LICs New ULIP Plan Nivesh Plus | Table No 849

Unit Linked, Non-participating, Regular Premium Life Insurance Plan

Features of Nivesh Plus Ulip Plan

• Available for Offline as well as Online sale
• Minimum Premium : Rs. 40,000, Maximum Premium: No Limit
• Basic Sum Assured (BSA):
  • Age below 55 years : Higher of, (10x AP) or (0.5x term*AP)
  • Age above 55 years : Higher of, (7x AP) or (0.25x term*AP)
• Guaranteed Additions as a percentage of Annualized Premium (AP) shall be added to the Unit fund on completion of specific duration
  

  End of Policy Year	Guaranteed Additions (as percentage of AP)
  6	5%
  10	10%
  15	15%
  20	20%
  25	25%

• Death Benefit: Highest of (Basic Sum Assured) or (Policyholder’s Fund Value) or (105% of total premium paid)
• Maturity Benefit: Policyholder’s Fund Value + Refund of total Mortality Charges
• Policy Term : 10 to 25 years
• Minimum Age at entry : [90] Days
• Maximum Age at entry: [65] years
• Minimum Maturity Age : [18] years
• Maximum Maturity Age: [85] years

Comparison with Existing ULIP

Features	LIC’s New Endowment plus	LIC’s proposed Regular Premium Plan
Available for sale	Offline	Offline as well as Online
Minimum Premium	Rs. 20,000 yearly	Rs. 40,000 yearly
Basic Sum Assured	Higher of 10x AP or 105% of total Premium paid	Age <55 years : Highest of •10x AP or 0.50*Term*AP or •105% of total Premium paid    (*a)
		Age  >=55 years : Highest of •7x AP or 0.25*Term*AP or •105% of total Premium paid    (*b)
Policy admin charges	1st year-0.35%xAP(max.Rs.100 p.m.) 2ndyear-0.25%x AP(max.Rs.70 p.m.) 3rd,4th& 5th -With 3% escalation 6th onwards-Rs.52.17 p.m escalating at 3.00% p.a. therafter	Nil
FMC	0.70% for all funds	1.35% for all funds
Max. Entry age	50 years	65 years
Policy term	10 to 20 years	10 to 25 years
Max. Maturity age	60 years	85 years
Guaranteed Addition	Nil	On completion of specific duration from 6th year upto 25th year @ 5% to 25% of AP
Premium allocation charges	Year               Offline sale 1st year-            7.50% 2nd to 5th year-  5.00% Thereafter-       3.00%	Year     Offline sale Online sale 1st year-        8.00%      3.00% 2nd – 5th yr-    5.50%      2.00% Thereafter-    3.00%       1.00%

*a= Eligible for tax exemption as per prevailing rules

*b= Does not qualify for tax exemption as per prevailing rules

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JEEVAN SANTHI PLAN 850

JEEVAN SANTHI PLAN (850)

There are Numerous Parametres to see and finally come to a conclusion about a Plan.  Every Plan launched in LIC is meant for a Particular Segment.  It has to be sold by us; there is no 2nd opinion to it.

At the same time, understanding the Plan in a WRONG WAY and misselling it will land us into great trouble.

Just check the past mistake Money plus, Jeevan Saral etc

We are coming across POSTERS and WRITE-UPs which project rate of interest for DEFERRED ANNUITY option with 20 years deferment as 19.24% which is absolutely impossible. 

What is that 19.24% is a MILLION DOLLAR QUESTION which cannot be answered by ANYBODY who forwards such Posts; not even by the Creator of such Poster/Messages.

Jeevan Shanthi

In Pension & Annuity Market LIC has 2 products till date.
Jeevan Akshay(Single Premium- Immediate Annuity) Within 1 year Pension starts after payment of Premium
Jeevan Nidhi( Single & Non Single Premium- Deferred Annuity) Pension is payable after deferment Term.
Now the 3rd one comes
Jeevan Shanti
Single Premium but option of Immediate Annuity or Deferred Annuity
For Immediate Annuity Rate is almost same with Akshay but addl benefit is Liquidity (Surrender & Loan Facility) & Assignibility. Protection against Bank's Loan.
For Deferred Annuity option in Shanti USP's are
Liquidity
High Rate of Annuity
Choice for Customer to select Deferment Period from 1 to 20 yrs for Pension.
Multiple options to select for Annuity as Joint Life
Husband & Wife/ Brother & Sister/ Grand Parents & Grand Son & Daughter.

A truly International Standard Product designed by LIC considering the emerging Pension Market

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Secrets about Life Insurance which the Super Rich are not telling you

Here are some secrets about Life Insurance which the Super Rich are not telling you.

So as an advisor to several Ultra HNI families and after several discussions with them, I have realized that the way Life Insurance is perceived by some of the SUPER SUPER Wealthy families is very different from the rest of the population. Below I have tried to quickly summarize some of those observations and comments. 

The Ultra HNI Clients buy Life Insurance; EVEN IF THEY DON'T NEED IT!!!! WOW... !!

Now why do they buy it then? (The Million Dollar Question)

1. Liquidity! A lot of wealthy families are "Asset Rich" but liquid poor. The Life Insurance policy becomes a quick tool to create liquidity when any key person in the family passes away to ensure Hard Assets are not liquidated in a "Fire Sale". It also protects the reputation of the family

2. Income Replacement: AND I get this question asked a lot...  But don't the Super Rich have passive incomes and established businesses?? Well they do, But when the primary breadwinner passes away, these income sources may start to dry up, so the Life Insurance provides a quick buffer to help stabilize the income flow.

3. Wealth Transfer: We all work very hard to build HARD Assets; It is essential that these HARD Assets are transferred to the next generation without loosing value. Taxes, Transfer fees, Probate costs, Lawyers, Trusts, Foundations, the more complex the structure the more fees the estate has to pay. Life Insurance ensures those payments are made without touching any of the assets in the estate. Hence ensuring full Wealth Transfer.

4. Hedge against the Future: But don't the SUPER RICH already have a secured future? Well just like a car, every estate needs to have Shock-Absobers, Seat Belts and Airbags. You may be in a Rolls Royce, but you would still need the essential protections from uncertainity. Life Insurance is the Shock Absober in the Estate Value. It hedges the pot holes on the way. Life is unpredictable and so is your estate value.

5. Life Insurance as an Asset!! Life Insurance is not considered an expense on the Super Rich Income Statement; one of the reasons why a lot of people think the Super Rich don't have it..It is on the Balance Sheet as an Asset. No wonder a lot of people have the Myth that Life Insurance is only for the Poor and not the Rich. Life Insurance is an option (for all the traders and accountants out there) which is always "in - the - Money" which means; it will always have value for an estate even at its worst performance. Its a Liquid Asset/Property on the Balance Sheet of the SUPER RICH

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