension Fund Balanced Pension Fund Bond Pension Fund Money Market Pension Fund
- 47. Premium to be reduced maximum of 50% of the original premium at inception over the 3 occasions available for reduction
- 50. No Top Up is allowedIf revival not done within 3 years from FUP , Surrender Value will be paid and policy will terminate Customer does not pay 2nd year premium Customer pays first year premium Revival Period – 3 years End of Year 4 Year 1 Year 2
- 52. All charges continue to get deductedPolicy goes into revival mode for 3 years from FUP If customer doesn’t revive, policy continues till FV reaches one AP or maturity whichever is earlier Customer Does not Pay 4th Renewal Customer pays first 3 years premium Revival Period – 3 years Year 1 Year 2 End of Year 6 Year 3 Year 4
- 55. Premium Allocation Charges Regular & Single Premium Top Up Allocation Charge is 2% of the top up amount
- 59. Rider Benefits
- 60. Rider Benefits
- 62. Rider Benefits can be taken only at the inception of policy
- 63. The rider benefit can be terminated by stopping the premium.
- 79. 13 critical illnesses are covered under this rider
- 80. 90 days of waiting period applicable from DOC or date of revival
- 82. Rider Benefit payable either at Total Permanent Disability or death, whichever is earlier
- 83. 25% of benefit is paid on death or disability and 1% of rider benefit is paid in arrears monthly to the nominee/life assured
- 85. Analysis – Previous vs. Present
- 86. Analysis – Previous vs. Present
- 87. Analysis – Previous vs. Present
- 89. Base plan pays out on death or CI or TPD , whichever occurs first, to give succor to you and extend support your family in the unfortunate event
- 90. Guaranteed Additions to boost your funds
- 91. Lower Charges – Allocation, Admin & FMC
- 92. Varied Fund Options : Index Pension Fund & Top 300 Pension Funds (New Funds)
- 93. Add On options :
- 94. Criti Care 13: Health Protection for the Customer
- 96. Clients looking for high growth & control to boost their pensions
Notes de l'éditeur
- Life changes. And as it does, so do your priorities. After all, the circumstances of your life can determine the type of health coverage you need.India has made rapid strides in the health sector. Since Independence, life expectancy has gone up markedly and survival rates have also increased, still critical health issues remain. Infectious diseases continue to claim a large number of lives.
- Switching will be allowed and first two free switches per policy year are free. A charge of Rs. 100/- per switch is applicable beyond the free switches. Unused free switches cannot be carried forward.For unpaid premium during 1st Policy Year if policy is not revived during the revival period (3 years from the date of first unpaid premium), premiums received under the policy will be forfeited at the end of revival period. For unpaid premium during 2nd and 3rd Policy Year if policy is not revived during the revival period (3 years from the date of the first unpaid premium) then the policy shall compulsorily terminate and surrender value, if any, shall become payable at the end of the revival period or 1st working day of the 4th policy year whichever is later. The benefit paid would be fund value of the policy less relevant surrender charges.
- Switching will be allowed and first two free switches per policy year are free. A charge of Rs. 100/- per switch is applicable beyond the free switches. Unused free switches cannot be carried forward.If the policy has not been revived before the end of the revival period then:Either SBI Life pays the fund value applicable as on date ORUpon written communication received from the policyholder before the end of the revival period asking for continuance of the policy, the policy will continue. However if the Fund Value reaches a minimum of one full year’s premium at any time then the policy will be terminated and fund value will be payable to the policy holder. No revival will be allowed thereafter.
- The Policy will acquire a surrender value only after payment of full premiumfor the first policy year. Thus if one full year’s premium is not paid then onsurrender request the premiums paid are forfeited.