Avdhoot Investment» Life Insurance

LIC Whole Life Without Profit Plan

admin — Tue, 26 Apr 2011 12:53:39 +0000

LIC Table No 1	Term	Age	Sum Assured
Minimum	0	15	50000
Maximum	0	60	No Limits

Plan Highlights:

Under the Whole Life Policy premiums are payable throughout the life time of the life assured and, as such
this is the cheapest form of policy.
If payment of premiums ceases after at least three years premiums have been paid, a free paid-up policy for
such reduced sum as can be allowed according to the rules will be automatically secured provided the
reduced sum assured, exclusive of any attached bonus, is nott less than Rs. 250/-.
Such reduced paid-up policy will not be entitled to participate in the profits declared thereafter, but such
bonus as has already been declared on the policy, will remain attached therto.

Back to LIC of India Whole Life Plans Money Back Plans Endowment Plans Children Plans Unit Plans

LIC Jeevan Surabhi Plan No 107 for 20 Years

admin — Sat, 23 Apr 2011 12:33:07 +0000

LIC Jeevan Surabhi Plan No 107 for 20 Years:

Features
The difference between the other money back plans and this plan is as follows:
Maturity term is more than premium paying term.
Early and higher rate of survival benefit payment.
Risk cover increases every five years.

	Term	Age	Sum
Minimum	20	14	50000
Maximum	20	50	No Limits

Premium Ceasing Age : 70 Premium Ceasing Term : 15
Special Features
Longer policy terms and limited premium paying term – This plan has a policy term of 20 years
and premium paying term of 15 years.
Full sum assured is paid back as survival benefit by the end of premium paying term. However,
the risk cover and additional risk cover continue and the policy participates in profits until
the end of policy term.
Accident Benefit is restricted to the premium paying period and to the overall limit of Rs.5.00
lakhs on a single life.
Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
At end of 4 years , 8 years , 12 years & 15 years 25% of Sum Assured
At end of 20 years on Maturity, the policyholder will receive the vested bonus(if any).
Death Benefits:
If death occurs at anytime during the term of a policy (provided the policy has been kept in
force by payment of all premiums that had fallen due), the basic sum assured along with the
vested bonus will be paid. The survival benefits already paid, if any, will not be deducted from
this claim amount. An additional amount (depending on the duration of the policy) will also be
paid on death under such a policy. The additional amounts payable, at various stages are
shown in the table given below.
Additional Amount Paid In Case Of Death For A Policy Of Rs.1000
First 5 (Policy Years) ———- Nil
6th-10th (Policy Year) ——— 500
11th-15th (Policy Year) ——– 1000
16th-20th (Policy Year) ——– 1500
Suitable for:
This plan holds special interest to people who besides wishing to provide for their old age and
family feel the need for lump sum benefits at periodical intervals.

Back to LIC of India Money Back Plans

LIC 25 Years Money Back Plan

admin — Sat, 23 Apr 2011 12:10:46 +0000

LIC’s New 25 Years Money Back Policy Table No 93.

Features
Unlike ordinary endowment insurance plans where the survival benefits are payable only at the
end of the endowment period, this scheme provides for periodic payments of partial survival
benefits as follows during the term of the policy, of course so long as the policy holder is alive.

Plan Highlights

	Term	Age	Sum
Minimum	25	13	50000
Maximum	25	45	No Limits

Premium Ceasing Age : 70 Premium Ceasing Term : 0

Benefits
Survival Benefits:
This scheme provides for periodic payments of partial survival benefits as follows, during the
term of the policy, so long as the policy holder is alive.
i) At end of 5 years , 10 years , 15 years & 20 years 15% of Sum Assured
ii) At end of 25 years 40% of Sum Assured and
On Maturity, the policyholder will receive the balance sum assured as given above plus the
vested bonus(if any).
Death Benefits:
Full sum assured plus bonus irrespective of survival benefits taken.
Suitable For:
This plan holds special interest to people who besides wishing to provide for their old age and
family feel the need for lump sum benefits at periodical intervals.
This plan meets with periodical needs although loans are not granted under this policy. A
terminal bonus is granted though.
The basic bonus under this plan is slightly lower than the rate applicable to endowment
assurances.

Back to LIC of India Money Back Plans

SBI Life – Smart Shield

admin — Fri, 22 Apr 2011 06:18:21 +0000

Introduction:

SBI Life – Smart Shield is a traditional non-participating pure term plan, which is a one stop solution that meets all your insurance needs. With Options and benefits specially tailored for those who want best financial protection at an affordable cost, this is the perfect plan from your preferred insurance provider. Now your family stays protected, even when you are not around.

Key Features:

•

Establishes a solid foundation for a lifetime of financial security for your family at a significantly low cost.

•

Rewards you for maintaining a healthy lifestyle.

•

Wide variety of plan options to give you complete freedom from your liabilities.

•

Attractive Large Sum Assured rebates, substantially lowering your cost of insurance.

•

You can also customize your coverage by choosing from a wide range of additional benefits such as – Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider and Accelerated Critical Illness cover option.

•

Tax benefits as per prevailing norms under the Income Tax Act, 1961^.

Product Snapshot:

Plan Options
Option I	Level Term Assurance
Option II	Increasing Term Assurance
Option III	Decreasing Term Assurance(Loan Protection)
Option IV	Decreasing Term Assurance(Family Income Protection)
Term
Minimum Policy Term	5 years
Maximum Policy Term	For Option I, II & IV – 30 years For Option III – Equal to the outstanding loan term subject to maximum of 30 years
Premium
Minimum Premium	Single Premium :- Rs. 15,000/- Regular Premium:- Yearly: Rs. 5,000/- Half-Yearly: Rs.2,500/- Quarterly: Rs.1,250/- Monthly: Rs. 450/-
Premium Mode	Single/ Yearly / Half yearly / Quarterly / Monthly ^#
Age^*
Minimum Entry Age	18 years
Maximum Entry Age	65 years
Maximum Maturity Age	70 years
Sum Assured
Minimum Sum Assured	Rs. 25,00,000 (× Rs. 1,00,000)
Maximum Sum Assured	No Limit
Riders Available
SBI Life – Accidental Death Benefit Rider (UIN: 111B015V01)
SBI Life-Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V01)
Options Available under the Product
Accelerated Critical Illness Benefit

* All the references to age are age as on last birthday.
^#For convenience, monthly mode of premium, is payable only through Electronic Clearing System (ECS) or Standing Instructions.

Benefits:

•

Death Benefit: Depending on the plan option chosen, the nominee will receive the effective Sum Assured under this policy.

•

Maturity Benefit: No survival benefit available at the end of the term.

•

Other Benefits:

•

Riders:

•

SBI Life – Accidental Death Benefit Rider (UIN: 111B015V01): In case of death due to an accident, the Rider Sum Assured is payable in addition to normal death benefit.

•

SBI Life – Accidental Total and Permanent Disability Benefit Rider(UIN: 111B016V01): The Rider Sum Assured will be paid on the Life Assured being found eligible for the Total Permanent Disability Benefit as defined in the policy document.

•

Cover Option: You have the option to further enhance your Level Term Assurance and Increasing Term Assurance by opting for the Accelerated Critical Illness benefit.

This option is available with Level Term Assurance and Increasing Term Assurance benefit.

^ Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.

LIC Bima Account1

admin — Thu, 21 Apr 2011 14:44:29 +0000

LIC’s Bima Account – I (UIN: 512N263V01)
As the name explains “LIC’s Bima Account – I ” is a simple non-linked plan under which you can be covered without undergoing any medical examination subject to certain conditions.

This plan offers you everything you think of an insurance plan should provide:
1. Simplicity
2. Liquidity
3. Guaranteed minimum return
4. No medical examination
5. Transparent charges
6. Risk cover
Under this plan, the premiums paid by you, after deduction of charges, will be credited to the Policyholder’s Account maintained separately for each policyholder. The risk cover will be provided by deduction of mortality charges from the Policyholder’s Account.
If all due premiums are paid, the amount held in your Policyholder’s Account will earn an annual interest rate of 6% p.a. which will be guaranteed for whole of the policy term. In addition to this guaranteed return, if all due premiums are paid, your account may earn an additional return depending upon the experience under this plan.
You will also have an option to pay additional (Top-up) premiums without any increase in risk cover.
Loan facility will also be available immediately after first policy anniversary.

PAYMENT OF PREMIUMS: You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (through ECS mode only) intervals over the term of the policy.

Policyholder’s Account shall consist of 2 parts:
1. Policyholder’s Regular Premium Account – to which regular premiums, net of charges, shall be credited.
2. Policyholder’s Top-up Premium Account – to which Top-up premiums, net of charges, shall be credited.

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
(in years)
1. Minimum Entry Age : 11 (completed)
2. Maximum Entry Age : 50 (nearest birthday)
3. Policy Term : 5 to 7
4. Minimum Maturity Age : 18 (completed)
5. Maximum Maturity Age : 57 (nearest birthday)
6. Minimum Premium:
Regular premium:
Mode Instalment premium
Yearly ` 7,000
Half-yearly ` 4,000
Quarterly ` 2,000
Monthly (ECS) ` 600
Top-up premium: ` 1000
1. Maximum Premium:
Regular premium:
Mode Instalment premium
Yearly ` 14,000
Half-yearly ` 7,000
Quarterly ` 3,500
Monthly (ECS) ` 1100
Top-up premium: Sum total of Regular Premiums paid upto the date of payment
of top-up.
Annualized Premiums shall be payable in multiple of `1000 for all modes other than ECS monthly. For monthly (ECS), the premium shall be in multiples of `100/-.
1. Minimum Sum Assured: 10 times the annualized premium.
1. Maximum Sum Assured:
20 times of the annualized premium up to age 35 years
14 times of the annualized premium for age between 36 to 45years
10 times of the annualized premium for age between 46 to 50 years
The maximum Sum Assured shall be subject to maximum non-medical limit applicable for the life to be assured.

CHARGES UNDER THE PLAN:
A) Expense Charge: This is the percentage of the premium appropriated towards charges from the premium received. The balance part of the premium will be credited to the Policyholder’s Regular Premium Account or Policyholder’s Top-up Premium Account, as the case may be.
The expenses charges are as below:
Regular premium:
Expenses charge (including commission)
First Year 2nd & 3rd Years Thereafter
27.5% 7.5% 5%
Expense charge for top-up Premium: 2.5%
B) Other Charges:
1. Mortality Charge – This is the cost of life insurance cover which is age specific and will be taken every month from the Policyholder’s Regular Premium Account appropriately. This charge shall depend upon the Sum Assured.

The charges per `1000/- life insurance cover for some of the ages in respect of a healthy life are as under:
Age 20 30 40 50
Rs. 1.25 1.46 2.57 6.56

1. Service Tax Charge – A service tax charge, if any, shall be levied on Mortality charge deducted from the Policyholder’s Regular Premium Account on a monthly basis as and when the corresponding Mortality charges are deducted.
The level of this charge will be as per the rate of service tax as applicable from time to time. Currently, the rate of Service Tax is 10% with an educational cess at the rate of 3% thereon and hence effective rate is 10.30%.
1. Alteration Charge – This is a charge levied for an alteration within the contract, such as change in mode of payment to higher frequency and decrease in sum assured and shall be a flat amount of `50/- which will be deducted from the Policyholder’s Account and the deduction shall be made on the date of alteration in the policy.

1. OTHER FEATURES:
1. Top-up Premium: You can pay top-up premiums in multiple of `1000/-. The additional premiums paid shall be credited into the Policyholder’s Top-up Premium Account after deducting the expense charge. However, there would not be any increase in the sum assured under the policy. The total of top-up premium at any point of time shall not exceed the sum total of regular premiums paid upto that point of time. Such additional premiums can be paid only if all due premiums have been paid under the policy.

1. Decrease in benefits: This plan offers you the flexibility of reducing the sum assured during the term of the contract subject to the minimum limit. When the sum assured is reduced, such change will be effective from the policy anniversary coinciding with or next following the date of request.
1. GRACE PERIOD:
A grace period of one-month but not less than 30 days will be allowed for payment of premiums under all modes of premium payment.
1. REVIVAL:
If due premium is not paid within the days of grace, the policy becomes paid-up. A paid-up policy can be revived within 12 months period from the due date of first unpaid premium or before maturity, whichever is earlier. During this revival period, the life cover will cease and no mortality charge shall be deducted.
The revival shall be made on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium without interest.
The Corporation reserves the right to accept the revival at its own terms or decline the revival of a paid-up policy. The revival of a paid-up policy shall take effect only after the same is approved by the Corporation and is specifically communicated in writing to the Policyholder.
In case the policy becomes paid-up without payment of at least 2 years’ premium and is not revived during the period of revival, the policy shall compulsorily be terminated on expiry of revival period. No charges shall be deducted and no interest will be credited from the date of compulsory termination. The balance in the Policyholder’s Account shall be refunded on completion third policy anniversary.
In case the policy become paid-up after payment of 2 full years’ premium and is not revived during the period of revival, the policy shall continue.
A policy once surrendered cannot be reinstated.

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Shriram Life Insurance

admin — Sat, 29 Jan 2011 09:21:52 +0000

Shriram Life Insurance is a joint venture of the Shriram Group of India and SANLAM of South Africa. The group offers several policies catering to various needs of the policy holders. Along with life insurance, distinct policies cover subjects like child education, retirement funds, marriage of children, expectation of high returns etc.

Shrilife
Shrlife combines security and savings. Premium is payable at regular intervals and life cover is available throughout the policy term. Sum assured along with vested bonuses is paid when the policy comes to an end. The premium paying frequency is yearly, half yearly or quarterly.

Shrilife Plus
This is a Regular payment unit linked plan. Maturity benefit can be availed on surviving upto the end of the term. No cover is extended after the policy term. However, settlement options are available to the policy holder. This is a medium risk investment and objective of the fund is to generate income with reasonable growth.

Shrinidhi
This is a savings product offering liquidity along with life cover. The policy term is always a multiple of three years. The guaranteed surrender value under the policy is equal to 30% of the total amount of premium paid excluding the premium for the first year. The basic plan comes with several additional benefits too.

Shriraksha
This plan combines security with savings. Benefit payable to any policyholder during the policy term is two times the sum assured along with accrued bonuses. Sum assured is paid when the policy comes to an end. Simple reversionary bonus accrues during the premium paying term.

Shrividya
It provides security for the child’s education. Life cover is available throughout the policy term. Sum Assured and vested bonuses are paid at the maturity of the policy. The policy holder gets a grace of one month for paying premiums. If premium is not paid before the end of the grace period, the policy lapses. However, it can be revived.

Shrividya Plus
This is a premium unit linked plan which makes large savings to meet specific needs of individuals. It provides security for child’s education. Each year, units in the chosen unit fund are allotted, and defined charges are deducted by cancellation of units each year till the policy becomes a claim.

Shriplus
This is an opportunity to make large savings to meet specific needs like marriage, retirement funds etc. Out of the single contribution made at the time of commencement of the policy, the units in the chosen unit fund are allotted. However, every year, the defined charges are deducted.

Shrilabh
The premium is payable only once but life cover is available. On death during the policy term, twice the sum Assured along with vested bonuses is paid. On survival up to the end of the policy term, sum assured along with vested bonuses is paid.

Shri Vivah
This plan provides financial support at the time of marriage of one’s children. On death during the policy term, sum Assured and vested bonuses are paid while 1% of the sum assured is payable monthly till maturity. On survival up to the end of the policy term, sum assured and vested bonuses are paid.

Sahara India Life Insurance

admin — Sat, 29 Jan 2011 09:12:38 +0000

The Sahara Pariwar, popularly known as the world’s largest ‘family’ with diversified business interests, is a recent entrant in the field of life insurance. Its insurance company – Sahara India Life Insurance Company Ltd. was granted license by the insurance regulator – the IRDA, on 6 February 2004. With this approval, Sahara Life Insurance becomes the first wholly Indian-owned company in the Indian life insurance market without any collaboration with the organizations abroad. The paid up capital of the insurance company at the time of its commencement was Rs 157 Crore. The Chairman of Sahara Pariwar, Subrata Roy Sahara, is also the chairperson of Sahara Life Insurance Company limited.

The insurance plans offered by Sahara India Life Insurance Company Limited are unique in their own terms. The company offers both individual and group insurance products. Through the different insurance plans, the company aims to cater to the different needs of the Indian society. For instance, the Sahara Jan Kalyan group scheme is formulated to address the life insurance needs of the financially weaker sections of the Indian population. One of the highlighting points of the scheme is accident benefit.

Apart from the working and the dependent population, the insurance plans formulated by Sahara India Life Insurance Company Limited are beneficial for the retired people as well. The pension plans of the company (such as Sahara Amar Jeevan) help the policy holder to live a frivolous and relaxed life after retirement. As per the plan, the person holding the policy is subjected to do monetary savings in little amounts per month. Talking about the individual plans, Sahara Sanchay – R scheme and Sahara Samarth are also beneficial in many ways.

Insurance Plans

Children

Sahara Ankur

Endowment Assurance

Sahara Nidhi
Sahara Sahyog

Money Back Policy

Sahara Sampann
Sahara Samriddhi

Term Assurance

Sahara Kavach

Pension Plans

Sahara Swabhimaan
Sahara Amar Jeevan

Unit Linked Plans

Sahara Sanchay – R
Sahara Samarth

Group Insurance

Sahara Samooh Samyojana
Sahara Jamakarta Samooh Bima
Sahara Samooh Suraksha
Sahara Jan Kalyan

AEGON Religare Life Insurance

admin — Sat, 29 Jan 2011 09:04:32 +0000

AEGON Religare Life Insurance Company Ltd is a joint venture of AEGON, Religare and Bennett, Coleman & Company. AEGON in one of the world’s leading life insurance and pension groups. Religare is a prominent player in the field of integrated financial services in India. On the other hand, Bennett- Coleman & Company is India’s largest media house. The insurance company began its operation in July 2008. Within a short span of time, it has spread across India, by opening over 30 branches in the country.

AEGON Religare Life Insurance offers multitude of benefits to its customers. It offers policy servicing on the phone via Interactive Voice Response System (IVR). This is done by issuing the customer a T-Pin for authentication. It boasts of being the first insurance company in India to include the customer’s medical report in the policy kit. Talking about the individual stake holders, AEGON serves over 40 million customers in as many as 20 markets spread throughout the Americas, Asia and Europe. Headquartered in The Hague, the Netherlands, AEGON carries out major operations in the United States, the Netherlands and the United Kingdom.

Religare Enterprises Limited (REL) is a significant player in the field of Retail, Institutional and Wealth spectrums. It has a diverse and wide base of clientele. REL holds 44% equity in AEGON Religare Life Insurance Company Ltd. Talking about Bennett, Coleman & Co. Ltd. (BCCL) it is a mammoth in the field of media, since it is associated with the Times Group, India’s largest media house. The Joint Venture of the three giants (of their respective fields) has given rise to AEGON Religare Life Insurance.

Products

Protection Plan

AEGON Religare Level Term Plan
AEGON Religare Increasing Term Plan
AEGON Religare Level Term Plan
AEGON Religare Increasing Term Plan
AEGON Religare Group Term plan
AEGON Religare Decreasing Term Plan
AEGON Religare Rural Term Plan

Saving Plans

AEGON Religare Protect Gain Plan
AEGON Religare Premium Gain Plan
AEGON Religare Guaranteed Return Plan – 3

Child Plan

AEGON Religare Star Child Plan

Retirement Plan

AEGON Religare Pension Plan

ING Vysya Life Insurance

admin — Sat, 29 Jan 2011 07:05:03 +0000

Established in India in September 2001, ING Vysya Life Insurance Company Limited is a joint venture between Vysya Bank, which is one of the largest private sector banks in India, and ING Insurance Co., which is the world’s second largest life insurance company. This private life insurance company has around 140 branches all over India, with head office in Bangalore. ING Vysya Life Insurance Co. has around 3000 employees with over 21,000 sales insurance agents and brokers. ING Vysya Life presently has around 4.5 lakh customers, and is making a total income of Rs. 400 crore.

ING Vysya Life Insurance gives you an opportunity to fulfill your responsibilities towards your family. The ING Vysya Life protection plans provide financial security to your family in your absence. This company also provides special policies, such as, Children’s Plans; Retirement Plans; Investment Plans and Savings Plans, which help you to secure your future financially. It also provides Life Insurance, Medical Insurance, General Insurance, Long-Term Care Insurance, Group Insurance, Company Insurance and Financial Services Insurance Products.

The mutual funds of ING Vysya Insurance are available with all the company branches, insurance agents and brokers. ING Vysya Life Insurance Ltd. Also offers online premium payment facility. For premium cheque payments, drop boxes are also available at all the branches. Given here is a comprehensive list of various insurance policies & saving plans offered by ING Vysya Insurance Company:

Protection Plans

ING Term Life
ING Term Life Plus

Savings Plans

ING Prime Life (Unit Linked Insurance Plan)
Reassuring Life Endowment Plan (Reversionary Bonus)
Creating Life Child Protection Plan
Creating Life Money Back Plan
Safal Jeevan Endowment Plan
Safal Jeevan Money Back Plan
ING LifePlus
ING Positive Life
ING Creating Star

Retirement Plans

Best Years
New Future Perfect
ING Golden Life

Investment Plans

Powering Life
New Freedom Plan
New One Life
Platinum Life Plan
High Life
High Life Plus
New Fulfilling Life Plan

Kotak Life Insurance

admin — Fri, 28 Jan 2011 18:58:56 +0000

Founded in 2001, Kotak Mahindra Old Mutual Life Insurance Ltd. is a joint venture between Kotak Mahindra Bank Ltd. (KMBL), and Old Mutual plc. Kotak Mahindra is one of India’s leading financial institutions which offer a range of financial services, such as, commercial banking, stock broking, mutual funds, life insurance, and investment banking. And, Old Mutual is an international insurance and investment management company based in London, offering a diverse range of financial services in South Africa, the United States and the United Kingdom since more than 150 years.

Kotak Mahindra Old Mutual Life Insurance Ltd. is a company which offers Life Insurance products. It is one of India’s most rapidly growing insurance companies, employing over 1000 people, across various offices in India. Kotak Mahindra Old Mutual Life Insurance Ltd offers different types of Life Insurance Policies, which are:

Protection Plans

Kotak Loan Protection Plan
Kotak Term/Preferred Term Plan
Kotak Eternal Life Plans

Retirement Plans

Kotak Secure Retirement Plan
Kotak Retirement Income (Unit Linked)
Kotak Long Life Secure Plus
Kotak Long Life Wealth Plus
Kotak Retirement Income Plan

Savings & Investment Plans

Kotak Platinum Advantage Plus
Kotak Smart Advantage
Kotak Safe Investment Plan
Kotak Flexi Plan
Kotak Platinum Advantage Plan
Kotak Easy Growth Plan
Kotak Capital Multiplier Plan
Kotak Money Back Plan
Kotak Endowment Plan
Kotak Premium Return Plan
Kotak Sukhi Jeevan Plan

Child Plans

Kotak Headstart Child Plans
Kotak Child Advantage Plan

Group Plans

Kotak Group Shield
Kotak Group Assure
Kotak Term Grouplan
Kotak Gratuity Grouplan
Kotak Superannuation Grouplan
Kotak Credit-Term Grouplan
Kotak Complete Cover Grouplan

Rural Plans

Kotak Gramin Bima Yojana