SS FAB Sheet
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FOR INTERNAL CIRCULATION ONLY Secure Savings FAB Features Advantages Benefits 1. Two Policy term options (15 and 20 years) Choose any policy term as per your convenience. Range of choices for the customer Customer can choose the policy term depending on their convenience 2. Guaranteed Additions at maturity Ensures upto 10% of all cumulative premiums is paid at maturity Additional income to supplement the returns available at maturity 3 Life Insurance Cover Higher of base sum assured plus guaranteed additions on premiums paid or 10 times Annualized premium or 105% of premiums paid till date of death An amount higher of the three will be paid out as life insured benefit. 4. Maturity Benefit 100% Sum Assured + Guaranteed additions Lump Sum amount available at maturity 5. Reduced Paid up The policy goes into paid up status automatically if nto reinstated or surrendered Customer can continue with the policy in case of any financial pro 6. Minimum Annual Premium Rs 18,000 for 15 years Policy term Rs 12,000 for 20 years Policy term Affordable premiums Can be pitched to most income groups 7. Age at entry 3 years for 15 years policy term 0 years for 20 years policy term Open to big customer base Can be pitched as a plan suitable for children. Money available at maturity can be used for the child’s education 8. Maximum age at Entry 55 years for 15 years policy term 50 years for 20 years policy term Open to customers at a higher entry age Can be pitched as a pension plan. Returns will be available at a time when needed most 9. Option of Attaching 2 riders Two riders can be attached additionally for increased benefits: Hospi Cash rider and Premium Waiver Rider Customer can enhance protection against hospital expenses or premiums to be waived incase of death of policy holder 10. Tax Benefits on Premiums & Benefits Tax benefits on premiums paid (up to 100000) and benefits received under section 80 C and section 10(10D) of the Income Tax Act, 1961 One can save tax up to 33,000 every year till the date of maturity
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SS FAB Sheet
Transcript of SS FAB Sheet
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FOR INTERNAL CIRCULATION ONLY
Secure Savings FAB
Features Advantages Benefits 1. Two Policy term options (15 and 20 years)
Choose any policy term as per your convenience. Range of choices for the customer
Customer can choose the policy term depending on their convenience
2. Guaranteed Additions at maturity
Ensures upto 10% of all cumulative premiums is paid at maturity
Additional income to supplement the returns available at maturity
3 Life Insurance Cover
Higher of base sum assured plus guaranteed additions on premiums paid or 10 times Annualized premium or 105% of premiums paid till date of death
An amount higher of the three will be paid out as life insured benefit.
4. Maturity Benefit 100% Sum Assured + Guaranteed additions Lump Sum amount available at maturity
5. Reduced Paid up The policy goes into paid up status automatically if nto reinstated or surrendered
Customer can continue with the policy in case of any financial pro
6. Minimum Annual Premium Rs 18,000 for 15 years Policy term Rs 12,000 for 20 years Policy term
Affordable premiums Can be pitched to most income groups
7. Age at entry 3 years for 15 years policy term 0 years for 20 years policy term
Open to big customer base Can be pitched as a plan suitable for children. Money available at maturity can be used for the childs education
8. Maximum age at Entry 55 years for 15 years policy term 50 years for 20 years policy term
Open to customers at a higher entry age Can be pitched as a pension plan. Returns will be available at a time when needed most
9. Option of Attaching 2 riders
Two riders can be attached additionally for increased benefits: Hospi Cash rider and Premium Waiver Rider
Customer can enhance protection against hospital expenses or premiums to be waived incase of death of policy holder
10. Tax Benefits on Premiums & Benefits
Tax benefits on premiums paid (up to 100000) and benefits received under section 80 C and section 10(10D) of the Income Tax Act, 1961
One can save tax up to 33,000 every year till the date of maturity
