SAMRIDHI PLUS - Compare Allocation amount with other Insurer similar product

SAMRIDHI PLUS - Compare Allocation amount with other Insurer

Illustration Mode Yly; Premium 1 Lac; SA 10 Lac

(Compare Allocation amount with other Insurer similar product)

1st Yr Alctn Charge	6000	4th Yr Alctn Charge	4500
Policy Admn Charge	360	Total 4th Year	4917
Total 1st Year	6360	5th Yr Alctn Charge	4500
2nd Yr Alctn Charge	4500	Total 5th Year	4938
Total 2nd Year	4878	TOTAL IN 5 YRS	25990
3rd Yr Alctn Charge	4500	Total 5 Yr Premium	500000
Total 3rd Year	4897	Allocated Amount	474010

Insurer	Product	Allocation
SBI LIFE	Smart Performer	463900
BAJAJ ANZ	Max Advantage	463000
RELIANCE	Nav Advantage	469500
HDFC	SL..Crest	464445
ICICI PRU	Pinnacle II	465000

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SAMRIDHI PLUS – Table NO. 804 ELIGIBILITY CONDITIONS

SAMRIDHI PLUS – Table NO. 804 ELIGIBILITY CONDITIONS
S u m A s s u r e d		Mode / Age	Below 45 years	45 years and above
	Minimum	Regular	10 x AP	7 x AP
		Single	1.25 x SP	1.10 x SP
	Maximum	Regular	20 x AP	10 x AP
		Single	Age up to 55 years	Age 56 to 65 years
			5 x SP	1.25 x SP

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SAMRIDHI PLUS Table no 804

(PLAN 804 OPENS FROM 25TH FEB,2011 FOR MAX 3 MONTHS ONLY)

• Higher Return
• Greater Safety
• Easy Liquidity
• Entry & Exit Tax Benefit
• With Life Risk Cover
• Cap on Allocation charges
• Nil Surrender Charges after 5 yrs
• Increase in Locking Period
• Partial withdrawal
• Minimum Guarantee Return
• Lower Mortality Charges
• Lower Accident Benefit Charges
• ULIP where Assignment Permitted
• Capital Guarantee
• Affordable Premium Band than Other Insurer

Unique Features:-

1. Guaranteed Highest NAV 100 Months or NAV applicable @ the end of the term, which ever is higher
2. Instead of increasing mortality premium this plan offers level premium.
3. Allocation Charge and other charges are extremely low.
4. Partial withdrawal is allowed after 5 yrs twice in a policy year minimum amount of Rs.2000/-. Under Single Premium policies minimum balance of 25% is be maintained, In case of minors , partial withdrawals shall be allowed from life assured attains majority
5. Lowest allocation charges among all plans available in the market of such types of plans.
6. No exit Loads.
7. As the premium increase the charges reduce.
8. NIL Surrender charges after 5 years
9. A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (through ECS) premiums
10. No increase or decrease in benefit
11. It is a close-ended Guaranteed Returns Unit Linked Plan
12. Available for eligible persons 8 to 65 years of age
13. Fixed term of 10 years
14. Maturity Age 18 to 75 yrs
15. Option to pay single premium or regular premium for 5 years Yly, Hly, Qly & Mly (ECS only)
16. Minimum Premium:Rs.30,000 for Single
17. Rs.15,000 for Regular, Hly 8000/-
18. Rs. Qly 4000/-ECS 1500/-
19. Maximum Premium: For Regular Rs.100000/-
20. For Single - No Limit (Annualized Premiums shall be payable in multiple of Rs. 1,000 for other than ECS monthly. For monthly (ECS), the premium shall in multiples of Rs.250/-).

Sum Assured shall be available in multiples of Rs.5, 000

1. Death of the policy holder during the Policy Term when the cover is in full force:
2. Sum Assured or the fund value which ever is more shall be payable to the nominee
3. Maturity Benefit with Highest Guaranteed NAV
4. At the end of the policy term, fund value based on the Highest NAV over the first 100 Months or the NAV applicable at the end of the policy term, whichever is higher is payable.
5. Interest shall accrue from the date of discontinuance of the policy to the date of booking of liability Minimum Interest of 3.5% p.a. Payable for Discontinued Policies within 5 years

IT Benefits U/S 80 C & U/S 10.10.D of IT Act 1961*

ALLOCATION CHARGES-

• SINGLE PREMIUM – 3.3%
• REGULAR PREMIUM –1st YEAR 6% & SUBSEQUENT 4.5%

OTHER CHARGES

1. Level Mortality Charge as per age at entry
2. FMC @ 0.90% p.a.
3. Policy Admin – @ Rs. 30 pm & with 3 % increase each year thereafter
4. Guarantee Charge – 0.40 % of Fund value
5. Miscellaneous Charge- Rs.50/-(For Alteration)
6. Discontinuation Charges
7. Service Charge 1.35% p.a
8. In case the policyholder does not agree with the revision of charges the policyholder shall have the option to withdraw the Policyholder’s fund value.

SAMRIDHI PLUS – Table NO. 804 ELIGIBILITY CONDITIONS
S u m A s s u r e d		Mode / Age	Below 45 years	45 years and above
	Minimum	Regular	10 x AP	7 x AP
		Single	1.25 x SP	1.10 x SP
	Maximum	Regular	20 x AP	10 x AP
		Single	Age up to 55 years	Age 56 to 65 years
			5 x SP	1.25 x SP

Illustration Mode Yly; Premium 1 Lac; SA 10 Lac

(Compare Allocation amount with other Insurer similar product)

1st Yr Alctn Charge	6000	4th Yr Alctn Charge	4500
Policy Admn Charge	360	Total 4th Year	4917
Total 1st Year	6360	5th Yr Alctn Charge	4500
2nd Yr Alctn Charge	4500	Total 5th Year	4938
Total 2nd Year	4878	TOTAL IN 5 YRS	25990
3rd Yr Alctn Charge	4500	Total 5 Yr Premium	500000
Total 3rd Year	4897	Allocated Amount	474010

Insurer	Product	Allocation
SBI LIFE	Smart Performer	463900
BAJAJ ANZ	Max Advantage	463000
RELIANCE	Nav Advantage	469500
HDFC	SL..Crest	464445
ICICI PRU	Pinnacle II	465000

The investment pattern will be as under

More than Capital Guarantee (Investment INR 1 Lac)

Fund Type	Govt. Securities	Short-term money market instruments	Listed Equity Shares
Samridhi Plus Fund	0% to 100%	0% to 100%	0% to 100%
Fund Spread	60-70% [Rate of Return 8% PA Rs.70000/-		30-40% INR 30000
10 Years	Rs.151124/-		Rs.120000
TOTAL	Rs.251124 [IRR 10.49%]

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SAMRIDHI PLUS | Highest Net Asset Value (NAV) over the first 100 months of the Policy

SAMRIDHI PLUS (PlanNo-804)

A closed ended plan for sale from 25th Feb, 2011 and close ended product.

An UUP plan with a policy term of 10 Yrs that offers payment of Fund Value at the end of policy term based on: HIGHEST Net Asset Value (NAV) over the first 100 months of the Policy

01 The NAV as applicable at the end of the policy term, whichever is higher.

FEATURES:

1. Minimum Entry Age : 8 years (Last Birthday).


2. Maximum Entry Age : 65 Years (Nearest Birthday).


3. Policy Term : 10 Years.


4. Premium Paying Term : Single Premium OR 5 Years regular premium


5. Minimum Single Premium : Rs.30,000/- Maximum: Unlimited.


6. Minimum Regular Premium : Rs. 15,000/- Maximum: lLac per annum.

BENEFITS PAYABLE AT THE END OF POLICY TERM (Maturity Benefit)

An amount equal to the policy holder's fund based on the highest NAV over first 100 months of the policy term OR NAV as applicable at the end of the policy term, whichever is higher, shall be payable.

BENEFITS PAYABLE ON DEATH DURING THE TERM: Sum-Assured OR Policyholder's Fund Value which ever is higher shall be payable provided policy is in full force. In case of discontinued policies only fund value shall be payable.

USPs:

1. Available at initial NAV of Rs. 10/-


2. Available for a limited period of Maximum 3 months.


3. NAV computed on daily bais.


4. Risk premium charged only on difference of SA and Fund Value.


5. No risk premium when Fund Value exceeds SA.


6. Handsome risk cover (death benefit) upto maximum 20 times of annual premium.


7. Partial Withdrawal facility available (After 5 year - twice in a year)


8. Highest NAV is guaranteed even after partial withdrawal.


9. Very low allocation and administrative charges. Low FMC/Guarantee charges.


10. No surrender charge after 5 years.


11. Available with Single premium and 5 years Premium payment term.


12. Tax benefits available as per I.T. rules


13. Flexibility in deciding Risk Cover.


14. All modes of payment (Single, Yly, Hly, Qly, ECS(MLY) available.

Guarantee is applicable only to those policies which continue till maturity.

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LICs SAMRIDHI PLUS (804) LIMITED PERIOD OFFER

LICs New Plan SAMRIDHI PLUS (table no. 804) LIMITED PERIOD OFFER

1. HIGHEST NAV OF FIRST 100 MONTHS - GUARANTEED AT MATURITY
2. SHORT PREMIUM PAYING TERM - 5 YRS (Yly /Hly/Qtly/Mly ECS )
3. UNLIMITED INVESTMENT under SINGLE premium
4. MINIMUM PREMIUM SGL-30000/- YLY 15000/- HLY 8000/- QLY 4000/- ECS 1500/-
5. POLICY TERM 10 YRS
6. FACE VALUERS 10/-
7. INSURANCE PROTECTION
8. LIQUIDITY- PARTIAL WITHDRAWALS
9. ENTRY AGE 8 (Ibd ) TO 65 (nbd)
10. NON MEDICAL UP TO AGE 60 YRS ( under SGL MODE Exclusive cond apply)
11. LOCK IN PERIOD 5 YRS
12. NO SV CHARGES AFTER 5 YRS
13. ASSIGNMENT IS ALLOWED
14. BEST TO BEAT INFLATION

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