Mkt Plus Grk [Compatibility Mode]

8/6/2019 Mkt Plus Grk [Compatibility Mode]

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What our customer NeedsToday?

What our customer Needs Toda ?


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Maintain Life Style .

Regular flow of Money.

Ensure Growth on investment.

To lead an independent life.

Safety of Investment with regular returns


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Plan Features:Available from age 18 to 80 (65)years

Term (Deferment Period):Minimum 5 yrs

Min.Vesting Age:40 Yrs., Max.:85 (75)Yrs.

M f Pr m Yl Hl l Ml E in l

Minimum Deposit Single Prem.:Rs. 10,000/-,

Minimum Deposit Yearly: Rs. 5000/-

Min. S.A.(in case of with risk option):S.P.

Rs.25,000; R.P. Rs.50,000

Max. S.A.:S.P.: Equal to S.P.; R.P.:20times ofAnnualized Premium


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Fund Features:Types of Funds & Investment

Pattern

Fund type Govt /

GGS/Corp debt

Short term

investments

Listed equity

Shares

Details/ obj of

fund for risk/return

Bond Not less than60%

Not More than40%

Nil Low risk

Secured Not less than60%

Not More than40%

Not less than 15% &

Not More than 55%

Steady income-lower to mediumrisk

Balanced Not less than

60%

Not More than

40%

Not less than 30%

Not More than 70%

Balanced income

and growth medium risk

Growth Not less than60%

Not More than40%

Not less than 40%

Not More than 80%

Long term Capitalgrowth high risk


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Fund Features: Flexibility

Benefits The policyholder can switch between any

fund types during the policy term. Within a policy year, 4 switches will be

allowed free of charge.

Subsequent switches shall be @ Rs. 100per switch.


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An time durin the Term of the Polic

Fund Features: Flexibility

Benefits; Top-up Facility

No Upper Limit,the policyholder can payany amount in multiples of Rs. 1000.

For policy with regular premium mode,payment of such Top-up can be paid if alldue premiums have been paid.


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Allocation ChargePremium Band (Per

Regular Premium :-Single Premium,Allocation Charges :- 3.3%

Fund Features: Allocation of Units

Allocation charge for Top-up :- 1.25%

ThereafterFirst year2.50%

2.50%

2.50%2.50%

2.50%

16.50%

15.75%

15.00%14.25%

13.50%

5000 to 75000

75001 to 150000

150001 to 300000300001 to 500000

500001 & above

annum)


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Other Charges

a) Policy Administration Charge

Rs. 60 per month during the First Policy

ear. Rs. 20 per month thereafter, throughout the

policy term.

The charge will be deducted by cancelingthe appropriate number of units.


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Other Chargesb) Fund Management

Charges(FMC)Fund Type FMC Rate

Bond Fund 0.5%

Secured FundBalanced Fund

Growth Fund

0.6%0.7%

0.8%

The NAV, thus declared, will be net of FMC


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Other Charges:C) Bid-Offer Spread

Other Charges:

Nil

Nil


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Other Charges:f) Service Tax Charge

Will be levied only if Life Cover is opted

Present Effective Rate is 12.36% of theLife Cover Charges & Accident Benefit

arges Levied by canceling the units on a monthly

basis, when the Life Cover & Accident

Cover charges are deducted.


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Other Charges:g) Miscellaneous Charge

Charge levied for alterations within thecontract, such as, reduction in policyterm, change in premium mode to lower

,after issue of policy etc.

The charge will be @ Rs. 50 which will

be levied by canceling the units.


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BENEFITSa) Benefits on Death before vesting

If the policy is With Risk Cover the Sum

Assured + Fund Value on the date of bookingof liability

If the policy is Without Risk Cover the

liability.

The benefit may be got in a lump sum or inthe form of pension.

The pension will be based on the thenprevailing immediate annuity rates.


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Death Benefits in Lapsed policy

(With or without Risk Cover)

Where the policy lapses without

payment of 3 years premiums, then,only the Fund value of the units held in

payable.

The benefit may be got in a lump sum

or in the form of pension. The pension will be based on the then

prevailing immediate annuity rates.


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Death Benefits in Lapsed policy Duringthe Revival period

Where the policy lapses after payment

of 3 years premiums, & policy is WithLife Cover & the death claim arisesduring the Revival Period the Sum

be payable. If the policy is Without Life Cover then

only the Unit Value shall be payable.

The benefit may be got in a lump sumor in the form of pension.

The pension will be based on the then

prevailing immediate annuity rates.


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Benefit on Vesting

Option of commutation of One-Third of theFund Value.

Remaining fund should be utilized toprovide an annuity based on the then

prevailing immediate annuity rates underthe relevant annuity option.

Policyholder has to intimate about the

choice of annuity option 6 months prior tothe date of vesting.

Option to purchase the annuity from any


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The benefits payable under such type of

lapsed policy during Revival Period

a) Incase of Death :- SA + Unit Value, if Life cover isopted for, & only Unit Value, if life cover is not

opted for.b) Death due to Accident :- Basic SA + AB SA +

Unit Value, if AB is opted for.

c n case o surren er :- un va ue o n s w epaid after completion of 3 policy years.

d) On vesting :- Fund Value

e) Compulsory surrender :-

f) i) The Unit Account falls below the oneannualized premium at any time during the term.

g) ii) in case the policy is not revived during theRevival Period.


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Increase/Decrease in

benefitsNo increase or decrease in benefits will

be allowed.Partial withdrawals

Partial withdrawals will not be allowed.

Days of Grace

A grace period of ONE Calendar month butnot less than 30 days will be allowed.


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Commission to agents

Type of premium Rate of commission

Regular premium First Year :- 7.5%

Thereafter :- 2%

Top up premium 1%

Bonus commission Not Available


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USPs of Market Plus I

A Unit-linked Pension Plan both with & Without RiskCover

You can buy up to age 65 yrs (with life cover) & evenup to age 80years Without life cover

Single premium facility available besides other modes Unlimited Top-Up facility.

Benefits On death = Sum Assured + Fund Value

Reduced Fund Management charges.

Flexibility in risk cover

Critical Illness Cover Up to Rs.10 lacs


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Where is Customer..

Those who are not covered under any PensionScheme. ( Businessman,professional like Dr. eng.etc)

Youn Executives workin in call centers BPOs IT

executives .. Retired /VRS persons who need more pension tomaintain their life style

Early start for those who require Double Income inearly age.

Those having no time to Invest Their money inMarket

TO meet above customer You should know


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ILLUSTRATION

INVESTMENT IN SINGLE MODE


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Get 754402 p.a. by paying 50 Lac

One Time OnlyYr Age Prem. ALO.Chg%

Admchg

Elg.Prem

.FundValue

Net FundInves.

ProjectedValue @10%

1 40 50 lac 3.3 720 4834280 4834280 4834280 5317708

3 42 0 0 240 -240 5848975 5848975 6433872

5 44 0 0 240 -240 7076756 7076756 7784431

7 46 0 0 240 -240 8562370 8562370 9418607

9 48 0 0 240 -240 10359964 10359964 11395960

12 51 0 0 240 -240 13788318 13788318 15167149


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Cont

Commutation Value Of Rs 50 lac ( TAX

FREE ) Available on Maturity .Balance Rs 10167149 will be converted in

pension .

Pension payble : Rs 60,070 p.m

or 7,54,402 p.aOn Death Rs 101.67 lac to nominee


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Mkt Plus Grk [Compatibility Mode]

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