Bima jyoti.pptx

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1. BIMA JYOTI – PLAN NO.860

2. BIMA JYOTI PLAN NO.860 BIMA JYOTI PLAN is a Non-Linked, Non-Participating, individual, Limited premium payment PLAN. It offers Guaranteed RETURNS @ Rs.50/1000 SA/YEAR The only Guaranteed plan available for Children education or marriage 5 Riders can be taken under this plan Available up to age 60 years.

3. Policy conditions Minimum & Maximum Age 90 days to 60 years nbd Minimum & Maximum maturity 18 years to 75 years Policy term 15 to 20 years Premium paying term policy term minus 5 years 20/15,19/14,18/13,17/12,16/11,15/10 Min.SA & max. SA Rs . 1 lac to UNLIMITED Commencement of Risk If less than 8 years the risk will commence either 2 years from the date of commencement of the policy or attainment of 8 years whichever is earlier

4. MATURITY & DEATH BENEFIT ON MATURITY ON DEATH SUM ASSURED+ Guaranteed [email protected]/1000/year Death before commencement of Risk-Return of Premiums Death after commencement of Risk—125% of SA or 7 times annualized premiums and should not be less than 105% of all premiums paid upto death

5. Optional Riders Available 1. LIC’s Accidental Death & Disability Benefit Rider or LIC’S Accident Benefit Rider 2. LIC’s New Term Assurance Rider 3. LIC’s New Critical Illness Rider 4. LIC’s Premium Waiver Benefit Rider

6. Other features Settlement options under Maturity available for 5,10 and 15 years For paid up policies also settlement options available upon maturity Option to take Death Benefit in instalments for 5,10 and 15 years Commission to agents Dos credit: 10-14 yrs --- 60 % 15 & above --- 100% PPT 1 st Year 2 nd & 3 rd Year 4 to 1 year before PPT Final Year 10 - 40 Years 25% 7.5% 5% 7.5% 15 Years 30% 7.5% 5% 7.5%

7. Some examples Ideal for Kids. The combination of terms from 15 years to 20 years can be used to create cash flows to support education and marriage expense of children. Long term Recurring deposit with guaranteed maturity amount: For a 90 day old child the parent by paying Rs.6492/- per month for 15 years get a guaranteed maturity amount of Rs.20 lac at the age of 20. Ideal for Business men and NRI’s and others who require shorter premium paying term and guaranteed maturity to plan their cash flows in these times of uncertain interest rates For HNI’s in higher tax bracket, guaranteed tax free maturity is a boon Sum Assured for each policy 1000000 Age of Child : 3 years Policy term Premium paying term Yearly outgo w/o GST Cash flow at age Guaranteed Maturity 15 10 112139 18 1750000 16 11 101996 19 1800000 17 12 93617 20 1850000 18 13 86610 21 1900000 19 14 80485 22 1950000 20 15 76222 23 2000000 Total yearly Outgo 551069 Doctor Plan

8. Text Here Text here… Age 40 Years SA: 10 lac Age 40 Years SA: 10 lac Jeevan Labh Bima Jyoti 16(10) 15(10)  Yearly 83564 Yearly 115667 FC+Bc=28% 23398 FC+Bc=25% 28917 Ren Comm =7.5% 6267 Ren Comm =7.5% 8675 Ren Comm =7.5% 6267 Ren Comm =7.5% 8675 Ren Comm =5% 4178 Ren Comm =5% 5783 Ren Comm =5% 4178 Ren Comm =5% 5783 Ren Comm =5% 4178 Ren Comm =5% 5783 Ren Comm =5% 4178 Ren Comm =5% 5783 Ren Comm =5% 4178 Ren Comm =5% 5783 Ren Comm =5% 4178 Ren Comm =5% 5783 Ren Comm =5% 4178 Ren Comm =7.5% 8675 Total Commission 148744 Total Commission 205309 Appox Maturity Rs.16.65 lac Guaranteed Maturity Rs.17.50 lac COMPARISON OF AGENCY COMMISSION

9. USPs of BIMA Jyoti Can be given up to 60 years Ideal child policy due to Guaranteed additions Risk cover is 125% of SA Both Death & maturity settlement options available

10. 4 optional riders are available Only Guaranteed plan available to be positioned for children Early closing of premium payment due to limited payment By planning this policy in packages the customer can be rest assured of Guaranteed payments for the purpose for which he has taken the policies Bima Jyoti is poor man’s JEEVAN SHIRONMANI USPs of BIMA Jyoti - Contd

11. If not you, who else?