Smart Privilege & Comparison with Mutual Fund.pdf

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8. Smart Privilege V/S Mutual Funds
Features Smart Privilege Mutual Funds Comments
Fund Options Rangeof11FundOptions
available–Equity,Midcap,
Pure,Bond,etc
Based on one theme –Large
cap, Small Cap etc
Widerangeofrisk-returnoptions
availableunderoneplan
Switching UnlimitedSwitchbetween
fundoptions,freeatcost
No Switch allowed. Exit load to
be paid, when applying to
another scheme also there is
tax obligation (short term tax
to be paid)
Optiontoalteryourinvestments,
accordingtothemarketsituatione.g.
FromEquitytoDebt
Other
Flexibilities
Loyaltyadditionsas%of
fundvalueaddedtothefund
from6
th
policyyearonwards
UnlimitedPremium Re-
directions
PartialWithdrawal’s
Not Available UnmatchedFlexibility
Charges Themax.FMCis1.35%p.a.MutualFundscanchargeFMC
upto3%
ChargesinSmartPrivilegegodown
considerablyafterafewyears,whereas
theyincreaseforMutualFunds
"For Internal Training Purpose Only. Not for Solicitation of Insurance Policies"

9. Features Smart Privilege Mutual Funds Comments
Investment
Horizon
Medium- Long-term
products
Short to medium term
products
Smart Privilege provides the
platform for long term wealth
accumulation
Life Cover
Benefit
Available Not Available Investments + Insurance Cover
available
Tax benefits U/S 80C Only Elss schemes
available for Sec 80 C
benefit.
Attractive tax benefits available
Smart Privilege V/S Mutual Funds (cont.)
"For Internal Training Purpose Only. Not for Solicitation of Insurance Policies"